Honesty is not just about telling the truth. It's about being real with yourself and others about who you are, what you want and what you need to live your most authentic life. Honesty promotes openness, empowers us and enables us to develop consistency in how we present the facts.
Honesty is not the most important personal trait for entrepreneurs but it still makes it to the top list of qualities that will help startup owners along their way to building successful businesses and recognizable and trustworthy brands.
Most entrepreneurs have strong personal values and these values are the forces that help their businesses to flourish. Respect is essential for business success and to respect someone means to be honest with them.
Being honest in your business will help you to build a better relationship with your customers. As a startup owner, your mission at the moment is to grow your business and your customer network is an essential factor for achieving the desired growth. In the world of great competition, it is important for small business owners to establish an honest relationship with their clients. Be honest with your customers and expect the same from them. Now is the time to ask and appreciate candid customer feedback in order to strengthen your business.
Being honest with your employees will help you to establish a good connection with the people you work with. Being transparent at work will create one more cohesive atmosphere in the office. Be honest when you comment on their work performance and expect the same from them. There is no need for the people who work for you to be afraid to say what they really think. Having their honest opinion and giving them yours can improve the results of your work which is important for the company’s success.
When we talk about winning funding all startup owners and entrepreneurs feel stressed. One of the best ways to overcome the stress from meeting with investors is to be completely honest with them. Knowing your strengths and presenting them to the investors is expected, but pointing out to your weaknesses and problems and presenting your solution plans can increase the trust in your startup and your chances to win funding are more likely to rise. Investors have abundant experience with selecting startups for investment and they are aware that newly created companies have problems. Pretending that everything in your company is going smooth is a red light for investors.
Entrepreneurs must be honest with themselves about everything that is happening in their company. It is important to judge realistically every aspect of the business – from finances through product development to customer relationships. After all Quality is the best Honesty