Have you ever gone to a movie and hated it from the very beginning, but stayed until the end anyway? Or gotten a bad meal at a restaurant and eaten it all despite not liking it? Then you understand the sunk cost fallacy. This fallacy is the root of the phrase “throwing good money after bad.” It’s also the cause of a lot of wasted time and effort everywhere from people’s personal lives to business.
In general, people don’t like admitting that they’ve wasted time or money. As a result, when a decision looks like it’s not panning out, you might feel like you can’t change your tactics. You want to “rescue” the effort you’ve spent on your original decision by putting in more time and more money. That’s completely normal! However, it’s not the most productive way to solve problems.
One example of the sunk cost fallacy in businesses can be found in the implementation of the monday.com Work OS. The platform is incredibly useful for a variety of tasks. However, it can also be difficult and even overwhelming to set up on your own. If you’ve decided to work with the monday.com platform, you’ve probably spent a lot of time trying to organize it to work for your team. But what if it’s just not clicking?
That’s when you might start experiencing the sunk cost bias. You’ve put all this time into setting it up alone. The answer must be to keep managing it by yourself, right? Well, no. Instead, you can honor the time and effort you’ve expended as the cost of learning you need help. Knowing when to hire a consultant is just as important as knowing when you can handle something yourself.
Keep reading to learn how you can move beyond the sunk cost fallacy and start actually solving your confusion by working with a monday.com expert.
If you’re reading this article, you’re probably already working with the monday.com platform. That means you’re in one of two situations: either the platform is perfectly meeting your needs and you have no problems, or you’re looking for ways to improve it.
The second scenario can lead you into the sunk cost fallacy. You’ve already committed to working with the platform in a certain way. You can become hesitant to change it, even if the status quo just isn’t quite cutting it. That’s completely understandable, but it’s not the best solution.
Instead, you could hire a monday.com expert and have them help you refine the program. While this requires moving on from the time you’ve spent working on it alone, it has many benefits like:
Just because you’ve always done things one way is no reason to stick with it forever. If you’re not getting the results you want, it’s time to change things up. By hiring a consultant, you can get more out of monday.com and make the most of your investment.
If you’re not sure whether it’s time to hire a consultant, don’t worry. There are a few key signs that can help you figure out when you’re starting to fall into a sunk cost bias. If any of the following situations sound familiar, it’s time to hire a monday.com expert.
The whole point of using the monday.com platform is to streamline the management process. It’s supposed to help you keep an eye on everything that’s happening all in one place. If it's not doing that, then something’s gone wrong.
You might be running into problems like these:
Any of these problems is an excellent reason to get outside help. You don’t have to beat your head against aspects of the platform that confuse you. Instead, work with an expert who can show you how to use it and even set up your monday.com Work OS to fit your needs.
Maybe the platform is up and running. Still, you seem to be stumbling across problems every day. When it works, it works great! Still, you’re spending a lot of time each day trying to understand the site or helping your staff figure out what they’re supposed to do. You’re noticing that all the time monday.com is saving you seems to have disappeared right into wrangling the site itself.
That’s a sign you need to work with an expert who can teach you and your staff some tips and tricks. Working with a monday.com expert can help you work out any kinks in your initial setup. A good consultant will also train you and everyone else using the platform to interact with it more effectively. Remember, monday.com is built to support your business. Bringing in an expert will help you make the most of it.
What if you think you’ve set up your monday Work OS effectively, but it just isn’t quite accomplishing what you want? The layout doesn’t feel right or it’s not quite structured for your team. As a result, you’re seeing improvements, but you’re not reaching your management goals. You can see the potential of the platform, but you don’t know how to unlock it to actually reach your targets.
A consultant can help you find the places where things aren’t clicking and improve them. There are hundreds of ways to fine-tune monday.com, so if your current setup isn’t working, another probably will. By working with an expert, you can stop wasting time trying to solve the problem alone and take advantage of their knowledge to get your projects moving again.
Maybe you’ve got everything set up and it’s working fine. You’re reaching your basic goals and the platform is showing its value. Still, you feel “stuck” and don’t know where to go from here. You suspect that you could get a lot more out of the platform, but you just don’t know how to get to that point. In that case, it’s time to hire a monday.com expert.
After all, experts are just that. They have the experience and knowledge to help monday.com operate at the highest possible level. If you’re looking for ways to maximize the results you achieve from the platform, you can bring in a consultant to help you discover the tools and tricks that will take you to the next level.
Not every consultant is equally effective. Before you hire someone to help you improve your monday.com Work OS, you should make sure you’re choosing the right person.
You get out of monday.com what you put into it. If the effort you’ve put in to get things set up isn’t paying off, it’s time to make a change. By bringing in a trained, certified monday.com expert, you can stop wasting your time and start getting results.
Polished Geek can help. We are a certified monday.com partner that’s dedicated to helping established companies get more from the platform. If you’re ready to escape the sunk cost fallacy and learn how to make monday.com work for you, reach out to schedule your free consultation today.
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