Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
The High Cost of Doing Nothing > NetSparsh - Viral Content you Love & Share

The High Cost of Doing Nothing

Cost is sometimes a difficult term to define. Here, we are not simply discussing cost as it relates to selling price, but rather opportunity cost. The web site, "Mentors, Ventures and Plans" defines opportunity cost as "The loss of the next best alternative whenever a decision is made involving two or more options". "Investing in Options" defines it as "Choosing the best alternative means that you can't choose the next-best alternative. Opportunity cost is the next-best alternative that must be sacrificed in order to get something else you want. Opportunity cost can be thought of as the road not taken." Inactivity, or doing nothing, is usually the highest price paid and is often associated with great opportunity cost. Inaction is usually the worst decision one can make, made from a base of fear.

Many of us freeze when facing decisions. For some reason, decision making becomes complex, paralyzing and even painful for many people. It should not be this way. Making a decision is simply the act of choosing between alternatives. You must learn to weigh the implications of each possible decision and choose the outcome that is best for you and all others involved. For example, when your telephone bill comes due, you may choose to pay it or not. There are real obvious consequences for both actions. The situation becomes more complex however, when our human emotions enter the picture. For instance; you are offered a new job and must decide to leave your current position and move your family to a new location, hundreds of miles away..

What we often fail to realize, is that delaying important decisions or simply not making a decision at all, are actions that often impact us with the highest opportunity costs and worst case scenarios. Inactivity, or the lack of a decision, is actually a decision made, although one seldom made in our best interests. In this case, we unfortunately transfer over control of our lives to external forces and circumstances. We are now positioned to be at the mercy and decision-making of others. This is not your best scenario. There are often unusually high costs associated with doing nothing.

Decision making is actually a skill set that can be learned and refined. Like all skills, entering into a new area as a novice requires practice and application in order to improve. Keep in mind that you will indeed improve! Start small, with less important decisions involving less than crucial outcomes and gradually make more decisions on matters of greater importance. Soon, you will have few if any issues with making decisions. Learn to start small and work your way up, gradually extending your comfort zone in this area. A by-product of learning these new skills is that your confidence will surely improve as well.

Decision making need not be frightening. Think of it as a process that is your own, shedding any external pressure that others may be applying. Take your time, get your facts and choose the outcome that works best for you. Do not allow yourself to fall victim to the high cost of doing nothing.

Daniel Sitter is the author of the popular, award-winning e-book, Learning For Profit. Designed for busy people, this new book teaches simple, step-by-step accelerated learning skills, demonstrating exactly how to learn anything faster than ever before. Learning For Profit is currently available from the author's web site http://www.learningforprofit.com/ and a variety of online software and book merchants. Mr. Sitter is a contributing writer for several online and traditional publications. His expertise includes sales, marketing, self-improvement and general business topics.

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

PBS NewsHour

Why we need to stop sharing American Dream success stories
PBS NewsHour
Why would author Casey Gerald want people to stop highlighting success stories like his own? Gerald says he grew up on “the wrong side of the tracks” and went on to Harvard Business school. But he says celebrations of the American Dream distract from ...

and more »

Forbes

Three Simple Steps To Seasonal SEO Success
Forbes
'Tis the season for seasonal SEO. Now you're asking: “Wait, seasonal SEO. Is that even a thing? I thought SEO was a long-term strategy.” Yes, seasonal SEO is surely a thing -- a big thing -- that should work hand-in-hand with your long-term strategy.


Forbes

How UGLYS Bespoke Handmade Bags Achieved Great Success By Turning Convention Upside Down
Forbes
Designing luxury bags requires an appreciation and understanding of different processes. While some may appear intuitive, many aspects that contribute to design will be revealed through a series of well-crafted expertise handed down from generation to ...


