Kristy Knichel

expert panel

For entrepreneurs who want a leg up when starting a business, consider becoming a franchisee of an already successful company. This path ensures a built-in customer base, brand recognition and support from a parent company—benefits you might not get if you started a business from scratch. There are many profitable franchising models out there across nearly every industry, so aspiring entrepreneurs of all interests and backgrounds have plenty of options to choose from. To help you narrow the list down, seven Young Entrepreneur Council members weighed in on current franchising trends. If you’re looking for a starting point to explore the world of franchising, check out the industries these experts say lend themselves well to the franchising model.

expert panel

Finding the perfect candidate to fill an open position is about so much more than choosing someone with the necessary skills and experience. While it's important to hire someone with the technical knowledge and expertise to get the job done well, it's equally as important to find someone who will fit into your company culture or be a positive influence on others.  When you're assessing candidates for a position, you can look for certain traits in addition to their level of experience that will help you make the right hire. Here, eight members of Young Entrepreneur Council discuss the top traits they have to see in a candidate before deciding to bring them on.

expert panel

Are there specific traits of great managers, personal qualities that are crucial to success in any managerial role? It seems that there are, and while some of these traits are innate, others can be learned. In this article, 13 professionals from Young Entrepreneur Council list a few of the most vital traits you should possess if you want to thrive in a managerial position.

expert panel

Investing in employee training and development is a great retention tool to ensure continued growth within your company. In the era of the “Great Resignation,” every employer is wondering how to hang on to their best employees. One smart approach is encapsulated by Richard Branson, founder of the Virgin Group, who once said, "Train people well enough so they can leave and treat them well enough so they don't want to."  The two key lessons in this mantra are that employers should invest in employee development and also give them a supportive, collaborative environment in which they can fully utilize their skills. This type of workplace, whether in person or virtual, promotes employee loyalty and continued long-term growth within the company. Below, a group of business leaders shared their interpretation of Branson's quote with some practical tips for boosting retention through training initiatives.

expert panel

As a professional, there are dozens of goals you may have, such as getting a raise, snagging a promotion or simply wanting to be recognized for your hard work. Annual performance reviews are an excellent time to discuss your goals with your manager to make sure you are heading in the right direction with your company. No matter your position, there are some steps you can take months ahead of your annual review to set you up for success sooner. Below, eight members of Young Entrepreneur Council each shared one thing any employee can do starting in January to get ready for their annual review at the end of the year.

expert panel

Some of the best parts about having a small business are the benefits that it brings to employees: more equity, a hand in the decision-making process and smaller teams, just to name a few. Although the successful growth of your business is something to celebrate, day-one employees may eventually come to miss the small business feeling that they signed on for. To that end, members of Young Entrepreneur Council (YEC) weighed in on the following question:

expert panel

Content may be king, but to truly have an impact, what you create must be engaging and influential. Whether it's blog posts, podcasts, videos, newsletters or something else, today's consumers are looking for a steady stream of valuable, interesting information from the brands and influencers they follow. For leaders, producing high-quality content is an excellent strategy for growing a loyal audience and influencing public opinion. However, if you want your content to be influential, it has to be done right. To help brands and creators up their game, eight successful entrepreneurs share their top-recommended tips for developing and publishing highly influential content.

expert panel

Members of Young Entrepreneur Council predict which industries AI is likely to have a major impact on in the near future. Artificial intelligence has already had a major impact on the tech industry. The numerous products and applications that now run on AI have allowed businesses and consumers alike to streamline everyday tasks and save valuable time and effort. As AI becomes more readily available, it will continue to become more prominent in other industries. Below, a panel of Young Entrepreneur Council experts shared which fields they believe artificial intelligence will disrupt next and why. Keep an eye out for AI-powered trends in these 14 industries.

expert panel

It’s no secret that having the support of other leaders can make a major difference to a person's entrepreneurial success. When your network contains others who can identify with your struggles, they can then help motivate you from a personal perspective and deliver timely advice when you need it most. For years, women have been making massive strides in the realm of business, reaching further and higher than ever before—and the support of other female entrepreneurs is a great way to boost that growth even further. For tips on how to show your support, eight leaders from Young Entrepreneur Council discuss how female entrepreneurs can better support fellow women in business and create pathways for change.

expert panel

Entrepreneurs can face obstacles from many different areas, but when you’re young and new to the business, there always seem to be extra hurdles to jump over. Both external and internal pressures can wear down on you, and before long, you can start feeling overwhelmed. But these pressures shouldn’t deter you from becoming an entrepreneur, and there are steps you can take to overcome them. Here, eight leaders from Young Entrepreneur Council discuss some of those common obstacles young business owners face and offer their best advice based on their own experiences as young entrepreneurs.

expert panel

As a newcomer to a team, you may initially feel a bit out of place. This feeling isn't something strange, however, as everyone is likely to go through it at one point in time. The first step to eliminating that feeling at a new job is to try to establish yourself in your role. For some, this is as simple as reaching out to other team members and offering your help. However, you may also have to go above and beyond in other ways to make an impact. Below, eight members of Young Entrepreneur Council recommend some ways new hires can go about establishing themselves in their companies and making a positive impact and impression on their new teams.

expert panel

Your employees’ personalities and work ethics have a direct impact on how effective and efficient you and your company are at getting anything done. Because of this, putting together a well-functioning team isn’t always straightforward. For an entrepreneur who needs to have team members they can count on, a few personality traits stand out as necessary. Below, eight members of Young Entrepreneur Council discuss some of the attributes they consider nonnegotiable in potential hires for their companies and how these traits impact the ability to complete good work.

expert panel

article

This evolving industry has provided hints to what's ahead in 2018.