Sunday, September 2, 2007

Opportunity Costs in Your Personal Life

When you look at a project ahead of you or your firm, what's the first thing you usually do? If you are anything like me, the first thing you do is give it the "once over." A quick overview of the whole just see what you are jumping into.

That sort of evaluation can be effective in your own life as well. Prior to committing yourself to a decision, it is often a good idea to evalute the alternatives; consider the opportunity costs. This applies whether you are moving to a new location or eating a cheese burger. There may be better things that you could be doing with your time, health or money that are better alternatives. What career choices could be better alternatives?

I'm going to keep it short tonight. Whatever you do with your life, look before you leap and consider the alternatives first.

--------Sincerely, Trevor Stasik

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