3 Valuable Entrepreneurial Lessons from The Tragedy of Volkswagens Felicity Ace - Deepstash
3 Valuable Entrepreneurial Lessons from The Tragedy of Volkswagens Felicity Ace

3 Valuable Entrepreneurial Lessons from The Tragedy of Volkswagens Felicity Ace

Curated from: informationprime.wordpress.com

Ideas, facts & insights covering these topics:

4 ideas

·

569 reads

2

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

3 Valuable Entrepreneurial Lessons

3 Valuable Entrepreneurial Lessons

  1. Speedy Customer Reassurance
  2. Insurance
  3. Pricing Strategy

8

261 reads

1. Speedy Customer Reassurance

1. Speedy Customer Reassurance

As an entrepreneur you should proactively provide reassurance to your customers and, for small businesses, it’s even easier because you are closer to your customers and can easily keep track of them. Providing reassurance to your customers reminds them that you have their best interest at heart and their money is best spent with you.

9

116 reads

2. Insurance

2. Insurance

There are many people who view insurance negatively but as an entrepreneur, you should be walking in the opposite direction. Having insurance could be the difference between losing everything you own and having the shot to begin again, and this certainly proved to be the case for a lot of covid hit businesses during the pandemic.

Get yourself a good insurance deal, on your home, business, and cars.

8

106 reads

3. Pricing

3. Pricing

Joe Karbo author of ‘the lazy man’s way to riches' explained in chapter five of his book that your selling price should be at least three times your total cost. This may sound astonishing but Joe says that he is personally more comfortable at 5 times his total cost and in some cases, 10 times your cost is a possibility. You should be open to dividing your market and experimenting with your prices to find the optimal one. 

The bottom line is that this strategy is what successful businesses adopt, they ‘milk their wins’.

10

86 reads

IDEAS CURATED BY

royaltouchz

Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.

CURATOR'S NOTE

These ideas show three important lessons for entrepreneurs in managing their businesses.

James Oluwatobi's ideas are part of this journey:

Giving Effective Feedback

Learn more about moneyandinvestments with this collection

How to manage workplace stress

How to prioritize and make better decisions

How to learn anything fast

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates