2. The ability to manage change is a valuable skill
We live in a dynamic changing world
We all must change
Change can be difficult. It may not work out
Change requires effort, discomfort, cost, and the
unexpected
AHaller
3. We want progress without change. This is
unreasonable
People differ as to what they can tolerate
People have different motivations to change
We change more often when we feel the heat and
not see the light
4. To do nothing is a risk. Zero risk is impossible
A risk means a bet. We never know exactly what
affects the outcome. Uncertainty creates a tension. We
avoid risk.
Should our decision go wrong we face regret, blame,
fear, and shame. (Insurance reduces risk)
Risk generates excitement
5. People are shy and timid about seizing
opportunities
We are more prone to take a risk to avoid a great
lost than attempt a greater gain. We focus on what
we will lose and not gain.
Risk attitude can change depending on how a
question is posed.
6. There is a high price to ownership. We fall in love
with what we have
We overvalue everything we own. Why did so
many not get out of real estate in 2008
We assume wrongly others see the transaction the
same way we do
7. Ownership is true of intangible items like ideas. We
love an idea more than it is worth
We have trouble abandoning the idea. When the facts
change. Should I change?
We get rigid and inflexible
Ideas are like toothbrushes – everyone has one but we
do not want to use another’s idea as it was not our own
8. Buyers do not want our house. They want their
own version of our house
Our bias distorts reality. We are subjective
creatures.
Therefore seek advice and feedback
9. By making one choice we forfeit another
Doors close on more important opportunities. Why? We
get distracted by minor concerns. We wish to avoid
tough decisions.
Acting decisively means what is chosen is best at the
moment. The decision will be imperfect. A well intended
decision cannot guarantee success.
We cannot see every contingency or ripple effect.
A poor decision sometimes works in spite of our
impulsiveness or recklessness or neglect or ignorance
10. Time is finite
Opportunities are few
Our endurance has an upper limit
Our economic resources have limits
11. Beggars cannot be choosers. Work with what you
have!
Burning our bridges or boats will motivate us.
Focus on the future to make our choice succeed.
Andy Andrews Burn the Boats
Such decisions motivate us. Succeed or fail.
Survive or perish. Failure is not an option.
