Overcoming Sunk Cost Fallacy In Business
Overcoming Sunk Cost Fallacy In Business
Overcoming Sunk Cost Fallacy In Business
Most online business owners experience sunk costs in some form or fashion. A sunk cost is an incurred cost or investment of time, that has already been paid for or invested in and cannot be recovered. But how much should sunk costs influence your business decisions? Does it even make a difference? One man shares his point of view on how to overcome sunk cost fallacy in business simply by shifting your mindset.
This episode was produced by Geneva Bell. Sound design & mix by Geneva Bell. Special thanks to Josh Summers. Season 1 - Episode 9.
Support The Location Independence Club podcast today at https://www.patreon.com/theliclub.
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The Location Independence Club Podcast
Ready for location independence? Listen each week to the stories of digital nomads who kicked traditional 9-5 jobs to the curb and embraced financial and lifestyle freedom.No more corporate grind; the only boss we answer to is ourselves. We work hard but everyday is like a vacation. It’s a lifestyle—the laptop lifestyle—which allows us to work smarter not harder. It’s better for us, our families and the economy. In each episode, we challenge listeners to see the world through the eyes of a location independent entrepreneur. You’ll laugh, cry, learn, and be inspired to join our club. Support this podcast: https://podcasters.spotify.com/pod/show/geneva-bell/supportJoin Podchaser to...
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