Category Archive : Business

How To Handle Criticism In Business


Written by Jon Allo

When it comes to business and being a success in business, you’ll have to get use to some form of criticism. After all, the right type of criticism can be very helpful and make you better than you thought you could be.

But, sometimes the wrong type of criticism can actually make things worse so it’s important to understand the different types of critics. You need to know who you should listen to and who you should ignore.

  1. Friendly

People who offer friendly criticism are often your supporters. These people care about you and want you to succeed. They often use criticism to build up the person, not tear them down. They want you to make it in the world and sometimes their ideas are good and sometimes not. You’re more likely to listen to this type of criticism since it comes from known supporters, but remember to ensure that the advice given is fact based.

  1. Indifferent

People who offer indifferent criticism typically don’t really so much care about hurting your feelings as much as they care about bringing about the truth and facts surrounding an issue. They may be natural objectors who simply like being a sounding board to bring out the different aspects of a situation. They aren’t personal at all; they’re objective. It’s important to listen to this type of criticism and also pay attention as before to the facts of the situation.

  1. Hostile

Today, these types of critics are referred to as trolls. This type of criticism has no objective reason, or supportive reason. Instead it is designed to demean, attack, control and undermine. You can recognize this type of critic because they are on attack and trying to tear you down. Oddly, you can still benefit from this type of criticism but mostly these are the people you should ignore.

To evaluate criticism, consider the following:

How true is it? – List out the facts of the situation so that you can determine what is really true.

How can I change it? – If some good points have been made, can you make a change?

Do I care? – If it’s something from a hostile source, do you really care at all what they think?

How can I make this a positive? – Now, how can you take the facts of the criticism and turn it around into a positive?

In each case you should always listen to the criticism with open eyes and ears without being defensive. Each has its own good and bad points, and while you can ignore the person giving the hostile advice due to their rudeness, do listen to what they say so that you can determine if there is any level of truth. After all, regardless of the reason for the critic to give you advice, as long as there is truth you can profit from it.

Being a business owner and entrepreneur can be overwhelming and exhausting. So how do some people seem to thrive and achieve their goals and dreams while others struggle? The answer is mindset. To start taking steps today to embrace a success mindset get a copy of my free checklist, Cultivating A Business Mindset at https://jonallo.com/mindset

Five Reasons Why Entrepreneurial Ventures Fail

How new ventures fail while others succeed is not a matter of fate or luck, but it is caused by the very things that can be controlled. Some entrepreneurs have managed to lead several successful ventures while others failed at the first step. You may have a brilliant idea, but that does not guarantee success. Success is not based on big ideas only but how the concepts are executed. If you want to be a successful entrepreneur, avoid these factors that can make your venture brutal.

1. Lack of focus

Any venture minus focus equals failure. Entrepreneurs focus is the steering wheel that directs your goals and objectives. The focus will help you adjust with the dynamics of business and overcome the challenges that come along with entrepreneurship.

2. Improper planning

Most of the new startups fail due to inadequate preparation. Before venturing in any business, you need to plan your venture very well, or else you end up regretting. Draw your short term goals and grid them on your long-term objectives. The fact is that every strong structure is made out of a plan. Visualize on where you want to go and how to reach there. The rule is simple,” failing to plan planning to fail”.

3. Wrong location

Location is a contributing factor when it comes to your ventures market. Locating your business in the wrong place will reduce customer accessibility. For instance, if you venture in a trade involving fast-moving products, you must locate it in a busy area. The right location also reduces costs associated with long-distance travelled by customers to access your products.

4. Wrong partnerships

As much as entrepreneurship requires teamwork, wrong partners may be a source of failure. As an entrepreneur, scrutinize your circle and cut any link that is discouraging, and inhibiting progress. Toxic partners will only mess you up and reduce your brilliant ideas to nothing.

5. Financial mix-up

Entrepreneurship requires well-managed cash flows. Don’t forget that cash flow and profits are two different things that should not be compromised. The season why beginners fail is because they just get excited by the inflow of cash without negative cash flows awareness. Make sure your business records a positive cash flow or else you will soon become bankrupt.

Four Reasons Why Your Business May be Losing Customers

Formulating an idea is not good enough to make you succeed in entrepreneurship. Technology is changing everything on the face of the earth. Customers’ needs are getting are sophisticated every day as technology advances. Marketing is the catalyst that facilitates product awareness. However, every entrepreneur must know that customers have got tastes and preferences. With every new venture made in the business world, there is a risk of customers switching to unique choices. To get hold of your customers, you need to catch up with the dynamics of technology. Here are four reasons why your business may be losing customers

1. Boredom

Customers get bored with the same product throughout the year. Modifying your product will rejuvenate your customer’s desires. Take advantage of digital marketing to break the boredom. Don’t be a boring master; make your customers miss your service by creating a deep relationship with every customer. Know that customers are not people but personalities. What might excite one customer may bore the other one. Personalize the relationship to fit each customer’s satisfaction.

2. Declining product quality

No customer will sacrifice quality products for loyalty. Despite winning your customers. You need to retain them by upgrading the quality of your products subsequently. Every new venture is trying to win customers, and this presents a risk of customers switching behavior.

3. Lack of differentiation

Customers will always go for unique products in the market. If you sell similar products with your competitors, then you risk losing the market. A distinction is a strategy that is unchallenged in the entrepreneurship field. Product differentiation will mark you different from your competitors.

