From securing funding to handling growth, launching a new business comes with several hurdles that must be cleared. Failure to understand these challenges can cause a business to falter before it ever truly gets off the ground. However, with the right preparation, entrepreneurs can overcome (and sometimes, even mitigate) obstacles and continue on the path to success. To help new and aspiring business owners looking to launch, Young Entrepreneur Council members share 10 common hurdles startups face—and how to most effectively overcome them.
November, often associated with Thanksgiving, is a month that reminds us of the importance of giving back and expressing gratitude. For employers and managers, it's an opportune time to consider how they can give back to their employees and foster a culture of appreciation within their organizations. Below, Young Entrepreneur Council members explore meaningful ways employers can show their gratitude and give back to their teams, not only during the holiday season but throughout the year. These acts of giving, from recognition and professional development opportunities to wellness initiatives and flexible work arrangements, can have a profound and lasting positive effect on employee morale, engagement and overall workplace satisfaction.
Interview questions always have a purpose behind them—whether it’s “What are your strengths?”, “Where do you see yourself in five years?” or “Why are you interested in this position?” Standard questions are generally considered standard for a reason, as they’ve been tried and tested at generating the information the hiring manager needs to make their decision. However, it’s often the nonstandard questions that can really tell you a lot about a person. Here, 13 business leaders from Young Entrepreneur Council share the questions they love to ask during interviews and why. Consider adding one or more of these options to your list to see what you can learn about your next job candidate.
Any successful business has at least one thing that sets them apart from their competitors and that makes customers choose them over anyone else—their core strengths. Determining what those strengths are may require some reflection on the leader’s part, or even some feedback from the team. However, once you’ve determined your core strengths, you’ll likely want to make them even stronger, as doing so will put your company at an even greater advantage over others in your space. But what steps can you take to get there? Below, 12 business leaders from Young Entrepreneur Council offer their expertise and recommend just a few of the paths you can take toward improving your company’s core strengths and setting you, your team and your business apart from the competition.
Market My Market
Market My Market helps businesses generate new clients by implementing the right systems and strategies.