How the best Entrepreneurs tackle complicated situations

Caleena, PracticePlua By October 30, 2019 December 14th, 2023 No Comments
How the best Entrepreneurs tackle complicated situations
Taking the route of entrepreneurship means signing up to become a problem-solver. Inevitably, every company has its fair share of challenges. At first, these challenges present themselves as mountains; complicated and overwhelming. Yet, entrepreneurs are supposed to channel their minds into decoding the algorithm and breaking down these complex problems into solvable bits.

The issue many people, mostly business persons, have is trying to look for complex solutions to the so-called-difficult problems. However, the real answers are straightforward. 

They are simple

The human mind naturally gravitates towards finding solutions to problems. Even though this quality is an essential asset to an entrepreneur, this fact, coupled with the natural biases, our unreliable judgements and other outside influences, could transform a simple problem into a giant one. Yet, once an entrepreneur develops a burning desire to go through the simple path, this decision would have a positive influence on his or her thinking, judgement, perceptions, branding and problem-solving capability.

A Google case study in 2012 regarding the navigation of website visitors through the net, it was discovered that these website visitors rated websites with more simple designs than those with complex ones. Why? The highly-rated sites concisely delivered information. So, you see- sometimes the problems you call difficult are elementary.   

They detect the root cause of the problem 

Never jump into a business without understanding why. This would be the first step you must take in solving your problem. Detecting problems doesn’t necessarily mean knowing about the problem; it entails understanding the origin of the problem and drawing out suitable plans to fix it.
If a customer sends a negative email downgrading your product; you immediately become aware of the fact that there is trouble lurking somewhere- at least the customer said so. However, it takes a whole lot of effort to indeed trace out the root source of the problem. Doing this, you would detect the root cause of the problem. Only then, can you truly find solutions to the challenges you might encounter as an entrepreneur? 

They adapt

In your bid to satisfy your customers and solve any other problem that might arise, so doing, you have to be dynamic. Most times, problems come when its time for a change. Whether it changes in your pattern of approach or change in your business policies, change is constant and eventually, help in solving many problems. 
For instance, take Nokia as a case study. Between 1998 and 2012, Nokia was considered the top cell phone provider in the world. It started as a paper company which underwent a lot of transitions- from papermaking to tire manufacturing, to radio phones production, and finally to cell phone sale- all to meet the rising demands of the customer. If you are willing to sail through the huddles the business world would bring your way, you must be willing to adapt to problems- even when they are unexpected