Member Since December 2017
About
Kelly is a location independent entrepreneur and co-founder of Infobrandz. She started Infobrandz with two other co-founders while also running two successful companies in the Ohio area. She's passionate about helping people build profitable businesses with the help of strong visual communication and marketing and that includes writing articles or creating visuals in the blockchain, business growth, design, marketing, and social media niches.
Kelly Richardson
Published content
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When implementing automation, the journey can be riddled with challenges. But with the right approach, these challenges can be transformed into opportunities.
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Your company mission is the North Star of your business, guiding each and every decision you make. Writing one, therefore, isn’t just about creating a clever slogan or summarizing your goals; it’s about getting to the heart of your business and laying out the true driving force behind your company and all those who work within it. And while you may have an idea of the main “why” behind your business, writing a clear, well-thought-out mission statement may require some deeper reflection. To help, 11 members of Young Entrepreneur Council offer a few questions you can ask yourself to spark a more detailed, thorough or meaningful statement for your company mission that will stand the test of time.
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The emergence of decentralized finance (DeFi) has ushered in an exciting wave of financial innovation.
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Getting started in any role can be intimidating, but this can be even more true for those new to marketing. In an industry that’s fast-paced and ever-changing, it’s essential to both keep up with the latest trends as well as understand the tried-and-true basics of the trade. With extensive experience marketing their own businesses, the members of Young Entrepreneur Council have their own thoughts about how to succeed in marketing. Here, they each share one rule or guiding principle they believe all new marketers should follow right off the bat and how doing so will affect their success in their role.
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In their search for the best talent, many companies revolve their recruiting and hiring process around their ideal hire, often creating job descriptions with strict qualification requirements or interviews that change from candidate to candidate. While often done with the best of intentions, companies may unintentionally be biasing themselves against candidates who may not thrive in this kind of hiring process but who are otherwise well-suited to the role. To prevent this kind of unconscious bias, leaders can take certain steps that will help make the hiring process more equitable. To help, nine members of Young Entrepreneur Council sound off on the best practices for ensuring an equitable recruiting and hiring process for all and why it is so important to create.
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When it comes to hiring someone for their team, nearly every employer likely already has an image of their ideal candidate in mind. Whether it’s someone who isn’t afraid to push the envelope or someone who is reliable, trustworthy and gets their work done on time, the “ideal” hire can vary from employer to employer, sometimes making it difficult for potential candidates to know what qualities they should emphasize in their application. To provide a little bit of guidance, business leaders from Young Entrepreneur Council list 11 words they’d use to describe their ideal employees and explain what it is about those specific characteristics that makes someone such a great hire.
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Being an entrepreneur requires a unique blend of creativity, vision and innovative thinking. To stay ahead in the ever-evolving business landscape, entrepreneurs need constant inspiration and fresh perspectives. Luckily, podcasts have become an invaluable (and readily available) source of knowledge and motivation for ambitious business minds. Whether you're just starting your entrepreneurial journey or are a seasoned professional, the members of Young Entrepreneur Council (YEC) offer their suggestions by answering this question:
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Jun 6, 2023
To effectively market on TikTok, it's crucial to deliver value to your intended audience
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The rise of artificial intelligence is revolutionizing various industries, including content writing for businesses. However, the use of AI tools to generate content has sparked a heated debate in recent times. Advocates argue these tools offer numerous benefits, such as increased efficiency, improved productivity and cost savings. On the other hand, critics express concerns about the potential drawbacks, including the loss of human creativity, ethical issues and the risk of bias. Below, 14 Young Entrepreneur Council members contribute to the ongoing discussion surrounding AI content writing for businesses, examining both the positive aspects and the challenges associated with using these tools. By learning and weighing the pros and cons, businesses can make informed decisions about integrating AI into their content creation processes.
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In any organization, maintaining a motivated and engaged workforce is crucial for productivity and overall success. However, there may be times when leaders notice a decline in employee morale and motivation. Whether it’s due to external factors, internal challenges or simply a temporary slump, leaders have a vital role to play in reigniting the spark and helping their employees get back on track. Below, 11 Young Entrepreneur Council members explore effective steps leaders can take to revitalize their teams and foster a positive work environment that motivates and inspires employees to give their best. By implementing these strategies, leaders can create a workplace where employees feel valued, supported and motivated to excel.
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Even the slightest changes can go a long way in creating a positive customer experience. Customer service is a critical aspect of any business, and it can make or break the company's reputation. Fortunately, providing a positive customer experience doesn't have to be a taxing or expensive undertaking -- even the slightest improvements can make a significant impact. For some simple yet effective strategies to improve your company's customer service, read on for eight tried-and-true tips from a group of successful entrepreneurs.
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When trying to hire a team with diverse backgrounds and skills, business leaders can be left wondering how to find candidates who are different enough from each other to ensure varied points of view and experience levels but also similar enough to each other to work well together and create a cohesive team culture. Luckily, there are some questions leaders can ask themselves to help make the hiring process a little more straightforward. Below, the members of Young Entrepreneur Council discuss seven of those questions and why they are so effective at helping you determine whether or not someone would be a good fit for your team.
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Small, local businesses face unique challenges when it comes to marketing. While many marketing techniques may be effective for larger corporations, they may not yield the same results for small businesses operating within a specific community. Investing in expensive advertising campaigns or generic marketing strategies that fail to resonate with local consumers can be a waste of precious resources. To offer their thoughts on the matter, eight Young Entrepreneur Council (YEC) members weigh in on the following question:
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With the average user interacting with around nine to 10 apps a day, businesses are wise to create functional mobile apps to complement their existing digital presence. However, many companies make the mistake of creating an app that’s merely an extension of their desktop website and don’t take into consideration special features which may make the mobile user experience that much better. But if businesses are looking to increase not only customer retention but also overall customer satisfaction in the long run, they may want to consider including some of the following features, as recommended by the members of Young Entrepreneur Council. Even including just one of these nine features could greatly improve your app’s user experience.
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When it comes to training employees, there’s no one way to do it right—but there are a few ways you might be doing it wrong. Using outdated materials or failing to check in enough may not be intentional blunders, but they could prevent your employee from succeeding as quickly as you’d like them to in their role. However, after years of training new employees, business leaders are bound to have picked up a few lessons along the way. The members of Young Entrepreneur Council are here to share a few of the lessons they’ve learned over their careers about how to train effectively and the advice they would give other business leaders who are training new employees for the first time.
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Apr 28, 2023
While the percentage of women-owned businesses in the United States is quickly approaching nearly half of all U.S. businesses, women in business still face many obstacles their male counterparts may not have to contend with, such as greater difficulties with securing funding and higher rates of workplace discrimination. As women entrepreneurs themselves, the following members of Young Entrepreneur Council have experienced many of these hurdles and have overcome them in order to achieve success. Here, they each discuss one piece of advice they'd give to any young woman looking to start her own business and why they wish they had heard that advice when they first started out.
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When it comes to finding funding for a new business, aspiring entrepreneurs have a wealth of options to select from—from completely bootstrapping the business themselves to bringing on investors who can act as business partners in addition to providing funds, to everything else in between. The trouble doesn’t necessarily lie in the lack of opportunities but instead in weighing the pros and cons of each and choosing the right one for you and your business. To help provide some clarity, the members of Young Entrepreneur Council discuss some of the more common funding sources for startups, what disadvantages they see in them and what they personally recommend you consider instead. Consider their points of view to help determine the best course of action for your business.
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With the U.S. alone exceeding $1 trillion in e-commerce sales in 2022, it’s no surprise that businesses are looking to innovate in the online shopping space. From more eco-friendly packaging options to implementing technology such as augmented reality and artificial intelligence, there are a number of growing trends that entrepreneurs and industry leaders are excited to see take off in the near future. To share their own insights into the world of e-commerce, 10 members of Young Entrepreneur Council discuss some of the top e-commerce trends or innovations they're excited about lately, as well as the impact they see those trends having on their businesses or other businesses in the future.
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Especially when first starting a business, finding customers can be one of the most difficult aspects of getting your company off the ground. However, even more experienced businesses can struggle to find customers if their approach isn’t dialed in. In this digital era, focusing on your digital marketing efforts can be an effective way to reach the right people. To provide further insights, nine members of Young Entrepreneur Council offer their best tips for improving your digital marketing efforts to find not only more customers but also the right customers as well as achieve greater success as a business.
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We are in the middle of a modern age of video advertising, and marketers are feeling the shaking consequences.
