3 More Tips for Building a Healthy Feedback Culture

Do people in your company often hesitate to give honest feedback? Even worse, are they resistant to honest feedback? If so, then maybe your company’s feedback culture needs a complete overhaul.

But here’s the thing! People don’t dislike feedback. They simply want to feel safe when giving or receiving feedback.

One of the ways to improve your feedback culture is through training. But before you training room rental or classroom rental for a training session, read here some generic tips to building a healthy feedback culture.

1. Give and receive feedback daily

Make feedback a regular activity versus a special occasion in your organization. When your team members give and receive daily feedback, it’s no longer a big deal for them. The idea is to make it feel like usual.

Plus, regular feedback helps eliminate long wait times between ‘work done’ and ‘feedback received.’ That way, it helps your team members to learn and grow fast.

2. Tailor your feedback to suit the recipient

Not every person is equally open to constructive criticism. That is exactly why you need to tailor your feedback to suit different personalities. To that end, your managers need to understand how each member in their team responds to feedback and craft a feedback message for them accordingly.

This is easier said than done. But with a little active listening, you and your team can master the art of giving feedback.

3. Use multiple channels

Different feedback channels exist for a reason. Not everyone will respond well to written feedback. Some may prefer getting feedback one-on-one, while others may feel comfortable receiving feedback as a group.

You can also consider using other feedback channels, such as 360 degrees feedback, anonymous feedback and face-to-face feedback. As a manager or employer, your job is to use a combination of all those feedback channels to encourage your team to give proper feedback, without being a jerk.

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How to Build a Healthy Feedback Culture

Imagine receiving ‘critical’ feedback from your mom or best friend! If anything, it probably won’t make you cringe – right? Now imagine getting the same feedback from some rando. Can you see the difference?

Even good feedback could fall flat for the lack of trust between the giver and the receiver. No wonder, team bonding and mutual respect are critical to building a healthy feedback culture. But how will go about creating a strong feedback culture in your company? Here are some practical tips.

1. Provide training
Often, people would hold back from giving feedback because they are not sure how to craft a message that won’t offend the recipient. On the other hand, the recipient should know how to appreciate constructive feedback. Otherwise, they may end up giving a wrong message to the feedback giver.

In either case, a little training can go a long way to make your team confident about giving or receiving feedback. For instance, you can book training room rental or seminar room rental to train your managers and employees on how to communicate feedback effectively.

2. Lead by example
It’s one thing to preach, it’s another to practice what you preach! As a leader, you need to show your team members that you truly believe in what you say. If you often suggest being open to receiving feedback, then show them how well you receive feedback from your juniors.

Ask for feedback from them. And when someone gives you a good suggestion, incorporate that in your next action.

3. Set clear expectations
Believe in the power of systems. Create a system for giving and receiving feedback. Clearly specify 1) who should give feedback, 2) when they should give feedback, 3) how they should give feedback, 4) what to do if the recipient is resistant to feedback, etc.

When you set clear expectations, people won’t avoid feedback. On the contrary, they’ll know exactly what to do when giving or receiving feedback.

3 More Reasons Entrepreneurs should Attend Conferences

“If it’s not a hell-yeah, it’s a no.” – Derek Silvers
It’s one thing to do something because others are doing it; it’s another to do it with full passion and a clearly-defined why. When it comes to attending conferences, most entrepreneurs do it for the sake of doing it.

But it doesn’t have be that way for you. If you are planning to attend conferences but still not sure why you should do that, here are 3 more reasons you must know.

1. Get inspired
Just as your employees need motivation, so do you! So, what do you do to keep your team motivated? Perhaps, you training room rental or seminar room rental to organize inspiring training sessions for them. Similarly, you too should attend seminars and live events to get inspiration from industry leaders and influencers.

Running a business is challenging! Sometimes, you may feel like quitting. Even worse, you may start doubting your own abilities. In times like this, listening to the story of successful entrepreneurs at a conference or live event could rejuvenate you.

2. Meet like-minded people
You’ll find yourself alone in your pursuit of building a business from the ground up. In the beginning, very few people (if anyone) will buy into your vision. But don’t fret! Most budding entrepreneurs go through that phase at some point in their journey.

A conference is a great place to find like-minded people or people who are going through the same situation as you do. Talking to them should help alleviate your stress and give you encouragement.

3. Learn new skills
An entrepreneur often needs to wear multiple hats. So, knowing a little about everything helps. There is so much to learn for running a business.

For instance, you may be good at face-to-face marketing but not good at online marketing. You may want to learn SEO, web development, copywriting and so on. Attending conferences give you the opportunity to learn new skills from the best people.

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3 Reasons Entrepreneurs should Attend Conferences

For most entrepreneurs, finding time to attend conferences could be challenging! They are already occupied with too many things – from bookkeeping and business decision-making to booking classroom rental or training room rental for employee training sessions.

