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Home» Questions»Q 83710
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

JAYBEE
JAYBEEActive Contributor
Asked: September 4, 20232023-09-04T20:39:50+00:00 2023-09-04T20:39:50+00:00In: Money & Business

Does business establishment requires skills?

Some part of making money online requires skills, some don’t requires skills What do you think about business, does it requires skills?

businessskills
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6 Answers

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  1. Crystal
    Crystal Knowledge Seeker Experience on Blockchain technologies.
    2023-09-04T22:35:28+00:00Added an answer on September 4, 2023 at 10:35 pm

    I think yes, skills is necessary to establish a particular business. Because having skills workforce can give a business a competitive edge. Skilled employees can differentiate a company from its competitors by offering unique expertise or capabilities. Skills can bring more improvement to your busiRead more

    I think yes, skills is necessary to establish a particular business.

    Because having skills workforce can give a business a competitive edge. Skilled employees can differentiate a company from its competitors by offering unique expertise or capabilities.

    Skills can bring more improvement to your business.

    You need financial skills which is an  essential for managing budgets, forecasting, and ensuring the financial health of the business. Skilled financial professionals help with strategic financial planning and so on.

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  2. Alex Johnson
    Alex Johnson Newcomer
    2023-09-05T16:24:14+00:00Added an answer on September 5, 2023 at 4:24 pm
    This answer was edited.

    Yes, establishing and running a successful business typically requires a combination of skills. These skills can vary depending on the type of business and industry, but some common skills include: Entrepreneurial Skills: These include creativity, risk-taking, and a vision for your business. ManagemRead more

    Yes, establishing and running a successful business typically requires a combination of skills. These skills can vary depending on the type of business and industry, but some common skills include:

    Entrepreneurial Skills: These include creativity, risk-taking, and a vision for your business.

    Management Skills: Being able to organize, plan, and oversee various aspects of the business, including finances, operations, and personnel.

    Financial Literacy: Understanding budgets, financial statements, and managing cash flow is crucial.

    Marketing and Sales Skills: Knowing how to market your product or service effectively and close sales is vital for growth.

    Communication Skills: Being able to communicate with employees, customers, and other stakeholders is essential.

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  3. Eminado
    Eminado Active Contributor
    2023-09-04T22:41:40+00:00Added an answer on September 4, 2023 at 10:41 pm

    Hey guy, it is important to acquire skills related to your business before starting a business because is often crucial for success, skills relevant to your industry, such as product development, marketing, finance, and management, can significantly impact your business's chances of thriving. HoweveRead more

    Hey guy, it is important to acquire skills related to your business before starting a business because is often crucial for success, skills relevant to your industry, such as product development, marketing, finance, and management, can significantly impact your business’s chances of thriving. However, the extent and type of skills needed can vary depending on your business idea and industry.

    Hope this brief and sound enough to reach your satisfaction.

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  4. Light
    Light Trusted Adviser
    2024-07-22T20:05:45+00:00Added an answer on July 22, 2024 at 8:05 pm

    You need some level of skills to manage a business if you don't just want to experiment with your money. It's not about guess work. There are some steps you need to follow they're some qualities and dexterities you should have to have a thriving business. It's good to learn if you have to rather thaRead more

    You need some level of skills to manage a business if you don’t just want to experiment with your money. It’s not about guess work. There are some steps you need to follow they’re some qualities and dexterities you should have to have a thriving business. It’s good to learn if you have to rather than just trying out your luck. It might take you some time to learn some of these skills but you won’t regret you did.

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  5. Inem
    Inem Knowledge Seeker
    2024-07-23T00:48:49+00:00Added an answer on July 23, 2024 at 12:48 am

    Businesses require a diverse array of skills for one to succeed in it. You need to have organizational skills in order to be able to succeed as a business person. You must also have the ability to manage people. Above all, business requires leadership skills, even when it is just you as the workforcRead more

    Businesses require a diverse array of skills for one to succeed in it. You need to have organizational skills in order to be able to succeed as a business person. You must also have the ability to manage people. Above all, business requires leadership skills, even when it is just you as the workforce. You have to lead yourself. You need to be innovative and quick thinking to succeed in business.

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  6. eldavis
    eldavis Enlightened Mentor Graphic designer
    2024-07-23T08:16:07+00:00Added an answer on July 23, 2024 at 8:16 am

    Every business requires skills, be it online or offline. The major difference is that some requires a higher level of skill than the other. Let's take graphic designing for an example. To become a graphic designer, you need to go through training, and various classes if possible. While working on paRead more

    Every business requires skills, be it online or offline. The major difference is that some requires a higher level of skill than the other. Let’s take graphic designing for an example. To become a graphic designer, you need to go through training, and various classes if possible. While working on paid to post forums or get paid to platforms do not require you go through any from of special training.

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