Sure, curmudgeons are good in theory, but can critics improve a company? I figured it was an idea worth exploring. Here’s what seven entrepreneurs learned from their biggest critics. Share your insights from grumps in the comments.
Procrastination is worse than making a mistake I had a Board member who was a critic but a constructive one. A situation occurred where I delayed a decision and it resulted in a delay which was detrimental to the company. The Board member was aware of it, took me aside and pointed out my procrastination and the negative impact it had on the company. I knew I was procrastinating at the time and perhaps it was the fear of making the wrong decision. After thinking long and hard about past situations like these I have evolved my thought process in order to not procrastinate, to be more decisive, not fear mistakes and to take risks where appropriate. Prompt decisions, based on the best information at the time, even though they may be wrong, lead to innovation and forward progress. This discipline has helped my subsequent businesses in terms of making better decisions faster, preserving cash and getting quality products to market sooner. It should also be noted that concurrent with the above, good planning, implementation and execution is critical. Peter DeComo is the CEO of ALung Technologies, a medical device company that’s developed an artificial lung
To read the original article: What did you learn from your biggest critic? 7 entrepreneurs share their experiences | MedCity News
