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{"id":4166,"date":"2022-02-18T11:29:00","date_gmt":"2022-02-18T16:29:00","guid":{"rendered":"https:\/\/snapreads.com\/magazine\/?p=4166"},"modified":"2023-05-10T19:00:20","modified_gmt":"2023-05-10T23:00:20","slug":"how-to-approach-solving-most-common-startup-problems","status":"publish","type":"post","link":"https:\/\/snapreads.com\/magazine\/how-to-approach-solving-most-common-startup-problems\/","title":{"rendered":"How to Approach Solving Most Common Startup Problems"},"content":{"rendered":"\n

Uncertainty and inevitably are two common themes in the startup business. When a problem inevitably crops up, we\u2019re still surprised and we\u2019re unsure about what to do. This mostly comes from problems showing up without warning, not knowing which is the best path to take, how to react, or not having the resources to resolve them. Is there a way you can prepare for such scenarios?<\/p>\n\n\n\n

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\"good<\/figure><\/div>\n\n\n
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Good to Great<\/h2>\n\n\n\n

by Jim Collins<\/p>\n\n\n\n

\u23f1 16 minutes reading time<\/p>\n\n\n\n

\ud83c\udfa7 Audio version available<\/p>\n<\/div><\/div>\n\n\n\n

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Get the key ideas on Snapreads<\/a><\/div>\n<\/div>\n\n\n\n

Buy on Amazon<\/a><\/p>\n\n\n\n

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There are over 150 million startups around the world, give or take. Every year, 50 million startups enter the market. Within the first year, 10% of them fail. Failure is also most common during years two through year five with most startups unable to come out on top after facing common hurdlers.<\/p>\n\n\n\n

What\u2019s the first step to approaching solving most common startup problems?<\/p>\n\n\n\n

List all the possible solutions.<\/strong><\/h2>\n\n\n\n

When something crops up, your first instinct may be to panic but always remember that you know more than you think you do. Take a deep breath and list everything you know. You can <\/em>overcome this. A brainstorm is just in your future. Leave a lot of room for creativity. Even if it\u2019s just a couple of solutions you can come up with, write them down. Separate them then into which one is more realistic.<\/p>\n\n\n\n

Evaluate them next. What are each option\u2019s pros and cons? Which one comes out on top? Is there any way to put a number of options together for an ultimate solution?<\/p>\n\n\n\n

Slow Down<\/strong><\/h2>\n\n\n\n

Racing to conclusions, making rash decisions, and not giving the problem the attention it needs is one way to rush a company\u2019s demise. Truly effective problem solving<\/a> takes a lot of attention and care. A solution that\u2019s been made hastily and not given that much care will either A) not solve the problem or B) only temporarily solve it, which is just as effective as not solving it at all.<\/p>\n\n\n\n

You need to slow down. A healthy, memorable way to pace yourself is to think of a problem like a bump or a curve in the road. Do you go at it at full speed and head-on? Or do you slow down and do what\u2019s best to keep your car in top shape?<\/p>\n\n\n\n

A lot of problems and their solutions, especially in startups, don\u2019t strictly adhere to a linear line. Sometimes, you have to go back to an earlier step; sometimes, things pop up that didn\u2019t before, etc.<\/p>\n\n\n\n

Slowing down, being careful, and giving the problem the attention it needs can be done by one person, or if the decision is particularly difficult, consulting several people or a group can make all the difference. The more difficult a problem, the more necessary it is to be more disciplined in how you go about it.<\/p>\n\n\n\n

Communication is key<\/strong><\/h2>\n\n\n\n

Whether it\u2019s your first startup or not, a new startup overall can mean a new team that has to figure out how to work together, how to be the most productive, and not to step on anyone\u2019s toes. Even in the best companies, communication between members of a team can be a challenge.<\/p>\n\n\n\n

That\u2019s why one of the <\/em>keys, the best tricks, to approaching a problem is to have an ironclad communication system with your team. It directly contributed to your business\u2019 success. Communication efficiency varies from team to team. Some do well under regular meetings. Others prefer online chat rooms. That way, it\u2019s easy to contact each other, share and send files, and get the word out.<\/p>\n\n\n\n

Manage Your Time<\/strong><\/h2>\n\n\n\n

Did you know that one of the biggest issues that entrepreneurs face is actually poor time management? And that doesn\u2019t just apply to how many hours they work or how many hours they sleep. That, too, applies to problem-solving.<\/p>\n\n\n\n

It happens; a startup is faced with more problems than they have the time or resources to properly solve in a way they\u2019re familiar with. Of course, most would try to solve all of these problems all at once. In hindsight, this probably looked efficient or productive, but the results say otherwise. The less you manage your time, the more you try to tackle, the more you spread yourself too thin; the weaker your solutions are. In the meantime, precious time that could be spent on more beneficial work is wasted.<\/p>\n\n\n\n

So what\u2019s the solution? How to approach this seemingly insurmountable hurdle? You can\u2019t just ignore one problem in favor of another, right?<\/p>\n\n\n\n

Well, actually, it depends. A big part of being an entrepreneur is seeing what the most efficient things are and what aren\u2019t. What is truly urgent? And what can be delayed until tomorrow? Is there someone that can help take the load off?<\/p>\n\n\n\n

