LEARN TO COUNT THE COST BY AKEELIA THOMPSON

Happy New Year, Creativepreneurs! ?? Thank you for being part of this journey and a warm welcome to those just joining us. As we set our sights on 2025, let's continue growing together—share this article with someone who needs it.

In business, cost is more than just an expense—it’s a strategic factor that shapes success. Most entrepreneurs will tell you they’re in business to make money, but have you ever considered that some costs might be too high to justify? Not every opportunity, collaboration, or investment aligns with your long-term vision. The key is discerning which costs fuel growth and which drain your resources.

The Real Cost: More Than Just Money

Business isn’t just about financial profit—it’s about balance. Something even more precious and equally important is the cost on your mental health. This past January, I learned a valuable lesson that I believe will shape how we move forward this year.

I recently had to walk away from a contract that was costing me more than it should—not just in money but also in energy, peace, and alignment with my purpose. As creativepreneurs, our goal is to build structured systems that sustain our businesses while meeting our needs. But what happens when the cost is simply too high?

When to Let Go: The Cost Analysis Formula

Before committing to an opportunity, use this simple equation to assess whether it's worth the investment:

Total Benefit (TB) = Financial Gain (FG) + Growth Potential (GP) + Alignment with Goals (AG) - Mental & Emotional Cost (MEC) - Time Drain (TD)

If TB > 0 → Proceed If TB < 0 → Reevaluate or Let Go

Signs That It’s Time to Walk Away:

?? Financial strain – If the revenue generated is barely covering costs or leading to losses.

?? Emotional exhaustion – If the stress outweighs the satisfaction of the work.

?? Lack of Alignment – If the project doesn’t align with your core values and long-term vision.

?? Time Inefficiency – If it’s taking too much time away from higher-value opportunities.

Reframing Cost: An Investment or a Liability?

Not all costs are created equal. Some investments yield long-term returns, while others slowly drain your resources with little to no reward. The key is distinguishing between the two. Ask yourself: Is this expense (whether time, money, or energy) contributing to my growth, or is it merely a recurring drain? A business deal, a collaboration, or even a client relationship should feel like a strategic move—not a weight pulling you down. The moment you realize you're constantly overextending, undercharging, or sacrificing your well-being, it’s time to reassess. Because true success isn’t just about earning more; it’s about thriving holistically.

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The Power of Letting Go

Sometimes, walking away creates space for better opportunities that align with your services, values, and personal well-being. If something is draining your creativity, joy, or focus, it might be time to reassess.

This year, let’s be intentional about the investments we make—both financial and personal. Here’s to a year of smart decisions and sustainable success!

So, take these lessons to heart and get ready to level up your creativepreneurship. Your future self will thank you!

As always, I have a question for you: Have you ever been in a situation where you had to count the cost?

Thank you for being a part of this vibrant community. Here’s to running your business smoothly and creatively!

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