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Making decisions as an entrepreneur can be overwhelming and downright exhausting. On today’s show, we talk about the importance of weighing opportunity costs in your life & business.
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Key Insights
- Key Insight #1 - We can only do so much we only have so many resources, time, money, energy.
- Key Insight #2 - We make so many decisions as entrepreneurs we forget to weigh the hidden costs
Timestamps
- [00:03] - What are opportunity costs
- [02:45] - Starting at the beginning with college - an example
- [04:55] - An example, the free dilemna
- [08:19] - The to do it yourself, or to hire conundrum
- [12:50] - The worst person for the job
- [14:04] - The often forgotten opportunity cost
- [16:08] - Actions
Resources Mentioned
- Leave Us a Review on iTunes - Let us know how you like the podcast. Ratings help more people who need the show to find it.
- Lifestyle Builders Starter Pack - Grab the templates and worksheets to help you get started as a Lifestyle Builder.
- Lifestyle Builders Incubator - Get the training, mentorship, and community support to launch your product or service.
- Apply For Coaching - Schedule a free discovery call with Tom to see if coaching can help take your business to the next level.
Actions to Take
- Tom's Action - Create your decision filters
- Ariana's Key Action - Remember that not making a decision, is a choice in and of itself!