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Everyone has a blend of strengths and weaknesses; fortunately, with work, it’s possible to improve both the strong and the weak points. To be an entrepreneur and an effective leader, it’s important to recognize areas where you may need help or improvement and to actively work on those areas so that you—and your business—can continue to grow. But determining how to improve oneself isn’t always easy, so to help, nine members of Young Entrepreneur Council discuss some of the ways in which they actively work on their weaknesses in order to grow as leaders and business owners.
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Entrepreneurs and business leaders are always on the lookout for great ideas and inspiration. Innovating, implementing new policies or redesigning current products all require a creative mindset to accomplish, and finding the right inspiration can help get you in that perfect headspace. However, sometimes inspiration comes when you least expect it. The members of Young Entrepreneur Council have all felt inspired at one time or another, but below, eight of them recall some unusual places and ways they found business inspiration and discuss what occurred after they acted on it.
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The early days of building your startup are all about trying to grow as leanly as possible, so finding areas where you can cut costs and save a little bit of money is essential to your success. But where exactly does it make sense to cut costs? How can you do so without sacrificing quality? Below, the members of Young Entrepreneur Council answer these questions and more with their list of eight money-saving hacks they’d recommend to new entrepreneurs. Follow their advice to grow your startup on a budget—and pave the way for your business’s future success.
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Rebranding is a significant, but sometimes necessary, step in a business's journey; however, if it's not done right, it may backfire. What an entrepreneur thought may have been a great way to update their brand to something more modern and in alignment with their company’s values could end up being a nightmare of confused customers and lost sales. To prevent this situation from happening, consider the following advice from the members of Young Entrepreneur Council. Here, they each share one critical yet common rebranding mistake businesses tend to make and what their leaders should do instead if they want to come out successful on the other side.
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Building a personal brand as an industry expert is no doubt one of the best ways to draw attention to your business. But it’s not just about having new ideas—when trying to build your reputation as a thought leader and expert in your field, connecting with others should be high on your priority list. After all, sharing your thoughts and experience is nothing without an engaged audience to listen to it. So how do you balance connection and creating interesting content at the same time? The members of Young Entrepreneur Council have a few ideas. As business leaders themselves, they have experience building up their personal brands as thought leaders and industry experts, and below, they share seven ways you can authentically connect with others while making the positive impression necessary to build a loyal and engaged audience.
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Though it’s just one of the many duties managers have, ensuring their teams are healthy, strong and efficient is perhaps one of the most important. Strong teams are able to work together effectively to solve problems and brainstorm creative ideas. They can tackle any problem that comes their way, and they are able to strive for greatness without succumbing to burnout. But no team becomes this way by accident. A strong team requires a strong manager to lead it. To that end, the members of Young Entrepreneur Council discuss eight steps managers should be taking on a regular basis to ensure their teams are healthy, strong and efficient—as well as how these steps will help them work together better in the long run.
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No one enjoys having difficult conversations—especially with their boss. However, whether it’s about a problem with a co-worker, a mistake that’s been made or a disagreement on a project, difficult conversations are often necessary in the workplace and can help you and anyone else involved move forward and grow as a professional. But, that doesn’t make approaching your boss with a problem any easier. To help you learn how to do it right, eight leaders from Young Entrepreneur Council offer their advice. Here, they share tips from a leadership perspective for how to approach your manager or boss with a difficult conversation in a way that reduces your anxiety and allows you to succeed.
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As your business grows, it's important to regularly assess whether your current software-as-a-service (SaaS) vendor is meeting your needs. Some factors you can evaluate periodically are whether the vendor is able to scale with your business, provide necessary features and offer the level of support that you require — and if the answer is “no,” it may be time to move on to a new provider. To help you understand whether you've outgrown your current SaaS vendor, a panel of Young Entrepreneur Council (YEC) members answered the following question:
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Due to the monotony of everyday life and the frequent stress that comes with living in the modern world, many people often have trouble getting into a creative headspace or just thinking creatively in general. This comes as bad news for those in the business realm, as the ability to think creatively is essential to the problem solving and innovating necessary to succeed as an entrepreneur. So what can be done to improve your ability to think creatively? The members of Young Entrepreneur Council have a few recommendations. Below, they share eight actions someone can take now to start improving their creative thinking skills over time and explain why taking these steps is so effective at achieving the intended results.
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Feb 23, 2023
As some investors become increasingly risk-averse, it's crucial for companies to demonstrate their resilience and ability to adapt to a rapidly changing market.
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As any seasoned entrepreneur knows, building a strong leadership team is critical for the success of any organization. When it comes to hiring C-suite executives, there are many factors to consider, including experience, expertise and cultural fit. However, there are certain nonnegotiable traits that should be at the top of every leader's list when evaluating candidates. Below, seven Young Entrepreneur Council members explain which traits are critical for C-suite hires and how those traits can impact their ability to lead effectively. By looking for these traits during the interview process, leaders can make better hiring decisions and build stronger, more resilient organizations.
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For brands that are trying to better their diversity, equity and inclusion efforts, there’s no better partner to help you than your own customers. Often a diverse group themselves, your customers are a valuable resource to help you learn what they’d like to see from your company, what you can do to ensure their happiness and how you might improve your initiatives moving forward. To best tap into their insights, there are a number of different strategies you can use. Below, nine members of Young Entrepreneur Council discuss what companies can do to get their customer base involved in their DEI efforts and how this kind of engagement ultimately improves their relationship with their customers.
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When you're feeling burned out or overwhelmed with the constant struggle to balance work and life, it can often feel like you don’t have any time to dedicate to self-care or getting yourself back on track. However, you don’t necessarily need an hour of meditation or a long workout to get your mind in a better state. Often, five minutes of intention is just the right amount of time to get you the motivation you need to push forward. Here, the members of Young Entrepreneur Council share 10 of their favorite quick, five-minute-or-less tactics anyone can use to banish overwhelm and achieve a better mental state.
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Deciding to franchise your business is a big step in entrepreneurship and there are many factors to consider before doing so. Aside from ensuring that your main business has enough financing to support your overall brand, there are legal processes that need to be completed, hiring that needs to be done, and branding procedures that must be solidified. Here, 11 Young Entrepreneur Council members note some specific questions to ask yourself when thinking about franchising your company and why you need to do so.
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Though TikTok may be receiving a lot of press as of late, steadfast platforms like Instagram still reign supreme, with around 4.25 billion visits per month and 1.39 billion daily global active users alone. This means marketers and social media managers should always be thinking of ways to engage their followers and create meaningful content that will garner attention. But for new businesses especially, gaining traction on social media can be an uphill battle. To help, the members of Young Entrepreneur Council recommend eight tips for increasing engagement on your business’s Instagram and explain why these tactics are so effective no matter how large your following.
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Everyone makes mistakes from time to time, and entrepreneurs are no exception. With so many pressures and responsibilities that affect not only themselves, but also their employees and customers, it’s almost inevitable that an entrepreneur will occasionally make a bad decision. However, sometimes big mistakes can lead to big consequences that can tarnish the entrepreneur’s reputation. But that doesn’t necessarily mean there’s no possibility of redemption. Here, eight Young Entrepreneur Council members discuss what an entrepreneur can do if they’re looking to improve their personal brand after making a mistake and why these methods are so effective at turning things around.
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One of the first steps entrepreneurs should take after starting their business is getting word out to the public and attracting potential customers via marketing. A customer can’t find and make a purchase from a business unless they first hear about it, and this means marketing should be top of mind for any entrepreneur looking to grow their business. But when you’re new to entrepreneurship, you may not know the most effective ways to market to your audience, which could cause you to make a mistake that might unintentionally damage your efforts. Here, nine members of Young Entrepreneur Council share some of the mistakes new entrepreneurs might commonly make when it comes to marketing their business, why they fall into these traps and what they should do instead.
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Executive team leaders serve as role models by supporting the company mission, maintaining a high standard of work output, encouraging individual growth and leading the company to success. A member of an executive team must wear a lot of hats, so business owners should carefully consider who would be a good fit for such a key position. To help, the members of Young Entrepreneur Council (YEC) reflected on the following question:
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Entrepreneurship is all about looking for new opportunities. Whether that means opportunities to make more money or opportunities to make a difference in a new way, entrepreneurs often keep a close eye on the business world at large, taking note of what ideas are succeeding and which need to go back to the drawing board. When a business or whole industry makes an impact, savvy entrepreneurs take notice. As business leaders themselves, the members of Young Entrepreneur Council also like to take advantage of new opportunities. Here, six members speculate about the industries they would start businesses in today if they weren’t involved in their current businesses and discuss why they believe these industries are so promising for the future.
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As the online landscape becomes increasingly competitive, rich product photography is more important than ever for e-commerce stores.
