The Largest Cost that Goes Unaccounted
The Largest Cost that Goes Unaccounted In an entrepreneurship class, you may learn that many entrepreneurs forget to consider their own time as a cost. In the class I was attending, nearly 70% of the aspiring entrepreneurs forgot to account their own time as a cost. This is an important consideration! Never forget your time! Okay, if you are not an entrepreneur, but a working individual, chances are you’ve been to a meeting. The same concept applies, don’t waste your time (or anyone else’s for that matter). I’d argue that in many businesses, the largest unaccounted cost is the cost of meetings. The actual cost and the opportunity costs. When hosting a meeting it is important to consider the cost and compare it to the return on investment. Is the meeting worth it? · ...