How do one invest in business one doesn't has skill?.

[eldavis]

Yes it is possible to do so, there are people making different investments in things they have little to no idea about, but this can be risky as you can easily be cheated.

 

[Heatman]

It is not advisable to invest in a business venture you do not have knowledge of. You will actually make a lot of mistakes and make losses.

It is going to be a complete waste of money of investment because in the end you will end up blaming yourself because the Investment will most likely not go your way.

 

[Stardom22]

Sometimes entrepreneurs can think of venturing into business that seems to be very promising but missing the required information and knowledge for the business. When this happens then they can hire mentor services from the experts to go on with the venture.

 

[Shavkat]

Yes it is possible to do so, there are people making different investments in things they have little to no idea about, but this can be risky as you can easily be cheated.

It will be a learning process if being cheated in business. However, it is not a good thing to face such a challenge in life. Thus, it is better to learn and be aware of the possible risks in business.

 

[Stardom22]

I think the people without skills for some businesses would do outsourcing for the services of the experts for them to be able to run the business in the most professional way.

 

[Sewhento]

Before you invest in that business, be sure to take time and study how that business works especially the financials. That is so that the people you employ would not exploit and cheat you.

Yeah that is it

 

[Niyi Briggs]

Hire professionala to run the business for you at the initial stage. In the process, humble yourself and learn from them. It is this kind of business that staff welfare should be prioritized else they get angry and cheat you.

 

[Bisolami]

My fellow members in the house, is it possible to invest in business you perceived as lucrative but one lacks skills and techs on it?.
One would have thought it is good to employed skillful personnel to handle such business. But one thing I discovered is that the moment perceived you knew nothing about the business, you will be cheated upon. The business would be mismanaged to their own advantages. And finally, it would be liquidated. How do you think this could be done successfully?.

Well, I feel like it may be risky to invest in someone who does not have a skill. It can oy be done when the person is employing other people to do the job for him and then you can invest

 

[Abdul01]

My fellow members in the house, is it possible to invest in business you perceived as lucrative but one lacks skills and techs on it?.
One would have thought it is good to employed skillful personnel to handle such business. But one thing I discovered is that the moment perceived you knew nothing about the business, you will be cheated upon. The business would be mismanaged to their own advantages. And finally, it would be liquidated. How do you think this could be done successfully?.

Even if one does not have the skill to run such a business then you can employ someone that has such skill and can be trusted both in the skill he has and also proven worthy of his character..

 

[Passiveearner]

most people that venture into businesses do not have experience about it. It is constant practice that makes them experienced.

Well, I think that if a person does not have enough skill level, then they could possibly hire a professional or skilled person in order to carry out business activities and manage businesses for them.

 

[eldavis]

Well, I think that if a person does not have enough skill level, then they could possibly hire a professional or skilled person in order to carry out business activities and manage businesses for them.

Yes that's a better option, cause if they should try running the business with that little amount of skill, they would end up crashing the business. It would be best to hire someone with more skills and experience.

 

[Chibson]

It is going to be a complete waste of money of investment because in the end you will end up blaming yourself because the Investment will most likely not go your way.

Probably, most people do so because they see a lot of people investing which is really very bad. Investing because other people are doing so may end up making you waste your money.

Post automatically merged: May 31, 2023

Well, I think that if a person does not have enough skill level, then they could possibly hire a professional or skilled person in order to carry out business activities and manage businesses for them.

You're right, unless you have enough money to pay professionals it is not advisable to invest in a business you are not skilled in. This is because you may end up losing a lot of money on the long run.

 

[Sophie]

I don't really think a skill is important for a business I believe that with enough research and good capital any business can easily be entered. The finance is more important