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When you first start your business, you must essentially build your company culture from the ground up. This can often mean taking the personalities and values of your small team into consideration and also defining what the overall values and mission of the company will be. But as your company grows and you add more team members into the mix, the original culture can get muddled or lost entirely as you face new challenges. But that doesn’t mean you can’t return to that same culture once you find your way. To help, eight members of Young Entrepreneur Council each share one tip they’d recommend for how to maintain your desired culture as you begin hiring more people to your team.
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When your business rolls out a new product or service, you and your team hope that it's effective and meets the needs of your customer base. Unfortunately, there are instances where that product or service simply isn't working as intended for your buyers — and it's up to you as a business leader to determine whether this is the case. To help you make this determination and understand your next steps, a panel of leaders from Young Entrepreneur Council (YEC) answered the following question:
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While it’s often the horrible customer service experiences that go viral on social media or become the topic of discussion over dinner, when asked, most people could likely think of a time when they experienced really excellent customer service. From a friendly attitude to a personalized solution, there are plenty of reasons why these experiences might stick in our minds. For the members of Young Entrepreneur Council, positive customer service experiences are learning opportunities for the future. Below, they share what they learned from specific customer service interactions and why they chose to implement these lessons into their own company processes.
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The end of any year is often a time of reflection and self-awareness, with many people taking the time to look at both what went well and what went wrong, as well as what they can do to improve over the next 365 days. For leaders, it can be a time to reflect on their own leadership style, their strengths and their weaknesses. Over the past year, the members of Young Entrepreneur Council have learned a lot about how to be great leaders and what it means to lead others. Below, they share 10 of the lessons they learned and why they think these are important lessons any entrepreneur can glean insights from.
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Whether it’s an unhappy complaint or a five-star review, customer feedback can be an invaluable resource for company leaders looking to improve upon their products, services or business operations. This feedback can spark either minor or major changes, but both can have a big impact on customer satisfaction and overall sales if implemented correctly. To share some of the most informative feedback they've ever received from a customer, eight members of Young Entrepreneur Council relay their stories below. Here’s what customers had to say about their products or services and the lessons these business leaders learned as a result.
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Obtaining an accurate valuation of your business isn’t just about determining how much your company is worth; it’s about figuring out where your business stands today and the potential it has for the future. In this way, accurately valuing your company is a vital first step in growing your business and bringing on board investors who can help you do just that. To ensure you’re taking the right approach with your valuation, consider this advice from the members of Young Entrepreneur Council. Below, they offer their top tips for determining your company’s valuation prior to fundraising and how doing so will set you up for future success.
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In an effort to be unique, informative and persuasive, many businesses can end up with overly complicated and wordy websites that may be doing more to push customers away than pull them in. When it comes to building an effective website, often simplifying its content and design is the most effective approach, giving visitors the space they need to find the answers to their problems. But when you’re trying to ensure visitors have all the information they need to determine your product or service is the best solution for them, you may not know where to start reining it in. To help, eight members of Young Entrepreneur Council each offer one piece of advice they'd give well-intentioned business owners for simplifying their websites and why these tips are so effective.
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Nov 14, 2022
All businesses need some sort of investment to get started. Whether that money comes from the entrepreneur, their family and friends, an investor or some other solution, if you don’t have experience raising money, it can be easy to fall into certain traps or attempt certain strategies that may seem like smart moves at the time but actually end up sabotaging your efforts later on. To help ensure this doesn’t happen to you, the members of Young Entrepreneur Council share some guidance below. Here, they discuss the biggest mistakes they ever made while trying to raise money for their startups and what they recommend others do to avoid making those same mistakes.
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When just starting out, many new business owners don't have all the financial tools or experience they may need to run a business successfully. They may rely on their peers, what information they can find online and various business books to get them started, but nothing can truly beat experience when it comes to knowing how to handle and succeed with money in business. That’s why eight members of Young Entrepreneur Council offer their best guidance below. Here, they each share one financial tip they wish they had known when they got started, and why this advice can help any entrepreneur get their business off the ground successfully.
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Cybersecurity becomes more important with each passing day, as advancements in both technology and the methods used to hack into it continuously evolve. But while the tech world continues to move ahead at a fast pace, not all business leaders are able to keep up. Though they may have a basic understanding of how to keep their technology and data safe, they may not be aware of all the various strategies they could employ to improve their cybersecurity efforts. To help, eight members of Young Entrepreneur Council discuss several cybersecurity "checkups" companies should be conducting on a regular basis to ensure their data and tech are secure and why these efforts are so vital to the ongoing success of any business.
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One of the hurdles many young entrepreneurs face is being taken seriously by other established leaders in their field. Even potential clients can often have a difficult time trusting a young, new-to-the-field entrepreneur with their projects and requests. But age and lack of experience don’t have to create an insurmountable barrier. Below, 10 members of Young Entrepreneur Council offer the advice they would give to any young entrepreneur facing this hurdle right now and explain why these particular tips helped them in their own journeys as young entrepreneurs.
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While waiting until an employee leaves the company may not be the ideal way to receive feedback about your business, exit interviews can provide a wealth of vital knowledge that can help business leaders make changes to their company processes and policies for the better. Employees are often more honest and open when leaving their positions, and their feedback can shed light on issues leaders may not have even known existed. However, to ensure you don’t have to wait until an employee leaves to start implementing changes, eight members of Young Entrepreneur Council list the top lessons they learned from exit interviews and the impact those lessons had on the way they run their businesses now.
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Oct 17, 2022
Undoubtedly, timing is the baseline for success for a significant chunk of mobile apps and startups. Thus, a timely exit is also an intelligent move founders and developers may want to consider.
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With so many companies competing for consumers' attention on social media, creating compelling, unique advertising campaigns is a great way to stand out. On Facebook in particular, there are a few key strategies that can help you target your audience effectively. As successful business leaders, the members of Young Entrepreneur Council have extensive experience developing and executing successful Facebook ad campaigns. Below, nine of them each share what they believe is the most important element of a great Facebook ad campaign and why it's so effective at capturing users' attention.
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One of the biggest challenges of getting a new business off the ground is gaining traction in your target market. Building awareness requires an effective public relations strategy that can create a steady stream of positive news about your company. When you're on a small startup budget, you may not have the immediate resources necessary to hire a PR firm. Fortunately, there are some simple strategies you can employ to drum up publicity yourself. Here are 10 ways to encourage positive press for your business, as recommended by the members of Young Entrepreneur Council.
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As technologies advance, companies collect more data and the trust consumers once had for those companies wanes, new laws surrounding consumer privacy are going into effect, constantly changing the way businesses learn about and sell to their customers. Such laws would put customers back in the driver’s seat, giving them control over what data they would like to share and when. But even so, one responsibility of every business leader is safeguarding the data and privacy of their customers, and this means they must pay attention to these changing laws in order to best protect any data they do have. Here, eight Young Entrepreneur Council members share the key points every business leader should know about changing consumer privacy regulations and why they’re so important to understand.
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In marketing, attracting new customers is only one half of the equation; businesses must also focus on how to keep those customers once they earn them. Sending customer retention emails is one way to help accomplish this. But simply asking customers to make another purchase likely won’t be effective—and could come off as pushy, which may turn off otherwise interested customers. So what’s the right approach to take? What should businesses include in these emails, and why? Below, the members of Young Entrepreneur Council each name one tried-and-true tip they have for effective customer retention emails and explain why these tips help keep customers engaged and coming back for more.
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Innovation is often a key driver for long-term business success, but in order to properly innovate, you have to get creative first. A creative flow state, or any length or period of time during which a professional can think and create uninterrupted by distractions or intrusive thoughts, can be beneficial to those aiming to generate quality ideas in less time—but getting into this state isn’t always the most straightforward task. To help, six members of Young Entrepreneur Council share their best tips for getting into a creative flow state and explain how these methods help them achieve their creative goals.
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Small businesses have taken a hit over the past few years with pandemic-related supply chain issues and increased inflation. Throughout these challenges, many business owners have been able to pivot and thrive in the current climate. However, there is always room for continued financial improvements to promote sustainable long-term growth. To help, 10 members of Young Entrepreneur Council (YEC) answered the following question:
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Sep 14, 2022
Releasing a mobile app is often an exciting next step in many entrepreneurs’ journeys after their websites are up and running successfully. However, in the excitement of building and launching their mobile app, it can be easy for an entrepreneur to forget one of the most fundamental aspects of creating this technology: protecting it. With cases of cybercrimes only predicted to rise in the coming years, not making cybersecurity a priority puts your app—and those who use it—at risk for data theft, lost money, fraud and much more. Here, the members of Young Entrepreneur Council discuss some of the precautions companies can take to safeguard their mobile apps against cyberattacks and cybercrimes. Taking even just one of the following precautions can put you and your business in a much more secure place.
