What's the best way to define the problem statement for your new product idea?
You have a brilliant idea for a new product that you think will solve a real problem for your target customers. But before you jump into building it, you need to define the problem statement clearly and concisely. A problem statement is a brief summary of the current situation, the gap or pain point, and the desired outcome or benefit of your product. It helps you focus on the user's needs, validate your assumptions, and communicate your value proposition. In this article, you will learn the best way to define the problem statement for your new product idea using four simple steps.