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We start by factoring. And factoring starts with the Greastest Common Facotr (GCF). The GCF here is 7y:
The second factor is a difference of squares so we can use the pattern with "a" being y and "b" being 2:
7y(y+2)(y-2) = 0
From the Zero Product Property we know that this (or any) product can be zero only if one (or more) of the factors is zero. So:
7y = 0 or y+2 = 0 or y-2 = 0
Solving each of these we get:
y = 0 or y = -2 or y = 2
These are the three solutions to your equation.