5 Reasons Mission Statements (Still) Matter for Startups

Every new business stands to benefit from clearly stated goals and ethos. August 19, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. Every successful startup has a clear goal or vision as to what they want to accomplish. While cynics would say that the ultimate mission of any business is making money, the most successful startups generally have a larger sense of purpose. And the best way to express that aspiration is with a well-written mission statement that establishes your company’s core values and highlight its goals, no matter what niche you might be working in. Here is a handful of reasons why. 1. A mission statement defines your goals. While a mission statement won’t get into the nitty gritty of your short-term goals, it helps establish the long-term pursuits that everyone in your company should be working toward. A recent study looked at the different results between those who passively agreed to […]

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4 Things Your Team Manifesto Must Spotlight

Done well, and this mother of all one-pagers can provide direction and inspiration. August 16, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. When you want to keep your team on the same page, it helps to have that page immediately available for frequent review. Whether it’s Google’s “10 things we know to be true” or the now-famous Holstee Manifesto, putting your philosophy in front of your team ensures that everyone knows which way to go at a fork in the road. Armed with a manifesto that voices your values, you can ensure team culture is aligned. How? As Patrick Riley, CEO of global accelerator community GAN, explains in his own custom credo: “Having a roadmap in writing allows us to clearly understand the expectations we have for one another.” When your team acknowledges and ratifies the manifesto, all team members know what’s expected of them, and they […]

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5 Ways to Silence Your Haters

A guide to healing leadership’s battle scars. August 16, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. As thought leaders, we’ve worked hard to hone our craft. We’ve spent countless hours reading, learning and educating ourselves in order to impart that knowledge to brand-new audiences. We’ve established connections that broaden our spectrum, stretch our limits and, at times, challenge our way of thinking. But becoming an “expert” doesn’t mean we stop learning. To the contrary, this is where we need to step up our game in order to rise to the top. This is what is going to define us as a thought leader in a very crowded field. Now, what exactly is a thought leader? Strictly speaking, it’s defined as “a recognized authority in a specialized field and whose ideas influence and guide others.” I interviewedauthor and motivational speaker Randy Gage on my podcast, and he defined it […]

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Assemble Your Own Personal Team of Advisors

Every entrepreneur needs feedback to improve every business aspect. Opinions expressed by Entrepreneur contributors are their own. Microsoft founder Bill Gates, one of the richest people in the world, often talks about the importance of having had Warren Buffet as his mentor. He credits Buffet with helping him learn how to manage difficult situations. Gates is a big proponent of mentorship, and once said, “We all need people who will give us feedback. That’s how we improve.” Even though Gates and other notable entrepreneurs tout the benefits of mentorship, in my life I somehow thought I could succeed without anyone’s helps. Ever since I can remember I have always been the type of person that has tried to do everything myself. When I was young I shifted away from team sports such as baseball and soccer into individual sports like tennis and karate. At 22 years old, when I started […]

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How to Turn Your Biggest Fear Into Your (Career) Superpower

Negative beliefs can derail success, but there’s a way to modify them to your favor. Just ask Richard Branson. August 14, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. “If you think you can do a thing or think you can’t do a thing, you’re right.”  Henry Ford As a child, I was extraordinarily shy. Naturally, I was terrified of public speaking. Show-and-tell was a nightmare. But of course, I was far from alone in my extreme aversion to speaking in front of others. Research shows that public-speaking anxiety, or glossophobia, affects a whopping 73 percent of the population. Interestingly, it turns out that this widespread fear might be tied closely to a primal need to avoid — at all costs — being rejected by our peers. Back in the Stone Age, survival was all about safety in numbers. Successful communities ate together, slept together and hunted […]

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3 Ways to Ensure a Team Follows Your Lead

Real stewardship requires ego-free collaboration. August 14, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Let’s start with the good news: Recent Gallup survey results suggest the highest levels of employee engagement since 2000, at 34 percent. Unfortunately, that’s a far cry from a world where even the majority of employees are engaged in their jobs, so there’s still a massive amount of work to be done. Much has been said about the importance of engagement, but most of the current literature focuses on increases in productivity and retention rate that go along with an engaged workforce. I would add that there’s another vital benefit hiding in plain sight: getting your employees to buy into your strategy and involve themselves in executing your business plan. Related: Five Mistakes that Hinder Employee Engagement When work gets repetitive, a disconnect inevitably forms between what you’re doing on a daily basis and […]

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Strictly Business? Making Ethical Decisions in a Commercial World.

