You may have heard the (untrue) story about Bill Gates once dropping a $1,000 note in the street. A passerby pointed this out to him, but he kept on walking on – because it was not worth his time to turn around and pick it up.
The story above simply explains the powerful concept of opportunity cost.
What exactly does “opportunity cost” mean, and how is it relevant to me? Opportunity cost for the commercial property industry is explained below – in two ways.
Life is about options – you choose which format works best for you:
2 minute 20 seconds watch