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Tag: Collaboration

  • Britney Spears’ mother-in-law hospitalized: Here’s what happened

    Britney Spears’ mother-in-law hospitalized: Here’s what happened

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    In an unfortunate turn of events, the mother of Britney Spears’ husband, Sam Asghari, was rushed to the emergency room in Los Angeles after a major accident, leaving fans and followers concerned. However, thanks to the incredible efforts of the medical staff, she is now on the mend. 

    Sam Asghari expresses gratitude and updates all

    Taking to his Instagram on July 29, the 29-year-old fitness trainer and actor expressed his heartfelt thanks to the staff at Cedars-Sinai hospital for their exceptional care during this challenging time. Sam wrote, “Today my mother was involved in a major accident. With the amazing help of the medical staff and some friends she’s doing okay.” While Sam didn’t provide specific details about the accident, he did share the positive news that his mother is on the road to recovery and is currently “resting it off.”

    Despite the distressing situation, there is some relief as it appears that Fatima Asghari is now on the road to recovery. Sam’s reassuring words of her “resting it off” provide some comfort to those concerned about her well-being.

    READ MORE : Britney Speaks delightfully poses with Lance Bass’ ‘gorgeous babies’; calls herself a ‘new auntie’

    Britney Spears and will.i.am’s new music release

    Meanwhile, in the midst of her professional achievements, Britney is also celebrating her first wedding anniversary with Sam. Having tied the knot in 2022 after five years of dating, the couple’s love for each other shines brightly through their heartfelt social media updates. On June 9, Sam posted an Instagram story and shared his joy. He wrote, “Happy 1 Year to me & my better half. One year married to the woman of my dreams. Happy anniversary my Love.”

    Britney also expressed her joy on Instagram, sharing snippets of their spectacular wedding day. The couple’s journey of love and happiness has been a source of inspiration for many, showcasing the power of standing together through thick and thin.

    ALSO READ: Is Britney Spears releasing a comeback album? Fans think so

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  • Are Smart Cities the Future? | Entrepreneur

    Are Smart Cities the Future? | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Over half of the world’s population lives in urban areas, and by 2050, this number is expected to rise to over 68%, adding another 2.5 billion inhabitants in cities. The strain on existing infrastructure and resources is becoming more apparent as the global population increasingly gravitates toward urban centers. This is also where the significance of smart cities becomes evident.

    Imagine a city where technology seamlessly intertwines with urban life, revolutionizing the way we live, work and connect. That’s exactly what smart cities hope to achieve. A smart city harnesses the power of information and communication technology (ICT) to increase operational efficiency, share information with citizens and provide improved government services and citizen welfare.

    Among these visionary endeavors, one project, in particular, has captured the world’s attention and sparked much debate: NEOM, a planned smart city in Saudi Arabia’s heart. But is NEOM a genuine catalyst for change or a mirage that dazzles the imagination? Let’s delve into it and find out.

    Related: Why Smart Cities Are the Path to a Sustainable Future

    How smart cities are transforming urban living

    Advancements in digital technology, IoT, AI and big data analytics have facilitated the growth of smart cities in recent years. These cities incorporate such technologies into their urban infrastructure to enhance mobility, encourage public engagement and optimize resource allocation.

    From using IoT-enabled sensors and devices to manage and maintain infrastructure to implementing intelligent energy grids and transportation networks to adopting data-driven governance and citizen-centered services, the potential advantages that smart cities can offer are extensive.

    The city of Dublin in Ireland is a great example of a city transitioning towards being a smart city and other cities are following suit, with many countries even embarking on ventures to develop planned smart cities. The Saudi NEOM is just one of them.

    Related: What Makes Smart Cities Smart

    Is NEOM a vision or a mirage?

    NEOM, Saudi Arabia’s planned city, has been positioned as a pioneering smart city project that aims to reinvent urban living. NEOM strives to build a vibrant ecosystem driven by innovation, sustainability and economic diversity across a wide span of approximately 26,000 square kilometers. The city pledges to develop a vibrant, technology-driven city by focusing on essential industries such as energy, biotechnology, tourism and entertainment.

    Let’s look at the potential NEOM holds to influence planned city projects around the globe and the skepticism surrounding it.

    Related: Why Smart Cities Are a Golden Opportunity for Entrepreneurs

    The potential of NEOM

    NEOM holds the promise of being a blueprint for future smart cities worldwide. Its emphasis on technology-driven solutions has the potential to improve energy efficiency, enhance mobility and bolster public safety, making it an attractive model for urban development.

    One area of potential impact lies in sustainable infrastructure. NEOM’s commitment to being powered entirely by renewable energy sources showcases a strong dedication to mitigating carbon emissions and promoting environmental sustainability.

    Another key aspect is the integration of autonomous transportation systems. NEOM envisions a network of smart mobility solutions, including autonomous vehicles and intelligent traffic management.

    Furthermore, NEOM’s emphasis on technology-driven solutions presents opportunities for innovation and collaboration. It aims to create an ecosystem that nurtures research and development, fostering partnerships between businesses, academic institutions and startups.

    Concerns about NEOM

    Critics have raised valid concerns regarding NEOM’s feasibility and sustainability. The massive scale of the project and its potential environmental impact have raised eyebrows. The successful realization of NEOM’s ambitious goals, such as being entirely powered by renewable energy and implementing autonomous transportation, is no small feat. Skeptics question whether such grand ambitions can be effectively executed in practice.

    Moreover, NEOM has also been at the forefront of several controversies, including the forced eviction of the Huwaitat tribe from their homes and human rights violations against migrant workers.

    The geopolitical context surrounding NEOM also raises additional questions. Its location near the borders of Egypt and Jordan and regional dynamics introduce uncertainties that could impact the project’s success. Political stability, collaboration with neighboring countries and the management of potential conflicts are among the key challenges NEOM must address.

    Related: Saudi Arabia’s NEOM: A US$500 Billion City Being Built ‘For A New Way Of Living’

    Can NEOM revolutionize urban development?

    NEOM’s ambitious vision for a smart city represents a bold endeavor that, if successful, could revolutionize urban development. However, it is essential to approach NEOM with a critical lens, considering the challenges and skepticism it faces. Monitoring its progress, addressing environmental concerns, ensuring long-term sustainability and navigating geopolitical complexities will be crucial for NEOM’s future.

    As NEOM unfolds, further analysis and evaluation will shed light on its potential as a transformative project. Balancing visionary goals with practical considerations is key to discerning whether NEOM will emerge as a visionary city of the future or remain a mirage in the desert.

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    Asim Rais Siddiqui

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  • 7 Empowering Strategies for Leaders Transitioning to New Roles | Entrepreneur

    7 Empowering Strategies for Leaders Transitioning to New Roles | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In the dynamic world of work, more than 50 million workers made a bold move in 2022, breaking records by quitting their jobs for better opportunities amid a hot labor market. Even in the face of economic concerns in 2023, numerous executives stepped away from their long-tenured positions to embrace fresh challenges and greater growth.

    As a leadership coach and founder of LEAD+VISION, I specialize in fostering unshakable inner confidence and cultivating high-performing team cultures through vision-based coaching. Throughout 2023, a recurring theme in my coaching practice was preparing executives for successful job transitions.

    Leaving a familiar, long-tenured job can feel like an overwhelming decision. Rebuilding strong relationships with peers and management, understanding new success metrics, fostering a high-performing team and upholding a reputable leadership image become crucial goals upon joining a new company. It’s natural for impostor syndrome to rear its head, whispering doubts like, “What has gotten me here may not get me there.”

    But fret not! Armed with the right strategies, you can navigate this change with unwavering confidence and ignite success at every turn. Join me as we delve into seven empowering strategies to help you shine in your new senior executive role:

    1. Align expectations for success: Setting the foundation

    First, sit down with your manager and clarify what success looks like in the next 6-12 months. Understand the key performance indicators (KPIs) and company goals. This alignment sets the stage for you to lead effectively, with a clear vision of what’s expected without getting lost in the noise of the daily business. Here are some guiding questions that can help during your first kick-off meeting:

    • What would success look like for you related to my team in the next six and 12 months?
    • What are the team’s current goals and objectives, and how are they aligned with the company strategy?
    • How is my team’s performance measured currently, and what are the key performance indicators or metrics that are used?
    • What are the team’s biggest challenges or pain points from your perspective, and how can we work together to address them?

    Related: How to Engage Employees Through Your Company Vision Statement

    2. Listen actively, grow exponentially

    Embrace the power of listening — a skill often underestimated. As you step into your new role, silence that inner critique trying to prove your worth, a fear-driven act I often observe with leaders in transition. Instead, tune in to your employees, peers, management team and cross-functional teams. Every individual’s insight is a puzzle that builds a complete picture of your new organization. It’s not about you but how well you can orchestrate information and action between these stakeholders.

    Related: Why Embracing Human Design Will Transform Your Workplace for Success

    3. Start collecting data and notice patterns

    Listening is not enough; you need to gather data systematically. Keep track of feedback, suggestions and observations from various interactions. Look for response patterns and trends to identify common themes, challenges and opportunities. This data-driven approach will help you make informed decisions as you progress. You are the orchestrator of information without bias coming in with a fresh set of eyes, able to steer the ship in the right direction.

    Related: How to Harness the Power of Data Analytics for Business Growth

    4. Create a 30, 60, 90 and 180-Day plan

    A well-structured plan is your compass for success. Break down your goals into manageable milestones for the first 30, 60, 90 and 180 days. This will keep you focused, organized and motivated, ensuring steady progress and measurable achievements.

    5. Own your experience and leverage your strengths

    Acknowledge the unique experience and skills you bring to the table. Embrace your expertise and use it to your advantage. At the same time, be open to learning from your new environment. Cultivate a growth mindset, constantly seeking opportunities to develop personally and professionally.

    Related: How to Build a Strengths-Based Culture by Unlocking the Power of Employee Potential

    6. Communicate transparently and clearly

    Clear and transparent communication is the lifeblood of a thriving organization. As a senior executive, your words carry weight, and as the new leader in an organization, building trust with your team and peers is the foundation for your success. Be honest, open and approachable. Keep your team informed about your learnings, progress, newly formed vision and any changes. Transparent communication fosters trust, camaraderie and a shared sense of purpose. It also empowers your team to challenge your assumptions and help build a high-performing team culture.

    7. Create a development plan and hire a leadership coach

    Hiring a leadership coach during your transition can be among the most rewarding and empowering investments. The right coach can ask you powerful questions to observe your thoughts and guide you with a broad toolkit of best practices to confidently develop yourself and your team.

