I created the OS installation on USB A. My connector on the SSD is USB C.I know this happened to pistonpilot here but it is not something I have seen reported elsewhere by people who have successfully booted M1 Minis. I have an M1 Air so everything I do is through the USB-C ports.
I booted several times on USB A and then tried USB C.
It worked until I woke up the next morning to find the system locked up. I had to shutdown with power. It never booted again from the SSD external. I can use the SSD external and I migrated my settings and Library but no files from the external SSD to the internal SSD on the Mac Mini.
I am able to choose the external SSD to boot, but it won't complete. I am using it now as data storage. It has a full OS on it, so I expect to be able to boot my iMac (out for repair) from the external SSD with no issues.
Apple has not admitted to either a Big Sur issue or an M1 issue.