Im terrible at maths and have failed many interviews because of it however, i am a born entreprenuer. hmm.
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June 23, 2009 at 9:24 pm
It’s not totally necessary if you can hire someone you trust to do the math for you. However, you should know the basics – addition, subtraction, division, multiplication.
And – hire an auditor to check your math person. Don’t trust them too much.
June 23, 2009 at 11:33 pm
I can’t think of any reason that you should have to know math to run a business. Unless of course you needed to know how to do a percentage markup or multiply the number of units by the cost or selling price. If you won’t need to figure any sizes or sales tax, math ignorance should not be a problem.