3 Ways to Reframe Any Problem

Profit First Coach

Over the past few months I've focused a lot of time and energy in problem solving.

I've learned in business (and life in general), the obvious solutions aren't always the right ones. But as I've dug deeper, I've discovered that the obvious problems aren't always the right ones.

(Check out What's Your Problem? by Thomas Wedell Wedellsborg)

In order to solve the right problems, we need to ask the right questions. Here are 3 ways for you to approach your next problem:

1. Go beyond your expertise. If you read my blog a couple of weeks ago, you know that we are often too close to a problem to see the big picture. Collaborating with other leaders in your business is helpful, but often times they are too close to it, too.

Seek counsel outside of your industry. If you are connected with other business owners, take it to them for a brainstorm session. Bring in a coach or consultant to help unpack it. The beauty is they don't need to know your industry. In fact, you don't want them to know much about your industry. This allows them to disconnect and see things from an outside perspective.

Bringing in employees that work in the day-to-day operations can sometimes bring great insights, too.

Profit First Coach

2. Look to prior events. Go back into your history and see if there has been a trend. Has this problem risen before? How did you solve it? Did the problem rise as a direct result of solving another problem? Have you solved similar problems?

Take what's worked, and what hasn't, and see where it fits with your current problem.

3. Look for hidden influences. Are there things influencing the problem? It's easy for all of our attention to go to the obvious issue. But take a step back and see if anything else is present.

I had a client not long ago dealing with past due accounts. He'd been wracking his brain trying to improve their collections process. While things had gotten better, they still had more past due invoices than they wanted.

After digging, we concluded that their onboarding process was influencing the problem. Simply put, expectations for payment weren't clear when a new client signed up. By clearly setting terms, due dates, and incentives to pay early, they were able to reduce the number of past due invoices.

Put these into practice and let me know how it goes. If you don't have someone in your corner guiding these conversations, you need someone. Click here to schedule a free coaching session.

Most business owners struggle with managing their money, resulting in smaller paychecks for themselves. At Craig Dacy Financial Coaching, we help make managing your money simple. That way you can easily run a business that pays you more. Schedule your free coaching session now.

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