Ames Tribune

Football: Iowa State freshmen underscoring success
Ames Tribune
Process isn't just a buzzword for Iowa State football coach Matt Campbell. It's the only way he knows how to navigate the rigors of a season. It's a mantra and singular focus he brought to Ames with him nearly three years ago. Now well into his tenure ...

and more »

KLAS-TV

Celebrating and appreciating the Bellagio's success on its 20th anniversary
KLAS-TV
LAS VEGAS - The Bellagio Hotel and Casino on the Strip celebrated its 20th anniversary Monday. On October 15, 1998, the casino resort opened its doors for the first time. From the casino floor to its world-renowned restaurants, the Bellagio is one of ...

and more »

Science Daily

Males have greater reproductive success if they spend more time taking care of kids
Science Daily
Even after multiple controls for dominance ranks, age and the number of reproductive chances they get, males who have these bonds with kids are much more successful." This research suggests an alternative route by which fathering behaviors might have ...


WPLG Local 10

Heat hoping continuity helps lead to success
WPLG Local 10
MIAMI - The Miami Heat are preparing for the 2018-2019 season. Much of the offseason surrounded trade rumors involving All-Star Jimmy Butler. More Heat Headlines. Jimmy Butler expects to start season with Minnesota per reports · Heat sign Justise ...

and more »

BBC News

Dragons' Den star says he owes his success to dyslexia
BBC News
Businessman and former Dragons' Den star Theo Paphitis has credited dyslexia for his success. Mr Paphitis told BBC 5 live's Wake Up to Money that the disorder, which affects reading, writing and spelling, had forced him to find solutions. That had ...


Deseret News

Analytical data supports narrative that Utah Jazz are primed for success this season
Deseret News
With the increase in analytics' popularity, people have devised countless different models to measure player and team success. Some might favor defensive performance more than others, or not be able to project well what a player might do coming off an ...

and more »

KSLA

11-year-old Shreveport chef cooks up success
KSLA
SHREVEPORT, LA (KSLA) - For 11-year-old Owen Osborne, there's no place like the kitchen. “My mom and dad really got me into cooking,” said Osborne, a Shreveport native. “From a very young age, I was in the kitchen helping my mom and dad make ...

Google News

Creating Success - Understand The Tao of Success

One of the most important aspects of creating success involves... Read More

Number One Killer Of Could-Have-Been Success Stories

Fear.Everything in this world has its opposite.Good has bad.Optimism has... Read More

Introducing 4 Indispensable Strategies For Success

I would like to use this medium to introduce my... Read More

Decisions Can Change Your Life

To realize that you determine the outcome of your own... Read More

Identity Theft - Defining Who We Are

Identity theft!We've all seen them. The commercials use the voices... Read More

How I Changed The World

There is no substitute for direct personal application. Information or... Read More

Top 10 Secrets to Success

Much has been researched, written and taught about success. One... Read More

There Is Room For Everyone At The Top

Do you believe that? Do you believe we can all... Read More

Sticktoitivity: Lessons Learned!

Walt Disney coined a special phrase for persistence and determination;... Read More

The Winning Edge Theory

One of the greatest challenges people face when trying to... Read More

Reach Your Goals - Friendly Competition

Friendly competition Get together with a group of like-minded friends... Read More

Your Words Have Power

You teach others how to treat you by how you... Read More

Success = Prosperity

Material or physical success is often measured by the level... Read More

True Success

I did it my way -Frank SinatraWhat is a successful... Read More

Imagine That

"See, I told you so," she emailed me, "it turned... Read More

Strategy - Personal and Business

Many different daily tasks require a strategic process to be... Read More

Is Your Life A Minefield ?

Why everything has to be so hard? What have I... Read More

10 Compelling Reasons to Stop Singing the Blues

Are you:- feeling unfulfilled and dissatisfied with your life?- ready... Read More

The Secret to Intense Focus By

One of the common elements you see in almost all... Read More

Do You Really Think So?

It's not new news. It's not some ethereal theory. It's... Read More

The Best Time for Action? No Time Like the Present...

Too often we wait for the 'right time' or 'the... Read More

How The Right Questions Can Change Your Life

Your own pressing needs, your long-standing frustrations, would benefit tremendously... Read More

Check Your Comfort Zone At The Door

No matter what goals and dreams you desire, there's a... Read More

There is a Technique that can Change Your Life, says Author

Do you feel like your stuck?No matter what you do,... Read More

Work Life Balance: Work Life a Balancing Act

Australians are loosing their laidback, carefree reputation, as we continue... Read More