Business sense

I always read about people having good business sense. These people appear to just know if a certain thing is a good investment, how to steer business deals in their favor, etc.

How does one go about developing this fabled business sense? Any good books on the subject?

I think experience is maybe the first thing on the list

I think business sense is just developed over time. One of my favorite reads has always been Dale Carnegies: How to win friends and influence people. It shows how great customer service and seeing things from others perspective can make you a better person and businessman.

Not so sure about the books. But I believe it is gifted. Many Uni dropout like Bill Gates, Steve Jobs, Mark Zuckerberg... and many more did very well as compare to ALL their college peers.

I have always thought it was something that was gifted.

I know people who have gone through years of schooling but honestly can not make money unless they have a boss telling them what to do. These are the type of people who work extremely hard, but without someone telling them what to do they would be helpless. I would say this is a large portion of the working population.

On the other hand, those who drop out or don't do well in a formal education I find often have a better sense of making it on their own and having a better sense of business and making money.

Not sure, that is just how I find it.

You have got to be in there doing it because like in life you live and you learn...

Believe me it is great to find out what went wrong, because winners make sure they do not do that again...

Agree with most of the above. Good business sense is similar to common sense.

Not something you learn from a book.

You will learn from actually doing things not reading self help books (99% of which are rubbish).

Read a few autobiographies of successful people.

Business Sense? Honestly, it's 10% luck and 90% experience. The names listed above (zuckerberg, gates etc) just had luck, plain and simple. The rest out there have founded 10+ companies, lost 9 and learned their lesson! My first 2 companies crashed... why? Because I had the idea but no experience in founding a company, taxes, listings etc... The only thing I regret about it, is that I didn't start out earlier! Plain and simple