Do I Need To Have Experience Before I Can Start A Business?

Augusta

VIP Contributor
For me the role of experience can't be overemphasized in a business especially if one is just starting out. It is almost same in almost all spheres of life you can't compare the output from a novice and one doing the same thing but has the experience. The difference will be clear because the experienced will give the best. Same is applicable in a business, a novice at a business can't outdo one with experience.

one with experience in the business will avoid some mistakes that the novice in the business might have not known and wasn't even expecting it.

Another advantage of having experience is that you would have reduction in expenses because you would know something you wouldn't need to buy or acquired for the business. infact with experience you would know the total number of people you might need to employ for your business.

With experience in a business, you would have a lesser chance at failure, because you would have known what would work and you give it a shot and leave behind whatever will not work for the business. it can be depressing and totally demoralizing if you fail at your dream business but with experience you have a fair chance at success.
 

Jasz

VIP Contributor
The short answer is no, you don't need experience to start a business. But the longer answer is that you may need some experience before you can successfully start a business.

The first thing to consider is what kind of business you want to start. If it's something that requires a lot of technical know-how or special skills, then starting without any experience might not be a good idea. For example, if you want to open an auto repair shop, it might be best to get some training in auto repair first so that you're ready for whatever comes your way.

However, if you want to start a business like selling flowers or clothes online, there are plenty of ways for someone with no experience at all to get started—and succeed. You can read about how other people have done it and learn from their mistakes and successes. The internet has made it easier than ever before for anyone with an idea or dream to make it happen. Whatever the case may be, we can gain experience in so many ways, even during the course of running your business. This kind of experience can be costly, but it surely sink well into us.
 

Yusra3

VIP Contributor
You do not necessarily need experience before starting a business. While experience in an industry or running a business can be very helpful, it is still possible for first-time entrepreneurs with strong business ideas, execution plans, and willingness to learn on the job to succeed. The most critical elements are researching your market, understanding regulations, finding good advisors, planning finances responsibly, and providing a product or service with demand. Ultimately drive, effort and rapid adjustments tend to trump pure experience alone.
 
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