Experienced entrepreneurs have a massive advantage over their inexperienced counterparts. They’ve learned hard lessons from failures, they’ve been in positions of leadership, and they’ve had time to build and expand a professional network. Accordingly, it’s no surprise that first-time entrepreneurs are more likely to experience startup failure than serial entrepreneurs who have started multiple businesses in the past.

Still, everyone has to start somewhere, and there are plenty of anecdotal examples of entrepreneurs who found success their first time in the role. So what steps can you take to gain an advantage as an entrepreneur with no experience?

Get Your Finances in Order

First, make sure you get your finances in order.…