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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.