Your business idea needs to solve a problem

[Ifective]

One shouldn't wake up one day and say he or she wants to start a business just for selfish gain
One must look at his or her surroundings to find out which problem he or she can solve and then tailor his products towards solving such problem
Your business must be one that is ready to solve a problem
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One shouldn't wake up one day and say he or she wants to start a business just for selfish gain
One must look at his or her surroundings to find out which problem he or she can solve and then tailor his products towards solving such problem
Your business must be one that is ready to solve a problem

 

[Ojonuyo]

Yes! Solve a problem. Must individual just wake up one morning and want to create a business to earn money from it. Without carefully analysing what it will cost them and what problem such business is going to solve in the society. In fact most business are just out there to exploit citizens and not solve their problems.

 

[Diamond07]

Yes, a business idea must solve a problem. People these days only need people who can provide solution to their problem. It could be a product people are in most dire need for or an information that can help solve problems

 

[Victor-t]

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.

Of course, your business plan is ready to solve a lot of problem in your business, for instance if someone want to borrow money from the bank or anywhere they will ask for your business plan to know and be sure that you have a great and tangible thing that you want to use the money for through your business plan.

 

[Shayo]

A business that doesn't solve a problem is planning to fail. People patronize a business because they a problem which they are trying to solve with your product.
As an entrepreneur, knowing what problem your business solves helps in knowing your target audience and this helps in knowing where to focus marketing on.

 

[Defaith]

business idea is really in need in times of business, before you can set up a business you have to have a good idea and a good plan about business. you don't just go into business without plan or without the idea if you don't know you have to look for someone who has idea or who has plan so that you will not put yourself in trouble

 

[mubinadaddy]

If your business idea is not solving any problems then it's not fertile enough it's as good as impotent. So your business ideas must be an ideas that will solve problem, must be an ideas that will be a solid solution to a problem in that case you will excell , and when shared with somebody they will take it seriou and work on it also.

 

[Yaqoob Habib]

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.

1. Identify the essues.Be clear about what the problem is...
2.understand everyone's interests.
3.list the possible solutions.
4.Evaluted the option.
5.Document the agreement(s)..
7.Agree on contingecies,monitroring,and evalution.
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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.

1. Identify the essues.Be clear about what the problem is...
2.understand everyone's interests.
3.list the possible solutions.
4.Evaluted the option.
5.Document the agreement(s)..
7.Agree on contingecies,monitroring,and evalution.

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• Benefits

 

[Briangsam]

You are absolutely spot on. Before you start any business venture, you have to be sure you are solving a unique problem. Proffering solutions to an existing problem with existing solutions might mean you won't stay long in the business.

 

[Akinwale701]

If o

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.

if your business idea is not one that solves problems of the people residing in your location, it's time you get another business idea. a good business idea is one which looks for a problem and does everything possible to solve the problem by making that goods or services needed to arrest them problems available. this is the best definition of business.
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If o

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.

if your business idea is not one that solves problems of the people residing in your location, it's time you get another business idea. a good business idea is one which looks for a problem and does everything possible to solve the problem by making that goods or services needed to arrest them problems available. this is the best definition of business.

 

[jay]

There's no single business that thrive or ever existed without solving a problem. That's basically the first thing you need to discover. People actually wants to give your their money and even thank you after giving you such money, so you must solve that problem that is on their neck. They won't just give you their money without taking away something that bothers them. Find a problem, solve it and then business is set.

 

[Aqkhan]

When you start a business or are already doing it, you have to face a lot of difficulties, but to solve these problems, they will have to see what difficulties have come due to in the business, they will not have information, and secondly, if they are the ones who have an account to finish it, If you find these difficulties, you can still grave them. If they are not eliminated, you will have to face many difficulties.
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When you start a business or are already doing it, you have to face a lot of difficulties, but to solve these problems, they will have to see what difficulties have come due to in the business, they will not have information, and secondly, if they are the ones who have an account to finish it, If you find these difficulties, you can still grave them. If they are not eliminated, you will have to face many difficulties.

 

[Godleads1]

I business owner must have carried out a research on the intended needs of the office in the area of establishment in order to make the business meet needs. That's a basic reason for establishment.

 

[Keibah]

Either a good business idea is solving a problem or augmenting the process. This is why it is very important to make research and diversify. It is also another reason that when a specific niche is saturated, you'd hardly make it there unless you are bringing in an extra spice. The problem is being solved already.

 

[Xerryl]

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.

 

[Abbeyola]

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.

Very true,if your business is not solving problems of people then your business is not really creating satisfaction and meeting the needs of people.
Then such organization is only after money making and not consumers satisfaction.

 

[Thosynho]

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.

The truth is, no matter how great your business plan or idea is, if it is not solving and problem where you want to start it then the business is useless there. It will not earn you anything meaningful. Solving a problem makes you money.

 

[Kane]

The primary function of any business is to make money. However, the products and services the business is selling should be useful to the consumers. If the products and services are not useful to the consumers, the business will not survive. Businesses should not try to trick the consumers.

 

[mizzzlotam]

First and foremost before opening any business in any area. Make sure that business will be solving a need in that environment or society. This is the number one reason why businesses fail. Make sure what you intend to sell or the services you intend to render is required in the area.

 

[Lyrrex]

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.

True. I one thing that sustains a business, is the ability to solve problems.