Send the following Big Idea to a friend:
Diminishing Returns
Another one of my favorite economic principles.
Quite simply: Let’s say you put 10 units of energy into a project. You get 100 units of return for those first 10 units of invested energy.
Now, let’s say that for every 10 units of ADDITIONAL energy you put into the project, you’re only getting 10 units of return.
Your returns are “diminishing.”
You no longer get anywhere near the return you once got. It may make sense to STOP investing additional units of energy into that project and put them into a NEW project that will yield far more significant returns.
Make sense?
…
What do you keep plowing away at in your life that has diminishing returns?
Is there a better place to put your energy?!!?
