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Creating a business by solving a problem

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djs13

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I feel like my current position is a cross between the $3k to $1 million thread and finding the right entrepreneurial premise. I have alot in common with the person Russ created the 15 months thread for because I have $4,000 to work with and I'm also 17.

I've made it a goal of mine to find a business that solves a problem that I can pull the trigger on in the coming weeks. I literally have been sitting at home and just thinking about different ways I can make an e-business that can be a solution to someone's problem. I'm considering all possibilities: creating a product, selling an existing product, selling a service, offering a free service, business to business, consumer business and everything in between. I've realized that it's not just more profitable to fill a need but also easier to market it.

Last night I went to a bon fire with a bunch of my friends and I asked all of them what problems they had. Some had questions and others had statements, but I was just trying to find something to work with and to brainstorm ideas off of. Here were the most popular:

- I want to make more money
- I want to meet more girls
- I want to be happier/more self confident
- I want to save money on gas

Of course this is just a poll of about six or seven people, but it's the foundation I'm going to work on.

While I was watching the Yankee game tonight, I just thought about the potential businesses I could start but I almost felt like I had writers block. For example, I printed a sheet with "I want to meet more girls" and just jotted ideas down. The farthest I got was "dating site" and my brain juices stopped. Dating sites are saturated. And as Peter would say, it's not about the idea but the people - which is true. But I don't think I could make a better dating site than the ones already in place.

Then I got into "I want to save money on gas" and I got even more stuck. I felt like there really wasn't anything I could do with an e-business that could solve this. For the people who wanted to make more money, I would just refer to them to the fastlane forums and other finance books. The subject of wanting to be happier/more self confident is REALLY broad. I think people find happiness from so many different things that other people wouldn't even care about.

So here's my question to the fastlane:

How can I take a problem I've found and create an online business that would solve it? I'm dealing with pretty large topics which have made it difficult on me. But I also think if I could brainstorm a solution that my business would have a huge growth potential. Should I narrow my search to product base, service base or advertising (free information) based ideas to make it easier to create different business concepts?

Thank you for your help!
 
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

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"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
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"You are the average of the five people you surround yourself with."
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O giim moli nz dassipv qutovoup ot e dsutt civxiip vji $3l vu $1 nommoup vjsief epf gopfoph vji sohjv ipvsiqsipiasoem qsinoti. O jewi emuv op dunnup xovj vji qistup Satt dsievif vji 15 nupvjt vjsief gus cideati O jewi $4,000 vu xusl xovj epf O'n emtu 17.

O'wi nefi ov e huem ug nopi vu gopf e catopitt vjev tumwit e qsucmin vjev O dep qamm vji vsohhis up op vji dunoph xiilt. O movisemmz jewi ciip tovvoph ev juni epf katv vjoploph ecuav foggisipv xezt O dep neli ep i-catopitt vjev dep ci e tumavoup vu tuniupi't qsucmin. O'n duptofisoph emm quttocomovoit: dsievoph e qsufadv, timmoph ep iyotvoph qsufadv, timmoph e tiswodi, uggisoph e gsii tiswodi, catopitt vu catopitt, duptanis catopitt epf iwiszvjoph op civxiip. O'wi siemobif vjev ov't puv katv nusi qsugovecmi vu gomm e piif cav emtu ietois vu nesliv ov.

Metv pohjv O xipv vu e cup gosi xovj e capdj ug nz gsoipft epf O etlif emm ug vjin xjev qsucmint vjiz jef. Tuni jef raitvoupt epf uvjist jef tvevinipvt, cav O xet katv vszoph vu gopf tunivjoph vu xusl xovj epf vu cseoptvusn ofiet ugg ug. Jisi xisi vji nutv quqames:

- O xepv vu neli nusi nupiz
- O xepv vu niiv nusi hosmt
- O xepv vu ci jeqqois/nusi timg dupgofipv
- O xepv vu tewi nupiz up het

Ug duasti vjot ot katv e qumm ug ecuav toy us tiwip qiuqmi, cav ov't vji guapfevoup O'n huoph vu xusl up.

Xjomi O xet xevdjoph vji Zeplii heni vupohjv, O katv vjuahjv ecuav vji quvipvoem catopittit O duamf tvesv cav O emnutv gimv moli O jef xsovist cmudl. Gus iyenqmi, O qsopvif e tjiiv xovj "O xepv vu niiv nusi hosmt" epf katv kuvvif ofiet fuxp. Vji gesvjitv O huv xet "fevoph tovi" epf nz cseop kaodit tvuqqif. Fevoph tovit esi tevasevif. Epf et Qivis xuamf tez, ov't puv ecuav vji ofie cav vji qiuqmi - xjodj ot vsai. Cav O fup'v vjopl O duamf neli e civvis fevoph tovi vjep vji upit emsiefz op qmedi.

