After a startup investor turns down your idea, what is the first thing you should do as you approach next steps? 1. Understand Why Ask why they are turning you down. Perhaps it’s them (not a fit for their parameters) or you or your product/service. Then take a step...
1. Listen to What Your Team Says The best boss I ever had truly listened to what everyone else had to say. I had bosses who just told us all what to do and walked away when we started talking, but my best boss would sit down and really listen. He would give us his...
What aspect of a formal business plan can still be helpful to first-time founders and why? The following answers are provided by members of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In...
What are some non-negotiable qualities you look for in an accounting firm or individual and why? The following answers are provided by members of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs....
What is the first step you should take in order to trademarking your business? The following answers are provided by members of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership...
What are the best easy-to-use plugins or web apps to automate sales on your website? 1. Start With WooCommerce Whether you’re selling physical or digital products, WooCommerce plugin for WordPress is one of the most comprehensive and easy-to-use plugins you can find —...
What’s the easiest, least expensive online business to start now? 1. Service-Based Businesses Save Money When you don’t have to worry about product development, manufacturing, shipping, etc., it’s easy to keep overhead costs low. Consider coaching or consulting in...