Entrepreneurship Archives

Why a Niche Targeting Strategy Works Best for Tech Startups

What is a niche targeting strategy? Why does this strategy work best for business growth, especially for tech startups? According to Andrew Chen, if there’s a secret to success in the tech industry, it’s a thorough understanding of the network effect. He claims that using the network effect together with a niche targeting strategy is one of the best ways to make your startup profitable. Read on to learn why a niche targeting strategy helps tech startups grow, according to Chen.

Grow Your Customer Base: 3 Network Effect Strategies

Why is it important to grow your customer base? What are some ways to attract new customers? In The Cold Start Problem, author Andrew Chen explains how to establish and grow a business from scratch based on the network effect business model. According to him, if you want to grow your customer base, it’s important to understand how the network effect works in business growth. Read on to learn three strategies to grow your customer base, according to Chen.

How to Expand Your Business With the Network Effect

Want to know how to expand your business for rapid growth? How can you achieve “Growth Explosion?” According to venture capitalist Andrew Chen, Growth Explosion is what happens when you build enough subnetworks to become a legitimate competitor to the current industry leader. Chen offers three methods to expand your business rapidly in his book The Cold Start Problem. Read on to learn how to expand your business rapidly, according to Chen’s three methods.

What Is the Network Effect in Business & How Do You Use It?

How to Build the Next Trillion Dollar Business

What is the network effect in business? Why does it create rapid growth? How do you build a network-based business? In The Cold Start Problem, Andrew Chen explains how to leverage the network effect in business to build a rapid-growth startup. He claims the network effect gives entrepreneurs the power to build billion-dollar companies from the ground up. Read on to learn about the network effect in business and how to use it for growth, according to Chen.

The Buddha and the Badass: Book Overview

What is The Buddha and the Badass by Vishen Lakhiani about? What are the main takeaways of the book? Most people push themselves to work long, grueling hours, thinking this is what’s needed to achieve professional success. In The Buddha and the Badass, Vishen Lakhiani sets the record straight: “Hustling” won’t make you or your business successful. Read below for a brief overview of The Buddha and the Badass.

How to Set Business Goals—Go Big and Bold!

Why should you have bold goals for your company? How do you set business goals? In The Buddha and the Badass, Vishen Lakhiani says that to project a company’s success, you must have innovative goals. More specifically, he says these goals should be big and bold, not modest. Read more to learn how to set business goals and set high standards.

5 Essential Books for Every Entrepreneur

Are you hoping to start your own business? Do you already have a company and you’re trying to take it to the next level? Being an entrepreneur can be a challenging yet rewarding experience. It is crucial to have access to the right resources and knowledge to succeed. Many books claim to give you the insight you need to succeed in business. Keep reading for the five books that are essential reading for current or aspiring entrepreneurs. The Lean Startup The Lean Startup by Eric Ries has become the go-to book for entrepreneurs looking to bring their ideas to life.

The 2 Types of Business Networks Essential for Startups

Do you run a small business? What types of business networks can help you gain support? Small businesses are hard to keep going if they don’t have enough support. Peter Diamandis and Steven Kotler’s book Bold explains how up-and-coming entrepreneurs can attract more people to their businesses by networking. Keep reading to learn how to attract support for small businesses with closed and open networks.

Bold: Book Overview (Peter Diamandis and Steven Kotler)

What is Peter Diamandis and Steven Kotler’s book Bold about? What are the main takeaways of the book? Despite having promising ideas, most up-and-coming entrepreneurs struggle to bring their innovations to fruition and make a large-scale impact. In Bold, Peter Diamandis and Steven Kotler explain that this struggle is even more intense due to today’s technological revolution. Read below for a brief overview of the Bold book by Diamandis and Kotler.

7 Pieces of Advice From Entrepreneurs Who Made It

Are you an aspiring entrepreneur? What can you learn from the most successful entrepreneurs in the world? You’ll likely endure many challenges on your path of entrepreneurship. A true entrepreneur embraces these obstacles and works tirelessly to find solutions. If you ever feel defeated, just know that the most successful entrepreneurs overcame these same problems. Below is the best advice from entrepreneurs that you’ll ever receive, from business magnate Warren Buffett to Apple co-founder Steve Jobs.