Law of Business

Law of Business, by John Ruskin 1819-1900

There is hardly anything in the world that someone cannot make a little worse and sell a little cheaper, and the people who consider price alone are that persons lawful prey.

It is unwise to pay too much, but it is also 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 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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  1. Fernanda says:

    Last month I had a home inspection done on my house and the funacre was missing the safety switch behind the panel. This is a switch that automatically shuts the system off to prevent people from getting electricuted when the panel is opened. The funacre and AC work fine cools and heats up the house well and the master switch works fine as well. Since the system is operational without any problems, is the missing safety switch a defect that the homeowner needs to fix for the homebuyer?

    1. Robert Fico says:

      It needs to be repaired, but who pays for it is negotiable, but it should not cost more than $195 installed.

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