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Many fail to begin to understand the concept of opportunity cost. Being too diverse in your skills may mean that you lose out on higher-paying niche market work.
Jason
"Don't get stuck on stupid." --Lt. Gen. Russel Honore
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I was also thinking he could be trying to stretch his work.
I know i fall into that pickle from time to time. Even so most of the time even in these situations subbing out certain parts of projects still makes sense.
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When I was 19 years old I bought an auto repair shop. At that point I knew NOTHING. I started doing engine overhauls thinking there was big profit in them, I was wrong. Not only did they take too long but the probability for comebacks was high. I learned fairly quickly the key to success was smaller jobs, like brakes, oil changes, tune ups, etc. You are right to advise him & hopefully he will listen to you. I am now 73 and I know slightly more than NOTHING.
Dennis
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