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There are three main steps in solving business problems: At times, you may be too tightly wound up in your business to notice a problem, especially at the early stages.
To define your decision-making criteria, you need to clarify your priorities.
In the case of the dissatisfied indispensable employee, your decision-making depends on your desired outcome, whether that is keeping the employee on staff, keeping more employees longer term, or saving money by hiring new workers at a ground-level pay scale.
Most problems are complex and must be analyzed from a number of perspectives before solutions can be generated.
However, by following a systematic approach to problem solving, entrepreneurs and their mentors can build a deeper understanding of specific business problems and find solutions that provide the biggest reward with the lowest risk.
Devra Gartenstein founded her first food business in 1987.
Thesis Custom Footer - Business Problems That Need Solving
In 2013 she transformed her most recent venture, a farmers market concession and catering company, into a worker-owned cooperative.A methodical approach based on business problem-solving steps increases the odds of developing long-term solutions that can satisfy management, employees and customers.Following a clearly delineated set of problem-solving strategies can stop you from acting rashly and making decisions that aren't in your best interests or the best interests of your customers or investors.Say you hear through the grapevine that an indispensable employee is dissatisfied and looking for work elsewhere.Before offering that employee higher pay or a more flexible schedule, it's worth looking into whether the problem is unique to this individual employee or are all your workers dissatisfied.If you've given quality thought and attention to identifying and analyzing a problem and then developing possible solutions, you have already laid the groundwork for choosing an optimal solution.No solution is foolproof, but if you use clarity and logic and avoid acting rashly, you're unlikely to do something you regret, and you could even make a wise decision that benefits everyone involved.By spending some time looking at the problem from an open and objective perspective, you will be able to generate a clearer picture of the factors that need to be addressed in the solution. In the left column, list all the factors you can think of.Identify potential solutions that address most or all of the factors.The first solution that comes to mind may not be the best one for your situation.A solution to which you've given considerable thought isn't always the best option either.