The Hidden Costs in Business
Frameworks & Finance
English - November 09, 2022 11:01 - 15 minutes - 14.1 MB - ★★★★★ - 26 ratingsInvesting Business Careers Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: From Financial Advisor to Content Creator with Jeff Rose
Next Episode: Building a Life of Freedom with Brian Luebben
I talk a lot about the numbers of business, but what are the hidden costs?
Today I break down opportunity cost and sunk cost and how to make decision-making models that account for these and help you avoid the biases that are all too common.
To learn more about these biases, check out my newsletter editions on them:
How to avoid sunk cost fallacy and save your business money
Football, Food, & Opportunity Cost
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