I have massively been underestimating my intangible costs for decades. And it has had a huge impact on my effectiveness. First of all, I had no idea what intangible costs were until I learned about them in business school. But, when I applied the concept to my everyday life, I realized I needed to make some changes.
Just because something is not costing you folding dollars in a business to produce, it doesn’t mean that it is free. It may bring with it some intangible costs.
So, what are intangible costs? Great question.
Intangible costs
Investopedia says, “An intangible cost is a cost that can be identified but cannot be quantified or easily estimated. Common intangible costs include impaired goodwill, loss of employee morale, or brand damage. While not directly measurable, intangible costs can have a very real impact on a company’s bottom line.”
People tend to pay more attention to tangible costs in producing a product — raw materials, cost of labor, marketing costs, etc. But almost every process has an intangible cost as well. And sometimes that intangible cost is pretty darn expensive.
A company might increase the output expectation on employees to increase productivity and thus, profit. But, the intangible cost of that is a lower employee morale. That lower morale could lead to less engagement at the workplace and employee turnover. And those turnovers might cost more than the money saved by increasing output expectations.
Personal intangible costs
For me, one of my biggest intangible costs in my everyday life was the amount of space projects take up in my brain. For instance, a few years ago, I agreed to be the secretary of the parent board at my child’s school. You know, those groups of moms and dads that organize fundraisers, barbecues, and raffle items to raise money for teacher appreciation.
They told me that the position would only take up a few hours per week of my time and that I would only have to hold the position for a year. So, I agreed. But, the intangible cost was high.
The parent board president was correct that the tasks of my new position wouldn’t be intrusive in my life time-wise. The problem was that it was one more thing added to my already full plate of to do’s. It was another iron in the fire that caused just a little bit more stress in my life. And it took away my attention from more important things like spending time with my family and building my business.
I realized as I was trying to take notes during a meeting, cook family dinner, and keep my kid busy (playing legos in front of Netflix), that the intangible costs of this obligation were too high to keep it on my plate. At the end of the year, I politely declined to stay on and I’m much better for it.
https://www.australasiandarkskyalliance.org/profile/ver-cuevana-doctor-strange-2-2022-online-en-espanol-y-latino/profile
https://www.raceofchampions.com/profile/ver-cuevana-doctor-strange-2-2022-online-en-espanol-y-latino/profile
https://www.networksofopportunity.org/profile/watch-top-gun-maverick-free-online-heres-how/profile
https://www.networksofopportunity.org/profile/how-to-watch-top-gun-maverick-online/profile
https://www.networksofopportunity.org/profile/top-gun-maverick-google-drive/profile
https://www.gofarm.org/profile/watch-top-gun-maverick-2022-free-online-heres-how/profile
https://www.gofarm.org/profile/how-to-watch-top-gun-maverick-online/profile
https://www.gofarm.org/profile/top-gun-maverick-google-drive/profile
https://www.imdb.com/list/ls565785174/
https://www.imdb.com/list/ls565785477/
https://www.imdb.com/list/ls565785412/
https://www.imdb.com/list/ls565785433/
https://www.imdb.com/list/ls565785465/
https://www.imdb.com/list/ls565785469/
https://www.imdb.com/list/ls565785429/
https://www.imdb.com/list/ls565785441/
https://www.imdb.com/list/ls565785490/
https://www.imdb.com/list/ls565785498/
https://www.imdb.com/list/ls565785488/
https://www.imdb.com/list/ls565785904/
https://www.imdb.com/list/ls565785955/
https://www.imdb.com/list/ls565785958/
https://www.imdb.com/list/ls565785978/
https://www.imdb.com/list/ls565787506/
https://www.imdb.com/list/ls565787023/
https://www.imdb.com/list/ls565787532/
https://www.imdb.com/list/ls565787701/
https://www.imdb.com/list/ls565787734/
https://www.imdb.com/list/ls565787794/
https://www.imdb.com/list/ls565787130/
https://www.imdb.com/list/ls565787142/
https://www.elizabethtownshippa.com/profile/crime-city-full-version-watch-online/profile
https://www.raceofchampions.com/profile/topgunmaverickonline/profile
https://www.raceofchampions.com/profile/hk-sub-top-gun-chinnese-hd/profile
https://www.hihonor.com/es/club/topicdetail/topicid-24848/
https://www.hihonor.com/es/club/topicdetail/topicid-24849/
https://www.hihonor.com/es/club/topicdetail/topicid-24850/
https://www.hihonor.com/es/club/topicdetail/topicid-24851/
https://www.hihonor.com/es/club/topicdetail/topicid-24852/
https://www.hihonor.com/es/club/topicdetail/topicid-24853/
https://www.imdb.com/list/ls565789796/
https://www.imdb.com/list/ls565789102/
https://www.imdb.com/list/ls565789150/
https://www.imdb.com/list/ls565789173/
https://www.imdb.com/list/ls565789119/
https://www.imdb.com/list/ls565789136/
https://www.imdb.com/list/ls565789166/
https://www.imdb.com/list/ls565789121/
https://www.imdb.com/list/ls565789149/
https://www.imdb.com/list/ls565789191/
https://www.imdb.com/list/ls565789183/
https://www.imdb.com/list/ls565789301/
https://www.imdb.com/list/ls565789356/
https://www.imdb.com/list/ls565789373/
https://www.imdb.com/list/ls565789317/
https://www.imdb.com/list/ls565785174/
https://www.imdb.com/list/ls565785477/
https://www.imdb.com/list/ls565785412/
https://www.imdb.com/list/ls565785433/
https://www.imdb.com/list/ls565785465/
https://www.imdb.com/list/ls565785469/
https://www.imdb.com/list/ls565785429/
https://www.imdb.com/list/ls565785441/
https://www.imdb.com/list/ls565785490/
https://www.imdb.com/list/ls565785498/
https://www.imdb.com/list/ls565785488/
https://www.imdb.com/list/ls565785904/
https://www.imdb.com/list/ls565785955/
https://www.imdb.com/list/ls565785958/
https://www.imdb.com/list/ls565785978/
https://www.imdb.com/list/ls565787506/
https://www.imdb.com/list/ls565787023/
https://www.imdb.com/list/ls565787532/
https://www.imdb.com/list/ls565787701/
https://www.imdb.com/list/ls565787734/
https://www.imdb.com/list/ls565787794/
https://www.imdb.com/list/ls565787130/
https://www.imdb.com/list/ls565787142/
https://www.imdb.com/list/ls565784742/
https://www.imdb.com/list/ls565784360/
https://www.imdb.com/list/ls565784606/
https://www.imdb.com/list/ls565784660/
https://www.imdb.com/list/ls565784683/
https://www.imdb.com/list/ls565784229/
https://www.imdb.com/list/ls565784290/
https://www.imdb.com/list/ls565784286/
https://www.imdb.com/list/ls565784450/
https://www.imdb.com/list/ls565784477/
https://www.imdb.com/list/ls565784468/
https://www.imdb.com/list/ls565784445/
https://www.imdb.com/list/ls565784490/
https://www.imdb.com/list/ls565784484/
https://www.imdb.com/list/ls565784954/
https://www.imdb.com/list/ls565784804/
https://www.imdb.com/list/ls565784810/
https://www.imdb.com/list/ls565784835/
https://www.imdb.com/list/ls565784865/
https://www.imdb.com/list/ls565784821/
https://www.imdb.com/list/ls565784893/
https://www.imdb.com/list/ls565784884/
https://www.imdb.com/list/ls565789008/
https://www.imdb.com/list/ls565789058/
https://www.imdb.com/list/ls565789017/
https://www.imdb.com/list/ls565789097/
https://www.imdb.com/list/ls565789085/
https://www.imdb.com/list/ls565789088/
https://www.imdb.com/list/ls565789504/
https://www.imdb.com/list/ls565789559/
https://www.imdb.com/list/ls565789106/
https://www.imdb.com/list/ls565789113/
https://www.imdb.com/list/ls565789134/
https://www.imdb.com/list/ls565789162/
https://www.imdb.com/list/ls565789143/
https://www.imdb.com/list/ls565789350/
https://www.imdb.com/list/ls565789372/
https://www.imdb.com/list/ls565789336/
https://www.imdb.com/list/ls565789366/
https://www.imdb.com/list/ls565789329/
https://www.imdb.com/list/ls565789653/
https://www.imdb.com/list/ls565789678/
https://www.imdb.com/list/ls565789630/
https://www.imdb.com/list/ls565789661/
https://www.imdb.com/list/ls565789622/
https://www.raceofchampions.com/profile/Regarder-Detective-Conan-La-Fiancee-de-Shibuya-Film-HD/profile
https://www.raceofchampions.com/profile/Voir-Detective-Conan-La-Fiancee-de-Shibuya-2022-complet-en-ligne/profile
https://www.raceofchampions.com/profile/regarder-un-film-Detective-Conan/profile
https://www.raceofchampions.com/profile/regarder-the-batman-Film-Complet-en-HD/profile
https://www.raceofchampions.com/profile/Voir-Batman-2022-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-The-Batman-Streaming-VF/profile
https://www.raceofchampions.com/profile/Regarder-top-Gun-Maverick-2-Film-gratis/profile
https://www.raceofchampions.com/profile/Voir-Top-Gun-2Maverick-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Top-Gun-2-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Sonic-2022-Film-Complet-en-Francais/profile
https://www.raceofchampions.com/profile/Voir-Sonic-2-le-film-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Sonic-2-le-film-2022-Film-Streaming-VF/profile
https://www.raceofchampions.com/profile/Regarder-Hommes-au-bord-de-la-crise-de-nerfs-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Hommes-au-bord-de-la-crise-de-nerfs-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Hommes-au-bord-de-la-crise-de-nerfs-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Don-Juan-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Don-Juan-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Don-Juan-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Doctor-Strange-in-the-Multiverse-of-Madness-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Doctor-Strange-in-the-Multiverse-of-Madness-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Doctor-Strange-in-the-Multiverse-of-Madness-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-The-Northman-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-The-Northman-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-The-Northman-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Jadore-ce-que-vous-faites-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Jadore-ce-que-vous-faites-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-jadore-ce-que-vous-faites-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Downton-Abbey-II-Une-nouvelle-ere-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Downton-Abbey-II-Une-nouvelle-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Downton-Abbey-II-Une-nouvelle-ere-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Les-Animaux-Fantastiques-3-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Les-Animaux-Fantastiques-les-Secrets-de-Dumbledore-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Les-Animaux-Fantastiques-les-Secrets-de-Dumbledore-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Quest-ce-quon-a-tous-fait-au-Bon-Dieu-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Quest-ce-quon-a-tous-fait-au-Bon-Dieu-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Quest-ce-qu-on-a-tous-fait-au-Bon-Dieu-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-Les-Bad-Guys-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-Les-Bad-Guys-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-Les-Bad-Guys-Film-Streaming-VF-en-ligne/profile
https://www.raceofchampions.com/profile/Regarder-365-jours-2-2022-Film-Complet-en-Francais-HD/profile
https://www.raceofchampions.com/profile/Voir-365-Jours-Au-Lendemain-2022-Film-complet-en-ligne/profile
https://www.raceofchampions.com/profile/Voir-365-Jours-Au-Lendemain-2022-Film-Streaming-VF-en-ligne/profile
https://pastelink.net/lb84y7md
https://ideone.com/1nEIlt
https://p.teknik.io/lgR01
https://bitbin.it/nUfE5wvx/
https://notes.io/qeBY5
https://controlc.com/9e50d517
http://cpp.sh/9deuq
https://paste2.org/ZGGpD7wD
https://rentry.co/ssiog
https://ide.geeksforgeeks.org/4a875503-f01d-45ed-852e-662066666b1d
https://paiza.io/projects/WOFkEgnZ89YtEnV9tfdyYw
https://paste.tbee-clan.de/hpNTS
https://pastebin.com/XaMnYzav
https://jsfiddle.net/fhqczrk6/
https://pasteio.com/xJAXCPIrpRnT
https://m.mydigoo.com/forums-topicdetail-464772.html
https://www.click4r.com/posts/g/4493493/weriuhwerouweroiu
https://public.flourish.studio/visualisation/10194973/
https://zenodo.org/communities/weuhrewrhwiur
https://dkhullnew.hashnode.dev/qweuhqweghqwiue
https://koplakkaplok.cookpad-blog.jp/articles/721188
https://www.cakeresume.com/portfolios/wqeiuhwqelihwqieu
https://www.rw-forum.com/topic/149526-weierhthlerhtlerhtetertret/
https://minimore.com/b/mksoJ/4
https://writeonwall.com/weriuhweriuwehriwer/
https://www.techrum.vn/threads/weiitrtryjrtyhjnfgkjh.594966/
