Transformational Decision to a Pricing Decision

Amar Pandit , CFA , CFP

Amar Pandit

A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.

I read somewhere, “The fastest way to kill a good idea is to ask ten people about it.”

I could totally relate to this because I have seen this happen over and over again in our industry/profession.

An MFD discovers a platform that could genuinely transform their business.

They meet the founder…They meet the team.

They understand the model…They see the technology…They experience the processes.

They can almost see what their future could look like and then they make one mistake.

They start asking everyone.

“What do you think?”

A friend who has never built a scalable business.

Someone who has never led a team.

Someone who has never built technology.

Someone who has never integrated acquisitions.

Someone who has never created a B2B platform.

Everyone has an opinion…Very few have the experience to earn one.

Slowly, the conversation changes.

Not… “Can this help me build a far more valuable business?”

But… “How much will it cost?”

That is when a transformational decision quietly becomes a pricing discussion.

The irony is fascinating.

The people you ask are often evaluating the opportunity from the perspective of their own fears, not your future.

Great entrepreneurs don’t ask ten people whether they should grow.

They ask better questions.

What problem does this solve?

What capabilities will this give me that I cannot build alone?

Where could my business be five years from now if I get this right?

Every meaningful decision in business comes with uncertainty…If there were no uncertainty, there would be no opportunity.

Sometimes, the biggest risk isn’t making the wrong decision.

It is allowing people who don’t share your vision to slowly talk you out of the right one.

The future is rarely built by consensus.

It is built by entrepreneurs who have the courage to see tomorrow before everyone else does.