Let’s look at gaps from the lens of HOW a business can solve them.
Literally, we work on GAPS. We think you should, too.
We believe that gaps – also called challenges, problems, issues, roadblocks or even headaches – once resolved, can significantly accelerate individual and companywide achievement. We see gaps as impediments to progress, and if removed, good or even great things can happen.
The good news is that some business gaps can be resolved quickly. Others can take more time and resources. Many can be resolved with minimal investment.
What resources do you need to make positive changes in your business? They fall into several broad categories – Expertise, Experience, Time, Objectivity, and, of course, Financial. All are important. Look outside your company if you are missing one or more.
Solving your company’s problems starts with Awareness, by understanding which organizational gaps are limiting individual, team, or even companywide performance.
Sometimes a gap is so commonplace, that it almost goes unnoticed or is assumed as being normal, or as one business owner said to us, “I just came to expect a certain level of complaints from new customers.” Your gaps might be about falling revenues, low margins, a significant spike in customer complaints, employee attrition, the loss of one or more key clients, or a host of other concerns. A few key questions come to mind.
- What is causing the GAP?
- Which GAPS are easily resolved?
- Which GAPS are larger challenges?
- What GAPS are the highest priorities to resolve?
- What internal resources are needed to affect a given change?
If internal resources are missing, rely on external expertise.
As gaps are observed (or periodically), leaders and managers in your company should be asking these questions. In some instances, it may be important to get feedback from external stakeholders, including vendors and customers. If input is needed from your customers, use external resources to qualitatively interview for increased objectivity. Customers will almost always NOT provide candid answers … if an employee is posing the questions. And shy away from a reliance on surveys. Qualitative interviewing will consistently bring better results.
When the questions are answered, the gaps are typically more clearly defined. Then you can be more strategic, make better decisions, and solve problems holding you back from desired levels of performance.
Again, solving performance-robbing business gaps starts by moving from having limited awareness to having a greater understanding by gathering more information. Then you can plan, and prioritize which processes, systems, and employee behaviors that need to be changed to create opportunities for the outcomes you want.
Working on company gaps is an effective means to accelerate financial strength.