How Far Should We Be Risk-averse?

 

WHEN we hear RISK, WHAT's the next words we often hear?  NO WAY.  That's BAD.  That's NOT GOOD.  So, this leads us to this recurring question:  IS IT GOOD TO TAKE RISKS?  Allow me to reply with an absolute and resounding YES!  Simply put, taking RISKS is neither good OR bad.  BUT WHETHER it is a good OR bad move will hinge on the type and severity of the RISK itself and the circumstances.  BUT in more cases, taking a RISK is the very key towards increasing one's self-confidence and even opening you up to more opportunities down the road.  Try being RISK-averse every step of the way, let's see if anything progresses???

Obviously, there are times WHEN taking a RISK is and will NOT be in your best interest.  YES, do steer clear of RISKS that could likely harm you OR other people and YES, never take RISKS that may violate your very own personal boundaries OR worse, if it will even endanger your personal mental OR even physical health.  It's beyond debate that your personal physical and mental safety is of utmost paramount BUT most of the RISKS we do avoid in life DON'T really cause that extent of harm.  Instead, the RISKS we sometimes run away from usually AREN'T about real and legitimate danger BUT often, they seem to be grounded in fear.  THAT FEAR of of making a mistake.  THAT FEAR of people judging your choices.  THAT FEAR of failure.  THAT FEAR of NOT being good enough.  Experts have tagged all these more as our emotional fears💥💥💥

IF there is a common and most prevalent RISK we would witness everyday, it is the RISK WHEN one is considering to embark into a totally different field, like kickstarting a new business venture.  If one is as raw as a rookie, that RISK of getting into a business foray can indeed be daunting.  BUT the key question one has to ask is to establish one's threshold.  LIKE HOW much capitalization are you committing?  LIKE HOW long can you go before you even hit break-even😃😃😃

YES dude, those are key questions that must have crystal clear answers way beyond you reach that informed decision.  I've witnessed someone abandoning his new business after a year way before hitting break-even.  I've seen businesses fold up because things get messier before churning out even drips and drops of revenue in a bucket.  I' also bear witness to entrepreneurs WHO had an auspicious start in their business venture and was just too eager-beaver to expand by branching out OR even literally expanding his current business way before things even would stabilize.  BUT that's more on doing things TOO much TOO soon WHICH is another form of RISK❎❎❎

Our takeaway:  Let's dissect words here sans all the complexities.  RISKS AREN'T about jumping out of an airplane OR betting one month's salary on horse racing OR running in front of traffic on a dare.  Calculated RISKS are WHAT really helps us reach our dreams.  Taking calculated RISKs are WHAT we can reach and achieve our dreams.  Frankly, without even a little RISK, let's NOT even utter the word REWARD.  Simply put, NO RISK equates to NO REWARDS dude!!!