Surving a 1000 Days in Business – The Honeymoon Phase

by | Aug 17, 2020 | Blog, Inspiration, News, Tips | 0 comments

Ah, the glory days – where you have limitless energy for your idea, and you can’t imagine spending even a minute of your day discussing or working on anything else.

Typically in this phase, you’re starting to bring your idea to life – you’re experimenting, you’re learning, and you’re gaining the confidence to put your brainchild into the hands of real potential customers.

You’re getting feedback, and you’re CELEBRATING those early wins!

Energy

Design your LIFE (and your business) – you CAN live a life of purpose, generate profit, and have a business that allows you to work from where you want and when you want. But it’s not just going to ‘happen’ that way. Take the time to visualize the future life you want to live, and what you will NEVER sacrifice in the pursuit of your business (your non-negotiables). Then build a business that’s designed to deliver the life that you want (and not the other way around).

Time

This is not the time for a 5-year plan – we could probably just leave it at that. In the early days, it is impossible to know the exact direction that your business will take – this clarity will only come after continuous cycles of ‘test and learn’. So in the honeymoon period, focus on execution over strategy – focus on taking imperfect action every single day, and on being humble and receptive to feedback, so you can pivot quickly, and keep moving forwards.

Relationships

Build your support structure – (nearly) EVERYTHING has been done before. As much as we want to innovate and tread our own path, you can save yourself months (even years) and thousands of dollars on trial and error if you learn from and surround yourself with people who have done it before. You’ll want to find > a coach (with relevant technical skills), a mentor (with a relevant journey), and an accountability partner (to keep each other focused and accountable on your goals and timelines).

Money

Create your financial model – and if you don’t know how, find someone that does. Doing everything free is not going to help you grow your business – to have impact at scale, you need the money to invest in scaling. You CAN be for-profit + for purpose, so spend time on how you can make your business financially sustainable – so you can get to your 1000 days!

We’ll be ending this post with a qoute;

You don’t have to be great to start, but you have to start to be great. – Zig Zigler

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Surving a 1000 Days in Business – The Honeymoon Phase

by | Aug 17, 2020 | Blog, Inspiration, News, Tips | 0 comments

For many years now, the Millennial workforce has been consistently changing the way we work in more ways than one. As noted by NBC News, aside from raising awareness over various topics such as employee and workplace well-being, work-life balance, and flexibility, this new generation of professionals has also made it the norm for managers and company leaders to provide a steady flow of feedback.

  

This reality has eventually led to the emergence of hundreds of millions of resources on the different ways to give effective feedback. Unfortunately, the same cannot be said about being on the other end: there just isn't enough information out there on how to receive feedback well. That being said, here are six tips that can help you get the most out of all the feedback you receive:

1. Handle your emotions offline 

We can't help it if certain comments make us feel certain ways -- we're only human after all. However, your emotional response is yours and yours alone to deal with. To ensure that you are capable of addressing every piece of the feedback with determination and an open mind, get negative emotional reactions out of your system through simple breathing exercises.
An article by Pain-Free Working explained how exercises like deep breathing, the 4-7-8 breathing technique, and the lion’s breath technique can help release tension in the head, promote relaxation and improve your mood in just a few minutes.

2. Identify good intentions 

Taking in criticism or feedback can be hard -- no matter how meaningful, constructive or true it may be. However, it is something you must overcome in order to become better at receiving feedback. Again, you have to remember that the person giving you an evaluation isn’t out to get you and intentionally hurt your feelings. They are there with the intention to help you see points of improvement.

3. Actively listen

Whether you are listening to a talk or participating in a class, the only foolproof way to learn as much as you can is by listening actively. This undeniable truth also applies when taking in feedback. When the other person is sharing his or her feedback with you, make sure to listen closely. Let the person share their complete evaluation, without interruption. Avoid analysing or questioning each and every comment, and instead, focus on trying to understand what the other person means and the perspective they are coming from. Once they are done, The Muse suggests repeating back the comment to ensure that you got everything right.

 4. ASK QUESTIONS

In addition to repeating the other person’s comments, it would also be in your best interest to ask questions if there are parts that you weren’t able to fully grasp. Asking questions will not only show how willing you are when it comes to understanding their assessment. This simple act can also help you have more clarity, get to the root of the issues raised and have access to some possible solutions for addressing said issues.

5. Learn from each feedback

Even if the feedback you’ve received is unfavourable, there is surely still something you can learn from it. Just like how you would try to ‘Overcome Failure’, ask yourself why you got such commentary. Then, use that knowledge to further improve your work and to ensure that the next feedback you’d get will be much better.

6. CIRCLE BACK

As the old saying goes, actions speak louder than words. With that in mind, after making sense of the feedback you've received, make sure to work on the items mentioned and issues raised. It would also be a good idea to circle back with them to see how things are going from their perspective. Doing so will not only strengthen your relationship with them, but also provide you with an opportunity to get more feedback.

Feedback can be thought of as two-way streets. Meaning to say, in order for it to be as effective as it can be, the giver should know how to offer meaningful comments while the receiver should know how to receive assessments well.

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