Your business idea needs to solve a problem

[Josemendez]

Many people are on the verge of starting many business just for the sake of having a business ,and most times many start up business fail because of not having a society need the business intend to solve.

Business should be able to solve a need in the society ,or improve towards what is lacking in existing Businesses. This is the key to success in business , especially new ones.

 

[Sammyesx]

You are very correct, so many people have problems and they are looking for solutions to these problems, most are even insecured about these issues, as long as your business is providing solution to a problem, you won't run out of customers

 

[Nurudeen]

Yes I can't agree less with you that a business needs to solve a problem for the entrepreneur or Business owner to make huge amount of profit from the people. One of the mistakes new investors usually make is that they want to sell every thing and go into any business other people are doing but the best way to do this is to offer value.

 

[Damismiling]

Many people are on the verge of starting many business just for the sake of having a business ,and most times many start up business fail because of not having a society need the business intend to solve.

Business should be able to solve a need in the society ,or improve towards what is lacking in existing Businesses. This is the key to success in business , especially new ones.

Awesome 👍 many people needs to understand this, that for people to reckon with your business or business idea, you must be a problem solver, your business ideas must be a solution people need, then you see people rushing to patronize you because you are the solution to their problem

 

[Pirate]

I think this is a very valid point, that's why business plan is very important before starting any business you have to first ask yourself how does this business you're starting benefits to society and people around you. If it does not benefit the people around you in any manner that's your failure sets in and you see your business beginning to crumble.

 

[btaliat]

That's always my point. A business that's created or established for profit motive may not even last long. But when a business is eager to solve a particular problem. There is probability that the business will stay for long if not forever.

 

[Abibatabosede]

This is a point that's very valid because before a business man or woman establish a business he should consider if the business will solve a problem in the society.also business that is established mainly for profit might not last long.

 

[Ojonuyo]

You are absolutely correct, any one starting up a business, should start up with the mindset of solving a problem and making life better and easy through your services. Many businesses today are just out there to exploit citizens and make life difficult, things doesn't work out like that

 

[Osaz96]

You are absolutely right not everyone understands this , if you are looking to make instant profit from whatever business you start up it has to solve a problem if not you’ll get frustrated and you’ll have to wait a while before your business starts to thrive. Look around you and find something that your community lacks and build a business around that and you’ll be happy

 

[WhiteHouse]

That's right.
I think each item/administration needs to take care of a client's apparent issue to truly have an enduring spot on the lookout. Of course, you could deliver an item couple of individuals need, yet then couple of individuals would get it.

 

[Erik4150]

You are absolutely right. The best and most profitable businesses are the ones that are set up to solve a particular problem or meet a need. Business that solves problems have the potential to last much longer and remain relevant than any other business.

 

[giddy]

The most successful businesses are instantly recognizable in many ways: their name and logo, their strapline, their colors, their use of imagery, their tone of voice. All these factors make up their brand. You don’t have to be a large, established company to have a strong brand. By paying attention to all these aspects, you can build a new brand that quickly catches on and gains recognition.

 

[Trojan8]

I think this is absolutely true, you need a product that solves a problem. People would only pay for a service when there's a need for it. In paying for a product, they believe that the product would meet that need. This is the basis tenet of every product.

 

[kayode10]

The golden key to riches and lasting wealth is to look for a need and fill it. That's you have search for problems a large number of people facing and help them to solve it. They will beat them selves up to give you money if you do it right. Henry Ford a saw that middle class needs cars they fit into their financial status. He created a car that fits their budget and "Ford" becomes an household name.

 

[Godleads1]

A business establishment should not just be established because of likeness or having sufficient funds or capital. Business should be designed to procure solution to the insatiable needs of the immediate community.

 

[Gilead]

You're 100% on point. Starting a business should not just be for the sake of bandwagon but for the sake of making profit by providing solutions to problems in your society. Their must be a good and feasible purpose for setting up your business.

 

[maventiger]

@Josemendez The primary aim of setting up a business is to solve a problem either minor or major problems that affect the society by doing that success is guaranteed. As an entrepreneur the solution you're providing should be affordable and also meet the society demands.

 

[Heatman]

Many people are on the verge of starting many business just for the sake of having a business ,and most times many start up business fail because of not having a society need the business intend to solve.

Business should be able to solve a need in the society ,or improve towards what is lacking in existing Businesses. This is the key to success in business , especially new ones.

From my perspective, every business is all about solving a problem for the potential customers. If you are not solving any problems for your business clients, your business will never survive because it will fade away. Take for instance, water company solves the problem of thirst.

 

[eenya001]

I totally agree with you if you want to do a business and wants it sustain for the long run, your business should be able to solve a problem or should be a business that profers solution to an existing or lingering problem of the society, in that way you could make more profit and help life's in the long run.

 

[Damscooguns73]

Concerning creating business that can solve pproblems. Well, I can't agree any less that the main reason for starting any business is to be a solutions to people's basic needs, some business fails because there are so many solution solvers to a particular problem in the community. Try and reason a plan to solve a problem which has not been attended to and make solutions