Opportunity Cost Of Time Lost

Opportunity Cost

There’s a tough type of time to lose.

It’s not time lost relaxing or time given to friends (heck, you might be bright enough not to consider that time lost at all).

But time spent standing still, ruminating on decisions – we lose more than just time when we do that.

Every moment we’re not making a decision and taking action, there’s an opportunity cost of time lost.

If you take three months to decide to quit and start a new job, the opportunity cost is three months of having invested building your skills at the new job.

If you take a week to decide to submit for a speaking engagement, the opportunity cost is a week of others submitting themselves to speak and getting priority.

If you take more than five minutes to introduce yourself to someone beautiful at the coffee shop, the opportunity cost is that you’re more likely than ever to chicken out.

The best way to combat the opportunity costs of time is to set a deadline for yourself, and if you don’t meet the deadline, let it go.

Time spent agonizing and regretting a decision not made is just as bad as time lost with indecision, if not more.

Stay Positive & Onward

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Garth Beyer
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