    Ensure that your leadership coach has real-life business experience and can simultaneously act as a coach and mentor. Identify areas where you have room to grow and develop. It’s natural to have some gaps in your skills or knowledge. Don’t shy away from them or pretend to know, fearing being perceived as incompetent; instead, create a development plan. Seek learning opportunities within the organization, workshops, or mentoring to bridge those gaps actively. Find a work buddy, a long-tenured peer or executive, who can be the conduit for institutional knowledge, best practices or translator for challenges. Leverage your team’s expertise to fill in your gaps until you build enough confidence and learn.

    Stepping into a new role can be both stimulating and challenging. Embrace the opportunities that come with change, and remember that growth happens outside your comfort zone. Trust yourself, trust your team and trust the process. You will thrive in your new role by aligning expectations, actively listening, collecting data, creating a plan, owning your experience, communicating transparently and developing yourself.

    As you embark on this transformative journey, remember you are not alone. Every great leader faces new challenges and uncertainties. But with these strategies in your toolkit, you are equipped to soar to new heights. Embrace the possibilities, inspire your team and lead confidently.

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    Tugba Yanaz

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  • 7 Common Myths You Might Believe About Allyship | Entrepreneur

    7 Common Myths You Might Believe About Allyship | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In a world that continues to grapple with social injustice and systemic inequality, allyship has emerged as a critical strategy for advancing diversity, equity and inclusion. While many individuals genuinely believe they are good people, the challenge lies in effectively demonstrating allyship in their actions. True allyship goes beyond performative gestures or one-time efforts; it requires consistent, intentional actions over time. Allyship is about sustained change long term.

    Allyship, at its core, involves supporting marginalized individuals or communities by using one’s privilege to dismantle oppressive systems. Allies actively work to amplify marginalized voices, challenge biased norms and advocate for equity and justice. It is important to recognize that allyship is not a self-appointed label, but rather a status earned through continuous learning, self-reflection and ongoing action.

    In an era of social media activism and viral challenges, it is easy to fall into the trap of engaging in check-the-box activities. These are actions taken solely for the purpose of being seen as an ally or to temporarily ease one’s guilt, without a genuine commitment to effecting real change. Posting a hashtag, attending a single protest or making a donation can certainly be valuable, but they alone do not define allyship. True allyship necessitates a long-term investment of time, energy and resources.

    Effective allyship involves taking meaningful action beyond performative gestures. Engage in direct support of marginalized individuals and communities. This can include volunteering, mentoring or financially supporting relevant organizations. Stand up against discrimination and biases, even in uncomfortable situations. Being an ally means using your voice and privilege to effect change, both on an individual and systemic level.

    Related: Are You a Performative Ally? Here Are the Signs.

    Myth 1: Allyship is a one-time act

    Allyship is an ongoing commitment to actively support and advocate for marginalized individuals or groups. It requires consistent effort, education and self-reflection.

    Myth 2: Allies should speak for marginalized groups

    True allyship involves listening to and amplifying the voices of marginalized communities, rather than speaking on their behalf. Allies should create space for marginalized individuals to share their own experiences and perspectives. Allyship is about speaking up with marginalized groups, not for marginalized groups.

    Myth 3: Allies are always perfect and never make mistakes

    Allies are human and can make mistakes. It’s important to acknowledge and learn from those mistakes, take responsibility and make efforts to do better. Allyship is a continuous learning process. It is about progress over perfection.

    Myth 4: Allyship is solely about individual actions

    While individual actions are important, allyship also involves addressing systemic issues and working towards creating inclusive and equitable environments. This may involve advocating for policy changes, challenging discriminatory practices and supporting organizations that promote diversity and inclusion. Individual actions are important, but systems must be addressed for true positive change.

    Myth 5: Allies should be recognized and praised for their efforts

    Allyship is not about seeking recognition or accolades. It’s about supporting marginalized communities without expecting anything in return. True allyship is driven by the desire to create positive change, rather than personal gain. Allyship is in the eye of the beholder, it cannot be a self-proclamation.

    Myth 6: Allies should always be at the forefront of activism

    Allies should recognize that their role is to support and uplift marginalized communities, rather than taking the spotlight away from them. Centering and amplifying the voices and experiences of those directly affected by systemic injustices is crucial. Allyship is about dropping your ego and doing what is right, even if it is hard.

    Related: Every Leader Should Be an Ally: How To Implement Diversity and Inclusion in Your Business

    Myth 7: Allies cannot be criticized

    Feedback is a gift. Allies should be open to feedback and criticism. It’s essential to listen to the concerns and perspectives of marginalized individuals and be willing to reflect on and improve their allyship practices. Constructive criticism can help allies grow and become more effective in their support. If someone’s kind enough to give you feedback, they are trying to help you be better. Allies leverage feedback to learn and grow. It may be hard to understand something you haven’t yet experienced as an ally. That’s why feedback and learning are so critical.

    Allyship is a journey, and it requires continuous self-education, empathy and action. It’s important to recognize and challenge these myths in order to foster more inclusive and supportive communities.

    In a world striving for social justice and equality, allyship plays a pivotal role. It requires consistent, intentional actions over time rather than mere check-the-box activities. By actively educating ourselves, listening, amplifying marginalized voices and taking meaningful action, we can contribute to creating a more inclusive and equitable society.

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    Julie Kratz

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  • How to Improve Your Relationships — Both Personally and Professionally | Entrepreneur

    How to Improve Your Relationships — Both Personally and Professionally | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Almost everyone I know wants a better relationship with someone. Usually, it’s a spouse or significant other, but many of us also want better relationships with our direct reports, boss or peers. At home, we often want better relationships with our parents, kids or friends.

    Lately, as I’ve coached clients, I find myself giving some of the same advice repeatedly. Here are the top four practices that have consistently resurfaced in my conversations with clients.

    Related: How Can Entrepreneurs Improve Their Personal Relationships? 8 Experts Weigh in.

    1. Think about “love” as a verb, not a noun

    All too often, we talk about “love” as if it’s a noun. Something to be found, something that happens to us. The most successful people I know don’t view love as a noun; rather, they treat it as a verb. They practice it. Don’t wait for others to do things that make you feel love. Proactively choose love. Act lovingly. When we show others love, it’s amazing how much more we simply feel love. Love, like happiness, is something that we can create ourselves. Ask yourself, often, “what would a loving person do right now?” Whatever the answer is, do it.

    Recently, I had a difference of opinion with my partner, David, before we both started our workdays. For most of that day, I didn’t feel much love toward him. In the late afternoon, however, I realized that I could simply choose to love him. Typically, David does our grocery shopping. That day, even though I felt angry and frustrated over our discussion that morning, I got in the car and headed to the grocery store myself. I knew David had a busy day planned and doing all our grocery shopping that week would greatly help him. By the time I returned home, I already felt much more love for him.

    2. Regularly ask (and talk) about feelings

    So often, when there’s a difference of opinion, we forget to both ask about feelings and share our own. Saying: “I feel alone, hurt, disappointed or surprised because of X” is much different than saying: “I don’t like it when you do X.” For most of us, talking about our feelings is like emotional oxygen and psychological air. When we get to talk about our feelings, we often feel seen, heard, valued and appreciated. Hearing about someone else’s feelings and sharing our own reminds us that we’re on the same team, not opposing sides of a battlefield.

    After hearing the feelings of others, it often makes sense to paraphrase or repeat back what you heard; this is a way of checking for understanding. You might say: “It sounds like you’re feeling betrayed because of this; is that right? Gosh, I’m so sorry to hear that. That must be so difficult.” Don’t forget to both ask how others feel and also share your own feelings. Once feelings are on the table, it’s amazing how quickly we can move toward solutions.

    Related: Dealing With Feelings: How to Be an Emotionally-Aware Leader

    3. When you screw up, apologize authentically and genuinely

    We are human. We all make mistakes. When you do, apologize, but do so genuinely. First, get specific. Don’t just say: “I’m sorry for what happened Saturday night.” Instead, let the other person know you’re truly sorry for exactly what happened by stating it, out loud. Also, take the time to (once again) state how you imagine (or know) the other person feels. Acknowledge how your behavior affected them.

    Finally, make a point to commit to change. Talk about what you’ll do to ensure that the same thing won’t happen again. You might say: “I am so sorry that I was late to our appointment and kept you waiting for 25 minutes. I can see I didn’t respect your time, and this made you feel like I don’t care about our relationship as much as you do. I value our relationship very much, so that’s not going to happen again. Going forward, I’m going to set an alarm before I need to leave for our meetings, and also put a reminder on both my personal and professional calendars.” Additionally, taking the time to apologize in person or over the phone (instead of via email or text) can carry a lot of weight. This shows the relationship really matters to us, and we’re serious about our apology.

    Finally, don’t make excuses or blame outside factors for what happened. Sure, the weather or traffic might’ve helped cause your tardiness, but citing those things in your apology only shifts responsibility away from you, and what you’re wanting to show is that you’re ready to take accountability and own it. So, remain focused on what more you could’ve done; not anything else.

    Related: The 3 Most Important Phrases In the Entrepreneurial Vocabulary

    4. Recognize and respect your differences with others

    All too often, people say things like: “She shouldn’t have done this. I would never do that.” We tend to think that our way is the right way — or worse, the only way. Don’t fall into this trap. Beliefs, values and paradigms are not all universal. Remember that the person you’re interacting with probably learned different social norms than you did when you were growing up.

    Avoid judging those who don’t share your default ways of behaving. Instead, get curious. Take the time to ask questions and learn about why someone does what they do. Then, respectfully talk through your way of doing it (and your why). The best relationships are ones where two people or a group decide together, as a team, what the established norms and rules for the relationship should be.

    When we practice these four things in relationships, our relationships not only work better and last longer, but we’re also able to move through conflict more quickly. Many people who follow these four practices find their relationships can withstand more conflict or confusion, and misunderstandings are easily recoverable.

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    Amy M Chambers

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  • Is Remote Work Becoming Less Popular? | Entrepreneur

    Is Remote Work Becoming Less Popular? | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    This story was originally reported on ReadWrite.

    Ever since the COVID-19 pandemic, remote work and hybrid work have encroached their way into normalcy. Now that many people have gotten used to this arrangement, with some of those people thriving in it, it’s unlikely that remote or hybrid work will ever go away.

    Related: Employers: The Burden of Going Back Into The Office Is Not as Bad as You Think — It’s Worse.

