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How to Start a Business After Multiple Failed Attempts as an Entrepreneur Did you know that Microsoft founder and billionaire Bill Gates' first business, Traf-O-Data, was a flop? Or that before he was president, Abraham Lincoln had a retail store that went bankrupt? As an entrepreneur, it's important to recognize and understand that failure is a part of business. Many successful business owners have failed in a business venture at some point in their entrepreneurial career. According to Merriam-Webster, the definition of "entrepreneur" is a person who starts a busines...
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