Subscribe to Entrepreneur for $5
Subscribe

What Defines a Strong Company?

Nicole Walters, CEO and founder of Inherit Learning Company, chats with Georgene Huang and Romy Newman, co-founders of Fairygodboss, about the importance of having strong, cohesive leadership.

By
Opinions expressed by Entrepreneur contributors are their own.

In good times and bad, what are the hallmarks of a strong company?

That's the question Nicole Walters, founder and CEO of Inherit Learning Company and star of USA Network's She's The Boss, recently posed to the co-founders of Fairygodboss, Georgene Huang and Romy Newman.

Huang believes that it starts with having strong, cohesive leadership and appreciation for your employees. "To be good to your people, you have to be compassionate, transparent and really focused on business outcomes," she explains. "One of the things we really focused on and thought about is that we have a very diverse workforce. We are a company that helps other companies become more gender diverse, and certainly we practice what we preach."

It is also about a team's willingness to change and be nimble, notes Newman. The world is changing so fast — customer needs and available technology are evolving at lightning speed. "We need a team that is willing to be flexible and agile and able to adapt to the ever-changing needs of our business," Newman says. "You can't predict the disasters coming around the corner," she says, "but you can focus on the task at hand and work to thrive and perservere in the environment you are in today."

Both founders say that a strong relationship with investors is key to running a strong company. "Our investors are an incredible group of people and we would not have survived this time without their support," says Newman. "Keeping them informed and knowing when to pull them in for help has been an important part of our success."

Latest

How to Unlock Your Company's Value in the 'Circular Economy'

Michael Smith of Regeneration.VC shares how the circular economy works and why it's good for business and our planet.

BBQ Icon Rodney Scott on Blazing Your Own Path in the Restaurant Business

Interview with famed pitmaster and food entrepreneur Rodney Scott of Rodney Scott's BBQ about every day being a good day, the truth behind "overnight" celebrity, and how cooking with soul is vital to sustained success.

3 Easy Ways To Be More Motivated

Want to tackle your to-do list in just two weeks? In this video, Ben Angel tells you how.

The Founder of Mindvalley Wants to Transform and Reinvent Education. Here's Why.

The founder of Mindvalley shares why he started his platform and discusses his new book, "The 6 Phase Meditation Method."

This Teacher-Turned-Entrepreneur Started Tutoring Kids in Parks and Churches. Today, She Runs an Education Company with Nearly One Million Followers

The CEO and founder of Big City Readers talk about why she's on a mission to make reading fun for kids and their parents. Plus, what to do if you're afraid to take a leap in your career.

Melissa Villanueva of Brewpoint Coffee on Creating Avenues for Café Owners of Color

Interview with Brewpoint Coffee CEO and Founder Melissa Villanueva about balancing community and larger ambitions, creating opportunities for people of color, and equity and inclusion in business.

4 Easy Ways to Make More Money By Training Your Brain

Mental rehearsal is a powerful psychological technique that's used by athletes, billionaires, and entrepreneurs to achieve their goals.

5 Tips to Help You Go from Camera-Shy to Camera-Ready

Media trainer Jessica Abo reveals her go-to production tips so you can feel more confident for your next on-air appearance, pitch, or presentation.

Shone Tran of Chicken Meets Rice on Stepping into Food Entrepreneurship

Interview with Chicken Meets Rice co-founder Shone Tran about pulling inspiration from tragedy, taking small steps, and thriving in business with your best friend.

Try This 15-Minute Million Dollar Morning Routine To Energize Your Day

Here are six steps you can take to amplify your energy and grow your income.

This Is Why Being a Podcast Guest Can Transform Your Personal Brand

The Founder and CEO of Scout's Agency shares why a "podcast tour" is the new PR strategy for thought-leaders.

Samantha Trottier and Hernan Regiardo of Mate Society on Creating Content People Like

Interview with Mate Society founders about authentic online connections, making money in the creator economy, and choosing the right brand deals.

9 Ways To Make 'Superhuman Focus' Work For You

In this video, Ben Angel shows you how to improve your focus and do more with your time.

Julian Cervantes of Super Taco Mexican Restaurants on Owning a Family Business

Interview with Super Taco Mexican Restaurants Founder Julian Cervantes about starting a business with little knowledge, having a Plan B, and balancing family and work.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.