this post was submitted on 13 Nov 2023
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Experience. I'm in logistics, and there are so many problems within that industry I have ideas about, but after starting my first company and knowing all the hard work I went through I don't have the time to do it again. Pick an industry, learn about it, after understanding the industry you will find opportunities.
For example, 15 yrs ago I worked at a mattress company. We were spending hundreds on customer returns to get the mattresses returned. I had an idea to start a company that would pick up the returned mattresses for free for the business, in exchange for letting me sell them online used. I never went through with it and now there are several of these making really good money.
Problem was the business had to spend a lot of money on these returns and it was a hassle. Solution was to alleviate that for them, saving them tens of thousands of dollar.