15
Apr

Start-Ups: Can We Succeed Without Experience? 

The most successful start-ups have been created by experienced entrepreneurs. As for the youngest, it is in their interest to look for a part-time interim manager, who will bring his knowledge and allow them to benefit from his network. 

The image of the very young start-up creator, anchored in many minds, is not accurate. In France for example, the average age of a business creator is 38 and a half, according to statistics compiled in 2016 by the Ministry of the Economy. An American study (Age and High-Growth Entrepreneurship, published in 2019 in the American Economic Review) shows that the creators of the most successful start-ups were 45 years old. “The neo-entrepreneur is someone who already has great experience behind him and who finds a niche in a profession he already knows,” analyses Patrick Abadie. To be successful, the new entrepreneur needs a network, which he will have developed when he was an employee, and which will have to challenge it to push him to refine his project. If you have the best idea in the world and find yourself in the middle of the desert, there is no point to succeed! “. Members of the network will help access funding, find the right lawyer, improve the project through their positive critiques and suggestions. 

The entrepreneur must also be tenacious, not be discouraged after the failure of a first idea while knowing how to question himself. The second or third idea will prove to be the right one, but it will emerge from the lessons learned from the first. This is the shared story of the managers who are members of the Croissance Plus network, which is now at the head of growing companies. “You should have enough perspective to find the right project,” explains Patrick Abadie. Young entrepreneurs have every interest in being accompanied by people with experience, who have a network and who can carry a critical eye. An interim manager fits this profile.” 

There is currently no interim manager offer for start-ups. These do not have the financial resources to offer a classic mission, but the need for support exists. It could take the form of a time share, for example with an interim manager present within an incubator. He would support and advise, both the product and the financing. Cash flow needs are frequently poorly anticipated, which can lead to failure. He may also play a role in sharing experience between the different start-ups monitored. 

The young start-up owner, brimming with ideas, will not always want to endure the advice of a wise old man. Its investors, for their part, have an interest in it and must be fully convinced of it. They will then play their part in convincing the creator, including by tying their financial assistance to the use of a timeshare interim manager. The start-up creator will have all the assets in hand to succeed.