10 avoidable mistakes first-time entrepreneurs make repeatedly

17
Over 600,000 companies go out of business every year in the US alone.

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.

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Page 1: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

Over 600,000 companies go out of business every year

in the US alone.

Page 2: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

Infant Entrepreneur Mortality is a

Massive Problem.

Page 3: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

10 Avoidable Mistakes

First-time Entrepreneurs Make

repeatedly

Sramana MitraFounder, 1M/1M

Page 4: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

1. They Define Success = Funding

Page 5: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

2. They Don’t Know the Essential

Techniques of Bootstrapping

Page 6: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

3. They Don’t Understand Positioning

Page 7: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

4. They Spend Money on

Unimportant Things and Run

Out of Cash

Page 8: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

5. They Hire Too Many People Too

Soon without Validating

Page 9: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

6. They Chase Investors Instead

of Customers

Page 10: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

7. They Start Building a Product Without Validating

Page 11: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

8. They Network Randomly, Without

Focus

Page 12: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

9. They Talk to Investors Too Soon

Page 13: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

10. They Don’t Focus on Business

Model

Page 14: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

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.

Page 15: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

We teach you, first and foremost, to

survive.

Page 16: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

Join us for a FREE mentoring session:

http://1m1m.sramanamitra.com/free-public-roundtables/

Page 17: 10 Avoidable Mistakes First-Time Entrepreneurs Make Repeatedly

http://1Mby1M.com