Benji Rabhan

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Employee turnover can be costly and disruptive, but by implementing these seven strategies, you can improve employee retention rates.

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As a member of the executive team, a COO—or chief operating officer—is a key leadership position responsible for the overall daily operations of a business, ensuring long-term goals are met with everyday tasks and initiatives. Because the COO has a hand in nearly every department of the company, selecting the right one could be the difference between a major business failure and a major success.  How, then, can companies ensure they’re recruiting and hiring the best candidates for such an important role? The members of Young Entrepreneur Council break down the answer below by sharing nine tactical steps business leaders can take to ensure they hire the best COO for their team.

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New projects or initiatives can be exciting, but sometimes business leaders can be blinded by their own excitement and push forward even when things aren't going as planned. If you think this could be happening to you, it may be wise to reflect on any signs that could indicate a need to pause or stop a project altogether. To help get you started, nine business leaders from Young Entrepreneur Council list signs to look out for that will help you determine if you should pull back on (or completely halt) a project or initiative—even one you’re excited about.

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In both personal and professional realms, growth and progress are often the outcomes of embracing challenges and pushing beyond our comfort zones. Within the workplace, this means professionals who actively seek to challenge themselves may be more likely to experience accelerated development and fulfillment in their careers. Below, Young Entrepreneur Council members explore various strategies for stepping outside the confines of your comfort zone and delving into uncharted territories within the work environment. By venturing into new areas, taking on unfamiliar tasks and embracing discomfort, professionals can unlock their full potential, acquire valuable skills, cultivate resilience and foster innovation.

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Different people have different comfort levels with risk-taking. Some are willing to jump out of an airplane just for the thrill of the adventure, while others may push themselves by reaching out to make a new friend. When it comes to entrepreneurship, your comfort level with risk may not necessarily prevent you from aspiring to be a business owner, but it can affect your success once you become one. Business owners take risks every day, so those who may be more risk averse by nature may struggle to grow if they aren’t willing to take a chance every once in a while. Here, eight members of Young Entrepreneur Council offer their guidance on how risk-averse entrepreneurs can get more comfortable taking risks and why doing so is important to their long-term success.