Business Notes: Opportunity Costs

The opportunity cost of starting a business venture refers to the benefits that could have been gained from an alternative project. If an entrepreneur invests their money and time into setting up a fashion business rather than a cafe, the opportunity cost is the rewards that could have been gained from the cafe.

Any decision to set up a business will involve an opportunity cost.
When choosing to set up a business you should be careful to consider what you are sacrificing. You need to be sure that you think it is really worth it.

- Esjae x


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