Yesterday, when I was looking for a way to explain to my client what I meant about solving a need that customers have, my wife’s frustration with passenger seatbelts dawned on me. Why is it that the driver’s seatbelt gives freedom of movement whereas the passenger seatbelts are restrictive, confining, and uncomfortable? It’s no wonder we need laws to make people wear them. This is an example of finding a need to something that isn’t working well.
Alex Mandossian in one of his podcasts made the point well that the money is made by innovators, not the inventors. Innovators take an existing concept and tweak it so that the public will want it more than the original. I think a good example of this is Starbucks. They certainly did not invent the idea of coffee shops. →Continue reading