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Successful Entrepreneurs Need Negative Feedback


Knowledge@W.P. Carey:

Tom Blondi has been involved with several start-up companies, and he’s learned there are two essential ingredients every successful venture needs.

First, someone needs to come up with a good idea. Second, the founder needs to hear negative feedback about that idea. In fact, the negative feedback may be the more important element in the formula for success.

“Very few of us can create the perfect idea without feedback,” Blondi said. “If you’ve got a great idea and you present it to someone, and they immediately like it with no reservations — it’s not a good idea.”

Entrepreneurs need people who will ask tough, specific questions about how the business will function. Friends and relatives generally are not the best people to act as a sounding board for the company’s founder.

Photo by vancanjay.

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Comments

  • That is so true. Friends and family are always going to be more willing to not put in their full input as they want to be supportive and don’t want to hurt your feeling’s, where a perfect stranger really doesn’t care about either of those, especially if their job is strictly to critizice and critique the product/service. and i believe that negative feedback is a good thing to receive, it lets you know what is wrong with the product/service right off the bat so that it can be fixed immediately and moved on from.

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