Want to Be a Successful Entrepreneur? Do What You Know.Going into an industry unfamiliar to you could be detrimental.

ByJay Glauser

Opinions expressed by Entrepreneur contributors are their own.

Hero Images | Getty Images

Everyone wishes they started Facebook, but not everyone would have found the same success as Mark Zuckerberg.

One of the reasons he was able to scale Facebook to having more than a billion active users is because he had a passion for programming and coding. He knew the ins and out of the technology behind the social platform and was able to grow Facebook. Not everyone could have done that.

Successful entrepreneurs build companies in industries they understand. For our Main Street Entrepreneur tour -- a road trip across the U.S. in which we interviewed founders from all walks of life -- about one-third of the entrepreneurs we interviewed worked in the industry in which they started their business. Another third worked in a related industry. The remaining third were serious and frequent consumers of the products, so they understood the industry from the customer's perspective.

This podcast delves into these three areas of experience and shows how the more you know about your industry, the greater your chances for success.

Wavy Line
Jay Glauser

Co-founder of The Main Street Entrepreneur

Jay Glauser is the co-founder ofThe Main Street Entrepreneur, a platform focused on helping people build their dream company and doing what they love.

Editor's Pick

Related Topics

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Leadership

This Common Leadership Habit Will Harm Your Credibility. Are You Guilty of It?

As leaders, we're always looking for ways to build credibility among peers and employees. But this easy-to-make mistake can ruin it in an instant.