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4 Steps to Solving Any Business Problem
Written by Marissa B. on September 27th, 2021

4 Simple Steps.

In an idyllic world, businesses do not have problems and plans always work out. Unfortunately however, anyone that has spent five minutes managing a business knows that even in the best of circumstances, reality does not always go as planned.

Faced with a challenge, an entrepreneur has a variety of solutions to pursue. Despite the many choices, most solutions fall back to two concepts — mindset and skillset. Mindset is of the mind, and skillset is of the hands. Mindset involves the way a person thinks about problems, and their own ability to find a solution. Skillset involves the specialized actions needed to fix problems.

Combining mindset and skillset in four simple steps is the key to solving any business problem.

1. Identify the root of the issue.

Like roots on a plant, problems are often much deeper than the surface level. To find the root of a problem, seek to understand whether it is a mindset problem or a skillset problem. Will fixing the problem require learning a new skill, or does the problem lie in beliefs around one's personal ability to solve it?

The majority of business problems are mindset problems. These occur when entrepreneurs do not believe they are capable of solving problems. Skillset problems happen when entrepreneurs lack the hard or soft skills to solve a problem.

2. Change your mindset.

As the saying goes, you have got to believe it to achieve it. Talented entrepreneurs stifle their progress by measuring themselves based on what they have not been able to do in the past. Limiting beliefs are part of each person's inner dialogue that tells them that a goal is impossible to reach.

That kind of negative thinking will sideline any possibility of fixing the problem. Instead, work to identify limiting beliefs around the problem and fight against them.

Mindset gives people the perseverance to pursue difficult goals. Mindset produces an inner willingness to believe their solution, discover it, and execute it.

3. Find someone to copy.

Imitation is the sincerest form of flattery, and it is an excellent method of fixing problems. Humans have a natural, sometimes destructive, tendency to compare themselves to others. Instead of feeling jealous when observing someone with more abilities, copy the person. Do not stop at copying what the person does. Seek to understand the person's mindset that helped them develop the skill needed to fix the problem.

This could involve taking a colleague out to lunch, reading a book from an expert, or watching an admirable business person from afar.

For example, SYE founder Christopher Wick looked up to Warren Buffett from a young age. As a teenager, Buffett was cashing in on discarded betting tickets at horse races, selling Coca-Cola from door to door, and running a pinball machine business. By the time Christopher Wick was a teenager, it would have been impractical to pursue those exact business ventures.

Instead, he implemented the mindsets behind those ventures in his earliest businesses. In selling discarded betting tickets, Buffett showed that some of the best business ideas come from being ingenious with the resources that others do not see value in.

4. Practice your skill and continue to find areas to improve.

After laying the proper groundwork, the final and most important step in the process is fixing the problem. Once you understand the internal and external factors that have led to the problem, you will be better equipped to fix it.

The work does not stop there. Do not allow new ideas and skills to waste away. The skillset, mindset, or a combination of both that help to fix an individual problem need to become part of your entrepreneurial repertoire. Keep on developing these abilities until they become natural.

Now, let’s apply these steps to a real-life example.

The Problem: This is the end of Rob's first year in business. He owns a plumbing company. Throughout the year, he was haphazard about bookkeeping, which he decided to do himself. He told himself that the books could wait. After all, the business was paying all debtors, keeping up with payroll, and had a constant cashflow. At tax time, Rob realizes some of those financial statements were important. Now, he has to find a way to backtrack and make accurate records.

Step 1: Rob acknowledges that there are both mindset and skillset issues that cause his problem. Since failing a math class, he has always doubted his math skills. This is a limiting belief, but the problem does not stop there. Rob has shied away from tackling the books because he is not proficient with the accounting software he purchased for his company.

Step 2: Rob reminds himself of the new skills he learned to become a successful plumber. Though Rob has always been a shy person, he spread the word about his new business. Rob even remembers that throughout the year he has learned plenty of new skills when it comes to the management of his team. He comes to understand that the past does not define his future. He is capable of learning finances, and he is willing to.

Step 3: Rob decides to reach out for help. His friend Susan does all of the accounting for her business. Although her business is in another industry, he remembers that Susan recently had a tax audit. The auditor found that Susan paid all taxes on time. Susan is worthy of imitating, so Rob asks Susan if he can spend a day in her office to see how she handles finances at her business. Susan agrees. Rob takes plenty of notes, and he even signs up for an online class that Susan recommended.

Step 4: After spending a week taking his class, Rob is confident in his abilities to handle his bookkeeping for the year. He knows exactly where in his bank account and the software to find the numbers he needs. It takes several days to finish the process. Rob vows that he will never get himself into this situation again. He marks a two hour period each week to handle his bookkeeping and use his new skills.

A Final Note

If you want to apply these four steps to your life, consider first mastering your habits and routines. These are a few of the most fundamental skills a business owner can cultivate.

About Say Yes! Enterprises

Say Yes! Enterprises is an investment management company that acquires, builds, and sells companies that benefit shareholders, customers, team members and communities at large.
About Christopher Wick
Investor, 9X Award-Winning Entrepreneur, and 5X Best-Selling Author & Speaker

*Founder/Principal of businesses that have been featured by Huffington Post, ABC, NBC and Wall Street Select*

Christopher Wick is an award-winning entrepreneur who has built, bought and sold various companies relating to social media marketing, e-commerce, real estate, retail and investing.

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Say Yes! Enterprises is an investment management company that acquires, builds, and sells companies that benefit shareholders, customers, team members and communities at large.
Say Yes! Enterprises is an investment management company that acquires, builds, and sells companies that benefit shareholders, customers, team members and communities at large.
CONTACT 
Say Yes! Enterprises
5900 Balcones Drive
STE 100 
Austin, TX 78731
Copyright © 2020 Say Yes! Enterprises | All Rights Reserved. 
Copyright © 2020 Say Yes! Enterprises | All Rights Reserved. 
ABOUT 
ABOUT 
Say Yes! Enterprises is an investment management company that acquires, builds, and sells companies that benefit shareholders, customers, team members and communities at large.
Say Yes! Enterprises is an investment management company that acquires, builds, and sells companies that benefit shareholders, customers, team members and communities at large.
CONTACT 
CONTACT 
Say Yes! Enterprises
5900 Balcones Drive, STE 100, Austin, TX 78731
Say Yes! Enterprises
5900 Balcones Drive, STE 100, Austin, TX 78731
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