Low Bidder: “It’s Unwise To Pay Too Much, But It’s Worse To Pay Too Little”-John Ruskin
“It’s Unwise To Pay Too Much, But It’s Worse To Pay Too Little”-John Ruskin (1819-1900)
I’m “sharing” this from the latest Pet Boarding & Daycare magazine, Volume 2 Edition 1. They have some of the best content for Groomers and Boarding Facility operators. This issue covers the best flooring for your pet care facility, dealing with increased competition and other various topics including this little nugget of wisdom by John Ruskin. It is such sound advice along with “Truth or Just Good Marketing” our blog from November 2011. Enjoy:
“It’s unwise to pay too much, but it is worse to pay too little. When you pay too much, you lose a little money – that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot – it can’t be done. If you deal with the lowest bidder, it is well to add something for the risk that you run. And if you do that, you will have enough. There is hardly anything in the world that someone can’t make a little worse and sell a little cheaper – and people who consider price alone are this man’s lawful prey.”
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