How important is experience when establishing a business.

[Mikes smithen]

Being experienced in business or in a particular business venture that you want to establish is absolutely important if you want to remain in such business category for a long period of time. Majority of business owners today do not have reasonable amount of experience concerning the business that they have established and that is why from time to time there are plagued with so many business difficulties and negativities which always results to business tearing down or business collapsing.

If you want to establish a particular business the first and foremost question you need to ask is "how far am i experienced in such business"?. If on a scale of 1 to 10 you see that you are on the lower side then it is important that you learn about the business first in order to become successful on it.

 

[Axis]

Experience plays a very important role when it comes to business establishment and management. And inexperienced business manager or business owner will not be able to pivot a business in the right direction and most of the times each action taking by these business manager may not always lead to better results but rather failure due to his or her inexperienced nature and mindset. On the other hand when a business owner is experienced he or she will be able to engage in various business risk which of course lead to better results.