How Entrepreneurial Problem Solving Can Affect Your Business

Handling the seemingly endless complications, mistakes, and miscalculations that arise in business can play a huge role in whether your venture flourishes or falters. When handled poorly, issues tend to spread — affecting your employees, supporters, and the bottom line. But what if your company benefited from business-related hiccups?

Handling challenges efficiently and effectively builds confidence and increases your chances of success. Here are a few entrepreneurial problem solving skills to help you deal with difficult situations while also learning from them.

Assess the situation

In business, unforeseen issues and mistakes are a given. But how quickly you react to a financial oversight, broken equipment, or disgruntled client, sets the stage for what follows — whether that’s an all-around win or an ugly upset.

When something goes wrong, reacting without thinking my lead to unforeseen consequences in the future. Instead, take a moment to gather your thoughts and consider the issue from all angles.

Clarity and calmness come in handy when you’re faced with any challenge. And displaying admirable qualities shines a positive light on your venture.

Weather the brainstorm

Why not use a mishap as an opportunity to bring heads together? Brainstorming unites a team, sharpens each member’s problem-solving skills, and produces an abundance of possible solutions to a particular problem that you might overlook on your own.

If you do have to resolve an issue using your brain alone, take a little advice from How Design:

  • Talk to family and friends.
  • Ask mentors for suggestions.
  • Borrow ideas from pertinent blogs and books.

At this stage, quantity is more important than quality. Think spontaneously, and jot down even remotely workable ideas that come to mind.

Choose the best course of action

Once the brainstorming session is complete, you may have several solutions to the problem at hand. Narrow down the right answer or combination of answers. Dig deep and look closely at what initially sparked the trouble in question.

For example, consider the common business hurdle of generating a strong, healthy social following. Say, hardly anyone replies or responds to your posts, and only a few folks follow your blog or sign up for your newsletter. In this case, you’d contemplate your current blogging and social media tactics.

You may find that you’re using your website articles and social accounts as blatant advertising platforms, rather than for featuring useful, shareable content and comments. Perhaps you might neglect to follow promoters and peers, or rarely even respond to supporters. Poor social media skills, as Forbes explains, are sometimes why small businesses gain little online attention.

The solution to a “socially awkward” scenario would depend on the root cause, but might include:

  • Finding 30 or so suitable accounts to follow and comment on.

  • Practicing good social media etiquette — sincere, respectful behavior helps small businesses develop a following.

  • Sharing a few of your peers’ posts that relate to your industry.

  • Responding to customer comments as promptly as possible.

  • Using sharing buttons on your website or blog to maximize exposure.

See it through

Whether it’s you, a partner, or a staff member with commendable problem-solving skills, one of you should see each issue through to the end, says Business Insider.

Set a measure for success by enabling Google Analytics on your Business site to gauge the traffic. If you can see actual progress or numbers, at a glance, you know whether your entrepreneurial problem solving skills are improving, or if they need more work.

When you keep the forward momentum going, the possibilities are limitless!


Lorna Hordos

Lorna Hordos is a home-flipping business owner and freelance writer.

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