knowledge and Capital which is Very important in Business or Investment? - page 9.

Shasha80

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Quote from: Dread Pirate Roberts on July 25, 2021, 05:46:21 AM

Quote from: Barinekapaul on July 23, 2021, 03:49:31 AM

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Definitely both. but actually a lot thing is also important apart from that . like experience. dedication and consistency. that's what sometimes hinders someone from achieving his goal, even though they have big capital but have no knowledge, experience its so possible to get fooled by their own partners or their own investment. there are also many successful people with small capital but with high knowledge and experience even more successful than those who immediately start with large capital.

It is true that knowledge and capital are equally important, but if I had to choose I would choose knowledge. Because if we have knowledge, but start
with small capital, we can still succeed to generate profit. Although the profit generated may be small, but if it is collected it will be big too. It's different
if we start with large capital for investment, but do not have the knowledge, it is very likely to experience losses. So my advice before deciding to invest
in crypto is better to learn first, so that we have enough knowledge, about what we buy and how crypto works. That way it will be easier to make a profit.

FairUser

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Our views are not the same because our abilities are limited in perception. For investment or business in a certain field, I find that to do it better than others, you must first know better than everyone, the difference will lead to success. Different starting points will give different formulas for seeing success.

Dread Pirate Roberts

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 AM

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Definitely both. but actually a lot thing is also important apart from that . like experience. dedication and consistency. that's what sometimes hinders someone from achieving his goal, even though they have big capital but have no knowledge, experience its so possible to get fooled by their own partners or their own investment. there are also many successful people with small capital but with high knowledge and experience even more successful than those who immediately start with large capital.

ninabobo

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

For a business to be successful the both are needed (capital and knowledge) one can't work without the other, a business man who has capital and no knowledge will end up wasting his money thinking his doing the right thing due to lack of knowledge, and also a business man who has knowledge without capital can't start up a business, but if am to choose between the two then I will say knowledge is better because we can always seek for loan.

imstillthebest

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this two arent enough . what about the passion or the interest for a business ?
if you dont have this you will get bore on the business that you pick even if you already have a knowledge and a capital success will still be hard to achieve .
this could be the fail of others because they instantly follow the other to think it will also happen to them .

molsewid

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Quote from: Hydrogen on July 23, 2021, 07:33:27 PM

What matters the most is to always be learning, improving and hustling. Knowledge and money come and go. What's hardest to maintain is to always keep trying and stay motivated. Some people are good at making everything funny and fun. You still see them smiling and laughing, even if they're putting in 14 hour work days. Which seems to take the effort and strain out of it.

Attitude, work ethic and hustle can be used to acquire knowledge and money. But knowledge and money can't be traded for attitude, work ethic or hustle. People can't buy their way to having a winning mentality. And its not something that can be earned through knowledge or experience. But it can be developed and improved through practice.

Knowledge is considered as powerful asset that every person could have. The real business or investment itself will not going to be successful if the person is lack of it, I mean anytime we can start investing or business but the long term running of the investment and/or business are the thing that would define how effectively you are being an investor or businessman. Also, aside from the knowledge learn how to allot a time for yourself to to learn how to be patience enough because investment and business is long term learning process.

Kong Hey Pakboy

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Quote from: just_Alice on July 23, 2021, 06:54:07 PM

The first one is more important. It is said for a reason that knowledge - is power. With the right knowledge and practical skills, it is possible to make a profitable investment, even without a large capital. On the other hand, having no knowledge and a lot of money can be a total disaster and result in no profit whatsoever, it’s not uncommon. So there’s your answer.

I definitely agree but more than knowledge, we also have to have some wisdom and common sense because without the other two, knowledge alone isn't going to help you make a character.

dothebeats

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I know some people who were able to establish with a product or service with almost no capital of their own, just pure sales talk and great ideas served on the table. Don’t get me wrong, capital is also equally important, but with knowledge you can still convince enough people to do the spending for you provided that you have a great idea that could work. You just bank on your brain to get you the capital and tada, a new business is born.

Hydrogen

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What matters the most is to always be learning, improving and hustling. Knowledge and money come and go. What's hardest to maintain is to always keep trying and stay motivated. Some people are good at making everything funny and fun. You still see them smiling and laughing, even if they're putting in 14 hour work days. Which seems to take the effort and strain out of it.

