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Showing posts from March, 2009

High Risk -- the space between success and failure

When you dive into a high-risk goal, you run the risk of ending up in one of two directions -- fabulous success, or pitiful failure. These two end results are what prevents most of us from taking action. We picture our wealth and riches or we see ourselves sitting in a cardboard box if we were to actually jump into that entrepreneurial idea. For my clients who deal with risk on a regular basis, financial traders, brokers, actors, entrepreneurs, it can be a life-shortening, heart-pounding, wrinkle-inducing battle between celebration and depression, debt and failure.  So how does one navigating the highs and lows while staying sane? Try these tips 1) Understand the worst case scenario -- the most important thing is whether you can deal with it emotionally. If you're strong enough to do that, you can figure out the logistics of making the rest happen. Can you handle the emotional risk? What would you need to do to become stronger? Or is another path your best option? 2) Find the spac