Jacob Kupietzky

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Though an investment of time, effort and money do make entrepreneurship easier, leaders should still expect to encounter challenges. The entrepreneurial journey is full of highs and lows for every business leader. And even when a leader has considerable resources, there is no way to completely avoid encountering business challenges. While these hurdles can completely shake a business, they can also double as valuable learning experiences that help entrepreneurs grow and develop their skills as leaders. Below, 17 Newsweek Expert Forum members each share one specific business challenge they believe usually results in a great teaching experience and what lessons leaders can carry forward into the future.

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Committing to building a culture of unwavering customer centricity can effectively transform your business for the better. From Fortune 500 companies to startups, companies that prioritize customer centricity stand out in the market. They understand that customers are more than just revenue sources—they are the foundation of business survival and expansion. A customer-centric culture places the customer at the heart of every decision, fostering trust, loyalty and long-term relationships. But how can businesses truly embed this philosophy into their culture? Below, 20 Newsweek Expert Forum members explore the most effective strategies to cultivate a customer-centric culture within an organization and delve into the reasons why these approaches are vital for sustainable growth.

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So how can we lower the cost and increase the value of American healthcare?

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The sooner we can address the obstacles to telehealth and perfect its application, the better it will be for all of us.

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Let’s look at four main components of healthcare that have rapidly advanced through updates in technology.

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Although there is no one-size-fits-all solution, this five-part framework provides a roadmap to help healthcare leaders plan and implement effective interventions to achieve their objectives.

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As healthcare continues to evolve in 2023, we can all look forward to seeing what exciting new developments emerge in the healthcare technology space.

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Leaders looking to mitigate the effects of inflation should forgo trying to identify a “magic bullet” solution and consider multiple potential cost-saving strategies.

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From staffing and security measures to risk identification and response plans, administrators have no shortage of tactics available to make hospitals safer.

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Even the most experienced of leaders can struggle when it comes to managing several different priorities. Between catering to the needs of customers, ensuring employees are engaged, remaining true to the values of the organization and staying compliant on changing laws, running a business naturally requires entrepreneurs to balance several different priorities all at once. No matter how experienced a leader is or how top-notch their juggling skills are, any person would struggle with these responsibilities. Stepping outside of the mindset that they have to handle everything alone is a key first step for many leaders. Below, 12 Newsweek Expert Forum members each share one additional approach leaders can take when managing multiple projects and priorities.

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The pandemic has caused millions of U.S. healthcare workers to reevaluate their careers.

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There are several contributing factors to inflation that health industry executives will immediately recognize.

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Rather than let the idea of change hold them back, business leaders can see change as a way to increase their chances of future success. When a habit shows success, it can be difficult to adopt different practices, even when success is limited or comes at a cost. This is a common occurrence in business when leaders become so dedicated to doing something the way it has always been done that they are unintentionally sabotaging their future success.  Knowing where to start when making changes isn’t easy, but one of the first steps leaders can take is simply committing to the act of making changes for the better. Below, 10 Newsweek Expert Forum members share further advice on what leaders should do to address and break their own bad habits.

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Industry credibility and brand recognition are critical if you hope to optimize your business for its target market. With major competitors vying for the top spot in any industry, making a name for your business and improving the market can be a difficult journey. As a new business owner, this means you’ll need to dedicate plenty of time to learning and researching the industry to understand where your business can offer improvements.  As business leaders, the members of Newsweek Expert Forum have dealt with the challenge of breaking into the industry and gaining credibility and recognition. Below, they offer 15 tried-and-true tips for entrepreneurs attempting to optimize the market.

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Creating an engaging workplace culture is all about putting structures in place to meet company goals and address employee needs. For a business to succeed today, an engaged workforce can make all the difference. With the workplace being more distributed across geographical areas than ever, establishing and maintaining a company culture that effectively engages all employees is a growing challenge. That’s why it is essential for leaders to adopt practices that balance the needs of the business with the desires of employees. Before making any internal changes to how the company operates, determining the best way to create an environment that supports employees is a great first step for ensuring employees feel valued. Below, 15 members of Newsweek Expert Forum provide tips for business leaders interested in keeping their employees engaged with the culture of the company.

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To keep your top employees around, it's important to show them how much you value their contributions and talents. A significant portion of one's life is spent at work, so finding value in that work is critical. As a leader, you want your employees to feel their time is being well-spent and their contributions matter. Happier, more engaged employees will result in stronger trust and higher-quality work. To help your organization achieve this, a panel of Newsweek Expert Forum members shared 15 ways you can help your employees feel valued.