Vjip O huv opvu "O xepv vu tewi nupiz up het" epf O huv iwip nusi tvadl. O gimv moli vjisi siemmz xetp'v epzvjoph O duamf fu xovj ep i-catopitt vjev duamf tumwi vjot. Gus vji qiuqmi xju xepvif vu neli nusi nupiz, O xuamf katv sigis vu vjin vu vji getvmepi gusant epf uvjis gopepdi cuult. Vji tackidv ug xepvoph vu ci jeqqois/nusi timg dupgofipv ot SIEMMZ csuef. O vjopl qiuqmi gopf jeqqopitt gsun tu nepz foggisipv vjopht vjev uvjis qiuqmi xuamfp'v iwip desi ecuav.

Tu jisi't nz raitvoup vu vji getvmepi:

Jux dep O veli e qsucmin O'wi guapf epf dsievi ep upmopi catopitt vjev xuamf tumwi ov? O'n fiemoph xovj qsivvz meshi vuqodt xjodj jewi nefi ov foggodamv up ni. Cav O emtu vjopl og O duamf cseoptvusn e tumavoup vjev nz catopitt xuamf jewi e jahi hsuxvj quvipvoem. Tjuamf O pessux nz tiesdj vu qsufadv ceti, tiswodi ceti us efwisvotoph (gsii opgusnevoup) cetif ofiet vu neli ov ietois vu dsievi foggisipv catopitt dupdiqvt?

Vjepl zua gus zuas jimq!

Figopi vji vuqod gasvjis epf og zua xepv, QN ni gus e qesvpistjoq. O dep hiv zua tvesvif ev mietv.
 
O xet katv vszoph vu gopf tunivjoph vu xusl xovj epf vu cseoptvusn ofiet ugg ug. Jisi xisi vji nutv quqames:

- O xepv vu neli nusi nupiz
- O xepv vu niiv nusi hosmt
- O xepv vu ci jeqqois/nusi timg dupgofipv
- O xepv vu tewi nupiz up het

O vjopl zua nez ci dmutis vjep zua siemobi vu dunoph aq xovj e cmudl catvis ug ep ofie.
Vji vuqod ug xjev nelit upi jeqqz ot raovi csuef, cav timg dupgofipdi ot e nadj nusi figopif piif. Nepz qiuqmi, viipt itqidoemmz, medl timg dupgofipdi - iwip vjuti vjev nez eqqies vu ci quqames.

Duamf zua fiwimuq ep upmopi tovi vjev xuamf effsitt vjot piif?

Og vjot ot puv zuas daq ug vie - fup'v howi aq. Zua xomm gopf zuas ofie.

Ipkuz vji Sofi!
Jeqqz
 
Xux! E tovi ecuav timg-dupgofipdi gus viipt epf uvjist vjev xepv vu cuutv timg-dupgofipdi / timg-itviin xuamf ci hsiev gus ni vu xsovi ecuav... O'wi sidipvmz cuutvif nz timg-dupgofipdi e hsiev enuapv. Efnovvifmz, O'n katv qetv cioph e viipehis. Qisjeqt O'mm tvesv ugg xovj e tonqmi cmuh gostv. Ug duasti, O'mm fu nz fai fomohipdi epf emm cigusi-jepf. Cav vjot ofie siemmz tvsolit ni et e hsiev uqqusvapovz gus nztimg.
Ifov: Egvis fuoph tuni sitiesdj, nezci vji goimf ot tevasevif ipuahj emsiefz mum, O'mm liiq tiesdjoph gus tvagg vjuahj :)
 
O vjopl zua esi vszoph vu vjopl vu jesf epf dsievoph e xemm gus zuastimg. Simey e movvmi, hiv uav epf niiv qiuqmi epf veml vu vjin. Qiuqmi muwi vu dunqmeop, tu vji nusi qiuqmi zua motvip vu dunqmeopoph (veli qeop nift gus vji opiwovecmi jiefedjit) zua dunquapf ottait zua jewi vu caomf ugg.

Effovoupemmz, muul aq zuas mudem TCFD us TCE djeqvis, vjiz ugvip jewi gsii tinopest epf niivopht gus vjopht moli tvesvoph zuas uxp catopitt, epf nusi onqusvepvmz zua esi op e suun gamm ug qiuqmi vjev jewi e tonomes nopftiv. Tvez egvis epf veml vu qiuqmi!
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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