Below, eight members of Young Entrepreneur Council discuss how innovation and bold decision-making can help businesses stand out, while also listing a number of things entrepreneurs should do differently to achieve success.
Photos courtesy of the individual members.YEC members share lessons they wish they learned earlier in their careers.
1. Truly Connect With Customers
Business today is centered around connectivity and transparency. Consumers want to connect with the people behind the product and they want to know that the product is doing something good for the world. - Lisa Curtis, Kuli Kuli
2. Focus On Collaboration, Not Competition
Think about collaboration instead of competition. Although sometimes it may seem that we are alone against the world, there are people that you can connect with and find a mutually beneficial partnership that doesn't require any monetary expenses. Thinking about win-win situations for both parties is essential to create long-term relationships with clients, colleagues and industry leaders. - Alejandro Rioja, Flux Ventures
">The journey to success in today’s business world is often fraught with difficult challenges. Many entrepreneurs, therefore, prefer to play it safe and follow in their predecessors’ footsteps when it comes to developing their business. But avoiding risks and bold decisions, and instead sticking to the same tried and tested formula is unlikely to help your organization achieve fame, recognition and success.
In a world with virtually infinite choices and fierce competition, innovation and courage are key when it comes to growing a business. According to PwC’s innovation benchmark report surveying 1,200 executives in 44 countries, roughly 72% of business owners feel they are not doing things differently enough so as to out-innovate their competitors, while 54% have trouble aligning their innovation and business strategies.
Below, eight members of Young Entrepreneur Council discuss how innovation and bold decision-making can help businesses stand out, while also listing a number of things entrepreneurs should do differently to achieve success.
Photos courtesy of the individual members.YEC members share lessons they wish they learned earlier in their careers.
1. Truly Connect With Customers
Business today is centered around connectivity and transparency. Consumers want to connect with the people behind the product and they want to know that the product is doing something good for the world. - Lisa Curtis, Kuli Kuli
2. Focus On Collaboration, Not Competition
Think about collaboration instead of competition. Although sometimes it may seem that we are alone against the world, there are people that you can connect with and find a mutually beneficial partnership that doesn't require any monetary expenses. Thinking about win-win situations for both parties is essential to create long-term relationships with clients, colleagues and industry leaders. - Alejandro Rioja, Flux Ventures
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