You should think about daily problem that you experienced and if there isn't much you should do more experience.
Entrepreneur
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.
It’s a lot more “nuts and bolts” than you are thinking. Don’t worry about reading a book to spot opportunities… that’s not how it works.
I will give you a simple formula to train your mind. Look around you and find real life problems worth solving. Think up solutions. The key is the phrase “worth solving”. You have to be honest with yourself if the problem is worth solving for only yourself or a bigger market.
Don’t overthink things. Entrepreneurship is not a science.
actively look out stuff that ppl get pissed off about.
literally, anything that makes people rage. if you can solve that, and we assume its a big enough problem, ppl will pay for you to deal with it for them (either manually, or automatically) - simplest example (tho not startup) - ppl hate cleaning - thats why we have cleaners, i know its facetious, but its literally like that.
another more 'startup' example - Antler has a startup they invested in that deals with immigration issues for people travelling, seeking asylum, migrating to, working visa etc for only Australia because Australia's immigration for certain people is a ballache.
so yeah... if you can solve whatever causes the kind of rage in people that they bash-type angry complaints on the internet about, you've probably found an idea that someone will pay you to solve.
which is separate from 1. actually being about solve it, and 2. actually being able to make enough off of solving it to live off - but thats a different issue for a different post.
As an entrepreneur myself, I’ve always believed that every problem, no matter how big or small, presents an opportunity. It’s about having the vision to see beyond the immediate issue and understanding the underlying need that it represents.
Look for inconveniences or problems, then creat a profitable solution.
I strongly suggest choosing the right market to serve. Focus on being the best, or one of the best in your niche.
The book “Blue Ocean Strategy” is a wonderful read to choose / create your own niche and be the best at it.
The key is TRULY understanding what your customers need, and what are their problems.
What do they really care about? Focus on that.
I included a summary of the Blue Ocean Strategy, as well as the top 17 books I wish I had read from the start when I started my first business. You can find them here (these books are invaluable. The Blue Ocean Strategy is at the bottom of the article):
https://www.stubbyholdersaustralia.com.au/books-for-new-entrepreneur
Also, if you ever need inspiration the “Founders” podcast helps me stay motivated during my morning walks and start the day focused:
https://www.founderspodcast.com
I hope it helps. Keep going!
I like the short book "Go Giver". It taught me it's all about the value you provide. Good short read
Just look for a problem
You can also just buy a profitable business using other peoples money.
You don’t have to reinvent the wheel.
But to ideate, I find things that really annoy me personally give me ideas all the time.
You can give this article a read for help and guides! https://www.cuppa.so/post/how-to-find-your-business-niche-what-should-you-focus-on