Unlock 3 Transformative Skills for Elevated Strategic Decision-Making as a Small Business Leader

Failing to weigh opportunity costs can destroy a small business.

When you don’t, you’re steering a ship through turbulent waters, and every decision you make charts a course toward possible disaster.

You have limited time, resources, and energy, so wasting any of it on poor choices or distractions is equivalent to tossing your hard-earned cash into a bonfire.

Perhaps even worse, all that time you invested can be, POOF, gone. Wasted! Mastering how to analyze opportunity costs is not a luxury — it’s a necessity.

These are the three essential skills you need to make strategic decisions based on opportunity cost.

Skill 1: Decision-making

Let’s not tiptoe around this: Your assumptions can be a corrosive acid, silently eroding the foundation of your strategic decisions.

The first step is awareness.

Know what assumptions you have, list them, and force the opposite to be true. This mental exercise can provide incredible insights, leaving you less vulnerable to poor judgments.

Then, there’s feedback which can help you navigate your North Star.