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Four Steps to Solving Problems

To be successful in the business world, you must be a “problem-solver,” rather than a “problem-maker.” Although each problem is inherently different from any other, you can get a head-start in the right direction with these four steps:

1. Develop multiple solutions. Consider at least one “backup plan” if your optimal approach cannot or will not work.

2. Weigh the pros and cons for each alternative. Consider all the pertinent factors that might have an impact. Discard the solutions that have numerous downsides.

3. Do a cost analysis for the most promising solutions. Make sure that the ultimate tab—including time as well as money—is less than the cost of the problem itself.

4. Search for the “winning” solution. Adopt the plan that produces the best overall results, taking all perspectives into account.

 

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