How to Solve Real Problems and Build Winning Products | David Hirschfeld

In this conversation, David Hirschfeld shares insights on innovation, problem-solving, and the importance of identifying the right problems to solve in the startup ecosystem. He emphasizes the need for founders to validate their ideas before building products, using a structured approach to understand their target market and the gaps. Through real-life examples, he illustrates the significance of understanding industry-specific challenges and leveraging technology, particularly AI, to create impactful solutions. David Hirschfeld is the Founder and CEO of Tekyz Corp, a company specializing in software development and technology solutions. Tekyz Corp focuses on creating custom software applications, leveraging innovative technologies to provide solutions for various industries. Support This Podcast Amazon - buy things that Vit Lyoshin recommends * https://www.amazon.com/shop/anhourofinnovationwithvitlyoshin Webflow - Create custom, responsive websites without coding * https://try.webflow.com/0lse98neclhe MeetGeek - Record, transcribe, summarize, and share insights from every meeting * https://get.meetgeek.ai/yjteozr4m6ln Monkey Digital - Unbeatable SEO. Outrank your competitors * https://www.monkeydigital.org?ref=102449 Takeaways * Focus on solving real problems that are top of mind. * Understanding the financial impact of a problem is crucial. * Validate your idea before building a product. * Use prototypes to demonstrate potential solutions. * Identify your early adopter niche for better success rates. * AI and workflow automation are hot trends in innovation. * Market gaps can be identified through industry experience. * Prelaunch sales can validate product viability. * Future-proofing products require an understanding of industry trends. * Learning from past experiences is key to coaching others. * There is still time for businesses to adapt to AI. * Measuring impact is crucial for validating ideas. * Innovation centers can foster a culture of creativity. * AI tools can significantly speed up product development. * Conversational AI can enhance analysis and discovery. * Video content creation is a growing trend in AI. * Workflow automation tools are revolutionizing marketing. * Staying innovative requires a child-like curiosity. * Keeping a list of gaps can help identify opportunities. Timestamps 00:00 Intro 02:09 Figuring out the real problems 04:48 Validating ideas before building products 07:19 Example where focusing on the right problem led to big success 12:05 Current trends in innovation and AI 14:21 Process for spotting gaps in the market 23:55 Solving today’s problems with planning for future market needs 27:00 The Adoption Curve of AI in Business 30:29 How to encourage the culture of innovation 34:05 AI as a Development Tool 41:49 Trends in AI for Startups 47:29 Staying Innovative in a Rapidly Changing World Connect with David * Website: https://tekyz.com/ * LinkedIn: https://www.linkedin.com/in/dhirschfeld/ * X: https://x.com/tekyzinc * Instagram: https://www.instagram.com/tekyzinc * Facebook: https://www.facebook.com/dmhirschfeld * Other: https://sites.google.com/tekyz.com/david-hirschfeld/bio Podcast Links * https://linktr.ee/anhourofinnovation Connect with Vit * Website: https://vitlyoshin.com/contact/ * LinkedIn: https://www.linkedin.com/in/vit-lyoshin/