expert panel

Working for a startup is vastly different than working for an established company. Established companies have steady processes and defined operations, while startups often wade through a constant stream of pivots and unknowns. It makes sense, then, that startup employees require certain skills and attitudes to thrive in this type of workplace. We asked 10 members of Young Entrepreneur Council for one quality they believe all startup hires need to have. Here are the traits they deem essential and why each one helps when working in a startup environment.

expert panel

Cash flow --  the amount of money that comes in and goes out of a business -- is often a concern for many new companies. Generating a healthy cash flow requires careful planning and a commitment to a strong operational strategy. However, a lack of experience in cash flow management as a new entrepreneur can put you at a disadvantage. That’s why we asked 10 members of Young Entrepreneur Council about common cash-flow mistakes new business owners tend to make when they’re starting out. Here’s what they had to share from their experiences.