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4. The degree of expertise involved

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    Wendy C.
    AU
    Wendy C.

    People often are successful in one field but cannot transfer those attributes to another.

    Samuel F.
    ZA
    Samuel F.

    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 necessary. case studies of business failure show numerous examples of people who are successful in one field but cannot transfer those attributes to another.

    Harrison A.
    AT
    Harrison A.

    For any business organisation to succed the sole owner or owners must have enough knowledge of the business they wished or desired to operate.However, a house without foundation can never stand or withstand any pressure and thesame is applicable to any business .

    Diamond T.
    US
    Diamond T.

    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 necessary. case studies of business failure show numerous examples of people who are successful in one field but cannot transfer those attributes to another.

    Douglas R.
    US
    Douglas R.

    Field attributes.

    Erick V.
    PE
    Erick V.

    siempre es importante el Know how en el negocio el expertise y conocimiento en el negocio de la o las personas que llevan el negocio

    Tony I.
    NG
    Tony I.

    If i dont have the skills but have the resources, can't i employ someone with the required skills?

    Pride C.
    ZW
    Pride C.

    It remains paramount that you must have the skills before and after you employ a skilled person. This is so as the person you employ must be managed, yet you cant employ someone else for a supervision job. You must ensure that the capital employed into the business generates reasonable profit to cater for operational as well as overhead costs

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