Problem Solving Companies

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.Since the 1950s we have been judging companies by their longevity.

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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.

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 says frameworks, theories and models come from formal understandings of what has been done in the past and the ability to critically think those things through.

“Understanding commercial strategies of global companies is important regardless of if they are in your industry or not.

She’s since quit her medical practice and has built a company on her insights.

10 years later, Curemark has raised million, and has completed phase 3 trials with the FDA. Here are her four key lessons to successfully build companies that solve problems that matter.

Thus, she needs to overcome problems with logical thinking and quick reactions.

Tselios says resilience is one of the biggest characteristics of an effective problem-solver.

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