Thirty some years ago, my father told me that you paid less for $150 shoes than you did for a $49 pair.
Last week at the market, I heard a mother call out across the produce department to her son. “What costs more, the red leaf or romaine?”
Some things are consumed. Others bring a benefit that lasts for years and even decades.
Amateurs see their businesses as a consumer. Everything is a cost. Everything is purchased by the metaphorical pound.
Successful business people understand the need to invest in themselves. Without investment, their business would whither.
Hospitals and investment funds scooping up practices understand this. Most physician groups don’t.
How’s it working out for you?