false economy Archives - Live And Love Out Loud

Posts Tagged‘false economy’

What is a False Economy?

One of the responsibilities of running a business is taking good decisions – not just when facing a crisis, but ensuring, as you make your plans that they are based in a pragmatic understanding of reality. Falling victim to fallacies in your thinking, from unfounded optimism to rampant egotism can lead to terrible results, not just for you, but for the people working for you. Today we’re looking at one of the fallacies of decision making that can do real harm to your business – the false economy. Saving Money It is, of course, important, to run your business efficiently and…