When slicing work in to valuable pieces, I notice that many people get stuck on the notion of business value. "How will I know if it's valuable?"
My quick hack is to reverse the situation. "If you didn't do this thing, who would be upset and why?"
If the answer is that nobody would be upset then there's no value here. Do something else instead.
If someone would be upset then that person is your customer and the reason they're upset is the value.