Tuesday, November 11, 2008

Learn To Cut Your Losses

Sometimes you need to cut your losses of time and effort when a financial investment is not performing or a negotiation has come to a stand still. Cutting your losses is difficult emotionally because of the perception that I have already invested so much. However, the sober way of looking at it is to view any continued, future investment in a negotiation or financial instruments as a new decision to make an investment from now on out. What happened yesterday is sunk cost and should not go into the decision making process at all. Learn to cut your losses.

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About the Author

Urban Gavelin a native Swede with more than twenty five years of business experience. He has held positions as director of sales- marketing- and business development on Nordic, European and World Wide levels. Urban has lived and worked in Stockholm, London and New York, now works primarily with leadership development and sales training and is a credentialed coach. He has studied Executive Management at Lausanne Business School and Stockholm School of Economics.

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