0

When Dealing With Negative Feedback: Apologize

Lion hated to apologize for what he thought was another person’s fault. It just wasn’t in his nature to apologize to anyone. Though he knew for the sake of his business he needed to do something. Swallowing his pride, Lion went out to apologize for the mistake made.

Lesson: This lesson is inspired by the Hearpreneur post “Tips for Dealing with the Bad and Ugly of Customer Feedback from Entrepreneurs and Business Owners

0

Social Media can help your business grow

“I don’t tweet and I don’t have any friends on Facebook. That stuff is a waste of time. I’m trying to run a business” roared the Lion. “While all that might be true said the Owl. The reality is that social media is increasingly becoming important in business. Look at how your customers interact and check-in when they come to your restaurant on Foursquare or look at how they post feedback on your competition’s Facebook page. Don’t miss out on the trend.”

Lesson: This tip is from “Why Social Media is a Big Factor for the Growth of Your Business” by Sheine Austria. It is featured on Rescue a CEO. “The trend of today’s business world is being social. Reaching out to your potential market is something that any business owner should strive for. This brings about awareness towards your company, and innovation within your products.”

Image courtesy of jannoon028 / FreeDigitalPhotos.net

0

Decide if you want a business partner or an employeee

In one of the weekly business consultations the Bear scheduled with the Owl, the Bear said “I’m not sure if I should partner with the Lion. He’s a close friend, but I’m just not sure if he’s as committed as I am.” The Bear listened intently and said, “you have to make the decision of whether you want a business partner or an employee. If you are questioning whether your co-founder is going to match your work ethic, but you know he can do well with your finances or sales then maybe you are seeking more of an employee.”

Lesson: This tip is from the guest post “7 Tips on How to Find a Co-Founder for your Venture” by Stephany Zoo of the BUNDSHOP.COM. “On one hand, through the couple of businesses I have helped cofound, I know I could never have done it on my own, as my business partners inspire and motivate me even in the darkest of days.  On the other hand, you will be likely to spend more than 9-5 with this person, as well as splitting your equity and trusting them with your vision.  That is putting a lot of faith into someone else!”

Image courtesy of bandrat / FreeDigitalPhotos.net