I have heard a lot of people talk about success and almost all of us are chasing after it, with the intention of making it right.
Most of us also want to venture into them without getting the rudiment and fundamentals of the business and investments before engaging in them. So a factor or several factors are been considered before and for a more renounced performance called (Success), so what is most important to an individual, company, or organization to consider before investing to attain the desired height of success?
Is it KNOWLEDGE or CAPITAL, or even BOTH?
Every investment or business needs capital to operate, but what the person needs more is the knowledge of how to properly run the business or make a profit out of your investment. Knowledge includes risk management because if you just put your money into something you don't fully understand and without a plan, you're more likely to suffer losses than winning. If you don't have a plan, you're planning to lose. So always keep in mind that to be successful you need to invest in knowledge first.
You cant able to move if you dont have sufficient capital because you are dealing with the market which simply means that you would need money for you to move and of course it should be accompanied with knowledge
and skills for you to sustain or to be effective because if you dont have this thing then you would just basically wasting up the money that you had risked on.You wouldnt able to tell if you dont able to experience
on how unpredictable this market is and no how you should treat it that seriously.You would need that knowledge for you on having at least to sustain.