Saying 'yes' to something automatically means saying 'no' to other possibilities. This is known as Opportunity Cost. It translates into the potential benefits that we miss by choosing one option over another.
Subconsciously we are aware that we can't do everything we want at the same time. However, when we are more aware of this concept, we can make better decisions.
MORE IDEAS FROM THE ARTICLE
Our first ideas are not always the best. At any given time, we have multiple options when it comes to spending our time.
We can't do everything. We have to make choices. When we get clear on our priorities, we will be able to eliminate many options and in the process, make better decisions.
It's easy to overlook the cost of hypothetical opportunities. But if neglected, opportunity costs will negatively impact your life, career, and relationships.
If you want to become more aware of opportunity costs in your career, prioritize the important work.
Make a list of your top 5 priorities, keep it in a visible place, and live according to those priorities.
Whoever you may be and the audience you are talking to, it is important to denote that people will tend to misunderstand whatever you post or publish online.
A simple misunderstood statement can lead to irreparable damage. So try to avoid ambiguity when writing and imagine that you're talking to a know-it-all who's out to get you stuck in a corner.
According to the author and psychologist Robert Cialdini, people resort to ‘fixed-action patterns’ in this fast-paced world, and authority plays a huge factor in the science of influence and persuasion. People listen to and trust an authority figure, as they are too busy to study everything in detail.
Word of mouth also works in the same way, as if someone is trusted by the people in our circle, we also tend to trust that person.
❤️ Brainstash Inc.