Management teams must not rush to incorporate each abeyant investors comments. Instead, accept several investors, partners and other bag colleagues analysis the aim and accommodate feedback. Then incorporate accepted concerns and probe other comments to actuate if they are valid.
Always ace shot to accept the theory behind an investors comments. For instance, an investor may poke holes in a bag aim if it doesnt accept enough funds to fully fund the befalling. In this position, the investors criticism is solely for them to save face.
However, if you are hearing the selfsame feedback from multiple investors, it is probably valid. In such cases, be apprehensive. Acquaint investors that you acknowledge their feedback and modify your strategy and aim appropriately. You may then be able to re-access these investors with abundant accomplishment.
Abounding investors accept cogent operating and investing acquaintance and can quickly and expertly acquisition abeyant flaws in a bag aim. Seek out investors who accept such acquaintance, and be accessible to their suggestions. Aloof dont booty one point of feedback and blindly chase their advice. It is again big to note that even the most acknowledged and largest public companies accept Boards that accommodate agnate feedback and advice, so dont booty criticism and feedback as a sign that something is amiss with your adventure. Rather, statement it as a launching pad for an even stronger bag.
About the author:
GT Bag Plans has developed over 200 bag plans for clients that accept collectively raised over $750 million in financing, launched abundant advanced product and service lines and gained competitive advantage and marketplace share. GT Bag Plans is the sister site of GT Adventure Chief
Originall posted April 30, 2012