There are many entrepreneur mistakes that are perfectly avoidable. You don’t need to make those mistakes yourself to learn from them. I want to give you pointers on how to avoid them.

Look at my Udemy course: Case Studies of Entrepreneur Mistakes with Sramana Mitra. Throughout this course we talk about common mistakes that entrepreneurs make, and look at a lot of different case studies to illustrate the different types of mistakes that we see frequently.

We roleplay. You should too.

Put yourself in the shoes of these entrepreneurs and internalize the issues. Spending a few hours doing this would save you innumerable hours of frustration.

The learning curve for first-time entrepreneurs is really, really steep. Through the 1Mby1M courses and case studies, we offer you ways to efficiently climb that hill.

Over 600,000 companies go out of business every year in the US alone. Infant Entrepreneur Mortality is a massive problem. Here are 10 avoidable mistakes first-time entrepreneurs make repeatedly:

1. They define success = funding

2. They do not 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 start building a product without validating

7. They chase investors instead of customers

8. They network randomly, without focus

9. They talk to investors too soon, and blow important cartridges

10. They don’t focus on the business model and path to monetization

Avoid them at all costs. You cannot succeed without first surviving.I’ve never met an entrepreneur who has built a billion dollar business without first building a million dollar one!

If you choose to seek my advice, please join 1Mby1M Premium.

You can get started with Sramana’s Digital Mind AI Mentor right now here: 

How many of these mistakes are YOU making?

Image by Steve Buissinne from Pixabay

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