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    Deanna Ritchie

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  • Struggling in Franchising? You Need to Think Bigger. | Entrepreneur

    Struggling in Franchising? You Need to Think Bigger. | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    A few years ago, I was speaking to some friends and colleagues about a vision I had for a new franchise restaurant. I told them the brand had a unique concept and could quickly be on track to 1,000 worldwide locations. The responses were fairly consistent: incredulity and laughter. And these people were supposed to be my friends!

    The brand we talked about was The Halal Guys, a company I work with. After an extremely successful 2022, one in which the company opened its 100th location — and with 300-plus more in development — it was tempting to then ask them, “Who’s laughing now?”

    The plan was aggressive from the jump: We’d target the 50 largest markets in North America, then go international. Most of those major metro areas are covered now, and international expansion has begun with the UK and South Korea. Pulling this all off as quickly as we’d envisioned seemed impossible to a great many, but that ambitious mindset worked.

    Here are some essential strategies I’ve applied in the course of taking more than 10 such brands worldwide.

    Related: 5 Strategies You Need to Build Your Brand

    Think positively

    There’s nothing a failing person likes to see more than someone else fail. So, it’s okay if someone doesn’t see your vision: It wasn’t their vision anyway, it’s yours.

    My story about The Halal Guys isn’t an outlier. When you’re building, many people are going to root for you to tank simply because they aren’t winning, which often means that they’ll give you bad advice, encourage you to back off and/or withhold a helping hand. That’s why it’s so important to think positively about your brand’s potential and growth plan. Because challenges arise for young franchises daily, and panic doesn’t put money in the bank.

    When I was helping PayMore through its initial franchise launch, it seemed that we couldn’t sell to anyone. Despite great unit economics and a scalable business plan, many thought its buy-sell-trade model seemed too much like a pawn shop, and in truth, we weren’t doing the company any favors by presenting it like one.

    Still, there was no panic. We stayed positive and altered our presentation. It’s been a little more than a year now since we launched franchising, and over the last two months have completed more than a dozen deals encompassing 60-plus units. Put simply, positivity paid off.

    Think aggressively

    It’s important to have brand standards, but it’s also important to know when to bend them. You may be dead-set on only allowing multi-unit deals, for example, but the right single-unit deal can get the ball rolling for a stagnant brand, including attracting good press, which could lead to a multi-unit franchisee down the road.

    Also, think about how you can incentivize franchisees to expand their territories because encouraging them to embrace affordable conversions could lead to quicker growth (keep in mind that this requires having the right design and brand standards in place). Thinking aggressively means being prepared to act fast when opportunities arise, so plan accordingly when building your business strategy.

    Part of thinking aggressively is thinking big: Don’t be content with small, steady growth if your concept can handle rapid expansion. Don’t be afraid to go for it.

    Related: As a Leader, You Need to Be Both Positive and Aggressive

    Think beyond yourself

    Building a brand that aims to be a household name is a lot easier with a solid team in place. I’ve always enjoyed getting my hands dirty, and I’ve never worked harder than I did for real mentors and with other people who have taught me about the industry.

    Case in point: I’m working with a new brand out of Chicago called Cilantro Taco Grill. Their story is inspiring — run by a family of first-generation immigrants from Jalisco, Mexico, who built the restaurant as a tribute to their father and as a celebration of the authentic flavors they grew up with. They’ve dominated the quick-service Mexican scene in Chicago, in part because their business plan was born out of familial love. The company’s story and standards are authentic, and its food tastes better because of that.

    This is just part of why it’s so vital to share your goals, and even more so to share your success. Team members should also be in line with the business plan and where the brand is headed — should be thinking positively and aggressively right alongside you. Of course, that requires the right workplace dynamic: People naturally invest themselves in people who take care of them, so incentivize success, offer quality benefits and provide a comfortable workplace.

    Related: Why Are Companies Still Holding Back on Investing in Employees’ Development?

    Think about the future

    The goal for any franchisee should be to get wealthy, certainly, which involves building towards an exit. This business, like virtually all others, is about growing an asset that has the potential to sell at peak value. That’s why you need to be positive, prioritize aggression and focus on building a team — with the very possible goal of attracting a buyer. A profitable five-unit franchise chain that sells at eight times its yearly income could potentially set you up for life — a return most other industries can’t offer in a comparable timeframe.

    You shouldn’t be looking to create a job — heck, you can go find a job. Your future in franchising should be building generational wealth — for your family, your kids and yourself.

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    Dan Rowe

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  • Are You a Visionary Leader? Here Are 12 Ways to Get Started | Entrepreneur

    Are You a Visionary Leader? Here Are 12 Ways to Get Started | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In today’s rapidly evolving business landscape, the role of visionary leadership has become increasingly crucial. Visionary leaders possess a unique ability to inspire and guide their organizations toward a desired future state. History has shown that a visionary leader initiated every significant technological invention. They are catalysts for change, capable of transforming companies and shaping industries.

    As the founder of LEAD + VISION, a vision-based leadership coaching and consulting firm, I coach C-suite executives on building and elevating their visionary thinking skills. Today, we embark on a journey to explore the transformational effect of visionary leadership and uncover invaluable insights on how you can develop and elevate your visionary leadership skills.

    The power of visionary leadership

    Visionary leaders profoundly impact their organizations by providing a clear sense of purpose, direction and motivation. They possess a compelling vision, which acts as a guiding star for their teams. This vision serves as a roadmap, helping companies navigate through challenges, seize opportunities and adapt to the ever-changing business landscape.

    Transformational leaders have the ability to communicate their vision effectively, creating a shared understanding and sense of ownership among team members. Visionary leaders foster collaboration, inspire innovation and drive engagement by aligning the organization around a common goal. This synergy and excitement of a shared vision empower employees to go above and beyond their usual responsibilities, fostering a culture of excellence and continuous improvement.

    Related: 3 Perspectives of Visionary Leaders

    Developing visionary skills

    While some individuals naturally possess visionary leadership abilities, it is a skill that can be trained and built with practice. Here are some strategies to cultivate and enhance visionary leadership skills:

    1. Self-reflection: Take time to introspect and define your personal values, passions and long-term goals. Understanding your own aspirations and what drives you will enable you to craft a compelling vision that resonates with your team.
    2. Environmental scanning: Stay informed about industry trends, emerging technologies and societal changes. By continuously scanning the external environment, you can anticipate shifts, identify opportunities and adjust your vision accordingly.
    3. Embrace the power of curiosity: Curiosity fuels the fire of visionary thinking. Embrace an insatiable hunger for knowledge, exploration and learning. Seek diverse experiences, delve into new domains and challenge conventional wisdom. By fostering an ever-curious mindset, you will expand your mental horizons, uncover hidden connections and illuminate the path toward visionary insights.
    4. Embrace systems thinking: Embrace the wisdom of systems thinking, for it is the cornerstone of connecting the dots. See your organization as an intricate ecosystem, interconnected and interdependent. Understand the ripple effects of decisions, the delicate balance of forces at play and the dynamic relationships within and beyond your organization. By adopting a systems thinking mindset, you will perceive the interwoven threads that shape your organization’s destiny.
    5. Foster a learning culture: Nurture a culture of continuous learning within your organization. Encourage your team to explore new concepts, engage in cross-functional collaborations and share their discoveries. Create spaces for open dialogue, where ideas can flow freely and diverse voices can be heard. By fostering a learning culture, you create an ecosystem where dots naturally converge, enabling the emergence of innovative solutions.
    6. Embrace data and analytics: In the age of digital transformation, data and analytics serve as a powerful lens to perceive hidden patterns. Leverage technology and data-driven insights to unearth correlations, trends and anomalies. Develop the ability to extract meaningful insights from vast volumes of information, enabling you to anticipate shifts, seize opportunities and connect the dots that others overlook.
    7. Encourage intuition and creativity: Visionary leaders understand the power of intuition and creativity as catalysts for connecting the dots. Cultivate your intuitive senses, trust your gut instincts and allow your subconscious mind to weave its magic. Embrace creativity, for it is the bridge that connects seemingly disparate elements, sparking innovative solutions and revealing unexpected connections.
    8. Engage in strategic thinking: Develop the ability to think strategically by analyzing complex problems, considering multiple perspectives and envisioning future scenarios. Strategic thinking allows you to anticipate challenges, devise innovative solutions and guide your organization toward success.
    9. Nurture an innovative culture: Cultivate a mindset of curiosity, experimentation and embracing calculated risks throughout your organization. Foster an environment where employees are encouraged to contribute their ideas and provide valuable feedback. By fostering a culture that celebrates innovation, you empower your team to break free from traditional boundaries, igniting transformative change and propelling your organization toward new heights.
    10. Effective communication: Master the art of communicating your vision clearly and consistently. Tailor your message to resonate with different stakeholders and adapt your communication style to suit diverse audiences. Use storytelling techniques to inspire and engage your team, painting a vivid picture of the desired future state.
    11. Build a diverse team: Surround yourself with individuals who bring different skill sets, perspectives and experiences. Diversity enhances creativity, fosters innovation and ensures that blind spots are identified and addressed. Embrace inclusive leadership practices that create an environment where everyone feels valued and empowered.
    12. Develop emotional intelligence: Visionary leaders understand the importance of empathy, emotional awareness and effective relationship-building. Cultivate emotional intelligence to inspire trust, motivate your team and foster a sense of purpose.

    In this era of constant disruption, visionary leadership is the catalyst for transformative change. By integrating these strategies into your leadership approach, you will unlock the full potential of your team and navigate the evolving business landscape with confidence.

    Embrace the visionary within you and let your leadership shine as you shape industries, inspire change and leave a lasting impact on your organization’s success. Your visionary journey starts now.

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    Tugba Yanaz

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  • The Best Mom & Pop Travel Experiences in the U.S. | Entrepreneur

    The Best Mom & Pop Travel Experiences in the U.S. | Entrepreneur

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    Entrepreneur asked Yelp to dig into its data, to reveal which ones America loved the most. Together we created America’s Favorite Mom & Pop Shops, a list of 150 local, independently owned and operated businesses across 10 categories — including, yes, hotels, B&Bs, and travel.

    To see every category, as well as the methodology behind the list, click here. Below are the 15 companies included in the hotel, B&Bs, and travel category.

    Note: Some businesses may have multiple locations. Only one location is listed for each.

    1. The Vine House Bed & Breakfast

    Temecula, CA

    Company website | Yelp page

    Located in the middle of wine country, this family-operated bed and breakfast is a real hit among travelers. It is within one mile of seven different award-winning wineries, making for great accommodations for anyone looking to experience the best wineries in a relaxing space.

    The rooms are accommodated with king size beds, fireplaces and gourmet breakfasts. Vineyard view patios are also an option. The property backs up to a 10-acre vineyard.

