Many people aspire to be entrepreneurs but if you ask them they will tell you hat  they haven’t started a business yet, and their usual excuse is “Because I can’t figure out an idea for what I want to do yet,” or the more common, “I don’t know where to start.” In both cases, the lack of ideas is what stops this group of people.

If you have this problem just ask this question: what is the pain? If you’re looking for profitable ideas, pick a market and find the problem. How? By asking people some good questions.

There are two most valuable questions you can ask to extract profitable ideas:

  1. What is the most important activity you do in your business?
  2. Do you have any problem associated with this activity?

Once you’ve depleted the person of responses, and they can’t think of any more answers, it’s time to do the most important aspect of idea extraction: validating that you understood what they said.

Simply repeat back what they said for each answer and follow it up with, “Did I understand you correctly?” This process is magical because they will usually respond with, “Yes, and…” What comes after is where you’ll find even more great material.

The whole goal with this process is to find the pain, document it, define it, and then describe it back to the customer better than they can themselves. Once you’ve done that, your customer will unconsciously assume that you have a solution.

And better yet, once you’ve clearly defined the problem, your mind will flood with ideas for how you can solve it.

(function(){var e=function(a){return"number"==typeof a},f=function(a,b,c){return,arguments)},g=function(a,b,c){if(!a)throw Error();if(2=b||0>=c||0>l||0>d?!0:l>=this.g.left&&b-l>=this.g.right&&d>>=this.g.bottom}b||(a.preventDefault?a.preventDefault():a.returnValue=!1)};var m=function(a,b){b||(b="");b=new k(b);b.h=a;a=b.h;var c=h(b.i,b);a.addEventListener?a.addEventListener("click",c,void 0):a.attachEvent&&a.attachEvent("onclick",c);return b},n=["googleInitIc"],p=this;n[0]in p||"undefined"==typeof p.execScript||p.execScript("var "+n[0]);for(var q;n.length&&(q=n.shift());){var r;if(r=!n.length)r=void 0!==m;r?p[q]=m:p[q]&&p[q]!==Object.prototype[q]?p=p[q]:p=p[q]={}};}).call(this);googleInitIc(document.body,” 10,10,10,10′);



Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website ( or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?