How do i find "NEED AND PAIN POINTS".

[Shaswat singh]

Hello everyone,

Yesterday, I finished reading the book "Fast Lane Millionaire" and I must say, it was an eye-opening experience. I learned a lot from the book, but there is still one question that remains unanswered for me.

Throughout the book, the author emphasizes the importance of looking for pain points and needs rather than doing what you love. According to the author, doing what you love may not necessarily get you to the fast lane because it can be crowded with people just like you. I completely agree with this deduction, but my question is, how do I identify these pain points and needs?

As far as I know, identifying pain points and needs without a specific approach can be a tedious and time-consuming task. I am looking for guidance on the correct approach that can help me identify these pain points and needs efficiently.

I would also like to add that currently, I am a first year college student, and I am learning game development and several other things in which I'm interested on my own. I enjoy it, but I am not sure if this is the right path to take to achieve my goals. I feel confused and lost, and I think the reason behind this is the lack of a proper plan or approach.

I am in a dilemma, should I continue on this path or explore other options? I believe that having a clear understanding of pain points and needs will help me make an informed decision about my future. I am looking forward to hearing your suggestions and advice on how to approach this problem.

If anyone has any suggestions or experiences to share regarding this topic, I would love to hear from you. Thank you for taking the time to read my post, and I look forward to hearing from you soon.

 

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[Kybalion]

Here's your pain point:

"Identifying pain points and needs without a specific approach can be a tedious and time-consuming task".

Doing tedious and time-consuming things feels frustrating, confusing, and boring.

All of these emotions are painful.

In fact, they caused you so much pain you spent 10 to 20 minutes writing this post to find a specific approach.

Now think about other things that cause you pain (either physical or emotional).

Those are your pain points.

Now look for things that cause other people pain.

Those are other people's pain points.

And by the way, it doesn't have to be excruciating pain. Even discomfort counts (however slight it is).

 

[SDE]

Listen to what people are complaining about.

I hate...

I wish...

I don't like...

When someone uses the above words, they generally are looking for a better solution.

What do your friends at college complain about? What your professors wish was better?

Read the negative reviews of something you purchased on Amazon recently and it'll tell you what people hate about the product.

I think this is one approach.

 

[Brandonistaken]

You should write a big list of all the pain points people have outside and onlne and ask yourself "how can this make me money?" "what solutions can i provide for this pain point?" that is one method you could use but do use the above methods first and see if that works for you.

Additonally you should check @heavy_industry post on So Many Ideas, How To Choose? A Simple Guide To Getting Unstuck
since you mentioned that you're confused and lost and there are lot of great posts to get you started and moving.

Hope that helps bro

 

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[heavy_industry]

Additonally you should check @heavy_industry post on So Many Ideas, How To Choose? A Simple Guide To Getting Unstuck
since you mentioned that you're stuck.

The thread was actually created by my gym partner, @BizyDad

GOLD! - IDEA - So Many Ideas, How To Choose? A Simple Guide To Getting Unstuck

Over in @Antifragile 's thread about scaling up in business, @mikecarlooch and I had an exchange. You can read it yourself starting here. Basically, he was saying he has a bunch of ideas and doesn't know where to start. I've had this chat with several people lately, and thought I could expand...

www.thefastlaneforum.com

This is a confusion that commonly happens on the forum. Even some admins have made this mistake in the past (MJ and Andy thus far).

We have no idea why this may be happening.

 

[Edgar King]

Hello everyone,

Yesterday, I finished reading the book "Fast Lane Millionaire" and I must say, it was an eye-opening experience. I learned a lot from the book, but there is still one question that remains unanswered for me.

Throughout the book, the author emphasizes the importance of looking for pain points and needs rather than doing what you love. According to the author, doing what you love may not necessarily get you to the fast lane because it can be crowded with people just like you. I completely agree with this deduction, but my question is, how do I identify these pain points and needs?

As far as I know, identifying pain points and needs without a specific approach can be a tedious and time-consuming task. I am looking for guidance on the correct approach that can help me identify these pain points and needs efficiently.

I would also like to add that currently, I am a first year college student, and I am learning game development and several other things in which I'm interested on my own. I enjoy it, but I am not sure if this is the right path to take to achieve my goals. I feel confused and lost, and I think the reason behind this is the lack of a proper plan or approach.

