Lessons for Adversity
6. Understand the difference between inside problems and outside problems.
If a problem is with too much overhead, margins that are too low, or poor quality, these are examples of internal problems. If you’re struggling with sales because customers are using different products or a service, this is an example of an outside problem. Inside problems can be fixed quickly and rather inexpensively. Outside problems are a bigger challenge and usually take more time and money to fix.
Task: Do a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. Then divide issues into internal and external issues.