Resources

When we talk about whether we have enough resources most people assume it’s about money.

While money is certainly a factor, there are many other factors as well. Time, talent, personnel being just a few.

Another thing to take into consideration when dealing with resources is the opportunity cost. You might have the ability and money to build a house all by yourself BUT how much are you giving up to do that? Might it be cheaper to hire others to do the building while you do what you specialize in?

Managing resources is an extremely difficult and time consuming task. The better you plan your use of resources in the beginning the better you will be long term.

Just something to think about.

Have a great day!

Lawrence

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