All businesses ultimately have a limit to the time and money they have at their disposal.

So there will always be some level of Opportunity Cost to consider. A trade-off.

But for small business especially, and Owner-Operator businesses in particular, the impact of Opportunity Cost is usually far greater. 

A bigger business usually has degrees to which they can trade-off one option over the other.

In a small business, it's often a case of all or nothing.

With a small business, the Opportunity Cost of Time can be far greater than Money.

And, in a small business, the impact of Opportunity Cost can also have significant personal implications too.

 

#time #money #resourceallocation #opportunitycost