Back

Karunakar

1% Better • 9m

"The journey of a thousand miles begins with a single step." – Lao Tzu *What is a Business? A business is simply an activity or organization that provides goods or services to satisfy a need in exchange for money. But it all starts with one critical element: solving a problem or fulfilling a need. Story: Arjun's Lemonade Stand Arjun, a 12-year-old, noticed something on a hot summer day. People in his neighborhood were complaining about the scorching heat, but there were no cold drink stalls nearby. He thought, "What if I sell lemonade to these people? Everyone would love a cold drink, and I could earn some pocket money!" Step 1: Finding a Problem Arjun identified a problem: People were thirsty and hot, and there was no one selling cold drinks nearby. 👉 Lesson: Every business starts by solving a problem or meeting a need. Step 2: Creating a Solution Arjun's solution was simple: make fresh lemonade and sell it at a reasonable price. Step 3: Delivering Value Arjun realized that people would happily pay for his lemonade because it gave them relief from the heat. Step 4: Generating Revenue Arjun priced each glass of lemonade at ₹10. By the end of the day, he sold 50 glasses, earning ₹500! *Key Takeaways A business solves problems or meets needs. It provides value in exchange for money. The first step in starting a business is identifying a gap or opportunity in the market. Get business and basics like this in our Medium blog. https://medium.com/@FoundrBite

3 Replies
4
Replies (3)

More like this

Recommendations from Medial

Inovbiz Studio

Inspire. Innovate. S... • 6m

Business Tips #3 How to Find a Profitable Business Idea💡 ✅ Step 1: Identify a Problem – Successful businesses solve real problems. Look for pain points people face daily. ✅ Step 2: Validate the Demand – Use Google Trends, Reddit, or social media

See More
Reply
1
5

Abhishek Mahto

The Proud India 🇮🇳 • 1y

To shortlist bunch of ideas.. --! Fack Business Before The Real Business Strategy. Step 1) Name the idea Step 2) One line description & problem-statement. Step 3) Create a logo Step 4) Book a domain name Step 5) Create a landing page Step 6)

See More
Reply
5
Image Description
Image Description

Karunakar

1% Better • 9m

Product-Market Fit The Story of Arjun and His Startup Journey Arjun was a young entrepreneur who had a brilliant idea for a fitness app, FitHub, which provided AI-generated personalized workout routines. He spent months building the app, adding feat

See More
3 Replies
2
9
Image Description

Pradumn Yadav

Help Agencies and B2... • 3m

What do you think? Organic Marketing or Cold outreach Which one works more for a new business or startup?

1 Reply
1

Shreyas Hittalahalli

Entrepreneurship • 22d

Want to start a startup in 2025? 🚀 Step 1: Spot a real problem. Step 2: Build a simple solution. Step 3: Test it. If people pay, you scale! Startups aren’t about ideas, they’re about solving problems. 💡

Reply
2
Image Description
Image Description

Parth Joshi

Hey I am on Medial • 8m

I have a new innovative idea about cold spray which were used during summer times

4 Replies
3
Image Description
Image Description

Jay Kumar

What's is madial • 8m

Step-by-step guide to starting a company: Step 2: Create a business plan 1. Create a detailed business plan. 2. Define the mission, vision, and objectives of your business. 3. Create a marketing strategy for your product or service. 4. Create your b

See More
11 Replies
19
13

Dr Harshavardhan Patwal

Periodontist , impla... • 1m

Best book for people entering into nutrigenomics business . A step by step guide . Going to released by end of this month in Amazon and flip kart .

Reply

ADARSH PATNAIK

|| ICFAI Business Sc... • 5m

hello people, Could you please suggest me. How to get into a chocolate business. Because people were bored with current market players.!!

Reply
2

Download the medial app to read full posts, comements and news.