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Showing posts with label Managing Risks. Show all posts
Showing posts with label Managing Risks. Show all posts

Wednesday, January 12, 2022

Managing Risks

Managing Risks    

Please don't get me wrong.  I do not have an aversion to taking risks in life.  Life without risks is not life.  Risk is something we can't do without but what matters most is how are we Managing Risks.  The roads we trek are peppered with risks, so risk is not something which we can set aside.  The constant challenge is managing the risks we encounter in life so that such risks are CONTAINED, CONTROLLED and where possible, CONSTRAINED.

You can have your dog with you and once you walk it around, the risk that someone will fall prey to your dog will remain imminent.  So, how do we CONTAIN, CONTROL or CONSTRAIN this risk ?  Simple.  Keep your dog on a short leash, enough for you to quickly restrain it if needed.  In real life, though, things get murkier especially if we do not have a good handle of the risks that are part and parcel of our journey.

Risks could be as simple as our aversion for hamburgers simply because we are closely monitoring our cholesterol levels.  But for you to deprive yourself wholly and totally of that scrumptious and mouth-watering burger may be too much to demand and as from yourself.  In short, you should NOT deprive yourself of that tempting hamburger without putting your health at risk.

So, where do we go from here ?  It all boils down to RISK ASSESSMENT.  How big, wide and deep is your threshold to manage a risk ?  If you're a worker, with your modest ambitions, are you willing to simply tender your resignation from your local job and take that risk of job hunting in Dubai ?  You need to ask yourself lots of WHAT IF questions.

When I was starting off my career, yes I did take risks but only on a short leash.  When I confronted myself with WHAT IF scenarios, I told myself I am unsure as to how I can CONTAIN, CONTROL or CONSTRAIN if I did get hit by the risks I have identified.  So, where's the beef ?  Get hold of that RISK METER, keep it handy because you would need it every step of the way.  Whether you play the game on HIGH or LOW RISK, it is your call but make sure you make the right call day-in day-out ❗❗❗

Straight from my thought processes...

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