Attitude, work ethic and hustle can be used to acquire knowledge and money. But knowledge and money can't be traded for attitude, work ethic or hustle. People can't buy their way to having a winning mentality. And its not something that can be earned through knowledge or experience. But it can be developed and improved through practice.

just_Alice

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The first one is more important. It is said for a reason that knowledge - is power. With the right knowledge and practical skills, it is possible to make a profitable investment, even without a large capital. On the other hand, having no knowledge and a lot of money can be a total disaster and result in no profit whatsoever, it’s not uncommon. So there’s your answer.

Wakate

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To me knowledge brings capital and capital can be use to acquire knowledge. It works both in hands depending on which one is Paramount to us. A person that has capital can decide to get more knowledge to grow the capital to a substantial level while a person with knowledge especially in trading can use it to grow account that will lead to profits. One can lead to the other but depends on the individual.

Silberman

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Obviously both, if you have capital but no knowledge you could think you could hire someone to administer your money for you but even for that you need the right knowledge to distinguish the good money managers from the bad ones which are more abundant obviously, and if you have the knowledge but not the capital then you cannot make money in the markets at all so you need both and the more you have of both of them the better.

palle11

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Well , it is going to depend on how much you want to call capital because even when an investor has a lot of knowledge, they still need capital no matter how little, to roll out the knowledge had. IMO knowledge is better than "huge capital". A starter does not need to start up with big capital so not to waste the fund. So they need to gather knowledge first before going full in. An experienced person also need knowledge to carry out all the plans

It was knowledge that made Solomon to decide who has the baby in contension when he threatened to cut the baby with a knife and the woman who is the real mother cried that the child shouldn't be cut but that rather it should be giving to the other woman while the other woman was rejoicing for the child to be splitted. This made Solomon to know the real mother and delivered the baby to the woman who was crying. This example show that knowledge is better.

CaVO32

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Quote from: blue_nexus15 on July 23, 2021, 03:55:02 PM

In business or investment, to be successful, we must first have the capital and prepare the necessary strategic knowledge to be able to execute the idea in detail and perfectly for the set plan. Therefore, without knowledge and capital, business and investment will not be possible.

Bottomline, both are significant factors when you venture in a business or investment. They go hand and hand when you explore your opportunities in business/investments. Without the other, I don't think you will be successful in a particular venture. Let us say, you only have the money but lack of knowledge in business, then, you need to find someone that will fulfill that void. And same with no money but only knowledge, you need someone to financially back your ideas. So that means, both are important when you get involved with business.

Fortify

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 AM

I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?

Is it KNOWLEDGE or CAPITAL, or even BOTH?

It is possible to get by with just a little bit of knowledge but you will ultimately always need a lot of capital over time to make good money. The wisest investors might actually be the people who invest in index funds with bare minimum fees attached, that way you'll be invested in a broad spectrum (provided you go for global) of companies across many different industries and countries. It is possible to do better by picking individual companies, but knowing the right time to put your money in can be an extremely difficult skill to master. As long as you are putting money in consistently and keep your expectations on returns low (aim for the 3-5% in the largest businesses) then you can do OK picking individual stocks too.

Haunebu

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Knowledge and capital matter a lot, but you are forgetting another crucial factor which is luck. No amount of luck and knowledge can help you achieve success if luck eludes you.

Personally, I feel that luck is the most important factor followed by knowledge followed by capital. Why? Because it's possible to earn huge amounts through small amounts as long as you are smart and luck should favor you.

Gambling Example: Winning an accumulator or parlay can help you earn huge amounts by risking small amounts.

blue_nexus15

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In business or investment, to be successful, we must first have the capital and prepare the necessary strategic knowledge to be able to execute the idea in detail and perfectly for the set plan. Therefore, without knowledge and capital, business and investment will not be possible.

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without capital and relying solely on knowledge, you can't earn a lot of money. or have capital, but do not know how to invest properly will only result in losses. I personally put more emphasis on knowledge. because capital can be obtained afterwards.

Findingnemo

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Knowledge is the very first thing you need to run a successful business in a big scale or keep making profits in the long term but not every knowledgeable person is rich in this world so they need capital to for that they can adapt ventures or even loans if their idea is different and unique.

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Quote from: Barinekapaul on July 23, 2021, 03:49:31 AM

Is it KNOWLEDGE or CAPITAL, or even BOTH?

Both! You can't be successful if you only have one but not the other. If you have capital, then you must either have the knowledge yourself to invest it successfully (there are a lot of ways to invest wrongly and lose your capital) or buy this knowledge, for example by hiring external consultants who bring this knowledge with them. Having only knowledge without capital is basically only possible if someone with capital trusts you and provides it to you.

Topic: knowledge and Capital which is Very important in Business or Investment? - page 9. (Read 1094 times)