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Economies are powered by innovation. Much of that innovation derives from forward-thinking individuals who possess the drive, skills, and background to turn a business vision into reality. The importance of entrepreneurs extends beyond the effect those individuals have on their own companies, however. They impact their broader communities, and, in some cases, even the world. Entrepreneurs have played a pivotal role in the growth of the U.S. economy since the 19th century. They spur industry transformations, create entirely new markets, and help to build resilient communities. Investopedia describes four ways entrepreneurs benefit society: The companies that entrepreneurs found tend to […]

Now more than ever, companies are taking a good hard look at their leadership teams and evaluating them on a different criterion. It’s no longer simply a matter of being educated or experienced. The evolution of the marketplace dictates a corresponding evolution in corporate leadership, which has executives asking themselves, “Is our company diverse enough?” More specifically, they want to know if they have enough diversity in leadership roles. Not all managers are created equal, but the great ones always have those key qualities that make them effective leaders. They are highly proficient communicators, critical thinkers, adept at decision-making and […]

By 2025, 36.2 million Americans will work remotely, according to a report on the future workforce by Upwork. Remote work is nothing new, and trends indicate continued growth for remote workers and increased demand for virtual leadership skills. Gallup reports that remote workdays for U.S. workers have doubled since the COVID-19 pandemic began.A total of 45% of U.S. jobs can possibly be virtual, according to a report on the COVID-19 labor market from the U.S. Bureau of Labor Statistics. Experts say remote work, also known as telecommuting, will continue even after the pandemic restrictions are lifted and employees are able to return to the office. Gartner reports that […]