Overcoming Sunk Cost Fallacy In Business

How To Survive A Great Recession And Thrive Well Afterward

There's no doubt that the Covid-19 Pandemic brought upon us another great recession. Perhaps even much worse than the last. In this final episode of season one of The Location Independence Club, we speak to an online business owner who not only ended up out of work during the 2008-09 recession but started an online business that is thriving even today. Her story will inspire you to start your online business even during this time of uncertainty.  This episode was produced by Geneva Bell. Sound design & mix by Geneva Bell.  Special thanks to Jenny Ambrose. Season 1 - Episode 10. Support The Location Independence Club podcast today at https://www.patreon.com/theliclub [https://www.patreon.com/theliclub].

Overcoming Sunk Cost Fallacy In Business

Most online business owners experience sunk costs in some form or fashion. A sunk cost is an incurred cost or investment of time, that has already been paid for or invested in and cannot be recovered. But how much should sunk costs influence your business decisions? Does it even make a difference? One man shares his point of view on how to overcome sunk cost fallacy in business simply by shifting your mindset. This episode was produced by Geneva Bell. Sound design & mix by Geneva Bell.  Special thanks to Josh Summers. Season 1 - Episode 9. Support The Location Independence Club podcast today at https://www.patreon.com/theliclub [https://www.patreon.com/theliclub].

The Business Reality Check

Many new business owners think that starting an online business is pretty straightforward but is it really? There are so many unforeseen challenges new business owners face. How can you prepare for unchartered territory? One man shares his story on how his lack of knowledge about business turned into expensive lessons over the years and how you can avoid the same fate. This episode was produced by Geneva Bell. Sound design & mix by Geneva Bell.  Special thanks to Joe DiChiara. Season 1 - Episode 8. Support The Location Independence Club podcast today at https://www.patreon.com/theliclub [https://www.patreon.com/theliclub].

Escape The Corporate World: Create The Career of Your Dreams

If you're working for an organization and want to climb that corporate ladder, then you'll need to learn how to play the corporate politics game. But like any game, some are good at it and some aren't. If your corporate career leaves you stressed out, burned out, or just plain bummed out, you’re not alone. The good news is that there’s a way out and in this episode one man shares his experience of his great escape.  This episode was produced by Geneva Bell. Sound design & mix by Geneva Bell.  Special thanks to Robert Belle. Season 1 - Episode 7. Support The Location Independence Club podcast today at https://www.patreon.com/theliclub [https://www.patreon.com/theliclub].

The Importance of Standard Operating Procedures

Do you have standard operating procedures in place for your online business? Many online business owners fail to develop their SOP documents for their team members. With the right standard operating procedures, your business is well-equipped for things to work on their own. Hear how one woman took over the reins of her own life and started offering solutions to a chaotic business world. This episode was produced by Geneva Bell. Sound design & mix by Geneva Bell.  Special thanks to Melissa Gamarra. Season 1 - Episode 6. Support The Location Independence Club podcast today at https://www.patreon.com/theliclub [https://www.patreon.com/theliclub].