In 200 words do the following, this is due FEB 6th 2025 at 11Am
Consider the following scenario in relation to your venture and determine the opportunity cost of leaving your job to become an entrepreneur. You currently make $X per year at your job plus benefits (equal to 30% of your salary) (you don’t have to publicly state your salary – just the opportunity cost). On January 1 of the New Year, you start your own business. After the first year, your accountant informs you that you made $45,000 and out of that you paid $6,000 for health insurance. What was your opportunity cost? If your opportunity cost is higher than you would like, how can you lower your opportunity cost in the future years?
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