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Greg Tapper

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Building a company from the ground up is no easy task. That's why most entrepreneurs make mistakes along the way, and first-time entrepreneurs make the most. 

Unfortunately for many, the failure rate is extremely high — generally 50% to 70% of small businesses fail within the first 18 months. To learn from those who've been in the trenches, we combed through a recent Quora thread that asks: "What are the most common mistakes first-time entrepreneurs make?

Below are the most helpful pieces of advice for first-time entrepreneurs: 

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