I am in a dilemma, should I continue on this path or explore other options? I believe that having a clear understanding of pain points and needs will help me make an informed decision about my future. I am looking forward to hearing your suggestions and advice on how to approach this problem.

If anyone has any suggestions or experiences to share regarding this topic, I would love to hear from you. Thank you for taking the time to read my post, and I look forward to hearing from you soon.

All great and concise responses to find problems here!

This could also help (from someone who greatly struggled to find a pain to solve)

EXECUTION - How I Found And Solved A Problem I Cared About (Probably...)

Tl;DR Just start helping people in a niche. And try to iterate to a productcracy (regardless of the means). A productcracy is one in which people voluntarily talk about your product positively with others. It all started on day 140 of my 150 execution challenge. "I've wasted so much...

www.thefastlaneforum.com

 

[Johnny boy]

When you are living your life you are doing many things such as

working
taking showers
eating
commuting
hobbies
using the internet

When you do these things, keep your mind open and do them "consciously", with higher awareness. Always asking "how could I make an improvement?" And always be looking at businesses.

In your work, your industry likely has problems. There's ways to improve.
Maybe you notice when taking a shower you wish there was some product that would make it better. You search online and find it doesn't exist yet but you wish it did.
Maybe you are doing your hobbies and think "X is inconvenient, I wish there was a way to do this without having to do it this way".

The list goes on and on. Since you are now operating with a "producer" mindset, looking at the world for things to improve, you will naturally build up this skill.

When I'm with normal people and we go somewhere, they just pay the money, do the thing, and we leave.

When I'm with my business friends, we sit and chat about the business model when we go out. "This is a smart business, judging by the line they must serve 500 people a day, at $45 a pop that's $22,500 a day, times 21 working days is 470k a month revenue, there's 5 employees so 85k in labor for the month. Overhead is probably $X, plus other expenses and they probably clear 300k a month here. Blah blah blah" We see money everywhere. The other entrepreneurs here know exactly what I'm talking about. That's what it's like on the other side of the equation, being a producer instead of a consumer.

 

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[BizyDad]

The thread was actually created by my gym partner, @BizyDad

GOLD! - IDEA - So Many Ideas, How To Choose? A Simple Guide To Getting Unstuck

Over in @Antifragile 's thread about scaling up in business, @mikecarlooch and I had an exchange. You can read it yourself starting here. Basically, he was saying he has a bunch of ideas and doesn't know where to start. I've had this chat with several people lately, and thought I could expand...

www.thefastlaneforum.com

This is a confusion that commonly happens on the forum. Even some admins have made this mistake in the past (MJ and Andy thus far).

We have no idea why this may be happening.

Hear me now and believe me later...

 

[REV5028]

As far as I know, identifying pain points and needs without a specific approach can be a tedious and time-consuming task. I am looking for guidance on the correct approach that can help me identify these pain points and needs efficiently.

"tedious" and "time-consuming," indeed. Are you willing to put in the work it takes to open and train your mind to see the wants and needs of others? Are you willing to put in the mental work to think like a producer and not a consumer? Or are you asking these questions hoping for a quick fix?

I get it. You've read TMF and now you're excited that a whole new world has been opened up to you. And now you want to know how you can start as fast and efficiently as possible. I get it because that was me a few months ago. Rewiring my brain to constantly look for problems around me was a challenge. But when you try hard enough on your own, you eventually start seeing so many problems that you don't know which one to start working on. Then you start asking questions about how a business actually works. And you keep getting to different levels where you're still constantly asking questions and exercising your brain.

As @BizyDad recently told me:

"Entrepreneurship is baby steps. You got to crawl before you can walk before you can run.

You'll figure it out. Simple steps. Repeatable processes. Solve problems. Get paid."

I feel confused and lost, and I think the reason behind this is the lack of a proper plan or approach.

Bingo. You need to figure out what your goal is before you can start working on something meaningful and worthwhile to you. I'm not saying "do what you love." I'm saying figure out what problems out there feel like they're worth your time and effort, align with your morals (morals, not likes and dislikes or personal preferences), and that you have some knowledge of and skills for to start pursuing (depending on your financial situation, you might be able to outsource some work, but most people start with what they already have or obtain the skills needed to tackle their project).

