How to Face Risk

Whether you’re filled with anxiety about the future or overflowing with confidence in yourself, chances are, you will encounter opportunities to take risk throughout your life. You do not want these risks to leave you paralyzed with indecision. At the same time, you don’t want to stroll through life assuming you’re prepared and immune from risk, either! Here are three ways you can handle risk when and even before you find yourself faced with it:

• The Risk of New People: With every stranger we meet, there comes the risk of flubbing an introduction, messing up a potential professional opportunity, or simply looking foolish. While we hope every new encounter with a person is a positive experience, this won’t always be the case. For many of us, our professional success comes from our ability to meet and satisfy the needs of the people who could seek our services. People who are able to connect and communicate with as many different types of people as possible often find their own successes nurtured and achieved. Thankfully, you can mitigate the potential emotional distress so often caused by unpleasant interpersonal encounters with simple preparation. Take steps like practicing speech and conversation exercises and growing comfortable sharing not only your own valuable ideas, but also asking others the types of questions that encourage them to share their lives with you.
• Is That Purchase Smart or Risky?: Even though we try to spend our money as responsibly as possible, some type of risk is typically involved in our financial decisions. For example, you may be considering something as simple as purchasing a few shirts on sale or as major as a putting a down payment on a house. To assess whether a financial move is too risky to make at the current time, look at what financial security measures you have in place. If you’re in debt, without much in your savings account, those sale shirts may, in fact, be a risk to your financial security rather than a savings. On a larger scale, if the down payment on a house, property taxes, and monthly mortgage payments are greater than what you can afford if an emergency such as job loss were to suddenly strike, you should assess the risks involved in this major purchase. Unfortunately, the market is always changing, and you may wonder if a particular financial decision is a better one taken sooner than later. When in doubt, do your research and consider speaking to a financial professional to improve your ability to assess the risks involved.
• Is It Risky to Fill Your Plate?: In order to increase your security, you may decide to start an additional career. While the thought of making more money may be thrilling, you may doubt your ability to find more time to earn additional income. No doubt, a second career may seem like a daunting undertaking. Fortunately, there is a large network of people, just like you, who are ready to share organizational tips to help and support you as you transition into an even more productive schedule. This is a good example of taking a managed risk; while you are putting yourself out on a limb with a new career, you can be comforted knowing you know have two sources of income.

The practice of identifying risk, before it happens, is healthy and recommended. No matter how secure we feel, the future is uncertain. Instead of letting uncertainty stop us from making the improvements we want, or leave us suddenly in an unpleasant lurch, we can prepare for the negative outcomes of risk well before they happen. To learn more ways to prepare for and face risk in your life, visit the Syncis blog at https://www.syncis.com/blog/.