Side Costs from Projects

In much of the project analyses that we have presented in this chapter, we have assumed that the resources needed for a project are newly acquired; this includes not only the building and the equipment, but also the personnel needed to get the project going. For most businesses considering new projects, this is an unrealistic assumption, however, since many of the resources used on these projects are already part of the business and will just be transferred to the new project. When a business uses such resources, there is the potential for an opportunity cost —

the cost created for the rest of the business as a consequence of this project. This opportunity cost may be a significant portion of the total investment needed on a project.

Retirement Planning For The Golden Years

Retirement Planning For The Golden Years

If mutual funds seem boring to you, there are other higher risk investment opportunities in the form of stocks. I seriously recommend studying the market carefully and completely before making the leap into stock trading but this can be quite the short-term quick profit rush that you are looking for if you am willing to risk your retirement investment for the sake of increasing your net worth. If you do choose to invest in the stock market please take the time to learn the proper procedures, the risks, and the process before diving in. If you have a financial planner and you definitely should then he or she may prove to be an exceptional resource when it comes to the practice of 'playing' the stock market.

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