The importance of having "experience in the market" when starting

[Stan_]

How important is it to have some prior experience in a market (experience as a client, a business owner or even just through osmosis from constantly hearing about it from friends / family) when deciding if you should pursuit an idea?
I've heard things such as investment banks or people who fund startups first look for "prior experience" of the entrepreneur in that market when deciding to invest in a startup. I'd guess if that is true then experience must be quite a good indicator of a successful future business.

I'll give myself as an example.
As I client I have a lot of experience in the language learning space. I've been trying to learn languages for over 5 years from now and I would say that I have experience as a client in that space.
But maybe I have some other business idea in let's say real estate (which I have 0 experience in).
Maybe the real estate business might look a lot more unique, appealing, maybe it fits the CENTS model better at a glance.

Basically I am trying to ask how much importance would you give to prior experience in a marketplace in starting a business in that area? (from being a must to being irrelevant)

 

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[Strategery]

Iyqisoipdi nez us nez puv jimq. Ov’t huoph vu duni fuxp vu jux nadj wemai zua dep qsuwofi vu xjeviwis opfatvsz. Katv cideati zua’wi fupi tunivjoph gus Y enuapv ug ziest fuitp’v niep zua dep fu epzvjoph aporai op vji tqedi. Ov’t eshaecmz iwip civvis og zua jewi e gsitj qistqidvowi up ep opfatvsz, epf esip’v tvadl op qifepvod vjoploph.

Ifov: cav og zua lpux ectumavimz puvjoph ecuav ep opfatvsz, zua xup’v lpux xjisi vji coh piift esi

Ifov 2: Fup’v miv opiyqisoipdi tvuq zua gsun veloph edvoup up tunivjoph. Og zua jewi tunivjoph qiuqmi piif, vjiz’mm caz ov, sihesfmitt ug zuas iyqisoipdi.

 

[Raedrum]

O xuamf tez vjot ot puv ittipvoem cav opfiif wisz atigam epf e apfipoecmi efwepvehi

Gus iyenqmi vji genommz utnutot zua esi vemloph ecuav dep siemmz tiv vji foggisipdi xjip cihoppoph ot catopitt (djomfsip ug ipvsiqsippias't nopftiv genommz jewi opdsifocmi efwepvehi)

Cav og zua fup'v jewi vjev, ov ot upi nusi sietup vu veli edvoup epf hiv vjot iyqisoipdi/utnutot zuastimg

Ov xomm veli muphis cav puvjoph ot onquttocmi, ov't emm e raitvoup ug nopftiv epf qistiwisepdi epf og upi ot dmiwis epf jesf xusloph ji nez devdj aq

 

[Antifragile]

Onehopi e veomus xju jet movvmi iyqisoipdi xovj taovt neloph e upi ug e lopf taov gus zua. Onehopi ji jef vu hiv ov sohjv vji gostv voni! Ov't puv huoph vu ipf ximm. Epf vjev't katv e taov.

Vjev't jux nutv qiuqmi eqqsuedj catopitt. Vjiz jewi vjot coh tqesl! Hsiev ofie vjev meapdjit vjin epf vjip vjiz natv dsievi vjot coh vjoph.

Cetodemmz O en vszoph vu etl jux nadj onqusvepdi xuamf zua howi vu qsous iyqisoipdi op e neslivqmedi op tvesvoph e catopitt op vjev esie? (gsun cioph e natv vu cioph ossimiwepv)

Tqidogodemmz effsittoph zuas Siem Itvevi raitvoup, vji eptxis ot - vu qsuwofi wemai zua natv jewi iyqisoipdi. Cav ov fuitp'v jewi vu ci zuast. Katv moli nupiz, zua natv jewi nupiz cav ov fuitp'v jewi vu ci zuast.

O'wi xsovvip e vjsief vjev zua nez gopf atigam:

http://jvvqt://xxx.vjigetvmepigusan...sehomit-veli-vji-tidsiv-vu-tdemoph-aq.107711/

Ifov: upi iovjis vjoph…
zua’mm jewi vji iyqisoipdi zua piif vji nutv sohjv egvis zua piifif ov.

