After retiring from the Canadian Armed Forces, Phil Guy opened Noble Miniatures, a hobby and gaming store tied to his own passions. Unlike being in the military, "there is no structure in this, except for whatever you put into it," Guy says.
Create a visual blueprint of how you want your email newsletter to look before employing a third party to design the HTML, custom-branded version, Chandra Blouin writes. Automate sending times for specific audiences, create an authentic brand voice that has an opinion on industry issues and avoid using newsletters as a sales pitch, she advises.
Staying patient, persevering when faced with setbacks and strengthening bonds with your team can help you become more effective as a leader, writes Matthew Gallagher. "If the people around you can't trust you, failure is highly likely -- even probable," he notes.
Alexa von Tobel dropped out of Harvard Business School at 24 to start LearnVest, later selling the company to Northwestern Mutual, and she learned how to handle criticism along the way. "When people give you really negative feedback -- and this is so hard to do -- lean into it and listen," she says.
Crowdfunding platforms can provide a valuable test audience for your product, according to entrepreneurs who have raised money through these channels. "If it doesn't work and [customers] don't identify with that, you get the feedback right there," said Bubba Albrecht, CEO and founder of Give'r.
Some entrepreneurs are able to build million-dollar businesses without employees. These entrepreneurs may rely on strategies such as outsourcing and automating tasks, developing passive income streams and maintaining a strong work ethic.
Technology can be helpful for sales departments, but it can also become a crutch that prevents sales representatives from actually engaging with potential buyers, writes David Brock. "Ultimately, complex buying and selling comes down to human to human interaction and how effectively we engage each other," Brock writes.
Effective leaders should focus on building the best culture, asking questions and then laying out the path to answering them, says Berlin School of Creative Leadership professor Paul Verdin. "It's a very different mindset, and it means we have to be comfortable from the top down, to live in uncertainty and to admit that 'we don't know,' "
The Labor Department has rescinded an Obama-era rule that would have forced employers to disclose information about the hiring of outside consultants with regard to union-organizing efforts. The so-called persuader rule was blocked by a federal district judge in November 2016.