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As a leader, it’s essential you take the time to assess and understand your own mental health so that when you head to your next assignment, you’re equipped and ready to continue the fight.

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Keeping a close eye on customer behavior can help businesses stay on top of changing trends. Trends can come and go in the blink of an eye, and if a business isn’t paying close enough attention to its customers, leaders run the risk of losing current and future customers. Rather than waiting for new customer behavior trends to hit the company’s radar, being more proactive about learning and leveraging each trend in real time can give an organization an edge over its competitors. As business experts, the members of Newsweek Expert Forum are familiar with just how quickly customer behavior can change. Below, they offer advice on how leaders can effectively leverage customer behavior trends as they gain more ground.

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To remain in business long term, entrepreneurs have to get comfortable making difficult choices. Business decision making can sometimes be a difficult process, with each decision potentially impacting employees or customers in a negative way. That potential to harm stakeholders may cause some leaders stress, even to the point of delaying decisions until they’re absolutely sure of the possible outcomes. Learning how to understand and see fear as a natural part of doing business is key if entrepreneurs want to last long term. As leaders, the members of Newsweek Expert Forum are all familiar with the challenges of making decisions. Below, they share advice for fellow leaders to be able to embrace fear and make difficult business decisions with confidence.

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Healthcare is a precious — and finite — commodity.

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Before moving your business to a new industry, it's best to get a full understanding of that current market. Moving your business into a new industry can bring with it the opportunity to expand your current business offerings or go in a completely different direction. However, before jumping into a new endeavor, it’s important to carefully think through each move and fully understand the potential consequences of what you do. While an entrepreneur may have experience in a given field, that experience may not translate well to a new setting. To help entrepreneurs make a successful change, a panel of Newsweek Expert Forum members share common mistakes entrepreneurs encounter as they attempt to pivot into a new industry.

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When creating a more adaptable workplace, input from staff members will help ensure initiatives are inclusive of employees' needs. The last few years have shown that the traditional workplace has the potential to be a much more variable space than previously thought. As employers continue to navigate the return to the office and the hiring of new employees, it’s critical to consider the changes that have taken place and how those changes will impact what the workplace looks like, including where and how employees will work from now on. Regardless of the workplace ultimately set up, a leader must aim for an environment that is adaptable to the needs of the employees working within it. Below, 13 Newsweek Expert Forum members share less commonly known ways to give flexibility to employees.

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There's no "silver bullet" solution to achieve rapid growth, but there are a few tips and tricks that can help you hit your goals faster. Whether it's financial growth, team growth or sales growth, nearly every business has concrete growth goals they want to achieve. But even with the best employees and loyal customers, sometimes it may be difficult to achieve that growth. Luckily, there are some "hacks" to help your business reach its goals quickly and efficiently. From journaling to using timeboxing strategies, 13 Newsweek Expert Forum members shared their best growth hacks and why they're so effective. 

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To keep the business running smoothly, leaders have to get to the root cause of employee burnout.  Whether your employees have been working remotely, on a hybrid schedule or have been in-person this entire time, the odds are high that they are likely feeling the strain of the last few years. A leader taking the initiative to look deeper within their organization and at the current culture of the organization is a smart first step.  Making an effort to implement change and offer more support can positively impact employees. To help leaders make changes, a panel of Newsweek Expert Forum members each share one strategy for addressing and reducing employee burnout in the workplace.

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The truth is, healthcare workers are people.

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While some may not see the appeal of continuously fixing what isn't broke, intentionally adapting in business can lead to new opportunities. When you've been in business a long time, certain habits just stick. Making adjustments to business strategies that are currently working well enough may seem unnecessary, but continually working on improving the efficiency of business operations is key to staying relevant in any industry. Becoming too complacent with the status quo is dangerous for businesses that want to last long term, but it’s hard to break out of bad habits once they’ve been set in place. To help leaders begin moving in new directions, a panel of Newsweek Expert Forum members each share advice on steps to take to rethink old habits and establish new ones.

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Building long-lasting relationships with peers requires moving away from competition and toward supporting their successes. In a business setting, it’s difficult not to think of your peers as competition. Whether they are within your immediate team or running their own company with an offering similar to yours, it’s inevitable that you’ll begin comparing yourself to them, assuming that their every success may mean lost opportunities for you. The true reality is that people can occupy the same spaces at the same time without feeling threatened by one another. The first step is recognizing that no matter how similar a situation may seem, no two people walk the same path. To help professionals escape from a competitive mindset and build healthy relationships, 10 Newsweek Expert Forum members give advice on how to connect with peers without comparing yourself to their successes.

