Innovation Provides a Path Around Common Problems

   General Article

It’s easy to see why running a business is so stressful. People are constantly confronted with seemingly insurmountable problems. But at the same time, they can see amazing rewards if they could just maneuver their company into the right place and the right time. It’s a frustrating dichotomy which often proves quite frustrating. But people who’ve been in the business world for decades can attest to one seemingly simple fact. There’s almost always a way to strategize your way around any problem.

Of course, it’s impossible to lay out a set business strategy for every possible situation. But this principle is easier to demonstrate by considering a hypothetical example. Industrial manufacturing often seems the least able to swift maneuver into new positions. This makes it an idea example of how one can maximize resources to make up for perceived disadvantages.

In our example we’ll consider a company which has a chance to take part in a new project. The contract sits partially within the companies proven field of expertise. But there’s also a portion of the contract which would require equipment the company doesn’t have access to. In this case it would necessitate use of industrial boilers. Saying that this is a big leap into an uncertain domain would be an understatement. Even fairly inexpensive industrial equipment can prove a significant investment. And a single contract would have no real guarantee of future work within that field.

Most business owners would consider the cost and assume it just wasn’t feasible. But again, the real path to success in business comes from finding a way around seemingly impossible roadblock. In this case the theoretical company would want to consider rental boilers. Of course, there are other possible ways forward as well. If the contract could be extended than it might make the cost of the boilers more feasible. But otherwise, the rental option would ensure things stayed under budget.

Renting would also provide some additional benefits for a company which was venturing into somewhat uncertain territory. Safety concerns are one of the more important examples of secondary rental benefits. When one rents a boiler than he can be assured that it’s maintained under the ASME Boiler and Pressure Vessel Code. Servicing boilers to these standards are probably beyond the scope of anyone who only wanted to use them for a single project or contract.

There are additional benefits to this type of scenario as well. The theoretical business owner could essentially test the waters for future expansion. He’d get a chance to see if there might be profitable ideas which would otherwise lay outside the company’s scope. However, it’s important to remember that this is only one example of how one can think his way around a problem.

In the real world there’s always going to be new opportunities and new challenges. But we’ve seen how someone can maneuver his business into a seemingly impossible position in order to compete for a contract. The specifics of this scenario are less important than the idea behind it. And that idea simply states that there’s always a way to find success in the business world.