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When one of your early employees decides to quit your new business venture, there are a lot of emotions to process and decisions to make. Depending on the size of your company, you might be scrambling to find someone to pick up their responsibilities — or worse, end up having to add more tasks to your already lengthy to-do list. To help you handle this difficult but common situation, a group of Young Entrepreneur Council (YEC) members answered the following question:

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Where idea management has long been the buzzword, this traditionally passive approach does not ensure that your company will remain at the forefront of innovation.

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While some forms of corporate innovation offer more promising results than others, it is key to identify the company's main goals and be open to a mix of solutions.

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Choosing an investor for your business is like choosing a business partner: Their resources and input are going to have a major impact on the way your business functions and the potential it has for success. Determining the right investor for you, then, is not an endeavor to take lightly. As business leaders, the members of Young Entrepreneur Council have experience seeking investors and weeding out the bad from the good. Below, they provide a list of nine questions you can ask yourself to gain insight into your needs and wants, and help you determine your ideal business investor.

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Whether it happens while participating in meetings or partaking in company surveys, the best ideas happen when there's plenty of room for everyone to share. This means that businesses at the helm of true innovation provide each employee with the chance to have their voice heard.  However, this can become more difficult to ensure as your company grows larger. Below, 10 members of Young Entrepreneur Council discuss some systems that companies can put in place to ensure all employees are getting their ideas heard, no matter the business's size.

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Here’s my take on a few things that are crucial to run an innovation program in your company that promotes tangible outputs.

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Whether you're an experienced entrepreneur or just starting out, investors can be a crucial part of your startup's continued success. While it's possible for investors to take a chance on a business, many investors have certain criteria they'll look for before they take the plunge. Your business’s investor is just as important as your brand's values and mission, so when you find a good potential candidate, you'll want to do all you can to impress them. Below, nine members of Young Entrepreneur Council share some crucial tips to follow when you're trying to gain the interest of a potential investor.

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With so many competing companies in today's marketplace, customers have countless options when it comes to patronizing a business. To influence their decision-making, customers look for companies that they believe will add value to their lives.   Below, 11 members of Young Entrepreneur Council shared their thoughts on ways small business owners can consistently bring value to customers. They explain how these methods strengthen a business's connection with its customers and ultimately ensure the company's longevity.

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For some, the meaning of the adage “the customer is always right” has evolved from “businesses should listen to consumers because they drive the market” to “businesses should always focus on giving customers exactly what they want—no matter the ask or the cost.” However, sometimes the customer isn’t actually right, and giving in to their demands isn’t the wise move. When a customer is angry or frustrated, it’s important for a business to listen to and empathize with their concerns. But if that customer is ultimately wrong, you shouldn’t make unreasonable sacrifices or do something that’s not really in their best interests just to get back into their good graces. Here, 10 Young Entrepreneur Council members share their thoughts on how to strike a balance between ensuring a customer feels well-treated and doing what’s right for your business.

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At the beginning of the year, companies and employees alike are setting resolutions for the months ahead. As employees set their sights on new goals, there are a few questions leaders should be asking them at the start. With these thought-provoking questions, leaders can be a part of the solution to set employees up for success and help them contribute to the company goals. To help you identify the best things to ask, eight members of Young Entrepreneur Council each offered one question business leaders should ask employees in January to pave the way for a successful year.

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Forbidding any kind of mistake to happen, nips every innovative idea in the bud by effectively limiting your employees' motivation to get creative.

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Intrapreneurship programs allow employees to act like entrepreneurs within a larger organization. The programs are usually bottom-up driven and put employees into the driver's seat.

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When it comes time to start marketing your business, you either have a ton of ideas you want to try or you have no clue where to begin. You likely understand the importance of sharing the benefits of your products and services with prospective customers, but it can be hard to know if you're taking the right steps in sharing your brand's message. Whether you have a bit of marketing know-how or you're still unclear on what you should do first, you can learn from the experiences of successful entrepreneurs who have been in your shoes in the past. Below, these nine Young Entrepreneur Council members share the top marketing advice they wish they had known when they first started marketing their businesses. Read their experiences to help inform what’s best for your business.