Smart Business Strategies for Entrepreneurial Success – Ahmad Ashkar, Founder of Forerunners, Falafel Inc., the Hult Prize

Running a business whether big or small is never easy. But entrepreneurs can accelerate their success by adopting simple, effective strategies that strengthen their skills and sharpen their decision-making. According to Ahmad Ashkar, founder of Forerunners, Falafel Inc., the Hult Prize and other transformative companies, long-term business success is built on consistent habits, continuous learning, and a strong understanding of your own capabilities.

Ahmad Ashkar

Below are some of the most impactful strategies he recommends:

1. Learn from Your Early Work Experience

No entrepreneur succeeds overnight. Most start out in traditional jobs, using early career roles to understand how companies operate, how leaders think, and how teams function. These experiences help develop crucial traits like adaptability, humility, and resilience qualities that become invaluable when launching a business of your own.

2. Identify a Real Problem and Solve It

Great businesses are built on solutions. Study your industry, observe recurring challenges, and design a model that genuinely addresses those needs. Entrepreneurs who fix real problems naturally attract customers, investors, and long-term opportunities.

3. Develop a Strong, Diverse Skill Set

Entrepreneurship is constant problem-solving. To navigate challenges, build a broad skill set that balances creativity, strategy, leadership, and financial understanding. Assess your strengths and weaknesses and actively learn from mentors, colleagues, or online resources to close your knowledge gaps.

4. Stay Curious and Keep Learning

Curiosity drives innovation. Entrepreneurs who stay open to learning, exploring new ideas, and meeting new people are better equipped to adapt as markets change. Protect your curiosity. It keeps your business fresh, relevant, and competitive.

5. Surround Yourself with the Right People

A talented, trustworthy team is a powerful advantage. Build a group that brings diverse strengths but shares your mission and values. The right people amplify your vision and help create sustainable growth.

6. Monitor Your Profit Margins

Healthy businesses understand their numbers. Keep a close eye on your gross profit margins and evaluate whether each product or service is truly worth the investment. Remove low-performing offerings so your time and resources stay focused on what works.

7. Build Strong Relationships with Bankers

Whether you need funding now or later, maintaining good communication with your bankers is essential. Share regular updates about your business and cash flow projections. A strong relationship can make accessing capital much easier when opportunities arise.

Final Thought

Entrepreneurship is a journey of continuous growth, strategic choices, and a willingness to adapt. By applying these principles, business owners can dramatically increase their chances of long-term success. As Ahmad Ashkar emphasizes, mastering these simple strategies helps entrepreneurs not just survive—but excel—in competitive industries.

👉 Visit Here: https://chefashkar.com/

More Information: https://ahmadashkar.com/

(Ahmad Ashkar is an award-winning American-Palestinian entrepreneur and founder of the Hult Prize, Falafel Inc, and Forerunners, shaping global impact and youth innovation.)

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