John has come to you for advice on starting a business venture.He wants to know the best way to gain the experience he'll need.You suggest that he:

Question

Quizplus · Accepted Answer

The best way for John to gain experience in the field he wishes to enter is by working for another firm. He can learn about the industry, the market, and the challenges by observing and being a part of an established organization. This way, he will also learn from the mistakes made by others and can avoid making those mistakes on his own when starting his own business venture. Reading a business book or returning to school may provide some theoretical knowledge, but hands-on experience is crucial for success in entrepreneurship. Just jumping in and learning as he goes may be risky and result in costly mistakes that could have been avoided with some prior experience. Therefore, working for another firm is the best choice for John to gain the necessary experience.

John Has Come to You for Advice on Starting a Business