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.
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.