10 Ways New Businesses Can Determine Their Ideal Prices
For many new business owners, one of the biggest challenges is determining a fair price for their products or services. You don’t want to charge so much that people will choose your competitors, but you also don’t want to lowball your prices and fail to make a profit. To help you make this important decision, we asked a panel of Young Entrepreneur Council members to weigh in on the following question:
“When you were first starting out, what process did you use to determine the price of your pro