Helping You Hit Your Financial Bullseye | Joel Block's Blog

Helping You Hit Your Financial Bullseye | Joel Block's Blog: "Growing Your Business: What Gets You In Takes You Out

A friend recently shared a pearl of wisdom that he learned from his father many years ago: What gets you in can take you out. If you compete on price, price can knock you out, while if you compete on quality, the competition has to beat you on quality - and that's a much tougher task.

An example can be found in the food business - a mature industry. Food manufacturers frequently compete on price because the differences between their products are difficult to distinguish, let alone describe." read complete post