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The Hidden Costs in Business
Manage episode 346533689 series 3284121
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
—
Subscribe to my email newsletter
Advertising Inquiries: https://redcircle.com/brands
74 episoder
Manage episode 346533689 series 3284121
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
—
Subscribe to my email newsletter
Advertising Inquiries: https://redcircle.com/brands
74 episoder
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