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Tool Talk Discussion Forum

How to make a purchase

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F.E. Bear

08-20-2007 05:21:41




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HOW TO MAKE A PURCHASE

It is unwise to pay too much, but it is worse to pay too little. When you pay too much you lose a little money, but when you pay too little, you sometimes lose everything, because the thing you bought is not capable of doing the job it was bought 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 is well to add something for the risk you run, and if yiou do that you have enough to buy quality.

I got this from an employer many years ago and I found out, some times the wrong way, it is quite correct.

Give me the serenity to accept the things I cannot change; the courage to change the things I can, and the wisdom to know the difference.

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JT

08-21-2007 06:26:59




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 Re: How to make a purchase in reply to F.E. Bear, 08-20-2007 05:21:41  
To bad the people who shop Walmart, Lowe's, Home Depot, Sears, Menards, and such places looking for a bargain would learn this. I get real upset with people who buy from places like these, and then when it quits because they do not want to spend the money to buy a decent peice of equipment or tools.



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Tim Casbolt

08-21-2007 14:57:27




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 Re: How to make a purchase in reply to JT, 08-21-2007 06:26:59  
Yup, those places are known for selling junk, that's for sure. But how many times have you gone looking for the top quality version in a good, old-fashioned, home-town hardware store and found the exact same item at twice the price? The problem is a lot bigger than just staying away from the big box stores.



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