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Key Takeaways

Low price doesn’t always equal great value.

Comparing price against service levels saves time and money.

Understand your company’s internal and external ability to “fix” outside work.

We all crave a bargain, especially entrepreneurs chasing the best deals on goods and services . In a perfect world, we would always land a low price and top-notch results. True harmony happens when value and price align. But too often, that rock-bottom price balloons when someone has to step in and fix or redo a purchase that turned out to be more trouble than it was worth.

I’ll admit that I’m drawn to a low price. Yet, after more than twenty years in business, I’ve learned to be cautious of work that’s simply cheap.…