Taking Risks
Posted by admin on Wednesday Jul 7, 2010 Under Uncategorized
What is your risk tolerance? For some taking risks is very uncomfortable and avoided whenever possible. For others, risk is a necessary part of everyday life. I fall into the ladder category. Risk taking is part of my make-up. In my experience, some of the risks have led to failure and some to success. The failures and successes are valuable opportunities to learn lessons and grow. Hopefully the lessons lead to creating successes again and again and help us to be aware and avoid the risks that led to failure.
For some people, they look so deep into the potential opportunity that they avoid the risk because they find something that scares or alerts them of possible issues or problems. If we look too deeply into almost every opportunity, we may pass on the opportunity. There is always going to the good, the bad and the ugly to every opportunity. Does the good outweigh the bad? Does this opportunity feed into our passion and purpose?
Like deep relationships, it often takes years to fully realize the value of opportunities we act on. We must be patient and wait to judge the value of the opportunity and the corresponding risk until enough time and experience has passed where we can make a fair and informed decision to stay on the path or go another direction.
Action Plan: Today’s action plan is two fold,
1. Reflect on opportunities that you passed on which posed to much risk in your personal or professional life and re-evaluate those risks. Did you pass on an opportunity that you should have taken advantage of? Is it possible to revisit that opportunity and move forward.
2. Reflect on if you over prepare and over analyze every opportunity and potential risk to the point of passing too often on opportunities you should be moving forward with.
Where is your risk tolerance?
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Daryl
The last weekend in May usually starts my thoughts about what I want to do over the summer months. I watch the Indianapolis 500 on Memorial Day weekend and then all thoughts turn to being outside. I enjoy the summer Sunday’s. My family and I spend in our Sunday’s in our yard and swimming in the pool. I believe we are creating some memories that will last forever.
good timing, taking advantage of some great opportunities, passing on some poor opportunities. We benefited by experiencing some good luck and some years where the real estate market in Southern California was growing and the demand out paced the supply.

Last week was a rough week. A friend I have known since childhood was diagnosed with colon cancer. Another friend’s wife has stage 4 non-Hodgkin’s Lymphoma. And yet another person in my community took his own life for what reason we will never know… It feels like everyday I am hearing about someone I know facing an illness or severe challenge.
I am very fortunate to have loyal, supportive, smart, integrity based people surrounding me in life and at work. I am very proud to say that because I know it is a two way street. I must give first before I can expect anything in return. I hear my wife tell my children, “you have to be a friend in order to make a friend.” Very true. In my book, Heart Leader, I talk about the need to treat employees more like family members and less like laborers. This has proven to come back to me ten-fold in the form of friendship, loyalty and respect. The influencers I admire most are those who earn trust, respect and who are like-able people. People want to follow people they like and trust.
the yin to my yang. She is strong where I am weak. She watches my back to ensure I am protected. She is calm and hard to anger. She is smart and loyal. She has integrity. She will do anything I ask her to do. She is trustworthy and likeable. Monica is my friend and I am hers. I tell you this about Monica because I want you to understand a bit about who she is and what she does to improve my life and my business. Many of us need someone to do what we can’t do, aren’t willing to do or aren’t proficient in doing. Know thy self is key here. 

I have had the great privilege of meeting two living legends. One is Coach John Wooden and the other is Dodger broadcaster Vin Scully. What I admire most about them is their integrity, loyalty, honesty and commitment to the companies they work/worked for and the people in their lives.
I have heard it said that if we have one REAL friend we are fortunate. As I have aged, I have discovered the definition of deep friendship versus shallow friendship. Both forms are necessary and both have value. The deep friendships require a lot of emotional investment and most of us don’t have the time or energy for too many of these. In addition, these “go to” deep friendships are hard to discover and build. They require time, energy, transparency, vulnerability and integrity.