At the Young Entrepreneurs Council (YEC), we’ve generated billions in revenue and created thousands of jobs—in other words, we know a thing or two about taking business to the next level! Although we come from every type of industry, a few key items remain the same. For starters, nurturing new collaboration opportunities can dramatically improve business.
Another tip is to avoid adding too many features just for the sake of doing so. There will come a time when you should focus just on a few core products. Simultaneously, you should be crafting a business story that makes an impact. This is how you create a brand and reputation. Keeping an eye on each product as it’s developed in order to identify where you should be focusing is a skill and an innate talent you can hone over the years.
Focus on your executive hires, following up on those references and matching candidates not just to the role but to your company. A fundraising round is one of the most exciting parts of business, but there are many mistakes to be made. Avoid the common ones others have made before. Finally, follow healthy avenues for boosting productivity.