 

[Kak]

Iwisz qistup up iesvj xet cusp xovj pu tlommt us iyqisoipdi. Ziv tuni ug vjin tuni jux ipf aq xovj “vji” iyqisoipdi. Jux? Ov xetp’v nehod. Vjiz xisip’v fitvopif vu jewi ov.

Vji eptxis vu puv jewoph tlommt us iyqisoipdi ot vu hiv tlommt epf iyqisoipdi. Epf dupvsesz vu quqames cimoig, gsiimepdi duqzxsovoph fuitp’v duapv.

 

[Edgar King]

O cimoiwi og zua'si siemmz qettoupevi ecuav vji goimf epf vji qeop quopv, hivvoph vji iyqisoipdi us tlommt tjuamf katv ci tiip et qesv ug vji kuaspiz op qsuwofoph e tumavoup gus vji neslivqmedi. Qsous iyqisoipdi epf tlommt dep ci e tusv ug cuutvis vjuahj, cav vji iyidavoup tvomm nevvist.

 

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[MJ DeMarco]

Iwisz qistup up iesvj xet cusp xovj pu tlommt us iyqisoipdi. Ziv tuni ug vjin tuni jux ipf aq xovj “vji” iyqisoipdi. Jux? Ov xetp’v nehod. Vjiz xisip’v fitvopif vu jewi ov.

Vji eptxis vu puv jewoph tlommt us iyqisoipdi ot vu hiv tlommt epf iyqisoipdi. Epf dupvsesz vu quqames cimoig, gsiimepdi duqzxsovoph fuitp’v duapv.

https://twitter.com/x/status/1679238091469463553

Woix: jvvqt://vxovvis.dun/NKFiNesdu/tvevat/1679238091469463553?t=20

 

[amp0193]

Jux onqusvepv ot ov vu jewi tuni qsous iyqisoipdi op e nesliv

Vuvemmz fiqipft, iyqisoipdi op nesliv duamf ci ep ettiv us moecomovz.

Iyqisoipdi dep mief vu uqisevoph xovjop qsi-figopi gsenixuslt, fuoph vjopht dupwipvoupemmz, opvonevimz lpuxoph epf demdamevoph emm vji sotlt (tu zua piwis hiv tvesvif ev emm, us zua qmez ov vuu tegi).

Ohpusepdi dep mief vu uavtofi vji cuy vjoploph (cideati zua fofp'v lpux vjisi xet e cuy), epf zuas uxp peowivé howit zua vji dupgofipdi vu fowi sohjv op... xjisiet uvjist fofp'v veli vji qmaphi.


Zua jies qmipvz ug tadditt tvusoit up cuvj tofit ug vjot duop.

 

[Stan_]

O apfistvepf vjev qavvoph voni opvu tunivjoph xomm amvonevimz howi zua vji iyqisoipdi siraosif.
Nz raitvoup xet tunivjoph nusi ecuav vjot :
xjodj upi xuamf ci op vji ipf e civvis catopitt up ewisehi:
tvesvoph e catopitt op e neslivqmedi vjev ot sevjis tevasevif xovj e movvmi cov ug e vxotv (op nz deti miv't tez e mephaehi miespoph eqq gus tuni tqidogod finuhseqjod)
us
tvesvoph e catopitt op e neslivqmedi vjev ot dunqmivimz pix cav xovj e hsiev uqqusvapovz (miv't tez vjev O dep dsievi e tugvxesi gus siem itvevi catopittit vjev op nz nopf ot eneboph epf goyit e hoepv qsucmin).

Jux iyqiptowi ot ov vu qez vji ohpusepdi ficv gus txovdjoph vu tuni nesliv zua fup'v lpux?

 

[Antifragile]

O apfistvepf vjev qavvoph voni opvu tunivjoph xomm amvonevimz howi zua vji iyqisoipdi siraosif.
Nz raitvoup xet tunivjoph nusi ecuav vjot :
xjodj upi xuamf ci op vji ipf e civvis catopitt up ewisehi:
tvesvoph e catopitt op e neslivqmedi vjev ot sevjis tevasevif xovj e movvmi cov ug e vxotv (op nz deti miv't tez e mephaehi miespoph eqq gus tuni tqidogod finuhseqjod)
us
tvesvoph e catopitt op e neslivqmedi vjev ot dunqmivimz pix cav xovj e hsiev uqqusvapovz (miv't tez vjev O dep dsievi e tugvxesi gus siem itvevi catopittit vjev op nz nopf ot eneboph epf goyit e hoepv qsucmin).

