#758 - The Secret Weapon to Pricing Power

Dan and Ian explore the concept of power in business and how businesses can transition from being a grind for the owner to having sustainable pricing power.
Derived from the book 'Seven Powers' by Hamilton Helmer, they delve into the idea of cornered resources as a source of power and discuss examples of cornered resources such as patents, unique brain trust, and exclusive partnerships.
You’ll be challenged to consider how you can identify and leverage counter positioning, networked effects, distribution, and brand to sustain margins and pricing power over time.
This is an essential conversation for building and maintaining a competitive advantage in any industry.
Dan & Ian’s Stuff:
Our book: Before the Exit (https://www.amazon.com/Before-Exit-Thought-Experiments-Entrepreneurs/dp/1980628823/ref=sr_1_1?crid=3E5PMCCM0TDZ0&dib=eyJ2IjoiMSJ9.GnIb36rltn6NgcjHBCs8zg.waeKvE3zKoAbCt6Adoo5o5vv7M4PDyOj9pMXE7dM82A&dib_tag=se&keywords=before+the+exit+dan+andrews&qid=1711510466&s=books&sprefix=before+the+exit+dan+andrews%2Cstripbooks%2C101&sr=1-1)
The Newsletter (https://tropicalmba.com/subscribe)
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Global events (https://dynamitecircle.com/events)
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Find a remote job (https://dynamitejobs.com/)
Listen on YouTube (https://www.youtube.com/@OfficialTropicalMBA)
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@AnythingIan (https://twitter.com/AnythingIan)
Chapters
● (00:01:07) Understanding Business Power and Transitioning Camps
● (00:09:44) The Importance of Cornered Resources in Business
● (00:19:59) Leveraging Distribution as a Source of Power
● (00:36:03) Unleashing the Power of Brand
Links:
- The 7 Powers: The Foundation of Business Strategy (https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319)
Past guests on TMBA include Cal Newport, David Heinemeier Hannson, Seth Godin, Ricardo Semler, Noah Kagan, Rob Walling, Jay Clouse, Einar Vollset, Sam Dogan, Gino Wickam, James Clear, Jodie Cook, Mark Webster, Steph Smith, Taylor Pearson, Tommy Griffith, Justin Tan, Matt Gartland, Travis Jamison, Ayman Al-Abdullah, Tynan, Lucy Bella Simkins, Brian Balfour, Nick Huber, Mike Michalowicz, Greg Crabtree, Jordan Gal
Additional episodes you might enjoy:
How Healthy is Your Business? (https://tropicalmba.com/episodes/how-healthy-is-your-business)
The Million Dollar Service Business Playbook (https://tropicalmba.com/episodes/million-dollar-playbook)
Run Any Business with Just Two Simple Things (https://tropicalmba.com/episodes/run-business-two-simple-things)