All forms of businesses often face certain types of challenges. They try different strategies to overcome those challenges but in the majority of cases, they failed to find any clues. The renowned business success coach, Ameet Parekh suggests a scientific framework to help entrepreneurs resolve these hurdles using minimum efforts. So, without wasting any time, let’s reveal the exact framework to fix any business with minimal effort.
Identify the Nature of the Business Challenge
Ameet explores that despite knowing the fact that they have challenges in the business, entrepreneurs often lack in terms of clarity about the exact nature of the challenge that is stopping the business growth. He further states that while exploring various Ameet Parekh Reviews, he found the following 4 broad categories of business challenges:
- Framework Challenge
Most businesses face issues due to a lack of frameworks to set track and achieve specific goals for a particular business area.
- Tactic Challenge
These types of challenges arise due to a lack of a specific approach to predict and generate certain results periodically.
- People Challenge
People’s challenge is essential of 2 types. (i) having a people capacity issue (ii) having a people capability issue.
- Self Challenge
Ameet defines it as the biggest reason which other the other 3 challenges occur. It arises when business owners themselves become bottlenecks for business growth.
Delegate Execution of Solutions
Ameet explores that he often notices that in small or medium businesses, most entrepreneurs take the responsibility to do everything. They perform different roles on their own like going into the market, generating leads, closing deals, serving the customer etc.
Ameet advises entrepreneurs to acquire knowledge and must know everything but it’s not necessary to do everything on their own. The next step after identifying business challenges is to find people who can help to resolve these challenges. Ameet Parekh suggests entrepreneurs to start looking either within the team or for an outside counsel to help fix the above-mentioned 4 categories of challenges.
In the long run, despite having the capability to know many things about the business, entrepreneurs need to become smart enough to:
- Keep track for the nature of challenges in the business
- Who needs to delegate tasks to resolve challenges by fixing the frameworks or tactics or people or their role as entrepreneurs for the business to truly scal
Use Technology for Effort Reduction
Ameet explores that most entrepreneurs often underutilize the use of technology. Businesses still generate bills physically. They still keep physical records and use human interventions. But the truth is that technology can execute faster to deliver better results. Business owners need to focus on areas where they can apply technological tools to automate various business processes to reduce human efforts. While delving into some Ameet Parekh Reviews, the business coach further explains how technology is available for almost everything that happens in a business.
He explains how businesses can leverage CRM tools for customer management, marketing tools like Hubspot for lead management, Get Response or Knowlarity and many other tools for automating communications.
Build Monitoring Systems to Avoid Repeated Issues
Ameet explores that without creating a strong monitoring system, businesses can never come out of the challenges. Monitoring systems put all the above-mentioned processes into action. It makes people accountable to execute solutions and resolve challenges.
A strong monitoring and reporting system in each department leads to running flawless business operations. It is important for business owners to define these measurement metrics and then delegate tasks to teams to regularly submit these reports. Ameet defines the role of entrepreneurs in the process to keep a track of these reports and making all business functions and internal processes are running smoothly and error-free.
We hope that this simple framework suggested by the leading business success coach will help business owners to fix their business challenges with minimal effort.