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Business strategy
Any risk in starting up a business without experience
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[QUOTE="Kendy, post: 220214, member: 63869"] The risk attached in setting up a business without a prior experience could be likened to hitting the road with a car when you have not had a driving experience. This would indirectly mean that you're either on a suicide mission, perhaps you might be on a high drug dose or you might be mentally unstable. In business, it is not possible for you to have all the needed experience because even professionals in the field are still in the process of learning but at least you should be able to know the basic requirement in setting up a business and managing it skillfully. A business cannot thrive without knowledge and experience. Imagine starting a poultry farm without even knowing the necessary requirement in keeping the chickens warm, especially on the first day which you were supposed to put on the lights so that they could be warm, then for a novice who has no idea would not even care about this fact and the following day all the chickens might be found dead and he would start blaming it on the products or the company where he had purchased the chickens. Experiences is of essence and at times, these experiences does not have to come directly from your dealings, it could be from the experience of a third party. [/QUOTE]
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