Agree or disagree with the following quotation: "Success in essays
In my opinion, I agree that success in business depends more on who you know than what you know. In the world of trade, an entrepreneur who has vital connections and links definitely has a higher chance of making profits compared to one who does not have any. Knowing the right people is important because they can introduce important clients to you and educate you about the ins and outs of successful entrepreneurship. However, what you know is not negligible either. It is important because it allows you to be innovative in your products based on the vast knowledge and understanding you possess.
In a business, having the right contacts is important as they can introduce important clients to you. In businesses related to services, such as insurance, it is relatively hard to get customers especially if your company is new. In this case, knowing the right people can help your business a lot. By knowing people with many contacts, they can introduce you to many potential clients who may be interested in your company. If the quality of your services is up to their satisfaction, they will recommend you to even more people, thus helping you advertise through word of mouth. Therefore, to succeed in your business, knowing the right people is very vital.
In the trading industry, knowing someone already established in business is essential as they can teach you about the ins and outs of successful entrepreneurship. These special rules are like the unwritten regulations of business that you need to follow in order to survive, and later, outshine your business competitors. For example, having connections with Anita Roddick, the founder of the Body Shop can be very helpful to your business. She can be your mentor by giving you essential advice on strategic marketing and product planning based on the genuine experience she has gained over the years in developing the Body Shop into what it is today. Thus, to know the tricks of trade in the busine…