subject: 6 Steps to Creative Problem Solving when you Own a Dollar Store by:Bob Hamilton [print this page] If you own a dollar store you know there are challenges. Its that way in all businesses. Theres not a day that goes by without a problem or roadblock of some type. Some are so small you can take the time to address them, or just pass them by without much impact. However there are other challenges that not only impact dollar store profits, they can literally close the door to your business if you dont handle them appropriately. In this article I present a process to follow when faced with the big business problems.
Step #1) Take a Step Back. People are often so close to the problems and challenges around them that they either dont see them, or cannot gain a real grasp of the exact nature of the problem and the impact it is having on their business. One of the best ways to avoid this is to simply take a step back and put yourself in a different role. Look at things as if you had been hired to evaluate and fix them.
Step #2) Examine the Situation. Now that you have taken a neutral position, objectively examine the situation. What is happening? Be specific; what is different and has caused you to assume theres a problem? State this in specific terms. For example; our sales have decreased by 10% for the past three weeks. As a result, our dollar store profits are down 40%. Has something changed in your business environment?
Step #3) Understand the Problem. Now its time to start drilling down. If you own a dollar store this is the time where you want to clearly and completely understand exactly what is the problem. How is it being manifested in your business? What are the consequences of having the problem?
Step #4) Look at your options. Generally there are many possible changes that can be made to remedy a problem. Each solution comes with its own costs and benefits. Take the time to really examine your options. Gain a clear understanding of the pros and cons of each before moving any further.
Step #5) Develop an Innovative Solution. With a clear understanding of the problem and potential solution, this is the step where you identify the best solution. If it will take time to implement your solution, look for actions to containment (Minimize) the problem during the implementation phase. In our previous example, with dollar store profits so low, you would want to implement immediate action to reduce the profit impact on your business.
Step #6) Take Action Implement your solution. Failing to take action is a common mistake. Waiting and hoping the problem will go away on its own is rarely the best answer for a major problem when you own a dollar store.
To your dollar store success!
About the author
Learn how you can Start your own Dollar Store Business at http://www.openingadollarstore.com. Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.
welcome to Insurances.net (https://www.insurances.net)
