As a future entrepreneur, how important is knowing the experience of people around you and use it as an edge to your business?
ANSWER:
Your understanding of what customers want, combined with your employees' know-how, can be regarded as your knowledge base. Using this knowledge in the right way can help you run your business more efficiently, decrease business risks and exploit opportunities to the full. This is known as the knowledge advantage.
Answers & Comments
QUESTION:
As a future entrepreneur, how important is knowing the experience of people around you and use it as an edge to your business?
ANSWER:
Your understanding of what customers want, combined with your employees' know-how, can be regarded as your knowledge base. Using this knowledge in the right way can help you run your business more efficiently, decrease business risks and exploit opportunities to the full. This is known as the knowledge advantage.
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