10 avoidable mistakes first-time entrepreneurs make repeatedly
Post on 17-Oct-2014
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600,000 companies go out of business every year in the US alone. Infant Entrepreneur Mortality is a HUGE problem. Try to understand why, and avoid being a mortality statistics.TRANSCRIPT
Over 600,000 companies go out of business every year
in the US alone.
Infant Entrepreneur Mortality is a
Massive Problem.
10 Avoidable Mistakes
First-time Entrepreneurs Make
repeatedly
Sramana MitraFounder, 1M/1M
1. They Define Success = Funding
2. They Don’t Know the Essential
Techniques of Bootstrapping
3. They Don’t Understand Positioning
4. They Spend Money on
Unimportant Things and Run
Out of Cash
5. They Hire Too Many People Too
Soon without Validating
6. They Chase Investors Instead
of Customers
7. They Start Building a Product Without Validating
8. They Network Randomly, Without
Focus
9. They Talk to Investors Too Soon
10. They Don’t Focus on Business
Model
In 1M/1M, we want you to build as tightly as possible, and avoid
these stupid, perfectly avoidable mistakes.
We teach you how to put one foot before the other, and make ‘real’
progress.
We teach you, first and foremost, to
survive.
Join us for a FREE mentoring session:
http://1m1m.sramanamitra.com/free-public-roundtables/
http://1Mby1M.com