Hey startups community,

I find myself in a bit of a bind and could really use some advice. I recently closed a business deal, only to realize afterward that I severely underpriced my services—about 25% of the market rate. The price negotiation is already a done deal, and now I’m feeling pretty awful about it.

Has anyone been in a similar situation? How did you handle it without damaging the client relationship or your business’s reputation? I’m worried that this might have long-term consequences, and I’m not sure how to navigate the aftermath.

Should I approach my client and try to renegotiate the terms, even though we’ve already agreed on a price? Or is there a way to make up for this mistake without jeopardizing the entire deal? Any advice on damage control and salvaging the situation would be greatly appreciated.

I know I messed up, and it feels like a major setback. If you’ve been through something similar or have insights on how to bounce back from such a situation, please share your experiences. Thanks in advance for any guidance you can provide—I could really use some support right now.

  • sliqqery@alien.topBEnglish
    1·
    10 months ago

    You haven’t signed anything. It’s not too late. It’ll be very very uncomfortable and you may lose the deal, but then you’re not stuck in a commitment and can move on. Perhaps find a middle ground. Time-box the deal for the first few months and set a mutual out and for renegotiation.