1.5 Evaluating Your Experience

Successful entrepreneurs build on what they already know. The best ways to know an industry well are to (1) work in that industry, (2) work in a related industry, and (3) frequently use the products and services of the industry. However, you can gain a great deal of knowledge and understanding of a particular industry through serious study and asking lots of questions. In the end, you need to have the credibility to build a business in the industry. The questions below will help you explore your experience relative to the concept you are pursuing.