Don’t pay peanuts

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Sir James Goldsmith, a European industrialist known for his flamboyant and outrageous reputation, is attributed with the quote: “If you pay peanuts, you get monkeys.”

This is so true for those in small business. Sometimes, business people think that in order to be competitive, they need to lower the price. But by doing so, you might just have projected an impression that you are new and inexperienced.

Don’t be the monkeys. And don’t pay peanuts either.