What problem do you want to solve

yoprcdfk

A problem solver with 5 different degrees and endless reserves of motivation. This makes him a perfect Business Owner & Manager. When searching for employees and partners, openness and curiosity of the world are qualities he values the most.

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The most important questions

This question is fundamental because not every problem can be Job Function Email Database solved with a product, and not every need can be met with a service. So think about the specific problem you want to solve. Is it a market need that would be better addressed by a product, or a service? Has someone already solved this problem by providing a service or selling a product? Do some research and get inspired.

What resources do you have?
Before starting a business, it is a good idea to realistically assess your resources. This includes not only capital but also skills, experience, and time. Product-based businesses may require more initial investment, while service businesses often rely on knowledge and skills. Asking yourself this question will give you a clear picture of your capabilities and limitations.

Does the solution have the potential for scaling?



Consider whether your solution has the potential to grow and scale. Products are often easier to mass produce and distribute, while services can be more customized and harder to scale. Determining the potential for growth will help you choose the right type of business.

What do you want to focus on - product or service development?
Do you want to be a manufacturer of innovative products, or are you more interested in providing quality services? Think about what you want to do as an entrepreneur. What kind of business do you want to run? This choice will influence your business development and marketing strategy.4 effective strategies for entering foreign markets