What matter between knowledge and capital?

[btaliat]

Intending business owners are mostly faced with lack of money on establishing their own business. If you go out and carry out survey about what's stopping young people from starting up their capital. It won't surprise you if more than 99% tell you it is capital.
Is the capital really matter than the knowledge of the business? I mean should you seek knowledge about your intending business first and be scouting for money to execute your plans or ideas of that business. Or you prefer having enough money and then hire experts to guide you on how to do the business?
Which one do you think a newbie that's dreaming of becoming an entrepreneur utilize? Remember if he doesn't effectively utilize any of the explained, he may found it difficult to start a business.

 

[Jonaville]

To be honest, both knowledge and money are very important in starting up a business. It is simple one cannot work without the other, you can have all the money in the world but if you have no idea which business to start with it it is still just money and it might finish later on. And then again you can have a million ideas in your help but if there is no money or capital to to use to implement the ideas it is still what it is: an idea, which is pretty much useless as well. So it can be rightly said that both ideas and money are necessary to start a business.
However, if we are talking about which one is more important, I will go for idea. Once someone has a feasible business idea, getting the capital to start it is not impossible. But money alone without an idea is completely useless.

 

[Kennysplash]

Having the right knowledge is way more ahead of capital. If you don't have knowledge capital can be useless, there are many people that have the capital but are practically wasting it because they don't have the right knowledge to make use of it. These ones later have to pay for someone else knowledge before they can succeed. While others have the knowledge but no capital, but this is still okay because they can start small with their knowledge and later grow bug. So the power of knowledge should not be underestimated.

 

[Olajidey]

Both is important if you have the knowledge and you don't have capital to start the business the knowledge will just be there rotting and if you have the capital without the knowledge the business will not flourish and it might close. But if there is knowledge and also there is the capital the two we work hand in hand together and all activities in the business will go on smoothly like you are experience in the business. so both helps a business to grow.

 

[Deleted member 27583]

Intending business owners are mostly faced with lack of money on establishing their own business. If you go out and carry out survey about what's stopping young people from starting up their capital. It won't surprise you if more than 99% tell you it is capital.
Is the capital really matter than the knowledge of the business? I mean should you seek knowledge about your intending business first and be scouting for money to execute your plans or ideas of that business. Or you prefer having enough money and then hire experts to guide you on how to do the business?
Which one do you think a newbie that's dreaming of becoming an entrepreneur utilize? Remember if he doesn't effectively utilize any of the explained, he may found it difficult to start a business.

The two matter most in life,but if you don't have the two presently or you only have one and the other one is missing,you need to work to get the one that is missing in your life...

For example you have knowledge of what to do but no capital to carry your plans out, I will advice you go on and work for sometime till you get the capital to start up the business...

And if you have capital but no knowledge of what to do with it,I will advice you to go under some expert to learn for a period of time till you can confuse yourself on how far you could do the business,so after then you start up ... Am very sure you will be glad with yourself in life...

 

[Mataracy]

Knowledge is very important in business. Without good knowledge in what you want to do It will be difficult to maintain the capital acquired.
There is a saying that knowledge is power. So without any ideal of what to do failure is in evitable. Therefore in anything you want to achieve get knowledge.

 

[Deleted member 28873]

both knowledge and capital works hand in hand both cannot survive without one another but knowledge is much more important compared to the capital but what is the use of the knowledge if there is no capital to back it up with.Indiscriminate discarding of knowledge as an enterprise asset, whether in the form of accumulated employee training or junking of legacy software, has its origins in ideas proposed over a century ago about the value of capital and labor. These theories claim that only capital assets increase the productivity of labor.
Consequently, the productivity of an enterprise is measured only in terms of the productivity of its capital, such as return-on-assets or return-on-investment. The providers of capital are then entitled to the surplus, called profit or rent.
If knowledge happens to be necessary for labor to make better uses of capital, that becomes the justification for a higher wage rate for labor. By this reasoning, those performing the actual labor are not entitled to collect rent from the knowledge they have accumulated. Labor can receive only fair compensation for the time worked. The most they are allowed to claim is to be awarded premium wages and a bonus here or there.

 

[Hina]

There is a large difference between human capital and knowledge management. Human capital refers to the measure of the economic value of an employee's skill set.

 

[btaliat]

Knowledge is very important in business. Without good knowledge in what you want to do It will be difficult to maintain the capital acquired.
There is a saying that knowledge is power. So without any ideal of what to do failure is in evitable. Therefore in anything you want to achieve get knowledge.

Nice contribution. But I don't want to put more importance on knowledge. When you have the knowledge, it maybe wasted if there is no capital to back up. But if there is capital, you can seek knowledge through your money. Even if you have money, you have everything. Even you can hire intellect to be runing your business and be paying them. I don't think knowledge is more important than capital. But to be frank, the two are very important in setting up a business.

Knowledge is very important in business. Without good knowledge in what you want to do It will be difficult to maintain the capital acquired.
There is a saying that knowledge is power. So without any ideal of what to do failure is in evitable. Therefore in anything you want to achieve get knowledge.

 

[Amthe]

Starting a business is not something that one can stood just a day and start for a successful business to occur it has to be planed a plan is the backbone of a business.

 

[Gamboakas]

Knowledge is very important in business but capital is also more important because when you have the knowledge without capital you can't be able to put the business into practice. Knowledge and capital work in hands when it comes to business. But it is advisable if you have both the knowledge and capital.

 

[Amthe]

We all know that knowledge is power but knowledge without capital is something else..and also capital without knowledge is nothing else so is better you've knowledge of a business and seek for a capital even do is 50%.