Problem Solving and Learning From Small Business Mistakes


As a small beading business owner, you will likely face a series of problems in the initial stages of starting your company. Although this might cause you to panic, there are several reasons not to do so. First, everyone faces issues throughout the business-growing process--even the most experienced entrepreneurs are forced to handle problems from time to time. Second, just because you have an issue on hand doesn't mean it means failure for your small beading business. With the proper strategy and creative thinking, you can overcome problems and become a more seasoned entrepreneur in the process.

Even the beading industry involves learning from mistakes.

When approached with an issue, the first thing to do is not to panic. It can be easy to get anxious upon being faced with a big task, but maintaining a positive attitude is the first step toward developing a solution. Once you have cleared your head and regained your focus, you must be willing to dissect the problem for what it is. Oftentimes, an issue will seem larger than it really is and seemingly impossible to solve. However, honing in on the fine details can help you get on the right track toward coming up with an answer.

Determining what the real problem is will also help you make sure you are working on a viable solution. Misinterpreting an issue may prompt you to take unnecessary, inappropriate action. Upon doing so, you may turn the problem into a bigger issue than it really is. Taking the time to examine all aspects of the issue can prevent this from happening.

Next, it is important to not attempt to place blame on anyone or anything for the occurrence. The fact of the matter is that the problem now exists, regardless of who or what caused it. The following step should be to work towards a solution rather than wasting time trying to figure out where the issue began. Once you have taken responsibility for the problem, you can begin effectively assuming the responsibility to create an answer.

After you have defined the issue, you can start devising potential solutions. Don't be afraid to ask for help. Entrepreneur.com recommends looking to your staff members or personal assistants for additional input as to how to tackle the issue. Oftentimes, a brainstorming session can cut the amount of time it takes for you to develop a solution in half.

Don't focus on creating an end-all, be-all answer to the problem at hand. It is not uncommon for more than one solution to work for a single problem. For this reason, it is important for you to prioritize the options you have available to you. Although all of them may work, some possible solutions may benefit you more in the future than others.

Once you have narrowed down your options, you can begin to determine which answer would be best to solve your problem. Next, it is important that you create a timeline for your potential solution. Set a date that you would idealistically like to solve the problem by in order to motivate yourself along the way. Don't be afraid to set benchmarks as well to determine if you have made progress in reaching your goal.

Problems are bound to come up in the small beading business industry. However, it is important to look at these as challenges that are worth overcoming rather than problems that may sink your business. Even if you make a mistake along the way, you will grow and learn as an entrepreneur.

There are a few ways that you can become a more efficient problem solver as you gain more experience in the industry. First, understand the difference between critical thinking and problem solving. Although they may seem the same, critical thinking is more reserved for immediate issues. Problem solving involves routine brainstorming and working toward an answer for a long-term issue.

Another factor that goes into making an individual an efficient problem solver is their ability to execute a solution properly. Two things need to be considered when developing a solution to an issue: time and money. If an entrepreneur cannot carry out a solution with these constraints in mind, they will likely find difficulty maintaining their finances and business operations.

Efficient problem solvers also typically put aside the time to brainstorm and think outside of the box before executing a plan. It is important to gauge all of the options available before going through with a single idea.

Although it may seem difficult to come up with all of the answers to potential problems, all entrepreneurs are faced with these issues at one point or another. The best part of these issues is the opportunity to grow and learn from mistakes as your company becomes an industry leader. 


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