Absolutely. It is with experience we start noticing the various niches that exist where we can add value and make profit out of it. For example one of the firs

Absolutely. It is with experience we start noticing the various niches that exist where we can add value and make profit out of it. For example one of the first companies I worked for does online auction of "excess inventories". He was 34 or 35 years old when he started. The problem they were solving is an inherently big issue in manufacturing companies - liquidating excess scrap & other inventory. He identified a niche & built an online platform that gives these companies a much wider reach and platform to avoid cartels so they get much better valuation of their scrap. Without experience it would have been hard for someone to make note of such a niche & diligently work on it. I remember it took him more than 5 to 6 years to evangelize & introduce the concept of online auction in a developing market like India. But he stuck with it and is doing more than 25+ million USD worth transactions now each year.