Entrepreneurs are constantly making deals, so learning how to negotiate becomes an essential skill to master. But when you’re at the bargaining table, it sometimes can be difficult to strike the right balance and arrive at a healthy compromise with a client or partner. To learn how to become a successful negotiator, we asked a group of Young Entrepreneur Council members to weigh in on the following question: Q. What type of negotiation strategy do you prefer using? Why is it effective?

Every waking day, we are having tremendous changes in regulations and technology which greatly affects the way businesses operate. Some entrepreneurs will say the future is definitely bright but to others, some of these changes work against their expansion and business operations. Additionally, there’s growing empowerment and embracing of individuality which motivates more people to begin their entrepreneurship journey. But the big question, what’s the future of entrepreneurship?

When looking to onboard a new hire, a company clearly has a need it is trying to meet. Though the need can be great, it is important to do your due diligence in the hiring process. Ensure that you ask the right questions and truly listen to each candidate’s answers. Check references and consider a trial period wherein the candidate can complete a test project or two to really show you their stuff. A common mistake I see is discarding applicants who don’t fit a job profile to the T.

Not every young entrepreneur with a brilliant idea has the charisma needed to pitch it successfully. Making an impression is still a significant part of being a businessperson, and in the age of online interaction, genuine human rapport is a priceless commodity. Luckily, natural charisma isn’t a necessity to be successful in business, as there are multiple methods young entrepreneurs can learn to make a direct impact on people they talk to. Below, members of the Young Entrepreneur Council...

Ask any hiring manager or business leader what they want in a new hire, and they’ll probably tell you “good communication skills.” While a strong ability to communicate is essential for any position, there are other soft skills to look for in a new hire as well. To find out which skills are especially valuable, we asked members of Young Entrepreneur Council the following question: Q. What is one particularly important soft skill, besides communications, that a new hire should have? Having the

Business leaders are using social media more than ever before, turning to platforms like Facebook and Instagram to place ads, announce breaking news and engage with their clients and customers. According to one study, consumers turn to social media more than any other online platform to find inspiration for purchases. In today’s market, a social media strategy can help your business stay in touch with existing customers and reach new ones, build a loyal following around your unique value proposi

Small businesses are booming in 2019 as full-time employment, as well as gig-economy ventures. The US Census Bureau reported 32,570,855 small businesses operating across the States. And, allegedly, every tenth American runs their own business. But a follow-up story discloses that 76.2% of businesses that had no employees accounted for merely 4% of SMB sales. As the memory of the 2008 financial recession fades away and stories arise of funded startups crossing the $1 billion mark, both regular wo

The key to maintaining focus and achieving peak productivity is limiting your distractions. Slack, email, Skype, text messages, Facebook — the list of notifications goes on and on. Turn them off for an hour or more and watch your task completion time drop dramatically. The good news? They’ll still be there when you reopen the apps and turn off do-not-disturb mode! – Dan Suski , YachtList Use a best self journal. Every day I use this tool to write out my three big to-do items. If I check even on

Disagreements with co-workers are undesirable but inevitable, especially on teams that work closely together on a day-to-day basis. While some argue that a little bit of conflict in the workplace is healthy, as it can lead to innovation and enhanced creativity, it is essential to address any disagreements before they get out of hand, with potentially devastating consequences on team morale and productivity. "The key to productively handling disagreements is to separate the facts of the situatio

Unexpected setbacks are part of life. As an entrepreneur, the ability to manage that stress and roll with the punches will determine if you have what it takes to be successful, which means it is crucial for you to let go of the daily stressors you cannot control. As stress management can make all the difference to an entrepreneur’s outlook, productivity and even the future success of their business, we asked members of Young Entrepreneur Council how they let go of stress. Which tip do you think

Many entrepreneurs attribute their success to networking -- attending and speaking at events, introducing themselves to the right people and striking up conversations to land potential business deals. Given this, it may seem like entrepreneurship favors extroverts; however, there are plenty of introverts who have gone on to become successful, thriving business owners. In fact, some introverted leaders feel that their natural tendencies have given them an advantage in business. Below, eight ent

In episode 16 of the Do the Woo Podcast, Brad and BobWP invite special guest Mario Peshev to talk about his robust endeavors into the world of content creation, and we take a look at some Woo news. Thanks to our sponsor Liquid Web. Here’s a WooCommerce Managed Hosting deal for you. Just use the code: BOBWPWOO to get 50% off your first two months. Mario Peshev – The Reason He Creates So Much Content Mario Peshev, when not running his agency Devrix, spends time pushing out tons of content acros

Ignore whatever and whoever is not scheduled. Opinions expressed by Entrepreneur contributors are their own. As an entrepreneur, it’s your responsibility to plan how you’re going to spend your time. You can watch binge-watch Netflix all day, but that’s most likely not the best use of your time. Additionally, you also have to set boundaries and keep yourself motivated day-in-and-out. In some way -- you want to find a direction to follow to gain that balance between work and your personal life.

Entrepreneurs are often on the go and rarely take a moment to slow down. However, time off is crucial if you want to prevent burnout and keep your passion for the business alive. You might wonder how you can balance all your responsibilities and still take time for yourself. To help you combat the stress of building a business, members of Young Entrepreneur Council share some ways for leaders to unplug and recharge, even with a jam-packed schedule. Q. What is one method leaders can use to unpl

Mario Peshev (AKA R2-D2) tells all on clients, agencies, and enterprises at DevriX. More specifically about analyzing similar multiple clientele may be having and how allocating a percentage of income to hiring and developing a team will help solve that joint problem. His main is saving you time…and maximizing your revenue. And that’s just one small part of what we cover in today’s episode, be sure to tune in!

WordPress has a huge community. And the power of WordPress lies in its community. As WordPress is evolving fast, more and more people are claiming to be WordPress Experts. But it’s not easy to find truly legit people to follow. To make things easier for you, I’ve compiled a list of best 100+ WordPress Influencers to follow in 2019. I call them WordPress Leaders. Without further ado, let’s get started with the first influencer. Also Read: 50+ Best WordPress Blogs To Follow In 2019 Aaron D.

One of the biggest challenges service-based businesses face is setting and managing client expectations. It’s important to be realistic about what you can and can’t do for your clients, and ensure that both parties understand the scope and terms of your service agreement. To find out more, we asked the experts at Young Entrepreneur Council (YEC) for their thoughts on this question: “Client expectations make all the difference when it comes to satisfaction: Having everyone on the same page on wh

Entrepreneurs wear many hats as they deal with not only the expected projects, but also the unexpected challenges that arise every day at their budding companies. As a company evolves and grows, so too do the demands on an entrepreneur to oversee all of the moving pieces, making sure the entire company is moving toward a cohesive goal. The demands on an entrepreneur’s time all too often result in the feeling of being pulled in a million different directions at once—sometimes paralyzing progress

Artificial intelligence and automation are no longer the stuff of science fiction; they’re a very real and growing presence in both the business and consumer landscape. For many companies, AI can streamline operations and improve decision-making with advanced data analysis. Automating routine tasks can also free staff up to work on bigger picture projects that can propel your business forward. Of course, if you’re not ready for the AI revolution, you won’t be able to reap its tremendous potenti

Adding new team members is an important and exciting time for any business. Not only is it indicative of success, but it is also an excellent opportunity to further focus the direction of the company. Hiring new players to the team means that new ideas and backgrounds come along as well — a benefit that can greatly add to a company’s creativity and perspective. Yet, with new people coming in as a company scales, it can be challenging to maintain a cohesive company culture. To help you scale wit