Part 8/11:
To effectively generate wealth, your solution must not only be viable but also scalable. For instance, starting a restaurant offers limited scalability compared to establishing a software solution which, once developed, can serve limitless customers without incurring additional production costs. Identifying avenues for automation and outsourcing further enhances scalability, allowing businesses to flourish beyond the constraints of time and manual labor.
The Path Forward
As you develop your problem-solving mind-set, consider the following steps:
- Identify Problems: Listen to those around you. What are the persistent pain points in their lives? What solutions do they wish existed?