I am in a dilemma, should I continue on this path or explore other options?

Again, are you willing to put in the mental effort to figure this out for yourself? Or are you looking for someone to tell you what to do?

So, my advice: Slow down, think & reflect, pick a direction, take action, repeat.

 

[Brandonistaken]

The thread was actually created by my gym partner, @BizyDad

GOLD! - IDEA - So Many Ideas, How To Choose? A Simple Guide To Getting Unstuck

Over in @Antifragile 's thread about scaling up in business, @mikecarlooch and I had an exchange. You can read it yourself starting here. Basically, he was saying he has a bunch of ideas and doesn't know where to start. I've had this chat with several people lately, and thought I could expand...

www.thefastlaneforum.com

This is a confusion that commonly happens on the forum. Even some admins have made this mistake in the past (MJ and Andy thus far).

We have no idea why this may be happening.

Oh snap my bad i saw it as your name instead of BizyDad

 

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[Shaswat singh]

"tedious" and "time-consuming," indeed. Are you willing to put in the work it takes to open and train your mind to see the wants and needs of others? Are you willing to put in the mental work to think like a producer and not a consumer? Or are you asking these questions hoping for a quick fix?

I get it. You've read TMF and now you're excited that a whole new world has been opened up to you. And now you want to know how you can start as fast and efficiently as possible. I get it because that was me a few months ago. Rewiring my brain to constantly look for problems around me was a challenge. But when you try hard enough on your own, you eventually start seeing so many problems that you don't know which one to start working on. Then you start asking questions about how a business actually works. And you keep getting to different levels where you're still constantly asking questions and exercising your brain.

As @BizyDad recently told me:

"Entrepreneurship is baby steps. You got to crawl before you can walk before you can run.

You'll figure it out. Simple steps. Repeatable processes. Solve problems. Get paid."


Bingo. You need to figure out what your goal is before you can start working on something meaningful and worthwhile to you. I'm not saying "do what you love." I'm saying figure out what problems out there feel like they're worth your time and effort, align with your morals (morals, not likes and dislikes or personal preferences), and that you have some knowledge of and skills for to start pursuing (depending on your financial situation, you might be able to outsource some work, but most people start with what they already have or obtain the skills needed to tackle their project).


Again, are you willing to put in the mental effort to figure this out for yourself? Or are you looking for someone to tell you what to do?

So, my advice: Slow down, think & reflect, pick a direction, take action, repeat.

Yes, I'm willing to put in the work it takes to open and train your mind to see the wants and needs of others? Yes, I'm willing to put in the mental work to think like a producer and not a consumer?

And, no I'm not asking these questions hoping for a quick fix?

So far this is one of the replies that piqued my interest. but still I have some question like is there a technique or I'll just have to change my POV and mindset on my own to start seeing the pain point and problems.

And at the end I would like to say that when you asked "You need to figure out what your goal is before you can start working on something meaningful and worthwhile to you". The thing is all I know is art and computer stuff [which is pretty geeky ] . I don't have any skills that a business person or a entrepreneur should have. And I'm also not from a engineering background. There is always a question I my mind that where am I headed towards, I can't pinpoint a rock solid goal or end of this journey that I want to start.

So what's your opinion.

 

[Andy Black]

Look at what people already spend their money on?

 

[BizyDad]

There is always a question I my mind that where am I headed towards, I can't pinpoint a rock solid goal or end of this journey that I want to start.

So what's your opinion.

You need to answer this for yourself. Strangers on the internet who do not know you are not the best people who help you pinpoint a rock solid goal or end of journey.

If this is something you really need someone else to do for you, sit down and talk to your parents. They know you better than any of us do. I'm sure they'll be happy to tell you what to do.

And, no I'm not asking these questions hoping for a quick fix?

Are you sure?

The thing is all I know is art and computer stuff [which is pretty geeky ] . I don't have any skills that a business person or a entrepreneur should have.

Yes you do. Plenty of businesses need someone who knows about computer stuff. Plenty of businesses need someone who understands art.

If you don't feel like you can solve problems for somebody, maybe you should keep building your skill set. And if possible, talk to some people who have problems.

