How to Solve Entrepreneurial Problems
An entrepreneur is ultimately a problem solver at heart because to start and run a business, you have to first identify a problem in society and come up with a solution that you can then take to the market.
So we can safely assume that problem-solving is inherent to all entrepreneurs.
The paradox arises when our entrepreneurial instincts lead us to believe we can solve all problems in our businesses. This is an unrealistic expectation that can lead to lots of frustrations. Some problems can only be managed, not solved.
If you are a perfectionist or someone that enters entrepreneurship with unrealistic expectations, you need to prepare yourself for the fact that there are certain problems that you will always be managing.
In this episode, Rick and Matt share some examples of problems that can only be managed and how to approach them. Tune in
Key Takeaways.
- An entrepreneur is a problem solver at heart (06:40)
- The paradox of problem-solving (07:24)
- Most problems won't be solved, just managed (08:20)
- Managing your expectations (09:40)
- Major solves in Rick's career (17:03)
- There's nothing that fixes all things (19:32)
- Be very realistic about problems (22:11)
- Don't sweat the small stuff (26:12)
Additional Resources:
- Learn About The Alloy Franchise Opportunity
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