Risk

Risk is a necessary component of beneficial initiatives. It's what keeps us sharp and focused. The old saying goes "Risk is the price you pay for every opportunities."

That explains why the word "risk" could be good or bad, depending on the situation. It could be something we welcome, like in entrepreneurship (a start-up) where every chance we take is essentially a risk. Or it could be something to be avoided when we're more stable.

It's worthwhile to take a look at how our minds have been conditioned when it comes to taking risks. The classical conditioning of our minds can keep us from achieving things that could lead to success.

It's how most of us were taught to be conservative with money and open about failure. We're told that if we make mistakes or bad choices, especially with money, we will suffer for it.

There are three types of risk: business, financial, and personal.

Business risk, or the risk of losing your business due to external factors, has received, and continues to receive, the most attention. But often overlooked are the other two categories.

Financial risk is what Business owners think about all day long, especially because it's the most likely to affect their business' bottom line.

Personal risk is often ignored or deemed unimportant by business owners, but it should be at least as high a priority as financial risks.

There is also what we call Installation Risk: This type of risk is generally easy to see, though sometimes hard to define, but it usually means that if you don't do something today, it will be more difficult or impossible in the future. For instance, installing a lead generation system today will mean less downtime for you during this busy season; not installing it means more opportunities missed.

I see lot of people talking about their business opportunities but no one discussing their business risk which is the price you pay for every opportunity.

It's a fact that if you are going to start a business, it will not be a smooth sailing for you. Anybody who starts a business before and knows exactly what it takes to be successful in business can tell you that.

If you have no prior experience with business, it will be a lot of learning curve for you, nevertheless, expect to learn a lot as you go. The common aspect of every successful businesses people talk about is the amount of effort they put into the business they started.

To my wonderful subscribers, inspiring readers, commentator, upvoters and also my generous sponsors . Thank you all so much for been there, from the bottom of my heart I say thank you. Adereign cares.