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  1. Every business owner at one point has to write a problem statement for their business. By definition, a problem statement is a clear description of a certain issue that needs to be addressed. In the context of business, it can refer to a description of those issues that may hinder achieving business objectives. So, how can you go about writing the best problem statement for your startup business? Acquaint Yourself with the Components of a Problem Statement Components of a problem statement include: The problem. Give a clear description of the problem. Briefly o