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There's a strong learning curve to leadership, but newly promoted managers should aim to avoid these key mistakes. When you’re starting out as a new boss, there are a lot of priorities to balance and decisions to make. Often, it can feel like you're being pulled in several different directions throughout the day, so much so that it can be difficult to focus on just one thing. As a result, new bosses often make mistakes. They may struggle when it comes to delegating work, communicating or even hiring the right people. Below, a group of successful entrepreneurs shared the biggest mistakes they made as first-time bosses and what they would do differently if given the opportunity.

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With companies still adjusting to the pandemic-fueled surge in remote and hybrid work environments, many company leaders are struggling to build a cohesive company culture that is inclusive of both their in-office and remote teams. Though their staff may benefit from the flexibility these environments provide, they can also suffer from a lack of community and belonging when separated from their peers. While a company composed of both in-office and remote teams can’t have the exact same dynamic as a fully in-house staff can, they can still build a cohesive community feel and culture that ensures everyone is included and heard—as long as it’s approached the right way. Here, the members of Young Entrepreneur Council share five actions you should be sure to avoid if you want to build a successful company culture between your in-office and remote teams and why it’s so important to do so.

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Entrepreneurship can be an incredibly rewarding endeavor, and many professionals one day hope for the opportunity to start their own business and live their passion. However, the entrepreneurial lifestyle isn’t for everyone. For many, it comes with long hours, missed activities and stressful judgment calls. But if you want to succeed, there are a number of small changes you can make that can have a major impact on your overall fulfillment and happiness. Below, eight members of Young Entrepreneur Council share the simple yet powerful changes they’ve made to their lifestyles since becoming entrepreneurs in order to be more successful, more fulfilled leaders, and how it’s had a positive effect on their lives.

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No matter the industry, there are many different hard and soft skills a leader should develop to be an effective and inspiring presence on their team. While some required skills will be field-specific, skills like managing your time, speaking publicly, motivating and listening apply to all leadership positions. To help their fellow leaders hone the right capabilities, a panel of Young Entrepreneur Council (YEC) members weighed in on the following question:

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A great leader doesn’t have to be an extrovert or the life of the party—they just need to know how to motivate and inspire others.

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If bad managers are a top reason why people quit their jobs, you should strive to be a leader who makes people want to stay. Managers can make or break a company. A good manager can drive a team forward, keeping them motivated and interested in working toward company goals. A bad manager, however, can drive great employees out the door with a complete lack of inspiration and guidance. To help businesses avoid creating the kind of leadership team and culture that make people want to quit, a group of successful entrepreneurs shared what they believe it takes to be a good manager. Follow their recommendations to become the type of manager no employee wants to leave.

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A company's mission serves as the foundation for everything it does. While the specific goals of the business may change over time, your original mission, vision and values should remain intact until you and your team consciously decide to change them. If you find your business moving away from its original mission unintentionally, it may be time to figure out the next steps. To help, nine members of Young Entrepreneur Council share some recommended first steps you should take when you sense your company moving away from its original mission, vision and values. Follow their advice to reassess where you stand and decide whether it's best to return to your core mission or make a conscious pivot.

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One of the quickest and easiest ways to gather applicants for an open position is to post an ad on a job board. There are several popular boards out there today, and each has its benefits and drawbacks.  But while job boards offer a quick and easy hiring solution, they aren't the only place to find the best talent. Many companies are looking for alternatives to posting on job boards in order to find the most suitable, high-quality candidates. To help, 10 members of Young Entrepreneur Council recommend some alternatives to posting on job boards when looking to hire the right talent.

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There are many crises that a company can face during its lifetime, and they happen for many different reasons. Whether it's a financial crisis, an economic crisis, an environmental crisis or any other type of crisis, it's important for business leaders to have a plan in place to manage the situation quickly. If well thought-out, a business leader's first step when faced with a company crisis can set the course for an effective solution. Here, eight members of Young Entrepreneur Council discuss the first steps a business leader should take when faced with a company crisis and why they should take them.

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Three of the most effective ways to achieve these two goals are to focus on your ideal client, connect on a personal level and tell great stories.

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It can be easy to assume that a sign of being a great leader is having all the answers; however, often the opposite is true. No leader knows everything, but great leaders are always willing to learn and grow in their knowledge, and often have ways of finding the answers they need.  As successful leaders themselves, the members of Young Entrepreneur Council understand these points, as well as how hard it can be to admit when you don’t know something as an entrepreneur. Below, they share their insights on how you can respond to someone when asked a question you don’t know the answer to and why these are the best responses you can give.

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Members of Young Entrepreneur Council share their insights on what it takes to stay happy as a business owner. Owning a business can be a trying journey. If you’re in it for the long haul, you may find your passion or motivation — or maybe both — waning over time. With the stress of running and scaling the business, plus dedicating the time necessary to develop your skills as an employer and industry leader, you can too easily let your own happiness and fulfillment take a back seat to the success of the company. As business leaders themselves, the members of Young Entrepreneur Council understand the stressors of entrepreneurship, but they also know what it takes to thrive despite them. Below, they share some of the secrets to staying happy and fulfilled as an entrepreneur and why doing so is important.

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Love them or hate them, pitches are essential components of the sales process. But it's not enough to have a simple slide deck and a few talking points. Your sales team needs an engaging presentation that truly showcases the value of your company's product or service. Luckily, there are multiple ways professionals can optimize their sales pitches to close the deal. To help, nine members of Young Entrepreneur Council offer their best tips for developing a presentation that will help you land the sale.

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Understanding the four key reasons people buy is crucial in turning your low-ticket offers into high-ticket premium services.

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Sales challenges are unavoidable in any business, regardless of industry. From curating an effective sales process to pinpointing your ideal customer, solving these sales challenges is crucial during the early stages of your company. As business leaders themselves, the members of Young Entrepreneur Council have faced their fair share of sales obstacles when starting their companies. Below, nine members discuss challenges new businesses often face in selling their product or service and how they can work  to overcome those difficulties.

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Members of Young Entrepreneur Council discuss the software or hardware that has helped them succeed while working from home. Many professionals know that having the right tools can really make a difference in your ability to get work done — and get it done well. The same is true while working from home. In addition to dealing with a different environment from a traditional office, working from home also means you may be contending with decreased focus or a lack of communication, so having the right tools in place can be paramount to your success. Below, a panel of Young Entrepreneur Council experts share some of their favorite tech tools that have helped them succeed every day while working from home and why they think others should take note.

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Getting your business noticed online is only getting more challenging, as every day new businesses are opening up and creating more competition for consumer attention. The go-to strategy for many companies, therefore, is to leverage social media to get in front of their target audience and convince them to make a purchase. But the perfect social media ad won’t come about without a little forethought and planning. If you really want to persuade potential customers, consider the following tips as recommended by the members of Young Entrepreneur Council. Implementing these steps could give you a significant leg up on the competition.