Two weeks ago I purchased another unit, and it pushed me a little bit closer to my target number ten (10). Some years back I entertained the idea of reaching that goal by 2010, and with the continuous growth with my small enterprise, I am well on target.
Last week I was about to acquire another unit, but the price was a bit higher so I negotiated for a lower price. The deal seem to succeed at first, but it did not feel through for some reason. The reason why I would like to lower the price is the fact that ROI would be around 2 years, and it would put additional burden to my financial budget.
If I invest something at higher value, the risk is higher thus the emotional stress is also higher. The opportunity will of course be locked in my favor, but I can't afford the emotional burden. So if the the price is not lowered at my stipulated amount I am not buying. The opportunity cost is just not enough of a consideration.
The components that were factored in where; opportunity cost, emotional stress, financial overstrech, ROI.
A Talk from the CEA Chair
1 week ago