Every entrepreneur, sooner or later, will be faced with the crucial question: What should I do? August 9, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. We can all come up with examples of of self-evidently bad business decisions: Findus having to admit back in 2013 that substantial numbers of its ready-made meals contained horse meat, or earlier this year, when Standard Chartered was ordered to pay out $1.1 billion after breaking sanctions against Iran and other nations. These were not just mistakes. Somewhere along the line, someone in a position of authority charted a course that they knew to be ethically incorrect but commercially profitable, presumably in the hope that they wouldn’t be found out. And they were. Faced with a choice between goodliness and mammon, they chose mammon, and it didn’t work out. But there’s a much tougher set of decisions to be made for entrepreneurs who […]

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5 Management Tips for Overwhelmed Team Leaders

The number of people you supervise doesn’t have to stress you out. August 7, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. Management principles such as instilling a growth mindset in your employees or leading with empathy can pose a noteworthy obstacle in and of themselves, but when you are responsible for managing a large team, that challenge can become even greater. The larger your team, the harder it can be to give each person the individual attention they deserve while still finding time for other important management tasks. If you’re not careful, it becomes all too easy to get overwhelmed or to let certain responsibilities slip. The good news is that overseeing a large team is far from impossible. By incorporating these five essential management practices, you’ll be better prepared to lead your team to success. 1. Open up communication channels. With larger teams, it becomes more […]

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“Could You Do My Job?” How — and Why — to Coach Your Employees to Replace You

If you surround with people who are better than you and coach them to eventually take your place, your company won’t crumble after you’re gone — it will only improve. July 19, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. She calls them “5 a.m. wake up calls,” but I prefer to call them “scenario testing.” Once a month, I make a morning call (not at 5 a.m.) to Scribe’s director of operations and throw a scenario at her. The kind she’d have to handle if she were COO: “You just walked into the office. The co-founders are gone, you can’t get ahold of me, and three people just quit. What do you do?” The first time I called her, I heard nothing but stunned silence on the other end of the line. She had no idea what to do. And I didn’t blame her. As surprising […]

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How Books Increase Our Authority and Leadership with Azul Terronez

Pat Flynn: One thing I love to do in my business is to pull back the curtain and to share with you a lot of the behind the scenes, and the processes that I work through to accomplish some of the goals. Sometimes, it’s a win; sometimes, it is a fail; but every time, it’s going to be a lesson for you. That’s why I continue to do what I do, and why I continue to experiment, and try new things. Now, I’ve been writing books for a number of years now. Thank you to everybody who has supported my previous book, Will It Fly?, and helped it, as a self-published book, become a Wall Street Journal bestseller. In case you haven’t heard yet, my next book is finally coming out. It’s called Superfans, and it comes out in August of this year, by the time this episode publishes, about […]

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Auto Industry Leader Lee Iacocca, Credited With Saving Chrysler, Has Died at Age 94

He is best known for helping launch the Ford Mustang in the 1960s and for reviving Chrysler under his leadership and saving it from bankruptcy in the 1980s. July 3, 2019 4 min read This story originally appeared on Business Insider Lee Iacocca, a major figure in the automobile industry who previously served as president of Ford and chairman of Chrysler, died on Tuesday at the age of 94. Iaccoca’s daughter confirmed to The Washington Post that he had died of complications from Parkinson’s disease at his home in Bel-Air in Los Angeles. “The Company is saddened by the news of Lee Iacocca’s passing,” Fiat Chrysler Automobiles said in a statement. “He played a historic role in steering Chrysler through crisis and making it a true competitive force. He was one of the great leaders of our company and the auto industry as a whole. He also played a profound and tireless […]

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Here’s How Leaders Think Differently and Inspire Others

Leaders help each and every one of their employees see the bigger picture. June 27, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Kate Volman describes some of the lessons she learned from reading books about one of her favorite topics: leadership. Her studies have led her to believe that leaders simply act and think differently than others. They can explain their vision to their employees and make them believe in the same thing, defining a simple route to even complex goals. Are you able to paint a picture of your larger goal for the future of your company for each and every one of your employees? Click play to hear more. Related: Find Time Outside of Your To-Do List to Crush Your Side Hustle Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to […]

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How to Be an Inspired Leader and Motivate Employees to Success

Attendees will hear about cultivating, inspiring, and leading the talent in your business. June 3, 2019 2 min read It’s one thing to be an ambitious person who launches the company of their dreams. It’s another thing to not only hire a great team to help you grow, but to be a truly inspiring leader who motivates your team to achieve and surpass its goals. Lucky for you, we have put together an all-star panel of powerhouse entrepreneurs who have been there, done that, and are willing to share their secrets with you. Join us for a free 60-minute webinar, How to Be an Inspired Leader and Motivate Employees to Success, presented by NetSuite. In this webinar, we’ll uncover many of the necessary traits, mindsets, and strategies managers and leaders can use to inspire greatness at their growing companies. You’ll come away with tips that will help you: Set a […]

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Many Leaders Routinely Make These 4 Mistakes — Do You?