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As companies continue to face supply chain issues across the board, many are looking for solutions to help them get back on their feet and heading toward “business as usual.” Even when the current supply chain storm passes, savvy business leaders will be looking ahead and preparing for the next time processes go awry. To help, nine members of Young Entrepreneur Council share their advice for how entrepreneurs can weather the current supply chain storm, and explain how these tips can help them build better processes for the future.
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While you may have started your company blog with a wealth of original, valuable content ideas, after a particular length of time in business, you may find your creativity lacking and your blog content suffering with the same old topics and ideas. With so much content already out there on the internet, it can be difficult to constantly generate new ideas that your audience will be interested in reading. But according to the members of Young Entrepreneur Council, there are a number of ways you can revitalize stale blog content. Below, they discuss these strategies and share their advice for giving your blog content a much-needed creative boost.
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When a potential employer reads your resume, they often have a checklist of items they’re looking for. They may want to see that you have the right certifications or degree, that you have a certain number of years of experience under your belt or they may be looking for a particular set of skills. But even if you qualify on paper, the employer may still have a few lingering questions they’ll need answered before they can decide to move forward with your application. Below, nine business leaders from Young Entrepreneur Council list a few of those questions and explain why your resume should always address them. Consider their advice to ensure your resume has the best chance of impressing your potential new boss.
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When you're feeling anxious about a presentation, a looming deadline or even a decision you made, relaxation is likely the last thing on your mind. However, the business world is full of stressful situations, and if you want to navigate it successfully, you’ll need to pick up a positive habit or two that can help you cope when things get tough. Anxiety doesn’t have to overwhelm you, and with the following eight tips, you’ll be better equipped to deal with it when it happens. From acknowledging your anxiety to leveraging silence, here are a few tricks you can use to get back in a healthier mindset, as recommended by the members of Young Entrepreneur Council.
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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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Members of Young Entrepreneur Council share their insights on what makes effective ad copy. When it comes to advertising campaigns, you can tell when a brand has knocked it out of the park. The message is concise but impactful, and it communicates what the reader needs to know while drawing them in to learn more. Equally clear is when ad copy has missed the mark and produced an ineffective campaign. Fortunately, brands can follow a few basic principles to produce excellent, conversion-worthy advertisements. To that end, 14 members of Young Entrepreneur Council offer their descriptions of the best ad copy and why they believe every marketer should meet these standards.
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Business travel is an excellent opportunity to make new connections and close deals. However, between transportation, meals, accommodations and other per diem expenses, it's easy for a traveling professional to rack up a hefty bill. To help busy travelers find ways to keep costs down during a business trip, a panel of Young Entrepreneur Council (YEC) members answered the following question:
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While they may be effective in drawing in more customers, many ad campaigns come and go, doing just enough to catch audience attention and increase brand awareness. However, there are other campaigns that truly stick with an audience—be it a niche group or even an entire generation. These campaigns are not just memorable, but they’ve often become part of popular culture. Whether it’s with their humor, their emotion or their important message, these ads inspire and entertain all while teaching other companies what makes a truly effective campaign. Below, eight members of Young Entrepreneur Council describe the ad campaigns they greatly admire and the lessons they’ve learned about advertising and beyond.
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Negotiating your salary—especially when you haven’t officially gotten the job—can be a frightening prospect. Obstacles like imposter syndrome or inexperience can make you feel as though you should just accept the company’s original offer and move on, but it’s important to know your worth and to advocate for yourself if you believe you deserve a higher salary. However, even if you build up the confidence to negotiate, knowing exactly what to say—or what not to say—is yet another obstacle to overcome. To help, 10 members of Young Entrepreneur Council each share one thing you should never do if you want to successfully negotiate your salary, and why doing them might actually hurt your efforts from the start.
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Marketing is one of the most vital aspects of business, as without any marketing efforts, your target market won’t ever hear about or find your product or service. But because of its importance, that also means marketing can come with some tough decisions. Whether it’s about what direction to take, who to work with, what your messaging should be or where to allocate your resources, these choices can have a major impact on the potential success of your product or service. When you’re tasked with making these decisions as a leader—no matter if you make the right ones or the wrong ones—you’re bound to learn something along the way. Below, the members of Young Entrepreneur Council describe their toughest marketing decisions and the lessons they learned as a result.
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When you have an idea—whether it’s a simple tweak to an ongoing project or a major overhaul to an ineffective work process—and you want to share it with your manager, pitching it can be as simple as walking into their office or messaging them on Slack and explaining the idea. However, if you want to ensure your pitch is successful, you may need to think through your overall strategy first. As business leaders, the members of Young Entrepreneur Council have listened to many pitches from their employees. In order to help you succeed, they recommend the following 11 tips for pitching an idea to your manager and explain why this advice will help you sound a lot more convincing.
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Innovation comes from teams working together to collaborate on projects and share ideas. However, when ideas aren’t flowing as they should, a little friendly competition can offer a boost of creativity and innovation. Healthy competition is good for a team and its productivity, but it’s important to do it right. To help, a panel of Young Entrepreneur Council members offer some ways leaders can foster healthy competition at work, and explain how doing so can benefit the company.
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In 2022, employers are still feeling the effects of the Great Resignation as employees continue to quit their jobs in droves. Research points to burnout and dissatisfaction as two of the main reasons people are leaving their organizations in favor of more "meaningful work." If you want to define and achieve meaningful work for yourself, read on for some key insights from the members of Young Entrepreneur Council. Below, 10 of them share how their definitions of “meaningful work” have changed throughout their careers and how other professionals can achieve their own versions of meaning in current or future jobs.
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It’s not uncommon to hear the phrase, “Well, that could’ve been an email,” when leaving a meeting the attendees considered to be a waste of time. Whether it’s because the discussion fell off track or the intent was never all that clear, there are a number of reasons why nearly three quarters of meetings are considered to be unproductive. So when those meetings occur that simply can’t be resolved with a simple note or email, how can leaders ensure that they’re making the best use of everyone’s time? Below, a panel of Young Entrepreneur Council members discuss some of the steps leaders can take to make sure their next meeting is actually useful and productive for all involved.
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In the remote work era, the boundaries between work and personal time have become increasingly blurred. But regardless of work environment, industry or even job level, it can be difficult to "turn off" work when the day is done, leaving professionals to struggle with consequences like burnout, mental health crises and increased stress levels. As experienced business leaders, the members of Young Entrepreneur Council know that a poor work-life balance can be a significant obstacle on the road to success. Below, 10 of them share some clear signs that you might need to improve the balance between your personal and professional lives, as well as how you can achieve it.
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Jul 11, 2022
By improving efficiency and eliminating human error, automation might be the best move for businesses in today’s age.
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The good news is all of these AI pitfalls can be easily resolved if not avoided outright.
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Nov 5, 2021
Marketers often target specific demographics for marketing campaigns, but PR campaigns are more public-facing.
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May 3, 2021
When a business posts a job online, it aims to garner the interest of the most qualified professionals in the field. Just like advertising, getting the job in front of the right eyes is crucial to its success. But with thousands upon thousands of job postings out there, what can a business do to ensure that their online job listing doesn't get buried under the clutter? To share their insights, nine experts from Young Entrepreneur Council (YEC) answered the following question:
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Members of Young Entrepreneur Council explain what every prospective smart home system owner should think about before making an investment. From video doorbells to smart locks to thermostats, smart home systems can be incredibly beneficial for homeowners. They can make tasks simpler and make your home run more efficiently. However, there are a few things homeowners should know before installing one. To help you prepare for this investment, 13 members of Young Entrepreneur Council discuss what they believe all consumers should know before purchasing a smart home system. Keep these insights in mind as you're shopping for your next device.
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Members of Young Entrepreneur Council explain the first steps a business should take upon discovering a negative review. No one likes to receive bad reviews or negative feedback from customers. Often, business owners may feel they’re personal attacks or a competitor trying to start trouble. Rather than responding with patience and an open mind, some businesses lash out and become defensive. While it may feel justified in the moment, the only thing you're doing is adding fuel to the fire—and potentially making the customer angrier. If you want to handle a negative review tactfully and efficiently, try one of these strategies recommended by the members of Young Entrepreneur Council.
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If you want to lead, you may want to nurture these traits first. Many people want to be influential, to be able to lead and solve problems and create real change in the world. But not everyone knows what it takes to get there or what qualities one must have in order to achieve that influence. If you study someone you find influential, however, you’ll likely find they have certain characteristics that help them seem that way. But what are these elusive traits? Here, 13 professionals from Young Entrepreneur Council examine this by answering the following question:
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Members of Young Entrepreneur Council share their favorite resources to help you stay abreast of industry changes. The tech industry is notorious for moving quickly and abruptly. If you want to stay relevant in the field, you’ll have to be able to identify and adapt to changes and new trends. However, keeping up is a daunting task, even for the most seasoned tech professionals. For newcomers, it’s important to build up a collection of reliable resources to help maintain industry knowledge. For guidance on where to start, a panel of Young Entrepreneur Council members shared their favorite platforms and resources to help you stay up to date with industry changes.
