When I was 16, I failed big-time at running my first company. Here are 7 hard lessons I learned that every young entrepreneur can benefit from.

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Today, Steven Li is the cofounder of The Rising. But the first business he launched at age 16 failed.

Steven Li started his first company at age 16. He failed fast and learned quickly. He's now the cofounder of The Rising, a site that covers business, climate policy, and greentech. He talked to seven industry leaders about his takeaways from his early failure, and their tips for success. He learned to have hard conversations early in the process — and that success comes not just from interest, but from skills and grit. Visit Business Insider's homepage for more stories.

Steven Li started his first company at age 16. He failed fast and learned quickly. He's now the cofounder of The Rising, a site that covers business, climate policy, and greentech. He talked to seven industry leaders about his takeaways from his early failure, and their tips for success. He learned to have hard conversations early in the process — and that success comes not just from interest, but from skills and grit. Visit Business Insider's homepage for more stories.

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Very inspiring for budding entrepreneurs anywhere around the globe.

Being a young entrepreneur isn’t easy, however the first step is getting started, awesome read!

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