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Value, Price, and Cost

The concept of Value vs. Price is one that I am inexplicably fascinated by. Maybe it's the fact that most people ignore it entirely, or maybe it's because following its principles virtually guarantees success in any area.

Most people do not understand the difference between value and price or, at the very least, greatly underestimate it.

So, what is the difference between value and price? Value is the benefit derived from an action, and price is the benefit lost by performing an action. What makes this such a profound concept is that every action has a value and a cost associated with it, and it is usually fairly easy to measure. Our unconscious minds are constantly evaluating the price and value of every possible choice, which ends up governing many of our actions.

How to Become an Entrepreneur in 24 Hours

On The Blog of Nate Dodson

Want to call yourself an entrepreneur? Than sell something.

This is a guide to making your first sale on a good or service in one day.

Most people think starting a business is a major risk. They consider it to be a HUGE decision that requires months of planning and significant upfront investment.

Well, that sounds like it would suck to me.

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