Self Improvement Tip of the Day: You Can Minimise Risk

Self Improvement Tip of the Day: You Can Minimise Risk

There is a big difference between blind risk and calculated risk. Research can take a lot of the fear out of risk taking. If we take the time to look into and weigh up the relevant facts, we can turn blind risk into calculated risk.
You also have to know the costs involved in any action you are considering taking, be they time or financial costs, so you are prepared for the outcome of your decision.

You should also have an action plan and be prepared for the unexpected. Things seldom go exactly as planned so you should be prepared in order to minimise loss. You should also have an exit strategy in case the worst happens.
If you take these steps you are not gambling, but taking intelligent, calculated risks.

To be continued….

Self Improvement Quote of the Day:

'The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change and grow and love and live.' – Leo F. Buscagia

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