The Opportunity Cost of Doing Business.

Opportunity may be seen as the existence of a situation whereby it presents itself to an individual or group of individuals to profit in someway by pursuing it in a certain manner? The results may yield a favourable outcome for the pursuer(s) but the reason only a small amount of opportunity is exploited to present its rewards is that along with most opportunity comes an element of risk.It is almost possible to show this graphically illustrating the greater the potential, the greater the risk, e.g. A small business owner contemplates opening a bistro bar in a shopping centre with a potential yield of $100 000 per annum, risking $250 000 whereas Donald Trump may risk $100m on a new golf course development, with a potential yield of $10m per annumHence, in the world of business, the universal search is for opportunity! There is plenty out there so what stops us from taking it? As has been well documented throughout the years, people have vastly different attitudes to risk, thus by definition, vastly different attitudes towards opportunity. As a result many of these great opportunities are passed by in favour of security whereby the individual(s) dismiss the opportunity and move on? What governs this thought process?We constantly are told through various mediums not to miss out on this opportunity - by simple reasoning and the law of numbers - a great ally if one wishes to use it correctly - EVERY OPPORTUNITY CANNOT BE FLAWED! Therefore by failing to at least examine each opportunity is a gross mis-service to our experience in this life.What many of us fail to realise is that we are economists constantly involved in decisions and choice under the constraint of limited resources - great to have the opportunity to examine an opportunity but held back by a famous, or infamous, economic concept- opportunity choice.Opportunity Cost may be defined as the cost of choice, when output, time and money are limited. On a practical everyday level one may fail to even examine an opportunity, or examine an opportunity, but look at what this will cost to undertake.This is where our thought processes enter the debate. Aside from the natural character of the individual(s) involved; this may involve how we are taught to think from a young age. Are we bombarded by positive or negative thoughts and statements from a young age? Do we really believe that we will live forever and can take the assets that may be involved in an opportunity or have been accumulated over time with us? If we are lucky enough to have an opportunity it probably means we have been given an opportunity already. Circumstances, freedom from war, starvation or the basic need to devote every hour to survival- is it then correct, for us, even morally, to fail to examine an opportunity?Luckily, we have tools with which to examine opportunity. The ability to do our homework, freedom to access any amount of information to aid us in our evaluation, the law of numbers and the aforementioned favourable circumstances.Like them or not, the Americans produce great opportunity takers. Is this conditioning? They are certainly no cleverer than any other country's populace! They merely do their homework and apply the basics to each opportunity presented more than any other people.The underlying message must be to at least examine every opportunity using the basics, irrespective of the final decision, producing a circular process:Circumstances enable Opportunity. This gives us a chance to do our Homework. The Law of Numbers dictates that at least one Opportunity will work. The Opportunity Cost will help us make a Decision.This method of Opportunity Seeking cannot fail to produce results; whether or not they produce the desired results, one at least owes it to themselves and those not fortunate enough to have opportunity, to examine it properly. Presented by The Riches Pro

The Home Business Minefield!

Home business or home business opportunities are all the rage at the moment with everybody and his brother wanting to set up a business working from home. No wonder then that a huge industry of MLM cling ons has grown around this desire to succeed online. By cling ons I am not referring to those but ugly geezers off the star trek series but rather the hangers on that feed off a never ending supply of home business novices that attempt to make a go of the online business world. These bottom feeders of the home business industry don't actually produce anything of any real worth at all. They make their money peddling so called "internet secrets" or how to earn millions of dollars in no time at all whilst doing nothing from the comfort of your Caribbean beach condo. More likely they will be doing nothing from their beach condo whilst you pay for if. Most of these guys have never earned a dime from any of the methods they are trying to push onto you. Most of it is in fact the same old out of date re hashed stuff that's been repackaged or re branded about a zillion times over already. How many times do people have to be told. There are no free lunches and if something sounds too good to be true it most probably is. Or put another way you don't get anything for nothing in the real world you have to work for it. The John Doe set it and forget it marketing system is only working for John Doe, that's how he makes his money and he makes it out of you. So stop giving it to him because you may as well flush down the loo for all the good it will do you. This doesn't mean to say that you can't make a living from the internet working from home. In fact plenty of people are doing just that.Another thing, It may (or may not) interest you to know that most of the help and information you need to succeed online is free!. That's right its all out there at zero cost if you just go and look for it. That's the great thing about the internet, there is tons of information on just about anything and everything all absolutely scott free. In fact most of the stuff that folks are paying hundreds of dollars for is already out there on the net just waiting to be found.The shame of the home business industry is that is seems to attract people who can't wait to give their money away to some hair brained scam or another. It's as though the more outlandishly ridiculous the scheme the more eager they are to join in. It's no wonder that so many of these home business scams grow so quickly with a ready supply of suckers falling over themselves to throw their money at them. When the shop shuts and the phone goes dead they just go off in search of the next promise of internet wealth generation until they eventually run out of money.It's only after the home business newbie has been burnt a few times that they begin to realize there must be a better way. Well the great news for home business novices is that there is a better way. The ironic fact is that the better way is in fact not some super duper brand new system that beats as it sweeps as it makes multi zillions of dollars whilst you cruise the Caribbean surrounded by nubile virgins. No, it is in fact a very old tried and tested internet marketing system. Its called HARD WORK! and if you don't want to do it then you have no right to expect success in the home business industry. Look Here for More Good Information!