Strategically solving problems as a business owner is an invaluable skill guaranteeing long-term success. Some common challenges often contribute to businesses closing within 5-10 years can be avoided or overcome by changing business habits, using a critical approach, and adapting to changes.
Working with a certified business coach as a mentor to guide your business through its current challenges is a practical investment: using professional and behavioral strategies and assessments, we identify the root of business problems and help our clients create concrete action plans to solve them.
If you are experiencing setbacks or decline, you can start gaining momentum again by changing your approach.
Assess Your Business Plan
Are you still running your business according to the mission, purpose, vision, and values recorded in your business plan? Review your progress in following your business plan to determine if you need to take a different approach to running your business more authentically.
Working with an objective professional also provides a transparent assessment to identify where you have succeeded and stagnated: the purpose is to pinpoint behaviors and activities that have been advantageous and detrimental to your growth.
Get to the Root of the Issue
When a problem occurs, it is often the result of complex processes: this makes it difficult to see the root of the issue and how to proceed, resulting in stagnation, added costs, and the building up of human and technological mistakes. It’s essential to break the problem down by its layers to identify its cause and gain the clarity you need.
We teach our clients a proven method to define challenges in basic and simple terms for clarity: this allows clients to start brainstorming now that they understand the real problem.
Be Solution-Oriented
When you have identified the root of the problem, you should define it as clearly as possible to start conceptualizing possible solutions. Write the clearly-defined problem down as a question and then create about 20 solutions.
Make Purposeful Goals
Creating goals is an underrated skill: it takes an analytical perspective and a strategic approach to determine what actions and changes get results. We teach our clients the SMART method:
- Specific – your goal should be clear and concise.
- Measurable – your goal must be quantifiable and benchmark your progress.
- Aligned – your goal should be in alignment with your values.
- Realistic – your goal should be tangible.
- Timebound – you should have a deadline to reach your goal to maintain accountability and track your progress.
Prioritize and Manage Time Effectively
Improving your prioritization and time management skills help you get essential work done without working overtime – making you and your team more productive without working overtime and sacrificing your personal life.
Are you ready to learn specific productive behavioral strategies to transform how you get your business out of a bind? You can book a consultation with us today.
