Surving Your First 1000 Days in Business: Swimming in the Ocean

by | Sep 7, 2020 | Blog, Inspiration, News, Tips | 0 comments

By year 3 – you’re coming up for air – you no longer feel like you’re drowning, but rather like you’re swimming in an ocean of possibilities. At this point, you’ve likely reached product/market fit, where your audience is positively responding to your product or service, and you’re feeling confident to scale.

Typically in this phase, you are gaining momentum – customers are coming to you, opportunities are landing in your Inbox, and you’re no longer focusing on the day to day, or month to month, and start imagining and planning in years. You’re in control, making bold moves, and watching your future unfold.

Energy

Actively manage your energy – You got into entrepreneurship so you could leave your 9-5, so don’t feel like you have to work 9-5! Understand when you are most productive and design your schedule around that – complete your critical tasks when you are at your peak performance, and your admin at the times you’re feeling less energized. Notice any energy drains (could be tasks, people, or places) and take action to remove these from your days.

Time

Work ON, rather than IN your business – a good rule of thumb by this phase is that as a Founder, you shouldn’t do anything that someone else in your organization can do. Invest in training your team and empower them to lead in their own areas (we know, so much easier said than done to relinquish that control!). But by this point, your time is best spent thinking, strategizing, and predicting the future world your business will be operating in and elevating yourself out of the day to day tasks.

Relationships

Step up to CEO – your business will only grow as fast as you do, and so now is the time to evolve from entrepreneur to CEO – to become the leader your business needs you to be. CEO’s stop doing ‘all the things’ andfocus on how to deliver value, learning to delegate, and empowering their  teams to drive their shared vision.

Money

Know, trust & never devalue your worth – By this stage, you will have a track record for your business, with customers who value and have bought your products or services. What’s important here is to embrace this value – own the incredible transformation that both your idea and YOU have been through.

Channel this into the confidence of the value not just of your business, but of your own self-worth, and never compromise on this.

By this point you will have customers and collaborators approaching you, and the luxury of choice – to choose the projects you want, the clients you like to work with, and to say ‘NO’ to anyone who does not fully understand your worth.

And one day she discovered that she was fierce and strong, and full of fire and that not even she could hold herself back because her passion burned brighter than her fears. – Mark Anthony

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Surving Your First 1000 Days in Business: Swimming in the Ocean

by | Sep 7, 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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