You should also know when to balance the two.

When deciding whether to invest in hopeful entrepreneurs who enter ABC's Shark Tank, Barbara Corcoran relies heavily on her gut reaction. Though the investor does her due diligence to learn about a company's finances, sales history and background, her final decision is often based on whether she likes the person doing the pitch.

How to Decide Who Gets a Raise

Performance-based raises can be a difficult subject for business leaders, especially if there’s not enough room in the budget to give everyone on the team a substantial increase. Determining who receives a pay bump — and more importantly, how much they get — requires you to know how to set your parameters in order to evaluate your employees. To find out, we asked 14 members of Young Entrepreneur Council (YEC) the following question:

Today is the day you finally check off that horrible item that's been lingering at the bottom of your list.

You know the kind of to-do list item I'm talking about -- the ones that linger at the bottom of your list as you churn through less horrible tasks above it, the one that seems to laugh at you every time you look at your list, the one that causes a sinking feeling in your stomach every time you tell yourself, "Today is finally the day!"

Time management is all the rage these days, and it’s easy to understand why. Most people, and particularly entrepreneurs, are working themselves to the bone. It’s been found that 70 percent of us work beyond “office hours” and into the weekends. We’re working from bed, while eating dinner and when on vacation. This hurts our relationships, health and productivity.

Allowing workers to show their true selves has its benefits.

In a society that values strength, independence and self-reliance above all else, why express yourself? Why go out on a limb to reveal anything other than the highlight reel you post on social media in any situation, let alone in the setting where it could cost you the most: at work?

Onboarding new hires is a crucial moment in their company culture experience. Making sure your employees are welcomed and given all the information they need can be crucial for them feeling secure and confident enough to ask questions and successfully integrate into their teams. That’s why we asked entrepreneurs from Young Entrepreneur Council (YEC) the following question: