Every small-businessman or woman is aware of a painful truth: You have to spend money to make money. Funds that have already been spent, whether for labor, equipment, supplies or any other aspect of ...

Have you ever encountered a subpar hotel breakfast while on holiday? You don’t really like the food choices on offer, but since you already paid for the meal as part of your booking, you force ...

What happens when an entrepreneur realizes their project isn't delivering? It can create a crossroad between perseverance and prudence—the point where passion meets pragmatism. The resulting decision ...

The sunk or lost cost in economics refers to those retrospective expenses that have been made and that cannot be recovered over time. According to the Economipedia, sunk costs include money, time or ...

As some Republicans express buyer's remorse about Donald Trump's selection of J.D. Vance as the “worst choice” for vice president and Joe Biden ditches his stubbornness about staying in the 2024 ...

Most people are familiar with the expression "don't throw good money after bad." It's a nice and tidy saying, warning the listener against perpetuating bad decisions, a very rational thought. As ...