Knowledge is bright they say, in whatever business that one wants to venture into, one or two knowledge needs to be gathered before making a move to start up any business. Starting up a new business is highly risky. Though it's very important for someone to have positive mindset towards the business that one is starting but on the other side one needs to take into consideration the risky part of any business. All businesses are attached with its own risk, no business is 100%.
Bearing the risk knowledge in mind helps to have basic ideas about the business that you are starting up. No business is risk free, having risk knowledge about the impending business helps to open our eyes concerning such business. Moreso, having business knowledge helps you on how you structure your marketing strategy, like when and how to starting marketing before selling to customers.
Furthermore, your business knowledge in-depth ideas about the direction your business will take in terms of innovation, pattern of sales, customer relations, record keeping, rapport with your employee if necessary, marketing strategy and what have you. In whatever business, having little or more business knowledge about knowledge of the business shouldn't't be underestimated.
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Also thanks to @balte , @schlees and @satren for their upvote. I really appreciate.