{"id":4053,"date":"2024-01-25T01:43:00","date_gmt":"2024-01-25T06:43:00","guid":{"rendered":"https:\/\/dwaynephillips.net\/workingup\/?p=4053"},"modified":"2024-01-09T08:59:26","modified_gmt":"2024-01-09T13:59:26","slug":"sharing-risk-what-do-you-have-to-lose","status":"publish","type":"post","link":"https:\/\/dwaynephillips.net\/workingup\/2024\/01\/sharing-risk-what-do-you-have-to-lose\/","title":{"rendered":"Sharing Risk: What Do You Have to Lose?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">by Dwayne Phillips<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In our personal lives, we often take all the risk without asking others to share it. The basic, but rarely asked, question is, &#8220;What does each person have to lose?&#8221;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I am sitting here sipping coffee pondering what to do. Someone is asking me to wait, and wait, and wait. Perhaps they will show up, perhaps later. If they don&#8217;t show up&#8230;sigh, I have wasted the morning. That is what I have to lose, the entire morning. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What does the other person have to lose? Nothing. They are late because they are busy doing something else that is productive and rewarding for them. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I have my morning to lose; they have nothing to lose. I am risking my morning; they are risking nothing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The stakes are low. Let&#8217;s go on.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now let&#8217;s multiply the stakes. Instead of risking a morning, I am risking several months salary. The other party is still risking nothing. Uh, we are not sharing risk. I am bearing all the risk.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s negotiate this a bit. Let&#8217;s make the risk carried by each party explicit and discuss ways to even the risk a bit. If the other party is not willing to share risk, the conversation ends. Nice knowing you, goodbye. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sometimes carrying all the risk myself is worth it to me. I really want to have that meeting or that job. Sometimes carrying all the risk myself is <em>not<\/em> worth it to me. I am able to walk away.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Suggestions: (1) If I walk away, do so on the friendliest terms I can find. I value the other person. (2) Openly discuss risk and risk sharing. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The risk-sharing discussion is between two respectable and respected parties. Both parties deserve consideration from the other. Sharing risk is a respectable and respected thing to do. Speak with respect in respectable terms, but speak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is little reason to carry all the risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Dwayne Phillips In our personal lives, we often take all the risk without asking others to share it. The basic, but rarely asked, question is, &#8220;What does each person have to lose?&#8221; I am sitting here sipping coffee pondering what to do. Someone is asking me to wait, and wait, and wait. Perhaps they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[297,394,286,45,121,257,44],"tags":[322,393,287,167,122,258,166],"class_list":["post-4053","post","type-post","status-publish","format-standard","hentry","category-accountability","category-alternatives","category-conversation","category-differences","category-economics","category-respect","category-risk","tag-accountability","tag-alternatives","tag-conversation","tag-differences","tag-economics","tag-respect","tag-risk"],"_links":{"self":[{"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/posts\/4053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/comments?post=4053"}],"version-history":[{"count":1,"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/posts\/4053\/revisions"}],"predecessor-version":[{"id":4054,"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/posts\/4053\/revisions\/4054"}],"wp:attachment":[{"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/media?parent=4053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/categories?post=4053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwaynephillips.net\/workingup\/wp-json\/wp\/v2\/tags?post=4053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}