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Health care workers must put themselves first. Here are some strategies to help manage stress.

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Without focus on providing employees with clear communication, leaders risk company goals being not achieved.  As a company grows, it’s critical that everyone from the top down has a thorough understanding of what objectives the entire organization is working toward. A leader who prioritizes communicating the vision and goals is essential to ensuring that employees truly feel connected to the work they are doing. However, determining the most effective way to communicate company objectives can be difficult. Below, nine Newsweek Expert Forum members share their perspectives on the best way for a leader to clearly communicate the vision and goals of the company with current and potential employees.

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Actively seeking to connect with your target customer base can create real opportunities for authentic engagement. With the Internet now widely serving as a social space, society as a whole continues to move toward a culture that seeks shared experiences with peers over those with expertise. This means that consumers these days are no longer limited to experts when it comes to seeking advice on products and services.  Developing an effective way of authentically connecting with customers can bring more business opportunities, but the challenge lies in finding the right strategy for engaging and interacting with these consumers. To help, 10 Newsweek Expert Forum members share tips for companies interested in creating more shared experiences with current and future customers.

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Management transitions can be tricky, so it's important to have a plan in place when a senior staff member makes their exit. There comes a time in every company when a leader is ready to move on. This company loss can be bittersweet and even provoke anxiety and feelings of the unknown among their previous team members. Employees may be concerned about gaining a new leader and how their job may change once a new leader is appointed. To help mitigate these fears, a panel of Newsweek Expert Forum members shared what to do when your company has a key leader resign. Follow their recommendations to ensure a smooth transition.

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Knowing how to manage and track department goals can help leaders ensure objectives for the wider company are also being met.  A new year offers businesses the opportunity to set both company-wide and department-specific goals. As each department works toward achieving set objectives, tracking progress can help ensure short- and long-term goals are on the right track and moving in the right direction for the entire organization.  Though knowing how to manage and track the goals of each department alone is difficult, the challenge also lies in how leaders can do those tasks efficiently while also balancing the achievement of goals set for the wider company. To help, 10 Newsweek Expert Forum members share recommendations on effective methods companies can adopt to better track department-specific goals in the New Year.

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Investing in training and development signals to employees that they are valued, and the organization would rather build the talent from within than find new staff.

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Taking the time to carefully vet business partners decreases the chances of something going wrong down the line.  A partnership with another person or company can increase your chances of successfully bringing your ideas alive. After all, a partner will be able to offer additional information and resources, and the combined effort means more work will get accomplished.  However, one must carefully vet every collaboration before signing on the dotted line. Though a business partnership may look good on paper, asking key questions beforehand can help ensure your prospective partner actually ticks all of the right boxes. Below, a panel of Newsweek Expert Forum members each share one question to ask a potential business partner before officially joining forces.

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Establishing a personal reputation can give business leaders a wider reach and influence in their industry. Business leaders invest heavily in their businesses, aiming to build professional brands that resonate with their target audiences. As social media is now a necessary component of conducting business, leaders can now leverage these platforms to construct a personal brand or reputation for themselves separate from their business entity. Though setting oneself apart can be difficult, establishing a personal reputation can give a business leader more reach and influence in their industry. Below, the members of Newsweek Expert Forum share tips on the best way for a leader to build a personal reputation when their work is always top of mind for audiences.

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Minor workplace disagreements left unchecked have the potential to quickly become completely unmanageable. Workplace conflicts are an inevitable part of working with people. As such, leaders need to have a proactive plan in place for handling these conflicts when they arise between employees. Disagreements left unchecked increase the chances of a conflict escalating, negatively impacting the culture of the company and creating a toxic environment as a result. To help leaders deal with workplace disagreements before they spiral out of control, the members of Newsweek Expert Forum share how to effectively de-escalate and mediate workplace conflicts when they arise.

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Keeping employees consistent connected to the mission and values of the organization means building a supportive work environment. The key to creating a supportive work environment lies in how well the leaders of the organization communicate with their employees. Clear and consistent communication is essential to ensuring employees feel a sense of belonging and are fully connected to the mission of the organization, but communication can no longer be one-sided and reserved for those at the top. Changing how they communicate to better accommodate employees and their needs will allow leaders to build and maintain long-term relationships with the people in their organizations. To help, the members of Newsweek Expert Forum share communications strategies leaders should consider adopting if they want to resonate more with employees and build influence.

