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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 2023In: Money & Business

What is the benefit of qualification in entrepreneurship

I keep hearing people saying that to become an entrepreneur you have to be qualified. Please I want to know, dose qualification have anything to do with enterpreneurship or being a good entrepreneur?

I keep hearing people saying that to become an entrepreneur you have to be qualified. Please I want to know, dose qualification have anything to do with enterpreneurship or being a good entrepreneur?

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on August 8, 2025 at 2:02 pm

    To be a good entrepreneur you need to know about Saving which  is allocating funds from your profit for needs shortly without spending it immediately. It serves as a safety cushion for unforeseen expenses that arise in the future in your business Another is that you should do good Investments whichRead more

    To be a good entrepreneur you need to know about Saving which  is allocating funds from your profit for needs shortly without spending it immediately. It serves as a safety cushion for unforeseen expenses that arise in the future in your business

    Another is that you should do good Investments which is about allocating funds to assets that yield returns or income over time and have a risk component.

    in business we need to have the knowledge of Both savings and investments as there  serve different purposes: savings are typically for short-term security, while investments focus on long-term growth. By combining these two strategies, you can secure your business present needs and prepare for future goals.

     

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