funding
Planning to show your friends your business idea? Keep these tips in mind.

7 Things to Consider When Raising Money from Family or Friends

by Scott Gerber

It’s tempting to ask friends and family to invest in your work when first starting a company. Money is tight and they want to help. However, soliciting money from loved ones can be a risky venture. To help mitigate this risk, we asked seven entrepreneurs from Young Entrepreneur Council what rules one should always have in place before raising money from family... Read more »

managing
soldsign

13 Ways to Make Your Online Business an Attractive Purchase

by Scott Gerber

There’s a lot to think about when you’re looking to sell. From keeping your operations smooth to scouting potential buyers, getting ready to pass along your business takes a lot of work. However, this process is easier if your company is an attractive option for potential buyers. To find out how successful founders had managed... Read more »

managing
what metrics should you know

9 Metrics Every Entrepreneur Should Know about Their Business Offhand

by Scott Gerber

There’s no excuse for not knowing how much money you are taking in, or how many people have purchased your product. Yet you might be surprised how easily business owners are stumped by questions like these. That’s why we asked nine members from Young Entrepreneur Council (YEC) what metrics all founders should be aware of—always. Here’s what they had to say: 1. Cash on... Read more »

planning
Ways to poll your customers

5 Ways to Survey Your Customers Without Annoying Them

by Scott Gerber

Sure, you could email customers after every transaction to evaluate their experience. But that seems clunky and time consuming. In order to figure out the best ways to get the information you need without the hassle, we asked five entrepreneurs from Young Entrepreneur Council (YEC) what methods or tools they recommend for surveying customers. Here’s what they had to say:   1. Wufoo... Read more »

planning
New products into retail stores

12 Ways to Get Your New Product into a Major Retail Chain

by Scott Gerber

What is one tip you have for getting a brand-new product into major retail chains? Getting a new, untried product into the market is tough. Major retail chains may not want to gamble on something brand new. To learn how other entrepreneurs managed to get their shiny new products into major chains around the country,... Read more »

planning
An entrepreneur views information about Starbucks on his tablet while drinking coffee

Thinking About Buying a Franchise? Consider These Pros and Cons

by Scott Gerber

Like any other business, there’s a lot to consider when purchasing a franchise. Does starting your own business yield more long-term rewards, or is buying a franchise a better choice? To find out, we asked eight founders from Young Entrepreneur Council (YEC) their thoughts on the subject. Here are their answers are below. Q: I’m thinking about buying a franchise.... Read more »

planning

How Much Should You Pay Yourself?

by Scott Gerber

It’s your company—and you’re the one who has the most at risk, financially and otherwise, if it fails. But you’re also in the unique position of setting the tone for what will hopefully be a thriving business. The question is, how do you decide what your own salary should be? We asked 12 founders from the Young... Read more »

planning

10 Ideas for Winning Back Unhappy Customers

by Scott Gerber

What do you do when a customer threatens to leave your product or service? Some companies don’t respond at all, while others reply with an exit survey. But for early-stage companies, trying to win them back—and learn from their feedback—is often a better strategy. To learn what works best, we asked 10 founders the following: What is one... Read more »

managing
Choosing effective KPIs for your business

12 Tips for Choosing Effective KPIs

by Scott Gerber

With the ease of data collection in today’s technological landscape, it’s easy to get bogged down in performance metrics. But "more numbers" doesn’t always translate into a better understanding of what your company needs. Read more »

funding
Michael Seiman1

9 Creative Ways to Finance a New Product-Based Business

by Scott Gerber

When launching a new product, getting the right funding is key. But other than traditional sources, like loans, venture capital, and angel investments, how can you get the cash you need to grow? Some people would say, “Easy—crowdfunding.” But that’s just the tip of the creativity iceberg. We asked nine company founders the following question: What is one creative... Read more »

managing

13 Ways to Surprise and Delight Your Customers Today

by Scott Gerber

From handwritten notes to just-baked cookies, a simple gesture can go a long way toward shoring up customer loyalty in a competitive marketplace. Even just a quick phone call can do more to earn your customers’ long-term trust than any coupon or discount code—really. To find out which methods have been most effective for my... Read more »

starting

9 Unexpected Ways a Lawyer Can Help Your Startup

by Scott Gerber

We asked nine company founders what unexpected things they found themselves needing lawyers for in the early stages of their startups. Here's what they had to say. Read more »

managing

10 Unique Benefits to Offer New Hires

by Scott Gerber

Companies like Facebook and Google are known for the extraordinary benefits they offer employees. Although you may not have that kind of budget, you can get just as creative—for less. Read more »

managing

Dress Codes and Set Working Hours: Beneficial or Outdated?

by Scott Gerber

Flextime options and casual dress in the workplace are hallmarks of modern business—or are they? I asked ten new and successful entrepreneurs for their take. Read more »

managing

10 Tips From Successful Entrepreneurs on Achieving Your Company’s Long-Term Goals

by Scott Gerber

Having long-term vision is one of the keys to good leadership, and necessary for any successful business. With long-term visions come long-term projects—and the longer-term the project, the harder it is to manage your team's progress towards completing it. Read more »