What business problem are you looking to solve?

Here are a few examples:

• Difficulty In Building A Customer Base.
• Failure To Hire The Right People.
• A Lack Of Value In The Product Or Service.
• An Unclear Identity For Your Brand.
• Uncertainty About The Future.

Problem statements are important to businesses, individuals, and other entities. That’s because they are great when trying to develop projects focused on improvement. Problem statements are also important for these reasons:

• First, it allows you to identify and explain the problem in a concise but detailed way. This gives the reader a comprehensive view of what's going on. You can identify who the problem impacts, what the impacts are, where the problem occurs, and why and when it needs to be fixed.
• The second is to clarify what the expected outcomes are. When you establish what the desired situation looks like, it helps give an overarching idea about the entire project. The proposed solution, scope, and goals of the solution are all made clear through the problem statement.
• Third, the problem statement acts as a guide. It helps you navigate your business and can help your team remain focused and on track. You'll find that you'll come back to your problem statement from time to time to ensure the solution has been implemented and that it does indeed solve the initial problem.

A great problem statement will help to ensure that all objectives of your business are being met.

Your business is moving along, delivering on its product or service, when its wheels seemingly get stuck on the tracks. Perhaps it’s an employee issue or trouble with delivering your product to customers. Whatever the business problem may be, it has a ripple effect on the rest of your business. 

Common Small Business Problems. 

• Recruitment, Retention of Employees, and Labor Quality.
• Changing Operations in Response to the Market Conditions.
• Lack of Capital/Cash Flow.
• Administration.
• Time Management.
• Marketing and Advertising.
• Managing and Providing Benefits.