RISK: A Recipe For Success

Risk is an aspect of action taken inspite of uncertainty, The concept of risk is the fortitude to bear a loss perhaps that's the reason most individuals prefer not to take risk. To be successful, you need to take risk and ignore fear because no successful  business man has gotten to the peak without having track records of risk taken. Jeff Bezos the world richest man said “To be successful in the world of business, be willing to take risk”. 

Risk are life time experiences; If you win you would be happy, If you loose you would be wise. Taking risks expands our courage and opens our initiatives, it exposes us to the dangers of the outer world and increases the capacity of our resilience. If we avoid risk we remain at inertia, The biggest risk is taking no risk. 

For example let's take the case of Africans foremost industrialist Aliko Dangote who has an estimated net worth of $15bn as of Dec; 2019. He invested $12bn on his refinary which will be officially active by the ending of this year. Despite getting support from other organizations, this man risked about 90% of his estimated net worth into his business, Now his refinary is capable of producing 650,000 barrels of refined oil per day(bpd), 10.4mt of gasoline, 4.6mt of diesel & 4mt of jet fuel a year, Furthermore it would annually produce 0.69mt of polyproplene, 0.24mt of propane, 32,000t of sulphur & 0.5mt of carbon black feed.

His refinary is expected to be the Africans biggest oil refinary and the world biggest single train facility. The integrated refinary and petrochemical projects is expected to generate 9,500 Direct and 25,000 indirect jobs. 

Never be scared of taking risk, For every risk taken is a cup of success to be cheered at the end. 

R - Rethink

I - I wount give up

S - be Smart

K - kick start