Risk,Failure,and,Wild,Success, business, insurance Risk, Failure and Wild Success

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Risk.Just the sound of the word can conjure up feelings of nervousness.Risk - The possibility of suffering harm or loss; danger.A factor, element or course involving uncertain danger.As much as we may wish to avoid it, succeeding in business, aswell as in life, will almost always involve a certain amountof risk.If you want to double your success rate, then double yourfailure rate. This can involve some risk.Look at the great leaders in history. At many points alongtheir journey to success, each one took great risks. Whetherit's a business leader such as Bill Gates of Microsoft orinvesting magnet Warren Buffet; military leaders such asGeneral MacArthur or General Colin Powell, or religious leaderssuch as Jesus Christ or the Dalai Lama.Each of these individuals have faced tremendous challenges andtaken great risks along their journey's toward success.Taking risks in your home business can involve deciding when togo full time. It can be adding or reducing a product line orservice that you offer, taking out a loan to expand your businessor changing the direction of your business all together.The biggest fear surrounding risk is that of failure. Thatword, also, sounds pretty bad, doesn't it? That's because youhave been conditioned to believe that failure IS bad. But, isthat really true?Let's turn that around a little and consider the fact thatbasketball great Michael Jordan misses over 50 percent of theshots he takes.The best batting season in baseball's history meant that thebatter didn't even make first base 589 times out of 1000.That's greater than 50 percent!What about the richest people on Wall Street? They don'talways pick winning stocks. The great military leaders don'twin every battle, but they do win the war.And, Bill Gates? Well, he's suffered his share of perceivedfailures lately, but you can hardly look at him and his companyas anything but wildly successful.So, how does this relate to you and your home business?Quite simply, you must be willing to take a few risks,although calculated, to experience the kind of success you mostlikely want.When is the perfect time for you to go full time in your homebased business endeavor? In my experience, there is never a"perfect time." There is only a time that appears to be betterthan other times.What about adding or reducing a product line? Well, nothingventured, nothing gained.And, if you are considering changing the direction of yourbusiness altogether, read on.There are numerous "house-hold name" companies that look nothinglike they did in the beginning. Two that immediately come tomind are Hewlett Packard and Nintendo. Both of these companieswere smart enough to shift their direction as the times andmarket dictated.Nintendo originally began as a playing card manufacturer, and,realizing that the company was actually in the entertainmentbusiness as opposed to a playing card business, shifted thecompany focus.Today, they are one of the most successful electronic and videogame companies in the world.Know what your focus is, not just the product and service youare selling. Have a vision that is bigger.Are you selling weight loss products or an enhanced self-imageand better health? Are you offering Internet Service or anincredible system of communication, education and resources?It's important that you are clear on what your business isreally about so that you can recognize when you may need to takesome risks.So how do you know whether or not to take a risk? Follow thesesteps to make it as calculated as you can.1. Use your head, don't just follow your emotions. Gut feelingsare important, but you must also do your research carefully.Find as many resources as you can for information. Talk topeople and don't be afraid to ask direct questions.2. Write out a list of best case scenarios and worst casescenarios. This exercise should provide you with a goodmeasuring tool, if you are fair, reasonable and honest withyourself.3. Test the waters if possible. Do a little market research.If you're deciding whether or not to go fulltime, take a monthleave of absence and see how it goes. If you are trying outa new product line, choose a few of your best customers andintroduce it to them and ask for feedback. And, if you areconsidering changing the course of your business entirely,begin seeking out new customers or associates for your newendeavor.4. Finally, have faith in yourself and your ability to makethe decision that is right for you!Every fortune that's been made has involved some degree ofrisk, as have all great inventions, business ideas orrevolutions.At some point, assuming all else points in the right direction,you must close your eyes, trust your instincts and take a leapof faith!Remember, you can't steal second with your foot on first base! Article Tags: Product Line