Your business idea needs to solve a problem

[Adventurer]

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.

You're very correct, my boss used to say; think of a problem and it's solution that why graphics designers and web designers and in demand now, they are a solution to online businesses problem of setting up their e-commerce websites.

 

[Rimsha kanwal]

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.

Problem-solving in business is defined as implementing processes that reduce or remove obstacles that are preventing you or others from accomplishing operational and strategic business goals.
In business, a problem is a situation that creates a gap between the desired and actual outcomes. In addition, a true problem typically does not have an immediately obvious resolution.

 

[Kehinde]

1. Identify and define the promble.
2. Prioritize the problem based on size, potential impact, and urgency.
3. Complete a root-cause analysis.
4. Develop a variety of possible solutions.
5. Evaluate possible solutions and decide which is most effective.

 

[tuna89]

Before starting any business do a market analysis and survey as regards something that is scarce within the environment but is highly needed by the people, when that is discovered through your results then make a business plan that outlines your resources and budget ànd your projected profit, also make sure that you find a good location and make sure you solve those problems with your new business.

 

[Sariana23]

I loved this thread as it is so true. Many people only think about starting a business, because they see that other people are doing well but they have no idea. The main thing is what you write, solve the need of society. In any business you must have the target customer and what products you are going to offer according to their

 

[Aniwhyte]

You're absolutely right about this, a lot of business these days is all about buying and selling, and every business owner wants to make profit only, a business that could be able to solve problems would definitely last a lifetime.

 

[Kiwi]

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. 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. Many businesses today are just out there to exploit citizens and make life difficult, things doesn't work out like that

 

[Nicklas22]

Here are some things to consider as you develop a winning startup idea. Your idea should solve a real problem. Will your service or product solve a problem many people are facing? The story is important, too. Fear of failure is counterproductive. Ask for feedback. Personal satisfaction. Don't stick with a bad idea.

 

[Quert]

Yes absolutely you are right, in fact demands were taken as problems in the society soo this is to solve a problem as well. Any business that would solve or provide a demand on the society will surely prosper in the future. So that's why you should seriously plan on what type of business you're getting into.

 

[Lyrrex]

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.

 

[Peppul]

Like I use to say to my friends, whatever business you are going into make sure it has the capability to help solve the problems of people around where you want to establish the business, don't just decide to open a business just for the purpose of making money alone because if that's your only sole purpose to why you want to run a business then the business itself might not stand to last long, first look at the needs of people in your community, it might be unemployment and it might just be other things entirely, but your business first should be able to tackle this problems first. It is very important for you to look into this area and try to solve at least one of the problems with your business. That's my own opinion.

 

[Damismiling]

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.

@Pirate you are very correct
But talking on business plans, what are the elements of a good business plan, or what are the contents of a good business plan? Any idea or just some random opinions?

 

[Chumzy]

This is the basic thing that should be considered before starting any business. After this has been determined by the entrepreneur who wants to start a business. Then he can proceed with the business plan and subsequently the feasibility studies.

 

[Damismiling]

Like I use to say to my friends, whatever business you are going into make sure it has the capability to help solve the problems of people around where you want to establish the business, don't just decide to open a business just for the purpose of making money alone because if that's your only sole purpose to why you want to run a business then the business itself might not stand to last long, first look at the needs of people in your community, it might be unemployment and it might just be other things entirely, but your business first should be able to tackle this problems first. It is very important for you to look into this area and try to solve at least one of the problems with your business. That's my own opinion.

Yes your business must be able to solve the needs of people around, when you see the needs of people in a particular area or location and you can see that so many people are in need of that particular thing, then strategize your business idea towards meeting that need and you make your profit

 

[Adebayonle7]

I love the topic of this thread. Businesses aren't what they are supposed to be these days. Businesses should be able to cater for and solve a problem and address someone's concern. If it does not provide employment, or feed someone, or provide a needed service that they require. Businesses these days are only focused on getting gain or profit by all means not regarding the situation of customers or their pockets. Many businesses appear so appealing now so much that individual's just patronize them and later regrets.

 

[Hasan Raza]

Yes my dear its all right This is a point that's very valid because before a business man or woman establish a business he must consider if the business will solve a problem in the society.also business that is established mainly for profit might not last long and may crash in short period of time.

 

[Sarfraz Ali123]

I'll apply following strategies to solve problems in business.
Identify and define the problem.

Prioritize the problem based on size, potential impact, and urgency.

Complete a root-cause analysis.

Develop a variety of possible solutions.

Evaluate possible solutions and decide which is most effective.

Plan and implement the solution.

 

[idhans]

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.

Ideas rule this world. If you are able to solve the needs of the people around you then money is not far from you. Any business that you are going into must be able to address and solve the needs of the people.
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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.

Ideas rule this world. If you are able to solve the needs of the people around you then money is not far from you. Any business that you are going into must be able to address and solve the needs of the people.

 

[MarieArie]

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.

Exactly the point. You business idea should be one which has problem-solving abilities. You can either create a solution or invent a better way to doing something that has been in existence for a while. Innovation isn't about finding new things alone; it's about doing old things in a new way

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.

 

[JamoPosh]

As it well known the richest people we have in world, what made them wealthy is simply there business is serving and solving peoples problem. Having what could be a solution to a problem as a business idea will surely make you the business owner gain ground and make them wealthy as well. If am ask to define what a business. I will rather say it a systems of trading solution to people's problems and make profits in return.