Your business idea needs to solve a problem

[Folaham]

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.

I agreed with you that our intended business should be such that societal needs is identified and solved/met. solving societal problem is the only thing we can leverage on as business owners and we can be sure of sustaining our business

 

[Mandypaul]

You are correct if any business anyone is going into does not solve a problem then who will come into your business when you don't have anything to offer,what do you have to offer is the problem that you can be able to solve for people band this can attract people to you
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You are correct if any business anyone is going into does not solve a problem then who will come into your business when you don't have anything to offer,what do you have to offer is the problem that you can be able to solve for people band this can attract people to you

 

[MarieArie]

The enhancement option is generally easier, and is what my own company originates from. If you’re not someone who naturally realizes that, when there’s a problem, there’s an opportunity there, then try to think back to when you last got frustrated at anything. Somewhere, lurking in those memories, you’ll find a problem that can be solved. It could be general, or it could be a process within a vertical industry (for example, a project management fix within a creative agency).
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The enhancement option is generally easier, and is what my own company originates from. If you’re not someone who naturally realizes that, when there’s a problem, there’s an opportunity there, then try to think back to when you last got frustrated at anything. Somewhere, lurking in those memories, you’ll find a problem that can be solved. It could be general, or it could be a process within a vertical industry (for example, a project management fix within a creative agency).

 

[Sanmight]

This assertion is true, you just have to solve peoples' problem blended with your ingenuine creativity in doing it. It makes different people come to you and pay for you to help with those problems. I have to admit that thinking how to know those problems and go about solving them are the skill set necessary for an aspiring entrepreneur today.

 

[Milz]

Well written. Before you commence a business ask yourself, how does this solve a problem? How many people really need this now? Can this product bring in the kind of profit I need to sustain the business?

 

[Smithkid]

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

 

[MarieArie]

The enhancement option is generally easier and is what my own company originates from. If you’re not someone who naturally realizes that, when there’s a problem, there’s an opportunity there, then try to think back to when you last got frustrated at anything. Somewhere, lurking in those memories, you’ll find a problem that can be solved. It could be general, or it could be a process within a vertical industry (for example, project management fix within a creative agency).
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The beginning of every business idea is usually marked with super-excitement. You are convinced that your idea is the next big thing.The first contact with customers or experts often leads to the first point of complete frustration. Usually it turns out that one has no clue about customers, their needs, market dynamics and competitors. No innovation team is protected from wrong assumptions. It is key to learn as quickly as possible.

 

[Ziki]

The number one skill that you need to be a successful entrepreneur. Doesn't matter what state you're in Even you're stuck at this point, how do you break through and go to the next level. You need this number one skill. If you don't have the ability to close anyone anytime, if you don't have that closing mentality and you don't have that closing skill, you're not qualified to be in business, period.

 

[Greatguy1]

Every businesses is began to solve a problem and the reward for such problem solved is the earnings you get from it. In solving a problem one must meet the needs of people and satisfy it. Set up a business today and solve some of world's pertinent problems.

 

[Ebuka Stephen]

Yes , that's very true tho , a business is meant to solve a problem and not become a problem itself, businesses is not an adventure where one doesn't have a plan or a direction. The points you mentioned is one of the reasons why most businesses fold up.
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Yes , that's very true tho , a business is meant to solve a problem and not become a problem itself, businesses is not an adventure where one doesn't have a plan or a direction. The points you mentioned is one of the reasons why most businesses fold up.

 

[SammyOlas]

Yes your business most solve problems in one way or the other let's take demand for instance, if the product you sale is in high demand by your customers then it's irrespective of the kind of product it may be then it's solving people's problems.

 

[Kingsley]

Yes all business plan should aim to solve a problem. If the business is not aimed at solving a problem it might not really achieve any meaningful purpose so all business should be targeted at solving a problem.

 

[Axad. Mrb]

While this “learning” has primarily been subconscious, as I’ve run into more and more people who struggle to come up with new ideas, I’ve made an effort to become conscious of how I do it and where I do it best. The fact that research on the subjects of creativity and innovation has become so popular certainly helps too.

 

[Chibson]

Any business you are venturing into, just have it in mind that you want to solve problems. If your business solves problems, you have created the value. You don't even need to be looking for customers because they'll be the ones looking for you because you have created value.

 

[Ayokex]

The general purpose of business is to solve problems, that's why so many people created problems and provided solutions to it so as to generate revenue. Take for example, many programmers look for the way to generate revenue and the created virus to attack systems and thereafter provide antivirus as the solution. It is often said that the more you solve problems the more money you make.

 

[Adesuwa]

Experts in transport are incredibly concerned with the speed at which innovation is evolving.
Technology is taking over like I disease. This has seen various logistics businesses struggle to keep up with the levels of development in technology.

 

[Genius]

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, every business must be first visualized, planned and needed consultants who map out viable prospects for your business.
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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.

Yes, every business must be first visualized, planned and needed consultants who map out viable prospects for your business.

 

[Neeta313]

If your business does not solve a problem then there is no need setting it up in the first place. You cant make money from it. Before starting up a business you can run a quick survey if possible to know what people want or the challenges they face of not having a particular thing and from that you can form a business idea that will satisfy your customers while you make profit.

 

[Ibrahim1]

As for me when a business couldn't solve a particular problems then that's not a problem and a business that's created or established for profit motive may not even last long and crashed on short period of time

 

[Naina]

You are correct , any one starting a new business should start up a mindset of solving problems and making life better and easy through your services.
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You are correct , any one starting a new business should start up a mindset of solving problems and making life better and easy through your services.
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You are correct , any one starting a new business should start up a mindset of solving problems and making life better and easy through your services.
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You are correct , any one starting a new business should start up a mindset of solving problems and making life better and easy through your services.