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?
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.