What happens if you start a business you have no knowledge about.

[TOZZIBLINKZ]

One of the possible factors that leads an individual to establish a business is because he or she hopes to yield something positive from it, or possibly he or she as evaluate and accurately examine the results and benefits he or she stands to benefit if he or she established such a business. However, there are many individuals who have established businesses they do not have any idea about, and to be sincere and honest they are reaping it's negetive consequences today. There are so many negativities that may result, when an individual starts a business he or she have no knowledge about. Before we talk about this negativities, let us first of all understand why an individual may want to establish a business in which he or she has no knowledge about. Many individuals are moved by peer pressure and desperation, or as a result of silly challenge to establish a particular kind of business they have no idea about, however at the end of the day they face a whole lot of consequences.

Loss of capital, first of all he or she has lost the capital possibly used in establishing the business, and even if he or she tries to keep up to see whether he or she can manage and operate the business as usual, there could be a tendency that the business isn't going to be successful, because his or her mind wasn't channelled into it. Failure, establishing a business you have no idea about will lead to failure, possibly in the form of bankruptcy and liquidation, and in most cases you become a laughing stock to your onlookers or competitors. Frustration in getting things done, this is also true Because due to the fact that you do not have knowledge about the business you may end up feeling frustrated in getting simple task done, possibly a simple activity that would have just the man nothing less than 5 minutes may demand 5 hours from you as a result of your lack of knowledge.

 

[CALVINDOL]

There is literally nothing else that will result apart from failure and frustration, and it is totally insane for an individual to establish a kind of business he or she has no knowledge about. Each business whether large or small definitely have what it takes to be managed and to be operated successfully and comfortably and these factors need to be understood by the business manager or by the business owners. And so in a case where an individual establishes a kind of business without considering all factors that totally leads to its successfulness and do it development, such individual is definitely a short of going nowhere in his or her business establishment.

Another possible thing that may result from establishing a business you have no idea about, is that you will be left in a loop whether to shut down the business or to continue. But sooner or later the business maintains to shut down itself as a result of wrong management and wrong operation.

 

[Jasz]

There are many things that can go wrong when you start a Business and you don't really know what you're doing. You may think that it's just a matter of picking up some business skills, but when you're starting from scratch, it's much harder than it appears. The good news is that there are plenty of resources out there for new entrepreneurs who want to learn how to start a business, but the bad news is that not all of them are created equal — and even if they are, finding the right one for you can be difficult.

So here's my take on where I'd start if I were in your shoes: If you have no knowledge in a particular field, it is best to start with something easy. The first thing you should do is research and learn as much as possible about the business that you want to start. If you are thinking of starting a business related to your hobby or passion, then this will be easier. You can go online and read blogs, watch videos and listen to podcasts on the subject.

You will also want to read books, magazines and other resources that relate to your idea. Once you have done all this research and know what it takes to start up a business, then get ready for the next step: finding a partner or investors who will help with the money side of things.

 

[Axis]

The establishment of businesses is absolutely one of the most compulsory activities majority of people turn to in order to earn a living. However among these individuals who establish and manage businesses there are some who established businesses in which they are not able and capable to manage and to operate. It is very necessary that you have full knowledge and full experience about the business that you have established because the lack of knowledge about the business that you have established can lead to run management and the wrong operation of it. Give me also feel frustrated and disappointed about the result of the business as almost every activity you possibly carry out will lead to failure.

Having no knowledge about the business that you have establish will also make you to be overly threatened by your competitors and rivals, and at the end of the day a business will become liquidated or bankrupt. However it is necessary that you have knowledge about your business.

 

[eldavis]

Starting a business you have no knowledge about would totally lead to failure, there are persons who believe they can simply hire experts on that field and pay them to do the job while they receive the profit, but the truth of the matter that they can easily be cheated. Base on the fact that they know notting about the business, these so called experts can use it against them and cheat them. You would end up spending more than you should.