Advice to entrepreneurs: Why discounts may not be a good idea

While it’s tempting to believe there’s a blanket statement like “Service providers should never give a discount,” the reality is more nuanced. While offering discounts can have downsides, it also has strategic uses which we also offer in this article. Here’s a breakdown of the potential cons to consider: Downsides of discounts 1. The peril … Continue reading Advice to entrepreneurs: Why discounts may not be a good idea