Entrepreneurship Archives

Adapting to Change in the Business Environment: 2 Keys to Flexibility

Does your business have a Plan B? Do you have a healthy “give-and-take” dynamic between upper and middle management? Adaptability is a competitive advantage. Intel CEO Andy Grove offers advice on how to build a flexible organization so that you stay ahead of the game. The keys, he says, are proactively investing in alternatives and cultivating a flexible business culture. Keep reading for Grove’s wisdom about adapting to change in the business environment.

How to Build a Startup Team: Fill These 3 Roles

Why shouldn’t you start a business by yourself? What kind of partners should you look for? When it comes to starting a new business, entrepreneurs Ash Ali and Hasan Kubba advise against going it alone. They explain why you need partners and what kind of people you should add to your team. They say you should fill three roles: an innovator, a promoter, and a specialist. Keep reading for Ali and Kubba’s advice on how to build a startup team.

How to Evaluate Business Ideas: Is Yours Good?

Do you have an idea for a business? How can you tell if it’s a viable one? Ash Ali and Hasan Kubba say you don’t need to come up with anything spectacular. A viable business idea should build on your unique strengths, or “unfair advantages,” and offer value to people’s lives. Keep reading to learn how to evaluate business ideas.

Types of Startups: Which Is Right for You?

What’s the difference between lifestyle and hyper-growth startups? How do you know which type of startup business is right for you? Entrepreneurs Ash Ali and Hasan Kubba, in their book The Unfair Advantage, describe two types of startups: lifestyle and hyper-growth. They offer recommendations for how to determine which type of startup you should pursue. The factors to consider, they say, are your purpose, your desired lifestyle, and your unfair advantages. Read more for Ali and Kubba’s insight into different types of startups.

Hyper-Growth Startups: Outpacing Competitors

What’s a hyper-growth startup? What makes them grow so fast? How are they funded? In their book, The Unfair Advantage, Ash Ali and Hasan Kubba explain what hyper-growth startups are. They discuss how these businesses get started, how they’re funded, and what type of product or service they typically involve. They also provide some insight into the chances of success and what it’s like to be part of one of these businesses. Keep reading to learn the basics of hyper-growth startups.

Lifestyle Startups: An Intro to the Basics

What’s a lifestyle startup? Is it the right kind of business for you? Entrepreneurs Ash Ali and Hasan Kubba explain what lifestyle startups are and why they’re usually self-funded. They offer a bit of insight into what it takes to make this type of business profitable. We include some pros and cons of small business ownership to help you know what kind of business is right for you. Continue reading to learn the basics of lifestyle startups.

Why Reputation Is Important: Leveraging Trust

Do you have a good reputation in your field? Are you making the most of the trust you’ve earned from others? In The Unfair Advantage, entrepreneurs Ash Ali and Hasan Kubba explain how your reputation can give you a leg up over the competition. Other businesses and professionals do what you do, but they don’t have the same status and connections you have. You can leverage your reputation and relationships to find success. Read more to learn why reputation is important and how to use it to your advantage.

Startup Assets: Your Unfair Advantage?

How much can you invest in your startup? How much of a financial leg up can you give your new business? If you have sizable assets to invest in your startup, you have a leg up over the competition. Valuable assets are one of the unfair advantages identified in the book The Unfair Advantage by entrepreneurs Ash Ali and Hasan Kubba. The authors discuss a potential drawback of assets, how to know if your assets are your unfair advantage in particular, and how to improve and make the most of your assets. Keep reading to learn about the unfair advantage

Importance of Knowledge in Entrepreneurship

Is knowledge your secret weapon? How can you leverage your learning to strengthen your startup? If you have considerable or specialized knowledge, you have a leg up over the competition. Knowledge is one of the unfair advantages identified in the book The Unfair Advantage by entrepreneurs Ash Ali and Hasan Kubba. The authors discuss a potential drawback of knowledge, how to know if knowledge is your unfair advantage in particular, and how to improve and make the most of your knowledge. Continue reading to learn about the importance of knowledge in entrepreneurship.

Location & Timing in Business: Your Advantage?

How important are location and timing in business? Are they a built-in advantage for you? If you’re in the right place at the right time, you have a leg up over the competition. Location and timing are unfair advantages identified in the book The Unfair Advantage by entrepreneurs Ash Ali and Hasan Kubba. The authors discuss potential drawbacks of good location and timing, how to know if location and timing are your unfair advantage in particular, and how to improve and make the most of your location and timing. Let’s take a closer look at this unfair advantage.