How to turn your problem into a business opportunity can be quite a simple task if you can apply a little figment of imagination into problem-solving. Lots of business opportunities can be found by solving problems. In this article, I am going to show you an example of a business that solves a problem, and how to do so using real-life experience.
Purpose Of This Post
The purpose of this post is to:
- Explain how you can turn your problem into a business opportunity
- Show you how powerful your imagination can be when you put it to a good test.
- Open the eyes of your mind to see how you can view the problem differently.
- Try to put a definition into what the problem really is.
- Provide you with tools with which you can use to convert your problem into business opportunities online or offline.
What Is A Problem?
This is a question everyone is looking for an answer to and to be honest you may have asked yourself the same question many times before. It is a question that is always right there in front of you every day and the answer that come in a different form depending on individual experience. To say that there is a definitive answer to the question will be an understatement, to be frank. But in this article, I am only going to try and explain it by looking into real-life scenarios and borrowing some quotes from
great thinkers out there.
First, according to Wikipedia, “There are two different types of problems, ill-defined and well-defined. Different approaches are used for each. Well-defined problems have specific goals and clear expected solutions, while ill-defined problems do not. Well-defined problems allow for more initial planning than ill-defined problems”. And this is just the start. Let us look at more wider views from some scholarly experiences.
A problem is an unforeseen circumstance that when it occurs, seems insurmountable and overbearing and, or hard to solve. Its aftermath is fear, despair, strong emotion, self-degradation, negativity, frantic desperation, feeling down, worry, off-put, anger, and so on. The good news is that any problem that does not have a solution is never a problem in the
How? Good question and let me explain; In as much as it comes with all the above downsides, it also brings with it a good side too. Because when a problem hits you, it spurs up your adrenaline, it awakens your sense to full throttle and your subconscious mind will be fired up and in full gear. You are afraid because you can’t seem to find a solution and so your brainstorming mood is in full capacity.
If you can turn the table around and see through the eyes of your mind and think outside the box, you will see that the same problem actually has windows of opportunity too.
Quotations About Solving Problems And Turning Problem Into Business Opportunity
“Whenever God wants to give us a gift, he wraps it up in a problem”Norman Vincent Peale. And according to Lloyd Conant, “ You don’t earn the right to solve big problems until you have solved the small ones”.
Henry Kaiser in fact well put it that “ Problems are
only opportunities in work clothing. The question then is how do you see
Can you identify the opportunities that lie in every problem? Yes, we are human and human begins are allowed to worry in terms of when problem strike. We are wired like that. Ray Dalio asserted that “ The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it’s silly, pointless, and harmful to be upset at the problems and choices that come at you even though it is understandable”.
The same the author also said that “Since the only way you are going to find
solutions to painful problems are by thinking deeply about them, that is by reflection, and if you can develop a knee-jerk reaction to pain that is to reflect rather than to fight or flee, it will lead to your rapid learning and
Isaac Asimov asserted that “It has been his philosophy of life that difficulties vanish when faced boldly”. Meaning, you have to find a different way of looking at a problem. Mike Leavitt said “ There is
a time in the life of every problem when it is big enough to see, yet
small enough to solve” And I totally agree with that. An example
isolating your problem from others.
According to Bill Russell, “ If you isolate your problem from others, your chances of solving it are thin. Problems require wisdom, and wisdom requires perspective. Other people provide that perspective”.
The underlying message behind all these great quotations about solving a problem is that in every problematic situation, there is always a solution to it. If you can’t find a solution, then it is never a problem, to begin with. I liked how John Walker summed it up by saying “Opportunities are merely problems that promise to pay off after sufficient work”. The question now
is, are you ready to put the sufficient work needed?
Therefore, flip the switch on problems. Stop looking at it a problem as a problem and start seeing it as an opportunity. In the process of finding a solution and actually solving the problem, the in-between is your business opportunity.
The solution is the key.
How did you solve it?
What did you do?
The question of how you solved it should be a framework for your next
venture. The final question is, do you want to turn it into a business
opportunity or render it out of love?
Again the solution is the key. If you can help someone else with a similar problem by providing the means you used in solving yours, that concept right there can be turned into a business. The choice is really up to you.
Turning Your Problem Into A Business
Turning your problem into a business opportunity is the interesting part because this is where I will be using various scenarios of life examples to drive the message home.
First is being broke. Being broke is a problem.
In fact, it is a big problem. You know why?
Because if you are broke, you cannot take care of your family. You cannot enjoy life at full crush. When you are broke, you cannot buy the things you want or travel to anywhere you want to go. You will be limited to certain
necessities as a result of your inability to afford those things.
