IBC Solutions

John Ruskin's law of business

In your desire to get the best online solution, you may talk with other reputable potential providers.  You’ll probably find a range of options, often at vastly different prices.  One of your big challenges may be trying to compare 'apples with apples'. And unfortunately, the lemons may be hard to spot until it's too late.  

We totally understand the need for you to have cost-effective solutions. We often help our clients with the cost-benefit analysis as we work through the different options that could be used to achieve various business strategies and outcomes. We know you need to get good value. This means paying a fair price for the level of quality of the advice, service, products and services you are buying. But to be a good solution, it must work!

It's that simple... you need a solution that works for you and improves the way you do business. It needs to be an asset for your organisation. You don't want to waste your money. If a system doesn't work or isn't used, then it's a waste - no matter how much or how little it may have cost.

Some time ago, we came across the Law of Business by John Ruskin. Written over a century ago, it still holds true today…

"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 person's 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 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."

John Ruskin, 1819 – 1900

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