Here are common stumbling blocks that can trip up the most business-savvy leaders and CEOs. May 27, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. From 2007 to 2012, Wells Fargo went through some serious growing pains. During that time, as detailed in a case study published by Duke Law, massive fraud was occurring. Bank employees would open unrequested accounts — or convince customers to open accounts they didn’t need — in order to meet bonus goals. Evidently, some employees tried to alert management, but for whatever reason, news of the fraudulent activity never made it to the company’s CEO. It’s unclear why the message didn’t travel all the way up the chain of command. Was there not a sound protocol in place? Were the leaders of Wells Fargo simply too busy to check in with lower management? Whatever the case, the scandal blew up, and […]

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Don’t Know Much About Tech? Don’t Panic. Here Are 5 Simple Solutions to Stay Informed and Innovative.

Use these strategies to stay ahead of the tech curve — and your competition. May 15, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Technology is an integral part of the modern business world, yet surprisingly, many C-suite leaders do not fully understand how tech works or why it is so important for their company. If you find yourself in this position, it can be alarming as you see other startups launch to massive success, all powered by tech tools that you know little or nothing about. You’re not alone in this problem, a 2017 survey by Microsoft found that while 84 percent of businesses felt digital disruption would significantly affect their industry, less than half had established a tech strategy.  If you are confused by terms like “big data,” “cloud computing,” “ERM” or “CRM,” you are at serious risk of falling behind the competition. Taking steps […]

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You Can’t Be an ‘Evolutionary’ Leader Until You Tap Into This 1 Key Resource

As founder, you had the idea for your company — but that doesn’t mean your ideas alone can push your company forward. May 6, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. With technology changing business at such a rapid pace, every company must evolve to survive. Unfortunately, far too many companies have embraced some changes too quickly. The result? Consider what can happen with a category like customer service. At some companies embracing technology too fast, customers must navigate email chains or a rabbit hole of phone taps just to reach a real person. Southwest Airlines, thankfully, doesn’t have this issue. Despite its size, the company has maintained a high level of customer relations while still embracing modern technology. Its “old-fashioned,” one-on-one style interactions with customers go a long way toward fostering satisfaction and loyalty. And when the airline recently updated another business category — shipping options — it maintained its personable […]

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Dave Goldberg, Entrepreneurial Inspiration and the Nicest Guy I Ever Knew

Four years after his untimely death a former colleague tells of Dave Goldberg’s last positive impact on his career and how he sees life. May 5, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. I recently left SurveyMonkey after more than six wonderful years in a variety of roles, and I am embarking on a new mission to go out on my own as a growth advisor for enterprises looking to grow their organic visibility. My inspiration to take this step forward comes someone whom I looked up to as one of the most amazing business leaders I ever met: Dave Goldberg, SurveyMonkey’s late CEO who passed away just over four years ago in May of 2015. During my first couple of years at SurveyMonkey, I came into frequent contact with Dave because Dave believed in staying close to his team. I attended a meeting with […]

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‘Avengers’ Star Zoe Saldana Not Only Battles Bad Guys Onscreen — She’s Also Fighting the Lack of Diversity in Media

The blockbuster actress champions untold stories through BESE, a digital media platform that she founded. Zoe Saldana is frequently seen on the big screen saving the fate of the universe in major franchises like Star Trek, Avatar and the Marvel Cinematic Universe. But last year she stepped into an entirely new role as the founder, CEO and editor-in-chief of BESE, a digital media platform dedicated to fighting the lack of diversity in mainstream media and creating a space for untold stories, particularly for Latinx youth. This month, Saldana is joining forces with Chivas Venture as a judge for the Chivas Venture Global Final competition at the TNW Conference in Amsterdam. Saldana and her fellow judges will hear pitches from 20 social entrepreneurs and ultimately award $1 million divided among 5 winners. Saldana shared her takeaways from her first year in business, stressing the importance of using your voice to help […]

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This CEO Breaks Down Why Working for Yourself Is Just as Great as You’d Hope

This entrepreneur has the freedom to do what she wants, how she wants. April 24, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner, Business Rockstars talks with Jen Proctor, the CEO of Cultivated Entertainment. The CEO knew from a young age that she wanted to work in some capacity in entertainment, but she says one of the most rewarding parts of being an entrepreneur is being able to make decisions and do things whenever she wants rather than constantly working under another person.  Click the vide to hear more from Business Rockstars’s discussion with Jen Proctor. Related: How These Women CEOs Raise Money in Rooms Full of Men Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital […]

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This Leader Says That 4 Words Changed His Life

April 13, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. Chief Executive Officer for More Love Media Adam Markel shares his thoughts on an experience that changed his outlook on leadership forever, which also served as the inspiration for his TEDx speech, DOING THIS for 10 Seconds Can Change Your Life! Markel and host David Meltzer, both members of the Transformational Leadership Council, discuss the difference between presence and pretense, how transparency has become a currency and why leaders need to posess a willingness to risk everything in order to get the job done. The pair also provide insights on the difficulties in achieving balance as a leader, and Adam covers his tendency to focus on priority management instead of time management. Related: How These 2 Best Friends Have Scaled Their Fitness Brand Together Read_More Related posts: Become a Respected, Successful Leader in 2019 With This $29 Course 5 Surefire Ways to […]

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