Entrepreneurship is about solving problems - 78/101 Entrepreneur Mistakes & Lessons
I used to think that entrepreneurship was about connecting the dots. I now know that entrepreneurship is about solving problems for people and being rewarded in proportion to the size of the problem that you solve for them.I use to think it was about connecting the dots: what product/service can you get from where, where does it need to be, who will buy it and at what price.One way to know what problems you can solve is to define your strengths and weaknesses and then build a business around them.I originally had the idea to start my third business a few years ago, but I wanted to it be so much more grand and complex. I wanted to involve hydroponic farming and creating a biofuel that would replace diesel and petrol. But I left it and over time I learnt new things that would, subsequently, change the strategy.I learn that you've got to build a business on your strengths. So I decided to scale the idea down and build it around what I know about: ecommerce, marketing and social media.Thus began the business: WeWantHemp and because in a previous lesson I shared with you the fact that you need to start a business with a purpose. The purpose behind WeWantHemp is to .This is done by educating people about as many facts, features and benefits of hemp. I'm working on solving the problem of a lack of Hemp awareness and demand in the world. Which is a business which can be scaled, and an product and principle which everyone has an opinion on.Question of the day: what problems are you solving for people? How big are those problems?There are another 100 mistakes that I made here.
Published on July 14, 2017 22:39
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