This was shared by a friend of mine who is relatively new to the business, with insight like this, he will/is doing great.
It is unwise too pay too much but it is worse to pay too little.
When you pay too much, you sometimes lose a little money, that’s 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 buy from 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.
It is unwise too pay too much but it is worse to pay too little.
When you pay too much, you sometimes lose a little money, that’s 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 buy from 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.