WHAT’S YOUR RISK TOLERANCE

Over the last decade or so I have been on a course to become the best me I could be. After countless hours of studying, failing, personal development, mentoring and failing, did I say failing already. I have discovered a principal within this process that many people try to avoid.

In trying to avoid this key element of success, many people find themselves living unfulfilled lives and basically reducing their potential greatly.

What is this all important key? RISK!!! Yep, I said it, if you are ever going to reach further, climb higher and do more than you ever thought possible, you are going to have to take risk. Now I know you don’t like hearing this, you don’t like to live on what others classify as the wild side of life.

However, whatever you want to accomplish on an enormous scale, there will always be great risk involved. And yes, the bigger the dream, vision or desire, the bigger the risk.

Now there are four basic things we can do with risk. Number one, we can transfer it. This rarely works with dreams and visions, but when you are driving your car there is risk. So each of us have transferred that risk to our insurance companies. The next thing you can do is avoid risk. How do we avoid risk, by putting that dream right on the shelf and leaving it alone. Thirdly, we can reduce risk, by studying, getting with the right people and so on. Lastly, we can accept risk, this is the route I would suggest for anyone wanting to achieve great things.

When we accept the risk that is related to our goals and dreams, we are in a more powerful position. Why would I say that? Because now you have the opportunity to plan and prepare for the risk, instead of it catching you off guard.

What I have found to be true in my life and other successful people is that accepting risk will break you away from the pack. There is risk in almost everything we do. When you go out to eat, there is a risk, so what do we do. We try and find what we think are respectable places of business, to reduce a bad eating experience. We ask for recommendations from other people. We sometimes read reviews of local restaurants. This is all done after we have accepted the risk, now we do everything in our power to reduce the risk.

This simple example can be applied to all aspects of life, whether you want to start a business, invest money or get married. You have the power to accept the risk and than do your due diligence to reduce the risk.

Well I hope this information will assist and help you in your future adventures.