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When an entrepreneur starts a business, the immediate concern is how much it will cost to set up. Cost can sometimes seem like a barrier to entry for those hopeful business owners looking to get started on a budget. Luckily, evolving tech has provided many free alternatives to the paid tools other professionals use. But with so many of these tools on the market, you could spend months sorting through them to find the ones that work best for you and your business. To help you narrow down the list, 15 leaders from Young Entrepreneur Council offer their best suggestions for free tools that solopreneurs can use to help keep startup costs down.
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Mar 9, 2021
Members of Young Entrepreneur Council share their best tips for combating the discouraging thoughts that plague many entrepreneurs. As you're tackling challenges in business, it can be easy to fall into the trap of negative self-talk. This pattern of behavior, while common, can be extremely discouraging and leave you mentally and emotionally depleted. To embrace your fullest potential, you’ll want to become your own biggest advocate and engage in healthier, more empowering dialogue with yourself. Below, a panel of Young Entrepreneur Council members shared their best strategies for overcoming the toxic, negative self-talk that can hold you back as a business leader.
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Members of Young Entrepreneur Council discuss how you’ll know when it’s time to consider a career switch. From decreased motivation to frustration with the industry, every professional faces ups and downs in their career. It’s quite common for even the most passionate employees to fall into a funk, then come through the other side of it just as fulfilled as before. However, those negative thoughts or feelings you’re experiencing can also signify something deeper. Below, the members of Young Entrepreneur Council share some of the signs you may actually be ready for a significant career move. Read on to discover if you’re just in a temporary funk or if you need to consider making a change.
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Whether through branded content on social media or print ads for specific products, consumers often first encounter a company through its marketing efforts, and reaching target customers both online and offline is integral to a brand’s success today. However, if these strategies aren’t aligned, the messaging at different touch points can be diluted and inconsistent, which could end up confusing consumers rather than tempting them to learn more about the company’s offerings or make a purchase. Below, nine leaders from Young Entrepreneur Council discuss ways to seamlessly unify online and offline marketing strategies and explain why connecting the two is critical to a business’s success.
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Members of Young Entrepreneur Council share some basic how-to tips for small businesses that want to use cloud computing. From data storage to web-based software solutions to cloud hosting, many companies rely on some form of cloud computing to streamline their day-to-day operations. This technology has been a game-changer across industries in recent years, especially in today's world of remote work where employees need anywhere, anytime access to important company files. Using the cloud can help small businesses scale their operations to new heights. Below, 12 members of Young Entrepreneur Council share their best advice for small business owners looking to grow their business through the use of cloud computing.
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Members of Young Entrepreneur Council share how to prepare your company for greater integration of artificial intelligence and automation. As modern technology continues to advance, artificial intelligence (AI) and automation are playing an increasingly vital role in the workforce. Routine, recurring tasks are being automated in nearly every industry to save time and money. As we rapidly approach the start of the “AI/automation revolution,” businesses may be wondering how they can leverage this technology to their advantage. To help, the members of Young Entrepreneur Council share 14 ways companies can prepare for this upcoming revolution to maximize their future success.
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Everyone feels down from time to time, even entrepreneurs. Constantly surrounded by others who are seemingly experiencing success, business leaders can sometimes have a hard time reminding themselves of their own potential. This mental hurdle can be a massive one to overcome, but the key to feeling knocked down is having plans and strategies for how to get back up. Below, 11 members of Young Entrepreneur Council share their best tips and personal methods for dealing with this type of negative thinking.
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Entrepreneurs share their favorite tools, apps, and software for managing and interacting with customers. Connectivity is of the utmost importance in the modern world. In business particularly, social media, email, and other outreach methods have the potential to engage consumers like never before. In such a highly connected society, a business that doesn't leverage these tools for consumer engagement is at a disadvantage compared to its competitors. This is why many businesses utilize several channels of communication to ensure that their customers always feel engaged. But what sort of tools do they use to accomplish that job? Here, 18 members of YEC discuss their favorite tools, apps, and software they use to drive customer engagement efforts and connect with their audiences.
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Social media has changed how businesses and entrepreneurs interact with their audiences. In the past, you were required to go out and meet in person with your customers to establish a rapport with them. The internet has mostly simplified this, making it much easier to engage an audience on a social media platform. Yet even this level of engagement can be overwhelming for more introverted business owners for whom networking and conversation don’t come as naturally. Why then should a business owner still try to engage their potential customers online? Online customer engagement has many tangible benefits for businesses. Here, eight professionals from Young Entrepreneur Council discuss some of these benefits, highlighting the importance of engaging on social media for even the most introverted entrepreneurs.
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Members of Young Entrepreneur Council offer some effective ways to keep users coming back to your mobile app. Everyone with a smartphone or tablet uses mobile apps, and businesses have increasingly seen the value in creating their own. However, it’s hard to stand out in crowded app stores where many competitors are doing the same thing. Even if you do get people to download your app, the real challenge lies in getting them to come back and continue using it. To help, we asked 13 members of Young Entrepreneur Council how they recommend engaging and retaining mobile app users. Here are their suggested strategies and why each is so effective.
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Technology has given us a plethora of options for speeding up our workflows. From automation software to artificial intelligence chatbots, we can leverage a significant amount of tech to make demands on our time much less burdensome. However, not all entrepreneurs utilize the benefits tech offers them to its fullest potential. This lack of adoption is partially due to how many options there are available and how obscure some of the methods are. Luckily, these eight professionals from Young Entrepreneur Council have some tried-and-true tech hacks that can significantly improve the efficiency of your business processes.
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Members of Young Entrepreneur explain how hands-on CEOs can get more comfortable with delegation. When you first started your business, you were likely very hands-on with all aspects of your company. As you've grown and hired people, you may have found that you're struggling to step back and let go of the day-to-day tasks that helped get the company off the ground. While it's good for a CEO to remain involved in their business, it's also important to know when to delegate and start giving more power to your employees. This can be tough for someone who's used to doing everything themselves, but there are ways to practice and get better at handing off business tasks. To help, we asked 13 members of Young Entrepreneur Council to share their best delegation strategies for CEOs who want to empower their teams. Here's what they recommend.
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End-of-year reviews are an essential tool to gauge the business's effectiveness and efficiency over the previous year. Unfortunately, few businesses implement a review, and some that do only look at the cursory metrics that would give them a basic understanding of the company's strengths and weaknesses. An in-depth review is necessary if the business wants to learn where it can improve and how to do so. If you haven't gotten started on your year-end review, it isn't too late to do so. Seven experts from Young Entrepreneur Council shed some light on what businesses can do specifically to get started on their year-end review and explain why these steps are crucial for the review's success.
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Dec 21, 2020
Self-doubt can be debilitating for some individuals. If you're trying to advance your career, the belief that you’re not good enough can quickly put an end to those aspirations. It can make you feel less confident about your abilities, which in turn can make you seem less trustworthy and dependable to others. If you can't believe in yourself, will anyone else? Sadly, self-doubt feeds a negative feedback loop, leading to a spiraling of emotions that may leave you scrambling to find a way out. To help guide you, thirteen experts from Young Entrepreneur Council share some valuable tips on how professionals can seek to conquer self-doubt, and explain why these suggestions can be so practical at helping you overcome this debilitating mental state.
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A company’s valuation relies on the entire economic value of the whole business unit, taking into account investor agreements on how much the company is worth. Finding the sweet spot of your company’s valuation can make or break someone’s decision to invest in your company entirely. We asked 10 members of Young Entrepreneur Council their top tips for determining a company’s valuation prior to fundraising proceedings. Here, they explain why these tips are key to raising a successful round of capital and the future valuation of your business.
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When you’re young and inexperienced, stepping up to a leadership position can be more difficult than usual. Without a strong standing in their industry, a new entrepreneur may not be able to navigate the terrain as easily as others. However, these leaders can still bring fresh perspectives and ideas to the table. We asked nine Young Entrepreneur Council members how younger founders can demonstrate their thought leadership and novel viewpoints to others in their field. Here's how to step up and show your expertise, even if you haven't been in the industry for long.
