Prior Experience in Entrepreneurship

Cite this article as:"Prior Experience in Entrepreneurship," in The Business Professor, updated July 9, 2014, last accessed June 7, 2020,
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Prior Experience and Entrepreneurship
This video explores whether prior experience is necessary to become an entrepreneur?

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Prior Experience in Entrepreneurship

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.

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