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Susan @ 9:37 am
I just read this on my friend Bob Burg’s blog and wanted to share it:
“A Thought on Price”
by John Ruskin, English Philosopher, 1819-1900
“It is unwise to pay too much, but it’s also unwise to pay too little. When you pay too much, all you lose is a little money. But when you pay too little, you stand a chance of losing everything, because the thing you bought is incapable of doing what you bought it to do. The common law of business balance prohibits paying a little and getting a lot – it just cannot be done. So, when you deal with the lowest bidder, it is wise to put a little something aside to take care of the risk you run. And, if you do that, you can afford something better.”
Remember, when you’re considering spending for your business, you get what you pay for.
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“Note on Price” – this is right on. Paying too little can also impact the level of quality of either the good or service your selling, thus affecting your brand. There can be so many costs, its only natural to want to save money where you can. Pinching pennies in the wrong areas and getting a poor product will cause you to go back to the drawing board and spend more money…….costing more in the long run. I learned this the hard way, just growing pains of business.
Comment by tweakz — May 10, 2009 @ 8:17 pm