BusinessStarting a New Venture
#RI-69b39edf·5 months ago·
4
“Starting a perfume business with no industry knowledge”
What Actually Happened
I invested time and money into a business I knew little about, which led to significant setbacks and financial losses
What I wish I knew
"I wish I had more experience in the industry before starting my own business"
Advice to Someone Facing This Now
If I could tell you one thing
"Do thorough research and gain relevant experience before venturing into a new business"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
Business Category
518
Business decisions logged. Avg regret 4.8/10 across the category.
Same Outcome Band
28%
of Business decisions land in the severe band the same as this one.
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