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People say Love the feedback, but the truth is, we often don’t know what to do. Especially if this feedback is constant, many and contradictory. This is the reality most startup founders face: they are regularly bombarded with feedback from investors, customers, peers, mentors, family, friends, and occasionally random people on the Internet.
The right feedback is a gift that can bring great benefits, but a flood of feedback can leave you feeling tired, vulnerable, and stuck in a loop. If you don’t have a strategy, you risk fumbling with every piece of advice or stubbornly digging your heels in and ignoring the best altogether.
For all its challenges, managing feedback is a vital part of building a successful business. The good news is it’s not a skill – it’s a muscle, and you can build it over time. Here are three ways to get started.
Understand your goals
After our first meeting, a founder asked me if I had an “immediately actionable” suggestion for her company. She didn’t want to waste my time (or hers) with extensive or in-depth input on her business – she wanted an investor to take on items she could handle right away.
In other words, this founder understood her goals.
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