60 Problem Solving Business Ideas To Start In [2024]

Are you interested in problem solving business ideas? If you want to establish a business that solves daily difficulties, there are several areas you might focus on.

This post highlights some creative problem-solving business ideas you can consider.

In this list of ideas, you can find:

  • Home-based businesses.
  • Low-investment online business ideas that solve problems.
  • Unique business opportunities you can start from home.

Here is the full list:

1. Start an appliance repair business

An appliance repair business helps clients install, repair, and maintain common household appliances like microwaves, dishwashers, refrigerators, cookers, etc. An appliance repair technician can specialize in certain lines of appliances or offer general services.

To become an appliance repair technician, apply for the prerequisite training course and focus on acquiring the necessary work experience. You may work under an appliance engineer and kickstart your business when you have relevant skills.

How much you can make: $4,000 — $100,000/month

new problem solving business ideas

Retro Radio Farm founder, Allen Chiang, earns $50k per year as a side business restoring old radios and offering Bluetooth MP3 upgrades, with the business growing 20% every year.

new problem solving business ideas

2. Start an equipment cleaning & repair business

The equipment repair market is witnessing an upsurge and will maintain the momentum over the next decade.

Given the rise in demand for electronic products and home appliances, there will be an increase in equipment cleaning and repair, services critical to the continued functionality of various equipment. It is only a matter of time before an appliance break needs a bit of upkeep or even some cleaning and greasing.

Thus, if you have basic mechanical or electrical engineering skills and experience, why not take your knack for keeping things running and turn it into a good equipment cleaning and repair business? To start, you may operate door-to-door from your neighborhood and open a physical location as the business grows.

How much you can make: $708,333/month

How long does it take to build: 180 days (?)

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This case study follows the story of a couple who bought a profitable but limited manufacturing company for $535,000, revamped it, and took it in a new direction to grow their annual revenues to approximately $10,000,000 by developing ultrasonic equipment that addressed industrial cleaning using water-based detergents instead of environmentally toxic solvents.

new problem solving business ideas

3. Start an auto repair business

Many people just love to tinker with, fix and repair cars. This is an all-consuming hobby for some people. They like to take things apart and figure out how things work. The process of fixing and repairing cars is almost therapeutic for them.

An auto repair business is a rewarding way to make extra money or build an entire business.

You can do it in the comforts of your own home, working around your schedule and getting paid handsomely for it. The United States automotive service market is expected to reach $75B by 2026 .

How much you can make: $415,000/month

How long does it take to build: 40 days (?)

new problem solving business ideas

Finish Line Towing & Auto Repair is Wisconsin's largest roadside assistance provider, bringing in $5 million in annual sales through its dedication to customer service, effective dispatching, and clean service, with a goal of expanding to other markets in Wisconsin and Illinois.

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4. Start an ac repair business

Research shows the HVAC market will grow at a CAGR of 6.1% and reach $82.5 billion in the next few years.

The growing construction business in major emerging economies and the ever-increasing end-user markets, such as data center markets, are some of the major factors driving the growth of the HVAC services market.

Like other electrical appliances, HVAC units break often and require regular maintenance. As a result, the demand for HVAC repair is high.

Therefore, starting an AC repair business can be profitable. To start, you need a skilled AC repair technical team. Target commercial and residential customers, and market your business online as most people search for AC repair services through the web.

How much you can make: $200,000 — $1,878,618/month

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TruTech Tools, LTD is one of the largest online stores in the niche market of tools and test instruments for HVAC/R Technicians, with $16 million in sales in 2020 and 20% YoY growth thanks to a focus on providing an exceptional customer experience and staying true to their core values.

new problem solving business ideas

5. Start a chimney repair business

Brick and stone chimneys require maintenance and upgrade to keep them structurally sound and functional. Some regular chimney repair tasks will include repairing and replacing rain pots, rebuilding chimney crowns, and installing new bases and flashing counters.

Thus, starting your own chimney repair business can be a very profitable, so long as you have basic masonry skills and experience. To start, you can offer the services to your neighbors just to showcase what your business offers. If you are not an experienced mason, you can hire skilled professionals and outsource the orders to them.

How much you can make: $21,000/month

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Patriot Chimney, a Virginia-based chimney repair company founded by three friends, generated over $212,000 in its first year of operation, using a mix of digital and in-person marketing and customer retention strategies, and plans to expand its business and customer base with new initiatives including an online store and non-profit organization.

new problem solving business ideas

6. Start a language translation service

Language translation services bridge the linguistic barriers, helping businesses reach a wider audience outside of a single language. A language translation job is an opportunity to cover a wide range of topics and meet people from different cultures.

To become a language translator , master a second language and earn some experience so you become fluent in the second language.

How much you can make: $40,000 — $550,000/month

How long does it take to build: 70 days (?)

new problem solving business ideas

How this founder started a $100K/month guaranteed transcription service for medical, legal, law enforcement, financial, academic and general business industries, winning the NASPO ValuePoint transcription services contract over 26 other companies and learning valuable lessons about getting a coach and getting as much PR as possible.

new problem solving business ideas

7. Create an online course

An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.

As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.

With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.

For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.

How much you can make: $350 — $1,000,000/month

How much does it cost to start: $1,850 (?)

How long does it take to build: 76 days (?)

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Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.

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8. Start a child care business

Starting a childcare business is a great way to build a steady income. You will have the opportunity to be your boss and set your hours even from home. You will have the satisfaction of building one-on-one relationships with children and watching them grow over the years.

A childcare business is an excellent idea. It is both a personal and economical investment for its owners. This is especially true if you are considering starting your non-profit organization or becoming licensed to provide child care. Running a childcare business allows you to help children develop while also making money. As with any business endeavor, running a childcare business has its ups and downs, but it can be very rewarding.

How long does it take to build: 60 days (?)

9. Become a social media influencer

Social media has become integral to people's lives and daily routines. Given the importance of social media, brands are flocking to different social media platforms such as Instagram, YouTube, Facebook, and TikTok in the hope of connecting with their target audience.

A popular approach taken by these brands is engaging social media influencers. A social media influencer has established credibility in a specific industry and has access to a vast audience they can persuade to act based on recommendations.

Anyone can become a social influencer so long as they have the right strategy. Choose a popular niche based on your interests and start creating relevant content.

How much you can make: $2,500 — $166,666/month

How much does it cost to start: $800 (?)

How long does it take to build: 155 days (?)

new problem solving business ideas

How one mother built a profitable frugal motherhood, life, and travel blog from scratch, using Instagram, Pinterest, and paid sponsorships to grow from 0 to 18.5K followers and generate $1,500-$3,000 per month in less than two years.

new problem solving business ideas

10. Start an online fitness business

Thinking of starting an online fitness business?

Online fitness is growing rapidly in popularity because it’s convenient, affordable, and accessible to everyone. The best part is that you can stay in your home to start.

Starting an online fitness business can be a great way to make money and help people. When you start an online fitness business, you don’t have to worry about overhead costs like rent or maintaining a physical location - all you need is a computer and an internet connection to get started.

How much you can make: $2,000 — $500,000/month

How much does it cost to start: $2,250 (?)

new problem solving business ideas

This case study is about a former personal trainer who launched his online personal training platform, TeamFFLEX, starting with no money and a lot of drive, and grew it into a 6-figure business in less than a year, now doing $48,000 a month with potential for continued growth.

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11. Start an event planning business

Event planners handle different tasks related to making the business a success. Some of the event planner’s responsibilities include:

  • Conducting research
  • Creating the event design
  • Finding an ideal site
  • Arranging for food, décor, and entertainment
  • Planning logistics to and from the event
  • Sending invitations
  • Supervising at the site etc

To start this business on a budget, begin by honing your organizational and communication skills.

Next, create a detailed business plan outlining your services, target market, and pricing structure.

Utilize free or low-cost online tools for marketing, and consider starting small by offering services for smaller events before expanding your business as you gain experience and resources.

How much you can make: $20,000 — $500,000/month

How much does it cost to start: $1,000 (?)

How long does it take to build: 90 days (?)

new problem solving business ideas

Akshay Patel's event rental and decor business, Simply Decor, Tents, and Events, saw an average ticket price of $2,000, as their advertising budget decreased from $20k to $5k, leading to 40% of their clients coming through social media advertising, 30% from expos, and 30% online in google, yahoo, and other platforms.

new problem solving business ideas

12. Start a tutoring business

Starting a tutoring side hustle is a great way for teachers and students to earn extra monthly income.

If you are considering becoming a tutor, find an ideal tutoring niche, and craft a tutoring website.

Then, find your tutoring clients and market your side hustle online. You can choose to offer online tutoring as a part-time or full-time engagement.

How much you can make: $1,000 — $830,000/month

How much does it cost to start: $100 (?)

How long does it take to build: 15 days (?)

Time commitment per week: Min. 5 hours/week

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A 22-year-old entrepreneur started an online SAT/ACT tutoring company from his bedroom which has seen a linear increase in student sign-ups each month, currently bringing in an average revenue of $15,000 a month and plans to triple in 2020.

new problem solving business ideas

13. Start an online language coaching business

The world has become more globalized. Businesses have become cross-border, and executives have to travel to meet new customers. One thing that is obvious is that there is a need for language translation services.

If you have proficiency in one or more foreign languages then you can consider working as a language coach.

Teaching a language online is intensive as you have to meet and communicate with the audience often, and check their progress. If you are looking for an opportunity to earn working online, consider starting online language lessons.

How much you can make: $10,000 — $120,000/month

How much does it cost to start: $500 (?)

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Andalus Institute is an online language learning institution that teaches Arabic to students in an average study period time of 15 months, unexpectedly crossing 6 figures in revenue within the first 6 months of launch and has since averaged $30,000 per month in revenue.

new problem solving business ideas

14. Start a junk removal business

Households and businesses need help hauling away broken furniture, clearing out trash, and even emptying properties during a foreclosure. Therefore, the demand for junk removal services is high. Starting a junk removal business can be profitable if you own a box truck and are looking for self-employment opportunities.

To begin, perform market research in your area, and apply for the necessary regulatory permits or licenses. Build a website and market your services.

How much you can make: $4,000 — $230,000/month

How long does it take to build: 20 days (?)

new problem solving business ideas

23-year-old Sam Evans founded You Call We Haul Junk Removal which brings in around $20,000 in revenue per month with a profit of 65% per job, servicing any individuals who have unneeded junk, and aims to franchise the business in the long-term.

new problem solving business ideas

15. Build a home security system

Home security systems are an effective way to deter criminal activities and safeguard valuable possessions.

Homeowners opt for high-quality security systems to monitor their homes remotely, while also enjoying the added benefit of lower insurance premiums, up to 20%.

Starting a home security systems business can be a profitable venture, especially as more homeowners prioritize safeguarding their investments.

To start, you can partner with a home security systems manufacturer as a distributor or technical expert. Alternatively, you can create your own line of security systems from scratch.

To become a successful business owner in the home security industry, it’s important to have a basic understanding of technology and electrical systems.

This knowledge will enable you to install the systems correctly and earn recommendations from satisfied customers.

How much you can make: $18,000 — $70,000/month

How much does it cost to start: $1,500 (?)

How long does it take to build: 30 days (?)

new problem solving business ideas

Konnected founder Nate Clark shares how he developed an open-source solution to his own home security struggles, growing the business to generate an estimated $1 million in sales annually.

new problem solving business ideas

16. Become a cybersecurity blogger

Every day, businesses and private systems are targeted by cyber attacks.

Highlights of the Check Point Cyber Security Report show that cyberattacks against corporate networks increased by 50% in the past year.

Therefore, IT professionals and all computer users are interested in understanding the changing cybersecurity landscape.

If you're interested in earning a good income by teaching cybersecurity, starting a cybersecurity blog is a great idea.

However, the cybersecurity niche is vast, dynamic, and can be overcrowded.

To ensure success, you'll need to identify your target audience and understand their pain points.

Research your competition to find out what type of content they are covering, and focus on creating even better content to engage and educate your readers.

How much you can make: $25,000/month

new problem solving business ideas

All Things Secured is a personal security and privacy brand with over 100,000 YouTube subscribers, 160 written guides, and 110 videos that have reached 11 million people worldwide; the founder's goal is to make online security and privacy attainable to anyone regardless of their age or technical proficiency.

new problem solving business ideas

17. Start a digital agency

A digital agency’s task is to make a business reach its advertising, marketing, or technology-related goals. Anyone with enough knowledge and passion for digital marketing can start and run a profitable digital marketing agency. With the proper skill set, the right tools, and the right mindset, you can start a successful digital agency.

The global digital agency market reached a value of nearly $305B in 2020 . The future growth prospects of the digital agency market are projected to be high due to the rising population of people consuming and creating content through digital channels.

How much you can make: $100 — $3,699,632/month

How much does it cost to start: $2,000 (?)

new problem solving business ideas

18. Start a phone case business

With the number of mobile phone users increasing, there are opportunities for accessory makers such as phone case manufacturers to make a profit. Building a business around making and selling phone cases is relatively easier to produce. You can print labels on-demand, starting with a lower risk, or buy them in bulk and sell them online.

The global mobile phone protective cover market is expected to reach 75.62 billion in the next few years.

Phone protective covers often make a statement and reflect a person’s social and cultural preferences. Phone case manufacturers take advantage of such considerations and keep their products relevant and up-to-date to attract a more extensive customer base.

Remember, as with any industry with a low entry barrier, there will be competition. Therefore, you must study customers’ tastes and preferences and offer customized phone cases.

How much you can make: $120,000 — $125,000/month

new problem solving business ideas

Felony Case, a Toronto-based company designing unique iPhone cases, started as a small shop on Etsy and has grown to become an internationally recognized fashion iPhone case brand sold in top tier retailers like Nordstrom, Holt Renfrew, Indigo, Urban Outfitters, Revolve, Free People, and made over half a million dollars in revenue last year.

new problem solving business ideas

19. Start a supplements company

A supplement business makes money by selling dietary supplements, vitamins, protein powders, and health foods to customers.

These products are often sold directly to customers or through distributors and retailers.

Your target customers will likely include fitness enthusiasts, health-conscious individuals, wellness influencers, and those who prioritize their nutrition daily.

Starting a supplement brand is becoming increasingly popular because it's relatively inexpensive, and you can run the business from your home.

How much you can make: $1,000 — $3,500,000/month

new problem solving business ideas

A military officer turned entrepreneur built sports nutrition brand Bare Performance Nutrition from $15,000 in year one to on track to generate $6m in revenue this year, leveraging social media platforms and creating interactive, relatable and valuable content to create a community and a brand voice.

new problem solving business ideas

20. Start a marketing agency

Marketing agencies can be a great option for businesses looking to advertise in different ways. For businesses, hiring a marketing company can help them achieve success as they don't have to spend money on employees or needed equipment. Marketing agencies are not inexpensive and there are many different variables that come into play when deciding which one is the best fit for your business.

You want to start a marketing agency, but don't know where to begin. You're not alone, there are thousands of entrepreneurs across the globe that have the same ambition. Luckily for you, compiled a list of how other agencies were able to grow their agency and scale effectively.

How much you can make: $1,300 — $8,500,000/month

How long does it take to build: 36 days (?)

new problem solving business ideas

A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.

new problem solving business ideas

21. Start a life coaching business

Life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.

Life coaching is a popular industry worth over $2.85 billion, and the number of life coaches has increased by 33% between 2015-2019 .

This is a very profitable business and can be started at virtually no cost. You’ll need a computer, a high-speed Internet connection, and a LinkedIn account to start. Then, you can begin coaching part-time in your spare time until you build up your clientele.

How much you can make: $100 — $120,000/month

How much does it cost to start: $750 (?)

new problem solving business ideas

GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.

new problem solving business ideas

22. Start a furniture business

The furniture industry involves designing, manufacturing, and selling various types of furniture for household and commercial purposes. With the increase in flexible workspaces and the real estate industry’s growth, the furniture business’s demand is boosted.

The furniture business is easy to start and does not require high investments. However, it is first essential to know your niche, for example, office, domestic, home furniture, and luxury items.

The furniture business needs a lot of preparation and prior knowledge. Taking business classes, learning about your local market, and making a solid business plan is advisable. In general, if your products are unique and one of a kind, consumers will be willing to pay a higher, including the shipping cost.

How much you can make: $6,500 — $999,999/month

new problem solving business ideas

Sasha Weekes, owner of Timber Grove Studios, turned her fine arts and cabinetmaking education into a successful home-based woodworking business that grew from a side project to netting 20-50% profits month-to-month and up to $10,000 in sales during peak periods through Etsy, with her company's growth continuing to increase through other social media outlets.

new problem solving business ideas

23. Start a meal prep business

A meal preparation business is a service that delivers prepared meals to its clients in the comfort of their own homes. The meal preparation business is a fast-emerging niche that offers a real opportunity to earn good money. To succeed, the starter must be efficient in the meal preparation and ensure proper communication skills. Besides, the entrepreneur must keep time when it comes to delivery to avoid customer disappointment.

A global survey shows that demand for food delivery service is on the rise. This is as people get busier with their careers and other more important tasks, leaving limited time to prepare meals and bond with friends.

Therefore, starting a meal preparation business can be a great way to earn extra monies.

How much you can make: $50,000 — $600,000/month

How long does it take to build: 7 days (?)

new problem solving business ideas

Healthy Chew is a profitable weekly meal preparation service that grew from 200 to 10,000 weekly bowls in just over 3 years, with an overall sales figure of $1.8 million, achieved through effective branding and personalised customer service.

new problem solving business ideas

24. Start a skin care product line

The skincare business is a multi-billion dollar one, and it shows no sign of slowing down. New anti-aging products are entering the market at a nearly exponential rate, and the competition for consumers' money is growing more and more.

The industry was valued at 130 billion USD in 2021 and will expand at an annual growth rate of 4.6% up to 2030. This is surely a type of business that you should not miss. You'll need to build your creativity on your products and make sure that it is all safe and useful in improving the skin of your customers.

How much you can make: $300 — $1,000,000/month

new problem solving business ideas

Two moms start a side hustle selling all-natural body products, doubling sales since their launch in 2017 with over 75 craft shows, promoting a non-profit source for their shea butter and self-promotion through podcasts, lining up retail interest from exposure.

new problem solving business ideas

25. Start a freelance writing business

Freelance writing can be a good career choice if you are looking for a flexible online job.

Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,

To earn good money as a freelance writer, you need the following personal qualities:

  • Strong writing skills
  • Ability to meet deadlines
  • Stay on the cutting edge
  • Be a self-starter
  • Be up-to-date with the current writing tools & writing trends
  • Proper communication skills

How much you can make: $700 — $320,000/month

How long does it take to build: 56 days (?)

new problem solving business ideas

How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.

new problem solving business ideas

26. Start a graphic design business

Graphic designers create logos, brochures, ads, and other marketing materials for companies and organizations. They also design websites and other digital content, including social media graphics.

Graphic designers may specialize in one type of design (such as print or web design), or they can be generalists who do everything from logo design to social media graphics.

Starting a graphic design business can be one of the most rewarding things you’ll ever do. It’s not easy, but if you’re passionate about design and want to make a living, starting your own graphic design business is a great way to go.

Consider a suitable pricing structure when starting a graphic design business. You may charge the customers per hour or fixed pricing based on the project’s nature.

How much you can make: $2,500 — $1,750,000/month

How long does it take to build: 87 days (?)

new problem solving business ideas

Learn how two friends bootstrapped a SaaS business to $55k monthly recurring revenue (MRR) by creating a simple graphic design tool for non-designers and focusing on content marketing for customer acquisition.

new problem solving business ideas

27. Become a freelance app developer

A freelance app developer is a programmer who creates mobile apps for Android and iOS devices. Freelance app development business targets creating various apps that give a user-friendly experience.

To become a freelance app developer, first, touch up on your skills. There are several courses available online. Once you obtain the certification, choose your niche and focus on your skill set.

Then the best way to showcase your work is to build a portfolio website where you will display your skills, projects, and testimonials. Another way to promote yourself is to create your brand and blog. This will, in turn, build a network, and you will be able to connect with people and attract more clients.

How much you can make: $6,000 — $91,000/month

How much does it cost to start: $350 (?)

new problem solving business ideas

A software agency started by a non-technical founder helps diverse clients with their minimum lovable product, boasting a revenue of over $700,000 this year with a 20% profit margin and a team of 8.

new problem solving business ideas

28. Start a natural beauty product business

Natural beauty products include aloe vera, honey, or cocoa butter. They contain no chemical or synthetic elements.

The global natural skin care products market size was valued at $6.7 billion in 2021 .

Thinking about launching a beauty product line? What’s holding you back? Check out our case studies below to see how others have done it!

How much you can make: $300 — $100,000/month

How long does it take to build: 227 days (?)

new problem solving business ideas

Bey Moss, an e-commerce platform selling sea moss-infused health and wellness products, made over $800,000 to-date with less than $10,000 overall in ads after validating the product idea through reviews and feedback and leveraging their social media following to build a Bey Moss community.

new problem solving business ideas

29. Start a bridal accessories store

Bridal accessories are a great way to help you complete your wedding day look. Bridal accessories are something similar that surrounds weddings in our society. Bridal accessories are all the rage nowadays. These pretty things create the perfect set of accessories for the bridal.

The Bridal Wear market in the USA is estimated at $26B in 2020 .

A bridal accessories store can provide you with high income and the ability to hire. Bridal occasions are exceptional and endure several phases. You could start a bridal accessories business with access to millions of customers from the first introduction until they get married.

How much you can make: $50,000/month

new problem solving business ideas

East Meets Dress, an e-commerce store that offers Chinese wedding dresses and traditional outfits, grew to a six-figure annual recurring revenue ($25k/month) in just one year by targeting Asian-American brides in the U.S and high school students looking to wear cheongsams to prom to celebrate their heritage.

new problem solving business ideas

30. Start a home decor business

Are you a talented interior designer? Do you know you can turn your hobby into a side income opportunity? Home décor as a side hustle is a great opportunity to build a brand as you earn extra income. You first need to work on your portfolio to launch a successful home décor side hustle.

The portfolio communicates to your potential customers your potential when it comes to home décor. You may use your home as an example or request a friend for an opportunity to do their home décor as a sample for your portfolio. Once you have a portfolio, market your business, and remember to include photos from your previous gigs to increase the chances of closing a sale.

How much you can make: $400 — $415,000/month

How long does it take to build: 48 days (?)

new problem solving business ideas

Less is More Organizing Services, founded by Sarah Giller Nelson, is a home organizing service that operates in two states, serving an average of 95 households per year with an 85% repeat customer rate, offering services by the hour with a 4-hour minimum, and using a guided decluttering process to help customers achieve their goals.

new problem solving business ideas

31. Start a dating coaching business

A dating coach offers training and guidance to improve the client's success in dating and relationships.

The dating coach evaluates the results of the client's actions and decides what changes to make to the client's dating approach to improve the outcome. Besides, dating coaches offer guidance and support, helping clients negotiate the often confusing first stages of their early romantic experiences.

Dating coaches have been around for years. A more recent trend is dating coaches who help people with conditions like autism overcome their situations and begin dating people they love. Do you love helping people achieve their dating goals? You can start a dating coach service today!

To start, identify a niche and create a website, to help you reach more people. You can target teenagers, divorced people, or older adults and help them through their dating life.

How much you can make: $1,500 — $30,000/month

How much does it cost to start: $20 (?)

How long does it take to build: 45 days (?)

Time commitment per week: Min. 3 hours/week

new problem solving business ideas

Meet Ta'Veca Collins, founder of Romance On The Go, a concierge service that promotes romance and intimacy; since becoming a preferred vendor for The W Hotel Fort Lauderdale, their gross income has increased to around $3,200.00 monthly, and they are currently expanding their team to meet the demands of new partnered hotels.

new problem solving business ideas

32. Start a 3D Printing Business

3D printing is a process that assembles objects layer by layer and starting a business in this industry can be a very creative venture.

You will need investment in the right equipment and materials, and the acquisition of 3D modeling and design skills. You will also need to regularly calibrate and maintain your 3D printers to deliver consistent results.

Plan how you'll handle shipping and logistics, and leverage technology to find new applications of 3D printing in all industries.

How much you can make: $8,000 — $330,000/month

How long does it take to build: 270 days (?)

Founder Roy Kirchner shares how he started an eCommerce business specializing in 3D printing with an initial investment of $65,000, which now averages monthly gross sales of $330,000 and has partnered with international manufacturers and local businesses while offering technical support and education.

new problem solving business ideas

33. Start a travel-planning app business

In the past, arranging trips on your own was a challenge only a few people could take on. Travel agents were on the rise at the time and handled everything from hotel reservations to ticket booking and traveler's itineraries.

Today, travel agents are at the risk of becoming obsolete as more travelers embrace the online travel trend. According to research, the online travel booking service will experience a compound annual growth rate of 9.0% in the coming years.

Therefore, starting an online travel-planning app business can be a profitable venture. Some potential opportunities include:

  • Travel itinerary planning apps
  • Travel booking apps
  • Location-tracking apps
  • Language translation apps

The travel-planning apps should provide users with instant availability of information, a one-stop platform, & simplify transactions,

How much you can make: $22,000 — $233,333/month

How much does it cost to start: $5,000 (?)

new problem solving business ideas

Visa List is a successful micro start-up that provides one-stop visa information for travellers, earning $5000/month on average with 350K monthly active users and has helped over 2 million users with their visa requirements, all starting from a personal frustration with visa processes.

new problem solving business ideas

34. Become a solar consultant

Solar consultants help explain renewable energy systems and resources available to potential customers.

Solar consultants often travel to different sites to evaluate power needs and provide cost estimates to homeowners and businesses willing to install solar energy systems.

To become a solar consultant, you need basic education and experience with solar systems. Since the solar industry is evolving very fast, you must be able to study new systems and understand the latest developments in this industry.

How much you can make: $2,000,000/month

How long does it take to build: 120 days (?)

new problem solving business ideas

Solar Energy Partners, a solar-focused company founded by Alex K Williams, has achieved more than 400% growth since inception, and is expanding into new markets while offering best customer service and training programs.

new problem solving business ideas

35. Dog Transportation Business

Dog transportation businesses are yet another thriving and profitable business that an entrepreneur who is looking towards starting a pet-related business should consider starting.

These types of businesses transport dogs from one place to another, usually within a country or from one country to another. If you're interested in this kind of business, then you should consider getting into the pet transportation business.

According to internal statistics, the average dog transporter clears between $8,000 and $10,000 per month .

36. Start a metal scraping business

Metal scrapping refers to the recovery and processing of recyclable metal materials. Metal scrappers collect end-of-life products and structures and refine or sell them to metal product manufacturing and fabrication companies, where the scraps are reintroduced as raw materials.

To start a metal scrapping business, find out the possible sources of scrap metal and ensure you understand the legal and tax issues concerning operating the business. Spot a location where you will get a deal for your scrap metal business, and start collecting the scrap metals.

37. Become a drywall installer

Drywall installers work in specialty construction. They measure, cut, and fasten the drywall panels on the interior walls of residential and commercial properties. To become a drywall installer, you must complete a three-to-four-year apprenticeship program and possess a certificate. Their professional skills include moving heavy loads and performing physical tasks.

You can work under a certified and registered contractor, or start your own drywall installation business, so long as you have enough years of experience working as a junior drywall installer.

How much you can make: $40,000/month

How much does it cost to start: $7,000 (?)

How long does it take to build: 365 days (?)

new problem solving business ideas

A second-generation family-owned plumbing and leak detection business shares their success in obtaining repeat business through word of mouth referrals, staying true to their core principles, and using cutting-edge technology to provide top-notch service to clients.

new problem solving business ideas

38. Create an order fulfillment software

The order fulfillment software integrates with the sales channels, making shipping and fulfillment stress-free, so businesses focus on scalable growth. To build your order fulfillment software, research what’s available in the market today, identify gaps, engage target customers on features they need most, and create unique software.

How much you can make: $385,000 — $25,000,000/month

new problem solving business ideas

ShipMonk, a technology-driven fulfillment center, went from $130K in revenue in 2014 to nearly $30M in 2018 and was named America's Fastest Growing Fulfillment Center, with projected revenue of $60M for 2019.

new problem solving business ideas

39. Start an interior landscaping business

Interior landscaping is the practice of designing, installing, and maintaining greenery and biophilic elements inside buildings.

