The greatest entrepreneurs know there are two questions for yielding of profit: (1) What’s the problem? (2) How to solve it?
In this enormous world we’re living in, pursuing a business could be tough if you don’t have goals and a purpose. Opportunities are abundant, but a successful entrepreneur sees it and knows how to grab it. Even in our daily life, we can spot a few problems that can be turned into a business plan. Being aware, awake and with wide-eyes can help you detect the everyday issues that your startup can solve. If you’re thinking about what business to make, here are 7 problems that people face daily, which entrepreneurs can solve in return of a profit:
#1 Quantifying the Value of Human Capital
Humans are one of the biggest investments in our lives. Choosing the right person for a job is the most critical step towards building a blooming business. Knowing who to build relationships with, and identifying the people who are worthy of our trust has been a baffling enigma. For now, we really can’t be 100 percent sure when it comes to choosing people. Hiring and trusting people, it’s always a gamble. To fix this problem, we must create a tool or a system that can measure a person’s trustworthiness, work ethic, or value system. This way, we can be sure when selecting the right person who will babysit our children, who will be our business partners, our roommates; even who to date and who to marry. This solution may be possible if we’ll find a way to track more of the person’s personal data. In return, we will make life’s most important decisions with better, more informed, and trackable data.
#2 Cell Phone Batteries
Are you one of the people whose phone always runs out with battery? We wouldn’t get surprised if yes, because most of us do. No matter how advanced the technology of your device is, it will not make of a good use if it doesn’t have a battery. Nowadays it’s a common problem that phones are quickly running out of energy. So people are carrying power banks, cables and chargers wherever they go. However, the time has come that we get rid of those. The probable solution? Wireless charging. Though there are now mobile phones that can do wireless charging, only a small portion of phones can do it. Imagine, if there’s a tool or a gadget where phones can charge wirelessly, just like when connecting to a WiFi, we won’t be needing to charge our phones using annoying cables and bulky power banks. This can be done with the use of magnets. A couple of small projects have tried wireless charging, however, there is still insufficient study to make it global, or make it powerful enough. If you are a technology junkie and an aspiring entrepreneur, it could be you who would provide a solution to this daily gadget dilemma.
#3 Healthy, Tasty and Cheap Food
Here’s the problem with food: if a food is tasty, it’s probably not healthy. If a food is healthy, it’s probably not tasty. If a food is tasty and healthy, it’s probably not cheap. So how can we choose? The growing number of food-related diseases like obesity and heart problems is because healthy, tasty, and cheap foods are as rare as stumbling on an endangered species. We are living in a world of high technology, but our sources of food get worse as time goes. Maybe it’s time to change our eating conventions. How about we find a way to produce healthy, tasty and cheap food and make it the norm.
#4 Zips that Won’t Zip
We are living in the year 2017, but there are zippers that still won’t zip — like it’s still the 18th century. What happened to the innovation of zippers? This is a daily and a small problem that we have to face, and it is time to make a change. Aside from it can be a total nuisance, malfunctioning zippers can cut your skin, waste your time, or both. Imagine if you can’t present yourself in a meeting because the zipper of your pants won’t zip. Or you’re attending a fancy, all-professional party and the zipper of your gown fails. We may think that investing time to innovate new type of zippers is a total waste, but no. It is a problem that has been going on for centuries and no one hasn’t bothered to solve. Your startup could be the one who will give the solution to this miniscule yet obnoxious issue.
Living in a digital world means there is an inevitable growth of e-waste. As technology changes faster now more than ever, humanity has an irresistible urge to keep up with the flow. We want the newest technology available. We want the latest phones, gadgets, televisions, home appliances and whatnot. The result? E-trash swell. If you’re thinking where do all the outdated technologies go, if not in your drawers, they go under the soil. The problem is, these gadgets have harmful components that may harm the Earth and the living creatures. Chemicals like lead, mercury, cadmium, may pass through landfills, seep into the ground and pollute the water. Everyday we dispose gadgets, and the e-waste grow in number every year. If you care about the environment, and you’re thinking about a business that can also help save the world, find a solution to this everyday problem.
#6 Conventional Sitting Position
Humans are spending most of their life sitting on a chair on their bums. We thought it’s completely safe and natural, so what’s the issue? What not many of us know is that this conventional sitting position has been the culprit behind deaths from cardiovascular disease, cancer and type 2 diabetes. However, until now we haven’t found the solution to this temptation of sitting on our bum. We sit in this position during our long hours in the office, while we commute, when we’re at home, when we’re outside — people sit everywhere all the time, and it’s taking a toll on our neck, tail bone, spine and core. Great minds must collaborate to give solution to this problem. If we can only find an alternative sitting position, humans may live a healthier life.
#7 Ironing Clothes
If your job requires you to present yourself nicely, ironing your clothes is necessary. The problem with ironing clothes is its time and energy consuming. Not everyone is patient enough to do the work, numerous people are not even skilled to get rid of the wrinkles of their clothes. Furthermore, how you’d iron your clothes depends on the type of its fabric, size and variegate design. We need an innovative invention of new ways of ironing clothes to make the task faster, easier, and less complicated.