    Cheryl R. writes on Yelp, “It is spectacularly gorgeous. The rooms are so spacious and the amenities are top notch. You do not get a bad room at this place!”

    2. The Chadwick Bed & Breakfast

    Portland, ME

    Company website | Yelp page

    This home was built in 1891 and converted into a bed and breakfast over 40 years ago. The Portland, Maine area has so much to do that travelers can use the property as a retreat at the end of a long day or use the property itself as a vacation getaway. The classic architecture, the food served, and the surroundings on the premises are a vacation in and of itself.

    Breakfast seems to be a resounding hit among reviewers of this property. Kim B. notes on Yelp that when it comes to the servings, “Not a detail was forgotten.” In fact, nearly every review on Yelp notes how fantastic the breakfast is.

    3. Horseshoe Bend Slot Canyon Tours

    Page, AZ

    Company website | Yelp page

    Taking you into the heart of the Navajo nation, this touring company will get you out to the legendary Secret Antelope Canyon and Horseshoe Bend Overlook. Plus, there’s an option for Horseshoe Bend rafting for those that are up to it.

    These are some of the most scenic overlooks in the entire United States, and group tours are kept below 15 people to make them more personal. Christopher Y. notes on Yelp, “If you want plenty of time to explore, learn about Navajo culture from a local and truly experience the sights you want to see, this is the tour to do!”

    4. Spoke and Vine Motel

    Palisade, CO

    Company website | Yelp page

    This motel is the creation of a husband-and-wife team with backgrounds in hospitality and property management. They have renovated an old roadside motel building to create an entirely new, hip experience for patrons. They’ve recently opened a motel bar as well, featuring great cocktails and local drinks.

    Travelers rate this spot in the Grand Valley very highly, noting that it is within walking distance of wine, beer, mead and everything else this area of Colorado has to offer. In particular, reviewers love the beds and the fact that coffee and breakfast are brought to each room every morning.

    5. The Motor Lodge

    Prescott, AZ

    Company website | Yelp page

    Located just blocks from Courthouse Square and Whiskey Row, this boutique hotel is earning rave reviews as a must-stay in the Prescott-area. With the feel of an old roadside motel, there are just 13 rooms at the establishment. Each room is unique.

    Rooms have shared and private patios, which earn high marks from travelers. Reviewers note that they like the establishment’s funky and retro vibes, as well as its proximity to historic downtown Prescott. Lyndsey E. writes on Yelp, “Staying at this motor court felt like a step back in time with modern amenities.”

    Related: How to Impress Guests in a Changing Hospitality Industry

    6. FivePine Lodge & Conference Center

    Sisters, OR

    Company website | Yelp page

    Earning AAA’s 4 Diamond rating, this classic-style lodge stands out above the rest in the area. Each cabin (there are also rooms in the main lodge) is accommodated with a king-sized bed, a waterfall soaking tub, fireplace, private balcony/patio and a complimentary hosted wine reception. The gourmet breakfast also earns high marks.

    Additionally, reviewers love the gourmet coffee and tea service, as well as the on-site athletic club, spa, moviehouse and fine dining. There’s access to bicycles for exploring the surrounding area, as well as access to hiking trails.

    7. Everglades River of Grass Adventures

    Miami, FL

    Company website | Yelp page

    Everglades River of Grass Adventures has been earning top-tier reviews since 2012. Visitors love the small, custom airboats they use to explore the Everglades and surrounding area — where alligator-spotting in pretty much guaranteed.

    These tours will take you deep into the Everglades, giving you glimpses of unique wildlife and plants in the process. Reviewers note the awe of enjoying this area of the country’s unique great outdoors, as well as the tour guides’ friendly lessons.

    Jilly B. on Yelp says that her family “had the best time learning about the native species and the unique ecosystem” and called it ” the best hands-on nature study we have ever done.”

    8. Ray’s Bucktown B&B

    Chicago, IL

    Company website | Yelp page

    Located just outside of downtown Chicago, Ray’s Bucktown B&B offers the chance to experience the Windy City’s legendary Wicker Park/Bucktown area. It’s also just a few blocks from Logan Square.

    The building offers 11 unique rooms, as well as a sauna. The location is modeled after small European hotels. You’ll be hard-pressed to find a review that doesn’t mention the establishment’s cooked-to-order breakfast that is served every morning. There is unique decor throughout, reflecting the owner’s global travels, as well as some nods to the local history of Chicago.

    9. The Roxbury

    Roxbury, NY

    Company website | Yelp page

    An extremely unique location near the Catskills, The Roxbury is an experience in and of itself. Called “one of the most amazing hotels in the entire country” by HGTV, and featuring themed rooms and suites, the establishment aims to wow their customers the minute they open the door to their room.

    The Roxbury’s website says that “if you do not at least smile (and hopefully sometimes gasp) when you open the door to your room, then we have not done our job.” Judging by the feedback from customers, they are succeeding. The terms “enchanted” and “magical” are commonplace in traveler reviews on Yelp and Trip Advisor.

    10. Blue Swallow Motel

    Tucumcari, NM

    Company website | Yelp page

    Located on historic Route 66, this establishment wants to give its guests an experience of what it was like to travel on the road back in the 1940s and 1950s. You experience history here in a building that was originally built in 1939. It features vintage furniture and decor in the restored rooms, as well as neon signs outside and garages attached to each room.

    The Blue Swallow earns high marks from travelers who have stayed during their Route 66 adventures. Erin C. on Yelp notes, “The rooms are adorable and retro furnished. The neon lights and evening vibe cannot be beat.

    Related: How This Husband-and-Wife Team Grew a B&B Empire

    11. Savannah Taste Experience

    Savannah, GA

    Company website | Yelp page

    Take a trip through historic Savannah via a three-hour walking and tasting tour. During this experience, customers will see the cultural landmarks, architecture and historic sites of the city while also indulging in some of the best food that is part of the local tradition.

    Reviewers like that the tour groups are kept to a manageable size — 12 people or less — which makes it easy to hear the tour guide and partake in all the activities. They also like how well-versed the tour guides are in the history of the city, and say they learn lots of information in an engaging and entertaining way.

    12. Desert Pearl Inn

    Springdale, UT

    Company website | Yelp page

    Near the Virgin River and Zion National Park, the Desert Pearl Inn is a great location for a retreat or romantic getaway. It’s built inside a deep canyon, meaning you can enjoy stargazing at night and great outdoor activities during the day.

    Guests view red rock formations along the river outside of their room. And what about the room itself? You will be surrounded by stone walkways and stucco, with framing done via Douglas fir and redwoods that were taken from a 100-year-old railroad trestle that used to cross the Great Salt Lake.

    Reviewers love the balconies, clean amenities and the ability to walk to your destinations.

    13. Rachael’s Dowry Bed & Breakfast

    Baltimore, MD

    Company website | Yelp page

    This highly rated bed and breakfast is in Baltimore’s Ridgely’s Delight neighborhood, and is walking distance from the inner harbor. It is surrounded by homes built in the 18th and 19th centuries, allowing visitors to experience history in an immersive way.

    The home was originally built by a brick baron, and George and Martha Washington were once hosted here in 1798. Reviewers love how quiet the neighborhood is, along with the home’s beautiful gardens, parlor room and library (with complimentary tea), and the two-course gourmet breakfast.

    14. Bobby’s Bike Hike – Chicago

    Chicago, IL

    Company website | Yelp page

    Bobby’s Bike Hike was created out of a love of travel — and family. It was founded by Jeremy Lewno, who grew up in Arkansas and spent his twenties traveling Europe. Then he moved to Chicago in 2002 and created Bobby’s, which he named after his late father, who operated a tour bus and taught his son a love of travel.

    Today, Bobby’s remains a great way to see the city up close and enjoy the 18 mile lakefront while being environmentally and culturally conscious. In addition to bicycle tours, the company also offers walking and food tours. Or you can just rent a bike from them and be on your way to take in everything on your own.

    15. SevenOaks

    Lake Geneva, WI

    Company website | Yelp page

    Want to get away from the kids, and enjoy a quiet retreat with your partner? That’s very specifically what SevenOaks is for. It’s a couples-only bed and breakfast, where couples can recharge just minutes from the shore of Lake Geneva in southeastern Wisconsin.

    Guests who stay here are presented with their own private cottage. Reviewers love the relaxation and privacy that this ensures, as well as the personalized touches upon arrival such as the chalkboard outside with the guest’s name on it. Reviewers also note how much they appreciate the clean amenities, complimentary wine, crackers, and daily breakfast that is brought to each cottage.

    Related: 10 Ways Small Businesses Can Give Back Without Breaking the Bank

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    Entrepreneur Staff

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  • To Get the Most Out of Business Events, Focus on These 2 Things | Entrepreneur

    To Get the Most Out of Business Events, Focus on These 2 Things | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Business events are super lucrative for entrepreneurs, at least for the ones who come with the right mindset. Others, though, sometimes leave feeling great — but if you audit their progress, little to no forward movement is made. So, what makes the difference between the one who yields fruit and the one who doesn’t?

    From past experience, I’ve been both of these types of entrepreneurs, and it’s taken me time to learn how to make the most of the events I’ve attended. What I’ve come to realize is that events are full of stimulus.

    Business events are full of tons of valuable information, incredible presentations, and great networking opportunities, but it’s the fact that there are so many valuable pieces that often scatter your focus instead of making you better.

    Learning which pieces you’d like to gain and walking in with intention is most important. I’ve learned to direct my focus to two main actions that I’d like to accomplish during the event — by focusing on networking or taking away immediately actionable steps through the education at the event.

    Related: 3 Types of Events Entrepreneurs Must Attend

    How to make the most of networking at events

    If your goal is networking and making valuable connections for your business, you’ll want to focus on creating deep, meaningful relationships.

    First and foremost, be curious about who you’re talking to. Most often, you’re so concerned about talking about your own business that you might chase away the exact people you’d like to attract to your business.

    Instead of focusing on yourself, be curious about what they do, who they are and what their goals in life are. Don’t just talk about business. Talk about their family, their interests and their passions. Show a genuine interest in who they are, and find the common threads that you share.

    If the opportunity presents itself, speak about what you do and how much you enjoy it. Passion is contagious. Put the energy in to show your passion for what you do and how it makes you feel.

    Most importantly, don’t be that guy or gal running around handing out business cards and moving on to the next person as if it’s a race to hand out a card to everyone in the room. Chances are those will just be thrown out, and you’ll never get the call you’re looking for.

    Related: 8 Ways to Get the Most Out of Networking Events

    How to make the most of the education from events

    Events often have high-level speakers who share valuable information. A lot of the time, it can be so much valuable information that you could never take action on all of it. So, what should you do in that situation?

