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Some of the most successful entrepreneurs , those who run multi-million dollar corporations, have their experience to thank for their successes, at least in part. In fact, most "successful" entrepreneurs have failed at least once in previous business endeavors. It is not surprising. Spending time as the leader of a company will introduce you to a wealth of new ideas, skills, and resources. Over time, you will learn to better manage people, understand how to make important decisions, and find new sources of knowledge to use as you see fit. You'll also experience mistakes firsthand, so you'll never make them again. With enough experience, you can take even an acceptable business idea and develop it into a successful company. But what if you have no experience? Is it possible to run a successful business? The short answer Let's start with the short answer: Yes . There are two ways to think about this question. First, is it possible to drive the success of your first