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learn more about:

company overview

  1. Nature of the problem

    • Description of the problem

    • Causes and root causes of the problem

    • Quotes or anecdotes from people facing the problem

      • ​Describing severity of the problem and why it is hard to escape the problem

  2. Size of the problem​

    • Severity of the problem

    • Size of total population facing the problem

    • Size of sub-populations facing the problem

    • Which sub-populations are initial target customers, secondary target customers, tertiary target customers…

  3. Growth of the problem​

    • Past

    • Projected

    • How the nature of the problem is changing

  4. Market and Competitive Analysis​

    • How key sub-populations with the problem differ, e.g., location, income, nature of the problem, size…

    • How the key sub-populations currently deal with the problem

      • How the key sub-populations currently deal with the problem

      • Competitors, practices, government, charity

      • Describe how this has changed in the recent past or might change in the future

    • Advantages/disadvantages of current ways of dealing with the problem

    • Price/cost of current ways of dealing with the problem

    • Market share of current ways of dealing with the problem

    • Market power of current ways of dealing with the problem

      • ​Are there barriers to entry, monopolistic practices, legal/regulatory constraints, or other factors that make it difficult to compete with current ways of dealing with the problem

Your Objective/Problem statement should include: 

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