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

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There are several debates about the factors that lead to a profitable enterprise. Some people claim that in order to achieve success in a
business
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,
one
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has to have
math
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knowledge
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on some level. I completely agree with
this
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point of view.
Although
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businesses
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look simple from a customer's point of view, they require precise accounting, or else
one
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would fail to profit and maintain their
business
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.
Therefore
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, some efficient
math
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knowledge
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makes
business
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owners make better decisions. Of the applications of utilizing
math
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in
this
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industry,
one
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can mention providing statistics, learning from them and predicting future scenarios, determining net profit for a certain amount of time, analyzing the
business
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's overall financial health, applying discounts and their effect on the revenue, etc. You
also
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may need to consider if you can afford to expand your
business
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. So, basic
math
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knowledge
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to understand these actions is of significant importance both for small
businesses
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and large.
However
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, some entrepreneurs do not have
math
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knowledge
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, but they do have successful
businesses
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due to employing accountants.
Although
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this
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is a solution, there are demerits to it.
Firstly
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, small
businesses
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and home
businesses
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are the results of
one
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or two people's ideas and a very small amount of money, so they can't afford an accountant.
Therefore
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, they need basic
math
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knowledge
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to avoid loss.
Secondly
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, in large companies, because the
business
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doesn't belong to them, they may mistreat it and lack accountability, or even worse, they may turn out to be con men and cause bankruptcy. So, with
math
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knowledge
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, the CEO can check their employees' jobs and avoid loss. In conclusion, to make better
business
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decisions and to check employees' jobs to avoid loss, I believe that
one
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needs to have
math
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knowledge
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to succeed in their
business
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.
Submitted by hongminh317 on

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    • Sentence 1 - Topic sentence
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