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 Leadership Simplified 101: Startups embody a nuance and mostly unexplored aspect of organizational performance. A promising business venture meets a typically young yet fervent workforce, resulting in the intersection of entrepreneurship and the demand for strong leadership.  So, how do effective startup CEOs tailor their leadership methodology to optimize company performance? #1. Embrace strategic failure The most experienced startup leaders understand that failure is inevitable. And rather than avoiding that failure, they willingly confront it on their terms because no one learns from success. Strategic failure can play a key role in one of the most important aspects of maintaining a startup. Insights reports that one of the primary causes (38% of cases) of failure in venture businesses is a lack of funding. Investors may exit for a myriad of reasons. But ultimately, it comes down to faith in leadership, making it vital for inexperienced founders to test their pitches in the fiel

Startups 101 Tips: Passive income is defined as money generated through businesses that are created and operated in ways that allow them to essentially run themselves. Many entrepreneurs are seeking new sustainable ways to increase cash flow , financial security and long-term savings through a multitude of ventures that require little active participation.  While there is a lot of appeal in making money virtually while you sleep, passive income isn't a means to get rich quick. It is a long term proposition that requires a great deal of upfront planning and efforts as well as updates and enhancements along the way. This articles outlines important steps for an entrepreneur to participate in a passive income stream. #1. Cultivate a network It's important to have intellectual resources around you. Picking the right passive income opportunity is not easy. If you have cultivated a network of entrepreneurs that you trust, you can discuss your options and get their intelligent feedba

 Making First Operations Hire. The right hire at the right time can help you up level your business and scale for massive growth down the road. As a startup founder, your first hire might well be in a non-operations area. But how do you know when you're ready to hire your first operations employee? #1. You're turning away work If you simply don't have enough time to take on new work, a new employee can make a big difference. When a client contacts you to ask you to join in on a new project or refers you to a lucrative business associate, you'll know it's time to hire help by the way you feel as you say, "I'm sorry, but I can't take on additional projects at this time." But one of the biggest challenges of hiring someone full-time is the uncertainty. Instead of committing to a full-time employee, consider bringing in a contractor for a specific project. If the relationship works out, you will then have the option of either extending that worker'

 Creating Brand Loyalty: You already know that relevant, personalized messaging can make or break your digital campaign. We live in an increasingly digital world and fostering human connections via digital platforms isn't always simple, but these connections are vitally important for businesses.  So how can your business humanize its customer experience and foster positive, long-lasting customer relationships? #1. Craft purpose-driven messaging Think about how your customer's priorities may have shifted this season and how your brand can meet their changing needs. Successful companies are re-evaluating how to stay relevant by crafting more purpose-driven messaging rather than creating purely transactional content. Your brand's communication strategy should be an extension of its DNA and amplify what your company believes. Consumers will stay to loyal to companies that demonstrate authentic empathy, and relationships will last longer when your customers feel invested in yo

 Learning Your Customers 101: As an entrepreneur, you work hard to attract customers to your location so the last thing you want is to drive them away when they're already inside your store. But whether or not you realize it, you or your team may be doing things that send clients packing.  Here is why some of your loyal customers may have drifted away... #1. Wait times Nearly 60% of any kind of caller finds being on hold to be a frustrating part of the service experience. I recently rang my phone carrier to inquire about my bill and the wait time was 10 minutes. In my frustration I hung up. On calling another business, while the wait wasn't quick, they stated they would call in 10 minutes if I provided a number. Someone actually valued my minutes! #2. Having a team that lacks the right attitude Lack of empathy in customer service and lack of communication skills. Team members avoiding customers and not making eye contact showing a lack of interest and being unengaged. Your tea

 Improving Employee Development. Every company has it's own set of priorities to help take it to the next level , and knowing which initiatives will make the greatest impact can be tough.  You're never going to have a better shot at engaging employees than on their very first day. Starting a new job is equal parts stressful and exciting. New hires are anxious to make a great first impression, and their new teammates are anxious for them to hit the ground running and become part of the team. However, we don't always stop to consider what's expected of employers in these early days. Making a good impression cuts both ways, and companies have to start laying the foundation for mutually rewarding relationship beginning on Day One of the employee journey. Here are 4 key ways to accomplish this hidden success of a company ! #1. Don't wing it As a small business owner, you're super busy, but integrating new people into your team is among the most sensitive, mission-cri

 Building Winning Startup Teams. Many successful entrepreneurs won't admit this secret. But I'll let you in on it. There is no such thing as a solo entrepreneur. Nobody who's ever scaled a business from the ground up did it alone. In fact, left to themselves, they wouldn't have a business. What are some of the key component of leading and coaching a stellar team? #1. Ensure everyone is on the same page For a crew team, everyone is in the same boat, rowing in the same direction, except for the signal caller, who is looking forward. That person is the guide. He or she sets the direction and course-corrects, if necessary. If only all companies worked like this! I've seen some companies where people acted like they were in their own boats, doing their own thing, thinking about separate ideas. I've also seen people working very hard, but they didn't have a plan or a clear idea of where they were going. Rowing the wrong way can be as much of a problem with leader