Thursday 25 November 2010

WHAT IS BETTER, PASSION OR EXPERIENCE?

Lord Alan Sugar
To start up a business, which is more important ingredient for a successful business to flourish?, Passion or Experience?  


Wikipedia defines passion as an emotion applied to a very strong feeling about a person or thing, an INTENSE EMOTION, compelling feeling, enthusiasm or desire for something. A person is said to have a passion for something when he has a strong positive affinity for it.  Love and Passion for something are often used synonymously. 


Experience on the other hand is defined as a general concept that comprises of knowledge of or skill in or observation of something or some event gained through involvement in or exposure to that thing or event.  People who have gained enough experience in your field of work, are often referred to as experts.


*Do they carry same weight, is passion as good as experience? 
*Can a person reach the same result by having either or is one likely to be better at reaching the final result? 


Take for instance Mr A, who opens a Barber shop because he actually loves cutting hair and thinks that he can earn a earning out of Passion. His passion to barb is an emotional force that opens his mind to every aspect of cutting, so, he will seek out answers to questions, make and challenge every negative situation - even when all logic tells him to give up.  His passion is the life-blood of the business so he will make his decisions based on his gut feelings and intuition.







Miss B on the other hand opens an estate agent business because she has a 5 year experience working with an estate agent. Out of an experience from the past, Miss B amassed knowledge which forms the basis of her instinct to make future decisions and directions.  It does not always determine that it is right or they any good, it just means that Miss B has spent a lot of time doing it.


So what happens when after both Mr A and Miss B both become successful in their fields?


Often times, Mr A and others who started their business out of love usually continue in the field while Miss B and similar business owners often venture into other line of business out of either achievement, success boredom or even business going out of "fashion"  


Having both passion and experience is a starting point and ingredient for a successful business.  Ask yourself if whatever business you are hoping to venture into is worth your time and effort and not just because everyone around you is going into it.  However, in the absence of both, either one is better than none.


written by Chantle White



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