to solve business problems with confidence

5 easy ways

What is a business problem?

A business problem may vary from finance to staff to raw materials to labour to managerial incompetency to growth to outside threats.

The "risk" part of the entrepreneurship definition is what brings us to problem solving.

A confident entrepreneur is never afraid of handling problems and challenges but takes everything in his stride and finds a solution.

The 6 questions of a problem?

WHY?

WHERE?

WHEN?

HOW?

WHAT?

WHO?

PROBLEM

How to solve a problem – The 5 steps!

The problem solving loop

Image courtesy: everestalexander.wordpress.com

1. Identify the problem

What is the problem is the basic question that one should ask before jumping to any conclusion.

Very often blunders happen due to wrong assessment of problems. An entrepreneur should be smart and confident while taking decisions.

Image courtesy: biotuesdays.com

2. Explore information and create ideas

It is very important that a thorough check is done and different ways of tackling the problem are decided.

Always think of alternative solutions.

Image courtesy: www.mindmapinspiration.com

3. Select the best idea

After analysing the pros and cons of each solution, choose the best option!

Image courtesy: www.cut-e.com.au

4. Build and test the idea

Once the best option is chosen, make sure that you test it before making the big decision.

Image courtesy: www.procto.biz

5. Evaluate the results

Problem solving is not complete without evaluating the results. Learn from mistakes and highlight achievements.

Image courtesy: startacus.net

Now, be confident and inspire people!

Mara Foundation’s AmbitionWe enable, inspire and empower ambitious entrepreneurs in Africa. With the support of our Mara Mentors we will:

Inspire millions of young people in Africa to become entrepreneurs.

Teach entrepreneurs new skills.

Enable entrepreneurs to turn business ideas into a reality.

Guide business owners to grow businesses and hire (more) employees.Empower entrepreneurs by providing a platform to showcase their business and build their network.

THANK YOU

Website: mentor.mara.com

App: iTunes, Blackberry, Android, and Nokia.

Customer Support: support@mentor.mara.com

Mara Foundation is supported by a number of partners, including: