Benefits of having experience before starting a business

[IB D]

Never you start a business as a novice unless you would face technicalities that can make you lose so much. It is always best to find a place and understudy before setting up your own.

 

[Hate2Wait]

In every field, we need to have the experience to make good decisions but that does not mean we cannot work and make decisions without any experience so we need to feel confident and work

 

[Starmix]

One can prevent a business failure if having sufficient experience and skills in operating a business. It's risky if immediately jump into an idea or opinion that you can make it with or without experience.

 

[Hate2Wait]

Experience does help any day in life because when you are experienced you will feel more confident and that does help you in making better decisions and other important decisions in business.

 

[Niyi Briggs]

Experience does help any day in life because when you are experienced you will feel more confident and that does help you in making better decisions and other important decisions in business.

Experience would make any challenge not knock you off balance in business. You would be able to be calm and tackle it because it must have been something that you must have handled before.

 

[Hate2Wait]

I can imagine those that have a wealth of experience does really well in business and that's why most businesses hire a Senior manager or someone from board of directors that have years of experience gets involved in decision making

 

[Heatman]

It does help but we cannot learn everything from Google and I feel Google is not 100% and lack personal touch

There are some businesses that you need practical lessons before you can actually be able to succeed in it which is why everything cannot be done online.

 

[eldavis]

Yes, it can be gained by working in the same industry and dealing in the same market.

yes, this is why most people are adviced to work under someone first for some time before they think about starting up their own business. Working under someone would give you the needed experience.

 

[Hate2Wait]

These days you can do everything with money and this is why big business houses appoint experienced Chief executive officers and they have years of experience in the business so that helps them

 

[Niyi Briggs]

If your CEO tends to know that you don't have an idea of what is going on in the business, and he wants to let go his morality for a second, he would plunder your business deeply and you won't even know that your business is being run to the ground.

 

[Heatman]

Yes, it can be gained by working in the same industry and dealing in the same market.

Yeah, that's very correct! When you're involved in a particular sector for a very long time. You will have the knowledge you want.

 

[eldavis]

Yes, it can be gained by working in the same industry and dealing in the same market.

Yes, what many fail to understand is that the experience gotten from where you have worked before is the same experience you would use to run and manage your own business in the future.

 

[Etini Willie]

Yes, what many fail to understand is that the experience gotten from where you have worked before is the same experience you would use to run and manage your own business in the future.

It is so true that people should work for other organizations for a while before starting their own businesses even if they have ready capital m That's where you build the experience on resources and man management that you would apply to your own business

 

[olaniyi]

Normally it good to have expected in any business you want to invest on so that you won't be running at loss like to know when to buy and when to sell to get high profit

 

[SHAHID987]

As I have experience of running a general store, when I start my own Medical store then it will be practical supportive to me in so many aspects. As how to deal with customers, how many types of them. Plus where to start this new business and how to deal with supplier.

 

[eldavis]

Normally it good to have expected in any business you want to invest on so that you won't be running at loss like to know when to buy and when to sell to get high profit

Very true, speaking from experience, I have lost out on so many businesses and investments today simply cause I did not have the needed experience to run them perfectly and make my profit.

 

[cherry123]

To run a business and have experience it is good for people to work for other organizations for a while before starting their own businesses to build the experience on management that you would help one run the business

 

[Starmix]

In my case, I have no experience before deciding to operate a milk tea business. It is just a matter of guts and willingness to be trained. Also, if there is a ready capital , one can land a business with or without experience.

 

[eldavis]

In my case, I have no experience before deciding to operate a milk tea business. It is just a matter of guts and willingness to be trained. Also, if there is a ready capital , one can land a business with or without experience.

Yes that's true, though I think it also depends on the kind of business you are into. For example someone who wants to to start a business related to health, needs to have some level of training and in some cases certifications before they can operate.