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As companies begin to return to an office setting, many founders of remote-based businesses are wondering if they need to follow suit. Remote setups were vital to keeping businesses going during the worst days of the pandemic, but is it incumbent on leaders to get their employees back in person to get to a next stage of growth? Not necessarily so, says Terry Rice, a business development consultant and contributor at Entrepreneur. "Being remote brings all kinds of benefits, from recruiting talent to low overhead," he says. "The key is being open and honest with employees about good and bad news, and keeping people connected on a human level — just because there is no water cooler doesn't mean people shouldn't be talking about fun things like TV shows they're watching." In this video, Terry meets with Alyssa Monroe, who runs a digital-first marketing and communications firm for beauty and lifestyle brands and cre...

"If you are talking to everyone, you are talking to no one." So says Terry Rice, a business development consultant and contributor at Entrepreneur. In this week's episode of 5-Minute Mentor , Terry sits down with Noah Owsiany, a college student who has an idea for a business called Social Inc., which aims to connect people to local events based on their interests. Over the course of their conversation, Terry explains: How to speak directly to your target audience Why you should not be in a rush to scale your business How to identify missing components of your plan that are stopping you from reaching your goals The benefits of taking a "problem-first" approach to ideating When it is time to go from proof of concept to launched business All in five minutes! Watch the above video to hear Terry's tips and see how they can be applied to whatever project you're working on. Go get 'em! https://www.tausiinsi...

Opinions expressed by Entrepreneur contributors are their own. Today's business leaders have a lot on their plate. Their companies expect them to manage digital change, lead digital initiatives and motivate employees in both in-person and virtual environments. This presents enormous challenges that digital leaders need to overcome. Hence, developing digital leaders is a pressing issue for the future of all industries. To be sure, the payoff is huge. Prior research has shown that digital leadership skills can improve well-being , lead to greater corporate productivity and increase profitability . In contrast, lack of leadership is a top challenge for digital transformation. However, many companies still struggle with how to develop digital leadership skills. Many place technologists in leadership roles, while others assign complex digital programs to traditional leaders. Both approaches can be a recipe for disaster. Instead, digital leaders need a mix of dig...

Opinions expressed by Entrepreneur contributors are their own. Recruiting and retaining talented employees from various backgrounds is important for many reasons. Diverse teams are likely to outperform their competitors in profitability . As well, your organization can better cater to diverse consumer needs while enhancing workforce innovation. Unfortunately, many organizations today experience difficulties in filling up their talent pipeline with talents of diverse backgrounds. This means that they are not able to meet their representation objectives nor experience the benefits of having a diverse and inclusive workforce. If your organization is facing a pipeline problem when it comes to hiring more diverse talents, it is essential to take corrective steps to resolve this issue. This article will discuss five areas to help you troubleshoot what might be causing the pipeline problem, and strategies to mitigate this. Related: Unconventional Ways to Source Diverse...

Opinions expressed by Entrepreneur contributors are their own. We all experience difficult struggles in life. Every day, people have disagreements at home, projects go sideways at work and we encounter setbacks with goals. Over the years, I've noticed that how quickly we rebound from these trials and tribulations is directly correlated with the beliefs and values we have about ourselves and life, as well as how we speak to ourselves. Believing, saying and practicing the following five mantras is incredibly useful when attempting to recover from any challenge. Related: 5 Mantras of Successful Entrepreneurs You Can Use to Improve Your Life and Habits 1. I can do this. Things will work out. Whenever we're experiencing any kind of setback or failure, it's tempting to start to doubt ourselves more wholly. Our feelings can start to snowball and we can create a domino effect in our lives. We'll start by focusing on that one client we didn't sign or ...