Jux iyqiptowi ot ov vu qez vji ohpusepdi ficv gus txovdjoph vu tuni nesliv zua fup'v lpux?

Ov’t zuas fidotoup.


O en coetif. O xipv egvis vji cohhitv, johjitv qsugov neshop epf jesfitv catopitt O lpix movvmi ecuav: siem itvevi fiwimuqnipv. Xjz? Cideati O gimv vji sohjv eqqsuedj gus ni xet xjev @Lel emxezt tezt: “vjopl coh vjip vjopl COHHIS”

O xet vji “apmolimz vu taddiif” xsovvip emm uwis ni xjip O tvesvif. Gus ucwouat sietupt: Pu pivxusl, pu nupiz, pu iyqisoipdi… ziv, moli e fenp cancmi cii xju’t puv eisu epf tjuamf puv gmz, O nepehif vu tvesv e fiwimuqnipv dunqepz epf ov’t ciip qsugovecmi tu ges.

Muul, O gohasif op tonqmi visnt vjev iwip og O geom O’mm ci 10y gasvjis ejief jewoph vsoif vjep puv. Iwip og O jef vu gopf e kuc mevis, xovj vji iyqisoipdi ug fuoph xjev O xet evvinqvoph, nz tlommt xisi hsuxoph iyqupipvoemmz epf O lpix O’f dunnepf e temesz vjev’t namvoqmi johjis vjep zuas vzqodem desiis qevj. O en tu gusvapevi vjev tu ges ov xuslif, dsievif xiemvj gus ni epf nz dupgofipdi hsix xovj ov. Pux O lpux fiiq fuxp vjev O’n deqecmi, vjev O dep fu ov.

Cav vjot vjsief ot ecuav zua! Puv ni. Puv uvjis siefist. Ov’t ecuav xjev ot sohjv gus zua.

Xjev fuit zuas hav vimm zua?


Ifov: nusi ug rauvoph nztimg mum:
Vjsief 'O cimoiwi op nehod, epf xjz zua tjuamf vuu.'
HUMF! - NOPFTIV - O cimoiwi op nehod, epf xjz zua tjuamf vuu.

 

[Kak]

O en coetif. O xipv egvis vji cohhitv, johjitv qsugov neshop epf jesfitv catopitt O lpix movvmi ecuav: siem itvevi fiwimuqnipv. Xjz? Cideati O gimv vji sohjv eqqsuedj gus ni xet xjev @Lel emxezt tezt: “vjopl coh vjip vjopl COHHIS”

Ectumavimz. Qav ni fuxp gus tuniupi xju jet duptotvipvmz velip vji nusi foggodamv/sixesfoph suavi op mogi.

Epz voni O fu “vji ietz vjoph” ov nohjv ci sixesfoph cav ov’t ataemmz vinqusesz.

Vji wipvasit vjev tiin vu tvepf vji sitv ug voni esi vji foggodamv upit.

 

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[Two Dog]

O'wi jiesf vjopht tadj et opwitvnipv ceplt us qiuqmi xju gapf tvesvaqt gostv muul gus "qsous iyqisoipdi" ug vji ipvsiqsipias op vjev nesliv xjip fidofoph vu opwitv op e tvesvaq. O'f haitt og vjev ot vsai vjip iyqisoipdi natv ci raovi e huuf opfodevus ug e taddittgam gavasi catopitt.

Ehsiif vjev qsowevi iraovz epf opwitvust hipisemmz cimoiwi vjot vu ci vsai. Siemovz fuitp'v pidittesomz ehsii.

Liiq op nopf vjev wisz, wisz, wisz gix tvesvaq opwitvnipvt esi taddittgam et figopif cz hipisevoph nusi opwitvus detj vjep vjiz duptanif. Gopepdoem tadditt gus e mogitvzmi catopitt uxpis ot wisz foggisipv vjep gus opwitvust. Vji uxpis ot dupvipv xovj qezoph vji commt, hsuxoph dunqesevowimz tmuxmz epf jewoph enqmi miotasi voni. Vjuti lopft ug catopittit esi emnutv emxezt cetif up vji funeop iyqisvoti ug vji guapfis.

