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I see businesses across all industry types that do not understand risk properly. They do not, have not stopped to properly assess the risks their company is exposed to. To many people seem not to take risk seriously enough. I have seen people have losses in varying sizes and then blame others or circumstances, not taking responsibility themselves. If they had stopped, looked properly for all the risks, then acted on lowering the risks, they would not be in the situation they found themselves in.

The questions below are from an article Kaihan Krippendorff published.

Is all your business coming from one small geographical area?

Is your largest client less than 20% of your business?

If you are an investor, it’s foolish for you to put all your eggs in one basket... If you are a business owner, it’s unwise to have all your income come from one source... If you are married and in love, it’s crazy to cut off all your friends and family and focus on the one... If you are single, putting all your efforts in one club puts you at a disadvantage…. If you are learning at a school, you limit yourself if you only read the recommended texts... If you have a family and only relate to one or two of your relatives, you are missing out on part of who you are...

But we all do it – put all our winnings and bet it on one horse. How can we take responsibility for the risks of life and protect our valuable assets?

What areas of your life are you having all your eggs in one basket? What can you do to spread the risk?__