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Useful tips for Small Business

General update by IBBZ Accounting on latest tax news, business growth and technology tips.

Why thinking is important in the success of a company growth?

Why thinking is important in the success of a company growth?

Why thinking is important in success of a company growth?

 

Overthinking can be dangerous. However, thinking should be in a manner of critically analysing the subject. It should have the ability to reason and have logical judgements. A critical thinker can easily differentiate between rational thoughts based on careful consideration and emotional thoughts based on personal bias. Critical thinker is an active leaner rather than a passive recipient of information and analyse information objectively before jumping to the conclusion.

How a self-employed person should think for the growth of a business?


1. You should raise vital questions and problems, express them in a clear and precise way.
2. Collect, analyse and assess all necessary information, use multiple ideas for interpretation.
3. Bring logical solutions and conclusions, evaluate with relevant criteria, standards and evidences.
4. Identify assumptions, implications and practical consequences by considering alternative system of thoughts.
5. Once the arguments for and against an issue/problem are structured, they need to be evaluated with an open mind and being creative.
6. In the end, figure out solutions of complex issue/problem and communicates effectively with others.


It helps the business in the following ways


Brings creativity - By implementing creative thinking, employees bring new ideas, analyse them effectively and find interesting ways to solve a problem instead of following any conventional approach to a problem.
Increases performance - Critical thinking allows employees to think and analyse problems in depth, so they make effective decisions leading to increase in their performance.
Saves time, energy and resources - The phrase ‘work smarter, not harder’ is absolutely correct here. As critical thinkers first gather all the available options, priorities the tasks and if something is on fire, then they go with the fastest way to accomplish the goal or solve a problem. By doing so, the chances of errors reduces and time, energy and resources are not wasted in fixing these issues.
Brings team together - Critical thinking can tremendously benefit a diverse workplace. As more people use their brains together, they will come up with multiple solutions. Also, their experience, knowledge and views play an important role in solving a problem. This makes employees more confident to interact with everyone in team.
Increases awareness- Employees can think logically, examine their own & others thoughts, patterns, perspective and feelings in order to make accurate decisions based on facts, not just beliefs and feelings.

 

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