Activity:

Identify a Problem Worth Solving – II

Instructions:

Form yourselves into a Practice Venture team composed of to 5 members.

Name of Your Practice Venture Team: _______________________________________________________
CEO: ______________________________________
CFO: ______________________________________
COO/CPO: _________________________________
CMO: _____________________________________
CTO: ______________________________________
Foundational Course in Entrepreneurship

For Part 1 of the activity:

1. You will search and observe potential individual, talk or communicate to them using possible
communication platform (google survey form, social media, email, text and call messages, etc), and
identify the top 3 problems that they are facing and that you consider that are problems worth solving
and have a good business potential.
2. Use the questions provided in this handout as cues on how to get this activity going.
3. Discuss within your teams the top 3 problems that you have identified and select any one as the problem
that your practice venture will focus on resolving.

Use the following questions to record your observations:

1. Go out, look around you, and identify a problem that you can spot. Explain the context as well.

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -

2. What opportunity can you perceive from the above problem?

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- - - - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- -

3. Who is the Customer?

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- ------ -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -

Opportunity Discovery
© Wadhwani Foundation Page 1 of
www.nen.org 4 For Students’
Use
 Activity:
Identify a Problem Worth Solving – II

4. What according to the customer are the main problems?

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - - - -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- - -- -- -- - -
-- --
Foundational Course in Entrepreneurship

5. What is the job to be done?

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -

6. What job is currently getting done?

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- ----- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- - -- - -- -- -- - -- -- -- -- - -- -- -- - -
-

7. How is the customer getting the job done today OR how is the customer addressing this problem today?
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- --

8. Estimate the market size. Your assumption will do.

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -

9. Does this seem to be a problem worth solving? Explain.

---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - --
---- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -- -- -- -- - -- -- -- - -

Opportunity Discovery
© Wadhwani Foundation Page 2 of
www.nen.org 4 For Students’
Use
 Activity:
Identify a Problem Worth Solving – II

SAMPLE QUESTIONNAIRE

Given below is a similar questionnaire based on Identify a Problem worth Solving. You are advised to go
through it to get more clarity.

Backdrop: Jason has a fascination for buses and plans to launch his fleet of city buses. To do a market study, he
hops on to some city buses which are currently running.

1. Search and interview people, and identify a problem that you can spot. Explain the context as well.
Foundational Course in Entrepreneurship

To understand how the bus transport was working in his city, what were they offering, and what were
the problems faced by the commuters despite these services, Jason hopped on to some city buses which
were currently operating. He observed a common trend across all the buses that he hopped on to. He
found that though each bus offered at least 10 percent of the total seats exclusively to the elderly as
reserved, these seats often went unoccupied. In fact, there were very few senior citizens who availed the
bus service. Instead, they chose to stay indoors at the cost of socializing. As a potential bus owner, this
was bad news for Jason as any unoccupied seat translated to revenue loss.

Problem Identified - Most of the reserved seats for senior citizens went unoccupied across city buses.

2. What is the opportunity that you perceive from the above problem?

If the senior citizens could be made to avail the city buses, the seats reserved for them would not go
unoccupied. It would also result in greater revenue for the service provider.

3. Who is the customer?

Senior citizens.

4. What according to the customer are the main problems?

The customer in this case, senior citizens, find it difficult to board the city buses as they have to lift their
legs to board these buses since they have raised pedestals.

5. Identify the Job to be done here.

The senior citizens do not avail buses because they find it difficult to climb on to the bus pedestals which
are mostly elevated. Therefore, they should be given options where they could either socialize within their
neighborhoods without needing any transportation service or they should be provided with options
where they can enter the buses without needing to climb on to the bus pedestal.

6. By offering reserved seats to the senior citizens, what job was currently getting done?

Opportunity Discovery
© Wadhwani Foundation Page 3 of
www.nen.org 4 For Students’
Use
 Activity:
Identify a Problem Worth Solving – II

Once the senior citizens board a city bus, they have seats reserved for them so that they can be
comfortably seated without worrying about the availability of a seat. Senior citizens also need not bank
upon other commuters’ graciousness to offer their seats.

7. What do they do now to meet the challenges currently faced?

Most of the senior citizens choose to stay indoors rather than take the pain of going out, walking up to
the bus stop, and then boarding a bus to meet old friends. At times when they can, they do take cab
rides. However, with the advent of technology, they find it challenging even to summon a cab through
Foundational Course in Entrepreneurship

the apps and have to mostly depend on their family members to summon cabs for them. As a result, the
easiest option they find is to stay indoors.

8. What is the market size?

The senior citizens comprise 30 percent of the city’s population. So, by solving the problem identified,
Jason can increase the revenue earned from the buses by 30 percent.

9. Does this seem to be a problem worth solving? Explain.

Yes, if the senior citizens find it convenient to board and travel by bus and start availing the service
regularly, the buses can earn 30 percent more revenue. Therefore, this is a problem worth solving from a
venture perspective.

From a social perspective too, addressing the bus boarding problem for senior citizens is worth
solving. The senior citizens will be able to avail the bus service and not be dependent only on cabs for
their transport which takes a toll on their wallets.

Opportunity Discovery
© Wadhwani Foundation Page 4 of
www.nen.org 4 For Students’
Use