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Why Impact-Focused Entrepreneurs Need to Do Performance Reviews Differently
Hiring doesn’t just mean having employees who are excited about your company’s impact-focused vision. You have to nurture those relationships, like any other relationship, if you want long-term team members who are ready to contribute to your company’s success.
Here are 3 questions to ask yourself before you do a performance review:
1. Have you made your expectations clear? One of the things I see leaders doing over and over, especially if they are new to having employees, is to not make it super clear: this is what I want and this is why the business needs it. It’s a pitfall that even more experienced entrepreneurs fall into. The flipside is getting too detailed, so let your employees find their own way with ‘how’ as much as possible while you focus on providing them with the bigger picture ‘what’.
2. How have you given feedback in the past? Has it been a breeze-by, looks-like-you-know-what-you’re-doing abdication of the responsibility to provide real and valuable feedback? Maybe you’ve been afraid to have these conversations. I sure was when I started my first business. If so, now’s your chance to remedy that.
3. What’s your goal in providing this feedback? Decide what you want to get out of this meeting, for you and for your company.
