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7 Top Feedback Tips to Move Your Startup Forward

17/8/2015

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Feedback informal and improves all business relationships. Process and evaluation can interfere with feedback signals. So it is better to keep them separate. Using informal channels and frequent, two way discussion are key to effectiveness. Feedback is a skill which should be part of your lifelong learning approach. Improving will help you make better decisions and build better business relationships. It so important maybe we should call it feedforward.

Feedback - A Key Business Skill For A Startup

Giving and receiving feedback is one of the most important parts of business. It takes high level communication and learning skills in both directions. Large enterprises often use the word “feedback” to describe a set of internal processes. Staff reviews, Peer feedback. Team evaluation. And so on. 

But feedback is a part of every business relationship. A startup is receiving feedback from customers, community and investors every day. Every minute in fact. In these terms, quality feedback makes a huge contribution to making good business decisions. It provides the best evidence you have for the needs, attitudes and goals of customers. Or investors and other stakeholders.

The problem is that feedback is often wrapped up with judgement and assessment. You need to separate the process and listening associated with feedback. Keep the management decisions and actions apart or you will pollute both. When you ask for feedback from someone who knows what you will do with it, their bias changes their response. It can work both ways. Over generous and positive feedback is more common than the negative and nasty kind. Both are of little value as input to your future plans.

Leaders often say “We need honest feedback to help us make the right decisions”. Even saying this tilts the playing field. Natural human behaviour is to give feedback which influences those decisions. Recognising this kind of behaviour is the thinking behind The Mom Test. Rob Fitzpatrick’s excellent book is all about persuading potential customers to tell you the truth.  To share their real views of your product or idea.
Why Feedback Matters
It is worth learning this lesson. The benefits of feedback go well beyond improved decisions:

  • It is a reward in itself. There is nothing more life enhancing than measured praise for a job well done.
  • It reinforces good behaviour. But take careful note. Negative and critical feedback is not effective in fixing bad behaviour. 
  • It helps align priorities. A simple message is fine. But clear direction on behaviour that fits that message is even better.
  • It helps everyone improve skills and build on positive work experiences.
  • It is a great way to learn from mistakes. Well structured debriefs and learning are far better than criticism as mentioned above.
  • It alleviates fear of the unknown. Even if a mistake has been made, better to know about it and understand it.

Small Business Consulting - How Great Feedback Works

Feedback is a core skill for anyone in the commercial world. Both giving and receiving. It can be learned and developed like other important capabilities. After 30 years of receiving, giving and observing feedback, here are my tips:
  • Give feedback frequently and informally. Even if a process exists the best feedback is invisible. Make it part of your routine. In part because prompt feedback is easiest to understand. You will soon find that others respond in kind.
  • Go round the system. The best way to get the truth open and understood is natural communication. There are no rules which fit every situation. No matter how sophisticated your company’s process, work through the informal, undocumented channels.
  • Focus on the customer regardless of who is giving and receiving the feedback. Building customers is the end goal for every business. All processes and activity serves that end. Keep that in mind and your feedback will be in the right, positive context.
  • Every feedback process is two way. No matter the relationship between the parties, each can always learn from the other. Even if this is as simple as thanking a customer for taking the time.
  • Seek feedback at every opportunity. Probe and question to make sure you understand. The questioning techniques in The Mom Test have wide application.
  • The best feedback is built on a foundation of trust. Actions and transactions come first and feedback later.
  • Just do it. It is one of those areas where learning is a lifelong exercise. You will improve but only by practice.
Next Steps
Startups begin with a feedback process. Customer discovery is the foundation of every success. Finding real world problems and designing solutions which offer real customer benefits. You will know that this is not easy. The techniques are hard. When it is done well the information can be full of contradictions and inconsistency. Getting information from customers and acting on it are two different things.

All feedback is like this. Hard to get the truth but worth it in the end. It is the only way to align your business with customers. And the best approach to developing your team. In a startup your first experience is receiving feedback. You will soon be giving it as well. The cycle never ends. Innovation, response to demand and business improvement are all built on this base. 

Feedback is integral to building a team, building relationships and growing your customer base. On reflection maybe we should call it feedforward!  For more small business consulting tools that will help drive your startup, subscribe to our newsletter below.
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  • Home
    • Tartan in Tallinn
  • Blog
  • Free Downloads
    • Sunstone Financial Information Survey 2017
    • Sunstone SaaS SWOT Analysis Tool
    • The Book of Business Plan Ephemera 2014
    • SMB SaaS Unit Economics Calculator
    • How technology is killing the CIO
  • About
    • Kenny Fraser
    • The Legend
    • Community >
      • Mallzee
      • Appointedd
      • SaaS Group
  • Financial Model