Maximizing Value: A New Perspective on Effort
When it comes down to it, the value of your time and effort is key in making decisions. Whether it’s determining the return on investment from hiring a freelancer, the joy you get from pursuing a hobby, or the output of a machine, understanding the value created is essential.
While not everything can be measured purely on an ROI basis, starting with a comparison of alternatives is a good starting point. Too often, we get caught up in the effort it takes to address a situation or the sunk costs involved. Rather than focusing on what’s worth our attention, we default to what’s familiar or comfortable.
It’s important to shift our mindset and consider the choices we have each day about where to invest our focus. By recognizing the value we can create through our efforts, we can make more informed decisions that lead to greater rewards.