Comment on Experience or Ability – Which is More Important? by Financial Slacker.
I do agree. Without a strong foundation of skill and potential ability, experience is not enough.
But I like what you said about having someone with experience to develop and guide someone with ability but lacking experience.
Financial Slacker Also Commented
Experience or Ability – Which is More Important?
That’s a great point, FTF.
Drive, a strong desire, perseverance – whatever you call it – is an attribute that may be even more important than ability or experience.
I appreciate you commenting.
Experience or Ability – Which is More Important?
Overly aggressive expectations is one of the big reasons things go bad at LBOs and I’m thinking the same applies to startups.
When I worked at a firm that went through an LBO, the deal was structured with high levels of debt and growth requirements that weren’t realistic. Luckily our investor group was open to renegotiation as we had to go back several times. Of course, you give up something every time.
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Thanks for stopping by and commenting, ZJ.
It has taken me 20 years to get to that point where I only take on the business that I choose. In additon to getting to a financial place where I can be selective, I’ve spent a large portion of that time figuring out what it is I want to do and what type of client I want to work with.
I wish you the best in your journey.
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Thanks for stopping by and commenting, Sam. I always love your perspective and your words tend to get me thinking.
I haven’t been away from the corporate world quite as long, but after over two years away, I am starting to gain confidence in this new lifestyle. It has taken me a while as the corporate life was what I knew for 20 years. And in that world, your schedule and priorities are mostly dictated by the company you work for.
But when you’re on your own, you start realizing that the best person to rely on is yourself.
Thanks again.
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That’s the decision we all make whether it’s intentional or not. Freedom in the future or discretionary spending today.
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Thanks, ATL.
As difficult as I find it to describe what I’m doing, it’s better than the alternative.
