Learn more about problemsolving with this collection
How to avoid email overload
How to organize your inbox
How to write effective emails
Risks of Ignoring The Opportunity Cost
It's easy to overlook the cost of hypothetical opportunities. But if neglected, opportunity costs will negatively impact your life, career, and relationships.
- Working on autopilot means you put in the hours and get paid, but you end up with nothing: no important knowledge, experience, or assets. If you want to have a satisfying career, you can't afford this.
- Missed Return On Investments (ROI). Our time and resources are investments. Ask yourself if you could be spending your time on something more effective.
151
674 reads
MORE IDEAS ON THIS
Prioritize Your Options
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.
144
587 reads
Opportunity Cost
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 ...
166
964 reads
Eliminate Options
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...
129
622 reads
CURATED FROM
Opportunity Cost: Master Your Options—Master Your Career - Darius Foroux
dariusforoux.com
4 ideas
·2.84K reads
CURATED BY
For every question, there is an answer. For every problem, there is a solution. For everything else, there is an explanation.
Related collections
More like this
Opportunity Cost Calculations
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 ...
Opportunity Cost: You Can Do Anything but Not Everything
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.
Learn to Evaluate Life Choices Via the Lens of Opportunity Costs
- 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 ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates