Improve Through Feedback

Entrepreneurs receive comments, criticisms, suggestions and feedback from many different quarters. Whom to listen? What to do?

Entrepreneurs can’t let criticism from outsiders with limited perspective and facts affect them. Critics often make comments without a lot of information or understanding the circumstances behind certain entrepreneurial actions. Such feedback might bother Entrepreneurs but they should accept such with a grain of salt, if not totally ignore it.

However, heed for performance improvement to valid feedback from insiders. Entrepreneurs need to surround themselves with key neutral advisers who are open to providing honest and realistic feedback to Entrepreneurs. Such advisers could be informal friends and business associates, members of a Mastermind Group, key stakeholders or the Board of Directors.

Entrepreneurs should not dismiss all negative feedback, but they should discern what is constructive and what needs to be discarded. Be willing to accept valid feedback and make improvements based on that.

Ravi Patel

www.patelCFOservices.com

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