How To Make Money Solving Problems
Making money can be reduced to a simple method: solve a problem. Figuring out an easy, quick, and profitable solution to a ubiquitous result is the basic equation that any business follows. Either being the start to devise a solution, or coming in later on to improve upon information technology — this is how entrepreneurs with uncomplicated ideas turn their concepts into successful companies.
With that in mind, looking for a problem to solve is often a huge hang-upward for would-be entrepreneurs. After all, our modern lives are pretty cushy — almost people don't live in constant fearfulness of being devoured past predators, starving, or really anything else life-threatening. Most of our problems have been taken care of, and with the advent of the Net and mobile technology, nigh anything we want or need is a few taps away.
Then, for those looking to make a fortune, where to plow? How most some of the biggest, near mind-numbing and frightening bug facing the earth today?
Well, potential world-savers, you're in luck. Considering there are a lot of them.
The problem is, some of these issues are so immense and complex, that fifty-fifty the world'southward best and brightest accept yet to come up with solutions for them. That'due south non to say that there aren't thousands of people working hard to find answers — just that they aren't quite at that place yet. And that's where the opportunity lies.
On the next several pages, you'll read about some of the world's biggest bug and what'due south being done to solve them. If an thought were adult to tackle these problems head-on, information technology's clear that it would probably result in a large pay 24-hour interval, or at least in unequivocal fame and respect.
Audio similar something you lot'd exist interested in? Put on your thinking cap, considering these five problems are about equally big and complicated as it gets.
1. Energy storage
Your fourth dimension might be running out on this one, because a lot of money and time is being spent as we speak to solve our free energy storage bug. Essentially, we have no real way of storing energy created by wind and solar power generators. It's why we proceed to rely heavily on fossil fuels — when the sun goes downwardly and the current of air stops blowing, nosotros run out of juice.
If we had the storage technology, it's probable that wind and solar ability would speedily become the dominant form of energy generation.
The good news for the globe is that we're getting there. Tesla has made big strides in developing batteries, and other companies, like Solar City, are putting considerable resource to work too. Every bit soon as the ultimate breakthrough is fabricated, everything is probable to change. But there'due south still time, because we oasis't made it yet. For the person or company that ultimately figures it out, they will undoubtedly go out a lasting marking on the world for generations to come up.
ii. Artificial intelligence
Bogus intelligence is upon united states, simply there are some very, very serious concerns about what that means for humanity. Famous scientists accept been speaking upward for several years nearly AI, and how we need to tread very carefully in implementing it — lest nosotros end up with a Terminator or Matrix-esque future. The point is, artificial intelligence will change everything; information technology'south just a affair of how humanity fits into the equation.
What the globe needs is AI safeguards, or protocols to make sure AIs, or rogue AIs, can be contained. From drones to autonomous robots used for soldiering, there is a lot to exist concerned about. And if some of this technology were to fall into the hands of those who wish to do harm to large amounts of people, things could get very, very ugly. This is something that we're however not properly dealing with yet, though we proceed to build new and advanced AIs at a record step.
3. Infinite exploration/resources capture
There's an atrocious lot of coin literally flying through infinite. The trouble is, we don't have a real manner of reaching it; or capturing it, and bringing it back downwardly to Globe for processing and employ. Asteroids, behemothic hunks of rock that are flying through or suspended in outer space, are loaded with precious metals and other natural resources that are in finite supply here on Earth. If we were to find a way to get to these asteroids, mine them, and bring said resources back, we could effectively limit scarcity issues.
But that'southward the catch — we have to go there, and bring it back. Some companies are working on it, like Planetary Resources. Just we're even so a long style off. Whoever is able to put together an actionable plan and so execute it will be rolling in more infinite cash than they know what to exercise with.
4. Water scarcity
If yous've been paying attention to the news, or alive in the drought-stricken western part of the United States, you're well aware that water scarcity is an ongoing issue. And with global climatic change starting to reshape how and where water levels ebb and menstruum, it's something that we're going to need to discover answers to, and fast. The effects of water scarcity could be huge. Not only will big populations demand to move and resettle virtually fresh, potable water supplies, simply the entire world map every bit we know it could get through a dramatic transformation.
Correct now, there aren't many feasible solutions to the trouble. At that place are ideas, sure, just not much traction as far as implementation. Nosotros may need to wait for some crazy new technology, or do what we can to stave-off climatic change, but water scarcity is likely going to exist a big impediment for world evolution for generations to come up.
5. Food Production
Issues similar h2o scarcity and free energy storage too play into our final big trouble that needs solving: food product. Nosotros may have it good here in America, but there are yet millions upon millions of starving and hungry people in the world. And as the climate changes, and resource become fifty-fifty further strained, growing crops and raising animals for nutrient volition become even more hard — if not impossible.
Luckily, there are some strides beingness made. Indoor, vertical farms are being developed, as is lab-grown meat. While that may sound unappetizing, meat grown in labs is a large deal — considering raising animals takes a huge amount of energy and infinite, and is incredibly destructive, if not completely unsustainable.
What does that hateful for you, intrepid entrepreneur? Opportunities to brand money. Either investing in or developing new and efficient ways to produce nutrient, in mass quantities, indoors using less resources? That's a ticket to the billionaires' club.
Follow Sam on Twitter @SliceOfGinger
Source: https://www.wallstwatchdog.com/money-career/want-to-be-a-billionaire-solve-one-of-these-5-problems/
Posted by: connersallecte.blogspot.com
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