As we continue our series of making 2017 the year of common sense, the theme in this blog is a focus on problems.

Every business encounters problems and every problem costs money. Therefore, when you eliminate a problem, you save money and your business operations become more efficient.

To achieve the aforementioned objectives, you must be willing to tackle problems head on by investigating the cause and then fix the problem. If you only focus on processing problems and not fixing the cause of problems, the same type of problems will occur time and time again.

As you fix the causes of problems, your business processes become more efficient, which in turn, saves money. In addition, in an ever-changing world, the old ways of doing business may no longer be effective. As a result, new problems could occur. Constantly reviewing why problems are happening, is another way of ensuring your business is operating effectively in today's world.

From a personal perspective, fixing a problem is another way of learning to operate your business better. As a problem is fixed, so do you learn something new and become a better business person.

On every level of business, it is just common sense therefore, to find out what causes problems and then fix them. Fixing problems is rewarding financially and for personal growth as a business person.

If you would like to know more about how common sense is a vital part of business success, contact kim@creditmatters.com.au