Friday, August 5, 2011

Ignoring The Risks And Pay A Great Price

Ignoring The Risks And Pay A Great Price
Every day, people die, relationships fail, accidents happen, sink careers, dissolve organizations, and businesses close because people do not want to look at the risks of certain behaviors, choices, circumstances and actions. In addition to all the emotional disorders cost of these events. Sometimes money .. It 's sad. But it must be so. Although you can not control every factor that is relevant to your life, you can take conscious measures to minimize the risk, loss and pain you feel. You can start now the following steps:



Recognizes that the risk is real.
To reduce or eliminate the risk begins with the fact that risk is everywhere. It exists in your home, work and community. It is on the road during the holidays and drive-through. This is part of every conversation you have, all financial investments you make, every product or service you buy. There is a risk by taking pills, surgery and undergo routine medical procedures. There is a risk in accepting a new job, supervising difficult employees, starting a second company, and working serious overtime. The use of electronic devices has risks that make owning a stove, microwave, or stove. Life is not without risk. The point is not to live in chronic fear, but simply to recognize that the risks around you. Because you can not get away from him, you must find a way to live in harmony with it.

Identify your personal and professional risks.
Knowing what your risk is, can help you begin to create harmony with the reality of risk. What are the risks associated with your job, partner, children, house, car, finance, entertainment, educational, and community volunteer work? What are the risks associated with your extended family, friends and neighbors? What are the health risks do you have? Which of your attitudes pose a risk to you or others? What are the risks associated with your short and long term? Is there a risk to your safety at home or at work? Is there a risk that you wanted? Get in touch with those risks. Make a list of them and specific. Do not store them in your head. Put them in writing.
Evaluate each risk in terms of its impact on your life and the lives of those you love.
On a scale of one to ten, ten is "a very big impact," will evaluate all the risks associated with personal and work, depending on how much interest you and your loved ones. Cancer diagnosis, stock market crash, a work stoppage, and move to another place would have a greater impact on risk, for example. Losing an average of vendor in your office, or lose access to your computer can be a day of moderate influence on the risk of the next upcoming tiff over the weeds, the property line, or running an event once a day too late to have a minor effect on risk. Only you can decide the degree of impact. The most important thing is that exercise actually do vote.

Determine the probability of each risk occurring.
Assess the likelihood of certain events occur is another way to make some peace with the risk. Ask yourself how likely it is that you are suffering from a serious accident, fire, get married, the father of a baby, quit your job or become ill. How likely is it that you want to divorce your spouse, go bankrupt, suffer a side effect of drugs, selling your business, robbed, discuss with your boss, or die prematurely? When you consider all the risks on your list, categorize it according to "very likely, likely, unlikely, unlikely, unlikely, highly unlikely." This exercise allows you to watch these risks in a different perspective. Remember there is a difference between losing your job and lose all your assets. While the first can be a big risk impact, the other being a lower risk. That's because you trust yourself to find a new job long before you use your last penny down.
Calculate the cost of your risk.
Take the time to find the price tag associated with each of your risks is a good investment of energy and effort. For example, how a divorce cost you? How much term life insurance cost? What is six months without pay for a detailed cost? What is a computer and the cost of printing? What's visit cost without insurance cardiologist? Or braces on your teeth? How much it costs to fire a lazy, interview candidates for the position and train the new recruit? What about replacing a water heater or a fridge washing machine? What is the approximate price for the house you want, big car repairs you need, and medical bills to the factor, which fell and injured on your porch? Research costs associated with each individual and each of your identified personal and professional risk. Write this number next to each risk. It gives you clarity.
Manage your risks.
Learn to manage your personal and professional risk has several advantages. First you develop a realistic assessment of your risk. Second, you understand what they mean. Third, you put them in a reasonable perspective. Fourth, you can increase your level of maturity in the process of focusing on this issue. Finally, you must decide how to deal with each of your risks, it should happen. How will you deal with a broken leg, a tornado, an angry boss, a dishonest business partner? How do you manage community volunteers who are you, a spouse who threatens you, the colleague who you cheat? Make a plan. Consult family members, mentors and experts, as you write. So file, if you know where he is. Risk management is going on is much easier and cheaper if you already thought of them and planned for them. Often it is the element of surprise, it costs the most. Remember, the risk is part of everyone's life. No exceptions.
By Sylvia D. Hepler
Sylvia Hepler, president of Launch of life, LLC, is a coach known as "Coach of the administrator," based on the mission of South Central PA is to support business owners, executives and management staff, non- profit problem solving, develop leadership skills and management, and increase the balance in their lives. His career includes a wide nonprofit leadership / management, public speaking, business and freelance writing, retail and education. If you experience a FREE training session with Sylvia to solve a problem that wakes you at night, please contact her at:

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