Feedbacks are not exclusively to work environments. But instead, are present in basically everything that we do. Even still in high school, we deal with feedback from our teachers and mentors. We deal with feedback from our parents about our achievements and decisions. It is just something heavily present in our lives from an early age.
Even more, however, on a business scale. Feedback is perhaps the core of any company, and a necessary step to keep things going. If you are an entrepreneur, you must be familiar with a series of tools you can use to improve your business.
Chances are that you have dealt with the concept of feedback at least once in your life.
Feedback is present somehow in most of them, and it is possible for the simple reason that feedback allows a company to go through that error > improvement stages that happen in literally every single project happening within a business.
Without feedback, most companies would be lost entirely as far as what are the points that worked, and what are the points that need to be modified to make the business grow. This tip makes it a necessary tool and part of a company’s day to day routine.
1. Feedbacks affords employees’ encouragement
Although feedback is more often than not associated with a negative response, meaning that it will help indicate gaps and mistakes that need to be corrected, it can also work as a tool to spot the excellent employees in the company. Giving a compliment to someone who has been working hard and helping the company is also lovely. This practice also encourages the staff to think of the business as something vital to them. And therefore, something that they should dedicate themselves too.
Using the feedback opportunity to highlight the excellent work that is happening also serves as encouragement to other employees. As they now know that their efforts will be recognised. Just overall, having the chance to understand what it is working in the company can be very helpful.
Having helpful employees that feel energised and ready to work might be just as important as having a sound system going. The feedback can help only with that, being a way to improve communication within the company.
2. Feedback allows you to fix what is not working
The most common, I would say, the benefit of having a friendly feedback system going is that you can spot the things that need to be changed easily. That marketing strategy that had no results, or the change in staff that slowed down production.
It is easy for entrepreneurs to get lost. They have, after all, a lot in their hands and are front runners in the business, which means that they are responsible for checking a lot of things. Being so, this can be quite easy to let something slip for a lot of time. They are creating a negative chain in the company that might have the business’s back.
Making sure that you are getting consistent feedback helps you assure that things are up to your standards. Especially if your brand and reputation are on the line, it also helps encouraging employees to be very careful, as they know things will be reported back to someone. One thing you must not want to do is give the impression that anything can pass by you to your team.
Read Also: Embracing the negatives – What they can teach us and how to overcome them
3. Creating the dream team
Not a lot of people can hear feedback and absorb it. For a lot of us, we don’t make any mistakes, and the fault lies elsewhere. Having a sound feedback system can then help you spot people that are not willing to learn and grow with your business after all. The same way that we mentioned before; feedback helps to highlight good work, and also bad practices.
By continually checking how things are going, you can guarantee that everything is going well. And that you can apply for the changes and review over and over. We often mistake as criticism and just an adverse reaction for most people. However, it can be an import tool to improve performance. And if you or employees don’t feel like you need this feedback, there won’t be any place for growth.
Feedback also opens that door for better communication. People won’t know that they need to improve in something unless you tell them. Same the other way around. You won’t see what you need to change and grow if you don’t add feedback to everything you do.
4. Feedback provides the chance of growth
The feedback itself doesn’t always go to you as a way to measure other people’s achievements but also your own. Receiving feedback from work or project you did helps you to grow from it. Apply the changes you need to apply and do better next time. Instead of insisting on a mistake. Feedback also helps us to be self-aware of our flaws and the things we need to change.
When you think you are perfect and have no flaws, you automatically abandon any chance of growth. Because after all, you don’t fix what it is not broken. So, by being curious and wanting to learn more about the things that you can do to better yourself, you open the door to a series of possibilities of self-improvement.
You also become someone that can listen well and absorb information. This practice will make you a better individual, a better professional, and a better student.
Final Thoughts
Feedback is a valuable tool. Perhaps one of the most essentials steps in business and something that must be applied frequently, daily. And we do it. It is not only present in our business life but also in everything that we do. A piece of clothing that we bought, we give feedback about its quality and so on. It is necessary to make us learn and keep improving.
VIDEO TIP: Watch this YouTube video explaining more about the joy of getting feedback.
Wrapping Up!
What part of this article resonated most with you and why? How has feedback impacted your hustle? Share your ideas, tips, thoughts and experience below in the comments.
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