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Business Learning Stories

Find the Problem & be the Solution

By
on
March 2, 2019
In 1921, a young engineer named Richard Drew joined 3M, the company formerly-known-as Minnesota Mining and Manufacturing.
After joining 3M, Richard dedicated some time visiting the local auto shops to test various kinds of sandpaper manufactured by 3M. During his visits, he realized one of the problems paint workers were facing at the time was the two-tone paint job. since workers had to cover off parts with newspapers using homemade glue, which generated a lot of rework.
He took it as challenge & started to create his own tape and in around 2 years he found a recipe of glue and glycerin applied to a thin paper that produced a tape that stuck to its surface but still peeled off easily and did not damage the paint.
He invested in and built a machine for mass production. As a result, “Scotch Masking Tape” was invented & it was an instant success and immediately changed the way paint jobs of all sorts were completed.
Learning from the story
1. Every problem has a solution.
2. More frequent the Problem; better prospect of making its solution as successful business. Our income is directly proportional to the quality, quantity & frequency of problems we solve for others.
3. Our job to constantly look for the problems faced in and around us and try to find the solution.
Questions to ask ourselves?
1. What are the problems faced by my customer segment?
2. Are they important to them?
3. Are they repetitive in nature & will they pay me for solving their problems?
If you really want to build a insanely profitable business by solving real problems for your customers repetitively; here’s my personal invitation to our FREE seminar Put your Business On Autopilot
Apart from above, here’s what I commit, you will learn in this Eye Opening Seminar.
1. How to at least DOUBLE your income every year on AUTOPILOT.
2. How to build a VALUABLE business to create the legacy.
3. Transform your business from TRADITIONAL BUSINESS to a NEW AGE BUSINESS MODEL.
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