Month: May 2020

7 Methods to Maximize Your Decision-Making


7 min read

Opinions expressed by Entrepreneur contributors are their own.


People make thousands of decisions a day. Some are small and insignificant, others are big and potentially life-changing. Managers, business owners, and leaders make substantially more decisions than the average person and are regularly faced with making high-stakes decisions. As a result, it’s common for leaders to suffer from decision fatigue, to fall back on comfortable decision-making styles, or to defer making big decisions. 

Yet, being an effective decision-maker is one of the most important skills for leaders to have. Good decision-makers positively impact the trajectory of their business and earn the confidence and respect of their teams. , the well-known management consultant and business author, often talks about the importance of decision-making. He advises that, “making good decisions is a crucial skill at every level” and has observed that “wherever you see a

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Follow These 6 Steps to Bulletproof Your Digital Business Strategy


8 min read

Opinions expressed by Entrepreneur contributors are their own.


The current crisis has forced us to live in a world where we can’t go outside. Although this change is temporary, imagine if it weren’t — how would businesses survive? What technology could possibly be used to cater to such a world across industries?

As restaurants have proved during the stay-at-home orders, just about any can be brought online. In fact, I believe that by 2030 we could see entire businesses sustained through just mobile orders, whether they’re ,  or something else. It all depends on how smart the technology medium connecting businesses and consumers is. 

Related: Why You Should Bet On the Future of Ecommerce

A bonus of all this? By targeting both traditional in-person channels and , businesses that successfully adapt during and after the crisis can potentially

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5 Things Business Leaders Hate (And How to Deal With Them)


5 min read

Opinions expressed by Entrepreneur contributors are their own.


All leaders have certain tasks, situations, or responsibilities that they hate. While these dislikes vary from person to person, there are a few that seem to be universally disliked by . While you might not be able to avoid these tasks or responsibilities altogether, there are some things that can make them a little less painful. Here are five things business leaders hate and some tips for dealing with these issues. 

Not having control

Generally, business leaders have strong personalities, and they like to be in control. Given that natural inclination, there are few things that most leaders dislike more than not having control over something that impacts their business. Some examples of things like this are regulatory agencies, media coverage, and tax policies. 

Unfortunately, there will always be certain policies and occurences that

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When Negotiating Term Sheets, How Much Is Too Much?


5 min read

Opinions expressed by Entrepreneur contributors are their own.


It was pounding rain outside my bedroom when my co-founder bursted through the door in a panic. He didn’t wait for my reaction to explain his ever pressing fear. 

“One of our investor leads is on the phone and he’s about to walk away. He said we were too aggressive! How do we save this?

I responded immediately: “What did we do? We asked way too much on the valuation, right?”

“I bid him up on price too much and he is just threatening to walk away. He is not even picking up the phone. He just periodically texts me now. It’s very scary.”

“Give it some time,” I responded. “Then, let him get in touch with you on his schedule. Make him want to come to you.” 

Although my co-founder and I quickly closed this

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Why authentic informal leaders are key to an organization’s emotional health

Businesses and governments are mobilizing to fight COVID-19, and their top priorities have included stabilizing the workforce’s health, ensuring business continuity, securing liquidity, and maintaining supply chains. These are all efforts an organization relies on to ensure the effectiveness of its systems. But one important factor is often overlooked: the emotional health and effectiveness of the organization.

As New York governor Andrew Cuomo, who has emerged as a popular figure by virtue of his daily coronavirus press conference / therapy session, put it: “Call it psychological. Call it feelings. Call it emotions. But this is as much a social crisis as a health crisis.” People’s individual and collective feelings are the most powerful source of energy that exists in an organization — for good and bad. That’s why it is vital for organizations and governments to get in touch with and understand the fear, anxiety, and worry the virus is

Read more

Why authentic informal leaders are key to an organization’s emotional health

Businesses and governments are mobilizing to fight COVID-19, and their top priorities have included stabilizing the workforce’s health, ensuring business continuity, securing liquidity, and maintaining supply chains. These are all efforts an organization relies on to ensure the effectiveness of its systems. But one important factor is often overlooked: the emotional health and effectiveness of the organization.

As New York governor Andrew Cuomo, who has emerged as a popular figure by virtue of his daily coronavirus press conference / therapy session, put it: “Call it psychological. Call it feelings. Call it emotions. But this is as much a social crisis as a health crisis.” People’s individual and collective feelings are the most powerful source of energy that exists in an organization — for good and bad. That’s why it is vital for organizations and governments to get in touch with and understand the fear, anxiety, and worry the virus is

Read more