How Do I Ask For A Raise From My Boss?

What is your No. 1 tip for asking for a raise from your boss?

-- Cormac J., Columbus, OH

The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world's most promising young entrepreneurs. The YEC promotes entrepreneurship as a solution to unemployment and underemployment and provides entrepreneurs with access to tools, mentorship, and resources that support each stage of their business's development and growth.