#29 The hidden costs that govern our business and life

In the second Mini MBA episode, we look at two related business concepts:

• Opportunity Costs

• and Return on Investment (ROI)

If you take a year off from work and do an MBA, this doesn’t just cost you $100k. During that same year, you could be earning your salary. So, your opportunity costs (for that year) are way above $100k.

A freelancer that takes on a project with a 50% discounted rate won’t be able to sell that time to a much better paying corporate gig if it shows up at a later point.

How can we best decide among different opportunities and their costs? One way is calculating ROI.

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