Why entrepreneurs should love bad news

Nobody likes bad news. Whether you’ve just been told that the neighbor kid broke your car window or that your bank account was overdrafted, bad news is, well, bad. That’s no different at work, of course. Nobody likes to admit a mistake – and nobody likes to hear that a mistake was made. However, if you’re the owner of your own company, a leader, or an entrepreneur striking out on your own, you should learn to love bad news.

See, if you don’t hear bad news, you won’t know what to change about your company. Sometimes, there is no conceivable upside to the bad news, but there are unwanted changes that have to be made. Nonetheless, when an employee comes to you with bad news, you need to learn to react positively to it.

By reacting positively even to bad news, you can insure that your employees feel okay about coming to you with bad news. You don’t want your employees to start filtering the truth or spinning the facts when they’re talking to you. If you aren’t made aware of the bad news soon enough, your company will suffer. So, if you want to be able to know what direction to take your company and if you want to know about problems as soon as they arise, you need to make sure that you take bad news in a good way so that your employees see you as being approachable.

(Image via here.)

Can Akdeniz

Can Akdeniz is the author of seven books and founder of Business Hacker, a popular business blog. His books such as Go Nuts, Cool Boss, Happy Company and MBA 2.0 have changed how people think about business, productivity and work.