The Bootstrapped Founder

88: Properties of an Interesting Problem

Jun 11, 2021
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INSIGHT

Problems Are Subjective And Broadly Defined

  • A problem is anything that prevents people from achieving goals, including pains, jobs-to-be-done, or desires for more money or reputation.
  • Arvid defines problems broadly using examples like bookkeepers importing sales where perceived pain varies by person and solution status.
INSIGHT

Painkillers Versus Vitamins Distinguish Demand

  • People only pay for solutions when they feel real pain; painkillers (urgent fixes) differ from vitamins (preventive tools).
  • Arvid contrasts immediate value of painkillers with uncertain long-term returns of vitamins and different buyer audiences.
ADVICE

Choose Main Dish Or Side Dish Strategy

  • Decide if your product will be a main dish (must-have) or a side dish (niche) because each competes differently and attracts different customers.
  • Arvid warns main dishes compete with well-funded players while side dishes can become must-haves within tight niches like ice cream shops.
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