3 Valuable Entrepreneurial Lessons - Deepstash
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3 Valuable Entrepreneurial Lessons

3 Valuable Entrepreneurial Lessons

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


254 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 you...


83 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 h...


102 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 a...


111 reads




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

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

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Customers / Prospects / Pricing

Show the growth of your customer base. 

How many customers are using your product? Do you have some lighthouse customers? If you are allowed to show them, do so (investors love logos). What kind of prospects do you currently focus on and has this, or will this focus change over time? Wh...

Price per seat or user?

Madhavan Ramanujam, board member and Partner at Simon-Kucher & Partners (a global strategy consulting firm) answered this question during Office Hours at Redpoint in Aug 2021. He is the author of Monetizing Innovation.

Massive companies have been built using both pricing structures: Salesfo...


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