competition.
First, what business are you really in Define your business in terms of how you serve your customers, the improvements or transformations your products bring about in their lives and work.
Corporate thinkers see their businesses as organizations that produce and sell products and services. Entrepreneurial thinkers see their business mission as enhancing and enriching the lives of their customers.
Try to describe your business in terms of the positive change or improvement your products or services make in your customers lives without mentioning your company,
products, or services. This can be areal challenge the first time you try it.
Think Like a CustomerThe corporate type says, I sell cars.”
The
entrepreneur says, I enable people to drive wherever they want in comfort and safety.”
You will know when you are describing your product or service in terms of the job that it does for your customers, the problems that it solves, and the benefits
that your customers enjoy, because you will trigger the response How do you do that or I want that or “That’s for me!”
Who is your ideal customer, the perfect person for what you sell This is a description of the demographics and psychographics of the type of person who most appreciates and values the special features,
benefits, and results of the product or service that you offer.
What does your ideal customer consider valuable What is so important to him or her that you can provide that makes your prices seem unimportant?
The main reason that businesses fail is that there is little or no demand for their product. People don’t value it or want it and have no interest in buying it.
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