Dear friends,
we all go through different situations in life,where we deal with lot of things ,some of which are expected and some of it are non expected,we find ourselves in very many types of situations where we need to take risk in order to do something or achieve something .we have to take a decision where a certain degree of risk is involved ,making that decision becomes inevitable,either its very important or it cant be avoided, its like u have to cross the river to go to the next side,u cant help it.I have figured out a method or you can call it a solution for taking risk.
i make my decisions on basis of two simple yet very helpful approach
1."minimum to minimum" or "at the most" โkam se kamโ-
this approach is also known as safest approach, where we assess the maximum loss and whats we are left with at the end, here wee evaluate that even risk fails, what we will be left with or in other words at the most we will not loose this,kam se kam itna to bacha rahega,, or no matter what we will not loose these things and we can cope with whatever is left,as per evaluation .this method helps in keeping a safe approach ,also by keeping in mind a safety bracket,and whether we are ready to take the risk ,and if it fails we can still not be empty handed.it also provides us with necessary positivity that min to min we will still be left with something.This approach also determines our risk appetite,as to what extent we can take the risk.how far we can stretch our limits for that risk.
2."max to max"jyada se jyada kya hoga".this approach helps us to go far and evaluate the gain vs loss,that if we take a particular risk what we maximum will be our gains and what will be the loss,it will help us better evaluate the riskto be taken and will tell, what maximum we can achieve and is it worth taking even if it fails,this is more aggressive and upfront approach,and it also gives a boost as we evaluate what will be left loosing max to max
so in conclusion if we apply both theses approaches and evaluate both side of the coin, we can be very sure as to take the risk or not, is it worth taking a particular risk,we can better assess and evalaute the sitaution ,conditions,necessity and importance,and also whether we should go for the risk or not,it gives a perfect check about our condition and appetite for risk ,so when ever you come across sitaution where you need to take risk apply thsese two approaches and i am sure you will have a better and definite answer.thanks
be safe,and take care of yourselves