To succeed in a business, one needs to know math. To what extent do you agree or disagree?

It is generally the case that mathematical skills have contributed to the success of entrepreneurs. While

this

notion may be reasonable for some businessmen, I opine that for many successful companies nowadays, employers do not need to do the calculations themselves. It is common knowledge that maths plays an integral role in operating a

business

.

Firstly

, an enormous number of calculations have to be conducted to determine the prices of products that are both appealing to buyers and sufficient to make the

business

financially healthy. Without the financial counting of all expenditures, the businessman can easily overcharge or undercharge customers for his services or goods.

Secondly

, to maximize profits, the owner needs to make the system as cost-efficient as possible. To do

this

, she or he needs math statistics to make decisions of where and how capital should be allocated.

However

, it is my opinion that if numerical skills are not one’s forte, it does not mean he or she cannot run a successful

business

. The

first

reason for my argument is that employers can hire trusted employees to take charge of the accounting job. In the corporate world, it is not uncommon that the

business

owner is not the one who works with figures in his company. Another compelling reason is that delegating the bookkeeping work to subordinates might be an advisable practice. By doing

this

, the entrepreneurs can save their time and cognitive space for other important decisions,

such

as launching new products or adapting to the dynamic economic climate. In conclusion, while it is true that mathematics could be of pivotal importance for a

business

to prosper, I do not think its owner needs to be adept at mathematic capacities. It would be a wiser investment to employ a bookkeeper to do the job so that the entrepreneurs have time for strategic work.