Commercial and residential property owners are embracing interior landscaping at a higher rate than ever before. Interior landscaping offers an opportunity to replicate the beauty and environmental benefits previously associated with the outdoors.

If you enjoy home improvement and interior décor, consider starting an interior landscaping business.

How much you can make: $2,000 — $110,000/month

How much does it cost to start: $600 (?)

How long does it take to build: 67 days (?)

new problem solving business ideas

Mother and daughter duo turn passion for antiques and design into a boutique design firm with over $1 million in annual revenue and hundreds of trophy projects, showcasing the importance of grit, determination, and passion in building a successful business.

40. Start a healthy food processing business

With the growing preference for healthy and functional food, starting a healthy food processing plant can be rewarding.

The advancements in the food processing industry, innovation in processing technology, and continuous growth in demand for processed food are some excellent reasons to consider opening a healthy food processing business.

To start a healthy food processing plant, find out a market gap, and research the demand. Understand customers changing tastes and focus on offering the best throughout.

How much you can make: $52,944/month

new problem solving business ideas

Bluebird Provisions Bone Broth is North America's fastest-growing bone broth brand, doing 49,000 per month and growing 50% YoY, with 5000% growth in customer base since starting, thanks to an SEO-focused strategy, email marketing, referrals, and Amazon.

new problem solving business ideas

41. Start a waste recycling business

If you have a passion for saving the planet and going green, starting a waste recycling business may be the right route for you to take. Waste recycling is the process of collecting and processing materials that would otherwise be trashed and processing them into new products.

Starting a waste recycling business is not only profitable, but it can also benefit the community and the environment. To start a waste recycling business, research the industry and determine the costs involved. Then, register the business and equip your waste recycling facility.

How much you can make: $230,000/month

new problem solving business ideas

This case study showcases the story of a locally owned and operated residential waste removal business based in Colorado Springs started with a pick-up truck and a $35k loan, which now has 51 dumpsters, two roll-off dumpster delivery trucks, two residential garbage trucks, and is projecting $700-800k in sales for 2020.

new problem solving business ideas

42. Start a typing speed testing business

Typing speed is an excellent skill that can increase marketability and job opportunities. Some of the jobs requiring a high typing speed include:

  • Data entry clerks
  • Copy editing
  • Medical transcriptionist
  • Court reporter
  • Administrative assistants
  • Freelance writing

Employers within these industries use a typing speed program to evaluate the potential candidates, so they can reach a hiring decision. Therefore, if you have program development skills, you may consider creating a typing speed-testing tool.

Your target customers could be people preparing for typing jobs and employers who want to ascertain whether potential candidates have the required typing skills.

43. Start a shipping business

The shipping business is an exciting and dynamic way to earn a living, and it’s a perfect opportunity for those looking for a change of pace from the typical 9-5 office job. This business entails transporting goods and cargo from one place to another. It can involve everything from small packages and envelopes to large freight containers and pallets.

To run a successful shipping business, you should keep a few key things in mind. Firstly, it’s essential to establish a good working relationship with your clients. You need to be reliable, punctual and have excellent communication skills. This will ensure that your clients come back to you time and time again.

Another tip for shipping business success is investing in high-quality equipment and vehicles. This could include a variety of trucks, trailers, and cargo containers. The right equipment is essential to ensure that your cargo arrives safely and on time.

Lastly, it’s essential to be well-versed in the ins and outs of the industry. This could include understanding the different regulations and laws that apply to shipping and staying up-to-date with new developments in the field. Being informed and knowledgeable about the industry will give you an edge over competitors.

Overall, the shipping business is an excellent opportunity for those who want to be their boss and take control of their career. With hard work, dedication, and a little know-how, you can make your shipping business a booming success.

How much you can make: $65,000 — $2,400,000/month

new problem solving business ideas

How a logistics company grew its revenue over 300% in 2 years, starting with just 2 vans and 25k+ square feet of warehouse space, and focused on relationships, efficiency, and building trust with its customers.

new problem solving business ideas

44. Become a freelance web developer

Are you passionate about technology and looking for a way to earn extra income while working on your terms? How about becoming a freelance web developer? Firstly, web development is a highly sought-after skill in every industry. Secondly, the pay rate is higher than freelance writers, and freelance graphic designers earn. As a freelance web developer, you put yourself in a high-value proposition. However, it would be best to learn languages like HTML, CSS, and Javascript to get started. Find a niche and start building anything and everything. Create a personal brand and build up your portfolio.

How much you can make: $6,000 — $148,000/month

How much does it cost to start: $2,500 (?)

new problem solving business ideas

Cantilever Web Design and Development, with clients including IBM and small businesses, reached a revenue of over $750k last year with a gross margin of 50% by prioritizing Digital Hospitality, fostering high-quality relationships, and constantly improving their process and philosophy.

new problem solving business ideas

45. Start a recruiting business

A recruiting business is a service and advice-based business that helps companies and organizations find the right candidates for their jobs. These businesses usually serve as a medium between the two entities to create a win-win situation. The job seeker can get the job of their dreams, while the business entity can get a fit candidate for the job.

Recruiting is one of the fastest-growing industries in the United States. Over the past ten years, businesses are struggling to find quality employees and candidates are searching for more opportunities. If you know this, then you have everything you need to make money fast with recruiting.

Starting a recruiting business from scratch is easier than you think. You can have your own staffing agency in just a few weeks and start making a great income while working less.

How much you can make: $100 — $35,000/month

How long does it take to build: 105 days (?)

Techintern.io connects startups and tech companies with the best software developer students at colleges across North America and has achieved #1 Product of the Day and #2 Product of the Week on Product Hunt, making $15,000 per month.

new problem solving business ideas

46. Chief Information Security Officer (CISO)

According to a PWC report, more than 80% of companies now have a chief information security officer (CISO) on the management staff. This trend indicates that organizations are becoming aware of cyber threats, and they are taking steps to prevent attacks. CISOs are senior-level executives who ensure that an organization's cyber security plan is aligned with its vision, operations, and technology. They work closely with staff members to identify risks and devise ways to mitigate them without causing disruptions. They also manage security policies within the organization.

The average salary for a Chief Information Security Officer in the United States is $234,025 .

47. Start a business plan writing business

A business plan writing business is a service that helps entrepreneurs and small business owners create well-structured and comprehensive business plans.

These plans serve as roadmaps for their businesses, outlining goals, strategies, and financial projections. Starting a business plan writing business involves skills in research, analysis, and writing.

You’ll work closely with clients to understand their vision and then translate it into a professional document that can be used to attract investors, secure loans, or guide their business growth.

This low-cost business idea requires minimal initial investment, mainly for marketing materials and a basic online presence, making it an accessible option for aspiring entrepreneurs.

How much you can make: $62,500/month

How much does it cost to start: $35 (?)

How long does it take to build: 150 days (?)

new problem solving business ideas

Content-Whale, a content curation agency, has achieved a Rs. 4 crore ($514k/year) turnover 4-5 years after being started with just Rs. 2500 ($35), and has a pool of more than 500 writers, aiming to become a market leader in the global content market.

new problem solving business ideas

48. Start a dating app

A mobile dating app is one of the most popular mobile-only businesses for creating an ecosystem and generating revenue. But, with the help of a robust development team, you can surpass all your competitors and create a sleeker end product than anyone else in this market.

Dating apps have made their way into an industry that was gaining enough traction. The online Dating Market size was valued at $7.35B in 2020 and is projected to reach $10.87B by 2028.

How much you can make: $30,000/month

How long does it take to build: 579 days (?)

new problem solving business ideas

Michele Velazquez's Marriage Proposal Planning company, The Heart Bandits, has made over $5M planning proposals for NFL athletes and busy executives across 5 continents.

new problem solving business ideas

49. Start an internet infrastructure business

Internet infrastructure is a collective term referring to all hardware and software systems that constitute essential components in internet operation. Common internet infrastructure includes routers, switches, hubs, bridges, gateways, load balancers, and servers.

The internet has become a critical component of every business we transact today. Its adoption is expected to continue multiplying. The new connections will require additional internet infrastructure, a trend that will create business opportunities.

Telecommunications companies have provided the infrastructure to allow data flow around the planet. Private entrepreneurs are also chipping in to help meet the demand for internet connectivity and deliver an excellent user experience.

Experts predict the network infrastructure segment will reach $191.8 billion . The largest subsegment will be the Service Provider Network Infrastructure. Therefore, starting an internet infrastructure company could be your next great business opportunity.

How much you can make: $150,000/month

How long does it take to build: 500 days (?)

new problem solving business ideas

KelTech IoT founder Mark Kellett shares insights on building a next-generation energy and infrastructure company bridging the energy and telecoms gap by creating more efficient and sustainable solutions as network demands increase in the age of IoT, with projected revenues expected to be greater than $100M after 5 years.

new problem solving business ideas

50. Start a Long Haul Trucking Business

Long haul trucking is one of the sectors contributing significantly to economic growth. Besides, with the modern marketplaces, consumers depend on long-haul truckers to bridge the gap between them and favorite suppliers across the globe.

Thus, if you have a passion for starting a business that focuses on trucking, a long-haul trucking business would fulfill your dream.

Before investing in a long-haul truck, study the market and identify the business opportunities that will be most pleasing to you. Then, buy or lease a suitable long-haul truck and focus on doing what it takes to keep your business profitable while satisfying your customers.

51. Start a travel company

Travel companies sell transportation, lodging, plan trips, and admission to entertainment activities to individuals and groups.

If you love traveling, you can start a company that organizes trips for different people. Choose a niche and ensure travel packages that suit them best.

How much you can make: $10,000 — $1,500,000/month

new problem solving business ideas

Under30Experiences is a travel company for people aged 21-35 that runs small group trips around the world, with over 800 five-star reviews on Facebook, Google, and Yelp combined, and nearly hitting $5M in revenue before the COVID-19 pandemic.

new problem solving business ideas

52. Start a recycling farm waste business

Farm waste is produced as a result of various agricultural operations. The farm waste can include manure, harvest waste, fertilizer from fields, pesticides, etc.

Recycled farm waste can be turned into energy, fertilizer, molecules, and other materials that benefit economic and environmental sustainability.

53. Start a drug testing business

Drug testing examines illegal or prescription drugs in urine, saliva, hair, or sweat. The purpose of drug tests is to look for drug abuse or misuse.

The drug testing profession is highly in demand at ports of entry and exit and the sporting sector. A drug testing business can be a lucrative business opportunity. You will need a fully equipped laboratory and an elaborate business marketing plan to reach the relevant customers.

54. Start a personal styling business

A personal stylist advises individuals on aesthetic choices such as new fashion trends, clothing styles, colors, and make-up. To become a personal stylist, you must have a detailed style portfolio, a qualification in fashion, make-up, or a related discipline. Prior experience in the fashion industry will be an added advantage.

How much you can make: $150 — $5,934/month

How much does it cost to start: $1,200 (?)

How long does it take to build: 21 days (?)

new problem solving business ideas

On Brand founder Brian McEuen curates personalized selections of clothing for men online, sending emails to individual users without duplicate products, with 75 current users and an annualized revenue run rate of $1800.

new problem solving business ideas

55. Start a tourist guide business

There's no denying the profitability of a tourism business. If you know the state and cities well, starting a tour guide business can be a very lucrative idea. All you need is a license, and you can soon start working as a tour guide.

Listed are the steps on how to start a tour guide business.

  • Register your tour guide name business
  • Obtain necessary licenses
  • Open a bank account for business transactions
  • Organize your business operations
  • Start to promote and get clients

How much you can make: $200 — $54,000/month

new problem solving business ideas

Serial entrepreneur Nico Jacquart shares how he and his partner validated and grew a global food tour company with tours in more than 50 cities worldwide, experiencing year on year growth of 100%.

new problem solving business ideas

56. Start a mobile phone repair kiosk

A cellphone repair kiosk is a low-startup cost business; hence easy to start. However, the profit margins may be low as you start the business, but they increase over time as you become well-known and successful.

To start a mobile phone repair kiosk, find streets with high foot traffic, and open a store. Advertise your business widely to get more foot traffic to your shop.

57. Start a roof repair business

Roof repair and replacement services remain in demand among homeowners and commercial property owners. The need for roof repair services is often because of storms and old roofs that become leaky, requiring immediate replacement.

If you want a home improvement business opportunity, consider starting a roof repair business. To start the roof repair business, you need to be a registered professional roofer, equipped with the right roofing tools, and have the skills to re-design and re-roof properties.

Register your business and acquire the necessary licenses to start marketing the roof repair services.

58. Start an aviation maintenance and repair business

Mid-sized airlines are outsourcing repairs and routine maintenance services to specialty shops, a trend set to increase rapidly. Thus, starting an airline repair and maintenance service can be rewarding if you are an aviation engineer or are interested in the business. Services of an airline repair company include inspection, general maintenance, and repair to ensure the aircraft is operational and safe.

To start an airplane repair and maintenance business, you may target private or commercial airlines looking to outsource the repair and maintenance service. If you do not have the necessary skills, you may employ skilled and experienced aeronautical engineers, look for customers, and focus on growing your business.

59. Start a drone repair business

The drone industry is expected to grow by a CAGR of 28.58% over the next few years, reaching $47.38 billion. As drone usage is poised to go mainstream in many sectors, starting a drone repair business can be rewarding.

However, the drone repair business is capital intensive, so you will need huge capital to run a successful business. To start a successful drone repair business, research the market and decide the best niche to focus on.

60. Start a drain repair service

Over time, drain pipes at commercial and residences will become clogged and require regular servicing to keep the dirty water flowing. When it comes to the efficiency of drainpipes, residential and commercial property owners want to hire a reliable plumber.

To become a drain pipe specialist, you need at least a high school diploma or GED. To gain a higher skill level, you may take a degree course before joining a company for an internship to gain the necessary plumbing experience.

new problem solving business ideas

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Subscribe for exclusive access, 54 good business ideas that could be your next big thing.

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Written by Jesse Sumrak | March 12, 2024

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Good business ideas

Get real-time frameworks, tools, and inspiration to start and build your business. Subscribe here

Can there really be that many good business ideas? Yes, there can. This is actually our filtered-down list—you should have seen how many other almost-good ideas nearly made the cut.

Whether you’re an experienced entrepreneur or brand new to the scene, we’ve compiled the best-of-the-best business ideas for you to bring to life in 2024. These range from freelance writing to career coaching to dog walking and everything in between.

Ready to find your next big idea? Keep scrolling.

What Makes a Business Idea Good or Bad?

It’s not always just the idea you need to think about. Sometimes it’s you, the situation, market circumstances, or industry trends.

One business idea can be good today and bad tomorrow. It all depends on various factors (both predictable and unpredictable). Not every good business idea will be right for you, and that’s OK.

Fortunately for you, you don’t need 50 good business ideas—you really just need one. Here’s what to keep in mind when finding the right startup idea :

  • Personal Interests: Don’t start a freelance writing business if you hate writing. Align your interests with your business. That’s the freedom you get when starting your own business—don’t throw it away from the get-go.
  • Bandwidth: Some business ideas require more input and investment. For example, opening and managing a new Italian restaurant will be more time-consuming than launching a restaurant consulting business. Neither is better than the other—just under your capacity and limitations.
  • Budget: Starting a business isn’t free. Some ideas cost less than others, though. Keep in mind your budget constraints when planning your venture.
  • Trends: You want to be on the climbing side of a trend curve—not the decline. Thinking of starting a business centered around Pokémon GO? You’re only about 6 years too late.
  • Problem-Solving: Find a business idea that solves a problem. Start with the issue, then find a product or service solution.
  • Renovation: A good business idea doesn’t need to be innovative—it can be renovative. Fix a broken idea or build upon an already successful one.

Once you’ve found the right business idea, don’t quit your day job (yet). Test it first.

Foundr plus dollar trail build business banner

54 Good Business Ideas in 2024

We’ve broken down these good business ideas into a few different sections. Here’s how they’re categorized:

Types of Good Business Ideas

Low-Cost Startup Ideas

Online Business Ideas

Remote Business Ideas

Freelance Ideas

Business Ideas for Women

Side Hustle Ideas

Recession-Proof Business Ideas

Don’t Skip: How to Start a Business from Scratch (Step-By-Step Process)

7 Good Low-Cost Startup Ideas

Starting a business can be expensive. Rent, wages, inventory, advertising, web hosting, marketing—it all starts to add up quickly.

Fortunately, not every good business idea costs a fortune. You can find plenty that cost little to no cash to launch. Let’s start with these low-cost startup ideas first :

1. Freelance Writing: Turns words into income as a for-hire freelance writer . Find an industry that interests you and start writing. This could be thought-leadership articles, SEO-driven content, email campaigns, social media posts, or web pages.

2. Consulting: Freelancers tend to provide deliverables, while consultants provide advice, strategy, and expertise. If you’ve been in an industry for quite some time, there’s a good chance businesses will pay for your wisdom as a consultant . Develop expertise in emerging industries, like AI, to be an early adopter in a niche agency.

3. Course Creating: Have lucrative know-how? Bundle it all up into a well-designed online class and sell it as a course creator . We’re all for it—that’s what we do at Foundr.

4. Podcasting: Total podcast listeners are growing 20% each year . Jump in on the action by creating your own audio-based show. Here’s how to make your podcast stand out from the rest .

5. Blogging: Everyone likes blogs—you’re reading one right now. If you like to write, drive traffic to a website with blogging . Once you have an audience, you can monetize your visitors with ads, ecommerce, sponsorships, donations, and affiliate marketing. Speaking of affiliate marketing…

6. Affiliate Marketing: Instead of selling your own products, sell other businesses’ goods. You’ll make a commission every time someone clicks through your links and makes a purchase. Learn how Catena Media’s Erik Bergman used affiliate marketing to launch an IPO (initial public offering) his consultancy firm.

7. Website Building: Over 627,000 new businesses open each year in the US, and every single one of them needs a website. If you have a knack for building them, sell your services as a website builder. Here’s how to build sites quickly .

6 Good Online Business Ideas for Beginners

We won’t pretend starting a business is easy. It comes with a suite of challenges that bring even the best entrepreneurs to despair, headaches, and tears.

However, it’s worth the challenge.

Lucky for you, some business ideas are easier to start than others. If you’ve never dabbled in launching a business, then these online business ideas for beginners are a great place to start.

8. Ecommerce: Ecommerce is just selling stuff on the internet. Find a product , sell it online, and make a killing. That’s easier said than done, but our guide on how to start an ecommerce business will walk you through the entire process.

9. Virtual Assisting: Help businesses, executives, and freelancers schedule appointments, make phone calls, submit invoices, and manage basic finances as a virtual assistant .

10. Social Media Managing: Many businesses don’t have the bandwidth to manage social networks across Facebook, Twitter, LinkedIn, Instagram, Pinterest, and TikTok ( yes, TikTok ). If you’re a savvy social media marketer, you can provide management services across paid and organic channels.

11. Branding: Designing a top-notch logo is hard. Writing a clever tagline is a challenge. Tying it all together into one cohesive brand—that’s the struggle of a branding expert. If you have a talent for it, sell your services in a freelancing or consulting capacity.

12. Domain Flipping: Instead of building websites from scratch, buy existing sites from domain marketplaces. They could be in great, semi-rough, or poor condition—your job is to polish them up and sell them for a profit.

13. Subscription Box Curating: Create a subscription box for a niche in need. There’s a lot of competition in this space, so you’ll need to be clever with your offering and targeting—but Henrik Werdelin built a 9-figure subscription box business just for dogs .

4 Good Remote Business Ideas

New business ideas have blossomed due to the acceptance of remote work. Give these remote work ideas a try to launch a business and help alleviate unexplored problems.

14. Wellness Programming: Remote work isn’t great for everyone—some folks struggle with stress and isolation. As a wellness programmer, you can provide ways to relax, decompress, and focus on mental and emotional wellbeing. This could be in the form of yoga, meditation, stretching, training, or just healthy habits.

15. Remote Work Services: Provide remote-empowering solutions to businesses in need. While it feels like remote started decades ago, some companies are still learning to adapt and cope. Offer services to boost collaboration or fill holes left open by work-from-home policies.

16. Virtual Fitness Training: Peloton doesn’t have a monopoly on online fitness—some people want other forms of exercise, and others prefer a more local community feel. Become a hyper-specialized fitness trainer in specific niches, such as ultramarathon training, rowing, ski mountaineering, or rock climbing.

17. Content Marketing: Upstart brands and corporations alike are looking for help to churn out content for their organic channels. As a content marketer , you can offer to create pieces like newsletters, website articles, social media copy, or short-form videos, all from the comfort of a home office.

7 Good Freelance Job Ideas

Freelancing has been on the up and up in recent years, and the pandemic has only been a catalyst for the movement. Especially with the Great Resignation upon us , companies need freelancers to step up to the plate and take over heaps of work.

If you have the right skill set, you can fulfill that need with one of these freelance job ideas .

18. Video Shooting and Editing: Video content is all the rage, but it’s not easy for busy businesses to produce. If you know your way around a camera and video editing software, you can find plenty of work as a freelance video specialist.

19. Career Coaching: Help clients find their way through their dream careers. You might guide them towards a more appropriate, fulfilling job, or you could give them the tools they need to negotiate their next big promotion.

20. Public Relations: Help businesses land press coverage with media kits, networking, press releases, and storytelling. It’s a demanding job, but it’s right if you like working in a non-stop, fast-paced environment.

21. Marketing: Use content marketing, email, social media, and advertising to market your clients’ products and services . Marketing is all-encompassing, and you’ll likely choose to niche down to a specific channel or strategy down the road.

22. App Developing: Apps are becoming a must-have part of most businesses’ products and services. However, finding an available engineer to build an app is near impossible. If you know your way around Java , Swift , or Kotlin , you’ll be in high demand for mobile app development.

23. Integrating: Some leaders inspire, others innovate, and a few dream. Integrators get things done. They take dreams and aspirations and turn them into reality. It’s a hands-on job, but it’s high-visibility and high-reward.

24. AI Consultant : With so many AI tools available , businesses are struggling to know how to implement them. Be someone’s go-to for AI implementation and consulting.

How To Find The Next BIG Business Idea | Nextdoor's Sarah Leary

12 Good Business Ideas for Women Entrepreneurs

There are 114% more women entrepreneurs now than 20 years ago. Women are looking for more autonomy, work-life balance, and financial freedom—and they’re finding it on their own rather than waiting for the corporate world to change.

If you’re looking for a good business idea that promises location flexibility and work schedule independence, we have a few thoughts. Plus, these business ideas for women entrepreneurs are typically in women-dominated industries—helping you escape the gender discrimination more prevalent in male-dominated sectors.

25. Etsy Shop: Esty is the go-to marketplace for creative entrepreneurs. Want to make one-of-a-kind products? This is where to go to sell them.

26. Interior Designing: Have an eye for design? Become a residential or commercial interior designer. Ergonomic setups and feng shui (arranging furniture for balance) are becoming more of a priority in the business world, meaning more opportunities for you.

27. Graphic Designing: Logos, landing pages, websites, hero images, email campaigns—anything with pixels needs a graphic designer’s touch. While tools like Canva are growing in popularity, they’ll never replace a need for graphic design experts.

28. Dropshipping: Sell products without storing them in your home or a warehouse. It’s the perfect anti-Lula Roe way to sell goods without risking inventory issues.

29. Life Coaching: Coaching isn’t just for career advice. Sometimes, people need life advice. It’s less therapy and more guidance.

30. Tutoring: Online course instructing is when you want to teach the masses—tutoring is for more private 1:1 teaching. Have an in-demand skill? There’s a good chance someone will pay you to teach it to them.

31. Real Estate: Purchase investment properties, find a tenant to pay rent (hopefully covering the monthly mortgage), and sell the property after it appreciates substantially. That’s real estate for you.

32. Wedding Planning: A wedding is the most important day of two partners’ lives. If you can navigate all the moving parts and piece together something beautiful, you’ll be on everyone’s contact list come springtime.

33. Personal Chef: You don’t need to own a restaurant to be a chef. More individuals and families are hiring personal chefs to cook in private settings.

34: Event Planning: Conferences, parties, meetings, conventions, trade shows—they need talented event planners to come together. If that sounds like you, you’ll always have a job in event planning.

35. Makeup Artist: Makeup isn’t as easy as it looks in the commercials, and that’s why makeup artists are killing it on YouTube, Instagram, and TikTok showing people how it’s done.

36. Cleaning Business: Everyone needs cleaning: commercial and residential. If you don’t mind getting your hands dirty (or managing the business), you’ll find plenty of messy people begging for your help.

How Her Rejected Pitch Led to a Billion-Dollar Startup

14 Good Side Hustle Ideas

Some ideas start better as a side hustle until they bloom to maturity. Side hustles (for better or worse) are less committing than full-time ventures. You can often grow them on the side while maintaining your 9-to-5 until the timing is right .

You also have the option to keep them as a side hustle. Not everyone wants to quit their full-time job and become an all-in entrepreneur, and that’s OK. These are the perfect side hustle jobs for pursuing a passion, making an extra buck, or laying the roots for your next business.

37. Ghostwriting: If you don’t mind trading credit for income, ghostwriting can be a lucrative business idea.

38. Podcast Editing: Some people thrive doing podcast interviews, but they can’t navigate the editing process. That’s where you come in.

39. Influencer Marketing Specialist: Most businesses are hesitant to start with influencer marketing simply because they don’t know how. Tell them what they need to know and hold their hand through the process.

40. Lead Generation Consulting: Sales aren’t always the root of the problem—sometimes, it’s lead generation. Guide a client through how they can build and optimize their lead funnel.

41. Browser Extension Developing: Mobile apps are nice, but sometimes a built-in browser extension is more appropriate.

42. Data Scientist: Know your way around numbers? Businesses have more data than they know what to do with. Help them understand the stories behind the numbers.

43. Quality Assurance Testing: There’s a lot of pressure for apps to be built quickly, but that doesn’t mean quality assurance isn’t a priority. Your job is to break apps so that developers can fix them before they go public.

44. Public Speaking Coaching: Public speaking will likely always be a struggle for a large number of individuals. If you can help executives and would-be presenters overcome their fears and step up to the stage, you’ll have a job in public speaking coaching.

45. Media Training: Don’t put an executive in front of a microphone until they’ve been trained on what to do (and more importantly: what not to do). It’s your job to make sure they don’t screw up.

46. Contract Writing: Know your way around legalese? Help businesses write up contracts.

47. Translating: If you’re bilingual, there’s a good chance you can find gigs for translating the two languages.

48 Dog Walking: Just because more people are working from home doesn’t mean they don’t want a dog walker. Sometimes, they don’t want to leave the house, and other times they can’t with illness or kiddos.

49. Pet Sitting: People want to travel and see the world, but they can’t always bring their furry friend. Keep them company for payment.

50. Travel and Experience Host: If you live in a major metropolitan city or somewhere that’s a destination for travelers, it’s easy to take advantage of platforms like Airbnb to host guests in your home or plan custom experiences that only a local can provide. Whether it’s a food tour in your neighborhood or a guided historical hike, travelers will fork out cash to experience your home like you do.

Find YOUR Side Hustle Idea (9 Questions of Doom)

4 Good Business Ideas During a Recession

Sketchy economic times require backup plans. With 9 to 5 jobs in flux, starting a business during a recession is a secure way to make side income and take advantage of shifts in the market.

51. Finance Coach: With a tightening economy comes tightening budgets. As a finance coach, you can help families objectively adjust their monthly budgets and offer suggestions on cutting costs to free up cash.

52. Content Creator: Making entertaining and engaging content for platforms like TikTok, Twitch, or YouTube doesn’t seem like a stable idea, but it meets two criteria of a recession-proof business. First, it’s low-cost to start. All you need is a phone, ideas, and your personality. Second, it meets consumers’ demands during tight economic conditions—escapism and low-cost entertainment.

53. Home Repair: No matter what’s happening with S&P 500, pipes will burst, lights will flicker, and furnaces wig out. Starting a home repair business will keep you in demand no matter the economic climate because what can go wrong will go wrong with a house.

54. Cleaning Services: Almost half the families in America have both parents employed, meaning there’s not much time to make the house squeaky clean for a hosting. It doesn’t matter if the economy is up or down; people are willing to pay for a cleaning service on the regular or in a pinch before their in-laws come from the weekend.

