Risk and Living Insurance
Risk appears when we are unprepared.
Even with the best-laid plans, unexpected things can happen. Trying to anticipate some of those problems can go a long way toward ensuring your success. As you work toward your goals, you may already be aware of some of the problems you might encounter in trying to achieve them. Inevitably, there will be one or more surprises or problems that you may not have planned for. Some of these problems you can manage and deal with, while others are out of your hands.
What I'm really talking about is managing risk. In order to accomplish our goals and deal with the mishaps along the way, we need to do our best to manage the risks involved.
Managing the Risk
Managing risk can be done in four different ways:
- Avoiding the risk
- Reducing the risk
- Sharing the risk
- Retaining some of the risk
This involves taking actions to lessen the risk. If you do drive to work, you could reduce the risk of being in a car accident by slowing down or travelling outside of rush hour. It could even be something as drastic as moving closer to the office to shorten your drive.
Networking can be a great risk-reduction strategy by providing you with a wealth of resources ...