What is Business Acumen?

[Suba]

Business acumen is the ability of an entrepreneur to make a profit. So basically business acumen is a combination of knowledge, skills and experience. An entrepreneur who has business acumen can think critically/rationally.

 

[Shavkat]

It is the ability to comprehend business-related concerns. It is the gathering of knowledge about procedures and their justifications, both generally and within the context of the organization. It is an essential trait for leadership and shows up in both decisions and inquiries.

 

[Starmix]

That is required once operate a business. It's a risk operating a business that lacks the know-how.

 

[uptrendfinancialsignal]

Business acumen is profit oriented and if a business is not making profit, it is really worth to be called a business.

 

[Springtime]

Business acumen is the ability to make good business judgment, think strategically and understand how to run a business operation properly.

 

[eldavis]

Truth be told i had to check the meaning of this word after seeing it, cause its actually my first time hearing it. From what i understand its a process in which a business owner deals with business related issues to bring good outcome.

 

[Reedex]

The business acumen encompasses a lot of things. It really mean and that you need to know the ins and out of the business and the rules and regulation guiding the running of a business.