Experience is a Valuable Commodity in Business

Posted: March 10th, 2014 | Author: Dan Zimanski

You can read every book available and take every course offered covering your chosen career field, but nothing will prepare you for the real world quite like getting out there and living in it. There are many different lessons that you can only learn from personal experience.

Calling Upon Past Experiences when Moving Forward

The more experience you have, the more valuable information you have at your disposal. When it comes time for you to make a challenging decision, you can think back to similar circumstances to determine your best course of action. You already have a rough idea of what will lead to the most advantageous outcome, because you’ve been here before.

This does not mean that you necessarily never try anything new. However, because of your past experiences, you have a better idea of which ideas and strategies do not work. You can save time and reduce your risks by avoiding mistakes that you have made before or that you have seen others make.

What to Do if You Do Not Have Experience Yet

One of the main problems with experience is that it is not something that you can just instantly get. By definition, experience comes with time. You only gain it through trying new things and working hard for many years.

So, what can newcomers do who want to have experience now?

They must rely on the guidance of those who are experienced. As Richard Branson, founder of the Virgin Group, explains, sometimes you have to surround yourself with mentors who can give you good advice. Even if you think you have the greatest business idea of your generation, there are always new and valuable things that you can learn from those who have come before you.

To illustrate a point, I recently met with a client who had just returned from an industry conference with pages of notes and handouts from well meaning speakers trying to help them improve their business.  With calls to make, bills to pay and problems to solve, this client was wondering where he would find the time to try and distill the volumes of information down to something he could actually put into use.

Does this sound familiar to you?

Our job as coaches is to help distill all of the theoretical, best practice type information down into a concrete business plan that will have a measurable impact on your business.  We do this either via group coaching or in our one to one coaching.

What Are the Benefits of Working with an Experienced Business Coach?

Entrepreneurs and business managers who choose to accept the guidance and support of business coaches enjoy many different advantages, including:

  • Knowledge – If you want to innovate within your industry, you must be aware of its history and where it is now in order to identify methods of improvement. An experienced coach can pass along the industry knowledge you need to create a strong foundation upon which to build.
  • Perspective – It is easy to develop tunnel vision when you are the main catalyst building and working in your own business without a lot of outside input. An experienced outside perspective can help you see your business the way that potential customers and partners see it. The perspective of someone with a lot of industry experience can be especially valuable because they can typically tell you if you are making any mistakes that other business leaders in your industry have made.
  • Brainstorming – Your coach can act as a valuable sounding board off which you test ideas. You can work through half-formulated strategies, growing them with the help of someone who is very knowledgeable and familiar with your work.
  • Contacts – When gaining experience, you also gain connections and expand your professional networks. If you choose to surround yourself with people who are highly experienced, you can also be introduced to many of their business contacts, which can be very important to your business in the future.

Always Look for Ways to Gain Experience

In addition to working with experienced people, and learning from them, always look for ways to improve your own experience. You naturally gain experience just from working and advancing your career, but there are ways that you can make your time more meaningful.

Always be willing to try new things and learn new skills as you work. The more you expand your knowledge, the more valuable you will be to yourself and others.