Things Entrepreneurs Should Know
Things Entrepreneurs Should Know
Things Entrepreneurs Should Know is a podcast about business judgment, the decisions, tradeoffs, and hard-earned lessons that come with building a business of lasting value. No formulas. No quick wins. Just practical perspective on growth, leadership, risk, capital, and the choices that matter over time.
July 28, 2021

The Hidden Danger of Cross-Selling When Creating a Valuable Business

You've likely heard the adage that it is far easier to cross-sell an existing customer a new product than it is to find a new customer. And if your goal is to grow at all costs, then cross-selling makes sense. However, all of that sales growth may not do much for the value of your company. In this episode, we explain why cross-selling your existing customers too much stu…

You've likely heard the adage that it is far easier to cross-sell an existing customer a new product than it is to find a new customer. And if your goal is to grow at all costs, then cross-selling makes sense.

However, all of that sales growth may not do much for the value of your company. In this episode, we explain why cross-selling your existing customers too much stuff could make your business far less valuable to a potential acquirer.

And be sure to check out our website at www.TESKPod.com for bonus content and other tips to help you grow your business while enjoying the lifestyle you’re entitled to.

Disclaimer: This podcast and related materials are designed only to provide general information regarding the subject matter discussed during the podcast episodes. The statutes, authorities, and other laws cited in this podcast are subject to change. This podcast and related materials are not intended to provide tax, accounting, legal, or other professional advice to any specific person or entity. Any advice or opinion regarding the application of the subject matter for a specific person or entity should be provided by a competent professional advisor based on an application of the appropriate law and authorities to the facts and circumstances applicable to that person or entity.