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Everyone online shopper has added items to their cart, only to close out of the website before completing the purchase. This behavior has led to an average online cart abandonment rate of 60% to 80% for many e-commerce sites. Whether consumers aren’t a fan of the price or decide to look elsewhere, businesses must figure out why customers are abandoning their purchases so they can address those issues and encourage completion of the sale. That's why we asked 14 members of Young Entrepreneur Council how companies can lower their online cart abandonment rate. Read on to learn how you can improve conversions on your e-commerce website.
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Dec 2, 2020
16 entrepreneurs from YEC share their favorite sales automation tools and strategies and explain why they work. Businesses have all embraced the reality of a technologically advanced society. Emerging technology has made it easier than ever before to interact with customers and shorten the time it takes to get processes done. A significant amount of businesses have embraced cutting-edge technology because they see it as a way of making their systems more efficient. One of the best examples is the adoption of artificial intelligence bots in customer service scenarios. However, as widespread as this usage is, it's not the only way companies have engaged emerging tech to make their business operate better. Sales automation is another practical use of emerging technology that businesses have managed to latch on to. Automating the sales department requires a bit more involvement, but it covers several different areas. Sales automation covers automatic lead generation and sequencing, development of automated reports using analytics guidelines, and alerts for data coming in that affects the sales process. These areas are crucial in determining the viability of prospects and in generating new leads. Throughout the business community, the idea of sales automation has pushed individual companies to look at many different methods of doing this task. Thanks to the demand, there are a vast number of sales automation tools available for businesses nowadays. We asked 16 experts from YEC to talk about the software suites and strategies they use for sales automation and explain why tools suites work so well for their own companies.
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Public speaking is a great way to gain exposure for your brand and a reputation for expertise in your field. Events with an audience allow for transparency and vulnerability—two key pieces to success when you're working to build a brand that consumers are eager to engage with. Speaking events also help you show off the core solutions your business has to offer. The pandemic may have slowed in-person conferences and presentations, but it's likely a temporary effect—and there are plenty of virtual opportunities out there right now. We asked 10 members of Young Entrepreneur Council their advice on finding great speaking engagements to build up your brand. Here are their recommendations for tracking down the best opportunities for you.
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Occasionally, a business may require a part-time chief financial officer because their full-time employee has left or transitioned to a new portfolio. A part-time CFO doesn't need to have the same skill set as the original office-holder. However, to be successful in their endeavors on behalf of the company, they need to have a series of qualities making them suitable for the position. CFOs are responsible for the company's economic health and well-being, and these traits are instrumental for them to understand unspoken truths about the business. Below, 11 members of Young Entrepreneur Council weigh in on the critical qualities that part-time CFOs should demonstrate and why these characteristics are so crucial to the role.
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Entrepreneurs can be easily distracted. Whether it's new ideas popping into their heads or the demands of their businesses, distractions abound and can easily steal away your focus. However, in many situations, you'll need to have all your wits and focus on you if you're trying to resolve a problem. Developing a method to maintain concentration when you most need it is crucial to the success of your business and yourself as a business owner. To help, we asked 11 members of YEC what they usually do to achieve uninterrupted focus. Below, they share some of their secrets, as well as valuable advice on how other entrepreneurs could incorporate these behaviors into their schedules, helping them achieve better focus.
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With most people working from home and away from their office’s internal server, data security is a pressing concern for employers. Companies and employees must make security a priority and understand how to keep their data safe when they’re working outside of their business’s secure network. To help, we asked members of Young Entrepreneur Council for their best advice on how to keep corporate files safe while working from home. Below, 12 of them shared their insights for remote workers and employers.
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LinkedIn is often thought of as the go-to social network for professionals, but it’s more than just a social media platform. It’s a powerful marketing tool for brands to engage with customers, employees and business partners. With new features such as live video, polls and team moments, LinkedIn is offering innovative ways to foster engagement and share content on its platform. We asked the experts of Young Entrepreneur Council how business owners and other professionals can best leverage the platform's new tools. Follow their tips to up your LinkedIn game in 2021.
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A business is only as good as its employees. In order to thrive, you have to ensure our workers are on the same page and willing to grow with you. A truly loyal team will stand with your business during the ups and downs and dedicate themselves to the business’s overall success. To help you build a team that's in it for the long haul, we asked the members of Young Entrepreneur Council for their advice. Below, they shared nine simple ways leaders can earn their team's loyalty.
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Nov 2, 2020
Staying motivated as an entrepreneur takes a lot of effort. In several situations, business owners find themselves struggling to point themselves in the right direction, whether in their profession or in their personal life. In both of these cases, your inspiration dictates the drive you have to accomplish your goals. But how do you know when you or someone in your team might need a boost in motivation? What happens when you lose that compass that points to success? Here, 13 members of Young Entrepreneur Council share some of the clear signs that someone might need a motivation boost and discuss the best methods to deal with this lack of direction in business or personal life.
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Taking risks is always intimidating. It can be scary to leave comfort and safety behind and leap toward a potentially difficult and life-altering decision. But anything worth having rarely comes from taking the easy path. To inspire you to take that "big chance" you've been dreaming about, we asked 10 members of Young Entrepreneur Council about the biggest career risks they’ve ever taken. Below they shared their stories about what happened and what they learned from following their instinct.
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Members of Young Entrepreneur Council offer suggestions for entrepreneurs that want to change up their mobile ad campaigns. Mobile web traffic continues to skyrocket as consumers spend more and more time on their smartphones and tablets. Approximately half of worldwide web traffic comes from mobile devices, so it makes sense that brands would want to focus on mobile-optimized ad campaigns. But success in mobile advertising is about more than creating visuals and video content that fits on a mobile screen. It's important to follow the right practices and create an enticing experience for viewers and potential customers. Below, 14 members of Young Entrepreneur Council shared some simple changes entrepreneurs can make to their mobile ad strategy to improve their results.
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These 20 entrepreneurs from YEC discuss their favorite market research tools and why you should be using them. Without a proper view of the market, a business has no chance to resonate with the consumers most likely to buy their product. In the past, the best way of interacting with consumers was to simply put out an ad in the most-seen public medium at the time and hope it would land on fertile ground. Thankfully, the approach has changed in modern days, and now we have a lot more tools to offer us in-depth insights into what our ideal customers like and dislike. Using this as a basis, we can adapt our marketing attempts to appeal to those customers. The question now is, how do we obtain that data? Market research tools go hand-in-hand with e-commerce and internet marketing. Visitors to a website provide the best and most accurate picture of the kind of people the website already attracts. Using this data as a baseline, a business can feed it into an analytics engine and get back valuable information about the kind of customers already coming to its site. Based on those results, the business can then adjust its marketing push to reach out to a broader demographic or drill down into converting more of those visitors to buyers. There are many layers that marketing data reveals that can be priceless to a business looking to raise its conversion rates. Today, a business that doesn't depend on market research to guide its advertising and marketing is at a distinct disadvantage to other companies that do. The companies that make the best use of available tools will be more successful in reaching out to their ideal customers. Here, 20 associates of YEC discuss their favorite market research tools and explain how those solutions can help any business achieve its marketing goals.
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Some entrepreneurs who want to scale their companies and fast-track their growth hire a business coach to help them get there. These professionals often have years of business experience themselves and can help you take your business to new heights with their insights. If you’re on the fence about hiring a coach, take it from the members of Young Entrepreneur Council: It’s worth the investment. Below, 10 members shared one of the biggest benefits they’ve experienced from hiring a business coach and why they suggest others follow suit.
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Young Entrepreneur Council members share some upcoming tech trends they believe will have an important impact on business leaders. The world of technology is evolving faster than ever. With so many new tech trends emerging, it can feel impossible to keep up with them all. However, identifying and investing in the right ones can give your business a competitive advantage and set you up for success. That’s why we asked members of Young Entrepreneur Council what tech trends more entrepreneurs should prepare for and what concrete actions they can take to move in the right direction. Their best answers are below.
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When you set up your startup and start hiring your first few people to staff, not all of them will be tech workers. Non-tech professions such as sales, marketing, etc. are also crucial to the success of a product. Some companies don't offer these hires any equity, but this may be a huge mistake. You can lose talented professionals if you don't sweeten the deal enough. Yet how much equity is too much for these non-tech hires? What are the elements to look at when considering how much equity they should get? To help, 11 members of Young Entrepreneur Council weigh in on what any leader should keep in mind when figuring out how much equity non-technical hires should receive in their startup.
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Whether you’re job hunting or starting a business, it’s important to play to your strengths throughout your career. By zeroing in your natural interests and aptitudes, you’re more likely to find the right opportunities and achieve success. That’s why it’s a good idea to continually refine and improve upon your core strengths. To that end, we asked members of Young Entrepreneur Council how they recommend capitalizing on those existing strengths and making them even stronger. They shared their best strategies below.