Keep Learning: How to Start an Online Business

Bring Your Good Idea to Life

Once you’ve zeroed in on your good business idea, it’s time to make it a reality. However, you need more than just an idea—you need skills and know-how.

That’s where we can help.

Sign up foundr+ for $1 , and we’ll help you every step of the way along your business journey.

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About Jesse Sumrak

Jesse Sumrak is a writing zealot focused on creating killer content. He’s spent almost a decade writing about startup, marketing, and entrepreneurship topics, having built and sold his own post-apocalyptic fitness bootstrapped business. A writer by day and a peak bagger by night (and early early morning), you can usually find Jesse preparing for the apocalypse on a precipitous peak somewhere in the Rocky Mountains of Colorado.

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new problem solving business ideas

How to Come Up With a Good Business Idea

Aspiring female entrepreneur thinking of a business idea.

7 min. read

Updated January 5, 2024

Download Now: Free 1-Page Business Plan Template →

Some entrepreneurs have a natural gift for generating ideas—most struggle. But without a good idea, starting a business will be an uphill battle.

Luckily, this is a skill you can improve with the right process and a little practice.

This guide will teach you how to generate hundreds of business ideas and identify what makes a good idea. We even have curated lists of ideas for you to explore. Let’s get started.

How to come up with a good business idea

Coming up with a business idea isn’t a strict process. It’s a series of methods to tap into, explore, and see if something sticks. 

Here are a few tried-and-true ways to generate a business idea:

1. Solve a problem

Your business must solve a real problem . 

The most successful businesses always do. But how do you identify a real-world problem? 

Try one (or all) of the following:

  • Think about issues you’ve encountered in your own life.
  • Reach out to friends, family, or colleagues.
  • Look through Reddit, Quora, and other forums.
  • Run a survey.

These are just a few ways to uncover actual problems. Once you’ve identified a few persistent issues, dream up possible solutions. That may lead you to a highly desired business idea.

2. Talk to family and friends

It’s challenging to think up ideas solo. So, reach out to someone you trust.

Your family and friends can be a great source of inspiration. Discuss your desire to start a business with them and ask for their ideas. 

They may have noticed a gap in the market, have a problem that needs solving, or have a unique perspective for harnessing your skillset. 

This outside input can be the spark you need to find a great idea. Plus, you’ll open the door for additional support—such as funding or partnership.

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3. Make tasks easier

The best and most lucrative businesses are often the most mundane. They help solve basic problems by making them easier or more efficient.

To hone in on these simple issues, walk through your day. What tasks do you dread? What undesired work takes up your time? 

These often overlooked pain points are likely screaming for solutions.

4. Build on an existing product or service

A great business idea doesn’t require reinventing the wheel. 

Instead, take an existing product or service and make it better. Improve the design, add new features, or find a new way to market it. You may even be able to introduce a product or service to an underserved market. 

Start looking at the things around you and ask—how could this be easier? How could it be more intuitive, less stressful, and more pleasant? How could it be more affordable?

You may find that even the slightest change will create something unique.

5. Start with a hobby

Your hobbies and passions can be a great source of business ideas. Whether you love baking, photography, or gardening—there’s likely a way to turn your hobby into a business . 

You just need to determine how to monetize your skills or the products you create. If you’re unsure how take it slow and start with a side hustle . You’ll still need to consider pricing, expenses, and how much time to invest—but you’ll have less risk and more time to adapt your hobby into a business.

6. Jump on a trend

Trends can provide excellent business opportunities. Whether it’s a new technology, a fashion statement, or a change in consumer behavior—spotting and capitalizing on emerging trends can lead to successful business ideas. But, there are potential complications you should be aware of.

A very small or non-existent market for this product or service is likely. You’ll need to showcase the problem to stimulate a need many didn’t know they had. Just be sure it has staying power (like AI tools) and is not just a fad (like fidget spinners).

You should expect multiple competitors to emerge as the trend gains traction. Focus on solidifying your brand and build loyalty early on to stay ahead of imitators. 

7. Innovate

Innovation involves developing something new or finding a novel approach to an existing product or service. This requires creativity and a willingness to take risks. Still, it can lead to unique and successful business ideas.

Remember that this may mean no current market for your product or service exists. But if you believe there will be a problem and can convince others, you may be at the forefront of an untapped movement.

What are the qualities of a good business idea?

There’s no genuinely perfect business idea. However, there are clear signs that an idea is worth pursuing and more likely to succeed. 

Clear market demand

There must be a need for your product or service. Meaning your idea needs to, at a minimum, solve a real-world problem for your target customers . 

That’s just the start. 

Will people pay for a solution? Is there a real opportunity to disrupt pre-existing alternatives? 

It may not be a good idea if the answer is no to either question. 

Scalable and profitable

Scalability and profitability are tied together. 

An idea is scalable if you can:

  • Attract more customers.
  • Accommodate this increased demand.
  • Lower costs as you grow.

An idea is profitable if revenue exceeds expenses. 

Now, your business may take time to be profitable. But it should display the ability to grow and scale to achieve profitability. 

If your business idea can’t bring in more customers or decrease costs—you’ll struggle to be profitable.

Fits your goals

Do you want to monetize your passion? Grow quickly and sell? Create a legacy to pass down to your kids?

You need to know what you hope to get from being an entrepreneur. Because only some business ideas will fit your goals. 

So, make sure the business fits your motivation. If it doesn’t, you’ll find it is far more challenging to keep up long-term. 

  • No business idea? Try these

If you’re struggling to develop a business idea, check out one of our curated guides for inspiration.

Business ideas you can start for free

Is the idea of spending money holding you back from starting a business? Don’t worry, there are plenty of business ideas out there that require little to no upfront investment.

30+ business ideas using skills you already have

Whether you’ve developed skills from a hobby, work experience, or online courses—there’s a good chance you can use them to start your own business.

Online business ideas

Skip setting up a brick-and-mortar storefront and go digital. Here are some low-cost online businesses you can start right now.

Subscription service business ideas

While we may be past the gold rush for this business type—the right subscription service could still capture consumers’ attention.

Business ideas to start during a recession

An economic downturn typically spells trouble for business owners. It also presents an opportunity for new entrants to fill gaps in the market.

How to generate business ideas with LinkedIn

Learn to use your professional connections to explore, develop, and test potential business ideas.

Questions to reveal customer pain points

Learn how to speak with potential customers and understand what challenges could be solved with the right business idea.

Hottest industries to start a business

What industries show the most significant growth potential for new businesses? Check out our regularly updated list for insights on what industries may provide the best opportunity for entrepreneurs.

Coming up with an idea is just the first step

Once you have your business idea, it’s time to validate if it will work . 

You’ll need to chat with potential customers, run tests, and explore the financial implications of starting your chosen business. If that sounds tough, don’t worry, the next section of our startup guide will help you understand if you have a good business idea.

For now, pat yourself on the back for getting this far. 

Sorting through the thousands of potential options and finding something you believe can be turned into a business is a big step. Now, you need to determine if your idea can become a legitimate business .

Resources and tools to find your business idea

Make researching and selecting a business idea easier with these templates and tools.

new problem solving business ideas

Business idea validation checklist

Want to find out if your business idea is a winner? Work through this checklist to test it.

Download Tool

new problem solving business ideas

One-page business plan template

Document your research, explore the specifics of your idea, and outline how it could work as a business.

Download Template

new problem solving business ideas

Explore your business idea with LivePlan

With a library of real-world sample business plans, industry benchmarks, and step-by-step guidance—you can quickly determine if your business idea will work.

Content Author: Kody Wirth

Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.

Check out LivePlan

Table of Contents

  • How to come up with a business idea
  • Qualities of a good business idea
  • Your idea is the first step
  • Resources and tools

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Side Hustle Nation

7 Proven Ways to Come Up with New Business Ideas – With Real Life Examples

how to come up with a business idea

Aspiring entrepreneurs often get stuck in the business idea phase — that is, they’re confident they could run a killer business, make a ton of money, and live the good life — if they could only come up with the right idea.

If that’s you — the idea seeker — I’ve got good news for you: coming up with new business ideas is actually pretty easy.

It’s what comes next that’s hard!

But today, let’s go through some of the proven methods you can use to come up with your first (or next) business idea.

1. The Rip, Pivot, and Jam Method

2. the sniper method, 3. the shovels in the gold rush method, 4. the intersection method.

  • 5. The Scratch Your Own Itch Method
  • 6. The Expert Enough Method

7. The Probing for Pain Method

How to come up with business ideas: your turn.

I first heard of this method from one of my favorite podcasts, the Tropical MBA show .

Here’s how it works:

  • you look at another successful business, and copy their business model (rip) …
  • but apply it to a new industry or vertical (pivot) …
  • and then hustle like crazy to get customers (jam).

My friend Gabe Arnold used this method after seeing the success of WP Curve , a monthly subscription service that offered unlimited WordPress support. He decided to rip that model, pivot it to provide a content writing service, and jammed to grow it to $20,000 in monthly recurring revenue .

new problem solving business ideas

Alexandra Kenin saw plenty of bike tours, bus tours, walking tours, and even Segway tours in her adopted hometown of San Francisco, so she had the idea to offer an “urban hiking” tour . Now her company hosts 1000 urban hikers a year and she’s even gotten a book deal out of her not-so-little side hustle!

Some businesses are like shotguns and others are like sniper rifles.

Let me explain.

When you fire a shotgun, it sprays out a wide net of ammunition. In contrast, a sniper rifle fires a single deadly projectile.

Both weapons have their time and place, but for entrepreneurs just starting out, it makes more sense to think like a sniper.

For example, if Amazon is a shotgun; Travis Marziani’s BDancewear.com is a sniper rifle. Instead of selling every product imaginable, they only sell dance clothing.

That means they can do more targeted marketing and they appear more relevant and authoritative to the right customers.

new problem solving business ideas

I used The Sniper Method when I was building my first official side hustle, a comparison shopping site for footwear.

There were dozens of other comparison shopping sites out there, like NexTag, PriceGrabber, and Shopping.com, but they all were shotguns. They tried to include every product under the sun, and as a result, left opportunity for a sniper like me.

(It’s purely coincidental my site was eventually called ShoeSniper.com .)

new problem solving business ideas

I reasoned that by focusing solely (pun intended) on shoes, I could deliver more accurate search results, negotiate exclusive deals, and appear more relevant to customers.

Perhaps you’ve heard the advice, “In a gold rush, sell shovels.” The phrase comes from Sam Brannan, allegedly California’s first millionaire, who brought news of gold to San Francisco.

But before he made his announcement, Brannan bought up all the picks and shovels in the city, so he could resell them to hopeful prospectors.

new problem solving business ideas

And even though this happened more than 150 years ago, gold rushes still happen all the time. We’re just not looking for literal gold in the ground anymore; we’re looking for it in the form of the latest trend or hot fad.

In online business, I’ve seen gold rushes around ebay , niche sites , self-publishing , t-shirts , Amazon FBA , and more. And every time, some of the best businesses to come out of these rushes are the supporting services.

For instance, a ton of businesses have been built exclusively to serve Amazon FBA sellers. These are product research services like Jungle Scout , inventory management tools like Inventory Lab , and price scanning tools like Profit Bandit .

So to use the Shovels in the Gold Rush method, you just need to find a gold rush to support. Maybe that’s Airbnb hosts, maybe it’s Crossfit “box” owners, maybe it’s people getting into the latest network marketing trend.

Think of what common problems they have? Or, if you’re in the gold rush yourself, what problems do you have?

“Find a hot trend and piggyback on it ,” Toni Anderson told me, who successfully used the “Shovel” method to sell bracelets and diffuser necklaces into the essential oil gold rush. It turned into a 6-figure business in 7 months .

The Intersection method aims to find potential service business ideas at the intersection of:

  • Your skills
  • Your interests
  • Your network

For example, I started a freelance book editing business using this exact method:

  • I thought I was a decent writer and a decent proofreader (hey, I was an A-student in English), even though I’d never been paid for it.
  • I was interested in reading non-fiction (specifically business) books, and had even written a handful myself .
  • I was in Facebook groups with other self-published authors.

It worked well and was a fun little side hustle experiment. I read some great (and some not-so-great) books and earned some extra cash.

new problem solving business ideas

To play around with this, get out a piece of paper and make 3 columns. 

In the first, list your skills.

It might help to refer to your resume for this one. For instance, I’d put down experience from my past jobs like ski instructor, shelving books, painting houses, and inside sales, plus some of what I’ve learned on the side like WordPress, SEO, and podcasting.

In the second column, list your interests outside of work.

What do you enjoy doing? For me this column would include items like playing softball, skiing, traveling, learning, or even parenting.

In the last column, list out the who you know , or rather the types of people you know.

I don’t mean listing out everyone by name, but look for common threads on where they work and what they do.

Today, my network includes a lot of bloggers, podcasters, authors, freelancers, and ecommerce sellers, but I could also include engineers (my wife’s coworkers), photographers, parents, and car dealers (from my old job).

new problem solving business ideas

Next, you can play the matchmaking game to see if there might be an intersection to combine items from the 3 columns into a potential business idea.

Note: You can actually substitute a platform like Fiverr for your network if you don’t have any connections with potential clients. This is what Kendell Rizzo did when she combined her skill of copywriting with her interest in crowdfunding to create a lucrative side hustle ( $100k in profit in 18 months ).

5. The Scratch Your Own Itch Method

Solve your own problem, the saying goes, because other people are probably facing the same issue.

This one is easy. For the rest of the day, just keep a mental note of all the things that frustrate you, that you spend money to solve, or that you wish you didn’t have to deal with.

All of those are potential business ideas.

For Erin Chase, she was looking for ways to cut her family’s grocery budget, and ended up getting serious about meal planning. She posted her meal plans online, and they ended up going viral! Turns out, her pain point struck a nerve with a lot of other families as well.

That turned into a subscription service called $5 Meal Plan that’s still going strong.

new problem solving business ideas

Steve Young’s side hustle was building smartphone apps, but he wanted to know how he could get more downloads and sales. So he started the Mobile App Chat podcast (now called AppMasters ) to talk to other more successful app developers and get their advice.

He hustled mornings, lunch breaks, and evenings to record episodes and grow his listenership. Since then, that little part-time podcast not only helped him sell more apps, but’s turned into a full-time business on its own with multiple streams of income .

new problem solving business ideas

And finally, Perrin Carrell found himself the proud owner of a new adopted puppy. But when he started looking around online for the best kind of food for his new best friend, he was disappointed in the results.

So he thought, if none of the existing dog blogs have truly exceptional content, maybe I could build one to fill the void.

Less than two years later, the site he created, HerePup.com , was valued at $200,000 .

new problem solving business ideas

6. The Expert Enough Method

What do your friends, family, and peers ask you for help with?

Are you the go-to person in your circle for tech support, photography, handyman work, accounting, BBQ technique, travel planning, or something else?

If people are asking for your help, they think you’re Expert Enough. (Now they might not be willing to pay for you advice, but that doesn’t mean others won’t.)

Mechanical engineer Matt Bochnak was always tinkering in his garage with motorcycles — his own and his friends’. One day he wondered if anyone would pay for his Expert Enough repair service, and sure enough, his ad on Craigslist started to draw in new customers.

And the other smart thing Matt did was set up a camera to film himself doing the repairs, which has led to a profitable YouTube channel and even selling full repair walkthrough video files online, effectively turning a service business into a passive income business .

new problem solving business ideas

Colin Jones had an entirely different skillset people kept coming to him for advice on: counting cards. He and his blackjack teams won nearly $4 million from casinos, so he set up a website to teach others his expertise.

Today his site has more than 500 paying members and earns Colin more than enough to support his family .

new problem solving business ideas

The Probing for Pain method can be incredibly profitable if you know how to ask the right questions.

How this generally works is calling up a business owner — could be someone you have a previous relationship with or someone you’ve never met — and asking questions like:

  • Tell me a little about your business?
  • What’s the biggest challenge facing your industry over the next 5 years?
  • What does a typical day look like for you?
  • What’s the most frustrating or time-consuming part of your business?

What you’re trying to do is uncover an expensive problem , as Jonathan Stark would call it.

new problem solving business ideas

John Logar is the master at this. Maybe it’s the friendly Australian accent, but he has a gift of getting people talking.

In my conversation with John, he broke down how he pre-sold $120k worth of software (that didn’t even exist yet!) starting with no list and no ideas — using only the Probing for Pain method.

Which of these business idea generating methods could you use?

Hopefully this post has your gears turning!

Let me know your favorite in the comments below.

Want more? Here are some of my favorite business ideas for kids (and grown-ups too) .

new problem solving business ideas

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Nick Loper

About the Author

Nick Loper is a side hustle expert who loves helping people earn more money and start businesses they care about. He hosts the award-winning Side Hustle Show, where he's interviewed over 500 successful entrepreneurs, and is the bestselling author of Buy Buttons , The Side Hustle , and $1,000 100 Ways .

His work has been featured in The New York Times, Entrepreneur, Forbes, TIME, Newsweek, Business Insider, MSN, Yahoo Finance, The Los Angeles Times, The San Francisco Chronicle, The Financial Times, Bankrate, Hubspot, Ahrefs, Shopify, Investopedia, VICE, Vox, Mashable, ChooseFI, Bigger Pockets, The Penny Hoarder, GoBankingRates, and more.

19 thoughts on “7 Proven Ways to Come Up with New Business Ideas – With Real Life Examples”

My favorite is ALSO by far the most difficult method…#7. (at least for us introverts who may struggle to speak comfortably with strangers ;-) I’ll also add one more method (more of a thought process though). –> Make a HABIT of routinely brainstorming new business ideas. This is something James Altrucher, Seth Godin, and others have all done on a regular basis. The act of actively thinking on/journaling about/writing down business ideas trains your mind to start recognizing opportunities on every street corner.

Side Note: I’m interviewing Nick for a podcast in 58 minutes, and maybe I’ll challenge him to do this for a minute :)

Also, argh formatting!

This article is really interesting to me… I have always been in the group you mention in the first paragraph, those who think they could start a business but didn’t have an idea to run with. Your outline here (especially with all the examples and the skills/interests/network chart) seems very do-able and a great jumpstart to brainstorming ideas. I look forward to sitting down and giving it a try!

Great points of coming up with business ideas.Talking to customers or the shoppers is an another great idea of meeting people’s need, for example, if you are interested in mountain bikes, hang out in the aisles of sports and bike shops and ask customers what they wish they could find in the marketplace. If you’re interested in developing an e-commerce business, consider sending an online survey to potential customers to learn about their needs and interests.

I like the Expert Enough and the Intersection Method. I am always looking to learn and do new things and have many under my belt. I have to give this deeper thought and use the list from the Intersection Method that could possibly help me combine these methods to come up with a NEW side hustle….already have one….. Thanks!! Lisa

What about very shy individuals who for whatever reason are more backward than the old Tsars of Russia? Is there any such thing as someone with absolutely no value to offer, who amounts to a white elephant?

Just wanted to say that I’m so glad I joined your email list. You have some really great content! I’m currently freelancing in addition to my 9-5, but looking for a more profitable business idea. These are great.

Awesome, thanks Lanie!

Perhaps I should elucidate: As a thinker I like your ideas. I have even subscribed. However, the successful application of your guidelines eludes me. I wrack every fibre of my brain and beyond struggling to find something from which I could profit, and after so much pain and anguish, I usually end with nothing useful, and when I do pursue a good idea (and a plan to execute it), I invariably crash into a (metaphorical) brick wall. It all makes me feel as though I am a white elephant, costly and useless to all. I even lack the nerve to simply end it.

Hi A.D. I think we’ve all felt like that at certain points. It was actually after a particularly low point and some soul searching that this site came into existence. Last year the Side Hustle Nation community rallied some advice and support for another member, and I think their words might be helpful / pertinent today: https://www.sidehustlenation.com/broke-angry-trapped/

Really helpful article.I liked it has to work for you to be effective.Thanks for shearing.

Another great and super helpful article. I loved all your tips but #1 – Rip, Pivot, and Jam is my favorite. To start I love its name! The thought process is brilliant – take a proven business model of a successful company and apply its principles to a different industry, product or service and you have the foundation of a winning startup. Today I am going to do some brainstorming on how I can use this technique to create a new revenue stream in the clothing business using internet SAAS business models. Thanks for the inspiration and instruction.

Great post, Its really help me a lot.

Interesting Post! I loved the Sniper Method Part.

Wow, what a fantastic piece of work. The Scratch Your Own Itch is my favorite even though I just found out it has a name. Reading success stories of such businesses is somehow motivational to me. And I also loved that you put examples of real businesses that had success using the mentioned methods. Just subscribed to receive more awesome stuff like this.

You might also want to check this article with tips for entrepreneurs who want to kickstart their business: https://www.renderforest.com/blog/how-to-start-a-startup

Thanks for your work again and have a nice dau.

The side hustle has proves itself today to be the #1 source of ultimate income vs working 20 to 40 years in daytime employment. However, I’m not ruling out not working a day job because everyone needs a livelihood and not everyone needs or is into side hustles. But the side hustle has definitely proven itself worthy as a stable avenue of meaningful income and good money to save for post-retirement. In the next 5 to 10 years, judges, CEOs, lawyers, government employers, prosecutors, entry-level workers, former managers, and unemployed-homeless people will gain great knowledge of side hustles and affiliate marketing and discover untapped success.

I like this, will save it for later. Great post!

Very interesting article. thank you

Some people who don’t want to see others succeed try to make the targeted person feel as if they are inadequate. They deny them promotions. They slander them with false writeups. They secretly terminate them. They secretly create enmity between them and other employees. They even try to make them feel as if they were to go out and start another job or try to start a business that they might be too old to do that and just stay right where they are and put up with the bad treatment from the narcissist employer.

The good news about the side hustle is that you’re never too old to learn something new. You’re never too old to start your own business. You have the right to stand up and challenge your narcissist employer who treats you bad by respectfully voicing your distaste for their workplace negativity and setting you up for termination. You have the right to start working on your side hustle and putting your business ideas with or without gainful employment. New business ideas gets anyone out of the JOB (just over broke) mindset and into an untapped entrepreneurial mindset of positive thinking, with the added potential of using the entrepreneurial mind now unleashed to create new online revenue streams. :-)

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10 Step Process for Effective Business Problem Solving

Posted august 3, 2021 by harriet genever.

Navigate uncertainty by following this 10-step process to develop your problem-solving skills and approach any issue with confidence. 

When you start a small business or launch a startup, the one thing you can count on is the unexpected. No matter how thoroughly you plan, forecast , and test, problems are bound to arise. This is why as an entrepreneur, you need to know how to solve business problems effectively.

What is problem solving in business?

Problem solving in business relates to establishing processes that mitigate or remove obstacles currently preventing you from reaching strategic goals . These are typically complex issues that create a gap between actual results and your desired outcome. They may be present in a single team, operational process, or throughout your entire organization, typically without an immediate or obvious solution. 

To approach problem solving successfully, you need to establish consistent processes that help you evaluate, explore solutions, prioritize execution, and measure success. In many ways, it should be similar to how you review business performance through a monthly plan review . You work through the same documentation, look for gaps, dig deeper to identify the root cause, and hash out options. Without this process, you simply cannot expect to solve problems efficiently or effectively. 

Why problem solving is important for your business

While some would say problem-solving comes naturally, it’s actually a skill you can grow and refine over time. Problem solving skills will help you and your team tackle critical issues and conflicts as they arise. It starts from the top. You as the business owner or CEO needing to display the type of level-headed problem solving that you expect to see from your employees.

Doing so will help you and your staff quickly deal with issues, establish and refine a problem solving process, turn challenges into opportunities, and generally keep a level head. Now, the best business leaders didn’t just find a magic solution to solve their problems, they built processes and leveraged tools to find success. And you can do the same.

By following this 10-step process, you can develop your problem-solving skills and approach any issue that arises with confidence. 

1. Define the problem

When a problem arises, it can be very easy to jump right into creating a solution. However, if you don’t thoroughly examine what led to the problem in the first place, you may create a strategy that doesn’t actually solve it. You may just be treating the symptoms.

For instance, if you realize that your sales from new customers are dropping, your first inclination might be to rush into putting together a marketing plan to increase exposure. But what if decreasing sales are just a symptom of the real problem? 

When you define the problem, you want to be sure you’re not missing the forest for the trees. If you have a large issue on your hands, you’ll want to look at it from several different angles:

Competition 

Is a competitor’s promotion or pricing affecting your sales? Are there new entrants in your market? How are they marketing their product or business?

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Business model 

Is your business model sustainable? Is it realistic for how fast you want to grow? Should you explore different pricing or cost strategies?

Market factors

How are world events and the nation’s economy affecting your customers and your sales?

Are there any issues affecting your team? Do they have the tools and resources they need to succeed? 

Goal alignment 

Is everyone on your team working toward the same goal ? Have you communicated your short-term and long-term business goals clearly and often?

There are a lot of ways to approach the issue when you’re facing a serious business problem. The key is to make sure you’re getting a full snapshot of what’s going on so you don’t waste money and resources on band-aid solutions. 

Going back to our example, by looking at every facet of your business, you may discover that you’re spending more on advertising than your competitors already. And instead, there’s a communication gap within your team that’s leading to the mishandling of new customers and therefore lost sales. 

If you jumped into fixing the exposure of your brand, you would have been dumping more money into an area you’re already winning. Potentially leading to greater losses as more and more new customers are dropped due to poor internal communication.

This is why it’s so vital that you explore your blind spots and track the problem to its source.

2. Conduct a SWOT analysis

All good businesses solve some sort of problem for customers. What if your particular business problem is actually an opportunity, or even a strength if considered from a different angle? This is when you’d want to conduct a SWOT analysis to determine if that is in fact the case.

SWOT is a great tool for strategic planning and bringing multiple viewpoints to the table when you’re looking at investing resources to solve a problem. This may even be incorporated in your attempts to identify the source of your problem, as it can quickly outline specific strengths and weaknesses of your business. And then by identifying any potential opportunities or threats, you can utilize your findings to kickstart a solution. 

3. Identify multiple solutions with design thinking

As you approach solving your problem, you may want to consider using the design thinking approach . It’s often used by organizations looking to solve big, community-based problems. One of its strengths is that it requires involving a wide range of people in the problem-solving process. Which leads to multiple perspectives and solutions arising.

This approach—applying your company’s skills and expertise to a problem in the market—is the basis for design thinking.

It’s not about finding the most complex problems to solve, but about finding common needs within the organization and in the real world and coming up with solutions that fit those needs. When you’re solving business problems, this applies in the sense that you’re looking for solutions that address underlying issues—you’re looking at the big picture.

4. Conduct market research and customer outreach

Market research and customer outreach aren’t the sorts of things small business owners and startups can do once and then cross off the list. When you’re facing a roadblock, think back to the last time you did some solid market research or took a deep dive into understanding the competitive landscape .

Market research and the insights you get from customer outreach aren’t a silver bullet. Many companies struggle with what they should do with conflicting data points. But it’s worth struggling through and gathering information that can help you better understand your target market . Plus, your customers can be one of the best sources of criticism. It’s actually a gift if you can avoid taking the negatives personally .

The worst thing you can do when you’re facing challenges is isolating yourself from your customers and ignore your competition. So survey your customers. Put together a competitive matrix . 

5. Seek input from your team and your mentors

Don’t do your SWOT analysis or design thinking work by yourself. The freedom to express concerns, opinions, and ideas will allow people in an organization to speak up. Their feedback is going to help you move faster and more efficiently. If you have a team in place, bring them into the discussion. You hired them to be experts in their area; use their expertise to navigate and dig deeper into underlying causes of problems and potential solutions.

If you’re running your business solo, at least bring in a trusted mentor. SCORE offers a free business mentorship program if you don’t already have one. It can also be helpful to connect with a strategic business advisor , especially if business financials aren’t your strongest suit.

Quoting Stephen Covey, who said that “strength lies in differences, not in similarities,” speaking to the importance of diversity when it comes to problem-solving in business. The more diverse a team is , the more often innovative solutions to the problems faced by the organization appear.

In fact, it has been found that groups that show greater diversity were better at solving problems than groups made up specifically of highly skilled problem solvers. So whoever you bring in to help you problem-solve, resist the urge to surround yourself with people who already agree with you about everything.

