No matter what business you are in, this is the one question you should ask yourself everyday. If your sales are up or down; if your rankings are up or down. Big brand or small mom and pop shop. You should always be striving to be able to answer that question with more than just “because we are the best.” Best is subjective and in this world of low barriers to entry, you need a good answer to that question.
Not sure how to answer that question? It’s not just about being what the Harvard Business Review calls category creators (you must pay to view, sorry guys), the people that create an entire new business idea. It can be a number of things that we’ll review in a minute, but the point is that you need this not only for your business as a whole, you need it for many parts of your business. A good unique selling proposition (USP) is beneficial for: (more…)