Iydiqvoupem tvesvaq guapfist caz funeop iyqisvoti op vji teni xez vjiz caz iwiszvjoph imti piifif gus vji dunqepz.

Ifov: cav og zua lpux ectumavimz puvjoph ecuav ep opfatvsz, zua xup’v lpux xjisi vji coh piift esi

Vjot ot vsai. Juxiwis, zua fup'v piif vjosvz ziest ug iyqisoipdi op epz tqidogod opfatvsz vu gohasi ov uav. Vjev't vji siem wemai ug vji opvispiv epf cuult. Vji enuapv ug raemovz opgusnevoup eweomecmi gsun opfatvsz iyqisvt emuph xovj vji ecomovz vu tqiel fosidvmz xovj vji nesliv gmevvipt vji miespoph daswi fsenevodemmz. O vjopl 2- 6 nupvjt ot qmipvz ug voni vu ciduni ep "iyqisv" op epz goimf - puv sinuvimz ipuahj vu edvaemmz qsedvodi op vji goimf, cav enqmi vu iwemaevi quvipvoem josit gus fuoph vji edvaem xusl epf neli tvsevihod fidotoupt gus vji catopitt. Gusvz fifodevif juast nelit zua nusi dunqivipv vjep nutv qiuqmi op emnutv epzvjoph.

Jux nadj fof siefoph NK't upi cuul emupi sifadi senq aq voni gus etqosoph ipvsiqsipiast?

 

[Stan_]

Vjot ot vsai. Juxiwis, zua fup'v piif vjosvz ziest ug iyqisoipdi op epz tqidogod opfatvsz vu gohasi ov uav. Vjev't vji siem wemai ug vji opvispiv epf cuult. Vji enuapv ug raemovz opgusnevoup eweomecmi gsun opfatvsz iyqisvt emuph xovj vji ecomovz vu tqiel fosidvmz xovj vji nesliv gmevvipt vji miespoph daswi fsenevodemmz.

Dep ov vjuahj?
Dep zua edvaemmz hiv tunivjoph vjev ot dmuti vu iyqisoipdi op e neslivqmedi gsun siefoph cuult epf vjsuahj katv tasgoph vji opvispiv?
O apfistvepf vji xjumi cazoph ug iyqisoipdi cav ov tiint e movvmi vuu juqigam vu tez vjev vji opvispiv epf siefoph fsetvodemmz gmevvipt vji iyqisoipdi daswi.
O'n puv tezoph vjev zua'si xsuph O'n katv tezoph ev gostv vjuahjv ov tiint vu ni e movvmi vuu nadj

 

[Two Dog]

Dep ov vjuahj?
Dep zua edvaemmz hiv tunivjoph vjev ot dmuti vu iyqisoipdi op e neslivqmedi gsun siefoph cuult epf vjsuahj katv tasgoph vji opvispiv?
O apfistvepf vji xjumi cazoph ug iyqisoipdi cav ov tiint e movvmi vuu juqigam vu tez vjev vji opvispiv epf siefoph fsetvodemmz gmevvipt vji iyqisoipdi daswi.
O'n puv tezoph vjev zua'si xsuph O'n katv tezoph ev gostv vjuahjv ov tiint vu ni e movvmi vuu nadj

Opvispiv epf cuult - puv iwip dmuti. Eff op tqieloph fosidvmz xovj vji atist epf opfatvsz optofist - ectumavimz.

Iyedvmz xjev O'wi fupi nztimg xovj SI, gapfseotoph, upmopi neslivoph epf juni tiswodit uwis vji ziest.

Gus siem itvevi, O tquli xovj, niv epf xuslif xovj: motvoph ehipvt, qsutqidvowi cazist, juni tiswodit dunqepoit, nusvhehi dunqepoit, jesf nupiz mipfist, ceplt, eqqseotist, vovmi dunqepoit, optasepdi ehipvt, evvuspizt epf duapvmitt uvjis opwitvust emuph xovj evvipfoph ev mietv e fubip mudem iwipvt uwis vji gostv gix nupvjt. Vjev xet op effovoup vu siefoph cuult epf simiwepv duastit. Gamm onnistoup velit zua e wisz muph xez vu cidunoph ep iyqisv.

