Your business idea needs to solve a problem

[Abbas007]

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.

Yes, your business idea can solve your problems when you handle your business idea properly. There is no doubt that only good ideas can run a good business. Make 2 to 4 ideas to run a good business and then come up with the best idea.

 

[Bilal0087]

Ev

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.

Every type of business may have to face many different problems, which are bound to be solved. One can solve these problems with already made backup plans, and straw to cope with difficult situations.

 

[Presido]

Your suggestion is actually true because many people are on the verge of just establishing a business for the sake of profit without putting an objective of solving some typical problems in the society.
The main aim of establishing a business is to maximise profit and also to solve basic problems in the society.

 

[Josemendez]

This is very true. A business should focus on solving problems to the customers. That is why an entrepreneur is defined as someone who identifies gaps and problems in a place then gathers enough resouces needed to solve that problem through business. Starting a business without knowing what problem you are going to solve is what causes you to lack market and end up failing.

You have said it all . Most people enter into business just because they want to make money , without considering if the business is in demand or not. For example people enter into selling newspaper , without checking how feasible the business will be , especially now that the internet offers news to people for free .

 

[Seyesystem]

I agree with the the op comments for every business ideas must be around solving society needs most especially online business. Business providing solutions to problems in it environment always progress because people will always patronise the business and people problems will be solved. I will advise if you are starting a new business you must study the problems of the people in the business environment.

 

[Abigael]

You have said it all . Most people enter into business just because they want to make money , without considering if the business is in demand or not. For example people enter into selling newspaper , without checking how feasible the business will be , especially now that the internet offers news to people for free .

Yeah, that is a good example you have given. The newspaper business is so low on market right now because everything can be gotten online. People who start it have not really thought about its marketting value and may end up getting losses due to investing in such a business.

 

[LaylaG]

I agree to the point that your business must solve one problem or the other if you really want to succeed in the business area but even with this you must understand that there are some

 

[GIFTMICHAEL]

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.

This is the simple truth but because of the wrong society we found ourselves everything has changed to worse.
People are not after Changing things for good or making their business idea to impact favourably to the public. They are just after money.

 

[LaylaG]

I agree to the point that your business must solve one problem or the other if you really want to succeed in the business area but even with this you must understand that there are some problems you must solve if you want people to do business with you, you should try as much as possible to to make sure is that the people you are doing business also trust in you that you can deliver them a quality job at all circumstance this is the first step to start.

 

[Richard92]

Your business ideas need to solve a problem. When your business idea solves a problem that is when you see the business growing because people come for solution but if it doesn't solve any problem then is not an idea and will not sell the business. The idea is the reasons and the objective for starting the business, what the seek to get at the end.

 

[adazeez1995]

Well, u need to look inward, look outward. Study the world around you. Your job, daily life, hobbies etc. What problems do you encounter that is currently being the unsolved. For example, u love dogs and you might live in an area that laughs good veterinary care of dogs. Now consider how you can use your skills to solve the problem you have found in a way that satisfy your passion. Lets say u are very skilled at coding and software. Since you are passionate about dogs and have problems finding a good vet, you can build a website or app that helps pet owners get help from a vet online. Now, that's a very good business idea that solver an existing problem.

 

[Patrik]

That's what are businesses actually about, having a business that's about something that already people found a solution for isn't surely going to be a successful business like it would do as a new issue solving business

 

[Emma Aneni]

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 terms and services, in that way you could make more profit and help life's in the long run.

 

[Kamon c4]

Reseach shows that 70% of new businesses fails and the reason being the high level of competition. The prerequisite needed for starting a business is researching the needs of the people and working with your environment. Your research will show you what’s high in demand in your environment. Thus, the solution to this problem will end up being your monetary gain

 

[golamike]

Of course every business should meet people's needs. The most important thing to have in mind when starting a business is that it must meet a particular need of the people within that location. No matter how beautiful your business idea looks, without solving a problem it's not gonna stay long before crumbling. The ability to identify problems is, therefore, important in choosing a business. Look into your environment and see what people can't do without or what is lacking, then see how you can solve the problem. That's business!

 

[Ralphjoe]

Wonderful submissions, A business should really solve a societal problem or needs, if it doesn't, it's just setting up the stage for it to fail even before it starts. It is the degree to which your business solves a problem that brings patronage, if your business solves a big societal problem, then there is bound to be a big demand for such a business.

 

[Dowenship]

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.

To me if an idea is not towards solving problems our making things easy for the community, is not yet called a business idea. Your idea must draw people to you because7 billion people are looking for solutions daily.

 

[Thosynho]

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.

This is lovely. Any business idea that will thrive in a given society but provide solution to at least one problem in the society. The more reason one need to go on a visibility study of the environment to know the actual problem/challenge confronting that environment and think of how to solve the problem.

 

[Janita]

Obviously business planing is necessary before starting the business with alone or either in partnership because there are several ways that damage your business and you will get loss in you business.
Mostly people don't have any setup or planning for the business but they just want to start the business so I think that's bad because you don't know yourself that you you will get after.

 

[Sammyesx]

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.

That is the secret to every successful business, as long as your business is providing a solution to an existing problem, you will definitely not run out of customers, because as long as their is a problem, there will always be need for a solution.