Published: May 22, 2007

How Can I Dollarize This Problem?

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The best entrepreneurs are always aware of what is going on around them. Everyday, people, businesses, and government entities are confronted with problems of every description that are begging for solutions. These problems may be medical, social, economic, environmental, or of any other type. The sharpest entrepreneurs ask themselves: "How can I dollarize this?" They identify the problem, study it, consider possible remedies - and they dollarize. People, companies, and government entities spend money to make problems go away. In business, there are no problems, there are just expenses.

The best entrepreneurs come up with solutions because solving problems is what entrepreneurs do. They ask themselves how they can provide products or services that people, companies, or the government can purchase to make their problems go away. And then they ask themselves how they can present their solution so that those who need them will jump at the opportunity to buy.

So, as you are working hard every day to build your company, or as you're building your career, find a solution to a problem that makes it go away, and you'll find yourself at the top of the entrepreneurial food chain.

About Joel G. Block

Often dubbed a "Growth Architect" by his clients, Joel Block advises companies on explosive growth strategies by driving revenue and sales. Well known in the capital markets, Joel is a successful entrepreneur, speaker and advisor. To bring Joel into your company, please visit www.joelblock.com or www.growth-logic.com.