Startup Operators: Improve Decision-Making by Using an Opportunity Cost Framework

making opportunityThe first framework I teach to folks I work with is opportunity cost. Translated from tutorial economics jargon, the chance value of any given action is the worth that taking the subsequent-best choice would bring.This is one of my favorite frameworks for making decisions. As a lot as creating opportunities is based on doing, it’s also about how you do it. Being a good person and placing positivity into the Universe invitations good issues to happen in return.

It is usually mentioned that it’s not what you know, however quite who you understand that issues. With this in thoughts, it’s … Read More

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