How to Set-Up an Enterprise - Feedback and Reporting
Have a suitable feedback mechanism in place to learn from
experiences, to gain an insight into what is actually
happening in your business, if you don't have one develop
a suitable mechanism which suits your necessities. Think
of your experiences, when you wanted to know from others
how you were performing your jobs or chores or tried
to find out how you performed in your a particular assignment.
Entrepreneurs should seek immediate
feedback on their performance, product and people. They
want prompt, accurate data on the results they are getting.
It does not make any difference whether the information
they get is pleasant or unpleasant. By remaining unaffected
by the results or feedback, they are stimulated to pour
more energy into further accomplishing the task. Positive
or a negative feedback is a response for them based
on which they charter their future course of action.
They are neither disheartened by negative feedback nor
do they remain jubilant in light of glowing feed back.
Entrepreneurs strive for higher goal, better performance
and above all learning from their own and experiences
of others.