Entrepreneurship Archives

SpaceX and Tesla: Musk’s Technological Quests to Save the World

Why did Elon Musk start SpaceX and Tesla? What’s the common thread in their respective missions? Elon Musk has arguably pushed technology forward more than any other living person in the modern age. In a way, he’s made it his personal mission to bring human civilization to other worlds via his company SpaceX while weaning us away from fossil fuels by developing electric vehicles through Tesla. Continue reading to learn about SpaceX and Tesla and why they’re far more than just successful business ventures.

An Alternative to Brainstorming: Why Question-Storming Works

How does question-storming work? Is it a superior alternative to brainstorming? Warren Berger says that many organizations value knowledge and obedience over curiosity and creativity. But, the most successful companies are those that encourage employees to ask questions and search for innovative answers. He recommends that organizations hold question-storming sessions. Keep reading to learn about this intriguing alternative to brainstorming.

Ash Maurya’s Lean Canvas—Simplified

What is Ash Maurya’s Lean Canvas? How can you use Lean Canvas to improve your business? Ash Maurya’s Lean Canvas is a business modeling tool used to develop flexible, adaptive businesses that respond to customer needs as they grow. By learning how to use Lean Canvas, you can support your business’s growth. Read on to learn more about how to use Ash Maurya’s Lean Canvas and see Lean Canvas explained in detail.

Questions to Ask in Business: Fostering Curiosity & Creativity

What question launched Uber? What questions did Toys “R” Us leaders fail to ask? The most successful companies ask a lot of questions. And, they ask the right questions. That’s the view of Warren Berger. In his book A More Beautiful Question, he explains why every person in every workplace needs to ask the fundamental questions “why,” “why not,” “what if,” and “how.” Continue reading to learn about these “beautiful questions” to ask in business.

How to Validate Your Business Idea: The 4-Step Process (+ Tests)

How do you validate a business idea? Once you’ve put together a business model, how do you make sure that it’s going to work? To validate your business idea, you need to perform tests and interviews with early adopters. If you use the right strategies in business validation, early adopters can indicate where your business idea will work and where you need to make adjustments. Learn more about how to validate your business idea through discussions with early adopters.

The 9 Essential Components of a Business Model

What does it take to build a business model that works? What are all the components of a business model? The nine components of a business model described by Ash Maurya in Running Lean cover the essentials for a business that is adaptive, flexible, and sustainable. These include defining customer groups, getting to know your customer group’s needs and desired solutions, and more. Learn more about the nine elements of a business model that are necessary for success.

Running Lean by Ash Maurya: Book Overview & Key Points

Why do so many business models fail? What is a Lean Canvas, and how do you create one? How can you better understand your target customers’ problems? In Running Lean, Ash Maurya shows how you can avoid business failure with the Lean Canvas model. This approach helps build and sustain a flexible business model that evolves alongside customer preferences. This article will detail how Ash Maurya’s Lean Canvas approach can help businesses avoid failure and move forward with confidence.

How to Understand Customer Needs Using Interviews & Testing

What are the best strategies for understanding customer needs? When thinking about how to understand customer needs, what should you consider? Whether entering a new market or adapting to a changing one, knowing how to understand customer needs is critical for business success. The better you know the needs of your customers, the better your product or service will be. Learn more about how to get to know your customers better with these insights from entrepreneurial expert Ash Maurya, author of Running Lean.

How to Set Up a Small Business Using a Lean Canvas

How do you set up a small business? What are some small business growth strategies that you can integrate into your business model? To set up a small business, you need to draft a business model that’s flexible and adaptive. You should take into account your customer wants and needs both in your initial plan and as you grow. Learn how to set up a small business using these strategies from Ash Maurya’s Running Lean.

How to Develop & Use Key Performance Indicators (KPIs)

What are the best strategies for developing key performance indicators and using them effectively? In business development, what is the role of key performance indicators in optimizing your business model? Developing key performance indicators (also known as KPIs) is the starting point for monitoring the growth of your company. Using key performance indicators gives you a data-driven approach to keeping track of your company’s success. Learn about how to develop and use key performance indicators that are appropriate for your business.