#Profitability #Price #Discovery
True PRICE DISCOVERY is perhaps the ultimate tool for maximizing Advice firm profitability. Yet not one firm we have encountered has actually been through the process of finding true price discovery.
How do you actually know what your clients value or what they are willing to pay for it? How do you know the optimal price to profit level of your business if you do know actually know the answer to these questions?
The truth is you can't, and nor will your business, be anywhere near its optimal profit/efficiency level if you have not undertaken ongoing price discovery. How can you be in a position to advise others on their own true financial inputs if you do not understand your own?
In this episode, we dig into the process of price discovery and why it is critical to creating an exceptional advice firm.
Please make sure to share your thoughts or challenge our thinking in the comments!
Baz Gardner Founder - The Social Adviser
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