Words of Wisdom
I came across this quote at a roofing systems seminar years ago and have come to greatly appreciate its valuable worlds of wisdom. Hats off and full credit to its unknown author!
The Cost of Price - The Price of Value
“There is hardly anything in the world that someone cannot make a little worse and sell a little cheaper. People who consider price only are this person's lawful prey. It is unwise to pay too much, but it is unwise 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 is incapable of doing the thing you bought it to do. The common law of business balance prohibits paying a little and getting a lot. It cannot be done. If you deal with the lowest bidder, it's well you add something for the risk you run. And if you do that, you will have enough to pay for something better.”