The Consultant's Counsel

In this episode of The Consultant's Counsel podcast, Kelsey Creveling speaks with Adam Qureshi and Istvan Hoka, co-founders of Fly Swift Tail, about their entrepreneurial journey in the private aviation industry. They discuss the challenges of building a startup, the importance of understanding market needs, and the impact of AI on business operations. The conversation also touches on regulatory hurdles, the founders' backgrounds, and practical advice for aspiring entrepreneurs. Takeaways Networking on LinkedIn can lead to unexpected partnerships.Understanding the problem is crucial for startup success.The private aviation market is fragmented and needs innovation.Regulatory challenges are significant in the aviation industry.Delineating responsibilities in a startup is essential for efficiency.Founders' diverse backgrounds contribute to their startup's vision.AI can enhance productivity and efficiency in business.Ethical considerations around AI are increasingly important.Entrepreneurs should embrace AI tools to stay competitive.Starting a side hustle can mitigate job risks.Chapters 00:00 The Genesis of a Partnership 02:21 Identifying Market Gaps in Private Aviation 05:05 Navigating Regulatory Challenges 07:35 Delineating Roles in a Startup 10:03 The Journey to Product Market Fit 12:52 Foundational Experiences of the Founders 15:42 Building a Marketplace in the Tesla Space 17:27 Istvan's Path to Entrepreneurship 22:17 The Freedom of Entrepreneurship 23:20 Building a Social Media Firewall 25:23 The Impact of AI on Efficiency 27:35 The Future of AI and Energy 30:05 Addressing AI Fears and Ethical Considerations 35:07 AI's Agency and Its Implications 38:27 Preparing for the AI Revolution 45:34 Advice for Future Innovators Connect with the Guests: Adam Qureshi on LinkedIn: https://www.linkedin.com/in/adamqureshi/ Istvan Hoka on LinkedIn: https://www.linkedin.com/in/ihoka/ Fly Swift Tail: https://flyswifttail.com Connect with Kelsey on LinkedIn: https://www.linkedin.com/in/kelseycreveling Work with Kelsey: https://kelsc.consulting Thanks to TORY for sponsoring this episode (Host Kelsey Creveling is the Founder & CEO of TORY). To learn more: https://inventory.capital Resources + Courses for Consultants: https://theconsultantscounsel.com Follow: The Consultant's Counsel Instagram - https://www.instagram.com/theconsultantscounsel LinkedIn - https://www.linkedin.com/showcase/theconsultantscounsel YouTube - https://www.youtube.com/@theconsultantscounsel Partnerships & Affiliations:* Disclaimer: A brand affiliate relationship is in place with the following brands, and a commission may be earned if a purchase is made using the link or provided discount code. The Healing Mind™ - Download the app: https://apps.apple.com/app/apple-store/id1632086744?pt=125216772&ct=Kelsey%20Creveling&mt=8 Riverside - Sign up today! https://www.riverside.fm/?utm_campaign=campaign_5&utm_medium=affiliate&utm_source=rewardful&via=kelsc Alaska Rhodiola: A supplement that can fortify your stress response and help you handle life's difficulties with far more ease. Your workouts can be more frequent and intense, avoid needing a daily nap, and achieve an emotional state that is far more balanced. Use code KELSEY24 at checkout when you have two in your cart for Buy One Get One Free. https://www.akroseroot.com/?sca_ref=7400745.eAH0u5h9JI