If you want sucess, figure out the price, then pay it
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Data, ML and Quantum Enthusiastπ― BloggerβοΈ Tech savvyπ₯ Follow @bala_ceg for more content on Data, ML, quantum computing and other tech events
After reading this piece, you will wonder why I didn't realize this before or why no one told me this soon? Happy reading!
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With value being in the eyes (and experience) of the consumer, the price they are asked to pay must be (much) lower. The entrepreneurβs job is to figure out at what price their product is attractive, and then choose a cost structure that allows for profit. In other words, the price is a
Can you generate value?Β If the answer is no, then make it your first priority turn that into a yes. Figure out how successful people are rewarded. Read books, study investors, try things out, talk to wealthy people, etc. You want to generate valueβeither by working for it or investi...
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