By Rieva Lesonsky
If a million entrepreneurs around the world grew their companies to $1 million in sales, it would add up to a global GDP of $1 trillion, and up to 10 million new jobs. So contends Sramana Mitra writing on Forbes.com about her new project, the 1M/1M Ambassadors.
Mitra, a technology entrepreneur and strategist who has founded three companies, came to this conclusion after observing hundreds of businesses. “The most vulnerable phase in an entrepreneur’s life is the pre-$1 million revenue stage,” Mitra explains. “Once the $1 million revenue milestone is crossed, it’s easier for entrepreneurs to find additional customers, manage working capital and access funding.”
Mitra believes her goal can be accomplished through education, and is using her blog, books and roundtables to develop an entrepreneurial education system that entrepreneurs worldwide can access. The goal of her 1M/1M Ambasssadors—a core group of entrepreneurs who are supporting her efforts—is to share the best practices of Silicon Valley with entrepreneurs to help them grow.
I love Mitra’s approach to her goal. While she admits it would be easy to ask for government help or funding, she’s not doing so. Instead, she’s creating a community of business owners to help other business owners grow their companies. “Make no mistake,” she writes, “an entrepreneurship movement is ultimately going to be taken forward by entrepreneurs.”
Are you interested in moving it forward? Find out more about 1M/1M Ambassadors.
