Prior Experience in Entrepreneurship - Explained
Is it Necessary to be an Entrepreneur?
Written by J. Mance Gordon
Updated at April 21st, 2024
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Do you Need Prior Experience to be an Entrepreneur?
Prior experience or knowledge of the entrepreneur is a heavily studied characteristic in entrepreneurial behavior. Startups frequently emerge from entrepreneurs with lots of acquired knowledge or experience within the subject field. Prior experience helps one to understand the opportunities that exist. The entrepreneur is more familiar with the needs and wants that exist and more apt to identify and recognize an opportunity to that meets those needs or wants.