Opportunity Costs in the Maker Space

Welcome back to The Laser Lounge at Pate Ranch, the podcast where we talk all things laser engraving, making, and running a successful business in the maker world. I’m your host, Alisha Pate, and today we’re diving into a topic that can make or break your business—opportunity cost. Every decision you make in your shop—whether it’s taking on a new custom order, buying a new machine, or spending time learning a skill—comes with a hidden cost. What are you giving up by saying ‘yes’ to one thing over another? Are you making choices that actually grow your business, or are you stuck spinning your wheels on low-value work? In this episode, we’re breaking down how opportunity cost plays into pricing, time management, and business growth—so you can make smarter decisions that move you forward instead of holding you back. Let’s talk about what’s really costing you money in your business… and how to fix it!