6. Apply lean planning for nimble execution

So you do your SWOT analysis and your design thinking exercise. You come up with a set of strong, data-driven ideas. But implementing them requires you to adjust your budget, or your strategic plan, or even your understanding of your target market.

Are you willing to change course? Can you quickly make adjustments? Well in order to grow, you can’t be afraid to be nimble . 

By adopting the lean business planning method —the process of revising your business strategy regularly—you’ll be able to shift your strategies more fluidly. You don’t want to change course every week, and you don’t want to fall victim to shiny object thinking. But you can strike a balance that allows you to reduce your business’s risk while keeping your team heading in the right direction.

Along the way, you’ll make strategic decisions that don’t pan out the way you hoped. The best thing you can do is test your ideas and iterate often so you’re not wasting money and resources on things that don’t work. That’s Lean Planning .

7. Model different financial scenarios

When you’re trying to solve a serious business problem, one of the best things you can do is build a few different financial forecasts so you can model different scenarios. You might find that the idea that seemed the strongest will take longer than you thought to reverse a negative financial trend. At the very least you’ll have better insight into the financial impact of moving in a different direction.

The real benefit here is looking at different tactical approaches to the same problem. Maybe instead of increasing sales right now, you’re better off in the long run if you adopt a strategy to reduce churn and retain your best customers. You won’t know unless you model a few different scenarios. You can do this by using spreadsheets, and a tool like LivePlan can make it easier and quicker.

8. Watch your cash flow

While you’re working to solve a challenging business problem, pay particular attention to your cash flow and your cash flow forecast . Understanding when your company is at risk of running out of cash in the bank can help you be proactive. It’s a lot easier to get a line of credit while your financials still look good and healthy, than when you’re one pay period away from ruin.

If you’re dealing with a serious issue, it’s easy to start to get tunnel vision. You’ll benefit from maintaining a little breathing room for your business as you figure out what to do next.

9. Use a decision-making framework

Once you’ve gathered all the information you need, generated a number of ideas, and done some financial modeling, you might still feel uncertain. It’s natural—you’re not a fortune-teller. You’re trying to make the best decision you can with the information you have.

This article offers a really useful approach to making decisions. It starts with putting your options into a matrix like this one:

new problem solving business ideas

Use this sort of framework to put everything you’ve learned out on the table. If you’re working with a bigger team, this sort of exercise can also bring the rest of your team to the table so they feel some ownership over the outcome.

10. Identify key metrics to track

How will you know your problem is solved? And not just the symptom—how will you know when you’ve addressed the underlying issues? Before you dive into enacting the solution, make sure you know what success looks like.

Decide on a few key performance indicators . Take a baseline measurement, and set a goal and a timeframe. You’re essentially translating your solution into a plan, complete with milestones and goals. Without these, you’ve simply made a blind decision with no way to track success. You need those goals and milestones to make your plan real .

Problem solving skills to improve

As you and your team work through this process, it’s worth keeping in mind specific problem solving skills you should continue to develop. Bolstering your ability, as well as your team, to solve problems effectively will only make this process more useful and efficient. Here are a few key skills to work on.

Emotional intelligence

It can be very easy to make quick, emotional responses in a time of crisis or when discussing something you’re passionate about. To avoid making assumptions and letting your emotions get the best of you, you need to focus on empathizing with others. This involves understanding your own emotional state, reactions and listening carefully to the responses of your team. The more you’re able to listen carefully, the better you’ll be at asking for and taking advice that actually leads to effective problem solving.

Jumping right into a solution can immediately kill the possibility of solving your problem. Just like when you start a business , you need to do the research into what the problem you’re solving actually is. Luckily, you can embed research into your problem solving by holding active reviews of financial performance and team processes. Simply asking “What? Where? When? How?” can lead to more in-depth explorations of potential issues.

The best thing you can do to grow your research abilities is to encourage and practice curiosity. Look at every problem as an opportunity. Something that may be trouble now, but is worth exploring and finding the right solution. You’ll pick up best practices, useful tools and fine-tune your own research process the more you’re willing to explore.

Brainstorming

Creatively brainstorming with your team is somewhat of an art form. There needs to be a willingness to throw everything at the wall and act as if nothing is a bad idea at the start. This style of collaboration encourages participation without fear of rejection. It also helps outline potential solutions outside of your current scope, that you can refine and turn into realistic action.

Work on breaking down problems and try to give everyone in the room a voice. The more input you allow, the greater potential you have for finding the best solution.

Decisiveness

One thing that can drag out acting upon a potential solution, is being indecisive. If you aren’t willing to state when the final cutoff for deliberation is, you simply won’t take steps quickly enough. This is when having a process for problem solving comes in handy, as it purposefully outlines when you should start taking action.

Work on choosing decision-makers, identify necessary results and be prepared to analyze and adjust if necessary. You don’t have to get it right every time, but taking action at the right time, even if it fails, is almost more vital than never taking a step.  

Stemming off failure, you need to learn to be resilient. Again, no one gets it perfect every single time. There are so many factors in play to consider and sometimes even the most well-thought-out solution doesn’t stick. Instead of being down on yourself or your team, look to separate yourself from the problem and continue to think of it as a puzzle worth solving. Every failure is a learning opportunity and it only helps you further refine and eliminate issues in your strategy.

Problem solving is a process

The key to effective problem-solving in business is the ability to adapt. You can waste a lot of resources on staying the wrong course for too long. So make a plan to reduce your risk now. Think about what you’d do if you were faced with a problem large enough to sink your business. Be as proactive as you can.

Editor’s note: This article was originally published in 2016. It was updated in 2021.

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Harriet Genever

Harriet Genever

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9 Creative Business Ideas That Solve Real-World Problems

Here are nine innovative business ideas that solve everyday problems.

If you’re interested in starting a business, it simply points to one thing; your desire to become a problem solver.

Businesses are built around providing solutions to a variety of human problems. So, this article will be discussing such profitable business ideas that also solve problems at the same time.

9 Problem-solving Business Opportunities

Drone videographer.

Commercial drone technology has been fairly recent and has been deployed into a wide range of useful areas such as surveillance and entertainment just to mention a few. This has created enormous opportunities for entrepreneurs who can set up drone-related businesses .

Such businesses range from film making, drone photography, agricultural inspection or manning and mapping & industrial inspection businesses.

Others include drone advertising and marketing, small business delivery services, drone professional courses provider, and drone repair services provider just to mention a few.

Creche For Men

This might sound awkward but is a viable business idea to consider. This helps solve the problem of retail trauma for men who have to escort or accompany their wives for shopping. For a lot of men, this activity is one they’d rather avoid if they can.

However, a creche for men can help make it enjoyable.

To make shopping visits less stressful and monotonous for men, a sanctuary is created that is stocked with lots of interesting activities such as games, a magazine section as well as professional head and neck massages.

Such activities enable men to also enjoy shopping trips, thus solving a problem while also fetching profits for the entrepreneur.

Child-Friendly Cafes

The need for family-friendly cafés is on the rise.

This is because an increasing number of families want to spend some time outdoors especially in a café but can’t due to kids running riot. A child-friendly café concept steps in to solve this problem by including activities that keep kids busy, while allowing parents to also enjoy their time.

Here, there’s something for everyone.

Some of the many activities you can include making your café child-friendly include playpens with lots of games and kids stuff. More importantly, you’d have succeeded in giving respite to parents who will always return to where their kids can be taken care of.

What more? You also stand to benefit from referrals as your clients are likely to discuss with their friends and relatives about your business. Thus, making your business a haven for parents having difficulties controlling their kids while they enjoy their food and drinks.

Online Course Creator

One thing that is common with most people is the need to constantly develop.

This may include learning a new skill or finding creative ways to be more productive. As someone very knowledgeable about a skill or industry, you can create solutions by providing online courses in these areas.

The beauty of creating online course content is that your audience can be huge as long as your services are considered relevant and important. You’ll need to begin by finding a niche you have real competence in.

Also, finding out if there’s a real demand for your skill can go a long way in helping you establish a thriving business.

Online Influencer

Online influencers have played and continue to play a critical role in how products and services are being perceived by members of the public. To become an online influencer, you’ll need to have the personality that attracts. Being a celebrity isn’t easy.

However, if you do have the influence, it can be monetized by providing marketing services for businesses among others.

Having a large and dedicated following is one of the major criteria for being considered an influencer. There are lots of positive things you can do with such power and influence that will earn you significant income.

Event Planner And Promoter

There are several things an event planner and promoter can do .

One of them is your ability to take the rigors of planning for an even off the shoulders of your clients. One of the problems a lot of people would want to avoid is dealing with every detail involved in preparing for an event.

As a promoter, your marketing skills will be in high demand by clubs, restaurants and a lot of other physical venues to drive in traffic through their doors. For doing this successfully, you’re adequately compensated.

To be successful in this regard, you’ll need to be skilled enough to offer real value to your clients.

Language Translator

Language translators play a critical role in breaking the barrier posed by different spoken and written languages.

There are lots of roles you can fit in. These range from content translation, creating a mobile app for voice to voice translation, and providing real-time translation while chatting.

Other language translation services you can offer include on-demand crowdsourced interpretation service, as well as real-time, in-person translation with no cross-talk.

These are just a few of the many services you can offer and take advantage of as a language translator.

Personal Fitness Trainer

With the rising awareness of fitness benefits, the need for personal trainers has also increased. These professionals help create and implement fitness programs by taking clients through a variety of sessions. If you have fitness and personal training experience, your skill will be in demand.

You only need to advertise your services while also taking advantage of your contacts. By helping people set and attain their fitness goals, you’ll never be in a short supply of clients who in turn refer your business to others.

If you like helping or providing assistance with academic work, then you might want to consider becoming a tutor . Your expertise can be offered in a wide range of areas such as the ACT, general schoolwork, or SAT among others.

The most important thing is you’re helping people adequately prepare for their academic tasks. You can either provide personal or group tutoring. The decision is entirely yours.

If you’ve read to this point, you should have a better understanding of what business ideas help solve common problems. As mentioned earlier, businesses are generally about problem-solving.

Being able to create solutions for existing problems will generally attract paying clients.

40 problem-solving techniques and processes

Problem solving workshop

All teams and organizations encounter challenges. Approaching those challenges without a structured problem solving process can end up making things worse.

Proven problem solving techniques such as those outlined below can guide your group through a process of identifying problems and challenges , ideating on possible solutions , and then evaluating and implementing the most suitable .

In this post, you'll find problem-solving tools you can use to develop effective solutions. You'll also find some tips for facilitating the problem solving process and solving complex problems.

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What is problem solving?

Problem solving is a process of finding and implementing a solution to a challenge or obstacle. In most contexts, this means going through a problem solving process that begins with identifying the issue, exploring its root causes, ideating and refining possible solutions before implementing and measuring the impact of that solution.

For simple or small problems, it can be tempting to skip straight to implementing what you believe is the right solution. The danger with this approach is that without exploring the true causes of the issue, it might just occur again or your chosen solution may cause other issues.

Particularly in the world of work, good problem solving means using data to back up each step of the process, bringing in new perspectives and effectively measuring the impact of your solution.

Effective problem solving can help ensure that your team or organization is well positioned to overcome challenges, be resilient to change and create innovation. In my experience, problem solving is a combination of skillset, mindset and process, and it’s especially vital for leaders to cultivate this skill.

A group of people looking at a poster with notes on it

What is the seven step problem solving process?

A problem solving process is a step-by-step framework from going from discovering a problem all the way through to implementing a solution.

With practice, this framework can become intuitive, and innovative companies tend to have a consistent and ongoing ability to discover and tackle challenges when they come up.

You might see everything from a four step problem solving process through to seven steps. While all these processes cover roughly the same ground, I’ve found a seven step problem solving process is helpful for making all key steps legible.

We’ll outline that process here and then follow with techniques you can use to explore and work on that step of the problem solving process with a group.

The seven-step problem solving process is:

1. Problem identification 

The first stage of any problem solving process is to identify the problem(s) you need to solve. This often looks like using group discussions and activities to help a group surface and effectively articulate the challenges they’re facing and wish to resolve.

Be sure to align with your team on the exact definition and nature of the problem you’re solving. An effective process is one where everyone is pulling in the same direction – ensure clarity and alignment now to help avoid misunderstandings later.

2. Problem analysis and refinement

The process of problem analysis means ensuring that the problem you are seeking to solve is  the   right problem . Choosing the right problem to solve means you are on the right path to creating the right solution.

At this stage, you may look deeper at the problem you identified to try and discover the root cause at the level of people or process. You may also spend some time sourcing data, consulting relevant parties and creating and refining a problem statement.

Problem refinement means adjusting scope or focus of the problem you will be aiming to solve based on what comes up during your analysis. As you analyze data sources, you might discover that the root cause means you need to adjust your problem statement. Alternatively, you might find that your original problem statement is too big to be meaningful approached within your current project.

Remember that the goal of any problem refinement is to help set the stage for effective solution development and deployment. Set the right focus and get buy-in from your team here and you’ll be well positioned to move forward with confidence.

3. Solution generation

Once your group has nailed down the particulars of the problem you wish to solve, you want to encourage a free flow of ideas connecting to solving that problem. This can take the form of problem solving games that encourage creative thinking or techniquess designed to produce working prototypes of possible solutions. 

The key to ensuring the success of this stage of the problem solving process is to encourage quick, creative thinking and create an open space where all ideas are considered. The best solutions can often come from unlikely places and by using problem solving techniques that celebrate invention, you might come up with solution gold. 

new problem solving business ideas

4. Solution development

No solution is perfect right out of the gate. It’s important to discuss and develop the solutions your group has come up with over the course of following the previous problem solving steps in order to arrive at the best possible solution. Problem solving games used in this stage involve lots of critical thinking, measuring potential effort and impact, and looking at possible solutions analytically. 

During this stage, you will often ask your team to iterate and improve upon your front-running solutions and develop them further. Remember that problem solving strategies always benefit from a multitude of voices and opinions, and not to let ego get involved when it comes to choosing which solutions to develop and take further.

Finding the best solution is the goal of all problem solving workshops and here is the place to ensure that your solution is well thought out, sufficiently robust and fit for purpose. 

5. Decision making and planning

Nearly there! Once you’ve got a set of possible, you’ll need to make a decision on which to implement. This can be a consensus-based group decision or it might be for a leader or major stakeholder to decide. You’ll find a set of effective decision making methods below.

Once your group has reached consensus and selected a solution, there are some additional actions that also need to be decided upon. You’ll want to work on allocating ownership of the project, figure out who will do what, how the success of the solution will be measured and decide the next course of action.

Set clear accountabilities, actions, timeframes, and follow-ups for your chosen solution. Make these decisions and set clear next-steps in the problem solving workshop so that everyone is aligned and you can move forward effectively as a group. 

Ensuring that you plan for the roll-out of a solution is one of the most important problem solving steps. Without adequate planning or oversight, it can prove impossible to measure success or iterate further if the problem was not solved. 

6. Solution implementation 

This is what we were waiting for! All problem solving processes have the end goal of implementing an effective and impactful solution that your group has confidence in.

Project management and communication skills are key here – your solution may need to adjust when out in the wild or you might discover new challenges along the way. For some solutions, you might also implement a test with a small group and monitor results before rolling it out to an entire company.

You should have a clear owner for your solution who will oversee the plans you made together and help ensure they’re put into place. This person will often coordinate the implementation team and set-up processes to measure the efficacy of your solution too.

7. Solution evaluation 

So you and your team developed a great solution to a problem and have a gut feeling it’s been solved. Work done, right? Wrong. All problem solving strategies benefit from evaluation, consideration, and feedback.

You might find that the solution does not work for everyone, might create new problems, or is potentially so successful that you will want to roll it out to larger teams or as part of other initiatives. 

None of that is possible without taking the time to evaluate the success of the solution you developed in your problem solving model and adjust if necessary.

Remember that the problem solving process is often iterative and it can be common to not solve complex issues on the first try. Even when this is the case, you and your team will have generated learning that will be important for future problem solving workshops or in other parts of the organization. 

It’s also worth underlining how important record keeping is throughout the problem solving process. If a solution didn’t work, you need to have the data and records to see why that was the case. If you go back to the drawing board, notes from the previous workshop can help save time.

What does an effective problem solving process look like?

Every effective problem solving process begins with an agenda . In our experience, a well-structured problem solving workshop is one of the best methods for successfully guiding a group from exploring a problem to implementing a solution.

The format of a workshop ensures that you can get buy-in from your group, encourage free-thinking and solution exploration before making a decision on what to implement following the session.

This Design Sprint 2.0 template is an effective problem solving process from top agency AJ&Smart. It’s a great format for the entire problem solving process, with four-days of workshops designed to surface issues, explore solutions and even test a solution.

Check it for an example of how you might structure and run a problem solving process and feel free to copy and adjust it your needs!

For a shorter process you can run in a single afternoon, this remote problem solving agenda will guide you effectively in just a couple of hours.

Whatever the length of your workshop, by using SessionLab, it’s easy to go from an idea to a complete agenda . Start by dragging and dropping your core problem solving activities into place . Add timings, breaks and necessary materials before sharing your agenda with your colleagues.

The resulting agenda will be your guide to an effective and productive problem solving session that will also help you stay organized on the day!

new problem solving business ideas

Complete problem-solving methods

In this section, we’ll look at in-depth problem-solving methods that provide a complete end-to-end process for developing effective solutions. These will help guide your team from the discovery and definition of a problem through to delivering the right solution.

If you’re looking for an all-encompassing method or problem-solving model, these processes are a great place to start. They’ll ask your team to challenge preconceived ideas and adopt a mindset for solving problems more effectively.

Six Thinking Hats

Individual approaches to solving a problem can be very different based on what team or role an individual holds. It can be easy for existing biases or perspectives to find their way into the mix, or for internal politics to direct a conversation.

Six Thinking Hats is a classic method for identifying the problems that need to be solved and enables your team to consider them from different angles, whether that is by focusing on facts and data, creative solutions, or by considering why a particular solution might not work.

Like all problem-solving frameworks, Six Thinking Hats is effective at helping teams remove roadblocks from a conversation or discussion and come to terms with all the aspects necessary to solve complex problems.

The Six Thinking Hats   #creative thinking   #meeting facilitation   #problem solving   #issue resolution   #idea generation   #conflict resolution   The Six Thinking Hats are used by individuals and groups to separate out conflicting styles of thinking. They enable and encourage a group of people to think constructively together in exploring and implementing change, rather than using argument to fight over who is right and who is wrong.

Lightning Decision Jam

Featured courtesy of Jonathan Courtney of AJ&Smart Berlin, Lightning Decision Jam is one of those strategies that should be in every facilitation toolbox. Exploring problems and finding solutions is often creative in nature, though as with any creative process, there is the potential to lose focus and get lost.

Unstructured discussions might get you there in the end, but it’s much more effective to use a method that creates a clear process and team focus.

In Lightning Decision Jam, participants are invited to begin by writing challenges, concerns, or mistakes on post-its without discussing them before then being invited by the moderator to present them to the group.

From there, the team vote on which problems to solve and are guided through steps that will allow them to reframe those problems, create solutions and then decide what to execute on. 

By deciding the problems that need to be solved as a team before moving on, this group process is great for ensuring the whole team is aligned and can take ownership over the next stages. 

Lightning Decision Jam (LDJ)   #action   #decision making   #problem solving   #issue analysis   #innovation   #design   #remote-friendly   It doesn’t matter where you work and what your job role is, if you work with other people together as a team, you will always encounter the same challenges: Unclear goals and miscommunication that cause busy work and overtime Unstructured meetings that leave attendants tired, confused and without clear outcomes. Frustration builds up because internal challenges to productivity are not addressed Sudden changes in priorities lead to a loss of focus and momentum Muddled compromise takes the place of clear decision- making, leaving everybody to come up with their own interpretation. In short, a lack of structure leads to a waste of time and effort, projects that drag on for too long and frustrated, burnt out teams. AJ&Smart has worked with some of the most innovative, productive companies in the world. What sets their teams apart from others is not better tools, bigger talent or more beautiful offices. The secret sauce to becoming a more productive, more creative and happier team is simple: Replace all open discussion or brainstorming with a structured process that leads to more ideas, clearer decisions and better outcomes. When a good process provides guardrails and a clear path to follow, it becomes easier to come up with ideas, make decisions and solve problems. This is why AJ&Smart created Lightning Decision Jam (LDJ). It’s a simple and short, but powerful group exercise that can be run either in-person, in the same room, or remotely with distributed teams.

Problem Definition Process

While problems can be complex, the problem-solving methods you use to identify and solve those problems can often be simple in design. 

By taking the time to truly identify and define a problem before asking the group to reframe the challenge as an opportunity, this method is a great way to enable change.

Begin by identifying a focus question and exploring the ways in which it manifests before splitting into five teams who will each consider the problem using a different method: escape, reversal, exaggeration, distortion or wishful. Teams develop a problem objective and create ideas in line with their method before then feeding them back to the group.

This method is great for enabling in-depth discussions while also creating space for finding creative solutions too!

Problem Definition   #problem solving   #idea generation   #creativity   #online   #remote-friendly   A problem solving technique to define a problem, challenge or opportunity and to generate ideas.

The 5 Whys 

Sometimes, a group needs to go further with their strategies and analyze the root cause at the heart of organizational issues. An RCA or root cause analysis is the process of identifying what is at the heart of business problems or recurring challenges. 

The 5 Whys is a simple and effective method of helping a group go find the root cause of any problem or challenge and conduct analysis that will deliver results. 

By beginning with the creation of a problem statement and going through five stages to refine it, The 5 Whys provides everything you need to truly discover the cause of an issue.

The 5 Whys   #hyperisland   #innovation   This simple and powerful method is useful for getting to the core of a problem or challenge. As the title suggests, the group defines a problems, then asks the question “why” five times, often using the resulting explanation as a starting point for creative problem solving.

World Cafe is a simple but powerful facilitation technique to help bigger groups to focus their energy and attention on solving complex problems.

World Cafe enables this approach by creating a relaxed atmosphere where participants are able to self-organize and explore topics relevant and important to them which are themed around a central problem-solving purpose. Create the right atmosphere by modeling your space after a cafe and after guiding the group through the method, let them take the lead!

Making problem-solving a part of your organization’s culture in the long term can be a difficult undertaking. More approachable formats like World Cafe can be especially effective in bringing people unfamiliar with workshops into the fold. 

World Cafe   #hyperisland   #innovation   #issue analysis   World Café is a simple yet powerful method, originated by Juanita Brown, for enabling meaningful conversations driven completely by participants and the topics that are relevant and important to them. Facilitators create a cafe-style space and provide simple guidelines. Participants then self-organize and explore a set of relevant topics or questions for conversation.

Discovery & Action Dialogue (DAD)

One of the best approaches is to create a safe space for a group to share and discover practices and behaviors that can help them find their own solutions.

With DAD, you can help a group choose which problems they wish to solve and which approaches they will take to do so. It’s great at helping remove resistance to change and can help get buy-in at every level too!

This process of enabling frontline ownership is great in ensuring follow-through and is one of the methods you will want in your toolbox as a facilitator.

Discovery & Action Dialogue (DAD)   #idea generation   #liberating structures   #action   #issue analysis   #remote-friendly   DADs make it easy for a group or community to discover practices and behaviors that enable some individuals (without access to special resources and facing the same constraints) to find better solutions than their peers to common problems. These are called positive deviant (PD) behaviors and practices. DADs make it possible for people in the group, unit, or community to discover by themselves these PD practices. DADs also create favorable conditions for stimulating participants’ creativity in spaces where they can feel safe to invent new and more effective practices. Resistance to change evaporates as participants are unleashed to choose freely which practices they will adopt or try and which problems they will tackle. DADs make it possible to achieve frontline ownership of solutions.
Design Sprint 2.0

Want to see how a team can solve big problems and move forward with prototyping and testing solutions in a few days? The Design Sprint 2.0 template from Jake Knapp, author of Sprint, is a complete agenda for a with proven results.

Developing the right agenda can involve difficult but necessary planning. Ensuring all the correct steps are followed can also be stressful or time-consuming depending on your level of experience.

Use this complete 4-day workshop template if you are finding there is no obvious solution to your challenge and want to focus your team around a specific problem that might require a shortcut to launching a minimum viable product or waiting for the organization-wide implementation of a solution.

Open space technology

Open space technology- developed by Harrison Owen – creates a space where large groups are invited to take ownership of their problem solving and lead individual sessions. Open space technology is a great format when you have a great deal of expertise and insight in the room and want to allow for different takes and approaches on a particular theme or problem you need to be solved.

Start by bringing your participants together to align around a central theme and focus their efforts. Explain the ground rules to help guide the problem-solving process and then invite members to identify any issue connecting to the central theme that they are interested in and are prepared to take responsibility for.

Once participants have decided on their approach to the core theme, they write their issue on a piece of paper, announce it to the group, pick a session time and place, and post the paper on the wall. As the wall fills up with sessions, the group is then invited to join the sessions that interest them the most and which they can contribute to, then you’re ready to begin!

Everyone joins the problem-solving group they’ve signed up to, record the discussion and if appropriate, findings can then be shared with the rest of the group afterward.

Open Space Technology   #action plan   #idea generation   #problem solving   #issue analysis   #large group   #online   #remote-friendly   Open Space is a methodology for large groups to create their agenda discerning important topics for discussion, suitable for conferences, community gatherings and whole system facilitation

Techniques to identify and analyze problems

Using a problem-solving method to help a team identify and analyze a problem can be a quick and effective addition to any workshop or meeting.

While further actions are always necessary, you can generate momentum and alignment easily, and these activities are a great place to get started.

We’ve put together this list of techniques to help you and your team with problem identification, analysis, and discussion that sets the foundation for developing effective solutions.

Let’s take a look!

Fishbone Analysis

Organizational or team challenges are rarely simple, and it’s important to remember that one problem can be an indication of something that goes deeper and may require further consideration to be solved.

Fishbone Analysis helps groups to dig deeper and understand the origins of a problem. It’s a great example of a root cause analysis method that is simple for everyone on a team to get their head around. 

Participants in this activity are asked to annotate a diagram of a fish, first adding the problem or issue to be worked on at the head of a fish before then brainstorming the root causes of the problem and adding them as bones on the fish. 

Using abstractions such as a diagram of a fish can really help a team break out of their regular thinking and develop a creative approach.

Fishbone Analysis   #problem solving   ##root cause analysis   #decision making   #online facilitation   A process to help identify and understand the origins of problems, issues or observations.

Problem Tree 

Encouraging visual thinking can be an essential part of many strategies. By simply reframing and clarifying problems, a group can move towards developing a problem solving model that works for them. 

In Problem Tree, groups are asked to first brainstorm a list of problems – these can be design problems, team problems or larger business problems – and then organize them into a hierarchy. The hierarchy could be from most important to least important or abstract to practical, though the key thing with problem solving games that involve this aspect is that your group has some way of managing and sorting all the issues that are raised.

Once you have a list of problems that need to be solved and have organized them accordingly, you’re then well-positioned for the next problem solving steps.

Problem tree   #define intentions   #create   #design   #issue analysis   A problem tree is a tool to clarify the hierarchy of problems addressed by the team within a design project; it represents high level problems or related sublevel problems.

SWOT Analysis

Chances are you’ve heard of the SWOT Analysis before. This problem-solving method focuses on identifying strengths, weaknesses, opportunities, and threats is a tried and tested method for both individuals and teams.

Start by creating a desired end state or outcome and bare this in mind – any process solving model is made more effective by knowing what you are moving towards. Create a quadrant made up of the four categories of a SWOT analysis and ask participants to generate ideas based on each of those quadrants.

Once you have those ideas assembled in their quadrants, cluster them together based on their affinity with other ideas. These clusters are then used to facilitate group conversations and move things forward. 

SWOT analysis   #gamestorming   #problem solving   #action   #meeting facilitation   The SWOT Analysis is a long-standing technique of looking at what we have, with respect to the desired end state, as well as what we could improve on. It gives us an opportunity to gauge approaching opportunities and dangers, and assess the seriousness of the conditions that affect our future. When we understand those conditions, we can influence what comes next.

