Thread: Taking risks...
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Old 08-04-07 | 06:33 PM
  #33  
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maddmaxx
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Many people who are adverse to risk have difficulty managing more than one plan at a time. Good risk takers have alternative actions planned in advance for when a less than optimum plan must be abandoned.

For example, the military trains for many eventualities because theirs is a risky business. The ability to shift into an alternate path is a necessity.

Most of inhabitants of "cubical land" that I observe have only one plan. If and when it goes bad they have inadequate fall back routes prepaired for use.

Whe you approach an intersection on your bike where you have the right of way do you have an alternate plan for what to do when that car at the stopsign ignores you and pulls out anyway. Most of us have learned to deal with physical problems like this almost automatically. Alternate plans are a good survival trait and minimize the bad side of risk.

Risk taking in the business world however is not something we practice every day while just walking around breathing. Plans for how to deal with the upside or downside of risk need to be put in place alongside the original plans to ensure best results.

Risk is the area that makes the successful what they are. If you do what everyone else does, you will always be like everyone else. The "trick" is knowing when to take risk and having the forsight to plan for the outcome.
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