Consider Opportunity Costs

Many people and organizations fail to take into account the various opportunity costs.

• We need to actively question ourselves about the alternatives that may be missed out by deciding on a particular option.
• The often neglected cost of waiting too long is also a ...

• You live in a world where you must therefore make choices. You cannot avoid regret since there are opportunity costs for every choice you will make.
• Everything in life is about opportunity costs. Every time you say “yes” to a choice, you are also saying “no” to everything else you ...

When mulling over multiple choices, the quality of any option cannot be assessed in isolation from its alternatives. The price you pay (or the sacrifice you make, or the benefits you give up) for doing what you’ve chosen to do instead of doing something else is the opportunity cost.