By Terry Corbell
The Biz Coach
Business Problem Solving Often Means Compartmentalizing
When a businessperson has challenges, it can be overwhelming. If you chat with some businesspeople, they believe they have challenges that no one else has. Because they havenâ€™t experienced the new challenges before or havenâ€™t heard about the problems elsewhere in their industry.
But that doesnâ€™t mean the problems are terminally unique to the personâ€™s industry or business.
If it’s any consolation, no matter what the problem, it’s nothing new. Not to oversimplify, but somebody, somewhere has experienced the same dilemmas.
Thatâ€™s why there are business processes and problem-solving approaches. So part of the solution is to compartmentalize the problems.
Compartmentalizing is a simple process for a businessperson with multiple headaches. A compartment for a problem might be in personnel issues, poor sales or product complaints. So break complex problems down into manageable situations or compartments. In order of priority, tackle issues — first things first.
It’s best to start in the first hour of a business day. On the left side of a page, write the problem. On the right side,Â write the aspects of the problem â€“ including the contributing factors â€“ starting with the major points down to the minor.
What problems do you have?
Compartmentalizing helps in these typical challenges:
Culture issues. In unhealthy companies, itâ€™s possible to read the room â€“ see the problems â€“ usually without even seeing the books to understand the problems and anticipate the appropriate solutions. If a company is lacking in teamwork, morale is poor and profits are weak, chances are a culture change is needed. Changing a culture is a monumental chore. Six steps are required to implement a cultural change for profits.
Financials. Of course, it is important toÂ get toÂ the financials. That includesÂ having a grasp on the costs or knowing how to determine the crucial break-even point. Or, the problems lie either in pricing or in an undiscovered embezzlement.
Human resources. Â Other internal challenges affecting the control of costs involve personnel and operations. The problems can be widespread â€“ from a lack of employee empowerment to a lack of employee respect for leadership. Others include the link between financial performance and succession planning, and risk management.
Manufacturing. It might be a manufacturer isnâ€™t up-to-date on developing trends and solutions for manufacturing success. Many businesses love cutting waste and costs for profits by using lean manufacturing principles, but many global manufacturers arenâ€™t getting lean results, according to aÂ study of why lean manufacturing principles often donâ€™t work.
Innovation. Some businesses fail to change or recognize when offerings reach their end of product life cycle. The solution is to become an innovator.
Turnaround situations. If problems arenâ€™t solved, a company will face bankruptcy for not implementing a turnaround. For a successful turnaround, new management strategies are vital. Often, 13 steps will suffice for overcoming obstacles. A financial turnaround requires step-by-step solutions.
So donâ€™t get overwhelmed â€“ compartmentalize for profits.
From the Coachâ€™s Corner, here are profit-making marketing and sales tips:
- The Six Secrets of Becoming a Winning Sales Organization
- Profits: How and Why to Align Marketing with Sales
“You don’t drown by falling in the water; you drown by staying there.”
â€” Edwin Louis Cole
Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.