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Early preparation is the key to success when it comes to holiday sales and closing out the year on a high note. With the holiday rush almost upon us, it’s important for businesses to give themselves as much time as they can to prepare. The current labor shortages and supply chain delays impacting nearly every industry will likely increase during the holiday season, which could cause issues for businesses as they try to stock up for the season with inventory and additional staff. However, there are key things that leaders can and should do now to ensure they’re prepared and don’t run into any delays. Below, five members of Newsweek Expert Forum offered their advice and shared some ways leaders can begin preparing for the holiday rush in advance.

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Marketing campaigns that capture and hold the attention of prospective clients increase the visibility of the organizations's brand. One of the primary goals of marketing is to capture and hold the attention of the public. Campaigns that do this successfully not only raise the visibility of a company’s brand, but also place the organization in a position of authority. Success, however, does come with a new set of challenges, namely the fact that people are always looking for something new and fresh.  Rather than agonizing over this issue, marketers should focus on one thing: their audiences. Thinking about what promotions will work best with their target audience when developing unique marketing campaigns is often the best way to approach this problem. To help, nine members of Newsweek Expert Forum discuss out-of-the-box promotions that have had a positive effect on their businesses.

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Perhaps the most important step you can take now is building your relationships with your teams.

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As e-commerce continues to boom, it's important for online retailers to have the right marketing strategy in place. Today's customers have more options than ever when it comes to online shopping, which is why marketing your e-commerce business can sometimes feel like shouting into the void. It can be even more difficult if you're adapting brick-and-mortar retail campaigns to the online realm. A strong digital marketing strategy is key to increasing your online sales. But putting this into practice can be difficult, especially if you're not used to marketing via e-commerce channels. From using outsourcing parts of the process to having the proper funding, eight Newsweek Expert Forum members shared some essential steps every business should take when adapting their existing marketing strategy. 

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Investing more time into nonbusiness critical endeavors can positively impact an entrepreneur's skills and business. Pursuing professional development has always been a valuable practice for continuously growing and developing business skills. Despite the benefits, however, some entrepreneurs are still reluctant to take steps toward investing in their own development. For them, any time and effort not spent on business-critical tasks may be seen as unimportant when compared to work that directly impacts and drives business.  However, entrepreneurs need to rethink their current beliefs about professional development if they are truly interested in growing their businesses and enhancing their own skills for future success. To help, 15 members of Newsweek Expert Forum shared recommendations on how entrepreneurs can take action and start investing in their own professional development.

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A business's culture directly influences relationships within the workplace. The work culture of a business has a direct impact on the ability of the organization to last long term. Besides the benefits on the business side, a positive work environment enhances the relationship between leaders and current and prospective employees, leading to increased retention and employee loyalty. However, the challenge comes with building and preserving this kind of company culture. To help, a panel of Newsweek Expert Forum members shared their recommendations for how business leaders can build and maintain a positive work culture.

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When a business is growing, leaders must be careful not to do too much too fast to keep the budget in check. Expenses that are not kept in check can impact a business’s operations and the procedures in place that keep things running smoothly. Business growth can do wonders for increasing the reach of an organization, but leaders must be careful not to do too much too fast. One wrong decision can easily strain a limited budget. With growing expenses, it’s important to have a strategy for managing the budget and planning for future financial changes ahead. Below, the members of Newsweek Expert Forum shared advice on how business leaders can save money and stay lean as their business grows.

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In order to maintain credibility in the face of obstacles, leaders must learn to embrace honesty and vulnerability. In the face of a setback, such as layoffs or a deal falling through, a leader’s next actions make all the difference for employees. Leaning on the support of employees and, in turn, supporting employees is critical for building and maintaining leadership credibility and the trust of your team when things go south. Moving away from the image of a powerful, all-knowing leader can be difficult, especially when the weight of the organization is on your shoulders. To help leaders boldly face and address business mishaps, 16 members of Newsweek Expert Forum shared steps that business leaders should take to rebuild trust with their team after a setback.

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Making customers happy doesn't have to require a lot of resources and effort; the simplest strategies can sometimes be the best. A business's customer experience is an important indicator of its overall success. Your customers are the cornerstone of your company, and they should be treated as such. If they aren't satisfied with their experience, they'll likely take their business elsewhere. Thankfully, you don't have to break the bank or hire tons of customer service reps to appease your customers. Below, 12 members of Newsweek Expert Forum shared some low-effort but effective strategies for improving your customer experience.

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Your main responsibility is to ensure your team is productive and successful.