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In entrepreneurship and investing, decision-making is crucial. The right approach can lead to innovation and growth, while poor choices can be costly.
For early-stage startup founders and entrepreneurs, understanding economic principles like price elasticity can be critical in shaping pricing decisions that align with customer behavior and market demand.
In Measure What Matters, John Doerr introduces the OKR (Objectives and Key Results) framework, which has been a game-changer for companies like Google and Intel. But does this system work for everyone? Let’s find out.
Let's explore the fundamentals of price anchoring, how it can be leveraged in business settings, and what to do if your counter-party defuses your anchor. Additionally, we’ll touch on other complementary pricing techniques to help you maximize profitability.
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