Money school
Stage 01 of 12Foundation · 60–90 min

Find a problem people already pay to solve

The business starts with a wound, not an idea.

The pain this fixes

You are building something you find interesting, then wondering why nobody buys. Or you keep asking “what can I sell?” and getting generic answers.

What you leave with

A one-page problem brief: one specific person, one expensive problem, what they do today, and the evidence they already spend money on it.

A business is a paid solution to a painful problem

An idea is not a business. A business exists when a specific person has a problem they consider expensive, urgent or embarrassing enough to pay someone else to solve. The stronger the pain, the less you have to convince them.

A problem is usually expensive in one of four ways: it costs money, it costs time, it creates risk, or it makes the person feel incompetent in front of others. Problems that are only mildly annoying get a “sounds interesting” and no payment.

  • Urgent: it is costing them now, not someday.
  • Expensive: the cost of doing nothing is visible in money, time or risk.
  • Repeated: it happens weekly or monthly, not once every three years.
  • Already paid for: they use a tool, freelancer, agency, DIY workaround or employee to handle it.

Mine transactions, not imagination

The best problems are already being discussed in public by people who are trying to solve them. Read where money changes hands and where people complain after paying.

  • One- and two-star reviews of paid products: what did the buyer expect that the product failed to deliver?
  • Support queues and communities: what questions keep repeating?
  • Job posts: what task is a company paying a person to do every week?
  • Marketplace requests and comments: “where can I find someone who…”
  • Sales calls and DMs: the exact words a buyer uses before they hesitate.
  • Your own work: what do people already ask you for, even when you are not selling it?

Score the problem before you commit

Write the problem in one sentence and score it from 1 to 5 on each line. Do not fall in love with a score of 14 out of 25; that is a hobby, not yet a business.

  • Urgency — how soon must this be fixed?
  • Frequency — how often does it happen?
  • Ability to pay — does this person or company have a budget?
  • Reachability — can you find and talk to them without a huge ad budget?
  • Existing spend — are they already paying for a partial fix?
  • Total: 18+ is worth testing; under 15, narrow or choose another problem.

Ten conversations, no pitch

Do not ask friends “would you buy this?” They will be kind, and kindness is not evidence. Ask people who have the problem about the last time it happened. Your job is to collect facts and exact language, not to defend your idea.

  • “Tell me about the last time this happened. What did you do first?”
  • “What did it cost you — money, time, customers, sleep?”
  • “What have you already tried? What did you pay for?”
  • “Who else is involved in the decision?”
  • “What would need to be true for you to fix this this month?”

Illustrative narrowing

Weak: “I help small businesses with marketing.” No specific person, no specific pain.

Stronger: “I help independent physiotherapy clinics that lose revenue to no-shows and last-minute cancellations.” The buyer is findable, the pain is measurable, and the clinic already spends money on booking software and staff time.

The goal is not a perfect sentence. It is a sentence specific enough that the right person says: “That is exactly my week.”

Use these words

Problem interview opener

Hi [name] — I’m researching how [specific role] handle [specific situation]. I’m not selling anything. Could I ask you five minutes about the last time it happened and what you did?

The cost question

When this happens, what does it actually cost you? I mean money, hours, missed customers or stress — whichever is the real cost. I’m trying to understand whether this is a real budget problem or just an annoyance.

Checklist

  • One specific buyer, not “everyone”.
  • The problem stated in the buyer’s words, not yours.
  • Evidence of existing spend (tool, person, agency, workaround).
  • A rough cost of the problem per month.
  • Three quotes from real conversations, with permission to use anonymously.

Mistakes that cost money

  • Starting with a product and hunting for a problem to justify it.
  • Choosing a market because it is large, not because you can reach it.
  • Asking hypothetical “would you buy” questions instead of asking about past behaviour.
  • Confusing praise with demand.
  • Ignoring the buyer’s existing workaround; that is your real competitor.

Numbers to watch

Problem score

urgency + frequency + ability to pay + reachability + existing spend (max 25)

Evidence threshold

at least 3 of 10 interviews describe the same costly problem in similar words

Paid signal

someone already pays for a partial fix; record what and how much

Your deliverable

A one-page problem brief with buyer, pain, current spend, cost of inaction and three real quotes.

Next stage

Build an offer people buy — and validate it before you build

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