With so much to tackle, attending conferences for networking and personal growth often take a back seat on their priority list. Part of the reason for it is they don’t see enough value in it. If you are somewhat skeptical about the benefits of attending a conference, here are some points to consider.

1. Pick the expert’s brain
Experts from any industry are super-busy. It is not easy to meet them in person, let alone chatting with them or picking their brain.

But when you meet them at a conference, they are more likely to be in a good mood to help others. That’s a great opportunity for you to spend time with them, asking questions and picking their brain.

2. Improve networking
Networking is critical to the growth of your business. A conference is a great place to meet new people from industry or experts from other industries. You can learn so much simply by talking to them. You may even find a business partner and some important connections for the growth of your business.

3. Understand the big picture of your industry
It’s easy to get caught up in the nitty-gritty of your niche. Over time, you could end up being a stubbornly insular businessman unaware of the industry trends and outlook. However, the consequences of your insularity could be devastating.

If you don’t know the big picture of what’s going on in your industry, your business could be one of the first victims of any major policy changes or any major disruptions for that matter. Attending a conference helps you keep a tab on the wider industry and stay updated and prepared for any major changes ahead.

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3 More Team-building Tips for a Young Entrepreneur

Building a formidable team in the early stage of your business could be challenging for many reasons. You don’t have enough money to lure the top talents. Plus, the top talents usually want to work with established companies. But don’t lose hope. If you are smart entrepreneur, you can still attract and retain the top talents.

Here are some more tips on how to build a strong team as a young entrepreneur.

1. Have an inspiring vision
Firstly, your business should have a vision that speaks to your employees. Understand that the top employees have no lack of job options. If there is one thing that stops them from switching jobs, it’s not money.

It’s your company’s mission, vision and work culture. Secondly, you should establish a great training policy, with a focus on helping your employees learn and grow.

To that end, you can training room rental or classroom rental for your employee training on a regular basis.

2. Foster a learning environment
Don’t get this wrong! No one is stopping you from hiring experts. If you can find and afford experts in a specific domain, go ahead and hire them. No matter how much experience they have gathered over the years, however, they’ll still need to learn. Every business is unique, with its own, unique challenges and strengths.

A good team member should have the openness and flexibility to learn and adapt to your situation, especially during the early days of your business. As a leader, your job is to foster a learning environment in your company. Rather than working in silos, your team members should share ideas, solve each other’s problems, learn and grow.

3. Hire a recruiter
It is tempting to believe that you and your management team are good enough to do the hiring. However, hiring a professional recruiter for the job could be a game changer. Yes, you’ll have to pay them for their service.

But professional recruiters have access to the hidden gems in the industry, thanks to their years of experience and a robust network. They also know the modern techniques of interviewing through psychology tests, stress interviewing, etc.

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How to Build a Strong Team as a Young Entrepreneur

It’s no secret. A good team is paramount for the growth of any business, let alone startups. If you are a young entrepreneur working hard to get your business up and running, you probably know the importance of building a strong team.

The team-building exercise is a continuous process involving steps, such as hiring good talents, training them and firing the bad hires.

So, before you book training room rental or seminar room rental for training your employees, you should know how to choose the right people for your startup. Here are some tips on building a strong startup team.

1. Hire to your weaknesses
One common mistake entrepreneurs make is they try to control and micromanage every aspect of their business. The truth, however, is that no one has every single skill necessary for the growth of their business.

So, the first thing is to identify your strengths and weaknesses. Once you know what you are good at, focus more on those strengths and hire experts who are strong at where you’re weak. Hiring to your weaknesses doesn’t make you look less smart as a leader.

In fact, that is how you can build a diverse and balanced team.

2. Consider soft skills
When hiring your team members, don’t just evaluate their hard skills. You need people who will get along with your current team and bring values to the table in terms of soft qualities like communication and trustworthiness.

3. Build your team for the long-term
It’s easy to get short-sighted in beginning months of your entrepreneurial journey.

But just because your business is a fledgling startup now doesn’t mean it won’t grow large in the future. So, it is always a good idea hire people with the long-term vision in mind.

For instance, envision all the different units that your business could have in the foreseeable future. Now consider hiring people who has the knowledge, skills or potential to lead at least one of those departments.

3 More Ways Entrepreneurs Can Improve Their Networking

“If you don’t understand people, you don’t understand business.” – Simon Sinek

Business is not just about spreadsheets, accounting software, profit and loss. In fact, successful entrepreneurs have one thing in common. They are good at networking. So how will you improve your networking skills? Are there steps you can take to improve your networking skills? The answer is “Yes.” We already shared some ideas in the previous article. Here are some more tips.

1. Organize and attend conferences
When most people hear the term “networking,” they immediately conjure up the image of a conference room with lots of people exchanging ideas or business cards. It’s true. Attending a conference can greatly improve your networking. However, the conference you are attending may not have all the right people you want to network with. If that is the case, then consider organizing your own conference. You can easily training room rental or seminar room rental and host your own conference. Either way, seminars and conferences could the ideal breeding ground for growing your business network.

