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"The High Cost Of Paying Too Little"

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carpetologist View Drop Down
The Great Hardini
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Hocus Pocus

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    Posted: 19/May/2006 at 1:01pm
John Ruskin had a thought on costs and quality which is as appropriate to our industry now as it was in the 1800's.
 
He wrote:
 
It's unwise to pay too much,
But it's 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 you run,
And if you do that
You will have enough to pay for something better.
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cleanex View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote cleanex Quote  Post ReplyReply Direct Link To This Post Posted: 19/May/2006 at 9:11pm
So true!  Yet it happens all the time and often by people that should know better.

Edited by cleanex - 19/May/2006 at 9:12pm
DON ELDRED
YOU CAN "STAND" ON OUR REPUTATION
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Michael View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Michael Quote  Post ReplyReply Direct Link To This Post Posted: 19/May/2006 at 10:53pm
Nice! Flood gates are open, though . . . now I'm going to start quoting dead white guys. ;)
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Mr Singh View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mr Singh Quote  Post ReplyReply Direct Link To This Post Posted: 19/May/2006 at 11:00pm
nothing like paying too much for bad curry
 
MR Singh
Namaste
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nightrider View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nightrider Quote  Post ReplyReply Direct Link To This Post Posted: 20/May/2006 at 4:58am

What have you got for sale Ted that you think that we're going to think costs too much.........................come on Ted......are you playing with profit margins again

 
                                          Nightrider
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The Great Hardini
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Hocus Pocus

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Post Options Post Options   Thanks (0) Thanks(0)   Quote carpetologist Quote  Post ReplyReply Direct Link To This Post Posted: 20/May/2006 at 10:39am
Nightrider
 
You are absolutely right, profit margins are the blood and veins of any company.  I not only practice it I attempt to teach my customers the same.
 
Some listen, the ones who don't are no longer anybodies customer.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote nightrider Quote  Post ReplyReply Direct Link To This Post Posted: 20/May/2006 at 7:17pm
Ted.....you're a smart businessman, I on the other hand have customers and employees that eat up my profit margins.........and leave me with blocked toilets that I have to pay a plumber to fix............Do you need a partner at KleenKuip Ted.............you just may have the secret receipe for success Thumbs Up
 
                                              Nightrider
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Ken Harris View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ken Harris Quote  Post ReplyReply Direct Link To This Post Posted: 20/May/2006 at 7:26pm
He might need someone to clear the blocked toilets Jack. I always say to be careful what you ask for cause you just might get it.
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