Tag Archives: problems

Who do you hire when you aren't even sure of the problem?

June 17th, 2009


Seth wrote a post a couple of weeks back suggesting what graduates can do if they can’t get into the workplace.  You can read it here.  Essentially he is saying have some fun, learn something new and be interesting.  Jobs will follow.

I couldn’t agree more.

In an evolving business you strike problems or challenges that you cannot even quite describe – let alone find a solution.  What do you do? You can’t place an ad or ask your friends.  You talk to local leaders in that niche.

Have a Twitter problem? You talk to that person whom you see as a thought leader on Twitter.

If you are one of these graduates doing something interesting that’s how you get these jobs.  And at the moment this is a huge market – the market of ill defined problems.

So as critical as people have been on Seth, he couldn’t be more than right, the problems are evolving and so are who we are hiring.

Hidden Inefficiencies

November 16th, 2008

Google is a multi billion dollar company by wrapping up two inefficiencies, search and advertising.

They shifted the market from an inefficient state to a much more efficient one.

Others would be Youtube, Ebay, iTunes.

First step is to identify ‘hidden inefficiencies’, in that they exist, yet a solution hasn’t been made yet.

Then to build a business around solving it.

We all hear about ideas that are so simple but the opportunity was missed as we aren’t involved in that niche industry.

So my idea is for a business to simply spend all its time aggregating these inefficiencies and present them to entrepreneurs to solve, thus taking the information market for these from inefficient to efficient.

Imagine though, being able to have access to 1000 industry wide problems in 1000 totally different industries.

I wonder how much overlay there are between them, so you could solve many issues at once.  

(and think about how much it would improve each of these industries)

Now that would be awesome! Don’t you think?

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