If one is to go into a specific line of business. Does one need to get experience in that specific business line or you can transfer your experience from other business knowledge to the business you want to start?
Do you need a specific business experience to start the business
- Thread starter Augusta
- Start date
- Joined
- Sep 25, 2023
- Messages
- 25,806
- Reaction score
- 2,261
- Trophy Points
- 147
- Location
- Philippines
- D Bucks
- 💵8.495450
- Referral Credit
- 100
Fo me , experience is not needed because that happens to me. I don't have experience in a business selling milk tea. I believe it also follows to others as long as there is confidence and capital.
I think so too you know some people have also succeeded in a business they never had the slightest experience with.
- Joined
- Sep 25, 2023
- Messages
- 25,806
- Reaction score
- 2,261
- Trophy Points
- 147
- Location
- Philippines
- D Bucks
- 💵8.495450
- Referral Credit
- 100
That's right but others like security so they approached a skilled business operator to get ideas on how to operate a business first time.
- Joined
- Oct 3, 2023
- Messages
- 7,484
- Reaction score
- 558
- Trophy Points
- 7
- Location
- Philippines
- D Bucks
- 💵2.384113
- Referral Credit
- 0
I do not believe it is necessary, but it is advantageous. Hehe. I know many successful people despite having no prior experience managing a business.
- Joined
- Sep 25, 2023
- Messages
- 25,806
- Reaction score
- 2,261
- Trophy Points
- 147
- Location
- Philippines
- D Bucks
- 💵8.495450
- Referral Credit
- 100
I don't have experience in big business. I only experienced a small one which was selling candies when I was 11 years old. I have a business now that I never thought it would happen considering no experience of it which is milk tea selling business.
eLdavis
Media Lab Marketing Team (Digital Promoters)
Staff member
Digital Promoter
Gold Supporter
Literary Virtuoso
Registered Member
- Joined
- Sep 21, 2023
- Messages
- 11,991
- Reaction score
- 847
- Trophy Points
- 0
- Location
- Nigeria
- D Bucks
- 💵13.025125
- Referral Credit
- 0
It depends on the kind of business though, there are some that does not need experience, but having one would be an added experience for you. Then there are other businesses where experience plays a major role.
- Joined
- Sep 25, 2023
- Messages
- 25,806
- Reaction score
- 2,261
- Trophy Points
- 147
- Location
- Philippines
- D Bucks
- 💵8.495450
- Referral Credit
- 100
We can also learn through our own experiences, which is why, there is no such word as fear in business because of lackness of skills. We can gradually acquire it through practice.
Of course yes. Some kinds of businesses would require the managers to have special skills to operate the business like the animals veterinary services for that matter.
That depends on what kind of business you are going to start. For a general small business, I do not think it is necessary to have much experience. You need passion, persistence and basic marketing and financial knowledge. But if you start a technology business, you may need specific experience in that particular field.
It is important to have a certain level of experience before you start a business. It is that experience that would help you to navigate challenging situations in business.
You need a specific experience in that business line to do well in that business. Experience in business generally is on its own and experience in that business line is on its own.
No matter how we want to look at it. it is always good to have a stint of experience on a business before starting
I do not think so. As long as you know the basics, you can start any business you are interested in.
Every business has it's own technicality that you must know about and master in order to successfully manage the business.
I would advocate that one has deep knowledge about a particular business before they start it. Even if you have people to guide you, know it for yourself. People can be dishonest at times.
