People advice me to just go ahead and do businesses and learn from the mistakes, I think it’s just plain stupid to invest on things where I don’t even know who I’m going sell products to. What is your opinion about this?
YES! Market researcher here. Always do your work to understand potential customers and the market beforehand.
I have seen too many people create with no idea who they would sell to! Like their customers were suddenly going to appear out of thin air. Don’t waste your time and energy with ‘hit and miss’.
SO many people on these subs complaining they can’t get work, leads or customers, but they didn’t even check if anyone was interested.
Can’t help them at that point…
I don’t think people mean to blindly start a business that you have no idea about. What they mean is that you can never have all the answers and so you just need to start and figure out stuff along the way. It doesn’t matter how old a business is, you’ll still have new issues to deal with. It’s impossible to know everything before you start. There is always risk involved. It’s up t you to minimize that risk as much as possible by being well-prepared.