4. Customer conflict

“Customer is always right” This slogan has stared up the war between entrepreneurs and customers. As an entrepreneur, you must consider how you treat your customers.  After all, customers gave got alternative sources, and they won’t stick where they are unsatisfied. However, this slogan can mislead you. Some customers are just toxic and want to make your venture a social amenity. Critical thinking will help clear the misunderstandings and create a mutual relationship.

Five Ways to Stay Positive as an Entrepreneur

A positive lifestyle is all about optimistic thoughts and taking constructive actions. It means to focus on solutions but not on troubles. The power of positivity can earn you extra miles in life. Positive people live a healthy and happy life since they concentrate on what they want and how to achieve it.

Positivity is more than smiling and showing an unbeatable outlook. It goes far to encompass long-lasting life skills. Staying positive in the current corrupted world may seem impossible. The biggest question is how to stay happy and positive in this world full of troubles, challenges, and misfortunes. The solution to this question is that, you have to concentrate on what satisfies your life.

1. Count your achievements

Rather than regretting how many times you have failed, think of how much you have achieved. You will find thousands of reasons to be happy. Results are life motivating factors that keep us growing.

2. Visualize positively

Your mind is the processor of everything you do. As a man thinks, so he is. It is true to say that what you create in your mind is what you can achieve. Always think big and create heroic personality within you. Create your glory and let things flow the way you plan them. Forget the failure, losses, suffering, and take a positive meditation.

3. Live in the present

One of the drawbacks of a positive lifestyle is dwelling in the past. Let go of yesterday for it will never come back. Take each day the way it dawns and hopes for better tomorrow. The fact remains that we can never change the past, but you can use the present to better the future.

4. Accept what you cannot change

The reason as t why people don’t progress s because of trying to change the world into their conformity. Just the same way we don’t resemble each other our status doesn’t match. Live in your capability and leave the rest of the world alone.

5. Drive your life

You are the director of your life, and no one should alter your life. Plan your life, actualize your vision, and stick to your decisions. Make your happiness your priority.

Seven Attributes of Successful Entrepreneurs

Most entrepreneurs lead a positive lifestyle not because they earn much, but because they find joy in what they do. Regrets happen as a result of trying to justify perfection in doing things. It is not the case with entrepreneurship. Entrepreneurs put attitude in their work and learn from their mistakes. There is no room for complains in the entrepreneurship field since every mistake is a teacher for perfection. If you aspire to be an entrepreneur, then you must develop an unbeatable attitude and make it a lifestyle.

1. Creativity

Creativity enables entrepreneurs to see opportunities where ordinary people see troubles and distress. This attribute allows entrepreneurs to take high risks but profitable ventures.

2. Determination

An inner force drives entrepreneurs. They see defeat as an n opportunity and not a failure. Entrepreneurs are determined to achieve their goals, no matter what comes their way. I f you are willing to venture into entrepreneurship when you must try, try and try and never think of quitting.

3. Extraordinary Passion 

Entrepreneur’s number one characteristic is that they love what they do. That is why there is no one size business in entrepreneurship. Everyone specializes in what they love doing. They make their job a lifestyle. You may wonder why entrepreneurs put extra energy in their work, yet no one is monitoring them. The fact is that they take their job like ordinary life.

4. Discipline

Entrepreneurship is a personal pursuit, and no one is there to monitor what you do. Therefore you need you to be disciplined.  A self-appraisal will help you stick to your goals and objectives.

5. Self-motivation

When you are self-motivated, you push yourself to achieve your goals and objectives. No one is answerable for your failure apart from you. Even if you don’t receive immediate payback, you need to keep moving.

6. Flexibility

Entrepreneurship is not a static business approach. You need to be flexible enough to take move with the dynamics of technology in every field. You also need a flexible mind for complex problem-solving.

7. Take full responsibility

As an entrepreneur, you don’t need to entertain excuses or shift blames when thing turn another way. Take full responsibility for everything you do. County it on you both success and losses.

Five Drivers of Success in Entrepreneurship

Entrepreneurship is a journey. Every day presents an opportunity to learn and to create new ideas. The life of an entrepreneur is craziest. For example; working at weird hours and having fun at work. But what gives entrepreneurs the energy? This question is just answered by the definition of an entrepreneur that is a risk-taker. Quitting is not the means to end problems, but the means to create problems. With that being said, checkout our list of the five drivers of success in entrepreneurship

1. Open mind

Entrepreneurs’ number one driver is an open mind. Therefore, an entrepreneur should be ready to embrace new ideas, to accept the dynamics of technology, and to take his customers views positively.

2. Value your work.

The aim of entrepreneurship is not prioritized on profit-making, but rather on satisfaction. Delivering the best to the customers creates loyalty and long-lasting customer relationship. If you wish to be a great entrepreneur, don’t dwell on becoming rich. Richness automatically comes when you have the right spirit of doing things.

3. Think beyond today

Entrepreneurship is a journey and not a destination. Think beyond what it is today by initiating new ideas. Technology is driving the field of entrepreneurship. Communication technology is developing at a crazy speed. The world is now a small village where information takes seconds to go round the world. Make new techniques for doing things. No one is limited to live in the past or present. You can stretch out and reach far beyond today.

4. Embrace results rather than reasons

What matters for an entrepreneur is delivery. The joy is an entrepreneur should be in the results. No excuse for failure in the entrepreneurship world. Dwelling on reasons will only tell you why you are a failure and should quit. Reasons demoralize and give thousands of excuses as to why you should not take any risk. 

5. Challenge yourself

Entrepreneurship is a personal pursuit, and no one is going to mind your business. Until you challenge yourself, you will always think you have made it. Try new difficult things more so the ones people fear to try. Let your slogan be, “I need a bigger challenge.”