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FFF | Step 2: Finding weakness
How to use your creative lens
Welcome back to The Business Kingmaker Newsletter, today we'll continue the next step of the Fast Fusion Framework.
Find it's weakness (that has a market): Firstly, we'll focus on one weakness, we don't want to complicate things cause complications demand more resources.
But Praise, what if there's no weakness?
There's always a weakness, you just have to find it, if you say there's no weakness, it means mankind has stopped evolving in that system (because there's nothing to evolve), and that's just not possible.
Every system from humans has flaws if you put the right lens to it.
But Praise, if there's a weakness, why doesn't the owner of the system fix it their self?
Yes, they can, if they have the right 'lens'. One person cannot see everything, know everything and do everything (even if they have employees). Because knowledge is created by creative people, and you can't have all of that knowledge that took their livespan to create, unless you're immortal.
Humans are limited, and complicated systems will have flaws and even controversial ones sometimes, what you need is your creative lens.
You can create a variation of something and it'll still be valuable and different once you apply creativity.
That's why there are different computer Operating Systems, one is best for a particular market, same thing with diapers, toothpaste, clothing etc.
Just find the weakness, and make sure there's a market of people that it actually hurts. You don't want to create value that nobody wants, you need to be sure people actually have the pain before creating the aspirin.
How to find a weakness that has a market?:
I'm not going to give you a quick-fix step-by-step action-plan formula here, if I do, I'll just be limiting your creativity and anybody can follow the quick-fix and come up with the same things and probably fix it because the lens wouldn't be using any specific personal creativity that's irreplaceable.
Creativity and a unique perspective play a significant role in identifying weaknesses and developing innovative solutions. While having a structured process can be helpful, it's ultimately your creativity, critical thinking, and ability to see things from different angles that lead to truly impactful creations.
A step-by-step action plan can provide guidance and direction, but it's important to think outside the box, challenge assumptions, and explore unconventional ideas. This allows for the discovery of unique weaknesses and the development of creative solutions that stand out in the market.
Moreover, embracing the iterative nature of problem-solving ensures that you continuously refine your ideas based on feedback and new insights, leading to more authentic and effective improvements over time.
It shouldn't be hard to spot if you usually exercise your creativity.
Here are some fundamental steps:
- Actually use the product and find gaps
- Do research on the product, read and analyze it's reviews
- Do research and analyze it's competitors and their differences.
- Look at their strict rules: for example if they have a "you must pay $x for maintenance fee or must have Y ID card" policy, reflect on the fundamental reasons they have it and if you can replicate the system where those fundamental reasons won't exist, voila!
- Do your own thing.
As for my own project, I've spotted an opportunity in buymeacoffee:
- Their payout system is limited and not available in some countries and this limitations affect many potential customers.
- Remember, focus on just one weakness for your opportunity, you'll still be able to build others once you succeed on the fundamental Fast Fusion. Don't complicate it, complications demand more resources.
Next step: Identify a complimentary solution to fix the weakness spotted:
Again, creativity. But here's a basic formula prompt you can plug into chatGPT or something to get some ideas:
"Given the [weakness/problem] in [system]. I'm looking for a complimentary solution or enhancement that I can combine to address this issue and [solution that I want]."
You can copy and plug in your parameters, and also adjust to fit with your context, or better still, come up with the complimentary solutions yourself by googling what's out there.
Example prompt for my project:
Given the weakness/problem of limited country support in buymeacoffee payouts. I'm looking for a complimentary solution or enhancement that I can combine to address this issue to make payments borderless.
And I got stuff like: Global payment processors, Cryptocurrency, P2P payments, manual transfers bla blah blah.
(AI can be limiting so best to do more research yourself)
Next, I pick one of the complimentary solutions I can replicate, in my case, I'll pick cryptocurrency cause after doing some google search, there's a nice almost $0 to setup crypto API I can plug in to handle the payment processing.
Royal tip: You can also start from the solution and find a complimentary weakness if it works for you. This would mean finding the strengths of the easy-to-plug solution and finding a problem you can solve with it. Example: Strengths of crypto include privacy, borderless, secure etc, and it can be used for health services (privacy is an important weakness here) etc.
Awesome. We've learnt how to find complimentary stuff to plug together, get ready for the next step email:
"FFF | Step 3: The One-day MVP"
Enjoy the rest of your day,
Praise J.J.
PS:
Feel free to tell me how it goes, you can share your project if you need more help refining the complementary elements you want to plug in.
If you feel you've past the stage of taking this course and prefer more next level stuff, you can reply "Stop!", So I'll exempt you and send you more next level emails.
I'd also love to hear your feedback on your experience, preferences and thoughts.
Stay creative,
Praise J.J.