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Problems distinguish between success and failure………………

Rose colored glasses are usually worn at the start of a new business venture. In our minds we see exactly how great things are going to be. Unfortunately, somewhere in the not too distant future in the life of our business, problems are going to enter into the picture. How these problems are handled determines if your business will grow or fail.

Problems equate with pain and pain is an unpleasant occurrence that most business owners try to avoid at any cost.  Sometimes procrastination is used with the hope that they will disappear. Others ignore the problems, pretending that they do not exist. Some clients attempt to go around existing problems rather than to suffer through the pain of facing and conquering them.

Benjamin Franklin said, “Those things that hurt, instruct.” Problems should be welcomed as a learning experience. Discipline is the main tool we use to work our way through all problems. Let’s examine some problem solving strategies:

  • Delay Gratification:  in other words, let’s get rid of the pain (problems) so we can enjoy true gratification.
  • Accept Responsibility:  it’s your business and thus problems become yours to solve. Regardless of how or why they occur, it’s your job to tackle them head-on.
  • Acknowledging that a problem exists: see things for what they really are.
  • Integrating problem solving into the rest of your schedule.  The business must keep progressing thus a problem should not bring the whole company to a halt. Learning how to solve problems and still keeping all the  other “business balls” in the air is a trait necessary for growth.

Business problems will continue to grow unless adequate time is devoted to finding a solution. This process involves a step backwards to look at your business instead of working in it with hopes of a problem disappearing. Problem solving requires an honest approach because sometimes the problem is the business owner himself. Accepting help and constructive criticism from an outside coach may be the only solution to a specific problem, and recognizing the need for help is a giant step forward.

Life is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.                      Virginia Satir

Nick J. Petra CFP     Take the first step towards business problem solving by calling us for a confidential session at no charge. Together we can work wonders.




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