Agreement-Certainty Matrix

Not every problem-solving approach is right for every challenge, and deciding on the right method for the challenge at hand is a key part of being an effective team.

The Agreement Certainty matrix helps teams align on the nature of the challenges facing them. By sorting problems from simple to chaotic, your team can understand what methods are suitable for each problem and what they can do to ensure effective results. 

If you are already using Liberating Structures techniques as part of your problem-solving strategy, the Agreement-Certainty Matrix can be an invaluable addition to your process. We’ve found it particularly if you are having issues with recurring problems in your organization and want to go deeper in understanding the root cause. 

Agreement-Certainty Matrix   #issue analysis   #liberating structures   #problem solving   You can help individuals or groups avoid the frequent mistake of trying to solve a problem with methods that are not adapted to the nature of their challenge. The combination of two questions makes it possible to easily sort challenges into four categories: simple, complicated, complex , and chaotic .  A problem is simple when it can be solved reliably with practices that are easy to duplicate.  It is complicated when experts are required to devise a sophisticated solution that will yield the desired results predictably.  A problem is complex when there are several valid ways to proceed but outcomes are not predictable in detail.  Chaotic is when the context is too turbulent to identify a path forward.  A loose analogy may be used to describe these differences: simple is like following a recipe, complicated like sending a rocket to the moon, complex like raising a child, and chaotic is like the game “Pin the Tail on the Donkey.”  The Liberating Structures Matching Matrix in Chapter 5 can be used as the first step to clarify the nature of a challenge and avoid the mismatches between problems and solutions that are frequently at the root of chronic, recurring problems.

Organizing and charting a team’s progress can be important in ensuring its success. SQUID (Sequential Question and Insight Diagram) is a great model that allows a team to effectively switch between giving questions and answers and develop the skills they need to stay on track throughout the process. 

Begin with two different colored sticky notes – one for questions and one for answers – and with your central topic (the head of the squid) on the board. Ask the group to first come up with a series of questions connected to their best guess of how to approach the topic. Ask the group to come up with answers to those questions, fix them to the board and connect them with a line. After some discussion, go back to question mode by responding to the generated answers or other points on the board.

It’s rewarding to see a diagram grow throughout the exercise, and a completed SQUID can provide a visual resource for future effort and as an example for other teams.

SQUID   #gamestorming   #project planning   #issue analysis   #problem solving   When exploring an information space, it’s important for a group to know where they are at any given time. By using SQUID, a group charts out the territory as they go and can navigate accordingly. SQUID stands for Sequential Question and Insight Diagram.

To continue with our nautical theme, Speed Boat is a short and sweet activity that can help a team quickly identify what employees, clients or service users might have a problem with and analyze what might be standing in the way of achieving a solution.

Methods that allow for a group to make observations, have insights and obtain those eureka moments quickly are invaluable when trying to solve complex problems.

In Speed Boat, the approach is to first consider what anchors and challenges might be holding an organization (or boat) back. Bonus points if you are able to identify any sharks in the water and develop ideas that can also deal with competitors!   

Speed Boat   #gamestorming   #problem solving   #action   Speedboat is a short and sweet way to identify what your employees or clients don’t like about your product/service or what’s standing in the way of a desired goal.

The Journalistic Six

Some of the most effective ways of solving problems is by encouraging teams to be more inclusive and diverse in their thinking.

Based on the six key questions journalism students are taught to answer in articles and news stories, The Journalistic Six helps create teams to see the whole picture. By using who, what, when, where, why, and how to facilitate the conversation and encourage creative thinking, your team can make sure that the problem identification and problem analysis stages of the are covered exhaustively and thoughtfully. Reporter’s notebook and dictaphone optional.

The Journalistic Six – Who What When Where Why How   #idea generation   #issue analysis   #problem solving   #online   #creative thinking   #remote-friendly   A questioning method for generating, explaining, investigating ideas.

Individual and group perspectives are incredibly important, but what happens if people are set in their minds and need a change of perspective in order to approach a problem more effectively?

Flip It is a method we love because it is both simple to understand and run, and allows groups to understand how their perspectives and biases are formed. 

Participants in Flip It are first invited to consider concerns, issues, or problems from a perspective of fear and write them on a flip chart. Then, the group is asked to consider those same issues from a perspective of hope and flip their understanding.  

No problem and solution is free from existing bias and by changing perspectives with Flip It, you can then develop a problem solving model quickly and effectively.

Flip It!   #gamestorming   #problem solving   #action   Often, a change in a problem or situation comes simply from a change in our perspectives. Flip It! is a quick game designed to show players that perspectives are made, not born.

LEGO Challenge

Now for an activity that is a little out of the (toy) box. LEGO Serious Play is a facilitation methodology that can be used to improve creative thinking and problem-solving skills. 

The LEGO Challenge includes giving each member of the team an assignment that is hidden from the rest of the group while they create a structure without speaking.

What the LEGO challenge brings to the table is a fun working example of working with stakeholders who might not be on the same page to solve problems. Also, it’s LEGO! Who doesn’t love LEGO! 

LEGO Challenge   #hyperisland   #team   A team-building activity in which groups must work together to build a structure out of LEGO, but each individual has a secret “assignment” which makes the collaborative process more challenging. It emphasizes group communication, leadership dynamics, conflict, cooperation, patience and problem solving strategy.

What, So What, Now What?

If not carefully managed, the problem identification and problem analysis stages of the problem-solving process can actually create more problems and misunderstandings.

The What, So What, Now What? problem-solving activity is designed to help collect insights and move forward while also eliminating the possibility of disagreement when it comes to identifying, clarifying, and analyzing organizational or work problems. 

Facilitation is all about bringing groups together so that might work on a shared goal and the best problem-solving strategies ensure that teams are aligned in purpose, if not initially in opinion or insight.

Throughout the three steps of this game, you give everyone on a team to reflect on a problem by asking what happened, why it is important, and what actions should then be taken. 

This can be a great activity for bringing our individual perceptions about a problem or challenge and contextualizing it in a larger group setting. This is one of the most important problem-solving skills you can bring to your organization.

W³ – What, So What, Now What?   #issue analysis   #innovation   #liberating structures   You can help groups reflect on a shared experience in a way that builds understanding and spurs coordinated action while avoiding unproductive conflict. It is possible for every voice to be heard while simultaneously sifting for insights and shaping new direction. Progressing in stages makes this practical—from collecting facts about What Happened to making sense of these facts with So What and finally to what actions logically follow with Now What . The shared progression eliminates most of the misunderstandings that otherwise fuel disagreements about what to do. Voila!

Journalists  

Problem analysis can be one of the most important and decisive stages of all problem-solving tools. Sometimes, a team can become bogged down in the details and are unable to move forward.

Journalists is an activity that can avoid a group from getting stuck in the problem identification or problem analysis stages of the process.

In Journalists, the group is invited to draft the front page of a fictional newspaper and figure out what stories deserve to be on the cover and what headlines those stories will have. By reframing how your problems and challenges are approached, you can help a team move productively through the process and be better prepared for the steps to follow.

Journalists   #vision   #big picture   #issue analysis   #remote-friendly   This is an exercise to use when the group gets stuck in details and struggles to see the big picture. Also good for defining a vision.

Problem-solving techniques for brainstorming solutions

Now you have the context and background of the problem you are trying to solving, now comes the time to start ideating and thinking about how you’ll solve the issue.

Here, you’ll want to encourage creative, free thinking and speed. Get as many ideas out as possible and explore different perspectives so you have the raw material for the next step.

Looking at a problem from a new angle can be one of the most effective ways of creating an effective solution. TRIZ is a problem-solving tool that asks the group to consider what they must not do in order to solve a challenge.

By reversing the discussion, new topics and taboo subjects often emerge, allowing the group to think more deeply and create ideas that confront the status quo in a safe and meaningful way. If you’re working on a problem that you’ve tried to solve before, TRIZ is a great problem-solving method to help your team get unblocked.

Making Space with TRIZ   #issue analysis   #liberating structures   #issue resolution   You can clear space for innovation by helping a group let go of what it knows (but rarely admits) limits its success and by inviting creative destruction. TRIZ makes it possible to challenge sacred cows safely and encourages heretical thinking. The question “What must we stop doing to make progress on our deepest purpose?” induces seriously fun yet very courageous conversations. Since laughter often erupts, issues that are otherwise taboo get a chance to be aired and confronted. With creative destruction come opportunities for renewal as local action and innovation rush in to fill the vacuum. Whoosh!

Mindspin  

Brainstorming is part of the bread and butter of the problem-solving process and all problem-solving strategies benefit from getting ideas out and challenging a team to generate solutions quickly. 

With Mindspin, participants are encouraged not only to generate ideas but to do so under time constraints and by slamming down cards and passing them on. By doing multiple rounds, your team can begin with a free generation of possible solutions before moving on to developing those solutions and encouraging further ideation. 

This is one of our favorite problem-solving activities and can be great for keeping the energy up throughout the workshop. Remember the importance of helping people become engaged in the process – energizing problem-solving techniques like Mindspin can help ensure your team stays engaged and happy, even when the problems they’re coming together to solve are complex. 

MindSpin   #teampedia   #idea generation   #problem solving   #action   A fast and loud method to enhance brainstorming within a team. Since this activity has more than round ideas that are repetitive can be ruled out leaving more creative and innovative answers to the challenge.

The Creativity Dice

One of the most useful problem solving skills you can teach your team is of approaching challenges with creativity, flexibility, and openness. Games like The Creativity Dice allow teams to overcome the potential hurdle of too much linear thinking and approach the process with a sense of fun and speed. 

In The Creativity Dice, participants are organized around a topic and roll a dice to determine what they will work on for a period of 3 minutes at a time. They might roll a 3 and work on investigating factual information on the chosen topic. They might roll a 1 and work on identifying the specific goals, standards, or criteria for the session.

Encouraging rapid work and iteration while asking participants to be flexible are great skills to cultivate. Having a stage for idea incubation in this game is also important. Moments of pause can help ensure the ideas that are put forward are the most suitable. 

The Creativity Dice   #creativity   #problem solving   #thiagi   #issue analysis   Too much linear thinking is hazardous to creative problem solving. To be creative, you should approach the problem (or the opportunity) from different points of view. You should leave a thought hanging in mid-air and move to another. This skipping around prevents premature closure and lets your brain incubate one line of thought while you consciously pursue another.

Idea and Concept Development

Brainstorming without structure can quickly become chaotic or frustrating. In a problem-solving context, having an ideation framework to follow can help ensure your team is both creative and disciplined.

In this method, you’ll find an idea generation process that encourages your group to brainstorm effectively before developing their ideas and begin clustering them together. By using concepts such as Yes and…, more is more and postponing judgement, you can create the ideal conditions for brainstorming with ease.

Idea & Concept Development   #hyperisland   #innovation   #idea generation   Ideation and Concept Development is a process for groups to work creatively and collaboratively to generate creative ideas. It’s a general approach that can be adapted and customized to suit many different scenarios. It includes basic principles for idea generation and several steps for groups to work with. It also includes steps for idea selection and development.

Problem-solving techniques for developing and refining solutions 

The success of any problem-solving process can be measured by the solutions it produces. After you’ve defined the issue, explored existing ideas, and ideated, it’s time to develop and refine your ideas in order to bring them closer to a solution that actually solves the problem.

Use these problem-solving techniques when you want to help your team think through their ideas and refine them as part of your problem solving process.

Improved Solutions

After a team has successfully identified a problem and come up with a few solutions, it can be tempting to call the work of the problem-solving process complete. That said, the first solution is not necessarily the best, and by including a further review and reflection activity into your problem-solving model, you can ensure your group reaches the best possible result. 

One of a number of problem-solving games from Thiagi Group, Improved Solutions helps you go the extra mile and develop suggested solutions with close consideration and peer review. By supporting the discussion of several problems at once and by shifting team roles throughout, this problem-solving technique is a dynamic way of finding the best solution. 

Improved Solutions   #creativity   #thiagi   #problem solving   #action   #team   You can improve any solution by objectively reviewing its strengths and weaknesses and making suitable adjustments. In this creativity framegame, you improve the solutions to several problems. To maintain objective detachment, you deal with a different problem during each of six rounds and assume different roles (problem owner, consultant, basher, booster, enhancer, and evaluator) during each round. At the conclusion of the activity, each player ends up with two solutions to her problem.

Four Step Sketch

Creative thinking and visual ideation does not need to be confined to the opening stages of your problem-solving strategies. Exercises that include sketching and prototyping on paper can be effective at the solution finding and development stage of the process, and can be great for keeping a team engaged. 

By going from simple notes to a crazy 8s round that involves rapidly sketching 8 variations on their ideas before then producing a final solution sketch, the group is able to iterate quickly and visually. Problem-solving techniques like Four-Step Sketch are great if you have a group of different thinkers and want to change things up from a more textual or discussion-based approach.

Four-Step Sketch   #design sprint   #innovation   #idea generation   #remote-friendly   The four-step sketch is an exercise that helps people to create well-formed concepts through a structured process that includes: Review key information Start design work on paper,  Consider multiple variations , Create a detailed solution . This exercise is preceded by a set of other activities allowing the group to clarify the challenge they want to solve. See how the Four Step Sketch exercise fits into a Design Sprint

Ensuring that everyone in a group is able to contribute to a discussion is vital during any problem solving process. Not only does this ensure all bases are covered, but its then easier to get buy-in and accountability when people have been able to contribute to the process.

1-2-4-All is a tried and tested facilitation technique where participants are asked to first brainstorm on a topic on their own. Next, they discuss and share ideas in a pair before moving into a small group. Those groups are then asked to present the best idea from their discussion to the rest of the team.

This method can be used in many different contexts effectively, though I find it particularly shines in the idea development stage of the process. Giving each participant time to concretize their ideas and develop them in progressively larger groups can create a great space for both innovation and psychological safety.

1-2-4-All   #idea generation   #liberating structures   #issue analysis   With this facilitation technique you can immediately include everyone regardless of how large the group is. You can generate better ideas and more of them faster than ever before. You can tap the know-how and imagination that is distributed widely in places not known in advance. Open, generative conversation unfolds. Ideas and solutions are sifted in rapid fashion. Most importantly, participants own the ideas, so follow-up and implementation is simplified. No buy-in strategies needed! Simple and elegant!

15% Solutions

Some problems are simpler than others and with the right problem-solving activities, you can empower people to take immediate actions that can help create organizational change. 

Part of the liberating structures toolkit, 15% solutions is a problem-solving technique that focuses on finding and implementing solutions quickly. A process of iterating and making small changes quickly can help generate momentum and an appetite for solving complex problems.

Problem-solving strategies can live and die on whether people are onboard. Getting some quick wins is a great way of getting people behind the process.   

It can be extremely empowering for a team to realize that problem-solving techniques can be deployed quickly and easily and delineate between things they can positively impact and those things they cannot change. 

15% Solutions   #action   #liberating structures   #remote-friendly   You can reveal the actions, however small, that everyone can do immediately. At a minimum, these will create momentum, and that may make a BIG difference.  15% Solutions show that there is no reason to wait around, feel powerless, or fearful. They help people pick it up a level. They get individuals and the group to focus on what is within their discretion instead of what they cannot change.  With a very simple question, you can flip the conversation to what can be done and find solutions to big problems that are often distributed widely in places not known in advance. Shifting a few grains of sand may trigger a landslide and change the whole landscape.

Problem-solving techniques for making decisions and planning

After your group is happy with the possible solutions you’ve developed, now comes the time to choose which to implement. There’s more than one way to make a decision and the best option is often dependant on the needs and set-up of your group.

Sometimes, it’s the case that you’ll want to vote as a group on what is likely to be the most impactful solution. Other times, it might be down to a decision maker or major stakeholder to make the final decision. Whatever your process, here’s some techniques you can use to help you make a decision during your problem solving process.

How-Now-Wow Matrix

The problem-solving process is often creative, as complex problems usually require a change of thinking and creative response in order to find the best solutions. While it’s common for the first stages to encourage creative thinking, groups can often gravitate to familiar solutions when it comes to the end of the process. 

When selecting solutions, you don’t want to lose your creative energy! The How-Now-Wow Matrix from Gamestorming is a great problem-solving activity that enables a group to stay creative and think out of the box when it comes to selecting the right solution for a given problem.

Problem-solving techniques that encourage creative thinking and the ideation and selection of new solutions can be the most effective in organisational change. Give the How-Now-Wow Matrix a go, and not just for how pleasant it is to say out loud. 

How-Now-Wow Matrix   #gamestorming   #idea generation   #remote-friendly   When people want to develop new ideas, they most often think out of the box in the brainstorming or divergent phase. However, when it comes to convergence, people often end up picking ideas that are most familiar to them. This is called a ‘creative paradox’ or a ‘creadox’. The How-Now-Wow matrix is an idea selection tool that breaks the creadox by forcing people to weigh each idea on 2 parameters.

Impact and Effort Matrix

All problem-solving techniques hope to not only find solutions to a given problem or challenge but to find the best solution. When it comes to finding a solution, groups are invited to put on their decision-making hats and really think about how a proposed idea would work in practice. 

The Impact and Effort Matrix is one of the problem-solving techniques that fall into this camp, empowering participants to first generate ideas and then categorize them into a 2×2 matrix based on impact and effort.

Activities that invite critical thinking while remaining simple are invaluable. Use the Impact and Effort Matrix to move from ideation and towards evaluating potential solutions before then committing to them. 

Impact and Effort Matrix   #gamestorming   #decision making   #action   #remote-friendly   In this decision-making exercise, possible actions are mapped based on two factors: effort required to implement and potential impact. Categorizing ideas along these lines is a useful technique in decision making, as it obliges contributors to balance and evaluate suggested actions before committing to them.

If you’ve followed each of the problem-solving steps with your group successfully, you should move towards the end of your process with heaps of possible solutions developed with a specific problem in mind. But how do you help a group go from ideation to putting a solution into action? 

Dotmocracy – or Dot Voting -is a tried and tested method of helping a team in the problem-solving process make decisions and put actions in place with a degree of oversight and consensus. 

One of the problem-solving techniques that should be in every facilitator’s toolbox, Dot Voting is fast and effective and can help identify the most popular and best solutions and help bring a group to a decision effectively. 

Dotmocracy   #action   #decision making   #group prioritization   #hyperisland   #remote-friendly   Dotmocracy is a simple method for group prioritization or decision-making. It is not an activity on its own, but a method to use in processes where prioritization or decision-making is the aim. The method supports a group to quickly see which options are most popular or relevant. The options or ideas are written on post-its and stuck up on a wall for the whole group to see. Each person votes for the options they think are the strongest, and that information is used to inform a decision.

Straddling the gap between decision making and planning, MoSCoW is a simple and effective method that allows a group team to easily prioritize a set of possible options.

Use this method in a problem solving process by collecting and summarizing all your possible solutions and then categorize them into 4 sections: “Must have”, “Should have”, “Could have”, or “Would like but won‘t get”.

This method is particularly useful when its less about choosing one possible solution and more about prioritorizing which to do first and which may not fit in the scope of your project. In my experience, complex challenges often require multiple small fixes, and this method can be a great way to move from a pile of things you’d all like to do to a structured plan.

MoSCoW   #define intentions   #create   #design   #action   #remote-friendly   MoSCoW is a method that allows the team to prioritize the different features that they will work on. Features are then categorized into “Must have”, “Should have”, “Could have”, or “Would like but won‘t get”. To be used at the beginning of a timeslot (for example during Sprint planning) and when planning is needed.

When it comes to managing the rollout of a solution, clarity and accountability are key factors in ensuring the success of the project. The RAACI chart is a simple but effective model for setting roles and responsibilities as part of a planning session.

Start by listing each person involved in the project and put them into the following groups in order to make it clear who is responsible for what during the rollout of your solution.

  • Responsibility  (Which person and/or team will be taking action?)
  • Authority  (At what “point” must the responsible person check in before going further?)
  • Accountability  (Who must the responsible person check in with?)
  • Consultation  (Who must be consulted by the responsible person before decisions are made?)
  • Information  (Who must be informed of decisions, once made?)

Ensure this information is easily accessible and use it to inform who does what and who is looped into discussions and kept up to date.

RAACI   #roles and responsibility   #teamwork   #project management   Clarifying roles and responsibilities, levels of autonomy/latitude in decision making, and levels of engagement among diverse stakeholders.

Problem-solving warm-up activities

All facilitators know that warm-ups and icebreakers are useful for any workshop or group process. Problem-solving workshops are no different.

Use these problem-solving techniques to warm up a group and prepare them for the rest of the process. Activating your group by tapping into some of the top problem-solving skills can be one of the best ways to see great outcomes from your session.

Check-in / Check-out

Solid processes are planned from beginning to end, and the best facilitators know that setting the tone and establishing a safe, open environment can be integral to a successful problem-solving process. Check-in / Check-out is a great way to begin and/or bookend a problem-solving workshop. Checking in to a session emphasizes that everyone will be seen, heard, and expected to contribute. 

If you are running a series of meetings, setting a consistent pattern of checking in and checking out can really help your team get into a groove. We recommend this opening-closing activity for small to medium-sized groups though it can work with large groups if they’re disciplined!

Check-in / Check-out   #team   #opening   #closing   #hyperisland   #remote-friendly   Either checking-in or checking-out is a simple way for a team to open or close a process, symbolically and in a collaborative way. Checking-in/out invites each member in a group to be present, seen and heard, and to express a reflection or a feeling. Checking-in emphasizes presence, focus and group commitment; checking-out emphasizes reflection and symbolic closure.

Doodling Together  

Thinking creatively and not being afraid to make suggestions are important problem-solving skills for any group or team, and warming up by encouraging these behaviors is a great way to start. 

Doodling Together is one of our favorite creative ice breaker games – it’s quick, effective, and fun and can make all following problem-solving steps easier by encouraging a group to collaborate visually. By passing cards and adding additional items as they go, the workshop group gets into a groove of co-creation and idea development that is crucial to finding solutions to problems. 

Doodling Together   #collaboration   #creativity   #teamwork   #fun   #team   #visual methods   #energiser   #icebreaker   #remote-friendly   Create wild, weird and often funny postcards together & establish a group’s creative confidence.

Show and Tell

You might remember some version of Show and Tell from being a kid in school and it’s a great problem-solving activity to kick off a session.

Asking participants to prepare a little something before a workshop by bringing an object for show and tell can help them warm up before the session has even begun! Games that include a physical object can also help encourage early engagement before moving onto more big-picture thinking.

By asking your participants to tell stories about why they chose to bring a particular item to the group, you can help teams see things from new perspectives and see both differences and similarities in the way they approach a topic. Great groundwork for approaching a problem-solving process as a team! 

Show and Tell   #gamestorming   #action   #opening   #meeting facilitation   Show and Tell taps into the power of metaphors to reveal players’ underlying assumptions and associations around a topic The aim of the game is to get a deeper understanding of stakeholders’ perspectives on anything—a new project, an organizational restructuring, a shift in the company’s vision or team dynamic.

Constellations

Who doesn’t love stars? Constellations is a great warm-up activity for any workshop as it gets people up off their feet, energized, and ready to engage in new ways with established topics. It’s also great for showing existing beliefs, biases, and patterns that can come into play as part of your session.

Using warm-up games that help build trust and connection while also allowing for non-verbal responses can be great for easing people into the problem-solving process and encouraging engagement from everyone in the group. Constellations is great in large spaces that allow for movement and is definitely a practical exercise to allow the group to see patterns that are otherwise invisible. 

Constellations   #trust   #connection   #opening   #coaching   #patterns   #system   Individuals express their response to a statement or idea by standing closer or further from a central object. Used with teams to reveal system, hidden patterns, perspectives.

Draw a Tree

Problem-solving games that help raise group awareness through a central, unifying metaphor can be effective ways to warm-up a group in any problem-solving model.

Draw a Tree is a simple warm-up activity you can use in any group and which can provide a quick jolt of energy. Start by asking your participants to draw a tree in just 45 seconds – they can choose whether it will be abstract or realistic. 

Once the timer is up, ask the group how many people included the roots of the tree and use this as a means to discuss how we can ignore important parts of any system simply because they are not visible.

All problem-solving strategies are made more effective by thinking of problems critically and by exposing things that may not normally come to light. Warm-up games like Draw a Tree are great in that they quickly demonstrate some key problem-solving skills in an accessible and effective way.

Draw a Tree   #thiagi   #opening   #perspectives   #remote-friendly   With this game you can raise awarness about being more mindful, and aware of the environment we live in.

Closing activities for a problem-solving process

Each step of the problem-solving workshop benefits from an intelligent deployment of activities, games, and techniques. Bringing your session to an effective close helps ensure that solutions are followed through on and that you also celebrate what has been achieved.

Here are some problem-solving activities you can use to effectively close a workshop or meeting and ensure the great work you’ve done can continue afterward.

One Breath Feedback

Maintaining attention and focus during the closing stages of a problem-solving workshop can be tricky and so being concise when giving feedback can be important. It’s easy to incur “death by feedback” should some team members go on for too long sharing their perspectives in a quick feedback round. 

One Breath Feedback is a great closing activity for workshops. You give everyone an opportunity to provide feedback on what they’ve done but only in the space of a single breath. This keeps feedback short and to the point and means that everyone is encouraged to provide the most important piece of feedback to them. 

One breath feedback   #closing   #feedback   #action   This is a feedback round in just one breath that excels in maintaining attention: each participants is able to speak during just one breath … for most people that’s around 20 to 25 seconds … unless of course you’ve been a deep sea diver in which case you’ll be able to do it for longer.

Who What When Matrix 

Matrices feature as part of many effective problem-solving strategies and with good reason. They are easily recognizable, simple to use, and generate results.

The Who What When Matrix is a great tool to use when closing your problem-solving session by attributing a who, what and when to the actions and solutions you have decided upon. The resulting matrix is a simple, easy-to-follow way of ensuring your team can move forward. 

Great solutions can’t be enacted without action and ownership. Your problem-solving process should include a stage for allocating tasks to individuals or teams and creating a realistic timeframe for those solutions to be implemented or checked out. Use this method to keep the solution implementation process clear and simple for all involved. 

Who/What/When Matrix   #gamestorming   #action   #project planning   With Who/What/When matrix, you can connect people with clear actions they have defined and have committed to.

Response cards

Group discussion can comprise the bulk of most problem-solving activities and by the end of the process, you might find that your team is talked out! 

Providing a means for your team to give feedback with short written notes can ensure everyone is head and can contribute without the need to stand up and talk. Depending on the needs of the group, giving an alternative can help ensure everyone can contribute to your problem-solving model in the way that makes the most sense for them.

Response Cards is a great way to close a workshop if you are looking for a gentle warm-down and want to get some swift discussion around some of the feedback that is raised. 

Response Cards   #debriefing   #closing   #structured sharing   #questions and answers   #thiagi   #action   It can be hard to involve everyone during a closing of a session. Some might stay in the background or get unheard because of louder participants. However, with the use of Response Cards, everyone will be involved in providing feedback or clarify questions at the end of a session.

Tips for effective problem solving

Problem-solving activities are only one part of the puzzle. While a great method can help unlock your team’s ability to solve problems, without a thoughtful approach and strong facilitation the solutions may not be fit for purpose.

Let’s take a look at some problem-solving tips you can apply to any process to help it be a success!

Clearly define the problem

Jumping straight to solutions can be tempting, though without first clearly articulating a problem, the solution might not be the right one. Many of the problem-solving activities below include sections where the problem is explored and clearly defined before moving on.

This is a vital part of the problem-solving process and taking the time to fully define an issue can save time and effort later. A clear definition helps identify irrelevant information and it also ensures that your team sets off on the right track.

Don’t jump to conclusions

It’s easy for groups to exhibit cognitive bias or have preconceived ideas about both problems and potential solutions. Be sure to back up any problem statements or potential solutions with facts, research, and adequate forethought.

The best techniques ask participants to be methodical and challenge preconceived notions. Make sure you give the group enough time and space to collect relevant information and consider the problem in a new way. By approaching the process with a clear, rational mindset, you’ll often find that better solutions are more forthcoming.  

Try different approaches  

Problems come in all shapes and sizes and so too should the methods you use to solve them. If you find that one approach isn’t yielding results and your team isn’t finding different solutions, try mixing it up. You’ll be surprised at how using a new creative activity can unblock your team and generate great solutions.

