Legal Research

"Cost vs. Investment: Making Wise Decisions on New Opportunities"

This post was written by Julie A. Fleming: "Last week, I talked with a client who was distressed at having to pay about $1,000 for some equipment necessary for making a presentation to a group of her ideal clients.  After listening for a few minutes and confirming my expectation that she'd be able to use the equipment over and over for similar presentations, I suggested that she think of the financial outlay as an investment rather than a cost.

"What's the difference," she sighed, "call it cost or investment, that money is just plain gone."  I understand the pain of having to pay a hefty unexpected expense, but you have to recognize the distinction between a cost and an investment in the business context..."

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Source: Life at the Bar, 19 May 2010. © Life at the Bar LLC Blog, reproduced with permission of the author.

Full post as published by Stark County Law Library Blawg on June 02, 2010 (boomark / email).