Better Quote by E. Joseph Cossman
“For products with revision possibilities, there is no better source available than a company going out of business!”
About This Quote
When a firm is about to cease operations, its remaining inventory often includes unsold, discounted items that can be acquired cheaply, offering a unique chance to obtain products at a fraction of their original cost.
In simple terms: Bankrupt firms sell off stock at deep discounts.
Key Takeaway
Buy from failing companies to get cheap inventory.
Themes
cost efficiency
opportunity timing
market dynamics
risk and
inventory liquidation
Mood
pragmatic
opportunistic
cautiously optimistic
Type
business advice
investment insight
When to use this quote
- startup cash‑flow crunch
- retail clearance planning
- entrepreneurial sourcing
- budget‑tight procurement
Key Concepts
discounted assets
liquidation strategy
supply chain
financial distress
Practical Applications
- acquire low‑cost goods for resale
- stockpile components for future production
Questions to Reflect On
- What safeguards can you put in place when buying from a liquidating firm?
- How might this strategy affect brand perception?
A Different Perspective
The quality and support for products from a bankrupt supplier may be unreliable, potentially leading to higher long‑term costs.
