Posts Tagged ‘risk’

The Five Reasons Why You Are Not Fulfilling Your Potential.

Very few people can claim that they have achieved all that they are capable of. In the Western world most of us do moderately well. We get an education and a succession of jobs; we have some relationships that work; we are well fed; we avoid penury and destitution. We can take comfort in modest achievements. But for many people there is a nagging feeling that… Continue reading

Luck, Accidents, and the (Mistaken) Sense of Control

What in your life can you control? Not much, as it happens. In fact, most of the areas we feel most in control of are riddled with uncertainty and unpredictability: business, health, parenting, finances. In a lot of cases – like picking which stocks to invest in – the average person actually underperforms random selection. That is, when it comes to picking stocks, a monkey with a dart board and a… Continue reading

5 Topics To Address When Talking With Your Partner About Starting A Business

One of the most important steps (if not the most important one) you can take when starting a business is to talk with your partner/spouse before you embark on your adventure. It’s absolutely crucial to have your partner with you on the same page when you start a business. Without their support and “buy-in,” in the long run you’ll end up sacrificing your success, your relationship, or both. Save your… Continue reading

5 Key Characteristics of a Successful Entrepreneur

I've heard a lot of great business ideas lately — and more than a few people announcing that now is the right time to go into business for yourself. I think that there's a lot to be said for becoming an entrepreneur during a down economy — although the risks definitely go up. With your own business, especially if you hold on to your day job as long as… Continue reading

Can the Lifehacking Concept Help You Live Until the Singularity?

Most geeks know who Ray Kurzweil is. Most musicians do too, and so do many blind people. Kurzweil has invented so many things in so many different fields, it's hard to know where to begin. Perhaps one of the things he's most famous for, aside from inventing the first reading machine and some awesome keyboards (the kind a musician plays), is his support—or, really, evangelism—for the concept of the Singularity. The… Continue reading

How to Fail at Practically Anything

I say, fail a lot. Push yourself to the limits of your talents, endurance, and common sense, and then go one step further and fall down, spectacularly if possible. Failure is one of life’s great forces; it’s driven far more innovation than talent, creativity, or necessity combined. Plus, its stories are better. Most people, of course, avoid failure. Or, at least, they try to, as much… Continue reading

Put yourself on the line

"Why don't you join me on the line?" Do you think I'm inviting you to get on a conference call? Is the football player in you visualizing the scrimmage line? Does 'on the line' mean anything in particular to you? The line that we're going to look at today is the line that separates risk from safety. It separates the unpredictable from the predictable. It divides security from opportunity. The… Continue reading

Psychics Must Be the Most Productive People in the World

"A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be." ~ Wayne Gretzky

Think about this... If you could predict the future, your productivity would skyrocket. The biggest hurdles to productivity are interruptions, distractions, and unknowns. No matter how many tools you use, lists you keep, methods you follow - life will come along and screw everything up with… Continue reading

What we have most to fear is fear itself

Have you noticed how often people draw back from trying something new because of fear? Fear that they might not make it; fear that the outcome will not be as good as they hope that it will be; fear that change may prove that what they’ve been doing until now isn’t as good as they’ve made it out to be; fear of being seen to make a mistake—even if that… Continue reading

Risks versus Rewards Worksheet

There are lots of methods and techniques for making decisions. One of the most commonly used is the pros versus cons list or risks versus rewards. This type of list helps make a clear distinction about what benefits a choice offers, and also what you have to lose.

To make it easy, I put together a basic spreadsheet that I use to quickly show how the rewards measure up to the… Continue reading

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