Don’t take it personally 

Depending on the nature of your team or organizational problems, it’s easy for conversations to get heated. While it’s good for participants to be engaged in the discussions, ensure that emotions don’t run too high and that blame isn’t thrown around while finding solutions.

You’re all in it together, and even if your team or area is seeing problems, that isn’t necessarily a disparagement of you personally. Using facilitation skills to manage group dynamics is one effective method of helping conversations be more constructive.

Get the right people in the room

Your problem-solving method is often only as effective as the group using it. Getting the right people on the job and managing the number of people present is important too!

If the group is too small, you may not get enough different perspectives to effectively solve a problem. If the group is too large, you can go round and round during the ideation stages.

Creating the right group makeup is also important in ensuring you have the necessary expertise and skillset to both identify and follow up on potential solutions. Carefully consider who to include at each stage to help ensure your problem-solving method is followed and positioned for success.

Create psychologically safe spaces for discussion

Identifying a problem accurately also requires that all members of a group are able to contribute their views in an open and safe manner.

It can be tough for people to stand up and contribute if the problems or challenges are emotive or personal in nature. Try and create a psychologically safe space for these kinds of discussions and where possible, create regular opportunities for challenges to be brought up organically.

Document everything

The best solutions can take refinement, iteration, and reflection to come out. Get into a habit of documenting your process in order to keep all the learnings from the session and to allow ideas to mature and develop. Many of the methods below involve the creation of documents or shared resources. Be sure to keep and share these so everyone can benefit from the work done!

Bring a facilitator 

Facilitation is all about making group processes easier. With a subject as potentially emotive and important as problem-solving, having an impartial third party in the form of a facilitator can make all the difference in finding great solutions and keeping the process moving. Consider bringing a facilitator to your problem-solving session to get better results and generate meaningful solutions!

Develop your problem-solving skills

It takes time and practice to be an effective problem solver. While some roles or participants might more naturally gravitate towards problem-solving, it can take development and planning to help everyone create better solutions.

You might develop a training program, run a problem-solving workshop or simply ask your team to practice using the techniques below. Check out our post on problem-solving skills to see how you and your group can develop the right mental process and be more resilient to issues too!

Design a great agenda

Workshops are a great format for solving problems. With the right approach, you can focus a group and help them find the solutions to their own problems. But designing a process can be time-consuming and finding the right activities can be difficult.

Check out our workshop planning guide to level-up your agenda design and start running more effective workshops. Need inspiration? Check out templates designed by expert facilitators to help you kickstart your process!

Save time and effort creating an effective problem solving process

A structured problem solving process is a surefire way of solving tough problems, discovering creative solutions and driving organizational change. But how can you design for successful outcomes?

With SessionLab, it’s easy to design engaging workshops that deliver results. Drag, drop and reorder blocks  to build your agenda. When you make changes or update your agenda, your session  timing   adjusts automatically , saving you time on manual adjustments.

Collaborating with stakeholders or clients? Share your agenda with a single click and collaborate in real-time. No more sending documents back and forth over email.

Explore  how to use SessionLab  to design effective problem solving workshops or  watch this five minute video  to see the planner in action!

new problem solving business ideas

Over to you

The problem-solving process can often be as complicated and multifaceted as the problems they are set-up to solve. With the right problem-solving techniques and a mix of exercises designed to guide discussion and generate purposeful ideas, we hope we’ve given you the tools to find the best solutions as simply and easily as possible.

Is there a problem-solving technique that you are missing here? Do you have a favorite activity or method you use when facilitating? Let us know in the comments below, we’d love to hear from you! 

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thank you very much for these excellent techniques

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Certainly wonderful article, very detailed. Shared!

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Your list of techniques for problem solving can be helpfully extended by adding TRIZ to the list of techniques. TRIZ has 40 problem solving techniques derived from methods inventros and patent holders used to get new patents. About 10-12 are general approaches. many organization sponsor classes in TRIZ that are used to solve business problems or general organiztational problems. You can take a look at TRIZ and dwonload a free internet booklet to see if you feel it shound be included per your selection process.

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How to Be a More Creative Problem-Solver at Work: 8 Tips

Business professionals using creative problem-solving at work

  • 01 Mar 2022

The importance of creativity in the workplace—particularly when problem-solving—is undeniable. Business leaders can’t approach new problems with old solutions and expect the same result.

This is where innovation-based processes need to guide problem-solving. Here’s an overview of what creative problem-solving is, along with tips on how to use it in conjunction with design thinking.

Access your free e-book today.

What Is Creative Problem-Solving?

Encountering problems with no clear cause can be frustrating. This occurs when there’s disagreement around a defined problem or research yields unclear results. In such situations, creative problem-solving helps develop solutions, despite a lack of clarity.

While creative problem-solving is less structured than other forms of innovation, it encourages exploring open-ended ideas and shifting perspectives—thereby fostering innovation and easier adaptation in the workplace. It also works best when paired with other innovation-based processes, such as design thinking .

Creative Problem-Solving and Design Thinking

Design thinking is a solutions-based mentality that encourages innovation and problem-solving. It’s guided by an iterative process that Harvard Business School Dean Srikant Datar outlines in four stages in the online course Design Thinking and Innovation :

The four stages of design thinking: clarify, ideate, develop, and implement

  • Clarify: This stage involves researching a problem through empathic observation and insights.
  • Ideate: This stage focuses on generating ideas and asking open-ended questions based on observations made during the clarification stage.
  • Develop: The development stage involves exploring possible solutions based on the ideas you generate. Experimentation and prototyping are both encouraged.
  • Implement: The final stage is a culmination of the previous three. It involves finalizing a solution’s development and communicating its value to stakeholders.

Although user research is an essential first step in the design thinking process, there are times when it can’t identify a problem’s root cause. Creative problem-solving addresses this challenge by promoting the development of new perspectives.

Leveraging tools like design thinking and creativity at work can further your problem-solving abilities. Here are eight tips for doing so.

Design Thinking and Innovation | Uncover creative solutions to your business problems | Learn More

8 Creative Problem-Solving Tips

1. empathize with your audience.

A fundamental practice of design thinking’s clarify stage is empathy. Understanding your target audience can help you find creative and relevant solutions for their pain points through observing them and asking questions.

Practice empathy by paying attention to others’ needs and avoiding personal comparisons. The more you understand your audience, the more effective your solutions will be.

2. Reframe Problems as Questions

If a problem is difficult to define, reframe it as a question rather than a statement. For example, instead of saying, "The problem is," try framing around a question like, "How might we?" Think creatively by shifting your focus from the problem to potential solutions.

Consider this hypothetical case study: You’re the owner of a local coffee shop trying to fill your tip jar. Approaching the situation with a problem-focused mindset frames this as: "We need to find a way to get customers to tip more." If you reframe this as a question, however, you can explore: "How might we make it easier for customers to tip?" When you shift your focus from the shop to the customer, you empathize with your audience. You can take this train of thought one step further and consider questions such as: "How might we provide a tipping method for customers who don't carry cash?"

Whether you work at a coffee shop, a startup, or a Fortune 500 company, reframing can help surface creative solutions to problems that are difficult to define.

3. Defer Judgment of Ideas

If you encounter an idea that seems outlandish or unreasonable, a natural response would be to reject it. This instant judgment impedes creativity. Even if ideas seem implausible, they can play a huge part in ideation. It's important to permit the exploration of original ideas.

While judgment can be perceived as negative, it’s crucial to avoid accepting ideas too quickly. If you love an idea, don’t immediately pursue it. Give equal consideration to each proposal and build on different concepts instead of acting on them immediately.

4. Overcome Cognitive Fixedness

Cognitive fixedness is a state of mind that prevents you from recognizing a situation’s alternative solutions or interpretations instead of considering every situation through the lens of past experiences.

Although it's efficient in the short-term, cognitive fixedness interferes with creative thinking because it prevents you from approaching situations unbiased. It's important to be aware of this tendency so you can avoid it.

5. Balance Divergent and Convergent Thinking

One of the key principles of creative problem-solving is the balance of divergent and convergent thinking. Divergent thinking is the process of brainstorming multiple ideas without limitation; open-ended creativity is encouraged. It’s an effective tool for generating ideas, but not every idea can be explored. Divergent thinking eventually needs to be grounded in reality.

Convergent thinking, on the other hand, is the process of narrowing ideas down into a few options. While converging ideas too quickly stifles creativity, it’s an important step that bridges the gap between ideation and development. It's important to strike a healthy balance between both to allow for the ideation and exploration of creative ideas.

6. Use Creative Tools

Using creative tools is another way to foster innovation. Without a clear cause for a problem, such tools can help you avoid cognitive fixedness and abrupt decision-making. Here are several examples:

Problem Stories

Creating a problem story requires identifying undesired phenomena (UDP) and taking note of events that precede and result from them. The goal is to reframe the situations to visualize their cause and effect.

To start, identify a UDP. Then, discover what events led to it. Observe and ask questions of your consumer base to determine the UDP’s cause.

Next, identify why the UDP is a problem. What effect does the UDP have that necessitates changing the status quo? It's helpful to visualize each event in boxes adjacent to one another when answering such questions.

The problem story can be extended in either direction, as long as there are additional cause-and-effect relationships. Once complete, focus on breaking the chains connecting two subsequent events by disrupting the cause-and-effect relationship between them.

Alternate Worlds

The alternate worlds tool encourages you to consider how people from different backgrounds would approach similar situations. For instance, how would someone in hospitality versus manufacturing approach the same problem? This tool isn't intended to instantly solve problems but, rather, to encourage idea generation and creativity.

7. Use Positive Language

It's vital to maintain a positive mindset when problem-solving and avoid negative words that interfere with creativity. Positive language prevents quick judgments and overcomes cognitive fixedness. Instead of "no, but," use words like "yes, and."

Positive language makes others feel heard and valued rather than shut down. This practice doesn’t necessitate agreeing with every idea but instead approaching each from a positive perspective.

Using “yes, and” as a tool for further idea exploration is also effective. If someone presents an idea, build upon it using “yes, and.” What additional features could improve it? How could it benefit consumers beyond its intended purpose?

While it may not seem essential, this small adjustment can make a big difference in encouraging creativity.

8. Practice Design Thinking

Practicing design thinking can make you a more creative problem-solver. While commonly associated with the workplace, adopting a design thinking mentality can also improve your everyday life. Here are several ways you can practice design thinking:

  • Learn from others: There are many examples of design thinking in business . Review case studies to learn from others’ successes, research problems companies haven't addressed, and consider alternative solutions using the design thinking process.
  • Approach everyday problems with a design thinking mentality: One of the best ways to practice design thinking is to apply it to your daily life. Approach everyday problems using design thinking’s four-stage framework to uncover what solutions it yields.
  • Study design thinking: While learning design thinking independently is a great place to start, taking an online course can offer more insight and practical experience. The right course can teach you important skills , increase your marketability, and provide valuable networking opportunities.

Which HBS Online Entrepreneurship and Innovation Course is Right for You? | Download Your Free Flowchart

Ready to Become a Creative Problem-Solver?

Though creativity comes naturally to some, it's an acquired skill for many. Regardless of which category you're in, improving your ability to innovate is a valuable endeavor. Whether you want to bolster your creativity or expand your professional skill set, taking an innovation-based course can enhance your problem-solving.

If you're ready to become a more creative problem-solver, explore Design Thinking and Innovation , one of our online entrepreneurship and innovation courses . If you aren't sure which course is the right fit, download our free course flowchart to determine which best aligns with your goals.

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5 Steps to Creatively Solving Business Problems Being able to innovate is crucial to success. We show you how.

By Scott Miker Edited by Chelsea Brown Apr 16, 2022

Opinions expressed by Entrepreneur contributors are their own.

Being creative in a business environment comes easy for some, but for most of us, it is challenging to come up with innovative and unique solutions to our most pressing problems .

It's typically easy to see why a problem occurred or even suggest what everyone else should do to solve the problem. But when it's our responsibility to address the issue, that's when things get complicated. We often see unlimited options and analyze the consequences of each choice. We see an uphill battle with uncertain outcomes. Howver, we can overcome the fear of the unknown and hone in on the best available option. We can get creative. And the good news is that if being creative isn't innate for you, there are specific action steps to choosing a path forward.

1. Define the box

Everyone knows the concept of thinking outside the box , but at the same token, we all have boundaries to operate within. We can't use an endless supply of resources or completely change the rules of business. In other words, sometimes we need to be able to solve problems within the box, staying grounded in reality.

The first step is to outline the boundaries of the situation and our control over it. Define the problem. Develop the scope. See the limitations you have so you know where you can operate. This will give you an idea of what is possible and start to reveal options for resolution.

Related: Focusing on Your Perfect Business Plan Actually Holds You Back

2. Come up with ideas

This is the brainstorming step, where we get to throw out a bunch of half-baked ideas to see what has legs. The more ideas, the better at this point of the process. This isn't the critical point where we evaluate the options. Instead of trying to see which options are best, we want volume.

I used to teach an audio engineering course on MIDI technology , but the tech also spilled over to other areas. I had an exercise where students would think of different ways to utilize it, but they couldn't have it relate to music or audio production. They all thought it was strange at first, but by giving them a framework for the problem, they were able to come up with some interesting ideas.

The goal is to generate multiple answers. The crazier, the better. Some came up with the idea to use the technology to control lights in a home. Some said they could use it train their dog to do tricks by playing dog-whistle sounds. This exercise underscored how developing numerous creative ideas helps sharpen our ability to solve any problem.

Related: A Four-Step Approach That Will Make Your Business Profitable

3. Narrow ideas down

At this step, we want to shed ideas that require incredible resources or just seem too far-fetched. Seeing obvious holes in an idea means that too much work would have to go into the solution to make it effective.

We aren't looking to eliminate all options. We aren't even disregarding all bad options. The key is to narrow them down, not find the perfect option. We want the ones that seem to have the best odds of solving the problem with minimal consequences to the business. Once you have a short list of ideas that could work, you are ready to move on to the next step.

4. List the pros and cons

Every solution will have positives and negatives. There is no perfect option. By listing the various pros and cons , we can get a clearer picture of each, and see how it impacts other areas of the business, maaking it easier to identify the incidentals and offshoots from deploying each strategy. From there, think about the total system. How would this impact other areas? What ripple could this potentially create?

5. Choose between a bunch of bad options

I've used these five steps many times in my career. By this step, I've often still been left with several options. But after evaluating each one, clear and costly ramifications would emerge. Maybe it required reducing our margins to get the product sold. Maybe it was ramping up production or delaying other initiatives, or even mean reducing staff or investing in new technology .

Related: 3 Reasons Entrepreneurs Struggle When Building Business Systems

This is where the great leaders separate themselves from the average leaders. This is where the tough decisions are made. But this is also where you get to control your fate. Instead of searching for a perfect choice, choose between a bunch of bad options. All options will seem flawed at this stage. If a perfect option existed, you would have uncovered it earlier in the process and gone forward with implementing it. Move forward to do everything possible to maximize the pros and limit the destruction from the cons.

By following these five steps, your ability to come up with creative business solutions will expand. When a problem emerges, you will immediately define the box you're operating within and start thinking of options and be able to identify pros and cons to guide you towards the best option, even if it is flawed. The more I use this process, the easier it is and the more valuable it becomes, helping to avoid analysis paralysis or short-sighted decisions that backfires, so hopefully you'll keep them front of mind.

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 FourWeekMBA

The Leading Source of Insights On Business Model Strategy & Tech Business Models

15 Problem Solving Strategies For Business

Table of Contents

Feynman Technique

feynman-technique

5 Whys Method

5-whys-method

Second-Order Thinking

second-order-thinking

Lateral Thinking

lateral-thinking

Value Stream Mapping

value-stream-mapping

Fishbone Diagram

fishbone-diagram

RFM Analysis

rfm-analysis

McKinsey’s Seven Degrees Of Freedom

mckinseys-seven-degrees

Convergent vs. Divergent Thinking

convergent-vs-divergent-thinking

Root Cause Analysis

root-cause-analysis

Disney Method

whole-brain-model

Reverse Brainstorming

reverse-brainstorming

Eight Disciplines Problem Solving

eight-disciplines-problem-solving

Effective Problem-Solving Strategies

  • Feynman Technique : A method for learning and understanding new concepts by explaining them as simply as possible.
  • 5 Whys Method : An interrogative technique to identify the root cause of a problem by asking “why” five times.
  • Second-Order Thinking : Assessing the implications of decisions by considering future consequences and possibilities.
  • Lateral Thinking : Approaching problems from unconventional angles to find creative solutions.
  • Value Stream Mapping : Analyzing and improving the delivery of products and services through flowcharts.
  • Fishbone Diagram : Identifying potential causes for a problem using a visual representation of cause and effect.
  • RFM Analysis : Analyzing customer behavior based on recency, frequency, and monetary value .
  • McKinsey’s Seven Degrees of Freedom : A strategy tool to prioritize growth opportunities for businesses.
  • Convergent vs. Divergent Thinking : Convergent thinking uses established rules to find solutions, while divergent thinking encourages innovative ideas.
  • TRIZ Model : A systematic problem-solving framework based on patterns in innovation and invention.
  • Root Cause Analysis : Identifying underlying factors causing a problem for effective solutions.
  • Disney Method : A parallel thinking technique using different roles to analyze problems and develop action plans.
  • Reverse Brainstorming : Identifying potential problems and obstacles to find innovative solutions.
  • GROW Model : A coaching model for goal -setting and problem-solving, focusing on goal , reality, options, and will.
  • Eight Disciplines Problem Solving : A method for product and process improvement, developed by Ford Motor Company.

User Manual to Problem-Solving Techniques

Learning and memorization method.When studying new subjects, preparing for exams, or grasping complex concepts.Effective for deep understanding and retention. Encourages active learning.Time-consuming for extensive subjects or materials. Requires self-discipline.
Root cause analysis through repeated questioning.When investigating problems, defects, or recurring issues in processes.Identifies underlying causes, not just symptoms. Promotes creative problem-solving.May not uncover all root causes if applied rigidly. Requires skilled facilitation.
Consideration of future consequences in decision-making.When making strategic decisions or evaluating long-term impacts.Encourages holistic thinking and preparedness for multiple scenarios. Helps avoid short-sighted decisions.Can be time-consuming for simple decisions. May lead to overanalysis in some cases.
Approaching problems from unconventional angles.When traditional problem-solving methods fail or for fostering creativity.Sparks innovative solutions and breakthroughs. Encourages thinking beyond established patterns.Not suitable for all situations; may yield impractical ideas. Requires a creative mindset.
Analyzing and improving product/service delivery processes.When optimizing processes, identifying bottlenecks, or enhancing efficiency.Visualizes entire processes for better understanding. Identifies areas for streamlining and waste reduction.May be complex for intricate processes. Requires detailed data collection.
Visual technique for identifying potential causes of problems.During brainstorming sessions to explore the root causes of issues.Encourages comprehensive exploration of potential causes. Provides a structured approach to problem-solving.Can become overwhelming with too many potential causes. Requires facilitation for effective use.
Customer behavior analysis based on recency, frequency, and monetary factors.When segmenting and targeting customers in marketing and sales efforts.Provides actionable insights for tailored marketing strategies. Identifies high-value customer segments.Limited in considering other customer attributes. Data-intensive and requires robust data.
Strategy tool for assessing growth opportunities.During strategic planning and decision-making processes.Helps prioritize growth initiatives based on impact and feasibility. Structured approach to expansion strategy.May not address all aspects of complex business decisions. Requires clear goals and criteria.
Convergent: logical problem-solving; Divergent: creative idea generation.Convergent: For well-defined problems with clear solutions; Divergent: For brainstorming and exploring new ideas.Convergent: Efficient for solving straightforward problems; Divergent: Promotes creativity and innovation.Convergent: May limit creativity and miss unconventional solutions; Divergent: Can be chaotic and lack focus.
Systematic problem-solving framework based on inventive principles.When facing complex engineering or technical challenges that require innovation.Offers structured methodology for creative problem-solving. Encourages systematic exploration of inventive solutions.Requires familiarity with TRIZ principles and training. May not apply to all types of problems.
Identifying underlying causes of problems.When dealing with recurring issues, defects, or complex problems in various fields.Helps prevent problems from recurring. Supports evidence-based decision-making.Can be time-consuming and resource-intensive. Requires expertise in the problem domain.
Parallel thinking technique involving dreamer, realist, and critic roles.During brainstorming, idea generation, and planning sessions.Promotes well-rounded exploration of ideas. Reduces conflict and encourages constructive criticism.May not suit all team dynamics. Requires participants to switch roles effectively.
Brainstorming ways to create or worsen a problem.When stuck on finding solutions to a problem or generating innovative ideas.Encourages fresh perspectives on problems. Sparks creative thinking by considering unconventional angles.Initial ideas may be negative or impractical. Requires skillful facilitation.
Coaching and goal-setting framework with stages: Goal, Reality, Options, and Will.In coaching sessions or when setting personal or professional goals.Provides a structured approach to goal setting and problem-solving. Emphasizes personal ownership and commitment to actions.Primarily applicable to individual or coaching contexts. May not address complex organizational challenges.
Problem resolution method for product and process improvement.When addressing quality issues, defects, or process improvements in manufacturing and engineering.Offers a systematic approach to problem-solving. Focuses on both immediate fixes and preventive measures.Can be resource-intensive for extensive issues. Requires expertise in problem-solving tools and techniques.

Other Frameworks:

  • Growth Strategy Matrix
  • Ansoff Matrix
  • Growth Hacking
  • Go-To-Market Strategy
  • Amazon Flywheel
  • Customer Obsession
  • Coca-Cola Franchained
  • Dropbox Self-Serving Model
  • Zoom Freeterprise
  • Business Strategy
  • Types of Business Models
  • What Is a Value Proposition?
  • What Is Business Model Innovation
  • Platform Business Models
  • Network Effects In A Nutshell
  • Digital Business Models

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50 Business Problem Statement Examples [+Tips To Write]

Editorial Team

50 Business Problem Statement Examples

Whether you are a budding entrepreneur or a seasoned one, you need to have insights into what a problem statement for a business is, its examples, how to write it, and any other information about it.

When workplace staff members and departmental teams express initiative in solving problems, they demonstrate competence in handling complex and unanticipated challenges at work. Businesses rely on individuals and teams that can effectively analyze challenges and propose working solutions.

In this article, we offer tips on how to generate problem statements, with 50 comprehensive business examples you can use for reference.

What’s The Meaning Of A Problem Statement? 

 A problem statement summarizes a challenge that needs timely intervention to help improve a situation. It summarizes the problem in business, why it is a problem and how to address it. Businesses thrive when they can solve potential and existing customers’ issues.

new problem solving business ideas

Pointers On How To Write A Problem Statement 

A problem statement must be accurate and precise. There are vital components to consider when crafting a problem statement that can positively impact a project’s outcome. These include:

1. A Description Of How Things Should Work

First, provide some context that will make it easier to understand the problem by explaining how this process is supposed to function and work. Mention the problem while keeping the end-user in mind.

2. An Overview Of What The Problem Is And Explaining Its Impact

A practical problem statement should address a problem stating what it is, why it is a problem, and the benefits of solving it. It reveals who the problem affects and why it needs fixing. You could indicate any attempts you have undertaken to fix the problem and why those attempts did not work. Explain in detail your understanding of the problem at hand. Usually, fixing a problem in a business setup will help improve efficiency in the workflow processes, save time, minimize the wastage of resources, and impact the cost.

3. An Explanation Of The Cost Implications

When you explain the problem to critical stakeholders, mention the cost implications of not addressing the issue. Entrepreneurs understand the money language better, so framing the problem and projected solution regarding financial consequences is easier. Try to be specific by pinpointing exact figures of how much the business will lose if the issue remains unresolved and how much the business will save by implementing a workable solution. The problem of wasting resources or preventing the company from maximizing profits should reflect in the problem statement.

4. Evidence To Support Your Theory 

After stating the financial implications, you need to support your claims with evidence if the stakeholders are to take you seriously. You must conduct comprehensive research, cite your sources, and give practical examples. You must have relevant data to present if the need arises.

5. Suggestions For The Solutions 

A problem statement should propose a detailed solution to the problem. At this juncture, you need to have a firm grasp of where the challenges are arising from and offer practical approaches to mitigate them. You must outline your objectives by suggesting an ingenious strategy for addressing challenges.

6. Benefits Of Your Suggested Solutions 

After pinpointing the problem:

  • Explain the ramifications of not fixing these setbacks and propose appropriate solutions.
  • Demonstrate this by focusing on efficiency and the financial impact the solution will have helps convince stakeholders of the viability of the problem statement.
  • Comprehensively outline how the solution will impact finances by increasing revenue streams, reducing expenses, improving productivity, saving time, and increasing profit margins.    

7. A Summary Of The Problem And The Expected Solution 

In conclusion, you must summarize the problem, explain why it needs fixing, and provide an overview of why your solution is the best.

50 Business Problem Statement Examples  

1. social media channel.

While Mark Zuckerberg was studying, Harvard had its version of Facebook. Though it was possible to search other students’ profiles on the university wall, it was not possible to interact and perform any social interaction by liking, commenting, or networking. 

Problem:  The logistics of trying to connect, network, and interact with like-minded friends without physically having to travel.

“Human beings are social beings. They would love to interact and network with people in faraway places without physically traveling. People love to socialize but hate having to spend to do it.”

Solution:  Facebook allows its audience to search and network with like-minded individuals.

2. Manufacturing 

Problem:  An inefficient manual assembly process that consumes plenty of time affects productivity as employees have to spend hours manually installing machine parts. The long delays negatively impact production goals as you could spend that time developing products is spent fixing faulty machines.

Solution:  Automating assembly processes and installing conveyor belts to optimize manufacturing workflows.

Problem Statement:  Rigorous labor-intensive processing due to manual paperwork management.

3. Streaming Entertainment Service Company

Netflix, Hulu, and other streaming services came to solve the problem of people having to go to video stores to rent movies. They did this by trying to eliminate video stores and delivering movies to customers allowing them to keep those movies for as long as they needed. For this, their problem statement would be similar to this one:

“Clients detest going to a video store. They don’t like traveling back and forth and they hate paying late fees even more.” An interpretation of the problem statement is:  

Problem: Going to the store entails fighting through traffic and waiting in queues for your turn to get the movies you want.

Solution: The streaming service allows customers to enjoy numerous movies streamed directly to their mailbox. In this short statement, you have given an investor a simplified view of the problem and its solution. Grand problem statements focus on issues so the audience can identify with that problem and appreciate the solution the business is trying to come up with.

4. Software Company

Problem: Manual auditing delays processes in the finance department due to the cumbersome process of verifying and counterchecking financial statements, searching for documents for reference, and manually collaborating with different teams is negatively affecting productivity. The lengthy auditing process leads to many errors where documents get misplaced or lost, and it takes a lot of time to locate and retrieve them.

Solution:  An online database with search filters that simplifies the process of searching for documents.

5. Busy Office 

Process:  Forms for different functions like annual, sick or emergency leave need to be filled by employees for review and management approval. Human resource teams must scrutinize the forms, verify, scan, and upload them to the system. After that, the papers move to the finance department for manual re-entry, and payroll preparation begins.

Problem:  Overdependence on the manual system leads to irregularities, delays, omissions, and mistakes in service delivery to employees and vendors. This promotes a poor organizational response to arising issues and wastes precious time trying to identify and correct errors.

Solution:  Automating repetitive processes to help teams concentrate on the core business.

6. Engineering 

Problem:  Manual transportation of machine parts from one assembly line to the next, leading to inefficiencies making it impossible to meet the yearly production goals despite hiring additional staff.

Solution:  To minimize manual transportation of machine parts and increase reliance on mechanical robot arms and conveyor belts that appear between assembly lines. Such a move will prevent employees from walking back and forth across the assembly lines.  

Problem Statement:  Employee Efficiency to Improve Productivity

7. Healthcare Center

A medical facility operates 24/7 as patients need care round the clock.

Problem: There’s an insufficiency of medical personnel, especially on the night shift, which presents challenges during emergencies. Unfortunately, patients must wait hours for medical assistance, leading to inefficiencies.

Solution: The hospital must always have a medic on call to handle each department to prevent patients from being stranded during emergencies. Hiring part-time staff for the night shift will help alleviate the problem.

