Questions

Yes. If you take a look at the fortune 500 list, there are some that have inherited their wealth. But the majority are self-made entrepreneurs. And no one is born with knowledge and experience of a business. If you were fortunate enough to be passed down a family business, then you might learn it at an early age. But most self-made people have to learn it when they start the business. Or they find some way to leverage their existing experience into a related business.

At the same time, if you have no money and no experience, it's going to be much much harder for you to get your business started than someone that has those things. You will have to work much harder, learn faster, work later, be smarter, have a better plan, and invest much more of your time in making it work. It's vital to have a realistic plan before you start. So I recommend that you really take the time to do your homework before starting your venture. Good luck!


Answered 10 years ago

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