The Entrepreneur’s Bucket List (American Express Open Forum)

Aim to achieve these 10 things before you retire and you can call yourself a true entrepreneur.

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A bucket list for entrepreneurs! This is a post I had to share! I just added some of the items to my bucket list. (Five items I can already check off.) My favorites are:

2. Sell a business. When someone else pays money for a company that an entrepreneur built, there is a huge sense of pride. Creating something of value for customers is one thing, but when a larger company wants to “buy” what they created, that feeling is in an entirely different league.

3. Take a company public. While this is not for every entrepreneur, the “road show” experience for investors and the first day of public trading is not to be missed. Ringing the bell on the stock exchange will be something that will be remembered forever.

8. Write a book. While most entrepreneurs will never get rich publishing a book, it can be very rewarding. It can solidify what has been accomplished and leave a lasting personal legacy.

See the full list here.

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The 8 Rules of Effective Feedback (Psychology Today)

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Good wisdom lasts forever. I posted this on one of my old blogs in 2011. It applies today as much as it did then . . .

From “How to Take Feedback” by Karen Wright

Psychology Today Magazine, March/April 2011

  1. Always lead with questions: How do you think you’re doing? It gives the recipient joint ownership of the problem and helps him feel included, not excluded.
  2. Never give criticism unless it’s been invited; unsolicited negative feedback only provokes annoyance and will be discounted.
  3. Make sure you are seen as having the authority to give corrective feedback. Criticism from those perceived as peers or unqualified to give it incites resistance and rebellion.
  4. Distinguish whether a demand for change reflects your needs or is a valid critique of how someone is doing something. Know when “You’re too demanding” really means “I wish I felt more accepted.”
  5. Never give feedback when you’re angry; anger alienates the listener. Expressing disappointment is more productive.
  6. Know who you’re talking to. Narcissists take any criticism as a personal attack; the insecure lose all self-esteem.
  7. Know yourself, too. If you’re relatively insensitive to criticism, curb the tendency to be heavy-handed when delivering it, says Cacioppo, who counts himself among the less sensitive.
  8. Expect defensiveness as a first response to criticism; a change in performance may come later.

Please read the full article here.

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