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How important was Ian's knowledge of the billing procedures used within the steel industry in his being able to establish his business?Given his cash position

How important was Ian's knowledge of the billing procedures used within the steel industry in his being able to establish his business?Given his cash position when he opened his business, could do you believe he would have been successful without this knowledge?

How much risk did he take?

When providing a product like steel to a customer, how important is experience and knowledge of the industry to business success?

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