Starting a business is a journey that begins with a simple yet profound concept: identifying a problem and then crafting a solution. This two-step process lies at the heart of entrepreneurship, guiding innovators and visionaries to create products and services that make a difference. In this article, we’ll explore the significance of finding a problem and becoming the solution in the entrepreneurial world.

Fahdi Ghazali shared in his vodcast “ The best way to starting a business is to find a problem first, we can start within our circle or online..”

Step 1: Find a Problem

Every successful business venture begins with a problem—a challenge, a frustration, an unmet need. This problem is the driving force behind innovation, motivating entrepreneurs to seek solutions that improve lives and communities. Here’s why finding a problem is the crucial first step:

• Market Relevance: Identifying a problem ensures that your business idea has a clear market need. Businesses that solve genuine problems are more likely to attract customers and sustain growth.
• Inspiration: Problems spark creativity and inspiration. They push entrepreneurs to think critically, explore new perspectives, and envision innovative solutions.
• Passion and Purpose: Building a business around a problem you’re passionate about gives your entrepreneurial journey purpose. It fuels your determination to make a positive impact.
• Differentiation: A unique problem-solving approach sets your business apart from competitors. It becomes your defining feature in a crowded marketplace.
  

Step 2: Be the Solution

Once you’ve identified a problem, the next step is to be the solution. Entrepreneurship is about taking action to address the challenges you’ve recognized. Here’s why being the solution is equally critical:

• Execution Matters: Ideas alone won’t change the world; execution does. Being the solution means turning your vision into a tangible product or service that meets the identified need.
• Testing and Refinement: As you develop your solution, you’ll have the opportunity to test and refine it based on real-world feedback. This iterative process is crucial for success.
• Value Creation: Being the solution enables you to create value for your customers. Your business becomes a source of benefit and convenience, building trust and loyalty.
• Impact: Entrepreneurs who are the solution have the potential to make a meaningful impact on society. They contribute to positive change by addressing pressing issues.

Conclusion:

Starting a business isn’t merely about making money; it’s about addressing problems and creating solutions that enhance lives and communities. The journey begins with identifying a problem that resonates with you and your target market. It’s the spark that ignites your passion and fuels your entrepreneurial spirit.

But don’t stop at just finding the problem. Be the solution. Roll up your sleeves, take action, and turn your vision into reality. In doing so, you not only embark on a fulfilling entrepreneurial journey but also make a difference in the world—a testament to the transformative power of innovative thinking and unwavering determination. So, remember: First, find a problem; second, be the solution. It’s a formula for entrepreneurial success and societal betterment.

If you would like to know more about how a Petronas-Scholar Engineer found his passion in business and built an army of entrepreneurs, head over LINK to hear how he credits his struggles, mentors,and  Allah r.a to build Funnel Evo, a digital marketing consultancy and academy.