In today’s world of euphemisms, we talk about challenges. In the real world, what
you may sometimes find are problems. Problems that need to be solved. As an entrepreneur,
you are chief problem solver. You have the vision, dedication and determination to make
the business work. When there is an obstacle, you remove it. You see beyond the
distractions, impediments and yes the problems—to move forward, you solve problems.
Your solutions mean success and profits.
We all have to deal with challenges. Handle problems in a rational and logical way.
Think your way out of the box. First try to anticipate problems before they occur. Develop
a plan to handle a few critical issues that could be disruptive to the business. By
mapping out a solution plan, you can quickly move from a problem occurred let’s
analyze it—to here’s the plan for solving the problem, let’s get to work.
Recognizing a business challenge early is the first step to removing a success roadblock.
Many challenges can be faced before they grow into problems, which require attention in a
crisis.
Identify new and existing problems. Gather information about potential issues.
Determine elements of the problem, possible causes and effects. Evaluate the significance
of the issue. Frame solutions to match the level and complexity of the problem. Develop a
list of possible solutions. Make a list of possible solutions both your own and those of
employees or your trusted advisors. After you have the list of solutions, eliminate those
that are not feasible and arrive at the most logical and effective solution for the
situation.
Without a plan of action—well thought out and executive—your effort will be
wasted. You don’t have time for wasted effort. Be proactive and look for ways to
prepare for the unexpected. You can’t address every business contingency, but you can
identify your top 10 concerns or business issues, which is where you focus your efforts.
A number of potential problems can be avoided simply by creating a written business
plan. A business plan outlines your business and financial goals for the year and maps out
how you plan to achieve those goals. The plan can contain an appendix for you and your
management team. That appendix may focus on a few issues of concern and planned responses
for what would otherwise be unexpected events.
If you would like to discuss problem solving, issue identification or business plan
development, contact the SCORE Association (Service Corps of Retired Executives). SCORE is
a nonprofit association dedicated to the growth and success of small business. More than
12,000 volunteer, business counselors donate their time to assist entrepreneurs. For a
referral to the SCORE chapter nearest you, call 1 (800) 634-0245.
