IS Knowledge mandatory to run all thyps of business?

[kirubel]

I am asking this because in my country there are a lots of business owners who haven't learn any formal educations, some are learned till 4th grade and some are learned till grade 10 but even there are a lots of wealthy peoples who don't even know how to right their names and don't know how to read, and i wonder all business types don't need knowledge to run it and to become profitable with it all it needs is skill and open mind set with creativity.

 

[Stardom22]

In my own opinion, l think that the knowledge is a must for the success for any kind of business. I hope one must know what they are doing for them to succeed.

 

[kirubel]

In my own opinion, l think that the knowledge is a must for the success for any kind of business. I hope one must know what they are doing for them to succeed.

I also used to think like you, i know knowledge is needed to get successful business, but like i said on the post most of reach peoples in my country are not educated and they didn't learn any formal education, that made me think in the other way.

 

[HansonU99]

When it's come to business I think that knowledge is one of those important factor for anyone to run a successful business we need to have knowledge on what we are operating so knowledge is virtal when it's come to business

 

[kirubel]

When it's come to business I think that knowledge is one of those important factor for anyone to run a successful business we need to have knowledge on what we are operating so knowledge is virtal when it's come to business

True, having some knowledge and having some experience on the thing we are going to do or on the business we are planning to run is good thing, and yeah it could increase productivity and profit on that business, but it should be all kinds of knowledge.

 

[SHAHID987]

There is some difference between education and knowledge as one can get the knowledge without any formal education, so here in my nearby areas people are running business perfectly without any formal education but they do have the sense of business as well as extreme knowledge about it.

 

[kirubel]

There is some difference between education and knowledge as one can get the knowledge without any formal education, so here in my nearby areas people are running business perfectly without any formal education but they do have the sense of business as well as extreme knowledge about it.

True there are a huge difference between knowledge and education, and yeah one can run a successful business without having any education, and also in my country there are a lots of business owners who are profitable but don't have any formal educations.

 

[nomad]

Without knowledge, how do you suppose to run a business? Knowledge is a must when it comes to running a business. The only exception to this is you hire experts to run your business.

 

[Starmix]

There are people who became wealthy businessmen without education. My neighbor alone, a millionaire and he finished only Grade 3. He has a rich imagination and is good at Mathematics.

 

[kirubel]

There are people who became wealthy businessmen without education. My neighbor alone, a millionaire and he finished only Grade 3. He has a rich imagination and is good at Mathematics.

I have also seen so many rich and wealthy peoples who have no formal educations and some of them only learned few grades, some rich peoples even don't know how to read but they managed to be reach.

 

[eldavis]

If you want to successfully run any business, you need to have some level of knowledge of how the business works. This way you can run the business well and grow it from there.

 

[aovurevu]

I am asking this because in my country there are a lots of business owners who haven't learn any formal educations, some are learned till 4th grade and some are learned till grade 10 but even there are a lots of wealthy peoples who don't even know how to right their names and don't know how to read, and i wonder all business types don't need knowledge to run it and to become profitable with it all it needs is skill and open mind set with creativity.

You need to have basic knowledge to engage in some kind of business and one of which is arithmetic knowledge and communication too, these two are vital in running a business.

 

[kirubel]

You need to have basic knowledge to engage in some kind of business and one of which is arithmetic knowledge and communication too, these two are vital in running a business.

True, basic knowledges are needed to be successful in a business, and in order to get profit from it and in order to run the business without falling those basics are mandatory. even if a person is not learned formal education they can run a business.

 

[eldavis]

You need to have basic knowledge to engage in some kind of business and one of which is arithmetic knowledge and communication too, these two are vital in running a business.

Yes, infact every business needs one from of knowledge or the other. Even something as simple as buying and reselling, you would still need to know where you can buy them the most cheapest, and how much others are selling.

 

[kirubel]

I would say it depends on the type of business that we are running, like i said many investors and successful business owners in my countries don't have a formal education but they have skills.