    First, I’ll research speakers beforehand if I know who’s going to be speaking. I figure out what they teach and what I need most. I had a friend once say, “I’d much rather have just-in-time information instead of just-in-case information.” Of course, competency is important for your business, and continuing education is popular in many industries for a reason. But it’s easy to get led astray by shiny objects at an event.

    Figure out what you need most in your business and who will teach about it. Select a few people who you’ll be able to focus on intently, and take diligent notes on their teachings.

    Plan the time that you’ll implement the strategies, and do it in a strategic way so that you’ll be able to measure the results. If possible, take detailed enough notes so a team member can implement some of the other actions you’d like to take.

    Most importantly, don’t get caught up with the shiny objects and get pulled off course. Directed focus is your number one asset.

    Bonus tips

    There are a couple of other things you can do to leave a lasting impression on the people you meet at business events. Dressing well is important. The impression people get of you when they first see you is a lasting one. Dress the part, and look sharp.

    Remember names as best as you can. Try to prime your memory of them by placing something else that you associate them within your memory and saying their names a couple of times in your head while associating that thing with them in your memory.

    Most importantly, remember to be yourself. People will pick up on fakeness — it’s easy to want to impress people and be someone you’re not. The most important thing is to remember to be yourself and look to create deep, meaningful connections without being fake or lying about who you are.

    Related: 3 Ways to Get More Business From Your Next Networking Event

    These events can be an extremely valuable place to grow your business, find partners and learn information that will change your business. It’s easy to get overwhelmed and spin your wheels instead of gaining the traction you’re looking for.

    If you can show genuine interest, build rapport and focus on specific, actionable steps you’d like to accomplish when leaving, you’ll see the benefits you’re looking for from attending.

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    Trevor Cowley

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  • Why Investors With an Entrepreneurial Past are Vital to Startup Success | Entrepreneur

    Why Investors With an Entrepreneurial Past are Vital to Startup Success | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In this article, I would like to focus on one significant trait that some investors possess — an entrepreneurial background that enables them to establish strong connections with startups and better understand the ‘pains’ and challenges new founders face.

    Based on my personal experience as an entrepreneur I would like to highlight key aspects of communication with startups and why your entrepreneurial past makes you a little bit different from others.

    Related: 6 Steps to Finding the Right Investors for Your Business

    Speaking the same entrepreneurial language

    When communicating with founders, having an entrepreneurial background is extremely helpful. Founders can sense it, even from how questions are formulated, and they often highlight they have never been asked such questions before — questions are tailored with a deep understanding of the subject.

    And it’s not just about technology-related topics, but specifically business management, such as sales funnels, marketing strategies, product market fit and customer development. Besides managing businesses, having personal experience in creating acceleration programs and all the leading methodologies of Silicon Valley, which we have integrated into accelerators for many years to make them more effective, can enhance communication between investors and founders.

    With my experience of establishing 42 accelerators and collaborating with 1500 alumni startups, I have encountered familiar patterns, challenges and intricate situations when working with founders. We have found solutions together with startups in the past, and now I bring that experience to my current communication with founders.

    Entrepreneurs then — investors now

    Investors with entrepreneurial backgrounds bring valuable insights and expertise to the table. They have firsthand experience navigating the challenges and uncertainties of building a business, which allows them better to understand the struggles and aspirations of startup founders. Here are some great examples from the venture world.

    Mark Suster is a well-known voice in the investing world, having written extensively about investing in startups and building them on his website, Both Sides of the Table. He possesses the unique ability to discuss both sides of the table due to his experience as a two-time entrepreneur, having sold a company to a French firm and another to Salesforce. Currently, he serves as a partner at Upfront Ventures in Southern California (SoCal).

    Marc Andreesen, viewed as a pioneer in the tech space, founded Netscape, Opsware, Ning, and now his investment firm, Andreessen Horowitz. He’s an expert in tech trends and a frequent speaker in the angel investing space.

    Reid Hoffman is one of the most sought-after opinion makers in Silicon Valley. He is widely recognized for founding the largest business social network in the world, LinkedIn. Moreover, he has successfully translated his entrepreneurial acumen into profitable investments, with key stakes in companies like Facebook, Airbnb, and PayPal.

    Related: 5 Questions to Prepare for Ahead of Your Meeting With Investors

    Benefiting from an entrepreneurial past: from coaching to strategic planning

    An investor with entrepreneurial skills can provide valuable support and guidance to a startup in several ways. Here are some ways in which such an investor can help:

    • Fundraising strategy. The primary role of an investor is to provide funding to the startup and help them with fundraising strategy going forward. This financial support is crucial for the startup to develop its products or services, hire talented employees and scale its operations. With their entrepreneurial experience, the investor can assess the startup’s financial needs and give some strategic advice on funding allocation. Additionally, can guide the founder towards better fundraising strategy and preparation for investor meetings.
    • Strategic planning. An investor with entrepreneurial skills can help the startup create a solid business plan and set strategic goals. They can provide insights and expertise gained from their own entrepreneurial background, helping the startup identify potential challenges and opportunities. Together with the startup’s founders, they can develop a roadmap for growth and devise strategies to overcome possible challenges.
    • Shared perspective. I think this is one of the most important ways of communication, and here is why. An investor with an entrepreneurial background can better understand startups’ challenges and opportunities. They have likely experienced similar struggles, such as fundraising, market-entry, scaling and operational issues. This shared perspective helps establish rapport and empathy with startup founders, fostering better communication and mutual understanding.
    • Mentoring and coaching. Startups often appreciate investors who can go beyond providing capital and act as mentors or coaches. An investor with an entrepreneurial background is well-suited to fulfill this role. They can offer guidance on overcoming challenges, making critical business decisions and navigating the ups and downs of entrepreneurship. Their ability to draw upon personal experiences can be particularly impactful in helping startups succeed.

    I love seeing founders passionate about their startups, and our fund sometimes goes the extra mile to advise startups, even if they didn’t receive investments from us. It’s important to remember that when rejecting a startup, there is always the possibility that it may return in the future after making significant improvements in key metrics. Therefore, it is in our best interest to provide additional advice on what steps they need to take to attract funding.

    I receive requests from founders for personal consultations quite often. We were thinking about how to turn this demand into something beneficial for startups and society and came up with a very good solution. We decided to combine venture and charity by launching a project with the Podari.Life charity fund called “30 min/lunch with VC to save lives.”

    Relationship building

    Investors with an entrepreneurial past can leverage their extensive network and connections to open doors, make introductions and facilitate strategic partnerships for the startups they work with. This network can be instrumental in helping startups access resources, industry expertise and potential customers.

    For example, the CEO of one of our portfolio companies, PicUp, recently embarked on his first visit to the USA. He took the initiative to go on an extensive tour, visiting key states and connecting with potential partners and investors. I understand firsthand how challenging it can be to establish new connections in a foreign country, especially in the USA and particularly in Silicon Valley, which has no analogs in the world. With this in mind, we decided to assist by connecting the company with investors and key players in the Silicon Valley innovation ecosystem in advance.

    Related: The Things Successful Leaders Do and Don’t Do to Build Relationships

    What matters the most

    In summary, it is not solely the investors’ entrepreneurial experience that founders find appealing. Rather, their experience in different roles inside a business allows investors to have a wider view and help early founders avoid common mistakes while building the next big thing. After all, venture investment is a long-term relationship, and you want to build partner-like relationships with people you will most likely work with for the next 8-10 years until your exit.

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    Zamir Shukho

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  • Why Nurturing Relationships With Other Entrepreneurs Is Vital | Entrepreneur

    Why Nurturing Relationships With Other Entrepreneurs Is Vital | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    As an entrepreneur, nurturing relationships outside of that realm is important, but the same goes for nurturing business relationships. We have to find that balance. Being able to do so has been very rewarding for me. In the beginning, I didn’t have other entrepreneurs to share my excitement, ideas, wins, challenges or losses with.

    I get very excited about sharing my journey, ideas, plans, etc., and in the past, when I would share certain parts of my journey with people who weren’t entrepreneurs, my excitement was perceived as me bragging or thinking I know more than that person. My reaction was, “No, I’m just passionate and excited to have made it to this point or be able to take that negative and turn it into a positive. That’s it, that’s all”. I’m passionate about any projects I work on, and I love hearing about other people’s passions.

    “The true currency of business is trust. Nurture your relationships, show integrity, and deliver on your promises. That’s how you build a solid foundation for long-term success.” — Denise Morrison, Former CEO of Campbell Soup Company

    I’m an introvert, and I realized that for me to reach my full potential, I had to step outside of my norm. Whew, and once I did, one word that accurately describes what I started to feel was: “exhilarating.” I am loving this chapter. I was able to build my network and nurture those relationships. In nurturing those relationships and building my network, I started to realize the many benefits of doing so.

    Here are nine reasons why it’s important to nurture your business relationships:

    Related: 4 Strategies for Building Deep Business Relationships

    1. Collaboration and networking

    Building relationships with fellow entrepreneurs allows you to collaborate on projects, share ideas and leverage each other’s strengths. By connecting with other like-minded individuals, you can tap into a network of potential partners, mentors, advisors and customers. These relationships can lead to collaborations that enhance your business, open new opportunities and accelerate growth.

    2. Learning and knowledge sharing

    Interacting with other entrepreneurs provides valuable opportunities for learning and knowledge sharing. You can exchange experiences, insights and lessons learned, which can help you navigate challenges and avoid common pitfalls. By staying connected with the entrepreneurial community, you can stay updated on industry trends, emerging technologies and best practices. This continuous learning can help you stay competitive and adapt to changing market dynamics.

    3. Support and inspiration

    Entrepreneurship can be a demanding and sometimes isolating journey. Building relationships with other entrepreneurs allows you to find a support system for individuals who understand the challenges you face. They can offer advice, encouragement and emotional support during difficult times. Additionally, surrounding yourself with successful and motivated entrepreneurs can inspire you to aim higher, set ambitious goals and push your boundaries.

    4. Access to resources and opportunities

    Developing relationships with other entrepreneurs can grant you access to valuable resources and opportunities. These connections may provide introductions to potential investors, strategic partners or suppliers. Additionally, by building trust and rapport with other entrepreneurs, you may gain access to industry events, conferences and communities that can expand your network further. Opportunities for joint ventures, co-marketing campaigns or shared resources can arise from these relationships.

