21 August 2024
21 August 2024
Great startups come from problems not ideas
Nowadays there is the misconception that one needs a great, revolutionary, idea to start a startup when what they need is a great problem. But what makes for a great problem? How can I identify a problem worth starting a startup? Startups are not simply new businesses, they are very peculiar businesses that require a lot of focus, time and dedication. Find out what is a startup to learn more on the topic.
What are the characteristics of a great problem to start a startup?
How can I find such a problem?
Paul Graham, co-founder of Y Combinator, explains it very well in his article How to start Google:
"Once you're good at some technology, when you look at the world you
see dotted outlines around the things that are missing. You start
to be able to see both the things that are missing from the technology
itself, and all the broken things that could be fixed using it."
If you are on the lookout for a great problem as the foundation to build your startup, I recommend you to:
Once you have gathered a list of problems worth exploring further, you should learn how to transform them into problem statements and how to do some basic user research to evaluate if what you gathered are the root problems that punch those who experience them in the guts or if they are simply symptoms. These two are fundamental steps to take to ensure you're building a product or service on solid ground or if you will learn it the hard way, hitting a wall.