This document discusses issues and misunderstandings related to service-dominant logic (SDL). It identifies 4 issues with SDL: its use of goods-dominant terminology, its managerial focus, its oversimplification of value creation processes, and its lack of consideration for phenomenological experiences of value. It also describes 3 common misunderstandings of SDL: that it only applies to service economies, that it only considers dyadic exchanges, and that it ignores social/non-profit contexts. The document outlines 9 modifications made to SDL's foundational premises to address these issues and misunderstandings. It concludes that these modifications open new opportunities for developing theories aligned with SDL.