Your business idea needs to solve a problem

[shakky2]

one important thing about business owners is the fact that they have to be calm patient,dedicated and committed,all these qualities alone are capable of solving a problem but to inhabit these qualities may not be easy and can be challenging

 

[Chumzy]

The sole reason for a business to be set up is to solve a problem. Now if you don't see a problem in the environment then there is no business. Now it is not just about solving a problem but one people are willing to pay for.

 

[Xerryl]

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

 

[adazeez1995]

I agree with this. If your idea could solve a problem for a large population, you would be able to accumulate large fortune in a short time. For example, some communities are finding it difficult to get clean water, since their source of water have been polluted due to one reason or the other. An good business idea might be the creation of a machine that helps in the purification of large waste water to clean water. Or a machine that could convert air to pure water. This will go a long way to solving water crisis.

 

[Psalmseen]

Yes of course. One's business idea must possess the capacity of solving one or more problems. Before you can decide on what kind of business you will go into, you must determine what the people wants because the resources possessed by humans are limited and they are not ready to spend on what will not solve their problems or meet their needs and wants

 

[jimmann247]

My brother that's the simple truth, some people just jump into business without a proper understanding if the location they are sitting up the business has such problems that need to be solved, if you went and do phone charging business in a location were there is always light, that's is bad one.

 

[Godleads1]

Doing a business means you have being able to make necessary research in a given area or location and found out their needs which you know you can attend to. So your business must be meeting a need.

 

[Kehinde]

Take the time to define the problem clearly. ...
Pursue alternate paths on “facts of life” and opportunities. ...
Challenge the definition from all angles. ...
Iteratively question the cause of the problem. ...
Identify multiple possible solutions. ...
Prioritize potential solutions. ...
Make a decision. ...
Assign responsibility.

 

[Akinwale701]

Honestly, nothing could be truer than this, in fact the topic is self explanatory and doesn't need any further ado before being understood. Your business should be the one that solves people's immediate demands problem, that is why you can be happy you're doing business

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.

 

[Pattertwig21]

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 agree, and I think business built are founded on this principle, on solving societal problems , while making a livelihood out of the strategy to solve the problem. It is a win-win situation.

 

[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.

Solving a problem is the best way to start a business and make lots of profit.
There is a woman who turns over close to 20k a day because she solved people's problems of charging their phones due to poor power supply.
She set up a phone charge shop and she's really making lots of money.

 

[Khezo]

Well that's true, a business should be able to solve some things or situation in the society tonmake it beneficial to the economy. But the thing i would suggest it say is that it doesn't really need to solve a problem it just have to be ease people's way of life

 

[Mostee501]

Interestingly very right, earning from people and not being able to impact in the society you earn from,is not nice. Though matter how little,if your business idea those change something in the society,it will be a plus for them.

 

[Talibhussain074]

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 you are right. Many people make many mistakes when they start a business. Business owners need to solve many problems before starting a business. Many business owners sell everything and invest all the capital on business. And that's not a proper business. And so they suffer a lot because they would not have consulted an experienced before they started the business. There are many mistakes that are very important to solve before starting any business.

 

[Sarfraz Ali123]

Telling yourself that you’re not good at coming up with a great idea is surely going to limit your ability to come up with a great idea. In order to come up with a great startup idea, you need to tell yourself that you are capable of doing it. You also need to remember that no man is an island -- you’ll need a team to help you truly succeed.

 

[Husnainali]

Nine steps to solve an effective business problem
Take the time to clarify the issue. ..
Follow the "realities of life" and alternatives on occasion. ..
Challenge the definition from all angles. ..
Except ask about the cause of the problem. ..
Identify several possible solutions. ..
Prioritize possible solutions. ..
make a decision. ..
Assign responsibilit
y.......y

 

[Tariq Shehzad]

You are right, such countless individuals have issues and they are searching for answers for these issues, most are even insecured about these issues, as long as your business is giving answer for an issue, you will not run out of customers.

 

[Waseem74]

These requirements covered there are the following:

1. You must have knowledge of that business idea you want to be part of your next business venture.
2. The realization of that business idea must be funny for you and look like your hobby.
3. You must have a passion for that business idea.

 

[Kehinde]

Take the time to define the problem clearly. ...
Pursue alternate paths on “facts of life” and opportunities. ...
Challenge the definition from all angles. ...
Iteratively question the cause of the problem. ...
Identify multiple possible solutions. ...
Prioritize potential solutions. ...
Make a decision. ...
Assign responsibility.

 

[Irfanali]

Nine steps to solve an effective business problem

Take the time to explain the problem. ... Follow the "facts of life" and alternatives on occasion. ... Challenge the definition from all angles. ... hardly question the cause of the problem. ... Identify several possible solutions. ... prioritize possible solutions. ...make a decision. ... Assign responsibility