Effective communication is crucial for building trust both within and outside a company. It can help to prevent miscommunication, improve team happiness and foster collaboration and trust. Good communication takes practice and gets better with time and effort.

Investors, customers, and employees all deserve a depth of transparency that only those in charge of a business can provide, so regular updates for all parties are a good way to start.

Customers, for example, may have updates via a business’s website in the form of blog posts or a press release, or an email newsletter they can sign up to.

In the case of investors, it could be regular email updates tailored specifically to give them an idea of upcoming plans and knowledge, that will convince them that continuing to invest in your business is an excellent idea.

As for employees, setting up some form of online feedback portal, and staff emails providing updates and responses to feedback can help team members feel appreciated by their company and valued for the work they do.

Full Article: Dynamic Business