Business exists to serve a market need.
Generally it has been established to earn an income for someone or some group.
So it is important for business owners to understand that the customer or market is their only source of income and, as such, it is essential that business owners have a clear understanding of who their market is and what market need they are meeting.
If you have a clear understanding of your value proposition and who your market is, then the next thing to ask is what you do or don't do, that makes it difficult for your market to engage with your business.
The simple identification of the pain points for customers is what has set apart some of today's leading businesses.