There's no magic formula that I know of to discover problems. Some people read reviews on Amazon. Some people read forum posts. Some people use their own experience. Some people just talk to other people.

Do what works for you. Pick a direction. Keep going.

 

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[Cano]

Look at what people already spend their money on?

and then make it better than the existing solution.

 

[Shaswat singh]

You need to answer this for yourself. Strangers on the internet who do not know you are not the best people who help you pinpoint a rock solid goal or end of journey.

If this is something you really need someone else to do for you, sit down and talk to your parents. They know you better than any of us do. I'm sure they'll be happy to tell you what to do.



Are you sure?



Yes you do. Plenty of businesses need someone who knows about computer stuff. Plenty of businesses need someone who understands art.

If you don't feel like you can solve problems for somebody, maybe you should keep building your skill set. And if possible, talk to some people who have problems.

There's no magic formula that I know of to discover problems. Some people read reviews on Amazon. Some people read forum posts. Some people use their own experience. Some people just talk to other people.

Do what works for you. Pick a direction. Keep going.

Few months ago I watched a video from Y combinator and in that video they mentioned that, "If you can't come up with great start-up ideas, specialise in a valuable skill or field and continue on that path. And one day you'll definitely come across a problem worth solving". Video title :- "How to come up with great start-up ideas".

I liked that approach so

You need to answer this for yourself. Strangers on the internet who do not know you are not the best people who help you pinpoint a rock solid goal or end of journey.

If this is something you really need someone else to do for you, sit down and talk to your parents. They know you better than any of us do. I'm sure they'll be happy to tell you what to do.



Are you sure?



Yes you do. Plenty of businesses need someone who knows about computer stuff. Plenty of businesses need someone who understands art.

If you don't feel like you can solve problems for somebody, maybe you should keep building your skill set. And if possible, talk to some people who have problems.

There's no magic formula that I know of to discover problems. Some people read reviews on Amazon. Some people read forum posts. Some people use their own experience. Some people just talk to other people.

Do what works for you. Pick a direction. Keep going.

I recently watched a Y Combinator video that gave some great advice for aspiring entrepreneurs. They suggested that specializing in a particular skill or field can be a smart approach if you're struggling to come up with a startup idea and don't want to spend your whole life searching for one. While this approach may not guarantee that you'll stumble upon the perfect idea, it can increase your chances of success when an opportunity does arise. It was reassuring to hear that even if you don't have a concrete idea yet, developing expertise in something can still be a valuable investment in your future. Who knows, maybe the right idea will come along and all that hard work will pay off.
So is this a good approach.

And one more question

(I have some question like is there a technique or I'll just have to change my POV and mindset on my own to start seeing the pain point and problems.)

And I forgot to mention I've been very fascinated by video game my whole life and I do have a goal, I wanted to open a game development company like ubisoft, sony etc. I forgot about this goal thanks to this discussion I got it back.

In the end thank you to each an everyone for their replies.

 

[BizyDad]

Few months ago I watched a video from Y combinator and in that video they mentioned that, "If you can't come up with great start-up ideas, specialise in a valuable skill or field and continue on that path. And one day you'll definitely come across a problem worth solving". Video title :- "How to come up with great start-up ideas".

I liked that approach so

I recently watched a Y Combinator video that gave some great advice for aspiring entrepreneurs. They suggested that specializing in a particular skill or field can be a smart approach if you're struggling to come up with a startup idea and don't want to spend your whole life searching for one. While this approach may not guarantee that you'll stumble upon the perfect idea, it can increase your chances of success when an opportunity does arise. It was reassuring to hear that even if you don't have a concrete idea yet, developing expertise in something can still be a valuable investment in your future. Who knows, maybe the right idea will come along and all that hard work will pay off.
So is this a good approach.

And one more question

(I have some question like is there a technique or I'll just have to change my POV and mindset on my own to start seeing the pain point and problems.)

And I forgot to mention I've been very fascinated by video game my whole life and I do have a goal, I wanted to open a game development company like ubisoft, sony etc. I forgot about this goal thanks to this discussion I got it back.

In the end thank you to each an everyone for their replies.

There is the thread on the forum of a guy who is making his living creating games for phones.

Have the tenacity to find the thread and let it inspire you. If I remember correctly, the guy never worked for a gaming company. He took a course, and just started making games.

 

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