Academy / BiP-05 / Article

The Art of Feedback

Eric Fung Admin

Dealing with all kinds of feedback, the good, the bad, and everything in between. It's like being the captain of a ship; you need to listen to the crew and passengers to make the journey smooth and enjoyable for everyone. Let's unpack how we can turn all kinds of feedback into gold for our businesses.

Customer or partner feedback is important because it tells you how they feel about your business. You’ll learn what they like about your offer and areas where you can improve.

Without this feedback, you won’t know if you satisfy the people you exist for — your customers. You won’t know if they use your product as intended and even if they want to continue doing business with you.

Cheering On the Good Stuff:

  • Positive feedback? That's like the applause at the end of a show. It feels awesome, right? But it's not just for feeling good. We use it as a secret sauce to make our business even better. When someone loves what we do, we think, "How can we do more of that?" It's about making those great moments happen again and again, not just for a few but for everyone. And guess what? When we share the love with our team, it's like a mega-boost for their spirits. They see their hard work paying off and feel super appreciated. Want to dive deeper into how positive feedback can be a game-changer? Check out this insightful article: Acting on Feedback.

Turning the Tables on Negative Feedback:

  • Now, negative feedback isn't the villain of our story. In fact, it's more like a wise mentor. It shows us where we can get better. There's this cool thing called the "Service Recovery Paradox." It means if we fix a problem well, our customers might end up happier than if nothing went wrong in the first place! So, we take those tough comments as a chance to show just how much we care about making things right. It's all about turning "Oops!" into "Wow!" For more on making the most out of negative feedback, take a peek at this article: 
  • Here is Elon listening to Negative Feedback and Adapting
Video from Youtube by Startup Archive

The Right Way to Talk About the Tough Stuff:

  • Giving feedback is like passing the ball; you've got to do it carefully to make sure it's caught well. When we've got constructive feedback to share, especially the kind that might be a bit hard to hear, we do it in private and with a ton of respect. It's all about making sure we're all feeling safe and supported, ready to grow and get better together. Want to know how to ace giving feedback? 
  • Check this out: Employee Feedback Examples.

What I Really Think 

Bringing everyone into the conversation, celebrating the wins, learning from the losses, and always, always aiming to do better—that's what managing feedback is all about for us. It's turned our business into this incredible shared journey. Every piece of feedback, every comment, and suggestion, is like a step on the path to making something truly amazing together.

And here's what Customer feedback is a valuable asset for businesses, providing insights into what customers like and where improvements can be made. It's crucial for understanding customer needs and enhancing their satisfaction with your products or services. By effectively collecting and acting on customer feedback, companies can foster a stronger connection with their audience, improve their offerings, and even attract new customers.

For more detailed insights on the benefits of customer feedback, you can explore further on HubSpot's link here: https://blog.hubspot.com/service/benefits-of-customer-feedback

So, here's to feedback—the good, the challenging, and everything in between. It's all valuable, and it all helps us grow. 

Got thoughts, ideas, or feedback for us? Let's keep the conversation rolling and turn feedback into our superpower!