Your needs will be overwhelmed and overtaken by your own wants in life.
Your needs are no longer important when you are broke. It is your
wants. Your marginal propensity to save out of your consumable income
will be equal to zero because you have zero income coming in.
Being broke is the worst kind because it is happening right before you and even though you are well and healthy but seems not to know what to do. But that does not mean it is the end of the world does it?. So what’s the solution?
The solution is to do something about it. You can start by doing what I
call a self-assessment to find out what skill you have within you
that can help someone out there. When you find it, you can then
monetize such skill to change your financial situation. Today you can
start a small business totally on a shoe strings without breaking a
bank. How? Thank God for the internet.
Tools To Turn Being Broke To Not Being Broke Any More
- First, you will need to believe in
God and yourself. You will need to be confident that you want to do
something to make a change and be willing to do it.
- Second is the internet. There are tons
of ways to start earning money online without spending much. An example is, you can sell your old stuff on eBay. That may be a little bit fruitful with time and patience it pays off.
- Write an eBook about your talent or set up a blog to talk about your skill and then do affiliate marketing within a niche that re-sonnets with your talent. This is by far one of the easiest ways to make money online nowadays. A good example is to join Wealthy Affiliate program for example. They have the best help and support plus tons of free video tutorial to help you get started. As a free member, you will get two free websites to talk about your talent and do affiliate marketing.
- You can also write an eBook about your skill. You can read my book on “How To Use Your Imagination To Turn An Idea Into A Successful Online Business” and learn how to turn your skill into an eBook and make money online.
Turning Bad Shopping Experience Into A
Turning bad shopping experience into a business opportunity originates from one life story I heard about a young lady during the course of researching for this article. Again no name or place will be mentioned for obvious reason and if you need more proof, please Google it up as I do not take credit for unrelated works.
The story is; she ordered a particular size of clothing online but the wrong size and design were delivered to her instead. After complaining to customer service help center online, she was not getting the right help she needed and this became a problem.
After days of unresolved issues regarding her purchase, she took the rant to one of the social media. She posted a video of herself explaining what went wrong with her purchase order and how it cannot fit. She even threw in some suggestion about what remedy can be made if the companies cared to listen.
The video went viral so fast that many companies in a similar business are now contacting her with clothes to wear and review online using the same social media just like she did.
Today she has become a lifestyle and shopping expert bloggers with plenty of views and followers. Don’t forget the revenue that is coming from every advert that was placed on her video.
That could be anyone, it could be you reading this and it could be your next neighbor or friend. You have all it takes to change your financial future. All you have to do is go for it. You can apply this method to anything in life. You are the only limit to what you can achieve in this life.
How You Can Turn Your Problem Into A Business Opportunity Online
As a conclusion, I will leave you with these questions;
- What problem do you have that can be turned into a business opportunity online today?
- Have you lost a job recently?
- Do you hate your job?
- Are you in debt?
- Is your business sinking to the ground?
- Are you having difficulties relating to people?
- Are you stack broke that you can’t even afford the next meal?
- I mean what is the possible worst situation you can find yourself into, that you can’t seem to get out of?
You can begin by tapping into any skill set you have got that can be used to help someone out there. Look into those problems you have and see how possible it affects others. Take yourself out of the context and think outside the box. Use your imagination and put that to the text. There is an article about turning your imagination into an idea here that can help you understand positive thinking better.
How Tiger Wood Turned His Problem Into A Success
We all know the story behind the great golfer Tiger Wood. I mean his story alone should be an inspiration to all of us.
The guy lost everything;
- He lost $500 million in a divorce settlement.
- He lost his game and went on losing spree.
- He lost ad promotion with Nike.
- He lost out of the tournament.
- He had an injury and was believed not to be able to walk again.
- He took drugs and went into rehab.
- He failed abysmally and was even written off by his huge fans.
- 11 Years later, he came back and won the masters.
He believed that only he can make that difference. He believed in himself and God that he will pull through. He did not give up. Instead, he fought back. He faced his demons and look them right in the face and said let us do this. He came back and won his position back.
Everyone should take a page from his story.
If you have access to a computer and the internet, create a free website here under a few seconds and start monetizing your skills set by blogging about it. This works without spending a penny. But you have to be willing to put in the work.
If I have missed anything please feel free to contribute below. This is how you can turn your problem into a business opportunity. If you are stuck with finding ideas, grab a free copy of my ebook on how to quickly find ideas. Please share and help us spread the word.