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Entrepreneurship Course difficulties (alien.top)

submitted 10 months ago by solo_rider_4life@alien.top to c/entrepreneur@indiehackers.space

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Hello everyone, I am currently enrolled in an entrepreneurship course at the university, and I am facing some challenges. Several weeks ago, we began by selecting a problem that we encounter daily, with a focus solely on the problem rather than the solution.

we strated by asking the five whys, to get to the root of the propblem in order ti have the big question that we will build the solution based on.

The ultimate goal is to create a product or service that people are willing to pay for. However, I need to avoid anything infrastructure-related due to its larger scale. I am feeling lost and confused, and time is running out. Any guidance would be greatly appreciated. Thank you

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[–] Bob-Roman@alien.top 1 points 10 months ago

To paraphrase Mr. Wonderful, does your solution solve a unique problem and does the solution have great value.

The paper clip was great idea. Take short length of cheap metal wire and bend it around a couple times to hold pieces of paper together without punching holes in them.

However, paper clip has little value because you have to sell millions of them to make any real money.

So, you need to identify consumer need and then determine if your solution has great value (sales potential).

For example, someone figured out some people are pretty lazy so why not start up app-based food delivery business.

Such businesses exist, but most are having a hard time turning a consistent profit.