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.
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?
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.