Asymmetrical Risks And Asymmetrical Opportunities
Asymmetrical risks and opportunities refer to situations, actions, or decisions whereby the potential gains or losses are not balanced.
This idea originates from the financial trading world; however, you can apply it to your life when making decisions, taking actions, and making choices.
ASYMMETRICAL RISKS: These are actions, decisions, and choices whereby the potential downsides or losses are significantly higher than the potential gains.
Personal life asymmetrical risks:
Not working out regularly.
Not spending time with people who love you. In the wise words of Warren Buffet, “Ask yourself who you’d want to spend the last day of your life with and then meet with them as often as you can.”
Neglecting mental health and emotional well-being carries asymmetrical risks in personal life. The long-term effects of untreated mental health issues (e.g., depression, anxiety, substance abuse) can have profound impacts on overall quality of life, relationships, and physical health.
Cheating on your spouse.
Business life asymmetrical risks:
Not following up: Failing to follow up with leads and prospects poses asymmetrical risks in sales. The potential loss of sales opportunities and revenue from neglecting follow-up efforts far outweighs the perceived inconvenience of reaching out to prospects multiple times.
Not building relationships with clients: Neglecting to build relationships with clients and customers carries asymmetrical risks in sales. The potential consequences of losing customer loyalty and trust (e.g., decreased repeat business, negative word-of-mouth referrals) far exceed the effort required to foster genuine connections.
Not creating content: The downside of not creating consistent content for your business is that you’ll lose market share and nobody will know you. Remember, people only buy from people they know.
Asymmetrical Opportunities: These are actions, decisions, and choices whereby the upside is unlimited, but the downside is limited.
Business life asymmetrical opportunities
Sending a cold DM, WhatsApp message, call, or email: The downside of sending a cold outreach message is the short time it took you to write it and perhaps a ‘NO,’ but the upside could be a YES, and that YES may change your life. For example, I sent a cold message to a company in Dubai that I was interviewing Dapo Willis for my podcast and that I wanted them to advertise on the podcast. To my happiness, they said YES. Just ask.
Reading wide, listening deep, and observing intensely: The downside of reading a book is concentration, but the upside is a wide perspective, more tools to make better decisions, and success. If you want to read more without stress join my book club/ whatsapp group here JOIN MY WHATSAPP GROUP
TESTIMONIAL FROM THE GROUP
Working out: The upside of working out is a better mood, a healthy body, and physical strength, and the downside is a gym membership and the time spent.
Personal life asymmetrical opportunities
Spending time with your loved ones
Calling your mum and dad
Prayer and faster
If you start looking at your decisions and choices from this filter, you’ll make better decisions in life, and your decisions determine your destiny.
VIDEO OF THE WEEK
Thank you for reading. This was a picture i took on friday after doing training for HAIR STUDIO BY ENITAN IN LONDON.
I got the job by doing a asymmetrical opportunity action- I MADE A SALES CALL
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