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Young Entrepreneur Council members share some of the most exciting trends and developments they've seen in digital marketing this year. Digital marketing is constantly evolving, and professionals must stay on top of trends to remain competitive in their respective industries. This year in particular has presented new and unprecedented circumstances for businesses around the world. As a result, companies have had to adapt their digital marketing strategy to customers’ ever-changing needs -- which, while challenging, has also led to incredible innovation. We asked the members of Young Entrepreneur Council about the most exciting digital marketing developments they’ve seen this year so far. Below, they share 14 of their favorite trends and how they’re impacting the future of the industry.
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No other feeling comes close to hitting the ball out of the park for your investor pitch meeting. Unfortunately, many business owners see these small wins as overcoming the largest hurdle. The truth is that nailing the investor pitch is only the first significant hurdle. Once you get the right eyes on your project and have them interested in what you're doing, you need to follow up and keep the momentum. But what is the first thing an entrepreneur should do after landing the pitch to a potential investor? We asked seven contributors to Young Entrepreneur Council what their first step after landing their pitch is, and why they take that road. Here's what they told us.
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Members of Young Entrepreneur Council explain how companies can optimize their mobile shopping experience. As every successful business owner knows, it’s important to meet your customers where they are. In today's world, that means creating a top-notch mobile shopping experience. The majority of e-commerce traffic (65%) comes from mobile devices, so optimizing your sales page for mobile is crucial to keeping your business thriving and accessible to your audience. Below, a panel of Young Entrepreneur Council members shared tips for creating a mobile-first e-commerce experience. Follow their tips to ensure your customers will love shopping with you, no matter what device they're using.
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It’s easy to have an “always-on” mentality when you’re an entrepreneur. You own a business that depends on you to survive, so you never really get a day off – right? This attitude can be detrimental both to your business and to you as the owner. While you might feel uncomfortable or guilty taking time off, it’s essential to give yourself time to rest so you can come back strong and rejuvenated. Otherwise, you're likely to end up burning out and being a less effective leader. We spoke with members of Young Entrepreneur Council about their experiences with stepping away from their businesses for vacation. Here are some strategies they shared for feeling confident leaving your company in others’ capable hands while you’re taking much-needed time off.
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Once seemingly confined to the spheres of gaming and technology, virtual reality (VR) and augmented reality (AR) are becoming increasingly common in both personal and professional ventures. In fact, VR and AR can be used to great effect in one’s personal branding strategy, especially if it's giving your audience a deeper connection or more intimate look at your business. As successful business leaders, the members of Young Entrepreneur Council are on the pulse of the latest industry trends and technologies. Below, they share nine high-impact ways you can incorporate VR and AR into your personal branding.
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Businesses are increasingly focusing on wellness in the workplace to increase employee productivity and overall satisfaction. Choosing a wellness program for your company is an important first step, but you’ll also need to ensure that it runs smoothly and that your employees get the most out of it. We asked the members of Young Entrepreneur Council to share their best strategies for leaders looking to successfully implement wellness programs in their organizations. Below, they share 10 ways you can ensure your company’s initiative goes off without a hitch.
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Business advisers have the potential to be instrumental to a company's success. Unfortunately, not all business advisers make a positive impact, and it's up to the entrepreneur to decide which adviser they want to work with. The selection process should be as rigorous as staff selection, but should mostly focus on the adviser's previous successes. Who were their past clients? How did those partnerships turn out? These questions set the stage for expectations and temper out personal feelings toward the adviser. Here, eight associates of Young Entrepreneur Council offer their best advice for choosing an adviser that would benefit one’s business.
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In today's world, every business knows that consistent, quality content is the key to engaging consumers. Publishing giants like BuzzFeed have mastered the art of drawing people in with engaging headlines and interactive features, and encouraging repeat visitors with well-researched, valuable articles. While the average business likely doesn't have the need or the resources to publish dozens of daily pieces like BuzzFeed, there's value in striving to become a publishing powerhouse that meets consumers' desire for a steady stream of content. That's why we asked the members of Young Entrepreneur Council what companies can learn from these media conglomerates that garner tens of millions of unique daily visitors. Here are a few publishing lessons and tips they believe business leaders can benefit from.
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A marketer's job is a challenging one in today's always-on, digital-first world. Not only do they have to come up with an appealing brand image and message, but they have to figure out how to adapt marketing collateral to countless different channels and learn best practices for each one. To keep up with the demands of the modern marketing industry, professionals should consider adopting and incorporating certain habits into their workflow. We asked 10 members of Young Entrepreneur Council what habits they recommend marketers pursue to help them boost their career. Here's what these experienced business leaders had to say.
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Great leaders don’t simply tell their team what to do; they lead by example and “walk the talk.” Staff members are much more willing to listen to instructions and respect leadership if their boss is doing the same. So what behaviors are best for encouraging strong work ethic, relationship-building and leadership development? We asked a panel of Young Entrepreneur Council members what habits leaders can adopt to set a good example for their team. Read on for their best recommendations.
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Business legal matters can be intimidating, but these tools can help you understand and streamlining the process. Starting a business means dealing with some standard legal matters, like registering your business and complying with tax regulations. This can be overwhelming for new entrepreneurs, especially if they're not familiar with these legal processes. While it's always advisable to consult an experienced business attorney, there are countless resources and online tools available that make it easier to find the information you need. To help you, we asked the members of Young Entrepreneur Council which tools they recommend to make the legal side of business less intimidating for small business owners. Try one of these suggestions when you're faced with common business legal tasks.
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Running a business is not easy, especially as a young entrepreneur. It always feels like the industry is stacked against you, and that you're destined to fail. Keeping hold of your morals while navigating a field like this can be a challenge. Making hard decisions is part of the job. That doesn't mean that making them gets any easier with time. However, the perspective that these decisions need to happen for the good of the company and yourself can help you navigate them easier. To help, these eight professionals from Young Entrepreneur Council discuss the hard decisions they had to make, including the circumstances that led up to them, to help other young entrepreneurs learn from their experiences.
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Leadership is a battle for constant improvement. In modern business, there is a particular need for competent leadership. However, leaders don't retain their positions by being complacent. One of the most effective methods of self-reflection is by asking yourself searching questions and answering them truthfully. The catch is that this requires you to be entirely honest with yourself. But what are the questions that would encourage you to be better? What should you ask yourself to develop into a more effective leader? To help, these 13 experts from Young Entrepreneur Council share the questions they ask themselves daily in their bid for self-development.
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Jul 15, 2020
Learning from others is vital to your success. It's a widely held belief that experience is the world's best teacher. Life lessons, both in and out of business, usually stem from experiences. However, as people, we can't expect to have all the experiences we need to figure out what to do in a particular situation. That's why learning from the experiences of others is such a vital skill for an entrepreneur. If you end up in a situation where you're not sure how to proceed, you might want to ask other, more experienced persons in the industry. To help newer entrepreneurs, these 14 experts from Young Entrepreneur Council have offered to discuss the lessons they learned from their earlier positions and why they were crucial to success.
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The internet of things (IoT) has given consumers and businesses the ability to make their homes and offices "smart." Because IoT devices can communicate and exchange data with one other, they have vast potential for streamlining workflows and making us more efficient. However, with all the data each internet-connected device collects, stores and uses, there's also an inherent security risk. The companies that make IoT products have a responsibility to ensure the security of its users' personal data. That's why we asked members of Young Entrepreneur Council to share some often-overlooked ways IoT companies can make their newest products more secure. Their best insights are below.
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You don't need to spend a ton of money to build a great business website. A high-quality website can attract customers and give them a positive experience with your company. If you don't have much web design experience, you may be concerned about the cost and time it might take for someone else to build the site for you. Fortunately, there are tons of website building tools that allow you to create your own business website, even if you don't know how to code. Many of these platforms offer plenty of sophisticated features without the hefty price tag, while also being user-friendly. To help you explore your options, we asked the members of Young Entrepreneur Council share their favorite low-cost, high-quality website builders. Check out these DIY tools before you outsource the job.
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Customer complaints are a necessary part of a business, but it can be discouraging to deal with them. A good leader knows how to look at customer complaints and extract the positives out of those disparaging comments. A skilled leader can take these complaints and turn them into a power to motivate and direct the business's positive growth. The truly gifted among us can turn these negative experiences on their heads, and use them to develop positive experiences for future customers. Below, seven professionals from Young Entrepreneur Council talk about how leaders can grow and improve their businesses by constructively using customer complaints.
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Social media is becoming an increasingly important part of every business’ marketing strategy. Making the right move with your social content at the right time can help bring positive attention and new customers to your business. As successful business leaders, the members of Young Entrepreneur Council are constantly watching and analyzing marketing trends to improve their growth and brand recognition. Below, they share the smartest social media moves they’ve seen, and how you can execute that same strategy to achieve great results.
