The entrepreneurial spirit – Knowledge is power

Knowledge and people are the drivers of opportunity.  They are intertwined.  Without knowledge and a reasonable contact network, the well of opportunity simply dries up and it becomes hard to survive in business.  Starting up your own business without at least a basic level of business education is to seriously limit your effectiveness to function, operate and grow. 

The problem with a lack of knowledge is that “you don’t know what you don’t know”.  From the knowledge is power perspective, that’s a serious weakness.  In other words, you are simply unaware of the large chunk of knowledge that you don’t have personally.  Because you are unaware, you have no inkling that it exists or that it could be vital to your business.  That’s dangerous!

It also means that you must rely on other people to tell you what is important.  For a variety of reasons people push their own agendas.  Advisers tend to stay within the safety of their own areas or specialty, and teachers teach what they know best.  So it makes sense to have a basic understanding of an issue yourself, take advice and make up your own mind.

As much as people want to march to the beat of their own drum, it is hard to go it alone when starting up your own business.  Business success is easier with a team effort.  It is impossible to know everything.  You can be the smartest person on the planet but still not survive in business, but at least a business education will give you some idea of the things you need to know or be aware of.

The ideal combination is to have a flair for making money, and to have some basic business knowledge.  From there you can find the resources you need and surround yourself with smart people whose specialist knowledge you can access.  You don’t necessarily have to employ people to achieve this.  It is part of the entrepreneurial spirit and a talent in itself to know where to find required knowledge and expertise. 

For more expert tips on the entrepreneurial spirit and starting up your own business, visit

 Wishing you positive Ki in business

Gary Weigh

Online Aiki Business Coach