When we talk about risk we nearly always think in terms of financial risk – financially what am I putting on the line if this project or job doesn’t work out?
It brings back a simple conversation that I had with one of my bosses many moons ago when I worked in Guinness. This guy was very senior, successful and I guessed very wealthy.
He had all trappings of success, a prestigious home in Dublin, a marque company car and quite a senior and highly respected position in the company.
We were chatting about career, success and life in general and I was asking him about his goals – he had a very colourful career which included some very senior international posts with Guinness and now he was settling back to a senior post with Guinness in Ireland.
In my view the new role he had, while quite prestigious seemed to be a little dull compared to his previous ones – he spoke to me quite eloquently and it was the first time I heard about the concept of a “fur lined mouse trap“.
Basically he was telling me that he wasn’t enjoying what he was doing but the rewards were so good that he could not ever consider leaving the job. What a huge price to pay?
Over the last few years we have had the pleasure of dealing with many new clients who through a mixture of redundancy or choice have jumped off their corporate treadmill and explored new possibilities in their own new businesses. All of them will admit to working harder than before but will also admit to a huge sense of satisfaction and achievement. Quite a common sentiment is “Why didn’t I do this earlier?”
I wonder is financial risk the biggest risk of all?