8. Cosmetics 

Problem Statement:  Customer dissatisfaction with skin care products for Caucasian skin

Problem:  Customers complain about the harshness of the sunblock cream.

Impact: Mistrust and suspicion about the quality of the products.

Solution: Product recall as it needs more analysis and tests.  

9. Ecommerce Business 

Problem Statement : Sales Quote Output

The quote generation display is critical as sales teams must swiftly generate quotes for customers to make their payments on time.

Problem : The quote generation display in the sales app is faulty, with sales teams complaining that the screen is prone to errors and consumes plenty of time to make it function. These issues have led to lost productivity in the sales department.

Solution : The department needs app improvements by replacing or upgrading existing software. 

10. Business Startup

Problem Statement : Inefficient customer data security

Problem : storing customer data in separate data stores with questionable encryption security practices presents operational risks and substantial reputational challenges.

Solution : Enlist the services of an IT expert to help improve the process of storing customer data.

11. Consultancy Firm 

Problem Statement:  Sales Software Outage

Problem:  Collapsing of the manual and automatic communication software for an extended period causes a communication breakdown. One section of the app experienced an outage that the mechanical system failed to pick up. Technicians tried the manual option but experienced error notifications a couple of times. The manual and automatic processes could not redirect calls to the API in a timely process leading to miscommunication and a loss in productivity. The setback arose during core business hours which had a massive negative impact on sales.

Solution : The outage could have been managed if the problem had been detected with API calls being redirected to a different location.

12. SaaS Company

Problem : Users of our software have challenges using it as they have to manually transfer information into the CRM after sending proposals. They need the CRM to track emails, phone calls, and other conversations that involve customer interactions. Without CRM integration, the software causes a frustrating experience for software users.

Solution : Send segmented surveys to determine the most effective CRMs to integrate and customize these integrations to improve user experience.

Problem Statement : Saas platform with an AI assistant for recruiters.

13. Recruitment Firms 

Hiring teams experience numerous repetitive hiring tasks, including vetting applications, scheduling or rescheduling interviews, handling cancellations, responding to concerns, and shortlisting applicants at various application stages.

Problem:  Plenty of tedious, monotonous manual work takes away the joy of meeting and assessing applicants that perfectly fit job descriptions.

Solution : Utilizing artificial intelligence technology or software applications that automate these processes.

14. Employee Management 

Problem:  Our organization needs a more secure way of onboarding and offboarding employees because the current system is cumbersome. Hiring managers have to depend on security teams to perform the same tasks.

Solution:  automating repetitive onboarding and offboarding processes.

15. Learning Institutions

Problem Statement:  Motivation for resolving tech issues Our school needs a work-from-home policy that allows staff to operate remotely.

Problem:  Our inexperience is causing us anxiety as we may lose competent staff to our more organized competitors.

Solution:  provide our teams with adequate tools and devices to protect the security of our data when staff operate remotely. We must provide secure access to cloud computing software and communication channels like Zoom or Microsoft Teams. Learning to use collaboration software will be a mandatory skill for staff.  

16. Real Estate

Problem:  Despite our real estate company’s decision to benchmark for free trial sign-ups that have remained steady, our paid subscriptions declined in the last few weeks. This means our business isn’t experiencing a traffic setback but a conversion challenge caused by a rise in mortgage interest rates, widespread economic challenges, pricing, and workflow processes.

Solution:  Restructure the free trial to offer less value because users gain too much from the free plan, which prevents them from signing up for a paid plan. Currently, users must sign up for a paid plan to access leads of real estate deals. We should also upgrade our software to include additional features that will retain investors on our platform.

17. Software Application 

Problem:  Users of our newspaper app avoid sharing content through the app and instead export the content from the app. This poses a challenge in our marketing strategy because potential customers need to be made aware that the content shared originates from our app leading to lower conversion rates. It also poses a challenge for app users as exporting range is time-consuming and could decrease app usage.  

18. Sales Strategies

Problem: Sales reps conduct manual planning using Excel spreadsheets and typed printout lists. They need more time which leads to difficulty in meeting targets. It also causes challenges in knowing which targets to visit, which affects sales and the inability to meet set goals.

19. Customer Care

Problem:  customers call the contact center seeking updates on their applications. Due to the vast volume, many applicants wait long hours to speak to an agent because the call center is understaffed. Employees are ill-equipped and lack adequate access to applicants’ track records, further compounding the backlog. The outcome leads to a frustrating experience for both applicants and staff. 

Problem Statement:  Using project management software for collaboration improves efficiency and productivity.

20. Problem:  Communication breakdown caused by overreliance on an inefficient manual system.

Solution:  Introducing technology by integrating a reliable project management system.

21. Problem Statement:  Stay-at-home-mums need an avenue to feel connected to a support group as they spend long periods alone.

Solution:  An app or social media channel where these mums can interact and network while attending to their babies.

22. Digital Transformation

Problem Statement:  Customers need a solution to help them create websites without overreliance on IT experts.

Problem:  People detest contacting IT specialists as the process is cumbersome.

Solution:  Apps that offer guidance to web users in creating simple websites.

23. Agricultural Firm 

Problem Statement:  Preserving perishables to minimize wastage.

Problem:  Though Jack& Jill Farms provides products to many supermarkets across the country, they consistently experience a loss due to their limited storage capacity and the fact that most of their products are highly perishable.

Solution:  Maintain an efficient supply chain to guarantee a ready market once the product leaves the farms. The firm must invest in modern storage facilities to improve preservation and shipping. 

24. Waste Management 

Problem Statement : Conduct a study on the proper waste management system.

Problem:  Manufacturing firms in my area are releasing industrial chemicals into the river leading to environmental degradation.

Solution:  Present a research proposal to the city authorities requesting permission to conduct a proper waste management system analysis and devise a viable solution.

25. Virtual Assistant 

Problem:  Challenges onboarding new clients, which lead to prolonged periods of idleness and a struggle to meet basic needs

Solution:  Integrating new technology in marketing and creating awareness for the business.  

Other examples of problem statement ideas include:

26. Problem:  Fierce competition

Solution:  Market the business online and offline using technology and modern strategies.

27. Problem:  Unrealistic expectations 

Solution:  Manage expectations by setting realistic goals.

28. Problem:  Challenges in hiring suitable candidates

Solution:  Shortlist suitable applicants and review each application noting an applicant’s experience level and skills.

29. Problem:  Cyber security threats that lead to unauthorized access to sensitive data.

Solution:  Engaging the services of an IT expert.

30. Problem:  challenges in gaining client trust 

Solution: Develop healthy relationships to improve trust. 

31. Problem:  Financial setbacks 

Solution:  Engage the services of a financial expert who can help streamline cash flows and budgetary allocations and share helpful insights. 

32. Problem:  Uncertainty about the future and not being able to predict customer and market trends 

Solution:  Consulting the services of an expert who can predict essential trends.

33. Problem:  Resisting change. 

Solution:  Know when to embrace change by firing and hiring new staff or overhauling processes to improve efficiency.

34. Problem:  Employee retention

Solution:  Addressing employee challenges and offering incentives, and rewarding job performance

35. Problem : Lack of startup capital 

Solution:  Use locally available material, start small, and consistently plow profits into the business.

36. Problem:  Fluctuating prices due to inflation

Problem Statement:  Diversify and Optimize

Solution:  Altering business models to suit the current prevailing situation.

37. Problem: Administrative Workload 

Solution:  Outsourcing or hiring temporary staff to handle bookkeeping, repetitive tasks or automating workflows.

38. Problem: Time Management Challenges 

Solution:  Proper planning and organization by prioritizing and delegating tasks, especially those with short turnaround periods.

39. Problem: Marketing And Advertising Challenges

Solution:  Defining what strategies would work best by researching the market and identifying the ideal target market. From there, develop a plan that targets that group.

40. Problem: Low Business Leads To Client Over-Dependence 

Solution:  Diversify your client base to prevent closing the shop once a major client closes their account with you.

41. Problem: Indiscipline In Money Management 

Solution:  Learning good financial habits and disciplining oneself to stick to set rules. A business should have a diversified client base to cushion the company when a single client quits or defaults payments.

42. Problem: Work-Related Pressure Leading To Fatigue

Solution:  Most successful business owners fall into the habit of overworking, leading to burnout and fatigue. Success doesn’t mean slavery but the ability to integrate balance into one’s activities.

43. Problem: Founder Dependence 

Solution:  A business that stagnates without its founder is a business with a time limit.

44. Problem Statement: Balancing Growth And Quality

Problem:  sometimes, a business must sacrifice to scale up. This means that you may only be able to manage some client relationships personally.

Solution:  Navigate the process to allow growth without interfering with the brand.

45. Problem: Meeting Customer Demand

Solution:  Awareness of what the customer wants and prioritizing their needs

46. Problem:  Maintaining quality customer relations

Solution:  Consistency, patience, and nurturing healthy relationships

47. Problem:  Preserving a good reputation

The speed of information makes tracking your business’s public image challenging.

Solution:  Utilize software or companies that track social media for mentions of your company. With technology, you can get notifications about an arising issue and be able to address it immediately. 

48. Problem:  Marketing in a saturated marketplace 

Solution:  Market strategically using unique and compelling messages to attract potential clients

49. Problem:  Choosing the right tools 

Solution:  Identify the need and look for tools that help meet that specific need.

50. Problem: Globalization

Understanding foreign cultures are crucial to penetrating new markets with existing products or services.

Solution:  Altering designs to accommodate new markets

Conclusion 

Every successful company starts by creating a solution to a need, an important reason your business needs to have a problem statement. The better you articulate the problem, the more treasured your solution will be. Most companies make the mistake of not giving the problem as much importance as the solution. Instead, many entrepreneurs concentrate on the solution and completely forget to explain why the problem is essential. Before your business markets a solution to a problem, make sure your clientele is aware of the problem your business is solving, which is made clear through your problem statement. Comprehensively articulating a problem statement help in improving the effectiveness of your business.

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Data Backup and Recovery Explained: The Ultimate Guide for Beginners You are a business owner who is aware of what data takes center stage for an individual. You rely on data to get through the day, and it fuels most of your business operations. Yet, what if something goes awry without warning, you no longer have your data or access to it? Sadly, the loss of data employees can be detrimental to a business. According to the report, 40-60% of small businesses will never recover from data loss. That is why you must protect your data no matter what. Naturally, every business would always retain data in a perfect world, but this is reality. Nearly all of them can be considered one important element and something that you must take into account in just about any case because malicious outsiders, user errors, hackers, natural disasters, and other elements are all over the place, and they will come to get your business soon. However, you can save your business by having a data backup and recovery. What Is Meant by Data Backup and Recovery? Data recovery and backup are straightforward concepts that describe backing up data such as files or information for a (defended) system or embodying the same in a secure system where it could be recovered when lost. Data backup and recovery explained the need to back up every last scrap of vital data and ensure that it is safely tucked away and easily recoverable. Traditionally, organizations only used tape devices to follow this technique. However, other alternatives in the present world aid you in storing data securely over the internet. If you need to start using these devices, it just means that the backup will be done badly or won´t even exist. What is Data Backup? Data backup is the process of replicating data so that it may be recovered in the event of a loss. No firm can operate without data. By employing a solid data backup strategy, you can maintain your operations during and after a disaster and avoid major data loss. You will also allow a good customer experience & brand damage, not to mention your archive and peace of mind. Types of Data Backup To truly comprehend data backup, you must first grasp the various backup types. Based on the quantity of data stored and where it is backed up, backup types may be divided into two groups. Backups, depending on the quantity of data, can be: ● Full backups- This involves backing up all the data stored in a company's system and network for protection. This form of backup typically takes a long time, depending on how much data is backed up. ● Incremental backups- Backing up the data your company has acquired and created since the last full backup. This backup method takes far less time than a complete backup, and you may schedule incremental backups to occur automatically. ● Differential backups - Same as incremental backup, the only difference between differential and incremental is that differential backs up all the changes made to the files and folders since they were created, whereas in the case of incremental only those blocks that have been changed are backed up. The difference here is a differential backup logs the changes since the incremental backup. What Is Data Recovery? Recovery is what you do when restoring your data that has been either deleted, lost, corrupted, or made inaccessible. It recovers the data, and this is the process called data recovery. Hence, it presents a unique data recovery process with the backup target media, data recovery software, and every possible case of data loss. Types of Data Recovery If comes to recoup your knowledge, it is essential to grasp what sort of information recovery you need. There are different situations for data loss. Hence, the type of recovery you want depends on its applicability in a particular data loss scenario. ● File restore—This is something nearly all will immediately think of as data recovery. It refers to recovering one or more files once they have been deleted. ● Bare metal restore—This type of restore requires restoring the whole system image; it is a full bare-metal restore function. Bare metal refers to when a new system is out of using hardware without any configuration. ● Volume restores—You perform a volume restore when you don't have to do a full bare metal restore. This will restore files and folders, keeping their permissions as they are. ● Local virtualization involves restoring a virtual server from a snapshot on the local backup device using hypervisor technology. ● Cloud virtualization- The same as local virtualization, except we are recovering the data from the cloud rather than physical storage. Data Backup and Recovery Best Practices Best data backup and recovery practices are key for protecting, preserving, and ensuring the fast restoration of data in the event of loss or corruption. The following are some best practices that an implementation of a guard should adhere to: ● Schedule Daily Backups: These should be scheduled as regular backups so that you always have an up-to-date data backup. It is up to your data change frequency. ● Off-Site Backups: Save the backups in different locations and keep the data far from where your business is run; this way, you get protection against local disasters. This can be a combination of onsite and offsite backups. ● Automated Backup: There are automated solutions that reduce human error and ensure backups are consistent. ● Backup Encryption: This means backing up your Java Service data so that it is not in plain text. ● Backup Testing: Perform regular tests on these backups to check if restoring them in a live environment is possible. That means doing drills to pull yourself back around. ● Create documentation: Maintain complete documentation of backup and recovery activity, including schedules, locations, and encryption methods. This was important for troubleshooting and training. Conclusion Data backup and recovery should be central elements of your strategy as well. With that, people and businesses can learn what types of backups there are, how to offer the best practices, and become familiar with emerging trends to keep their information safe and recoverable if disaster strikes. If you are a novice in IT or already experienced in the industry, reliable backup and recovery solutions must support your most significant digital valuables.

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Data backup and recovery explained: the ultimate guide for beginners.

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10 Brainstorming Techniques for Developing New Ideas

A group of people in a brainstorming meeting with computers in an office

Brainstorming is an essential practice for creative thinking and problem-solving. At its most basic, brainstorming simply means identifying a problem, and then coming up with as many fresh ideas as possible that may help solve that problem. In practice, however, brainstorming needs to be structured to be successful.

No matter which brainstorming method you try, be sure to keep these tips in mind:

  • Outline a problem or topic that needs further examination and group feedback for your brainstorming session.
  • Use a shared digital space to conduct your brainstorming . This not only makes brainstorming easier, but also ensures you don’t lose any ideas and have a document to refer to in the future.
  • Encourage quantity over quality . Participants can often get hung up on having the “best idea” but this often leads to creative blocks. Instead, focus on generating a high number of ideas first. Once you have a lot of ideas, you can start refining the best ones. However, if you have fewer ideas, you’ll have fewer options to choose from.
  • You don’t always need a facilitator, but having one can help to have somebody guide a group of people through the ideation process . If needed, assign a team leader or facilitator before the idea generation begins to keep track of time limits and record the most creative ideas.

10 brainstorming techniques for better idea generation

Question brainstorming.

Question brainstorming is a method where participants come up with as many questions about the problem as possible. In this activity, participants should only come up with questions, not answers. This method is great because it helps the group try to understand the problem completely without the pressure to have the single best solution.

How to try this technique:

  • Decide on the central topic or problem you want to brainstorm for.
  • Each group or individual then takes 10-15 minutes to write as many questions about the topic or problem they have without trying to come up with an answer to any of them.
  • After 10-15 minutes, the group gets back together to share, group, and prioritize the questions.
  • Go through the full list of questions and start answering each one to better understand the core topic or problem.
Need inspiration? Check out these 25 brainstorming questions for effective brainstorms .

Hybrid brainstorming

The best way to get the most out of your brainstorming efforts is to combine the best of async and real-time idea generation. This technique starts off with individual brainstorming and ends with a collaborative, group brainstorming session.

How to do it:

  • Chose the top 5 questions you want the brainstorming session to be based around.
  • Have each participant begin brainstorming in their own dedicated space.
  • Next, have everyone share their ideas so you have one central repository of all the ideas.
  • Go through each question and discuss any questions that arise.
  • Vote on the top ideas to focus on.
  • Turn the top ideas into action items and celebrate your successful ideation session.

The Conducting a Brainstorm template from Mural

Mind map brainstorming

Using the mind mapping brainstorming technique helps your team use the central focus of your project as a starting point, explore all the potential variables tied to that project, and build an understanding of how those variables relate to the main topic, as well as to one another.

  • Add a central topic or question to the center of the mind map.
  • Add branches and nodes based on secondary thoughts to the primary topic. 
  • Keep adding branches and nodes based on additional ideas until you have a satisfactory number of related ideas.

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Starbursting

The starbursting method involves asking a series of questions, typically using the 5 W's and 1 H (Who, What, Where, When, Why, and How) to explore the different aspects of the problem or topic. Starbursting is a divergent thinking approach focused on asking questions about the topic in order to generate a wide range of ideas.

How to run a starbursting exercise:

In Mural , Add six sticky notes around a central idea or problem and label them “Who,” “What,” “Where,” “When,” “Why,” and “How.” For each question, encourage participants to generate as many ideas as possible. Alternatively, you can conduct starbursting in Mural by creating a mind map.

new problem solving business ideas

Once the ideas have been generated, the facilitator can use other ideation techniques to further refine the ideas and identify potential solutions to the problem. Try clustering similar ideas together, categorizing the ideas into different groups with tags, or prioritizing the ideas based on their potential impact or feasibility.

The 'crazy eights' brainstorming technique is a great way to explore a wide range of ideas by encouraging quantity and time-boxing every exercise for efficiency. Brainstorm 8 different solutions in just 8 minutes. Once you’re ready, you can review the ideas and agree on the most effective solution.

How to do a crazy 8s brainstorm:

  • Have each participant take a piece of paper (or use an online whiteboard ) and divide it into eight parts.
  • Sketch or detail eight ideas, spending one minute for each panel.
  • Have each participant share their own ideas.
  • Vote on the top ideas and turn them into actionable next steps.

The Crazy Eights Template by Mural

Round robin brainstorming

A round robin is a great way to encourage your team members to think critically about a problem or challenge, as well as build on one another's ideas. The format calls for dividing your team into small groups, and having each person pass their ideas along to the following teammate, who then offers counterpoints or further suggestions, helping identify potential weaknesses or spurring innovation within the session.

How to run a round robin:

  • Set the brainstorming topic or problem you’re looking to solve.
  • Divide your group or participants into four teams, or add more panels to accommodate more participants.
  • Have each group or participant write down a proposal and move to the next panel
  • Looking at what the other group or participant suggested, write down reasons why their proposal might fail then move to the next panel.
  • Based on the proposal and weaknesses, have each participant or group craft a final concept using the weaknesses as feedback.

An image of the MURAL Round Robin template

Looking for more instruction? Check out our complete guide on round robin brainstorming with a walkthrough, tips, and variations of the round robin method.

6-3-5 brainwriting

6-3-5 brainwriting is a group brainstorming method that involves creating a lot of ideas and building on the ideas of the other participants to give a total of 108 ideas in a short amount of time.

To run this exercise, you'll need 6 participants to create 3 ideas each within 5 minutes. Run this exercise for 6 rounds for a quick, half-hour brainstorming exercise.

  • Have each participant select one panel and begin writing ideas related to the topic or problem statement on the first row of sticky notes.
  • After five minutes, participants move to a different panel and do another round of ideation, using the previous row of ideas for inspiration.
  • Run four more rounds of this exercise, or stop when you have enough ideas.
  • Cluster and vote on the winning ideas with your team.

The 6-3-5 Template from Mural

Brainwriting can be a marked improvment over more conventional brainstorming methods. In addition to reducing the pressure to openly share ideas that might be a bit "out there," brainwriting can help reduce participation inequity and prevent groupthink. Learn more in Mural's guide to brainwriting .

Reverse brainstorming

Reverse brainstorming involves looking at a problem from a different angle for generating ideas. Instead of asking, "What can we do to solve this problem?" the goal becomes, "How can we create this problem or make it worse?"

By focusing on the opposite of the problem or goal, team members can uncover new insights and approaches that they may not have considered otherwise. Once the "reverse" ideas have been generated, participants can then work to flip them around and find ways to turn them into positive solutions.

How to run a reverse brainstorm

  • Draft a problem statement or starting topic for your team to brainstorm on
  • Instead of posing the question: “How can we fix this?” ask “How can we make this problem worse?
  • Participants will instead find more root causes driving the problem that you can start to address and dig deeper into
  • Review and prioritize the ideas by severity or impact

Silent circuit

The silent circuit is a quiet brainstorming activity helps groups ideate across multiple topics while still being inclusive for quieter participants. This method is great for large groups, hybrid teams, and teams with introverts. This method is also great for getting different points of view.

How to run a silent circuit:

  • Write "how might we" questions or a different prompt at the top of each brainstorming section.
  • Set a timer and encourage participants to pan around the canvas and silently add as many ideas on sticky notes as they can under each prompt.
  • When time is up, participants return to their original question and share all the ideas for each category.
  • Review the questions and create action items for the best ideas.

The Silent Circuit Template from Mural

Brain-netting

Brain-netting is a traditional brainstorming session conducted online. Online brainstorming isn’t a new concept, but recent shifts in remote work and collaboration tools have made this a much more common exercise. The main benefit of a brain-net is that it can be done asynchronously, meaning collaborators don’t have to. 

Brain-netting is more common among remote teams, where asynchronous communication and video calls are the norm. However, any team can leverage brain-netting to take a brainstorming activity online, generate innovative ideas, and get the creative juices flowing.

How to run a brain-netting exercise:

  • Kickoff the session and warm-up your team with a virtual icebreaker that can be done asynchronously
  • Add a problem statement or define a topic to ideate over
  • Brainstorm together or set a deadline for when team members should have added their ideas to the brainstorming platform 
  • Synthesize the ideas together, or summarize them and share the common themes
  • Prioritize the ideas, pick a winner, and/or define next steps
Related: How to Facilitate a Brainstorming Session

Why brainstorming is essential for innovation

Brainstorming fosters creative thinking.

If you’re facing a difficult problem, brainstorming can help you to generate potential solutions that you might not have thought of otherwise. The free-flowing nature of brainstorming is meant to encourage exploration and a diversity of ideas — even those suggestions that seem tangential or unrelated at first may wind up forming the basis for effective solutions later on, or as inspiration for new products or features.

Brainstorming puts your best ideas in one place

Brainstorming helps you to organize your team's thoughts and feedback on any project. By structuring your brainstorming sessions so that everyone is engaged and all ideas are recorded, you can later organize your feedback by theme , using tools like tags for sticky notes and filtering. This can help you to better assess which ideas are worth pursuing and which ones are not, and begin to quickly and easily outline actionable next steps.

Types of brainstorming

There are three main types of brainstorming. Each approach has advantages and disadvantages, though hybrid brainstorming (enabled by platforms like Mural) mitigates the issues of by synchronous and async brainstorming.

Asynchronous brainstorming

Individuals are presented with a question or topic to consider on their own. Later, team members contribute their ideas to a shared document for further discussion and organization. The main advantage with asynchronous brainstorming is that it inherently avoids issues like groupthink since each individual completes the exercise independently.

Synchronous brainstorming

A team gathers together to brainstorm in a meeting, with everyone sharing ideas and grouping suggestions by theme. The main advantage of synchronous brainstorming is that it allows your team to build on one another's ideas in real time, making your session potentially more productive and speeding up innovation.

A hybrid approach to brainstorming combines elements of both asynchronous and synchronous ideation. By establishing a basis of psychological safety, as well as taking advantage of modern, cloud-based collaboration tools and features built to avoid groupthink, it's really possible to get the best of both worlds.

Tips for productive brainstorming

Establish an environment of psychological safety.

One of the most important elements in unlocking effective brainstorming is establishing a culture and environment of psychological safety . A brainstorming session should be one where everyone feels comfortable contributing without self-editing — in this phase, ideation shouldn't be interrupted by critiques or pushback. It's simply about collecting as many ideas and different perspectives as possible.

Psychological safety also means you are less likely to be impeded by groupthink — if the brainstorming session is characterized by a wide array of ideas and even constructive disagreement, you will have a much better basis upon which to formulate potential solutions than if everyone agrees or one line of thinking dominates your discussion.

Use private brainstorming within the context of a group meeting

To achieve this, you'll need to make people feel safe to share what they may think are outlandish or controversial ideas, which can be difficult to achieve. If you're not sure how best to begin, tools like Private Mode when using Mural can help you avoid groupthink by hiding the feedback that others are providing. Alternatively, when using a shared digital space like Mural, asynchronous brainstorming is also a viable solution — this allows people to reflect on their own, and bring their unique perspectives without outside influence into the meeting at a later date for discussion and organization.

Related: 7 Key Rules for Brainstorming

Follow-up after the brainstorming session

Brainstorming ideas is only the first step. After the brainstorming session is over, the team moves into the implementation phase. Be sure to define next steps and the roles of each team member so everyone understands the workflow and what’s expected of them. By following up, you ensure that the ideas you captured don’t get forgotten and a solution can be implemented.

Define a strategic goal for your brainstorming meeting

Once you've established the approach for your brainstorm, it helps to give greater context to your ideation by defining an overarching, strategic goal. Are you at the very outset of a problem with a lot of variables, and trying to better understand how they relate to one another? Is the purpose of your meeting to discover new ways to improve user experience for a given product or feature? Each use case requires a different basic framework for your brainstorming meeting.

Use these techniques to run better brainstorming sessions

Brainstorming is an essential part of the innovation process, but it can be difficult to come up with new ideas if you’re not sure where to start. The techniques we’ve outlined in this post should help you structure your brainstorming sessions in a way that makes them more effective and helps you produce actionable insights and takeaways.

If you want to make your brainstorming sessions even more productive, using a shared digital space like Mural not only unlocks visual thinking and online collaboration, but also builds in strategies to combat issues with groupthink and allows for hybrid brainstorming sessions that combine the best of asynchronous and real-time meetings.

Mural offers a host of brainstorming templates to kickstart more effective and meaningful (not to mention fun) sessions. Get started today with a Free Forever plan , and invite unlimited guests so you can build the next great idea together with your whole team.

About the authors

Bryan Kitch

Bryan Kitch

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Better Brainstorming

  • Hal Gregersen

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Great innovators have long known that the secret to unlocking a better answer is to ask a better question. Applying that insight to brainstorming exercises can vastly improve the search for new ideas—especially when a team is feeling stuck. Brainstorming for questions, rather than answers, helps you avoid group dynamics that often stifle voices, and it lets you reframe problems in ways that spur breakthrough thinking.

After testing this approach with hundreds of organizations, MIT’s Hal Gregersen has developed it into a methodology: Start by selecting a problem that matters. Invite a small group to help you consider it, and in just two minutes describe it at a high level so that you don’t constrain the group’s thinking. Make it clear that people can contribute only questions and that no preambles or justifications are allowed. Then, set the clock for four minutes, and generate as many questions as you can in that time, aiming to produce at least 15. Afterward, study the questions generated, looking for those that challenge your assumptions and provide new angles on your problem. If you commit to actively pursuing at least one of these, chances are, you’ll break open a new pathway to unexpected solutions.

Focus on questions, not answers, for breakthrough insights.

The Problem

Great innovators have always known that the key to unlocking a better answer is to ask a better question—one that challenges deeply held assumptions. Yet most people don’t do that, even when brainstorming, because it doesn’t come naturally. As a result, they tend to feel stuck in their search for fresh ideas.

The Solution

By brainstorming for questions instead of answers, you can create a safe space for deeper exploration and more-powerful problem solving. This brief exercise in reframing—which helps you avoid destructive group dynamics and biases that can thwart breakthrough thinking—often reveals promising new angles and unexpected insights.

