𝗙𝗶𝘃𝗲 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗙𝗮𝗶𝗹𝘀 / 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻

With 90% of startups failing, how can you ensure yours thrives?

Let's examine five critical execution pitfalls and how to avoid them.

“Everyone thinks of changing the world,

but no one thinks of changing himself.”

― Leo Tolstoy

Today, we'll cover why feedback is critical and explore five common pitfalls.

Why Feedback Fuels Success

Even the best professional athletes, performers, and businesspeople rely on trainers and experts to improve further.

Leadership insights can address blind spots and personal development.

Customer insights can reveal product flaws and unmet needs.

Team insights can improve dynamics and performance.

Five Feedback Strategies to Propel Growth

These approaches apply to personal, product, and team growth.

1. Tone Setting

Share stories of how feedback has shaped your growth.

Emphasize future growth. Lingering on mistakes emphasizes blaming, but talking about learning conveys that you care about success.

Thank people for their feedback since it’s tough to be direct and candid.

2. Open-ended Questions

Use these open-ended questions to uncover valuable insights:

• How could I do this better next time? (We can always improve.)

• What about my style may create obstacles for people?

• What should we work on next?

• What have you seen others do in this situation?

3. Anonymous Surveys

Once you embrace improvement over the false expectation of perfection, then you become more willing to learn and less likely to punish.

Anonymous surveys can reveal truths that direct feedback might not convey.

In one CFO role, the most nervous I ever felt were the moments before an anonymous survey about me. However, I received a lot of helpful ideas.

4. Objective Measures

Use objective metrics to drive collaborative improvements.

Track and share industry metrics that align with your desired outcomes.

Once, I built a company-wide dashboard to easily view progress and discuss potential risks and opportunities. This feedback across teams increased creativity and lowered risks.

Also, offer people multiple channels for feedback – e.g. quick and longer surveys, group discussions, and 1:1 meetings.

5. Prioritize Ideas

Transform ideas into action with a structured process for prioritization by creating an ongoing method to collect, evaluate, and prioritize ideas.

I’ve facilitated cross-team groups to make changes quickly at a low cost.

The more ideas you implement, the more people will be excited.

Seeking feedback isn't just a strategy, it's a catalyst for innovation, retention, and scalable success. Start today.

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This post was written by me with AI editing. The illustration is generated by AI.

𝗦𝗰𝗮𝗹𝗲: 𝗥𝗲𝗮𝗰𝗵 𝗬𝗼𝘂𝗿 𝗣𝗲𝗮𝗸 lets leaders learn the best methods and practical solutions to scale in just five minutes.