Over 600,000 companies fail annually in the U.S., highlighting the issue of high entrepreneur mortality. The document outlines ten avoidable mistakes that first-time entrepreneurs often make, such as misdefining success and failing to validate their product. The 1M/1M program emphasizes learning essential techniques to survive and succeed in entrepreneurship and offers free mentoring sessions.

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

2. Infant Entrepreneur
Mortality is a Massive
Problem.

3. 10 Avoidable Mistakes
First-time Entrepreneurs
Make repeatedly
First-time Entrepreneurs
Make repeatedly
Sramana Mitra
Founder, 1M/1M

4. 1. They Define
Success = Funding
Success = Funding

5. 2. They Don’t Know
the Essential
Techniques of
Bootstrapping

6. 3. They Don’t
Understand Positioning

7. 4. They Spend Money
on Unimportant Things
and Run Out of Cash

8. 5. They Hire Too Many
People Too Soon
without Validating

9. 6. They Chase
Investors Instead of
Customers

10. 7. They Start Building a
Product Without
Validating

11. 8. They Network
Randomly, Without
Focus

12. 9. They Talk to
Investors Too Soon

13. 10. They Don’t Focus
on Business Model

14. 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 how to put one foot before
the other, and make ‘real’ progress.

15. We teach you, first and
foremost, to survive.

16. Join us for a FREE mentoring
session:
http://1m1m.sramanamitra.com/
free-public-roundtables/
http://1m1m.sramanamitra.com/
free-public-roundtables/

17. http://1Mby1M.com