Don\u2019t Be a Jack of All Trades<\/strong><\/h2>\n\n\n\n

Speaking of someone that can help take a little of the stress load off, one way to approach solving most common startup problems involves what not <\/em>to do, and it\u2019s trying to be a jack of all trades. Don\u2019t forget that the saying states \u201cJack of all trades, master of none<\/em>.\u201d<\/p>\n\n\n\n

A lot of CEOs warn that after experience, spreading themselves too thin, dealing with busy work and the more administrative type tasks greatly damaged their problem-solving abilities. An entrepreneur knows that their time is significant, and it shouldn\u2019t be largely overtaken by busy work or smaller tasks; not when bigger issues are rising elsewhere. You\u2019ll later see that your productivity will even dramatically increase once you get the handle of delegating those tasks or outsourcing them.<\/p>\n\n\n\n

Another plus delegating offers is the indispensable advice that another expert can offer you. You never know; maybe they could be the ones to help you overcome the problem your startup faces. Stop trying to do everything on your own. A helping hand makes all the difference.<\/p>\n\n\n\n

Plan Ahead<\/strong><\/h2>\n\n\n\n

You would think that most challenges your startup may face are unexpected ones, but you would be surprised to hear that you can have contingencies in plan so that you won\u2019t be so caught off guard. Plan ahead as much as possible. Cover your bases: sales, funding, developing, et cetera, from the get-go.<\/p>\n\n\n\n

These worst case strategies shouldn\u2019t be an afterthought. Of course, you can\u2019t prepare your startup for every scenario, but you can <\/em>prepare yourself for what you\u2019re going to have to do if push comes to shove. As they say, \u201cif you fail to prepare, prepare to fail.\u201d<\/p>\n\n\n\n

Take an Analytical Approach<\/strong><\/h2>\n\n\n\n

When in doubt, going for an analytical problem solving approach will rarely lead you astray. What analytical problem solving methods do is dive into the details of a problem. They then are able to examine all components and evaluate them, determine what\u2019s missing, and prepare ahead for the next steps. Analytical thinkers are more confident in their problem solving, and that is because they know their decisions are supported by careful planning and thoughts. True, their decision may not move quickly, but they\u2019re the most effective.<\/p>\n\n\n\n

SCAMPER<\/strong><\/h2>\n\n\n\n

SCAMPER is an acronym. It stands for substitute, combine, adapt, modify, put to another use, eliminate and reverse. It\u2019s a collection of techniques introduced by Bob Eberle. And you can choose to use just one of the seven techniques or employ all seven to solve a problem concerning a product or service.<\/p>\n\n\n\n

The first is \u201csubstitute,\u201d and it encourages entrepreneurs towards looking deeper into the problem. If it\u2019s something wrong with a product or service, consider substituting it for something else.<\/p>\n\n\n\n

Next is \u201ccombine.\u201d Ask yourself if you could improve this problem by combining it with another service or product. Or could you combine several solutions together to come up with the ultimate one?<\/p>\n\n\n\n

\u201cAdapt.\u201d Could this problem be solved if you adapted your product\/service to another audience?<\/p>\n\n\n\n

Then \u201cmodify.\u201d Which features could be more beneficial if you modify them?<\/p>\n\n\n\n

\u201cPut to another use.\u201d Could your product be put to another, better use?<\/p>\n\n\n\n

\u201cEliminate.\u201d What are some features that you can eliminate that will ultimately improve the product?<\/p>\n\n\n\n

Lastly, you want to think about \u201creverse.\u201d This is where you consider reversing or rearranging your technique and changing the order of your production line\u2019s process.<\/p>\n\n\n\n

Employ the 5 Whys<\/strong><\/h2>\n\n\n\n

Next, we have another sound technique: the five whys.<\/p>\n\n\n\n

The 5 Whys technique aims at helping you get to the bottom, to the root of a complex.<\/p>\n\n\n\n

First, ask yourself why <\/em>this problem occurred. And then continue down that same line of thought. What you want is to ask yourself \u201cwhy\u201d a total of five times. You\u2019ll find yourself closer and closer to the root of the problem with each question.<\/p>\n\n\n\n

The Means-End Analysis<\/strong><\/h2>\n\n\n\n

Finally, utilize the means-end analysis to surmount any problem and keep your head up high. A lot of time, especially after facing one problem after another, we forget what we originally hoped to accomplish and business becomes more about just surviving instead of the vision you once had.<\/p>\n\n\n\n

The means-end analysis alters the focus. It shifts it from the problem, which you may be feeling overwhelmed from, and guides it to the end goal that you want to accomplish. <\/p>\n\n\n\n

You want to envision your goal and work backwards from there. Identify all the hurdles and obstacles that are blocking your path. Then one at a time, figure out the solution to each. The means-end analysis breaks bigger problems into smaller, manageable obstacles. And when you have that end goal in mind, it can further push your decision-making skills<\/p>\n\n\n\n

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What Is Snapreads?<\/strong><\/h2>\n\n\n\n
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With the Snapreads app, you get the key insights from the best nonfiction books in minutes, not hours or days. Our experts transform these books into quick, memorable, easy-to-understand insights you can read when you have the time or listen to them on the go.<\/p>\n\n\n\n

Start Your Free Trial<\/a><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Uncertainty and inevitably are two common themes in the startup business. 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