GW@GCA
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- May 23, 2023
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A lot of entrepreneurs spend a ton of time trying to find a problem to focus their effort on. Being an industry INSIDERS would certainly help with finding the problems that cause the most impact.
I'd definitely encourage continuing to research the issues in your industry to try and find pain points that you may be able to address and monetize. Do be aware that education can be very region specific and oftentimes comes entangled with bureaucracy/government (this is not to discourage, but just to warn). If you can find and address a problem that would address tutoring efforts worldwide it sounds like you may be onto something that could be worth something.
I would recommend quantifying the impacts of the problem in the industry to attempt to determine how valuable a solution is and who would be buying the solution. Is it the tutors themselves? Is it the students? Would it be the companies that provide software to the tutors? Answering these should help determine how to move forward with potentially building, pricing, and selling a solution.
I should warn that the virtual education market has gotten a lot of attention lately and there are probably a lot of people vying for a piece of it. But even if you aren't able to find a super strong pain point to sell a solution for, the practice of analyzing an industry, determining customers and ways to reach them will be useful for any entrepreneurial endeavor.
I'd definitely encourage continuing to research the issues in your industry to try and find pain points that you may be able to address and monetize. Do be aware that education can be very region specific and oftentimes comes entangled with bureaucracy/government (this is not to discourage, but just to warn). If you can find and address a problem that would address tutoring efforts worldwide it sounds like you may be onto something that could be worth something.
I would recommend quantifying the impacts of the problem in the industry to attempt to determine how valuable a solution is and who would be buying the solution. Is it the tutors themselves? Is it the students? Would it be the companies that provide software to the tutors? Answering these should help determine how to move forward with potentially building, pricing, and selling a solution.
I should warn that the virtual education market has gotten a lot of attention lately and there are probably a lot of people vying for a piece of it. But even if you aren't able to find a super strong pain point to sell a solution for, the practice of analyzing an industry, determining customers and ways to reach them will be useful for any entrepreneurial endeavor.