Business Quote by @efiosiugbore
“Every business is a solution to problem. So first step is to create problem”
About This Quote
A business exists to address a problem, so creating a problem is the first step toward a solution.
In simple terms: Businesses solve problems; creating a problem starts a business.
Key Takeaway
Identify a real need before building a product.
Themes
entrepreneurship
problem solving
innovation
Mood
thoughtful
analytical
Type
advisory
strategic
When to use this quote
- startup ideation
- product development
- customer research
- business planning
Key Concepts
value creation
market need
Questions to Reflect On
- What genuine need does your idea address?
- How can you validate the problem before investing?
A Different Perspective
If the problem is artificial, the solution may lack relevance.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)