5 Austrian Principles

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These five simple Austrian principles that can be practically applied to your business.

Problem To Solve: How to make a profit through ethical means.

How To Use This Tool

Read, learn about and apply these five Austrian principles. 1. Too much aggregation can obscure important data. 2. Gather as much feedback from your customers about their value experience and their feelings towards your product or service. 3. Customers constantly change their preferences, therefore adjust your value proposition to them. 4. Experiment and use empathy to anticipate what the customer might be looking for. 5. Your role as an entrepreneur is to serve others, profit is the reward indicating that you are on the right track. Read, learn, and apply these five Austrian principles.

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