This days lot of people are starting businesses and there are many people who are still planning to start their business which is very good and wonderful
but at the end some of the business crash and some of the business are suffering from one problem or the other.
So i had to go and do some research and studies then i found out that the major cause to the reason why people's business fail and why some are
successful is "knowledge"
KNOWLEDGE
First of all what is knowledge knowledge is a knowing or awareness to something. someone, or somewhere in other words that is receiving new information about something. someone, or somewhere so this is the most powerful reason why many people succeed and why people fail in their businesses, Many people just want to start their business and start making money but they don't want to get knowledge on how to start business or the requirement needed in starting a business, in order for you to start a successful business you need to get knowledge study, read books on business so you can get knowledge on how to start your business, how to be successful in business, why people fail and succeed in business, how to sell your products and services etc even if your business is an online or a local business you still need knowledge i have found out that many people that are successful in business they know enough things about business this are people that read a lot of books they go for seminars just to get knowledge, you need to get knowledge before looking for business ideas your ideas without knowledge is equal to bad ending for your business, by the way i will recommend you to read this book by robert kiyosaki it's titled "rich dad poor dad" a book for both new and old business owners it's a guide for you before starting your business.
WHY KNOWLEDGE
The reason why you need knowledge is for you to avoid unnecessary pitfalls and to change the way you think because if your mindset is not transformed to think as a business man or woman then you will not be able to manage your business properly, many people after starting a business when the business is not going as excepted they just quite and say this business is not good and they go to looking for a job, but successful business people most of them failed a lot before making it cause when they failed their mindset did not fail so they look for the reason of their failure and they dealt with it and apply other business strategies one of the biggest failure in business is the failure of your mind if you do not equip yourself with knowledge then they is really a big problem.
There are more to say about getting knowledge but i believe i have hit the main point which are transforming your mind and knowing what to do and how to do what you want to do in business i know that knowledge never ends but try as much as possible to get the required knowledge needed.
Posted: Oct. 19, 2023, 4:37 a.m.
