Join 60,000+ seasoned professionals who are done with the corporate world. Epic Encore is an almost daily newsletter with inspirational stories from leading experts. Your Epic Encore is about turning your lifetime experiences into the cornerstone of the rest of your life. It represents your audacious leap into entrepreneurship, fueled by the wisdom and tenacity you've garnered in your successful career. This isn't about playing catch-up in business and building a 7-figure business. It's about forging a unique path, using your distinct perspective, seasoned judgment, and invaluable insights that can only come from years of life experience.
Why Fighter Pilots Make Better Pricing Decisions Than You Do
|
I’m deep into Alastair Dryburgh’s The Pricing Genius, and he drops this military strategy bomb called the OODA Loop that completely changes how you think about pricing. OODA stands for Observe, Orient, Decide, Act. Air Force Colonel John Boyd created it for fighter pilots making split-second decisions. Luckily, we don’t have to make many split-second business decisions in business that could be fatal. Here’s the genius part of the OODA Loop. Alastair shows how this combat framework transforms your pricing from reactive guesswork to strategic dominance. Here’s how it works: Observe: Stop looking at your costs. Start watching what your clients actually do. That agency charging $46k? They observed their client spending $200k on consultants to solve the same problem their service prevented. Orient: This is where you position your value. Are you comparing yourself to other agencies (racing to the bottom) or to the catastrophe you prevent (racing to the bank)? Context is everything. An $84,000 pharmaceutical treatment sounds insane until you compare it to a liver transplant. Decide: Make your pricing decision based on value created, not hours worked. This isn’t about confidence. It’s about choosing the right frame of reference. Decide to price against the alternative, not against your competition. Act: Implementation with conviction. No apologizing, no lengthy justifications. State your price like a pilot pulling the trigger – decisive and committed. The faster you cycle through this loop, the quicker you adapt to market reality. While your competitors are stuck justifying hourly rates, you’re already three loops ahead, adjusting your value proposition based on real client feedback. A consulting firm used OODA to reframe its cybersecurity audit. Instead of selling “40 hours of testing,” they saw that clients were terrified of breaches and priced the peace of mind at $75,000 (up from $8,000). Same service. Different loop. The beauty? Each cycle gives you feedback for the next. You’re not guessing anymore, you’re systematically outmaneuvering the market. Three game-changing takeaways:
Top Gun pilots win dogfights. Smart consultants win pricing wars. Alastair Dryburgh will be live in the Mastermind Book Club with Tom Ruwitch and me. When: Thursday November 20th at 11:30 AM Pacific/2:30 PM Eastern. Don’t worry if you didn’t read the book. Tom and I read it for you. Join the discussion here https://mastermindbook.club It’s free to be a member Ted |
Ted Prodromou
Join 60,000+ seasoned professionals who are done with the corporate world. Epic Encore is an almost daily newsletter with inspirational stories from leading experts. Your Epic Encore is about turning your lifetime experiences into the cornerstone of the rest of your life. It represents your audacious leap into entrepreneurship, fueled by the wisdom and tenacity you've garnered in your successful career. This isn't about playing catch-up in business and building a 7-figure business. It's about forging a unique path, using your distinct perspective, seasoned judgment, and invaluable insights that can only come from years of life experience.
I'm still enjoying the high from today's Peloton ride and pondering the nugget shared by Alex Toussaint. The Peloton instructors not only give your body a workout, they share inspirational thoughts that stretch your thinking. Today Alex shared something simple but powerful. "If you're making big changes in your life, don't make one big change. Take micro steps." Micro steps. Not one giant leap. Not some massive transformation overnight. Just small steps, one at a time. Seems pretty obvious,...
Whether you climbed the corporate ladder, built your own business, or spent decades making things happen in your job, your worth was measured the same way. By what you completed. Finish the presentation. Close the deal. Hit the numbers. Get to the next meeting. Every day was a race to complete things so I could move on to the next thing. And here's what nobody tells you about your next chapter: You bring that mindset with you. Last week, I caught myself feeling anxious because I'd only...
If your inbox looked anything like mine yesterday, you probably waded through about 247 "LAST CHANCE!" emails before your morning coffee. And now? Poof. The clock struck midnight, and those "once-in-a-lifetime" deals vanished like Cinderella's carriage. So here's my question for you: Did you participate in Black Friday and Cyber Monday as a consumer? Were you satisfied with your "investment"? Did you participate as a seller? The numbers are staggering. Consumers spent $10.8 billion online on...