Micky Klein

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Imposter syndrome can affect anyone—regardless of age, gender or background. However, these feelings of self-doubt can often hit a little harder for young female entrepreneurs, as they may feel they are less qualified or have more to prove than their male counterparts. As entrepreneurs, they may lose out on vital business deals or opportunities to advance their careers if they are unable to overcome these hurdles. To help, nine women from Young Entrepreneur Council draw from their experiences as entrepreneurs and offer their best advice for how to overcome imposter syndrome, succeed as a business leader and forge ahead in one’s career with confidence.

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While any aspiring entrepreneur hopes to achieve success right away, one difficult truth many now-successful entrepreneurs cite is that the road to successful entrepreneurship is often paved with failure. From poor ideas to failed launches to repeated rejections, failure can crop up in numerous ways throughout a business leader’s career, no matter how experienced or knowledgable they are. However, even understanding that failure is part of the journey won’t necessarily make it an easy path to follow, making maintaining a positive perspective in the face of rejection and adversity a difficult task. To offer their guidance, nine members of Young Entrepreneur Council discuss their best advice for maintaining the right mindset while on your entrepreneurial journey and how doing so will catapult you toward success.

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Tracking key performance indicators (KPIs) can be an excellent way to measure the overall health of your business and predict its future successes or failures. From customer satisfaction to the cash conversion cycle, there are numerous metrics business leaders can track that will give them valuable insights into the inner workings of their businesses. Ensuring you’re paying attention to the right metrics may even save you from making costly mistakes that could be difficult to recover from. With that in mind, the members of Young Entrepreneur Council recommend tracking these 11 KPIs if you want to dive deeper into the data behind your company’s performance.

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Create an environment where your company's shared vision thrives -- even as your team grows. As a company experiences rapid growth, it can be challenging to maintain a strong and unified culture. With new employees joining and priorities shifting, the essence that once defined the organization may become diluted or forgotten altogether. However, fostering a cohesive culture is vital for long-term success and talent retention. To help leaders maintain their company culture amid rapid growth, seven successful entrepreneurs share their expert insights and best advice.

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While not every day will be perfect in terms of motivation, if you discover your employees generally aren’t finding fulfillment or satisfaction in their work, it’s paramount you find a solution and help get them back to feeling their best as soon as possible. If you don’t, you risk your employees becoming burned out and unhappy, which could lead to them leaving your company in search of something more exciting. To prevent your staff from reaching that point, you’ll need to take a few key actions both before and after you notice a problem. According to the members of Young Entrepreneur Council, taking the following seven steps could ensure employee morale stays high and your staff feel both motivated and fulfilled on a regular basis.