Have you ever taken the time to stop and think about what you're really good at? And what your employees' real strengths are? But let's not stop there. How about what you like?

It may sound like an extravagance, but these considerations are musts if you want to successfully develop your target market and service or product niche. Most businesses don't take the time to think about them, though.

It's hard enough to fit in everything you have to do just to get through the day, much less try to fit in something extra (believe me, I know this first hand). If you force yourself to take the time to explore the questions, though, you can see remarkable changes in your success. Knowing your strengths and interests will help you develop a niche that's both profitable and fulfilling.