Deference between business qualification background businessmen and non educated businessmen
In this article we gonna discus lot of df between educated and non educated background business man
In today’s lot of social media influencer and lot of course sellers
Say do business become rich and millionaire without being educated and give reason that education is a waste of time
Now we highlight some aspects of business which can only be handled by educated man and I am not saying the any education its about bachelors master in business or even CA qualifications business failure chance can be reduced
These are bullet points to know about this
1.Risk analysis
2.Future forecasting
3.Cvp like tools
4.Profits maximization
5.Brand image value
1.Risk analysis
If you can measure business risk it will increase the chances of profit minimization
A educated businessman will first take some steps before investing into that for examples
1)Market size of niche
2)Scaling capacity of business
3)Competition in market
4)Capital loss forecast
These are some aspects that will come into mind of educated person sure but
2.Future forecasting
It is technique that is used in business for dealing for future problems
And sales etc
These are some examples of that
1)Finance forecasting
2)Loan requirements
3)Debt collection
4)We can sell business at it peak time
3.Cvp tool
Its is very small but powerfull business formula to get targeted sales number
To achieve —- amount of profit and loss its is fusion of fixed cost , variables cost and contribution
Profit = (Selling Price per Unit − Variable Cost per Unit) × Number of Units Sold − Fixed Cost
4.Profit maximization
After knowing all these things we can achieve high sales figures by
1)By sale forcasting
2)By becoming single seller fof product by selling unique product in market
3)By increasing demand of product
4)Lowering the cost by removing lot of glitchs
5)By doing best forecasting of future trends
5.Brand image value
By marketing stragey we can scale the business better
Now we can conclude that we can be smarted in business if we have some knowlede about it and after that we can better do business if it fails even after that we can secure future with job so education is better in term of business as well as well everything
