Ted Chan

My Views of the World and Internet Marketing

Ted Chan header image 2

Counting the Cost

May 11th, 2007 · No Comments · Uncategorized

We need to sit down and take a look at what it is that we are trying to achieve or attain, then take a look at the time frame that we want to achieve it in, and what the costs of it are.

Nothing is attained without effort or cost. It may be “Free” to you, but someone, somewhere is paying for it.

It can cost you, your time, money, energy, relationships, such as friendship, family, business etc.

Have you gotten a free ticket to a show before? What did you have to do in order to get the ticket? You had to fill out a survey, answer some questions. You invested your time, energy, attention and opportunity cost into that “free” ticket.

When you begin a project, you need to sit down and create a plan for the time frame, the cost and possible contingencies (or Plan B’s, in case Plan A doesn’t work).

Now sit down and write down all the costs that will be entailed in achieving your goal or object. How much money is it going to take, how much time, will there be a commitment for it, how much energy will it require from you.

If after having sat down and planned all this out you realize that the cost is not worth it for you then it’s a good time to stop and either change your goal or just get rid of it totally.

Many times we begin a project without first sitting down to determine what it will cost, and it ends up sucking the life and energy out of us because we didn’t first sit down and take a look at everything.

Suppose a friend of yours wants to build a house. Won’t he first sit down and estimate the cost, create a blueprint and draw up plans to build the house?

If he lays the foundation and is not able to finish building the house, won’t others laugh and poke fun at him by saying “that guy started to build a house but wasn’t able to finish.”

Tags:

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment

« Back to text comment