⛈️ 2 traps Agency Owners Need to Avoid #entrepreneur #ceo #founderstories

29 Aug 2023 · 0 min

Watch on YouTube

0:25

A short advice clip for agency owners and entrepreneurs warning against two common mistakes: body shopping and competing on cost arbitrage. The speaker recommends focusing on value creation and the purpose behind the business rather than undercutting competitors on price.

I, I would. My recommendation to young entrepreneurs is to stay away from these two things, body shopping and cost arbitrage. Because that's not going to go a long way. Because the cost arbitrage is always like this. There's someone else sitting out there who's going to like, charge a dollar less to get, get your business. So it's more about value creation, it's more about why we are doing business.