Wisdom Key 114 Explained



Wisdom Key 114: Business Is Simply Solving A Problem For An Agreed Reward.

Explanation: This wisdom key distills the essence of business into a simple principle: the identification of a problem and the provision of a solution in exchange for compensation. Every business exists because it addresses a need or solves a challenge for its customers, whether it’s providing a product or offering a service. The agreed reward—often monetary—is a fair exchange for the value delivered. Understanding this principle helps entrepreneurs focus on the core purpose of their ventures: identifying problems, offering effective solutions, and ensuring mutual satisfaction between the provider and the recipient. This perspective fosters clarity, purpose, and success in any business endeavor.


** This Wisdom key is by Dr. Mike Murdock, derived from his book 1001 Wisdom Keys of Mike Murdock ** 

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