How To Have Perfect Clarity With Your Start Up – The First Importance Pain Framework
In this blog post, we’ll be discussing the importance of finding pain or problems in a market when determining what business to start or activity to engage in. Many people may have ideas for businesses or side hustles, but if they don’t find the pain and build their product or service around it, they are just guessing.
One way to approach this is to talk to your potential customers and see what their pain thresholds are, and if they are excited and willing to pay for a solution to their problem. This process of finding pain and building a product or service around it is crucial in making informed decisions about your entrepreneurial journey.
As an example, the software and service company CloudPano has found success by building product lines for specific industries and speaking to their customers to understand their pain points. This approach allows them to create products that solve real problems and meet a demand in the market.
Overall, finding the pain and building a product or service around it is a key aspect of entrepreneurship and decision making. By focusing on solving real problems, you can set your business up for success and make the transaction process easier.