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Assignment:
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 GYM 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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