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The Fallacy of the Sunk Cost
Manage episode 423458226 series 3410462
Innehåll tillhandahållet av Scott D. Clary. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Scott D. Clary eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
The sunk cost fallacy is a dangerous trap that can hold entrepreneurs back from making smart, strategic decisions, but by recognizing the signs, overcoming psychological barriers, and fostering a culture of agility and experimentation, you can turn sunk costs into opportunities for growth and innovation.
Remember, the most successful entrepreneurs are not those who never fail, but those who know when to pivot and turn setbacks into strategic advantages.
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