Risks - Yikes, I am a very cautious person and risk scares me! My father is a natural entrepreneur and is able to do what this chapter talks about naturally. I wish I had a better sense of seeing risks as opportunities! The authors advice "strategically pursue only those opportunities with enough upside to justify the possible downside. It's one of the key skills that makes entrepreneurs successful." (pg 176.) He goes on to explain not to be carelessly risky but to make intelligent risks.
When debating on a risky opportunity this is a good question to ask: "If the worst-case scenario happens, would I still be in the game?" (pg. 180)
The author explains that sometimes, the riskier people are more prepared in the long run then those that are less risky with career choices. Less risky now can mean very risky later. As an example he talks about a realtor. They have a very risky job, no set income or consistency. This is very risky, however, a realtor has become adapt to managing and will be prepared and able to pivot and change when necessary when needed. A reliable job, Monday thru Friday, 8-5:00 suddenly layed off can be very risky for the individual who doesn't know how to manage like the realtor who is used to it. This was a new way to look at risk for me - maybe this perspective will help me push myself out of my comfort zone and take a few risks!
No comments:
Post a Comment