Billion-Dollar Problems - Business Insider

 

business problems that need solving

Nov 20,  · A never-ending list of business ideas and problems to solve. To solve large problems that are overlooked time and time again. There’s never been a better time to start a new business Author: Paul Graves. Chances are you have several colleagues and friends who work at medium to large-sized companies. If you were to poll them, asking what problems they encounter on a daily basis, you might be shocked by how similar the answers are. There appears to. Aug 15,  · If you can't deliver, you are not in business. Products with a real need are easy to market and you won't have to convince people about the existence of the problem and the need for your product Author: Thomas Oppong.


Problem solving strategies to enhance business performance


As long as consumers have problems, they will always search for solutions. People will always look for better, faster and smarter ways to accomplish everyday tasks. And fortunately for entrepreneurs, there are still lots of rooms for improvements in existing products. That said, the biggest issue for most founders is finding these painful problems and matching them with the best solutions possible.

Focus on building a must have not a nice to have product. Consumers are overwhelmed with the paradox of choice on daily basis. Attention spans are getting shorter in the age of multi-tasking and only few products are getting noticed — with many being a solution for a must not a want. The demand for quicker and faster results make it difficult to fully satisfy the needs of consumers. You need to be doing something different and better to make it in this world, as donsumers expect and demand more than just another product.

Solve real painful problems. Google made search better. Amazon simplified online buying and selling. Netflix solved on-demand streaming media. Uber is trying to make on-demand car service better, business problems that need solving. What can you make smarter or better? Do This. What is the one painful problem you can solve without struggle? To grab your customer's attention, business problems that need solving by solving their needs, wants rarely make the cut.

If your product is not a must-have, you could still find a way to repurpose it to solve a pressing need. If you have been able to identify a crucial problem that you can effectively execute and deliver to market, you will be able to create a real business that matters.

Your business should be your passion. Some entrepreneurs look to solve problems they identify with or feel passionate, business problems that need solving. They choose this path because work because less about work and more about enjoying the journey. You will need all the inspiration, commitment and the perseverance you can get to make it as an entrepreneur, hence business problems that need solving need to start a business you are passionate about.

Coupled with passion, is the ability to execute. If you can't deliver, you are not in business. Products with a real need are easy to market and you won't have to convince people about the existence of the problem and the need for your product because they identify with it, business problems that need solving. You don't want to start a business that may not survive, business problems that need solving.

Do your homework, validate your idea and make sure you have a real market for your idea. Don't just start another business, solve a real problem people actually have to increase your chances of success.

Thomas Oppong. Guest Writer. August 15, 3 min read. Opinions expressed by Entrepreneur contributors are their own. More from Entrepreneur. Terry's digital marketing expertise can help you with campaign planning, execution and optimization and best practices for content marketing. Book Your Session. Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.

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business problems that need solving

 

May 05,  · Entrepreneurs: Here is how you can find problems to solve. Before you start building a company, determine the problem you're solving Entrepreneurs: Here Author: James Paine. Chances are you have several colleagues and friends who work at medium to large-sized companies. If you were to poll them, asking what problems they encounter on a daily basis, you might be shocked by how similar the answers are. There appears to. Aug 15,  · If you can't deliver, you are not in business. Products with a real need are easy to market and you won't have to convince people about the existence of the problem and the need for your product Author: Thomas Oppong.