Customer small business financing solutions delivered through a single, online application.
Loan Types
Free access to multiple funding solutions
See funding solutions from 75+ nationwide lenders with a single application.
Apply for financing, track your business cashflow, and more with a single lendio account.
Home Running A Business 3 Secrets to Creative Problem Solving
The Japanese say, “There are many ways to climb Mt. Fuji.” In other words, there are many ways to accomplish an objective or solve a problem.
Coming up with creative solutions to the challenges small businesses face isn’t always easy, but it sometimes makes all the difference between a successful initiative and a flop. But how do you create an environment where your employees are able to be creative in the way they approach their individual responsibilities?
I think it starts with a look at Mt. Fuji and the many ways to get to the top.
Our V.P. of Marketing at Lendio, Burke Alder, suggested this idea in one of our weekly Marketing Executive Team meetings. Like many teams, when Friday afternoon rolls around we’re winding down and ready for the weekend to start. Burke suggested we initiate what he called a “Think Tank” to give us a break from the day-to-day grind and encourage some creative thinking in a fun and energizing environment. It’s no overstatement to suggest that it’s charged up Friday afternoon with fresh energy and almost immediately started producing positive results throughout the rest of the week.
I think the reason it has been so successful is that it taps into three keys to fostering creative problem solving. I’m the first to admit there’s probably nothing new here. What is refreshing is an organization willing to invest a few hours in this type of exercise on a weekly basis.
Many business leaders talk about the need to foster an environment where people can step up and perform at a higher level, but Alder is facilitating an environment at Lendio where it’s actually happening. What’s more, he’s created an environment where we all realize that there are “many ways to climb Mt. Fuji.” We regularly explore different and unique approaches to marketing challenges.
What are you doing to help your employees creatively solve problems?
Small business evangelist and veteran of over 30 years in the trenches of Main Street business, Ty makes small business financing and trends accessible in common sense language devoid of the jargon.
Subscribe to our weekly newsletter for industry news and business strategies and tips
Subscribe to our weekly newsletter for industry news and business strategies and tips.