Of course the case for $n=1$ is trivial, so I can suppose that for some arbitrary $n\in \mathbb{N}$, $||A^n||\le||A||^n$
Then $||A^{n+1}||=||A\cdot A^n||$. I'd like to proceed by somehow getting this norm into the form $||A||\cdot||A^n||$ either through equality or inequality, but I don't think that's a result which directly follows.
For what it's worth I have proven this result non-inductively using properties of bounded linear operators, but I'm specifically looking for an inductive method.
Any help appreciated.