TheRodinhoods

Dear Startups – Never under quote your initial projects

The first few days of a startup are really testing. You have just launched your startup and are eagerly waiting for the first few clients and are willing to bend over backwards to acquire and service them. It is especially common in the service industry for young startups to either yield to excessive bargaining or underquote their price extremely low just to acquire the client. It is understandable too as you are desperate to make a mark and you don’t want to let any chance go. So you quote the price you think the client will pay and not the actual cost. Well, DON’T. It is a big mistake for young startups and here is why – 

I am the co-founder of a services firm and trust me all of these lessons come from experience. An undervalued project always ends in relationships ending with a sour note. I know we get desperate and just want to grab whatever we get. But let’s try to stay confident about ourselves and our abilities and make sure that we always get the right value of our efforts.

Note : This is an original post from my blog which you can find here. I tweet at @akhilrex

Image Source : https://bostinno.com