I’ve always thought that that’s an interesting phrase, “leaving money on the table.” I still sometimes get confused about what exactly it means, but I guess that the general idea is that you’re ignoring an opportunity to save money, or perhaps make more money. I think that it’s a pretty relevant phrase, especially in this day and age. I mentioned in a previous post how there are a lot of things which are made available for free nowadays. And this isn’t just free junk that’s being given away. A lot of it is really awesome and valuable stuff, such as software, that people have collectively put immense amounts of time in, but with the idea that their work is volunteer work. I think that it’s a really clear example of how people can be motivated by more than just profit.
I’m thinking for example about the free software that’s available out there and how it can be used by businesses when they are starting out. The situation right now has reached the point where the free software can do many of the things that paid software can do. So for example, a small company might need to install an Office suite in its computers in order to allow employees to easily work on documents. It can go the paid route and buy an Office suite, which most people used to do in the past. Or it can choose to download and install something like Libre Office, which also allows you to work on Word documents, spreadsheets and presentations, but which is available at no cost.
It doesn’t stop there. Again, there are web services out there which can offer people the option to avail of free transactions or transfers. So for example, you can send money for free to certain countries, given certain conditions. If this kind of opportunity is available, then it’s best not to leave any money on the table.