2. Be Prepared
Just attending or organizing conferences isn’t enough. For successful networking, you should prepare yourself well in advance. For instance, learn to listen to other people’s views rather than simply pushing your ideas onto their face. You should also have your business cards or product samples ready. So, if you get a chance to meet with someone important, you can share your contact details and even show a demo of your product right away.

3. Follow up
Networking at a conference or seminar give you a chance come face-to-face with people from your industry. It is up to you to turn the initial meet-up into a long-term business relationship. Don’t expect everyone to remember you after the event. If you want to keep the relationship alive, you should follow up with them at frequent intervals.

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Ways Entrepreneurs Can Improve Their Networking

You know your business inside out. You have the knowledge and skills of your industry niche. But here’s the thing. Building a successful business is not only about what you know. In fact, it’s more about who you know. That’s exactly why improving your networking skills is critical to the growth of your business.

One way to improve your networking is by attending conferences and events. You can also book training room rental or classroom rental to organize an event and invite influential people from your industry to speak at your event. That way, you can have more control over your networking. So what are some other ways to improve your entrepreneur network? Here are some ideas.

1. Offer value first
If you want to make a real connection with influential people in your industry, start by helping them without asking anything in return. For instance, you can send emails offering helpful advice on how they can increase revenues. At this stage, your only purpose should be to help them win at their business. Once you win their trust, they are most likely to reciprocate.

2. Share tips and advice on social media
In the same breath, you should help your clients and followers via social media platforms like Facebook and LinkedIn. If you can establish yourself as a helpful resource in your circles, it will pay dividends in the long run.

3. Build relationship with local media
Local newspaper or audio-visual media could be a great networking tool for startups and SMBs. With that in mind, it would be a good idea to follow local news and try networking with your favorite reporters. For instance, you can send them the thank-you email for covering an important story in your area. Or perhaps, invite them to your business events and request them to cover the story of your business.

3 More Tips to Conduct Training on Performance Management

Companies that provide training on performance management are more likely to reduce employee turnover, improve employee engagement and productivity. But before you training room rental to train your employees on performance management, you should know what an effective training program should look like. We have already shared some tips in the previous article, but here are 3 more steps to planning an effective training program on performance management.

1. Measure outcomes of your training
What gets measured gets managed. This piece of wisdom from famous American management consultant Peter Drucker holds true for performance management training. if you currently don’t have a system to measure the outcomes of your training program, you are probably wasting your time and money on training. So before you book classroom rental for your next training program, identify the key metrics to measure the outcome of your training. After a successful training session on performance management, your employees should have a clear idea of their job duties, what managers expect from them, and how to give or receive feedback.

2. Involve internal members of your team
Many companies hire outsiders for giving training on performance management. While there’s nothing wrong in inviting outside experts to lecture on the topic, most of the practical ideas for improving performance management should come from within your organization. Your senior managers probably have a better understanding of how performance in managed in your organization. So involve them and let them work collaboratively with outside experts to develop a holistic training program on performance management.

3. Make sure training improves your bottom line
In addition to measuring the qualitative results of your training program on performance management, you should also measure its impact on the company’s bottom line. Training helps your employees and managers learn new skills, but how they use those skills to increase business revenues matter the most. So before you rent training room, make it a point to recognize your expectations in terms KPIs. After the training, measure the ROI to see how the training has helped improve business outcomes.

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How to Conduct Training on Performance Management

Companies often use the phrases “performance management” and “performance appraisal” interchangeably, but there are distinct differences between the two. While performance appraisal is the system for evaluating employees, performance management is the process of managing performance of employees through their entire lifecycle in the company. It includes defining job responsibilities, setting goals, identifying strengths and weakness, measuring performance and rewarding achievements.

Training can definitely help improve performance management in your organization. But before you book training room rental for performance management training, read here some tips on how to plan your training.

1. Make training fun and exciting
Training sessions are notorious for being stereotypical and boring. But it doesn’t have to be that way! If you want to make training more fun and exciting for your employees and managers, think from their perspective. If you were an attendee, would you be excited to take this training? Does the training really provide value to them? Is the training effective or simply a time-waster? Asking these questions should help you identify any possible drawbacks and plan accordingly.

2. Consider the duration
You don’t want to unnecessarily stretch the time period for your training session. At the same time, you want to give your attendees enough time to understand the training material, take notes and ask questions. Decide on the length of your session before you seminar room rental for your performance management training.

3. Update the training material
As your company grows, your performance management strategies should change to suit your current situation. Consequently, you should update your training materials to include the latest information. For instance, if your company is planning to hire more senior-level managers this year, then you should tweak your current training content to make it more relevant and useful for experienced professionals. If you are using the same old materials for years, maybe it’s time to update your training materials now.