Does Your Business Have Something to Offer? Here’s How to Know
So, you’re thinking about starting a business. First off, that’s exciting! But here’s the thing—before you start diving in headfirst, ask yourself: Does your business have something to offer others? I mean really, truly offer? Something that people want or need? Because if the answer is "no," then hold up for a second and hit pause. There’s no point in starting something until you have something to sell. Let’s break it down and walk through the steps to make sure you’re on the right track.
Does Your Business Have Something to Offer?
No? Then don’t start it yet. Seriously. If you can’t identify something valuable that your business brings to the table, don’t waste time or energy just because you think you should. Think of a business like a product or service vending machine. If there’s nothing inside, nobody’s going to pay to use it.
Yes? Awesome. You’re off to a good start. But now you need to get clear on what exactly you’re offering.
Do You Know What You’re Offering?
No? This is where it’s time to get picky. Refine and define your offering. Whether it’s a product or a service, you need to be able to say exactly what it is and why it’s valuable. Is it a tool that saves people time? Is it a service that solves a specific problem? Whatever it is, get crystal clear on your value proposition. This is what people will pay for. And if you can’t clearly explain it in one sentence, it’s time to work on your pitch.
Yes? Perfect. Keep going. But don’t get too comfortable. You’ve got to keep your eyes open as you move forward.
Do You Know Why Someone Should Pick Your Product or Service?
No? Uh-oh, now we’re in trouble. You need to figure this out before you launch. Why would someone choose your product over someone else’s? What makes your offering stand out? This could be anything from a unique feature, a better price point, or even the way you package or deliver it. If you can’t answer why people should choose you, then you’ll just get lost in the noise of competitors. Think of this like your secret sauce—you need to know exactly what makes it special.
Yes? Look at you go! You’re on a roll. Now, let’s talk about something else.
Do You Know What Your Product is Worth?
No? Alright, we’ve got some work to do here. The next step is market research. Yep, that boring, slightly intimidating word. But don’t overthink it. Market research is as simple as looking at similar products or services in your area, online, or wherever your customers hang out. See what they’re charging, what their value propositions are, and how they position themselves. This doesn’t mean copying, but it does mean understanding the landscape and finding where you fit.
Yes? You’ve got a real business now, my friend. Time to keep building on that momentum.
Do You Know How to Market Your Product?
No? Don’t panic, but it’s time to get a plan. Marketing is a whole beast on its own, and if you’re not sure where to start, the next step is to figure out how people are going to know about your amazing product or service. Start with basic market research again—check out how others are promoting similar offerings. Who’s your target audience? Where do they spend their time? What kinds of messages resonate with them? And hey, if you really get stuck, you could always hire someone who knows what they’re doing (yes, I’m talking about Neat Media House here).
Yes? Slay, queen/king/non-binary ruler. You’re ready to rock this. With a solid marketing plan, you’re good to go.
Wrapping Up: Be Honest, Be Prepared, and Keep Going
At the end of the day, starting a business is like throwing a party. You have to make sure there’s something really good to offer your guests before you even send the invites. If you’ve gone through these questions and answered honestly, you’re already on your way to success.
Just remember: if you’ve got something valuable to offer, know why it stands out, and understand its worth, you’re way ahead of the game. Everything else—marketing, strategy, and fine-tuning—comes with time. Keep pushing, keep refining, and trust the process. You’ve got this!