Stop Something Good to Invite Something Better into Your Business
May 20, 2024
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Exploring sunk cost fallacy in business decisions, reassessing services, team dynamics, and calendar schedule. Letting go of good things to invite in more alignment, calm, money, and impact. Online workshop for neurodivergent business owners to maximize joy, profit, and ease in ventures.
Question all aspects of your business for optimal alignment and success.
Let go of good things to welcome better opportunities for growth and success.
Deep dives
Sunk Cost Fallacy and Questioning Business Practices
The podcast discusses the sunk cost fallacy, where individuals put more value on past investments like time, money, and effort, rather than objectively assessing the best path forward. Neurodivergent business owners are encouraged to question all aspects of their business, from services offered to team structures, aiming to break down and rebuild for optimal alignment and success.
Letting Go of Good for Better Opportunities
The episode highlights the challenge of saying goodbye to things that are good in order to welcome even better opportunities. By continuously evaluating and questioning business choices, entrepreneurs can maximize joy, profit, and alignment. Examples include letting go of a beloved gym membership to free up time and mental resources for more beneficial activities.
Opportunity Costs and Business Optimization
Exploring the concept of opportunity costs, the podcast emphasizes the importance of considering what could be gained by letting go of current strategies or resources. By questioning the status quo, business owners can create space for growth and scalability. Examples include reevaluating long-term clients to open up opportunities for higher revenue and optimizing digital tools for enhanced efficiency.
In this episode, I’ll be sharing more about the concept of sunk cost fallacy and why we tend to hold on to things that we've already invested in, such as time, money, or effort, and how this affects our business decisions.
Whether it’s reassessing our business services, business model, team dynamics, or even our calendar schedule. I want to help you maximise your joy in life, your profit in business, your ease and flow and goodness of business and alignment of the business to you. And we don't just do that by only cutting out things that are not going well. We actually need to continually question everything that we're doing in our business and lives as well.
What can you let go of in your business, even if it's going well, that by letting it go you may likely invite in more good things, more calm, more alignment, more money, more chill, and bigger impact when all of that alignment is going on for you.