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Stress is common when you’re in a management position. With countless tasks to complete, employees to manage and business operations to oversee, it’s no surprise many leaders end up feeling overwhelmed at one point or another. One of the most effective ways to combat stress in the business world is by improving your adaptability, so you’re ready to take on whatever is thrown your way. Below, 16 members of Young Entrepreneur Council shared their best tips for becoming more opportunity-oriented as a leader.
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Transparency in business has become a practice that’s favored by not only consumers, but by employees as well. When leaders are transparent with their team about the business, it builds a sense of trust and equips employees to make informed decisions. However, sharing more information than necessary can be distracting at best, and detrimental to company culture at worst. So how do you determine how transparent to be with your employees? Below, 10 members of Young Entrepreneur Council share some questions and considerations for leaders.
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Leading a business can be like a roller coaster: There will always be ups and downs. No matter how smoothly things run most of the time, the occasional problem is inevitable, and when one pops up, your team will turn to you for guidance. Rather than panicking during a company crisis, leaders should have a plan for addressing the issue quickly and transparently. To help you create a plan of action, we asked a panel of Young Entrepreneur Council members how they recommend moving forward in such instances. Below they shared nine strategic approaches you can take to handle a crisis with competence and calmness.
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An employee referral program is a win-win for you and your team. Referral candidates tend to be well-qualified, since they're pre-vetted by staff members you know and trust, and hiring referrals shows you value your employees' input. To help you build a great referral program, we asked the members of Young Entrepreneur Council the following question:
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Business plans are more than just documents outlining your steps to launching and growing your startup. This plan acts as a map throughout the entire process, and helps you figure out what to do when you face roadblocks or wrong turns. While a business plan isn't required to start a business, it can be helpful in guiding you in the right direction and even securing proper funding for your business. However, writing a business plan is no easy task. To help you get started, a panel of Young Entrepreneur Council members shared their best tips and tricks.
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When you spend time in the business leadership world, you start to hear a lot of cliché phrases and vague terms that other managers frequently use. Sometimes they use them sound smart; other times they're not sure of a better alternative. Either way, these overused words begin to sound like jargon over time, and may lose their meaning when you're communicating with your staff. We asked nine members of Young Entrepreneur Council to each share one word leaders often use, but shouldn't. Here are some key words and phrases to avoid as a manager, along with a few suggested terms to use instead.
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Jun 10, 2020
Over the years, multiple studies have shown that employee happiness is a crucial factor in developing a successful business. Employees who are happier tend to be more productive and also stay with the company long term. Unfortunately, like all forms of feedback, pinning down employee happiness depends on asking them the right questions. Many workers may be uncomfortable sharing their real opinions on the business, for fear of reprisal or displeasing other employees. Thus, companies need to be more proactive about sourcing feedback from their employees about their happiness. These six professionals from Young Entrepreneur Council share their insight into how businesses should gauge employee happiness to determine whether any changes are needed to promote employees' physical and mental well-being.
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Entrepreneurs can be so busy in today's business world that they lose sight of themselves. Introspection has an essential place in an entrepreneur's mindset. Understanding one's goals and motivations can help one come to terms with what one wants out of life. The underlying problem that affects leaders that don't delve into self-discovery when they should, is not fully understanding how this exercise can benefit them. Introspection is more than mere navel-gazing. It imparts in-depth knowledge about oneself that can go on to aid a leaders' business interests. Fifteen associates of Young Entrepreneur Council offer insight into how any entrepreneur can make the most of daily reflection or journaling practices.
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Trust is essential in a team, especially in times of change. Leaders need to believe employees will carry out their tasks properly, and employees need to believe heir leaders are taking them in the right direction. But trust between people isn’t a given -- it has to be earned. So how can you effectively build trust among your team during times of uncertainty? We asked members of Young Entrepreneur Council how leaders can earn and keep employees' trust during a pivot or critical point in the company. Their best responses are below.
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Your relationship with your customers shouldn’t exclusively be transactional. To build a bond that leads to customer loyalty, you have to thoughtfully connect with them and continue the conversation with them. To help with this important task, we asked members of Young Entrepreneur Council how they recommend keeping customer conversations productive and positive. Follow their tips to help you build strong, long-lasting relationships with your buyers.
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It's often said that a happy employee is a motivated, productive one. If your team members are feeling good about themselves and their work, they’ll bring that positive energy into everything they do. That's why it's so important to keep a close eye on your overall team morale. We polled a group of Young Entrepreneur Council members to find out how they keep tabs on the general sentiment among their team members. Below, nine of them share their best and most effective approach.
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Jun 2, 2020
19 entrepreneurs delve into where online freelance talent is most readily found Businesses have changed their approach to hiring in recent years. More and more companies are relying on freelance talent as opposed to in-house contracts. It's not surprising that the paradigm has shifted in this way, however. Freelancers can be less of a drain on company resources, but they can also be more efficient than in-house hires. Even so, businesses need to find freelance sites that offer talented individuals, accessible search functions, and escrow services in some cases. All of these factors contribute to developing a long-lasting relationship with a freelancer. The rise of freelancing has seen several different locations open up around the internet that offer businesses a chance to interact with professionals. Unfortunately, there are many freelance sites to sort through, and finding the right fit for your needs may take some trial and error. Businesses need to be careful about sourcing their freelancers to avoid hiring someone who is not good for the project or who may have a nonprofessional behavior. How does a company narrow down the best places to source a freelancer online? We consulted 19 entrepreneurs from YEC about the best places to source freelance talent online. Here's what they told us.
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There's no question as to how vital innovation is to a business. However, the pitfall that most entrepreneurs fall victim to is thinking that all change must come from the top. If a company hires right, its talented employees could offer a vast resource in terms of their innovation to the company. All that a business needs to do is to cultivate this drive for making things better. In doing so, they leverage the employee's creative urges to the benefit of the organization. Here, eight contributors to Young Entrepreneur Council examine how a company can set its employees on the path to generating innovative ideas strategically.
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Harness the power of your subconscious mind through meditation, affirmations, visualization, breathing and more.
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The COVID-19 pandemic has disrupted nearly every business and industry in some capacity. Some non-essential employees have taken to remote work, while many others have faced reduced hours or layoffs. With this widespread loss of income and minimal social outings, many consumers have also cut back their spending. That’s why retaining your current customers is more important than ever in today's world. Below, 10 members of Young Entrepreneur Council share some effective customer retention strategies they're leveraging during these uncertain times.
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Customer service is vital to any organization, and investing in it can make all the difference in attracting and retaining clients. But the true return on those customer service investments -- whether you're hiring and training staff or increasing your support channels -- can be hard to quantify with a single number. While data isn’t everything, you’ll need some figures to determine the success of your investment and the next steps to take. Below, the members of Young Entrepreneur Council share 10 ways you can make your customer service ROI figures measurable and impactful.
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At times it can be difficult to turn off our emotions -- especially when it comes to separating personal feelings and work. While it’s perfectly normal to have negative feelings in the face of difficult work situations, wallowing in these emotions for too long can affect your job performance as well as your overall well-being. Whether you’re dealing with low confidence, adversity or rejection, building a thicker skin can help you make it through whatever professional challenges you're facing. Below, 10 members of Young Entrepreneur Council share some tips to help you brush off feelings of negativity and press onward.
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Moving into the second quarter of the year, entrepreneurs should be well aware by now that the only way to ensure that their company gets more efficient is to examine its performance in the previous quarter and see where it can improve. Performance evaluation is much more than just assessments that focus on a small core of metrics. Gearing up for the second quarter relies on determining where the company dropped the ball in the first quarter. In dealing with strategic approaches, these seven members of Young Entrepreneur Council look at their own methods of determining their goals for the second quarter based on performance in the first and explain how their approach helps their teams gear up for a more productive quarter.
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Content alone can't drive traffic.
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As your business develops over time, you may find its original purpose changing as well. Whether you’re incorporating a new service or changing industries completely, trying a new direction for your company can be risky. Fortunately, taking the steps to ensure a smooth transition can set the stage for success, as well as make the process easier for all involved. Below, 10 members ofYoung Entrepreneur Council shares their best strategies for companies looking to pivot to something new.
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Infobrandz
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Infobrandz is an Infographic Designing company specifically engineered for service companies, Bloggers, Small Business & Nonprofits. Infobrandz operates around the idea that great visual content, spread through the right online mediums, grab the eyeballs and create awareness. Infobrandz partners with professionals ( bloggers & experts ) to produce interesting content to increase brand awareness for both the parties.