An interesting approach to taking risks in your professional / personal life

. Saturday, August 21, 2010

Owe this post to a wonderful conversation I had over tea yesterday. Thank You for this brilliant perspective MG.

"Often one is faced with an opportunity to move out of one's comfort zone and embark up on a new and exciting venture. Most people refuse to move out of their comfort zone, simply because of the risk that it throws up on you. One way to look at this situation in perspective is to quantify the immediate risk (in dollar amount, or any other unit possible) and amortize this figure over the course of your career or your life.

Example: MBA
Investment (Risk): CAD 100,000 (Economic Cost)
My professional career post MBA - 30 years
Per year investment: 3333 CAD

That is not as bad a risk as one would think it is. I am not even considering the change in work quality, exposure and awareness, career growth, and the joy of doing what you really wanted to do all your life! "

7 points of view:

maryam said...

hi.this is maryam . i have just found your blog .it is very interesting to me and i believe that it would be very useful for me during my education.i have passed the university entrance exam in my country in the same field as you just a week ago . i would be happy to have a friend like you to help me .

Shiv said...

Thank You Maryam. I am glad you found the blog useful.

Anonymous said...

How stupid is that? They never teach you time value of money in bschool? Wait, even if they did you 600 GMATters won't understand, right?

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Quin said...

One person should really need to take the risk get out to understand full satisfaction in life..
An Inspiring thought from you...

Muhammad Umar Akbar said...

Amount is still hell enough not affordable!! but thanks for sharing

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Kashif said...

Love Canadian Life