To Embrace Risk or Not to Embrace Risk
How do you measure risk??? Is it measured by how much you can afford to lose??? Or is it measured by the number of sweat beads dripping off your side burns at the Blackjack table? Is your tolerance -$500 or -$5,000? If anyone cares to know the technical calculation for risk, it’s measured by likelihood vs. impact. If the likelihood of a negative event occurs is low, and the negative impact of that event is low, then it is low risk. Conversely, high likelihood combined with high impact, equals extremely high risk. (Auditors know these things!) So, when does risk become too much to lose???
My tolerance level was recently tested at -$6,322.50!! I threw up a little in my mouth. Here’s the update with The Brass Lamp. For the location I’d like to have my book bar, I will have to apply for both a Conditional Use Permit and a Coastal Development Permit for an offensive amount of $6,322.50. Here’s the process… Applying for this not only requires a fat check, but it requires floor plans, public notification requirements, a written narrative of surrounded uses to the north, south, east, west, and a bunch of other preposterous barricades. The approval process takes 2-4 months, and if approved, it allows me to purchase my Type 41-beer and wine license for approximately $10,000. If both applications are denied, I’m out $6,322.50 (I shutter to the thought). So this is where I stand. Do I move forward, or quit now………..?????
-Pshaa! A big fat, PSHAA!! The only option for me is to MOVE FORWARD. I did not come this far to quit now. I will take that risk, and embrace it because I am confident that the impact will be incredibly rewarding!!! At this point, the Great Wall of China doesn’t intimidate me!
My Grandma use to always say, “If there’s a will, there’s a way,” which at the time made no sense to me at the age of 7 because I didn’t know what “will” meant. But Grandma’s are always right, even when you think they are losing their mind!! Those aren’t just wrinkles, those are wisdom-wrinkles!!!
By now, you know I love me some inspirational quotes. So these seem so apropos!
“The difference between a successful person and others is not lack of strength not a lack of knowledge but rather a lack of will.” –Vince Lombardi
“Everything you’ve ever wanted is on the other side of fear.” –George Addair
Friday Night: Wine tasting at my place with my besties~ Thank you for your feedback! Beer- tasting is next on the agenda! Ugh, I know… right!?
Enjoy your week!
The Internal Auditor who just said she’d embrace risk. No wonder I’m not longer an Auditor!!!