Gambling On Self Sufficiency

Research!
Don’t
Gamble!

Often when people look to cutting the chains of the 9-5 and branching out on their own, they often come to the conclusion that leaving a paying job with a steady wage is way too risky.

After this, they usually revert back to the safety of normal without any change of direction wondering, perhaps for the rest of their lives, what if?

Well, yes, starting over can be risky but the thing to avoid like the plague is gambling, rather than taking a measured risk.

Nearly everything we do has some degree of risk. Walking in traffic, doing sport, flying, but we do it anyway because what we get from it is worth it.

Gambling is different.

A lot of people enter a new life treating it like a gamble. I know this because they contact me. They do it like going to Vegas and putting it all on the black. It could actually work out for you but it could also be a complete disaster.

When you gamble you have little control over what happens. Sure you can weigh up the odds but it is really a game of chance.

Either, or.

When you make a big decision such as changing the direction of your life you are in charge of the amount of risk you are prepared to take. For example, you don’t have to do everything at once. You can start planning way before you will leave your current spot.

This, frankly, is always my advice.

In that time you could be building up funds including a cushion for any unforeseen things, you could be adding to your education and knowledge so you are better prepared to make judgements. You could be making connections in the area that you are choosing to get into so that it’s not such a stark, lonely move.

You might even do a little research and decide that it isn’t the right thing for you after all. All these things, whilst not removing risk altogether are minimizing it. It would be shaping up to be less of a gamble.

Some of the greatest entrepreneurs, planned their goal – from a far distance – watching it like a hawk, measuring, taking notes, watching the competition.

They had nothing.

Their lack didn’t make them do silly things like invest in some ridiculous scheme without checking vital details.

They didn’t make rash judgments and jump into new situations, gambling on good luck. Even with nothing. They watched. They planned. They made informed decisions.

They were building knowledge, resources and useful partners.

Paris Hilton’s grandpa was one such man.

Conrad Hilton had started his empire by buying his first hotel in Texas in 1919. Over the next ten years he had acquired approximately another eight hotels. However by 1930′s the Great Depression assisted Hilton to lose everything he had built. This included his growing empire’s expansion into credit cards and the travel industry.

He. Lost. EVERYTHING!

Hilton swallowed his pride and went back to work as a employee of his own previously owned hotels and during that time he kept his eyes on the goal to get back his hotels. He kept the resources he had already made and found new ones. Plotting, watching, researching, building up his own resources. It didn’t happen overnight. But he did it.

The rest is history.

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