5 Great Challenges Businesses Face

1.  Integrity

Absolutely agree this is on top of the list of challenges faced in business.   Integrity and Honesty are qualities that set great companies apart from the rest.  Quality of work goes hand in hand with Integrity.

How do you ensure your team has Integrity?  How do you handle individuals not delivering Integrity?   

Tough challenges and must be dealt with, the sooner the better once discovered.   Lack of Integrity tarnishes your reputation and your brand.

Deliver Integrity and insist upon it across your company.   Lead with Integrity.

2.  Customer Loyalty 

We are very fortunate at AlphaKOR to have an audience following us who are very loyal.   Thank you to all the clients and associates who share their voice so we can keep striving for excellence.   It is with this utmost loyalty we can visualize advanced "early warning signs" to help us stay focused on the right path.  

Customer Loyalty is about building trusting, long-term relationships.  We are Partners with our clientele and provide more than a vendor selling products and services.   Customer Loyalty is about relying on your Team for expertise to solve their challenges.   It also means collaborating with other experts to work together for the client. 

3.  Problem Solving

Trusted relationship building entails listening to problems and providing a plan to solve the problem.  We solve problems both in a reactionary mode as they arise and we provide solutions and plans to avoid and minimize problems in the future.

We collect, analyze and discuss problems faced by companies.  Offering solutions both for short-term and long-term strategies to address and solve the problems shared and uncovered during our process.

How does your Team offer Problem Solving?


4.  The Element of Uncertainty

Experience and expertise help reduce the element of uncertainty.   Let's not forget about our hunches and gut feelings.   Entrepreneurs, leaders and visionaries have these feelings and sometimes it is challenging to follow them.  Stay focus and listen to your customers will increase the element of certainty and success.

Technology adds another level of uncertainty as it changes so rapid and as I like to say "Our business has to change hourly to stay on top of technology".


5.  Competition

Define your competition and set your company apart as the leaders.   Many competitors exist and this is good for the customers and the companies servicing specific sectors.   Good, healthy competition puts pressure on better quality, attention to details and taking care of business.

What are your Top 5 Challenges your Business Faces?

This week' topic was inspired by: http://www.forbes.com/sites/cherylsnappconner/2013/03/04/the-8-great-challenges-every-business-faces-and-how-to-master-them-all/