I recently heard an economist identify “opportunity costs” as “the most useful idea in economics”. That comment sparked this Business Lesson Found.
According to Investopedia “opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another.” (more…)
Last week’s ritual of turning our clocks back is a business owner’s dream: We gained an extra hour to accomplish our goals! This bonus hour suggests a Lesson Found.
This annual 25-hour day is not so much of a Lesson Found as a reminder. Time is our most precious asset. There are only 24-hours in the day and 7-days in a week. But how are we using our time and how much of it do we control? (more…)