Criticism & Learning How To Deal With It

One thing that is a certain in life, along with those old favourites, death and taxes, is criticism! CEO’s and entrepreneurs are likely to be in for criticism picmore than their fare share of it too, so it is paramount that you learn how to deal with it effectively if you want to succeed.
For me, the first step towards effectively dealing with criticism is the identification process. There are many different types of criticism and these in turn demand different reactions. In some instances, criticism that comes your way is no more than sour grapes, jealousy or bitterness. This type of criticism does not require much action, but it is important to identify it and recognise it for what it is so that it does not cause insecurities or in the worst case scenario, mean that you end up making changes to a successful formula. If properly identified, this type of criticism can be useful too however, because you can look at yourself and your business model and understand that you are doing something right!
Another type of criticism is that which comes your way because of a fundamental difference in opinion. I use the example of staff management to illustrate this; some managers encourage staff to work hard for them by means of showing compassion, understanding, leading by example and mutual respect. Other types of managers prefer the means of fear and strict discipline to get the best from their teams. I prefer the first option, but someone who is a hardline believer in the second type of management I described wouldn’t agree and therefore may criticise my methods. Whilst I would listen to their argument in case any valid points were raised, I would not be swayed from my chosen technique as I believe that this is the most effective way of managing people and creates a much healthier, happier working environment for all. Therefore it is important to recognise that some criticism may come your way because of such massive gulfs in philosophy and it is important to see them as this, rather than as a sign that you need to make changes that are probably unnecessary and could be very detrimental to your business.
Then there is constructive criticism coming from those who have your best interests at heart and know what they are talking about. It is incredibly important to be able to listen to people point out flaws in your system without letting it make you feel downhearted or depressed. You should be able to take these points, reflect on them and use them as inspiration and direction to make the kind of changes that will help enable and facilitate your success.

Knowing The Strengths & Weaknesses Of Your Team

Some CEOs may have the financial luxury to be able to employ a huge team of people, all assigned to specific tasks or job roles, but Team Picwith small start-ups, this often isn’t the case. A little group of people are often left to take on and juggle a number of different tasks in order to get the ball rolling or make it all happen.
That small group is relied on to perform their job roles as well as mucking in and helping in other areas like admin or research for example.
If this is the scenario, then it’s really important to know the strengths and weaknesses of your team.
I mean this is important for anyone in any kind of leadership or management role, but particularly in situations where you are expecting your staff to take on roles and responsibilities that may be outside of their pre-existing skill set or previous work experience.
It is also important that your staff know that they can come to you if they feel that they cannot adequately complete these extra tasks or should they require a little bit of extra training or help in the area.
Knowing your team, and knowing them well, is also helpful in the allocating of such tasks as and when they arise. Like for example, if you’ve got an arty-farty one that hates maths, there will be little point asking them to help with statistical analysis, so you are better off giving that to the person who has a natural aptitude for pie charts and the like! If you don’t have anyone in your team that you feel can complete a task without giving themselves a hernia, then you might well be better off getting a freelancer to do it.
The internet is awash with many supremely talented, reasonably priced freelancers that may be able to solve your problem and get that all important work done to the standard you require.
Knowing the strengths and weaknesses of your team makes everything run a lot smoother and also helps your team members feel valued and appreciated.  It’s an integral part of the efficient running of any business, but in my personal experience, it is even more important if you are the CEO of a small startup! 

Knowing When To Ask For Help

Unless you are a very, very lucky individual, for whom all things go right, all of the time, the chances are, if you are an entrepreneur Help Buttonor the CEO of a startup, then there’s going to come a time when you encounter difficulties.
With the minor ones, it is likely that you’ll learn soon enough how to take them in your stride, even if they knock the stuffing out of you the first time they happen, the resourceful amongst us, will figure out what needs doing to rectify the situation and get on with it.
Sometimes however, circumstances will call for a different course of action. Like when the proverbial turd really does hit the fan, the difference between sinking and swimming can be knowing when to ask for help. Though it might be tempting to try and do it all by yourself, sometimes that really isn’t the best option and trying to go it alone, can often be detrimental to your dream of running your own company.
I am being intentionally vague, however this is because something I’ve realised as the CEO of BODO UK, is that major problems can come in all shapes and sizes, some more obvious, like the need to find funding to get your ideas off the ground and others slightly more unexpected.
Ask HelpSometimes it can be as simple as asking a trusted friend to help you when you’ve become bogged down with paperwork. Sure, it’s tempting to try and get through it all yourself, rather than be a burden to someone you care about, but what if you don’t meet that deadline? You’ve got to consider the consequences of what will happen if you do not succeed and really, reaching out for a little bit of help is often a much better scenario.

It’s also important to know when to seek expert advice. Sometimes you might be able to get that for free, if you are lucky enough to be able to make contact with someone who will happily impart their wisdoms out of the goodness of their hearts, but sometimes that won’t be the case and you will have to pay. In scenarios like this, it is worth weighing up your options and looking at what will happen if you proceed without an extensive knowledge of all the facts.
It’s also worth remembering that the internet is your friend. These days, you can pretty much find out anything you need to know with a couple of clicks of your mouse. Even if you are just looking for a place to vent or to read stories about people who have similar experiences, the internet can be the most viable outlet – so don’t forget to pay your Broadband bill!

The Importance Of Finding A Good Manufacturer

There are a lot of pitfalls when it comes to trying to create and market a new and innovative product when you are an entrepreneur or BODO Fan (2) Choice Blogstarting a small business. One thing I’ve learnt as the CEO of BODO UK is how important it is to find the right manufacturer and develop a good working relationship with this company. It’s difficult when you have a vision about the way you want your product to look, feel, smell, taste etc and the reality of what can be done doesn’t always match up to your expectations. It is also easy to be taken advantage of if you do not know your rights or read your contract properly – so always read the small print!
I’m really happy with the manufacturers we have found to create BODO UK’s flagship product, the BODO Sandal, but finding them and establishing a contract that suited both parties was by no means easy. It took a hell of a lot Colour Choices 3of research and then when we found the manufacturers that were right for us, it then took a lot of complicated negotiations, establishing a fee that suited both parties and setting the bar for the impeccable standard we wanted our product to meet.
For budding entrepreneurs out there looking to get their products out there on the market, I would say that the importance of finding the right manufacturer for you is tantamount. I would advise people to take their time, do their research and not be afraid to be firm about what you want and expect the finished product to be like. It might be tempting to be gung-ho and make a deal with the first manufacturer you find, especially when you are really eager to get a product on the shelves, but I can’t stress enough how important it is to explore your options.