Solutions: Three Types Of Business Owners

Solutions: Three Types Of Business Owners

When it comes to business, and life in general, nothing is perfect. Sometimes, everything seems to come together perfectly, while other times, everything seems to fall apart. As a small business owner or entrepreneur, you will inevitably face adversity. However, it’s the way that you respond to this adversity that will make or break your chances for success.

What type of entrepreneur are you when it comes to problem solving?

At Fundwise Capital, we help entrepreneurs and small business owners across the country to secure the best funding possible. While they are at different places in their journey, they all come to us with the same goal in mind; growing their business. While they all have the same goal, some of them encounter problems along the way. In working with our clients, we’ve found that there are three ways in which individuals typically respond to these hurdles:

Type 1 – The Complainer

When faced with a tough situation, the complainer passes the blame on to other people without accepting responsibilities for the issues facing them. They make excuses, focus on problems and often refuse to participate in solutions. The complainer has difficulty overcoming barriers and often prevents themselves from taking the next step with their business. The complainer has a hard time finding success because they forget to focus on solutions.

Type 2 – The Problem Solver

When faced with a tough situation, the problem-solver owns problems that come their way. They recognize mistakes that may have been made but they take responsibility for those mistakes; regardless of who made them. They hold their employees and, most importantly, themselves accountable. Rather than fixating on the problems at hand, they take a look at the bigger picture and find solutions. The problem solver understands that any obstacle can be turned into an opportunity.

Type 3 – The Reformed Complainer

If you’re a complainer, there is still hope for you. The first step is identifying your negative behavior, owning up to it and being willing to make some changes.

Here are some tips to follow when you find yourself focusing on problems or complaining:

  • When faced with a tough situation, as yourself what led to the problems you’re facing. Determine the factors that are in your control, ask yourself what can be done now to mitigate your problems and what can be done now to prevent these problems from resurfacing down the road.
  • Ask yourself what solutions could have prevented this from happening rather than focusing on every little thing that went wrong.
  • Take a step back from the situation, take a deep breath, look at the bigger picture and work towards a solution.
  • Own up to your own mistakes and hold your employees accountable for theirs, while still taking the time to recognize and reward positive behaviors in you and your employees.

Remember, there are only so many things you can focus on at any given time. Keep your focus on solutions, rather than problems. And remember, it’s never too late to become a reformed complainer!