    Related: 5 Easy Ways to Build More Business Relationships as an Entrepreneur

    5. Mentorship and guidance

    Connecting with seasoned entrepreneurs who have achieved success in your industry can offer invaluable mentorship and guidance. They can provide advice based on their experiences, help you navigate complex decisions and provide insights into growth strategies. Having a mentor within your entrepreneurial network can accelerate your learning curve and increase your chances of success.

    6. Collaboration on industry challenges

    Many industry challenges require collective efforts to address effectively. By nurturing relationships with other entrepreneurs, you can collaborate on finding solutions to common industry problems. This collaborative approach can lead to innovation, industry-wide improvements and a positive impact on the overall ecosystem.

    7. Personal growth

    Networking and collaborating with other entrepreneurs can lead to personal growth. Engaging in discussions, workshops or events with other entrepreneurs can broaden your horizons, challenge your assumptions and help you develop new skills.

    8. Community impact

    As you nurture relationships with other entrepreneurs, you also become part of a broader community. By contributing to this community, you can have a positive impact on others, fostering a sense of fulfillment and purpose beyond financial success.

    9. Peer accountability

    Engaging with other entrepreneurs creates a sense of peer accountability. When you have relationships with other business owners, you become part of a community where you can set goals, share progress and hold each other accountable. This accountability fosters personal and professional growth and encourages continuous learning.

    Related: Why Networking Is a Must for Successful Entrepreneurs

    In summary, nurturing relationships with other entrepreneurs is vital for collaboration, networking, learning, support, access to resources, mentorship and tackling industry challenges. These relationships can fuel personal and professional growth, enhance your business and contribute to your long-term success as an entrepreneur.

    Remember, nurturing business relationships is an ongoing process that requires genuine care, effective communication and a commitment to adding value to others.

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    Athalia Monae

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  • How to Communicate More Authentically and Effectively | Entrepreneur

    How to Communicate More Authentically and Effectively | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    I want to tell you about an incredibly useful communication framework, one I’ve used with nearly every client I’ve ever had. It’s called Unarguable and Unmistakable, and it’s nothing more than a simple script for being authentic, direct and effective when communicating with others. Yes, there are a lot of similar frameworks out there, but I like Unarguable and Unmistakable because it’s just so easy! It’s as simple as making an unarguable statement followed by an unmistakable request.

    Unarguable

    So, what does “unarguable” mean? Firstly, “arguable” statements are any statements we can argue. It sounds simple, but this includes things that we often think are unarguable, like facts, data and history. Saying, “The sky is blue” might sound like a fact, but it’s entirely arguable. I could tell you that the sky is dark where I am, or that I’m colorblind or that, “It’s not blue, it’s aquamarine!” Unarguable statements, on the other hand, are things that are 100% in our domain and control.

    There are only three things that are unarguable: our own sensations, our own emotions and our own thoughts. “I have a pain in my shoulder” is unarguable — it’s my shoulder. “I feel sad” is unarguable — it’s my emotion. And “I believe the sky is blue” is actually unarguable, too, because I’m framing it as my thought or belief, which is 100% my own. Statements that are unarguable are powerful not because they’re difficult to argue with, but because they’re radically authentic and show others exactly where we’re coming from.

    When we make unarguable statements, we’re not hiding behind the facts and data or asking questions to indirectly communicate intent. Instead of saying “This plan isn’t right” or asking “Why did you come up with that plan?” we can unarguably express “I feel worried about this plan.” It sounds simple (because it is), but the difference is huge. Imagine being on the receiving end of those different statements, and notice how you feel and how you would react differently.

    Related: Authentic Leadership: What Is It and Why is it Important?

    Unmistakable

    The second step, especially if you’re in a position of leadership or making an appeal to someone, is to follow up your unarguable statement with an unmistakable request. What makes a request unmistakable? It has to be three things: simple, genuine and yes or no. Simple means that there isn’t more than one question inside the question. Genuine means that it’s not a statement masquerading as a question, such as “Why did you come up with this plan?” really meaning, “This plan sounds dumb, defend yourself!” And yes or no just means that it’s a clear opt-in or -out request. Unmistakable requests could be: “Can I share my perspective?” or “Are you available for some feedback?”

    The beauty of requests made in this way isn’t just in their simplicity, but also in the fact that people have a chance to say no, in which case, there’s clarity. Or they can say yes, in which case, they’ve opted into being a part of the discussion. They’re now with you and listening in a way that wasn’t available to them when the discussion was one-sided.

    Marrying the above examples of unarguable statements with unmistakable requests could look like, “I feel worried about this plan; would you please walk me through your thinking?” Notice how different that feels. Now the person on the other end knows precisely where you’re coming from and can opt into being a part of the discussion going forward. It’s not malicious or indirect, and to me, it feels much more collaborative and authentic.

    If this all makes sense to you, try to become an anthropologist in the specialty of unarguable statements. Notice and note down when others use statements that are arguable or unarguable, getting curious about how each affects a conversation. Notice and note down when you use those statements, too. Then, take that into daily practice to both use the unarguable statements and couple them with clear, direct unmistakable requests.

    Related: Effective Communication Means Business Success

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    Jason R. Waller

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  • She Ditched Corporate Life and Bet on Herself. Did It Pay? | Entrepreneur

    She Ditched Corporate Life and Bet on Herself. Did It Pay? | Entrepreneur

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    On this episode of “Entrepreneur Elevator Pitch,” find out if a new food company has investors digging in or saying no thanks.

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    Entrepreneur Staff

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  • How to Build an Inclusive Culture That Permeates the Entire Organization | Entrepreneur

    How to Build an Inclusive Culture That Permeates the Entire Organization | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    I recently discussed how lack of inclusivity can create a toxic culture. However, research suggests that only 36% of companies are actively working to build an inclusive culture.

    Considering this prioritization lag, I’d like to discuss why the fundamental characteristics of an inclusive organization are important and must be implemented at both leadership and managerial levels.

    What does an inclusive culture look like?

    From the individual perspective, it isn’t difficult to envision an inclusive culture. If I were to ask, “Would you like to work at an organization where you’re recognized not just for accomplishing the work you were hired to do, but for the way you carry it out and the value you bring?” what would you say? I have yet to encounter someone who, when asked that question, says, “I prefer an environment that’s indifferent to the unique things I bring to the organization.” For individuals, an inclusive workplace involves feeling recognized beyond our tasks. We all want that kind of workplace.

    It’s also not difficult to envision a non-inclusive culture. I often ask staff and leaders, what would be the effect for you, personally, if the things you like to be recognized and appreciated for were not valued or recognized by your leader? In working with thousands of individuals, the typical response I hear is that they would feel deflated, demotivated, frustrated, disheartened, disillusioned and disengaged.

    And it’s no wonder. Individuals who work for managers/leaders who are not committed to inclusion report being far less likely to feel a sense of belonging — research shows they are twice as likely to feel excluded at work and three times more likely to want to quit. Teams plagued with inclusion-rooted challenges often suffer from siloed communication and lack of trust. This bridges into a lack of openness, which may devolve into its extreme form: information hoarding, unhealthy competition and negative work environments.

    Related: How to Create a More Inclusive Workplace

    The critical role of leadership in an inclusive culture

    Leaders are central to an inclusive culture. Research shows that the relationship between leaders and employees can impact employee sentiment and well-being. Additionally, strong relationships between leaders and employees can promote a sense of inclusion where different perspectives, experiences and personality types can thrive.

    In my consulting, I’ve found that leaders generally want to create inclusive environments and grow in their ability to lead inclusively. When I walk them through the business benefits of inclusion — how it moves the needle on things every leader wants — they’re even more convinced. But even when they fully appreciate its value, they encounter so many barriers that there’s often a chasm between their desire and their ability to operationalize inclusion within their organizations. At that point, they’re saying, “Help me make this happen.”

    Top-down vs. bottom-up inclusion

    If the C-suite is committed to inclusion, it may be tempting to say “OK, we’re good.” However, there’s an organizational perspective on inclusion, which is typically addressed by the C-suite, and then there’s the operational piece that lives or dies at the managerial level.

    Most employees’ ability to feel included doesn’t come from a mission statement or the C-suite’s verbalized commitment to inclusivity. It comes from the relationship with their direct manager, who, according to MIT Sloan, plays a key role in either reinforcing or undermining the culture promoted by leadership.

    Indeed, the people managers to whom most employees report are key to operationalizing any C-Suite initiative to create an inclusive culture. The challenge is that while frontline people managers influence 80% of a company’s workforce, they often receive just 20-30% of the organization’s training. This imbalance in leader development means we often see notable investments in C-Suite and top leadership, but a disproportionately lower investment in those frontline leaders, who, according to research, can make or break the organization’s commitments.

    Ample research shows that we want our direct manager to recognize our unique strengths and motivators. Even when the C-suite commits to inclusion, if it doesn’t make its way down to the everyday employee experience, via management, an inclusive culture can’t emerge. How can both leaders and managers take concrete steps to develop a culture of inclusion that permeates the entire organization?

    Related: We Need Inclusive Leaders Right Now More Than Ever

    Creating an environment of psychological safety

    One critical step leaders and managers can take is developing a culture of psychological safety, where everyone feels they can offer ideas that deviate from the status quo or majority opinion. They can do it without fearing it’ll turn into a strike against them and with confidence their idea will be heard and considered with fairness, even if it ultimately does not prevail.

    It’s not enough for only some to feel psychologically safe. To truly harness a team’s diversity of thought, all members must have a sense of this safety and confidence that their colleagues and manager will invite their voices into the conversation whenever possible. When this sense is absent for anyone on the team, I see other effects, including siloed meetings, people being left out of important meetings, decisions being made in smaller huddles versus in team meetings, etc. When these effects prevail, the team is not realizing the benefits of its diversity.

    Conversely, teams that harness the diversity of the thoughts and backgrounds of their members can wrestle more effectively with big challenges. I find these teams often create such compelling cultures and work environments that they retain their employees longer and see greater levels of both employee satisfaction and employee engagement.

    These teams welcome the healthy conflict that comes from divergent points of view because they’re founded on a sense of trust and respect. Consequently, they reap the benefits of enhanced collaboration and smarter decisions.

    The rise of company culture as a differentiator

    As company culture has hit an all-time high in terms of emphasis from employees, we’ve seen tremendous movement in the workforce. People are weighing culture more heavily in job searches than even salary. Considering that inclusive company culture drives countless critical factors in a successful business, such as employee engagement, innovation and employee retention, companies must ask, “Can we afford to not focus on inclusion?”

    By implementing a strategy that promotes inclusion at both the leadership and managerial levels, companies can build a compelling work culture in which employees feel heard and recognized not only for the tasks they complete but also for their contributions, talents, abilities and approaches to work.

