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I ended last year with a list of ten things I believe every hopeful entrepreneur must consider before starting a business venture, and I mentioned I might expand on each during the course of this year. Well, I woke up this morning, and decided to start. The first item off that list is Industry.

It is usually not a bad idea to start your first business in a field that you’re comfortable, or at least, conversant with. It should be an industry that you have the necessary skills for and/or sufficient experience in. This is important because, sometimes, knowledge is all you need to excel. Bill Gates, Michael Dell, Mark Zuckerberg all focused on the Computer Industry, and are wildly successful. You also exude more confidence during networking and presentations because your business evolves around your area of expertise.

However, don’t think there won’t be mishaps though. You will make mistakes as you learn the ropes of business and entrepreneurship. Some may be devastating, and others may be minor, but you’d agree it’s better you don’t make them in unfamiliar territory.

  1. Nelson
    September 7, 2014 at 12:13 am

    I agree, and by the way, you inspire me../

    • Mr. Kay-Adade
      September 7, 2014 at 2:25 am

      Thanks a lot Nelson, I’ll try not to disappoint you 🙂

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