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Identifying Opportunity Costs



When we make choices, opportunities are also lost. These are called opportunity costs. If you choose to do A, then B, C, and D are no longer available options. When we make these choices for our lives, we often sit back and question if we made the right decision. Today, I want to talk about identifying what your opportunity costs are before you make those decisions.


Some opportunities may be easy to figure out. You are offered a job. You already have a job. Choosing to say with the current job means losing the job offer, but taking the job offer means losing the job you have. But oftentimes, I wonder if we even realize what all of our options are before we decide on something and lose out on opportunities over the horizon.


Opportunities may not be clear cut. They might be doors you didn't think could be opened to you. When thinking about opportunities, we should not just look at our current situation and what is right in front of us, but rather think about what all of the possibilities are. Possibilities are opportunities.


"Possibilities are opportunities"

Map out what could be. You could brainstorm using a piece of paper and just writing stream of conscious. Or you could write out an actual brainstorm map with all the opportunities that come out of one topic and branch out from there.


But when you are faced with decisions. Don't sit with only the options you think you face in the now, but how it can impact you down the road- what else could this be leading you away from, or taking you to? Make sure you know what your decision truly means for your life path. It will help you feel more confident in the choices you make. But fair warning- choose to do something. Not making a decision is a decision in and of itself and it means staying in your current situation, frozen from moving forward.

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