    Related: How Does Inclusive Culture Boost Company Performance?

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    Rachel Cubas-Wilkinson

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  • What to Know Before Partnering With a Software Solutions Provider | Entrepreneur

    What to Know Before Partnering With a Software Solutions Provider | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    A timeless quote from a well-known literary work captures the essence of how businesses strive to navigate through uncertain times. It says:

    “… we must run as fast as we can, just to stay in place. And if you wish to go anywhere, you must run twice as fast as that.”

    While companies reduce IT departments and seek ways to improve budget allocation, the work scope is decreasing along with the need for expertise in software engineering. This has made partnerships with external software development companies so popular these days as it helps to fill in such gaps. These numbers speak for themselves:

    In this article, I’m sharing three of the most effective approaches to partnering with software solutions providers and explaining the cases where each of them works the best for ROI optimization.

    Related: 5 Things to Consider When You’re Hiring A Software Outsourcing Partner

    Dedicated development team

    A dedicated development team works on a long-term basis intending to include all client’s requirements in software solutions and align them with the company’s strategic objectives. It consists of experts needed to create a project from scratch. In this case, the client transfers responsibility for administrative, HR, tax and social benefits matters to its tech partner.

    Let’s imagine you plan to upgrade IT infrastructure in the company. Your goal is to make it smooth and minimize any problems or disruptions that might occur. It’ll take time to find a talented IT Infrastructure architect, and there is no guarantee that the person found is right for the project. On the other hand, partnering with a dedicated development team with such expertise will ensure faster change implementation.

    To develop the Experimentation Platform and help drivers make wise parking and traffic-related decisions, Ford involved experts from IBM. Leveraging IBM Analytics delivered through the IBM Cloud, this partnership facilitated the continuous flow of data. As a result, Ford introduced a groundbreaking tech solution that also finds application in other companies’ projects.

    The areas in which partnering with a dedicated development team brings the most business outcomes are:

    Team augmentation

    When a business chooses to collaborate with a software development company on the team augmentation model, this means enhancing the existing group of engineers with new professionals. The terms of this cooperative agreement specify that the involved professionals are required to allocate their efforts to specific tasks, and compensation is based on the number of hours worked.

    Here’s how team augmentation works within the company: Suppose a growing ecommerce business wants to develop a mobile application with a specific 3D functionality. The in-house team is already working on this project, but they lack experience in creating some 3D features. Rather than waiting for the team to acquire these skills, the company finds a software engineer from a third-party vendor.

    Cases when the tech team augmentation for businesses works the best:

    Related: 4 Mistakes Not to Make When Choosing A Software Development Company

    Managed services

    Managed services is the practice of transferring responsibility for specific functions within the software development department to third-party service providers. Namely, they monitor, maintain and optimize the systems, acting as a trusted advisor.

    Imagine you plan to create or restore data backup. This requires a group of cybersecurity specialists and back-end engineers who will regularly maintain the company’s digital file storage and look for solutions to facilitate search and collaboration. By partnering with a managed services provider and getting access to experts, businesses minimize the risks of file damage, loss or unauthorized access.

    Managed services is a great option when a business needs services like:

    • Hosting/cloud operations

    • Infrastructure support

    • Cybersecurity services

    In the face of skill shortages and budget constraints, partnering with external software solution providers is a workable way for businesses. Although dedicated development team, team augmentation and managed services offer companies exclusive expertise and economically justified conditions of cooperation, they fit different business goals.

    The outlined specifics and differences between these partnership models will help you to choose the right approach to address skills gaps and optimize the whole operations’ efficiency.

    Related: Why Outsourcing Software Development Services Is Gaining Traction With Non-Technical Leaders

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    Slava Podmurnyi

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  • Why Creating a Feedback Culture is Vital to Business Survival | Entrepreneur

    Why Creating a Feedback Culture is Vital to Business Survival | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    A startup is among the most exciting workplaces in today’s business landscape. It suits problem solvers, people who love the challenge of figuring out how to get a promising idea off the ground. For others, what attracts them to a startup is the chance to be part of a company early on and see it through its growth stages.

    But since startup environments can be unpredictable, working at one requires grit, flexibility, and openness to feedback. The last is particularly important because it directly contributes to team members’ improvement. Feedback helps people understand why their actions bring certain outcomes. It also creates a team with a growth mindset.

    Welcoming feedback is also crucial for helping the company grow. Startups must be agile and adaptable. They must innovate rapidly to suit changing customer needs while staying ahead of others in the field. Without feedback, companies grow directionless and people stagnate.

    Related: How to Create a Culture of Feedback

    How positive feedback benefits employees

    It’s simple but often overlooked: a little positive feedback goes a long way. Acknowledging when employees work hard or deliver exceptional work will help them feel valued, and their efforts are seen. Positive feedback also creates stronger relationships—after all, who doesn’t like people who appreciate them?

    Why constructive criticism is necessary, but tricky

    While anyone would like it when their managers notice the good things they do, few people stay cheerful when others notice their shortcomings. Yet constructive feedback is an essential part of giving feedback. It can be difficult to deliver this type of criticism, though! To do this effectively, the first step is to focus on the behavior, not the person. The feedback a person receives should help them

    Constructive criticism is essential for growth but can be difficult to deliver effectively. It is important to focus on the behavior rather than the person. The manager should show–through words and actions–that they are giving this feedback to be supportive. The message should contain specific, actionable steps the recipient can take.

    Related: Open vs. Anonymous Employee Feedback — Which is Better?

    Why give feedback, anyway?

    I understand if managers or business owners might be reluctant to dedicate time to feedback. Especially in a startup, where there are endless things to do at any given moment. But letting your team know how they’re doing leads to better performance. When employees receive feedback, they better understand what you expect from them. So they can align their work with your requirements and the company’s broader goals.

    Employees who receive high-quality feedback also gain a sense of ownership over their work. They can better identify improvements in their processes, which helps them identify obstacles before they become too big to handle.

    For example, suppose you have a teammate who struggles with time management. Instead of telling them, “Just work faster,” which is vague and offers no actionable information, you could give specifics on how they can stay on-task. For starters, you could review their list of things to do and help them prioritize these by urgency. When you teach someone how to course-correct once, they won’t need repeated reminders in the future.

    And this goes for peers, too. Feedback among team members of the same rank will help them build stronger relationships. Having a team that can let each other know areas of improvement without anyone feeling slighted is a special thing. These open lines of communication also allow people to address misunderstandings before they escalate.

    Challenges of giving feedback in startups

    There are many pros, but there are also challenges in giving feedback in a startup. For one, the pace at this type of company can be very fast. So, there could only be a small window of opportunity to give feedback about a crucial process before it becomes moot. This situation leads to missed opportunities for improvement.

    Of course, you also risk losing valued employees when you give them feedback. Managers might be hesitant to provide honest thoughts on an employee’s performance–they might be afraid of alienating their teammates.

    Related: How Entrepreneurs Can Use Effective Feedback to Stay Resilient and Agile

    How to deliver feedback

    Given all these realities, the first thing to do is establish a feedback culture early. When people are used to opening up about work processes, managers need not worry about anyone getting hurt or missing the chance to say what they think. If you’ve established a different culture within your organization, turning it around is possible–it’ll take a while, but it can be done.

    Managers must also frame feedback so it considers a person’s long-term growth. It’s the difference between editing a junior software developer’s code yourself and letting them know what needs to be changed. A manager who corrects the code might say that only the work matters. In contrast, one who corrects others’ behavior shows that they care about their teammates, which builds trust and engagement.

    How feedback contributes to startup success

    Many successful startups have embraced the importance of feedback in their culture and have used it to achieve growth and success.

    For instance, Slack, one of the most popular communication and collaboration platforms, encourages users to provide feedback to make decisions about future development. Another company that leverages feedback is Dropbox. Their “Smart Sync” feature, which lets users access files through the cloud, came from user feedback.

    At Wing Assistant, we implemented a variety of mechanisms to solicit user feedback. Examples include NPS polls in our software product, email surveys (we are leveraging Voiceform to allow customers to speak their feedback freely), and one-on-one calls with customers conducted by our Client Success Managers. We also ask for feedback whenever customers leave us to monitor which areas need improvement constantly.

    Feedback and its role in business growth

    Letting your teammates know what works and what doesn’t is crucial for their personal and professional growth. In the fast-paced, competitive world of startups, feedback is all the more valuable. But feedback isn’t just for growing companies. By embracing and using it to drive innovation, companies of all sizes can reach their goals much faster.

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    Roland Polzin

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  • How Micromanaging Your Creative Team Leads to Mediocrity | Entrepreneur

    How Micromanaging Your Creative Team Leads to Mediocrity | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    It can be hard to let go of control and let others take the reins. I get it.

    As a graphic designer turned creative agency founder, I struggled with this myself in the earliest days of my company. I had started my career doing the same work I needed to eventually hand off to my team, so I could expand my focus. And it was hard. But I did it. I had to.

    Now, for different but equally important reasons, I often tell our branding clients the same thing: You’ve got to let go.

    Related: Why You Need to Stop Micromanaging Your Team and Learn to Let Go

    The importance of letting go

    When hiring a creative team for your branding and design, giving space to let others move is about more than just freeing your time for other areas of the business. It’s also about quality: If you apply too much control without having a strategically sound design background, the reality is you risk getting bland design. The more you try to direct the creative process, the more you risk losing all benefit of calling in expert, talented creatives in the first place. And you hired them for a reason.

    Ideally, you hired a team with stellar experience, creative vision and style. Even better, you hired a team that also understands strategy. When you work with professionals like this — who possess vision, futuristic thinking and impressive design talent — it’s just a matter of setting the necessary parameters and then giving them space to play and innovate. The best campaigns are usually the result of creatives taking risks. So let them!

    As a founder, you bring your own irreplaceable skill set to what you do, but unless you also have a creative background, your team probably has a different mode of genius. You don’t want to suffocate their creative process before it has a chance to really wow you.

    Would you hire Andy Warhol and tell him that Campbell’s soup can would really be more striking in pastels? Would you bring in Monet and insist on choosing each individual flower he paints in a field?

    I hope not.

    While your business has specific needs, the truth remains that creatives need space to shine their brightest. Your input is essential, of course, and when all is said and done, you need to absolutely love the end result. But as the process unfolds, remember that your aim is to be a constructive collaborator — not a controller — and to trust the process. That means working with the team so they know what objectives you need accomplished and then letting them do what they’re great at.

    This process comes down to a foundation of trust and hiring a team you can believe in.

