Opportunity Cost

Opportunity Cost: the loss of other alternatives when one alternative is chosen.

No, friends! I am not a microeconomic theorist! You can take a big sigh of relief, I am still an evidence-based coach. But I mention this, because an awareness of Opportunity Cost can help with achieving your goals:

• What sense of joy will you miss if you choose to stay in bed and skip that sunrise?
• What connection will you forfeit if you keep checking your phone?
• What positive change will you deny if you choose to stay quiet?
• What personal growth will you avoid if you decide to not volunteer?
• What fun will you miss out on if you choose to stay home?

I am usually all about working towards a desired outcome but there is also benefit in working away from an undesirable result. The trick is to try each strategy on for size and work out which approach works best for you and under what circumstances.

Give it a go!

Tags: career-coaching, life-coaching, Melbourne