Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago

MODERATORS

communick@indiehackers.space

How did you find a problem worth solving? (alien.top)

submitted 1 year ago by Snukers115@alien.top to c/entrepreneur@indiehackers.space

65 comments fedilink hide all child comments

I'm new to this sub and I've done some poking around. It seems that the unanimous advice in this sub for people looking to become an entrepreneur is 'find a problem and sell the solution'.

I'm from a poor family and I'm just a simple working folk. I've been trying to think of a way to break free from that life most of my adult years but have never found a way to make it happen.

So my question is. Since I've been trying to find a problem to solve for most of my life and failing to do so. How can I make a shift to really find that problem I can solve? It seems most people in here have businesses. What problem did you solve and how did you figure out that problem to begin with?

you are viewing a single comment's thread
view the rest of the comments

[–] WhizzlePizzle@alien.top 1 points 1 year ago

Yeah, but that's not what you wrote.

And high barriers to entry means exactly that - high barriers to entry. I suppose I could start a nuclear power plant for $10 billion. High barriers to entry - I'll have it made when I bring that power plant on like in 20 years.

Barriers to entry include:

Economies of Scale
Capital Requirements
Brand Loyalty and Reputation
Patents and Intellectual Property
Regulatory Barriers
Access to Distribution Channels
Switching Costs
Network Effects
Experience and Expertise
Government Barriers and Licensing
Access to Resources
Cost Advantages
Predatory Pricing
Brand Advertising and Marketing
Cultural and Social Barriers
Supply Chain Control
Government Subsidies or Support
Exclusive Contracts
Customer Loyalty Programs
Barriers to Exit
Time and Learning Curve
Environmental and Sustainability Standards
Crisis Resilience

etc

Which of those barriers should I select when starting a new company and have no money, no brand to give loyalty to, no patents, no regulatory barriers, etc.

I got fuck-all of any of those things above.

I'm curious as to your response.