I feel I may be a bit of both a risk-taker and a risk-averse. In business, it is good to maintain that balance and to determine whether something requires you to take a risk or to play it safe. Sometime's it may call for a risk but there are other alternatives that are much more efficient. While it would be nice to trust the people I hired to do the right thing, that sometimes just isn't the case. I may be the CEO but I may not know what goes on in every single building of my business, which means that I do not know the mindset of some of my employees. While trusting the people I hired is part of business, it is not reliable. In the end, no one can do your business better than you can.Therefore, I'd much rather create more policies to control things myself.
Risk, like anything else, will have its pros and cons. While it may be hard to accept, every business CEO has gone through trial and error and has made some mistakes. Sometimes, you might miscalculate or miss a key factor. There can be some serious losses or you may have missed out on a deal that could have been beneficial to your business but you chose not to take it. Regardless, looking at risk as a challenge and a way to sharpen your strategical skills is better than stressing or worrying about it. It is also a test to show how well you work under pressure.
Seeing as how the generation we live in relies on technology in our every day lives, technology risk is definitely one of the things I'd like to have insured. Finishing certain business transactions, communicating to clients, sending our orders for customers, etc. are all key factors in business.
In one paragraph explain how you agree with this post. Write in your own words. Start your paragraph with You've hit the nail on the head.