Financial Literacy Club
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Entrepreneurship · Lesson 1
Finding Problems Worth Solving
Part A. Guided notes
Fill in each blank using the word bank.
Word bank: clues · people · problem · reachable
- Start with a , not a product.
- Frequent, painful, already patched, .
- Workarounds are proof care.
- Complaints are .
Part B. Check your understanding
Circle the best answer.
1. Which is a problem rather than an idea?
- A. "I want to start a clothing brand."
- B. "Students waste 20 minutes every lunch waiting in line."
- C. "Apps are a good business."
- D. "I should make something with AI."
You find that people already use awkward workarounds for a problem, like spreadsheets or asking friends.
2. What does that suggest?
- A. The problem is solved, so move on.
- B. People care enough to put in effort — a sign the problem is real.
- C. Nobody would ever pay for a solution.
- D. You should copy the spreadsheet.
3. A problem that happens once every few years is usually a stronger business opportunity than one that happens weekly.
True/False
Part C. Apply it
Show your work.
1. Rewrite the idea “an app for students” as a specific problem statement.
2. Which test does this fail: “People who own left-handed pogo sticks can't find repair shops”?
Part D. Think about it
Answer in complete sentences.
1. What's a problem you or your friends deal with every week?
2. Why do you think so many people start with an idea instead of a problem?
Exit ticket
Name
Why is a workaround a good sign when you're looking for a problem to solve?