Peter Hook
The Quote in Other Words
Losing 10p on each copy due to the high cost of your sleeve was an incredible error.
Explanation of the Quote
This quote highlights the importance of cost management in business. The mistake of losing 10p on every copy due to expensive sleeves is a clear example of how a seemingly small cost can add up and have a significant impact on the bottom line. It is crucial for businesses to carefully analyze their expenses and find ways to reduce costs without compromising on quality.
Moreover, this quote also emphasizes the significance of innovation and creativity in business. Instead of accepting the loss, businesses should explore new ideas and solutions to overcome challenges. For instance, finding alternative materials for sleeves or redesigning the packaging to reduce costs can help businesses save money and increase profitability.
In conclusion, this quote serves as a reminder for businesses to be vigilant about their expenses and to constantly seek new ways to improve their operations. By doing so, they can avoid costly mistakes and stay competitive in today’s fast-paced business environment.