A problem is a matter or situation regarded as unwelcome or harmful and needing to be dealt with and overcome.
Entrepreneurship is the development of a business from the ground up. Coming up with an idea and turning it into a profitable business.
An esteemed reader did ask me what is the way forward into making billions if not millions of money. I strongly believe I do have an answer.
Making it big means you have touched so many lives that they have to compensate you and the world as it is gives you back in proportion to what you give. Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you. (Luke 6:38)
Mark Zuckerberg saw people needed to connect in a way that is faster and more convinient. That problem solved equalsmoney to rhe bank.
Kevin Systrom & Mike Kreiger knew people wanted to speak via images as a result Instagram came to be and billions of lives made them sell it to sold it for $1 billion less than two years later.
#1 Identification of the Problem
Looking at the problem in terms of goals and barriers can offer an effective way of defining many problems and splitting bigger problems into more manageable sub-problems.
Goals in the sense that what people want to achieve. The barrier is what’s holding them back.
An analysis and evaluation of a proposed project to determine if it
(A.) is technically feasible,
(B.) will be profitable to people
How will I execute this grand idea? How shall I implement it? and How shall it reach my target audience.
Let’s be blunt not everyone wants to be Mother Teresa(RIP), but it is however important not to be greedy(in societal terms) but in business terms of Gordon Gecko (Wall street film) Greed is good (the desire for achievement)
Back to my point Monetization Monetization is the process of converting or establishing something into legal tender. While it usually refers to the coining of currency or the printing of banknotes by central banks, it may also take the form of a promissory currency.
I highly recommend some few distingushed sources of problem highlighting sources;
Firstly read money conscious publications Forbes Magazines don’t read one read em all. (Forbes; Forbes Woman[Semi-Quarterly] Forbes India; Forbes Africa), Fortune, Banker, And other business or industry speciallized magazine or publications you can find.
Secondly Network. Find forums, seminars, expos and all and ensure you use the ears to mouth ratio appropriately. Listen more; talk less (carry a note bk – Jay-Z does why not you)
Dont build walls be open to people let your brand include people they will share with you things few can be told.
Success is waiting for the man who gives themselves no other option but to succeed
Lifestyle & Product Management Consultant