Comments on: Opportunity cost when starting a business http://monevator.com/2009/04/16/opportunity-cost-when-starting-a-business/ Make more money, invest profitably, retire early Sat, 11 Feb 2012 01:13:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Investor http://monevator.com/2009/04/16/opportunity-cost-when-starting-a-business/comment-page-1/#comment-22299 The Investor Thu, 28 Jan 2010 09:29:23 +0000 http://monevator.com/?p=1533#comment-22299 @Shannon - Thanks for stopping by and sharing your thoughts so extensively. Good luck with your dreams! @Shannon – Thanks for stopping by and sharing your thoughts so extensively. Good luck with your dreams!

]]> By: Shannon From New Zealand http://monevator.com/2009/04/16/opportunity-cost-when-starting-a-business/comment-page-1/#comment-22187 Shannon From New Zealand Wed, 27 Jan 2010 01:29:33 +0000 http://monevator.com/?p=1533#comment-22187 First time on this site, first post i've read, and I am very impressed and intriqued by the quality of posts on this site, I myself am soon embarking on the big wide world once I have finished my year 13 studies, this most certainly brings things into perspective. If you've got nothing or next to nothing to lose, than clearly you are more likely to give up the little you have taking the risk that some new business venture may take off, but if your set in your ways and don't need to bring risk into your life no matter how sure you are of success, there's no point in changing a seemingly uncomplicated life with the worries of starting your own business in this economic climate. Last year, I was offered a decent electrical training job, as it is my second passion next to economics, but I declined in order to remain in my studies, now with the recession it is extremely unlikely I would be able to get that job without 50 other applicants pushing the door down, I chose studying over a job, which would of lead me to financial security, so the opportunity cost was the job, of which is now alot harder to get. I would like to make the point that education is ultimately what is important here, that along with life experience will one day lead those to have it in them, to deal with the hassles of their own business, and will stand a much greater chance of success due to learning from lifes mistakes, times are tough, anyone going into business now has a much bigger chance of losing out than before. I live in a country where debt is mounting, welfare is rising and even though we are officially out of the recession 4500 people showed up for interviews for 160 jobs in our biggest city, alot of them had degree's and were simply desperate for work, is such a shame, and on a quick departing note, age also needs to be seriously taken into account as mentioned in this great article, those of in the 40-60 age bracket have much more to lose starting a business if they have left a secure job, as it's tough getting re-hired if things turn pear shaped, this is a disappointing truth in a ruthless world, a company will choose a young hot-shot straight out of University over a person 30 years in the business, as they have more years to offer to the company, I think that this is a large scale problem which leads to the downfall and demise of many great business men and women, I only hope once out of this recession, I will be able to make the most of my opportunities in life, I've got the years to do it, abit of common sense and some good mentoring advice from articles like these, hopefully I can't go wrong. Regards Shannon First time on this site, first post i’ve read, and I am very impressed and intriqued by the quality of posts on this site, I myself am soon embarking on the big wide world once I have finished my year 13 studies, this most certainly brings things into perspective.
If you’ve got nothing or next to nothing to lose, than clearly you are more likely to give up the little you have taking the risk that some new business venture may take off, but if your set in your ways and don’t need to bring risk into your life no matter how sure you are of success, there’s no point in changing a seemingly uncomplicated life with the worries of starting your own business in this economic climate.
Last year, I was offered a decent electrical training job, as it is my second passion next to economics, but I declined in order to remain in my studies, now with the recession it is extremely unlikely I would be able to get that job without 50 other applicants pushing the door down, I chose studying over a job, which would of lead me to financial security, so the opportunity cost was the job, of which is now alot harder to get.
I would like to make the point that education is ultimately what is important here, that along with life experience will one day lead those to have it in them, to deal with the hassles of their own business, and will stand a much greater chance of success due to learning from lifes mistakes, times are tough, anyone going into business now has a much bigger chance of losing out than before.
I live in a country where debt is mounting, welfare is rising and even though we are officially out of the recession 4500 people showed up for interviews for 160 jobs in our biggest city, alot of them had degree’s and were simply desperate for work, is such a shame, and on a quick departing note, age also needs to be seriously taken into account as mentioned in this great article, those of in the 40-60 age bracket have much more to lose starting a business if they have left a secure job, as it’s tough getting re-hired if things turn pear shaped, this is a disappointing truth in a ruthless world, a company will choose a young hot-shot straight out of University over a person 30 years in the business, as they have more years to offer to the company, I think that this is a large scale problem which leads to the downfall and demise of many great business men and women, I only hope once out of this recession, I will be able to make the most of my opportunities in life, I’ve got the years to do it, abit of common sense and some good mentoring advice from articles like these, hopefully I can’t go wrong.

Regards

Shannon

]]> By: Carnival of Net Worth #17 http://monevator.com/2009/04/16/opportunity-cost-when-starting-a-business/comment-page-1/#comment-5450 Carnival of Net Worth #17 Fri, 22 May 2009 04:23:05 +0000 http://monevator.com/?p=1533#comment-5450 [...] Investor presents Opportunity cost when starting a business posted at Monevator.com, saying, "Don’t believe the hype! You may have too much to lose [...] [...] Investor presents Opportunity cost when starting a business posted at Monevator.com, saying, "Don’t believe the hype! You may have too much to lose [...]

]]> By: The Financial Blogger » Blog Archive » Carnival of Financial Planning - April 25, 2009 Edition http://monevator.com/2009/04/16/opportunity-cost-when-starting-a-business/comment-page-1/#comment-5042 The Financial Blogger » Blog Archive » Carnival of Financial Planning - April 25, 2009 Edition Sat, 25 Apr 2009 10:36:40 +0000 http://monevator.com/?p=1533#comment-5042 [...] Investor presents Opportunity cost when starting a business posted at Monevator.com, saying, “Internet pundits will call you lazy or timid if you [...] [...] Investor presents Opportunity cost when starting a business posted at Monevator.com, saying, “Internet pundits will call you lazy or timid if you [...]

]]> By: * Weekly Highlights: April 19, 2009 http://monevator.com/2009/04/16/opportunity-cost-when-starting-a-business/comment-page-1/#comment-4974 * Weekly Highlights: April 19, 2009 Sun, 19 Apr 2009 16:14:34 +0000 http://monevator.com/?p=1533#comment-4974 [...] a motto? at Christian Personal Finance — A look at the words displayed on all U.S. currency.Opportunity cost when starting a business at Monevator — Are you thinking about starting your own business? Give this article a [...] [...] a motto? at Christian Personal Finance — A look at the words displayed on all U.S. currency.Opportunity cost when starting a business at Monevator — Are you thinking about starting your own business? Give this article a [...]

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