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A business is built on the reputation it gets through its dealings. Not all the press a company receives will be positive, however. Depending on how the consumers see the business, a company might have mixed reviews on social media. While you might think that positive reviews are the only thing that can aid the company, there are several critical benefits that negative reviews offer as well. Unfortunately, in their haste to do damage control, many small businesses overlook the takeaways contained within these negative comments. To help leaders deal with the inevitable negative feedback that come with running a business, eight contributors to Young Entrepreneur Council discuss the best methods of handling these comments and what lessons can be learned from them.

expert panel

A business is built on the reputation it gets through its dealings. Not all the press a company receives will be positive, however. Depending on how the consumers see the business, a company might have mixed reviews on social media. While you might think that positive reviews are the only thing that can aid the company, there are several critical benefits that negative reviews offer as well. Unfortunately, in their haste to do damage control, many small businesses overlook the takeaways contained within these negative comments. To help leaders deal with the inevitable negative feedback that come with running a business, eight contributors to Young Entrepreneur Council discuss the best methods of handling these comments and what lessons can be learned from them.

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Having an active social media presence is a great way for leaders to grow their business. It helps you establish your personal brand and authority, as well as reach a wider audience of potential customers. However, it also requires you to expend time and energy, which can be especially draining for an introverted or introspective business owner. Fortunately, you can use your introspection to your advantage while engaging on social media. Below , 10 Young Entrepreneur Council members share their best tips for introverted leaders who want to stay active on social media without burning out.

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Fundraising for a startup is an involved process. At any step of the way, the system may falter and lead to the company missing out on significant funding. There's no step-by-step methodology for developing a startup funding plan. Each startup is unique, both in the ideas they present and the promise that they make to customers. However, for fundraising, it's not the customers' input that matters. It's what the investors think of the company. A startup's fundraising efforts hinges on its ability to make itself attractive as a business idea. To help, 12 members of Young Entrepreneur Council reflect on the big mistakes that they made while fundraising, and offer advice on how today's startup entrepreneurs can avoid falling into the same trap.

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Being self-employed can be a rewarding path to autonomy, but it doesn't come without its pitfalls.