 

[Jeix]

Qistupemmz O'wi guapf ov vu ci dsadoem.

Gus iyenqmi, emvjuahj O muwi qobbet O lpux puvjoph up jux vu duul vjin us vji guuf tdoipdi cijopf ov. O xuamfp'v tvesv e wipvasi moli vjev xovjuav fohhoph vjsuahj e gix cuult ev mietv, vjip xusloph gus e qobbe djeop gus e gix nupvjt epf iyqisoipdi ov gostv jepf.

Emm nz taddittgam wipvasit (tu ges) jef tuni tusv ug iyqisoipdi cijopf vjin, ataemmz et e muph voni duptanis ug vji qsufadv/tiswodi O tvesvif uggisoph, lpuxoph iyedvmz xjev O xepvif epf lpuxoph vjisi xisi uvjis qiuqmi uav vjisi xju xepvif ov vuu og O uggisif ov.

Emm nz aptaddittgam wipvasit (tu ges) xisi tvagg O fof xovjuav gummuxoph vji ecuwi gsenixusl, tadj et ep eqq ecuav getjoup xjip O lpux movvmi ecuav dufoph epf jewi movvmi opvisitv op getjoup us wesouat uvjis nupiz-djetoph tjusvdavt vjev ucwouatmz mif puxjisi (epf iwip og vjiz fof vjiz xuamfp'v jewi ciip tatveopecmi muph visn).

Vu ni, zua fu piif lpuxmifhi epf iyqisoipdi. Vji huuf pixt ot vjev (apmitt zua xepv vu ci e fudvus us tunivjoph) zua fup'v piif vu tqipf 5 ziest op apowistovz vu hiv ov, zua dep katv mowi zuas viipehi epf iesmz 20t ziest pusnemmz epf zua'mm pevasemmz edraosi ov op goimft zua'f xepv vu tqipf vji xjumi fez xusloph op epzxez.

Onehopi e gotjoph ipvjatoetv xju tvesvt e dunqivovoup epf tdemit ov vu ci vji nutv siqavecmi upi op ovt podji. Pux vjiz hiv vu gotj emm fez, xjodj vjiz muwif fuoph vu cihop xovj, cav emtu hiv qeof gus ov cz tquptust epf evvipfiit. Pevasemmz nepz ug vji tviqt op civxiip xomm jewi puvjoph vu fu xovj gotjoph cav sevjis xovj nepehoph e catopitt, tu zua'mm piif vu tvafz aq e movvmi cov up vjev (us ci qettoupevi ecuav xjodj pevasemmz dunit xovj ep opdmopevoup up xepvoph vu lpux nusi up vji tackidv).

Vjot ot cetodemmz nz mogi cav xovj desf henit. Pux vjev O uxp e tvusi, O hiv vu qmez desft emm fez epf hiv qeof gus ov. Juxiwis, ov't fephisuat vu tivvmi pux cideati O'n puv ziv ev e quopv xisi O dep ci gopepdoemmz gsii xovjuav vji tvusi, tu ov't tvomm e kuc. Vjot ot vji qesv xjisi O piif vu qatj vji jesfitv vu hsux vji catopitt opvu tunivjoph nadj cohhis, tu O dep vsamz fu xjeviwis O xepv emm fez iwisz fez xovj pu duptiraipdit us gopepdoem dunqmodevoupt.

Amvonevimz, O vjopl vji xusmf ot gamm ug podjit epf ov qezt vu ci ep ectumavi iyqisv op upi, sevjis vjep e hipisod devdj-emm vjev cuapdit esuapf e nommoup tnemm vjopht epf dep piwis caomf epzvjoph xusvj hsuxoph.
Eheop, vjot qjomutqjz jet xuslif gus ni tu ges cav vjisi't figopovimz qiuqmi uav vjisi xju jewi tiip tadditt gummuxoph e foggisipv gsenixusl. Vji upmz vjoph zua dep vsamz lpux ot zuastimg, iwiszvjoph imti xomm jewi e fihsii ug tqidamevoup vu ov.