About 20 years ago I was leading a brainstorming session in one of my MBA classes, and it was like wading through oatmeal. We were talking about something that many organizations struggle with: how to build a culture of equality in a male-dominated environment. Though it was an issue the students cared about, they clearly felt uninspired by the ideas they were generating. After a lot of discussion, the energy level in the room was approaching nil. Glancing at the clock, I resolved to at least give us a starting point for the next session.

  • Hal Gregersen is a Senior Lecturer in Leadership and Innovation at the MIT Sloan School of Management , a globally recognized expert in navigating rapid change, and a Thinkers50 ranked management thinker. He is the author of Questions Are the Answer: A Breakthrough Approach to Your Most Vexing Problems at Work and in Life and the coauthor of The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators .

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13 Online Business Ideas You Can Start Today—With Little to No Investment

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Looking to switch careers or find a new way to make money ? These online business ideas could be just what you need to boost your income without a significant investment upfront—and all from the comfort of your home.

Whether you already have a skill to use as a starting point or are open to exploring different paths, there are plenty of opportunities out there. Some can be done alongside your main job to earn extra cash, like a side hustle , but keep in mind that most online businesses will need a bit more time and planning to grow.

Below, you'll find 13 online business ideas, split into specialty jobs and non-specialty options—plus some tips on how to choose the right one for you.

Build your dream business with the help of a high-paying job—browse open jobs on The Muse »

Online businesses to start using your expertise

Professionals from almost any field can trade traditional in-house positions to great online businesses—it just might take an innovative approach. If you don't find your niche in this list, use these options as inspiration to tailor something to your own expertise.

1. Online personal trainer

If you're a certified personal trainer, you can offer your services online and start an internet-based business. Help your clients achieve their health goals through personalized workout plans and virtual training sessions. With the facility of video call platforms, you can work from anywhere around the globe.

Why it's worth considering:

  • Low startup costs
  • Flexibility to schedule sessions according to your availability
  • Potential to earn regular income through subscription-based services

Potential challenges:

  • Need to keep clients engaged and motivated remotely
  • Competition from established fitness programs and trainers
  • Requires continual learning to stay updated with fitness trends and techniques

2. Tech specialist

You can offer remote technical support, web development, or IT consulting to business and individual clients, and enhance brands' digital presence by solving technical challenges through tailored solutions.

  • High demand for specialized digital skills in today’s tech-driven economy
  • Potential for long-term client partnerships and project-based work
  • Opportunity to expand into niche markets with evolving technologies
  • Competition from global freelancers and agencies offering similar services
  • Initial investment in tools and software for efficient service delivery
  • Need for ongoing skills development and adaptation to technological advancements

3. Graphic designer

Every brand needs a graphic designer. Instead of working in-house or at a big agency, you can run a solo online company, crafting visual identities, logos, and digital artwork for businesses.

  • Growing market demand with the rise of the creative economy
  • Potential for ongoing projects and referrals through satisfied clients
  • Opportunity to work across industries, from startups to well-established brands
  • Competition from freelance talent worldwide and design agencies
  • Continuous skill enhancement to stay ahead in a dynamic design landscape
  • Initial investment in tools and equipment

4. Copywriter

Are you proud of your writing skills ? Help businesses communicate effectively with their audience. Tailor your writing style to different industries and clients, offering services like advertising copy, website content, and email campaigns.

  • Flexibility to work on diverse projects across different industries
  • High demand for qualified human writers with the rise of AI
  • Opportunity to build long-term client relationships and referrals
  • Meeting deadlines and managing multiple client projects
  • Adapting writing style and tone to client preferences and brand guidelines
  • Competition from freelance writers and content creation platforms

5. Social media manager

Brands big and small benefit from a strong social media presence. As a social media manager, you'll curate and handle social media accounts, develop content strategies, and engage with followers to boost visibility and sales.

  • High demand as businesses prioritize online presence
  • Opportunity to work with diverse industries and brands
  • Turn your online knowledge into a lucrative business
  • Real-time crisis management
  • Adapting to algorithm changes on social media platforms
  • Demonstrating ROI and campaign effectiveness

6. Virtual nutritionist

If you have a nutrition background, there are plenty of untapped internet business opportunities you can explore. Many people seek help in pursuing a healthier lifestyle, but don't want the burden of having to go to an in-person appointment. You can write ebooks, offer personalized meal plans, and provide dietary advice through virtual consultations.

  • Multiple ways to diversify your product offerings
  • Flexibility to offer virtual consultations and scalable services
  • High demand for personalized dietary advice
  • Lack of in-person data gathering, such as weighing and measuring
  • Managing client expectations and dietary compliance remotely
  • Building a client base through effective marketing and referrals

7. Interior designer

High-definition photos and videos of a space can be all you need to provide an interior designer solution (along with your talent, of course). Create customized design plans, mood boards, and shopping lists to help clients bring their vision to life in their homes, offices, or stores.

  • Opportunity to capitalize on Pinterest and other visually-driven platforms
  • Flexibility to create your own schedule and deadlines
  • Reach clients around the globe with no distance restrictions
  • Need for strong visualization and spatial planning skills
  • Managing client expectations and project timelines remotely
  • Sourcing and recommending decor services in many parts of the world

Best online business ideas to start with no money or special knowledge

Looking for more versatile online business ideas? We've got you covered. These options don't require specialized background knowledge. Check the list and find what is a good online business for your current needs.

8. Dropshipping

What about starting an online store without the hassle of inventory? With dropshipping, you can sell products from suppliers who handle storage and shipping. You just have to focus on marketing and customer experience.

  • No need to handle inventory
  • Scalable business model
  • Competitive market and fluctuating product costs
  • Quality control and customer service management
  • Dependency on third-party suppliers and shipping times

9. UGC creator

UGC stands for user-generated content, and it's a hotmarketing topic. As a full-time UGC creator, you can monetize your creativity through sponsorships, ads, or selling branded merchandising.

  • Flexibility to create content on topics of personal interest
  • Potential for passive income streams through digital platforms
  • Opportunity to work with global brands
  • Need for consistent content creation and audience engagement
  • Depends on your looks/onscreen personality
  • Shooting content can take more time than expected

10. Virtual assistant

If you're the most organized person in your friend group, this might be the perfect internet-based business for you. As a virtual assistant, you can provide administrative, technical, or creative support remotely. Help with tasks like managing emails and scheduling meetings for busy executives or social media influencers.

  • High demand for virtual support services
  • Flexibility to work with multiple clients and industries
  • Opportunity to specialize in niche areas like marketing or executive assistance
  • Time management
  • Workload prioritization
  • Client communication

11. Translator

Those who are fluent in more than one language have one of the best online businesses up their sleeves. Help businesses and individuals translate documents, websites, or multimedia content, ensuring accurate and culturally sensitive communication.

  • Growing demand for multilingual communication
  • Ability to work with international clients and projects
  • Flexibility to specialize in technical or creative translations
  • Need for linguistic accuracy and cultural understanding
  • Managing project deadlines and client expectations
  • Requires continuous learning to keep up with language trends and industry terminology

12. Affiliate marketing

If you love recommending products to friends and already have a social following, think about affiliate marketing. Promote products or services through affiliate links and earn commissions on sales generated from your marketing efforts.

  • No need to create or maintain products
  • Passive income streams
  • Ability to diversify partnerships and marketing channels
  • Dependence on affiliate program policies and commission structures
  • Competitive affiliate landscape and evolving consumer preferences
  • Need for strategic content creation and audience engagement to drive conversions

13. Online store

Internet sales businesses like an online store may take more effort than other types, but they can also be a fantastic way to turn a passion into profit. You can sell anything: handcrafted jewelry, homemade candles, creative art, and even flipped thrift finds. With good marketing and customer service, building a successful and lucrative online store is totally achievable.

  • Opportunity to showcase unique products to a global audience
  • Flexibility to scale operations and product offerings
  • Direct customer interaction and feedback for business growth

Potential challenges: 

  • Initial investment in website development and inventory management
  • Competition from established e-commerce platforms and marketplaces
  • Logistics and shipping complexities

What is the best online business for you?

With so many lucrative internet businesses to consider, you might be wondering, “What online business can I start?” The first step to finding the best fit for you is identifying a valuable skill you already have—maybe it's specific knowledge for a niche market or a versatile soft skill applicable to broader business needs.

Then, adopt a strategic mindset to put your idea into action. Regardless of the type of business you choose to pursue, planning ahead is crucial. Need help with this part? Here's how to start a business in 8 steps .

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Six problem-solving mindsets for very uncertain times

Great problem solvers are made, not born. That’s what we’ve found after decades of problem solving with leaders across business, nonprofit, and policy sectors. These leaders learn to adopt a particularly open and curious mindset, and adhere to a systematic process for cracking even the most inscrutable problems. They’re terrific problem solvers under any conditions. And when conditions of uncertainty are at their peak, they’re at their brilliant best.

Six mutually reinforcing approaches underly their success: (1) being ever-curious about every element of a problem; (2) being imperfectionists , with a high tolerance for ambiguity; (3) having a “dragonfly eye” view of the world, to see through multiple lenses; (4) pursuing occurrent behavior and experimenting relentlessly; (5) tapping into the collective intelligence , acknowledging that the smartest people are not in the room; and (6) practicing “show and tell” because storytelling begets action (exhibit).

Here’s how they do it.

1. Be ever-curious

As any parent knows, four-year-olds are unceasing askers. Think of the never-ending “whys” that make little children so delightful—and relentless. For the very young, everything is new and wildly uncertain. But they’re on a mission of discovery, and they’re determined to figure things out. And they’re good at it! That high-energy inquisitiveness is why we have high shelves and childproof bottles.

When you face radical uncertainty, remember your four-year-old or channel the four-year-old within you. Relentlessly ask, “Why is this so?” Unfortunately, somewhere between preschool and the boardroom, we tend to stop asking. Our brains make sense of massive numbers of data points by imposing patterns that have worked for us and other humans in the past. That’s why a simple technique, worth employing at the beginning of problem solving, is simply to pause and ask why conditions or assumptions are so until you arrive at the root of the problem. 1 This approach was originally developed by Sakichi Toyoda, the founder of Toyota.

Natural human biases in decision making, including confirmation, availability, and anchoring biases, often cause us to shut down the range of solutions too early. 2 Daniel Kahneman, Thinking, Fast and Slow , New York, NY: Farrar, Straus and Giroux, 2011. Better—and more creative—solutions come from being curious about the broader range of potential answers.

One simple suggestion from author and economist Caroline Webb to generate more curiosity in team problem solving is to put a question mark behind your initial hypotheses or first-cut answers. This small artifice is surprisingly powerful: it tends to encourage multiple solution paths and puts the focus, correctly, on assembling evidence. We also like thesis/antithesis, or red team/blue team, sessions, in which you divide a group into opposing teams that argue against the early answers—typically, more traditional conclusions that are more likely to come from a conventional pattern. Why is this solution better? Why not that one? We’ve found that better results come from embracing uncertainty. Curiosity is the engine of creativity.

We have to be comfortable with estimating probabilities to make good decisions, even when these guesses are imperfect. Unfortunately, we have truckloads of evidence showing that human beings aren’t good intuitive statisticians.

2. Tolerate ambiguity—and stay humble!

When we think of problem solvers, many of us tend to picture a poised and brilliant engineer. We may imagine a mastermind who knows what she’s doing and approaches a problem with purpose. The reality, though, is that most good problem solving has a lot of trial and error; it’s more like the apparent randomness of rugby than the precision of linear programming. We form hypotheses, porpoise into the data, and then surface and refine (or throw out) our initial guess at the answer. This above all requires an embrace of imperfection and a tolerance for ambiguity—and a gambler’s sense of probabilities.

The real world is highly uncertain. Reality unfolds as the complex product of stochastic events and human reactions. The impact of COVID-19 is but one example: we address the health and economic effects of the disease, and their complex interactions, with almost no prior knowledge. We have to be comfortable with estimating probabilities to make good decisions, even when these guesses are imperfect. Unfortunately, we have truckloads of evidence showing that human beings aren’t good intuitive statisticians. Guesses based on gut instinct can be wildly wrong. That’s why one of the keys to operating in uncertain environments is epistemic humility, which Erik Angner defines as “the realization that our knowledge is always provisional and incomplete—and that it might require revision in light of new evidence.” 3 Erik Angner, “Epistemic humility—knowing your limits in a pandemic,” Behavioral Scientist , April 13, 2020, behavioralscientist.org.

Recent research shows that we are better at solving problems when we think in terms of odds rather than certainties. 4 Annie Duke, Thinking in Terms of Bets: Making Smarter Decisions When You Don’t Have All the Facts , New York, NY: Portfolio/Penguin, 2018. For example, when the Australian research body Commonwealth Scientific and Industrial Research Organisation (CSIRO), which owned a core patent on the wireless internet protocol, sought royalties from major companies, it was initially rebuffed. The CSIRO bet that it could go to court to protect its intellectual property because it estimated that it needed only 10 percent odds of success for this to be a good wager, given the legal costs and likely payoff. It improved its odds by picking the weakest of the IP violators and selecting a legal jurisdiction that favored plaintiffs. This probabilistic thinking paid off and eventually led to settlements to CSIRO exceeding $500 million. 5 CSIRO briefing to US Government, December 5, 2006. A tolerance for ambiguity and a willingness to play the odds helped the organization feel its way to a good solution path.

To embrace imperfectionism with epistemic humility, start by challenging solutions that imply certainty. You can do that in the nicest way by asking questions such as “What would we have to believe for this to be true?” This brings to the surface implicit assumptions about probabilities and makes it easier to assess alternatives. When uncertainty is high, see if you can make small moves or acquire information at a reasonable cost to edge out into a solution set. Perfect knowledge is in short supply, particularly for complex business and societal problems. Embracing imperfection can lead to more effective problem solving. It’s practically a must in situations of high uncertainty, such as the beginning of a problem-solving process or during an emergency.

Good problem solving typically involves designing experiments to reduce key uncertainties. Each move provides additional information and builds capabilities.

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3. take a dragonfly-eye view.

Dragonfly-eye perception is common to great problem solvers. Dragonflies have large, compound eyes, with thousands of lenses and photoreceptors sensitive to different wavelengths of light. Although we don’t know exactly how their insect brains process all this visual information, by analogy they see multiple perspectives not available to humans. The idea of a dragonfly eye taking in 360 degrees of perception 6 Philip Tetlock and Dan Gardner, Superforecasting: The Art and Science of Prediction , New York, NY: Crown, 2015. is an attribute of “superforecasters”—people, often without domain expertise, who are the best at forecasting events.

Think of this as widening the aperture on a problem or viewing it through multiple lenses. The object is to see beyond the familiar tropes into which our pattern-recognizing brains want to assemble perceptions. By widening the aperture, we can identify threats or opportunities beyond the periphery of vision.

Consider the outbreak of HIV in India in the early 1990s—a major public-health threat. Ashok Alexander, director of the Bill & Melinda Gates Foundation’s India Aids Initiative, provided a brilliant example of not just vision but also dragonfly vision. Facing a complex social map with a rapidly increasing infection rate, he widened the problem’s definition, from a traditional epidemiological HIV transmission model at known “hot spots,” to one in which sex workers facing violence were made the centerpiece.

This approach led to the “Avahan solution,” which addressed a broader set of leverage points by including the sociocultural context of sex work. The solution was rolled out to more than 600 communities and eventually credited with preventing 600,000 infections. The narrow medical perspective was sensible and expected, but it didn’t tap into the related issue of violence against sex workers, which yielded a richer solution set. Often, a secret unlocks itself only when one looks at a problem from multiple perspectives, including some that initially seem orthogonal.

The secret to developing a dragonfly-eye view is to “anchor outside” rather than inside when faced with problems of uncertainty and opportunity. Take the broader ecosystem as a starting point. That will encourage you to talk with customers, suppliers, or, better yet, players in a different but related industry or space. Going through the customer journey with design-thinking in mind is another powerful way to get a 360-degree view of a problem. But take note: when decision makers face highly constrained time frames or resources, they may have to narrow the aperture and deliver a tight, conventional answer.

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4. pursue occurrent behavior.

Occurrent behavior is what actually happens in a time and place, not what was potential or predicted behavior. Complex problems don’t give up their secrets easily. But that shouldn’t deter problem solvers from exploring whether evidence on the facets of a solution can be observed, or running experiments to test hypotheses. You can think of this approach as creating data rather than just looking for what has been collected already. It’s critical for new market entry—or new market creation. It also comes in handy should you find that crunching old data is leading to stale solutions.

Most of the problem-solving teams we are involved with have twin dilemmas of uncertainty and complexity, at times combined as truly “wicked problems.” 7 A term coined in a now famous 1973 article: Horst W. J. Rittel and Melvin Webber, “Dilemmas in a general theory of planning,” Policy Sciences , 1973, Number 4, pp. 155–69. For companies ambitious to win in the great unknown in an emerging segment—such as electric cars or autonomous vehicles, where the market isn’t fully established—good problem solving typically involves designing experiments to reduce key uncertainties, not just relying on existing data. Each move (such as buying IP or acquiring a component supplier) and each experiment (including on-road closed tests) not only provides additional information to make decisions but also builds capabilities and assets that support further steps. Over time, their experiments, including alliances and acquisitions, come to resemble staircases that lead to either the goal or to abandonment of the goal. Problem-solving organizations can “bootstrap” themselves into highly uncertain new spaces, building information, foundational assets, and confidence as they take steps forward.

Risk-embracing problem solvers find a solution path by constantly experimenting. Statisticians use the abbreviation EVPI—the expected value of perfect information—to show the value of gaining additional information that typically comes from samples and experiments, such as responses to price changes in particular markets. A/B testing is a powerful tool for experimenting with prices, promotions, and other features and is particularly useful for digital marketplaces and consumer goods. Online marketplaces make A/B testing easy. Yet most conventional markets also offer opportunities to mimic the market’s segmentation and use it to test different approaches.

The mindset required to be a restless experimenter is consistent with the notion in start-ups of “failing fast.” It means that you get product and customer affirmation or rejection quickly through beta tests and trial offerings. Don’t take a lack of external data as an impediment—it may actually be a gift, since purchasable data is almost always from a conventional way of meeting needs, and is available to your competitors too. Your own experiments allow you to generate your own data; this gives you insights that others don’t have. If it is difficult (or unethical) to experiment, look for the “natural experiments” provided by different policies in similar locations. An example would be to compare outcomes in twin cities, such as Minneapolis–St. Paul.

It’s a mistake to think that your team has the smartest people in the room. They aren’t there. They’re invariably somewhere else. Nor do they need to be there if you can access their intelligence via other means.

5. Tap into collective intelligence and the wisdom of the crowd

Chris Bradley, a coauthor of Strategy Beyond the Hockey Stick , 8 Chris Bradley, Marin Hirt, and Sven Smit, Strategy Beyond the Hockey Stick: People, Probabilities, and Big Moves to Beat the Odds , Hoboken, NJ: Wiley, 2018. observed that “it’s a mistake to think that on your team you have the smartest people in the room. They aren’t there. They’re invariably somewhere else.” 9 For more from Chris Bradley, in a conversation with Rob McLean, see “ Want better strategies? Become a bulletproof problem solver ,” August 2019. Nor do they need to be there if you can access their intelligence via other means. In an ever-changing world where conditions can evolve unpredictably, crowdsourcing invites the smartest people in the world to work with you. For example, in seeking a machine-learning algorithm to identify fish catch species and quantities on fishing boats, the Nature Conservancy (TNC) turned to Kaggle and offered a $150,000 prize for the best algorithm. This offer attracted 2,293 teams from all over the world. TNC now uses the winning algorithm to identify fish types and sizes caught on fishing boats in Asia to protect endangered Pacific tuna and other species.

Crowdsourced problem solving is familiar in another guise: benchmarking. When Sir Rod Carnegie was CEO of Conzinc Riotinto Australia (CRA), he was concerned about the costs of unscheduled downtime with heavy trucks, particularly those requiring tire changes. He asked his management team who was best in the world at changing tires; their answer was Formula One, the auto racing competition. A team traveled to the United Kingdom to learn best practice for tire changes in racetrack pits and then implemented what it learned thousands of miles away, in the Pilbara region of Western Australia. The smartest team for this problem wasn’t in the mining industry at all.

Of course, while crowdsourcing can be useful when conventional thinking yields solutions that are too expensive or incomplete for the challenge at hand, it has its limitations. Good crowdsourcing takes time to set up, can be expensive, and may signal to your competitors what you are up to. Beware of hidden costs, such as inadvertently divulging information and having to sieve through huge volumes of irrelevant, inferior suggestions to find the rare gem of a solution.

Accept that it’s OK to draw on diverse experiences and expertise other than your own. Start with brainstorming sessions that engage people from outside your team. Try broader crowdsourcing competitions to generate ideas. Or bring in deep-learning talent to see what insights exist in your data that conventional approaches haven’t brought to light. The broader the circles of information you access, the more likely it is that your solutions will be novel and creative.

Rookie problem solvers show you their analytic process and math to convince you they are clever. Seasoned problem solvers show you differently.

6. Show and tell to drive action

We started our list of mindsets with a reference to children, and we return to children now, with “show and tell.” As you no doubt remember—back when you were more curious!—show and tell is an elementary-school activity. It’s not usually associated with problem solving, but it probably piqued your interest. In fact, this approach is critical to problem solving. Show and tell is how you connect your audience with the problem and then use combinations of logic and persuasion to get action.

The show-and-tell mindset aims to bring decision makers into a problem-solving domain you have created. A team from the Nature Conservancy, for instance, was presenting a proposal asking a philanthropic foundation to support the restoration of oyster reefs. Before the presentation, the team brought 17 plastic buckets of water into the boardroom and placed them around the perimeter. When the foundation’s staff members entered the room, they immediately wanted to know what the buckets were for. The team explained that oyster-reef restoration massively improves water quality because each oyster filters 17 buckets of water per day. Fish stocks improve, and oysters can also be harvested to help make the economics work. The decision makers were brought into the problem-solving domain through show and tell. They approved the funding requested and loved the physical dimension of the problem they were part of solving.

Rookie problem solvers show you their analytic process and mathematics to convince you that they are clever. That’s sometimes called APK, the anxious parade of knowledge. But seasoned problem solvers show you differently. The most elegant problem solving is that which makes the solution obvious. The late economist Herb Simon put it this way: “Solving a problem simply means representing it so as to make the solution transparent.” 10 Herbert Simon, The Sciences of the Artificial , Cambridge, MA: MIT Press, 1969.

To get better at show and tell, start by being clear about the action that should flow from your problem solving and findings: the governing idea for change. Then find a way to present your logic visually so that the path to answers can be debated and embraced. Present the argument emotionally as well as logically, and show why the preferred action offers an attractive balance between risks and rewards. But don’t stop there. Spell out the risks of inaction, which often have a higher cost than imperfect actions have.

The mindsets of great problem solvers are just as important as the methods they employ. A mindset that encourages curiosity, embraces imperfection, rewards a dragonfly-eye view of the problem, creates new data from experiments and collective intelligence, and drives action through compelling show-and-tell storytelling creates radical new possibilities under high levels of unpredictability. Of course, these approaches can be helpful in a broad range of circumstances, but in times of massive uncertainty, they are essential.

Charles Conn is an alumnus of McKinsey’s Sydney office and is a board member of Patagonia and former CEO of the Rhodes Trust. Robert McLean is an alumnus of the Sydney office and is the advisory-board chair of the Nature Conservancy Australia. They are the authors of Bulletproof Problem Solving: The One Skill That Changes Everything (Wiley, 2018).

This article was edited by David Schwartz, an executive editor in the Tel Aviv office.

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12 biz development strategies to help teams discover new ideas.

Forbes Business Development Council

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In a world where consumer and marketplace needs are constantly changing, there's no guarantee that what is trending today may not be long gone tomorrow. If you are a business development professional, knowing where to invest your company's time and money next is a big deal if you are trying to create long-lasting partnerships and innovations that could change your company's future for the better.

To help leaders and teams strategize creatively throughout the brainstorming process, experts from Forbes Business Development Council each share one method for coming up with good biz development ideas that will have potential success in the marketplace.

1. Keep A Balanced Focus On Your Audience's Short- And Long-Term Needs

Think about your audience. What do they need today, and how will that evolve in the future? Is your business development strategy aligned with this? Often, business development is focused on short-term thinking for today's win. But it’s important to play the long game, too, so your business will continue to thrive in the future by evolving your product and service offerings to meet those upcoming needs. - Daniella Foster , Bayer

2. Take A Wide-Lens View Of The Market To Get Different Perspectives

It's important to keep a wide lens on the market, while at the same time diving deep with customers, prospects, industry analysts and influencers. If you can ask questions of a lot of different people with a different angle on the same (big enough) topic, that is when the opportunity presents itself. - Kristin Naragon , Akeneo

3. Think Outside The Box To Serve Your Customers

Go beyond the traditional approaches of who to target by understanding what motivates your customers and their "why." By digging deeper to uncover these key motivators for each consumer, you can craft more effective strategies and messaging that may propel your results while driving stronger connections and loyalty with your customers over time. - Michael Della Penna , InMarket

Best High-Yield Savings Accounts Of 2024

Best 5% interest savings accounts of 2024, 4. concentrate on developing partnerships and exchanging referrals.

Try everything. Use your strategic partners and mentors as soundboards. There are no bad ideas when it comes to biz dev. The old ways of cold B2B email and LinkedIn messages are long gone. We're in the partnerships and referrals era more squarely than ever. Network, listen and try your ideas out. - Jacob Dearstyne , OPTIZMO

5. Engage With Peers Working In Other Industries

Combine classic mind maps with user interviews for customer insights. Network with peers who are inside and outside of your industry. Their experiences can spark unexpected solutions and reveal hidden market opportunities. Engaging with peers outside of your industry is a great way to force yourself to think outside the box. - Ashleigh Stanford , PracticeTek

Forbes Business Development Council is an invitation-only community for sales and biz dev executives. Do I qualify?

6. Create A New Solution In An Unmet Market

One way is to identify an unmet market requirement and create a differentiated solution that addresses the need. This can create a new market or disrupt an existing market. A deeper understanding of the industry or market, customer insights, critical thinking and ideation, market validation and testing, and incorporating market response is essential for a successful new business development idea. - Salice Thomas , Wipro Limited

7. Conduct Design Thinking Workshops

Good biz dev ideas often come from the end users, customers and the market. Identify gaps in the existing offerings and build capabilities through partnerships that close those gaps. One way to do this is to conduct design thinking workshops to identify early prototypes and pilots and quickly find product-market fit. Once you identify value creation in the process, you are bound to find success. - Archana Rao , Innova Solutions

8. Add Value With Content, Insight And Perspective

Good business development begins with a customer-centric mindset. One best practice is to get creative on how you can become a value-added interruption in the mind of your ideal customer. Focus on them, their needs and their wants. Add value with content, insight and perspective. No one cares to learn about your products and services until they deem them relevant. - Julie Thomas , ValueSelling Associates

9. Research What's Trending Through Open Source Intelligence

Utilizing open source intelligence. When we want ideas for personal projects, we go online to see the trends and get our creative juices flowing. Businesses can do the same but on a much larger scale and methodically. Automated data collection from publicly available sources will give a comprehensive market outlook and improve business development decisions. - Tomas Montvilas , Oxylabs

10. Be An Active Listener To Analyze Customer Feedback Correctly

One effective way to generate successful business development ideas is to focus on the voice of the customer (VoC). This involves actively listening to and analyzing customer feedback to understand their needs and preferences. - Richard Lindhorn , VivoAquatics Inc.

11. Demonstrate What You Can Do To Build Trust

If you research and understand your customers' pain points, valuable opportunities will follow. This is because you're showing leadership in the market, not just offering a service. It’s a win-win scenario because your customers get a solution and you get the business. But you must be proactive. Showing how you can lighten the load, streamline processes and save time and effort for your customers will foster trust. - Anna Jankowska , RTB House

12. Gather Insights Through Surveys And User Testing

One effective way to generate successful business development ideas is to engage directly with customers to understand their needs and challenges. Leaders can facilitate this by promoting a culture of customer interaction and encouraging teams to gather insights through surveys, user testing and direct engagement to tailor solutions that meet specific market needs. - Dr. Saju Skaria , Digitech Services

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