Alright, so youre thinking bout risk avoidance, huh? Risk Assessment Handbook: Methods Explained . Seems simple enough, but lemme tell ya, theres a few potholes you really gotta dodge.
Risk Avoidance: Key Mistakes to Dodge - managed service new york
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First off, and this ones huge, dont (yeah, I said it, dont) confuse risk avoidance with risk management. managed services new york city See, avoidance is just plain not doing something.
Risk Avoidance: Key Mistakes to Dodge - check
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Another biggie? Neglecting opportunity costs. Okay, what does that even mean? It means youre so focused on avoiding one specific bad thing, youre totally ignoring all the good things youre missing out on (the potential benefits)! Imagine passing up a killer job opportunity because youre afraid of failing at it. managed services new york city Or not investing in something because youre scared of losing money. Sometimes, the biggest risk is avoiding all risks and never trying. Its a sad existence!

And speaking of ignoring things, dont forget to consider secondary risks! These are the risks that pop up because youre trying to avoid the initial one. Its like avoiding driving in the rain by taking a bus, but then the bus gets stuck in traffic, and youre late for your important meeting! Whoops!

Oh, and this is a common one...
Risk Avoidance: Key Mistakes to Dodge - check
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Risk Avoidance: Key Mistakes to Dodge - check
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- managed service new york
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Lastly, and this is a real face-palm moment for some folks, dont let fear cloud your judgement. Decisions made from a place of pure terror rarely turn out well. Take a deep breath, assess things logically, and then decide.