Entrepreneurship is a tough journey with many pitfalls that can lead to startup failures.To succeed, entrepreneurs should focus on solving real problems rather than just pursuing ideas.Scaling should only be pursued when the foundation of the business is solid.Cash flow management is crucial for the survival of a business, regardless of revenue.Learning to say no to the wrong opportunities can prevent dilution of resources and focus.Building a business that can operate independently of the founder is key to long-term success.Having an exit strategy in mind from the start can lead to a more successful business in the long run.Success in entrepreneurship requires passion, discipline, and strategic decision-making.Avoiding common mistakes and maintaining guardrails can increase the chances of startup survival and growth.Michael Bush emphasizes the importance of smart survival strategies for new entrepreneurs.