The bigger the problem you solve, the more you'll get paid - 81/101 Entrepreneur Mistakes & Lessons

This is how you become rich and/or become a billionaire: by solving big world problems and by doing so also helps you to think big. The bigger the problem you solve for the world, the more you'll get paid.You don't have to be a billionaire, but this is the principle for making money.Bill Gates solved a big world problem of the need to computerise the world, so he makes computers available to everyone.It is a similar story with Elon Musk, as he tries to get a humanity onto mars, create renewable energy and make an electric car that does not rely on fossil fuel.When you solve small problems for people, you'll get paid small amount. Remember: your income is directly related to the size of the problem you solve.This is also why a lot of employees still have a small income, because they are not solving a big enough problem. They are still solving a small problem at the company where they work.This also helps to explain why the rich continue to get richer, because:They focus on creating assets.Those assets solve more problems for people.The definition of a problem is anything. It could be information that someone lacked or was in need of, so they bought a book on the topic. It could be a service, like getting from A to B, thus they'd need a taxi or an airplane. Or it could be hunger, so someone buys food from you.The interesting thing is that people don't always know that they have a problem that needs solving, until you make them aware of the how your product makes their life better. Such as with Bill Gates and his computers- not everyone saw the benefit of using computers.Solving big problems is meant to be hard. It is that difficulty of the task that makes it great in other people's eyes. The harder it is, the more rewarding it'll be.Question of the day: what bring problems is your business solving?There are another 100 mistakes that I made here.