    Related: True Leadership Requires Letting Go of Control

    Easier said than done? Here are a few tips to help you get there:

    • Hire a team with incredible vision, style, experience and strategic thinking that aligns with your objectives. When interviewing, ask thoughtful questions upfront about what means most to you, and look at their portfolio of work. But do not hire an agency because you want exactly what they did for another client. A good agency will steer you on a path that is unique to you and your objectives, not an echo of another look-alike brand.

    • Once you’ve hired a great team and let them know your needs and essential parameters, it’s time to give appropriate space. Set a firm intention to not overtly control the design, unless this is your background and a clearly communicated part of the process you’ll go through together — yet, then I beg the question of why you hired an outside team in the first place if only just to push them around. The best results happen when you communicate clearly at the outset, then sit back, trust the process, and try to see the proverbial forest through the trees.

    • When it is time to offer your opinion, do not design by jury or constantly ask outsiders not involved in the project for their opinions. This will only confuse things. An abundance of opinions often keeps you from really forming your own.

    • Lastly, if something isn’t working, don’t just keep ruminating on it quietly for fear of hurting feelings. Communication is a two-way street, and both sides need to be in lockstep. Share with the team what works for you and what doesn’t, then step aside again. Remember that even if you don’t love the first ideas you see, it’s still important to not lose trust and take control. The best creative processes are often messy and iterative. After you offer your feedback, let your creative team recalibrate and reach for something great that’s more aligned.

    It can be hard to let go, but it’s so important. If you find yourself struggling to give enough space to your creative team, just remind yourself: With too tight of a grip, your creative work will be mediocre at best. I can guarantee it.

    If you let go even just a little, the outcome will be 120% better than you envisioned. Lean into trust, and expect great things to follow.

    Related: What Is Laissez-Faire Leadership? What Are Its Benefits and Drawbacks?

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    Taja Dockendorf

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  • Why Effective Communication is Crucial to Startup Success | Entrepreneur

    Why Effective Communication is Crucial to Startup Success | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In startups’ fast-paced and ever-changing landscape, achieving success goes beyond merely offering a groundbreaking product or service. While innovation undoubtedly plays a significant role, there is another critical factor that often goes unnoticed but holds immense power: communication.

    Effective communication is crucial and can be the determining factor in the trajectory of a startup. In this article, we will delve deep into the subject and explore why communication is paramount in the startup ecosystem.

    Related: How to Build Sustainable Communications as a Startup

    Introduction to communication in startups

    To truly grasp the significance of communication in startups, it is essential to first establish what we mean by the term in this context. In the dynamic environment of a startup, communication extends far beyond the mere exchange of words. It encompasses transmitting information, ideas, goals and feedback, both within the team and to the outside world, including investors and customers.

    The role of communication in a startup

    Communication assumes many roles within a startup, each contributing to its overall success. At its core, effective communication sets the tone for the company’s culture, fostering an environment of transparency, trust and collaboration. It serves as the lifeblood that enables efficient problem-solving and facilitates sustainable growth. Moreover, when communication flows seamlessly, it enhances teamwork and ensures that the entire startup operates as a cohesive unit.

    Effective communication is the glue that holds the team together. Promoting a shared understanding and aligning everyone towards a common goal, exponentially enhances teamwork and collaborative efforts. A startup operating with a strong foundation of clear and effective communication becomes more productive, efficient and capable of weathering its inevitable challenges. Furthermore, when a startup can clearly articulate its vision, values and goals to investors and clients, it builds trust and credibility, fostering stronger relationships and solidifying its position in the market.

    The implications of poor communication

    Despite the undeniable importance of communication, it is often neglected or undermined in the context of startups. The consequences of poor communication can be far-reaching, with detrimental effects on team collaboration and customer relations.

    When communication within a startup falters, misunderstandings can arise, leading to confusion, frustration and a decline in morale among team members. The resulting breakdown in collaboration and cohesion can significantly hamper productivity and create a hostile work environment. Ultimately, this impedes progress and stifles the creativity and innovation that are essential for a startup’s survival and growth.

    Effect on customer relations

    Inconsistent or unclear communication hampers internal operations and directly impacts a startup’s relationship with its customers. In today’s business landscape, customers appreciate and value transparency, honesty and effective communication from the companies they engage with. Failing to deliver on these fronts can erode customer trust and tarnish the startup’s reputation, potentially leading to a loss of business and hindering future growth prospects.

    Related: Why Some Startups Succeed (and Why Most Fail)

    The pillars of effective communication

    Recognizing the pivotal role of communication is one thing; mastering it is another. Certain pillars must be embraced and nurtured to establish a culture of effective communication within a startup ecosystem.

    • Clarity and consistency — Clear and consistent communication is the foundation for successful startups. By ensuring that information is conveyed unambiguously, goals are well-defined, tasks are assigned with precision and feedback is provided constructively, clarity and consistency reduce the likelihood of misunderstandings or errors. This facilitates smoother operations and enhances productivity, enabling the startup to thrive in the face of challenges.
    • Active listening —Communication is not one-way; it demands active listening. By actively engaging in conversations, understanding the perspectives of others, responding thoughtfully and retaining key information, startups foster an environment conducive to collaboration and innovation. Active listening ensures that the voices of all team members are heard, enabling the emergence of diverse and creative solutions to problems.
    • Implementing good communication strategies — Creating a culture of effective communication within a startup requires intentional effort and a commitment to continuous improvement. It involves fostering open lines of communication, embracing feedback and promoting a learning and growth mindset.
    • Open and regular communication — Promoting open and regular communication is fundamental to creating a transparent work culture. By encouraging dialogue, sharing insights and soliciting input from all team members, startups foster an environment where ideas can be freely exchanged, challenges can be addressed collectively and solutions can be developed collaboratively. Regular team meetings, one-on-one discussions and open-door policies can all contribute to building a communication-rich ecosystem within the startup.

    In conclusion, communication is the lifeblood that fuels the success of startups. It determines how much a startup can harness its resources, adapt to challenges and build strong stakeholder relationships. By recognizing the critical role of effective business communication, startups can confidently navigate the complexities of the business landscape, ensuring their survival, growth and lasting impact.

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    Sven Patzer

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  • 10 Simple Ways to Build a Collaborative and Efficient Team at Work | Entrepreneur

    10 Simple Ways to Build a Collaborative and Efficient Team at Work | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In today’s rapidly evolving business landscape, the importance of building an exceptional work team cannot be overstated. A high-performing team can drive innovation, increase productivity and ultimately improve business outcomes.

    As someone who’s both built great teams and failed at doing so, I understand teamwork’s critical role in achieving success. In this article, we’ll explore solid factors that contribute to building an exceptional work team and provide actionable steps to help you create a winning formula for your organization.

    1. Establish a clear vision and purpose

    The foundation of any successful team is a clear and compelling vision. This vision should define the team’s purpose and inspire and motivate its members. To create a strong vision, consider the following:

    • Align the team’s goals with the organization’s mission and strategy.
    • Ensure that every team member understands their role in achieving the vision.
    • Communicate the vision regularly and consistently to maintain focus and motivation.

    2. Recruit the right talent

    An exceptional team consists of diverse individuals who bring unique skills, experiences and perspectives to the table. When recruiting team members, focus on the following:

    • Look for candidates with complementary skill sets that will enhance the team’s overall capabilities.
    • Consider cultural fit and how well a candidate’s values align with the organization’s.
    • Don’t be afraid to hire people who may challenge the status quo, as they can often drive innovation and improvement.

    Related: Diversity in the Workplace: Benefits and Why You Need It

    3. Cultivate a culture of trust and mutual respect

    Trust and mutual respect are essential elements of a high-performing team. To foster these qualities, consider the following:

    • Encourage open and honest communication among team members.
    • Create an environment where mistakes are seen as learning opportunities rather than failures.
    • Recognize and celebrate the achievements of individual team members and the team as a whole.
    • Address conflicts and disagreements promptly and constructively.

    4. Emphasize effective communication

    Clear and open communication is vital for any team to function at its best. To promote effective communication, consider the following:

    • Provide regular opportunities for team members to share updates, concerns, and ideas.
    • Implement tools and processes that facilitate efficient communication, such as project management software or team messaging platforms.
    • Encourage active listening and ensure every team member feels heard and understood.
    • Foster a culture of feedback, both positive and constructive, to help team members grow and improve.

    5. Encourage collaboration and teamwork

    Exceptional teams excel at working together to achieve their goals. To encourage collaboration and teamwork, consider the following:

    • Assign tasks and projects that require cross-functional collaboration, allowing team members to learn from one another and build stronger working relationships.
    • Create opportunities for team members to socialize and bond outside of work, such as team-building events or informal gatherings.
    • Recognize and reward collaboration and teamwork in performance evaluations and promotions.

    Related: Six Tactics To Improve Collaboration For Remote Teams

    6. Provide opportunities for growth and development

    To maintain a high-performing team, investing in your team members’ professional growth and development is essential. Consider the following:

    • Offer training and development programs that align with the team’s and the organization’s needs.
    • Encourage team members to pursue new skills and knowledge through conferences, workshops, and online courses, provide regular performance feedback and create individual development plans to help team members reach their full potential.

    7. Set clear expectations and hold team members accountable

    A high-performing team requires clear expectations and accountability. You can do this by clearly defining each team member’s roles and responsibilities and establishing measurable goals and objectives for the team to work towards.

    Related: Set Yourself Up for Success By Setting Expectations

    8. Foster a culture of innovation and continuous improvement

    Exceptional teams are always looking for ways to improve and innovate. To foster this mindset, consider the following:

    • Encourage team members to experiment with new ideas and approaches.
    • Provide resources and support for team members to pursue innovative projects or initiatives.
    • Recognize and celebrate successes, as well as learn from failures.

    9. Be adaptable and resilient

    Adaptability and resilience are crucial for any team in today’s fast-paced business environment. To develop these qualities, consider the following:

    • Encourage team members to embrace change and view it as an opportunity for growth.
    • Develop contingency plans to help the team navigate unexpected challenges or setbacks.
    • Foster a culture of optimism and positivity, even in the face of adversity.

    Related: Resilience Is One of the Most Essential Entrepreneurial Traits. Practicing This Can Help You Build It.

    10. Lead by example

    As a leader, your actions and behaviors set the tone for your team. To create an exceptional work team, lead by example and embody the values and attributes you want to see in your team members.

    Building an exceptional work team takes care, emotional intelligence, and time. By focusing on these key factors and implementing the actionable steps outlined in this article, you can create a high-performing team that drives innovation, increases productivity and ultimately leads to better business outcomes — and better still, you’ll have amassed a group of genuine allies and collaborators.

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    Christopher Massimine

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