Week 8

Do you believe in taking risks?

Earlier in the summer I posted about winning a very big horse show. Now, in less than a week's time I have an even bigger horse show. However, bigger horse shows where participants can win more money means higher entry fees. Any participant typically has an 8/40 percent chance of placing in one of these shows, and a 1/8 percent of placing and winning more money than they paid to enter. So, yes, in short horseback riding competitions are a lot like gambling.

But in truth, life is a lot like gambling. If you are a life or business coach you probably encourage your clients to take steps outside of their comfort zone. As a coach there was a point in your life where you had to do the same. The reason being, most people don't grow up having the confidence to consciously say that they are able to help other people with life's problems. Most of the time people probably don't feel comfortable with that because they don't feel like they have the ability to solve their own problems. Being a life coach doesn't mean that you have your whole life sorted out and it doesn't have to mean that either. You are never going to be able to give your clients the answers to life's questions but being a life coach is about having the confidence to try.

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As a life coach you might feel that you have a lot to lose by seeking to attract more clients. Perhaps you feel that you are taking a risk by investing in advertising and employees. However, you can't accomplish anything without taking a risk. Yes, there is always a slight chance that you might break even, or possibly even lose money. However, from being a horseback rider I know that if you aren't willing to lose money than you aren't willing to gain money either. I made an investment in my horse when I first bought him. I didn't buy him with the intention of becoming a millionaire...after all going into the horse business isn't exactly profitable. I bought my horse with the intention of being happy and if I don't spend money to compete I can't make more money to compete. Yes, I might lose money and have to take some time off but if I don't try then what is the point to having a horse in the first place? If I don't take risks than he isn't living up to his potential and I am not living up to mine? Are you living up to yours?