Barnes also advises to take a step back and think pragmatically and try to avoid emotional reactions.“They do case studies and creating a solution to a consumer or a client’s problem, but in doing that they also need to work out how to run their own business and how to fix their own problems internally.”Alexandra Tselios is the Founder and CEO of The Big Smoke, a consumer news and opinion platform and digital content agency.
She describes herself as a “passionate problem solver” and recognises that her business model needs to be continually evolving to remain competitive, to keep her team happy and give clients results.
When they solve the problem, they exit the stage triumphant.
And companies that survive, do so because the problem they exist to solve (their purpose or mission) is so big that there is still work to do.
Since the 1950s we have been judging companies by their longevity.
We fret over how long they stay on the Fortune 500 list, maintain a leadership position, or survive “disruptions.”But does longevity even matter anymore?Problem-solving is critical to small business in two ways, says business strategist Stephen Barnes from Byronvale Advisors.Firstly, you need to ensure that your operation adequately solves a problem that your customers have, and you are able to find ways to fix issues or troubleshoot challenges within your own business.Fallon credits Curemark’s success to “getting great advice” and surrounding herself with great advisors and talent.Many biotech companies assume the FDA follows strict rules.Think about your marketing, sales, production, human capital, operations, finances, etc.Choosing a doctor, attorney, PR agent, or most types of talent places you in the dilemma of not being able to assess what you’re “buying” until it is too late to switch.Problem-solving – it’s a critical skill to have if you’re going to be a leader, an innovator, a game-changer.Some of today’s greatest and successful leaders are dedicated to solving problems – think Elon Musk, Richard Branson and Holly Ransom.She completed a course in Russian literature as well as an MBA and says her decision to embrace learning was a door-opener for her business.Further study offered her disciplines and phraseology to compete in her market, collaborate with other business leaders and understand how to manage the back-of-house.