Risk taking

[Seb]

Well I don't know about you guys, but I take a great deal of necessary risks, in order to make sure I get something. For example, if I see something for sale that I need, I will bid/buy on it without the money in paypal, even if it's sometimes alot, to ensure that no one else buys it. So far i've always managed to rustle up the money in time. What other risks have you guys taken? Any big ones?

Seb

[midascode]

Hahahaha, sort of well done Seb

Nothing like a bit of debt to help us focus :)

Mind you, as a seller, I'm not so sure i appreciate the hassle of dealing with a buyer who really has not got the funds - but as you say, you have always managed to pull it of somehow.

As a side note (and not related to risk) - if you happen to have the funds, ready and waiting, you can for example pull of some great deals, just because you can say to the seller that you have the funds ready and waiting and it could be in their account TODAY - provided they accept your offer

Anyway, lets here some more from "risk takers"

[Seb]

Thanks for that, I always make sure i've got some some sort of payment coming my way before hand, so I'm not taking a complete risk. As a last resort, my parents are very good to me credit card wise so if I ran into a problem i'd just pay with the card then pay them back in cash, which I do alot for presents and stuff like that. But my target is to do this on my own, so im trying not to use their cards when it comes to business. I've thrown myself in at the deepend with an empty paypal account and i'm working from there, it's hard, i'm thinking about sponsors - would that be a wise decision? I will have to read up about how that works.

Seb

[Mohammad]

My views vary on Risk Taking as Douglas MacArthur once said "There is no security on this earth. Only opportunity.", this is one of my favorite quotes I have it framed on my walls but without a doubt you will have to take risks, on of my pet peeves is when people go into debt over a risk I'm a strong believer in the school of thought that says that debt is a black hole once you go in your in for good, so I try to stay away as much as possible from debt. But I have lost my own money on many business ventures and believe that is a good thing to have happen to you every once in a while it wakes you up. So those are my views.

[MaCleary]

"There is no security on this earth. Only opportunity.", that i one off my fav quotes too

Risk taking is natural to me.What do you have to lose except everyting!lol

[Mohammad]

Bite off more than you can chew, then chew it.
Ella williams you sure live by that one seb

[Seb]

Thanks for sharing that guys. Definetely made me a bit more wary.

Seb

[LyricB]

I do need to take more risks...I can only imagine the opportunities which have passed me by because I didn't pursue them.

[aquariancore]

You can't survive as a business owner with taking risk. Business and success are result of taking risk.

[mtatum4496]

Taking risks is more plausible when you have only your own care and feeding to see to. Once you have a family, you have to take their well being into consideration as well.

of course, you can still do some risk taking, just making sure you do it with resources that are not needed to keep the family going.