This is my one-hundred-seventy-seventh weekly reflection. Here are my takeaways from this week:
- Pricing – Determining the pricing model for the first version of your product is hard. I recently spent time with an early-stage founder on this. Pricing should give customers an incentive to use the solution more, not look for an alternative. It should also capture as much of the value you create for customers as possible. Finding the right approach requires balancing these two factors, as well as others, and is easier said than done.
- Better decisions – Making decisions that align with the long-term future you aspire to is difficult for some people. I underestimated just how difficult it is for some people. Suzy Welch’s 10-10-10 method is simple and has resonated with a few people I shared it with.
- Independence – I’m not a fan of dependence. Needing to be in the driver’s seat of my own life led me to entrepreneurship, and it continues to be important to me. This week reinforced this feeling.
Week one hundred seventy-seven was another week of learning. Looking forward to next week!
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