Accounting - 4. The degree of expertise involved
4. The degree of expertise involved
It is most important that the person operating the business has the
relevant skills necessary for that business to succeed. Some businesses
require specific skills, such as the ability to repair computers, whilst in
other cases such as managing a coffee lounge more general skills are
Case studies of business failure show numerous examples of people who are
successful in one field but cannot transfer those attributes to another.
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