Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: ruclips.net/channel/UCacX6JAo1EpmxT91r6VH53g
Evan Carmichael if all people become rich are you willing to buid your own business building establisments,are you willing to build your own mansion? You have no helper because all people are supposed to be rich...You have to cook your own food,drive your car because you can't hire a helper if supposed to be all are rich..
I feel the top 5 reasons most people are broke is Because: 1. They invested money (that they didn’t have) in things that didn’t end up serving them 2. They aren’t willing to sacrifice anything for the greater good or do things that are difficult and risky in a smart way 3. Their mindset holds them back (perpetual complainers, never shows gratitude, highly cynical, thinks everything’s a scam, believes they can’t help others because they don’t have enough of anything, etc. 4. They have low to no self confidence or self esteem 5. They don’t prioritize their happiness I could go on, but from my observation growing up in the lower middle to working class, these are the most common.
Most important in my opinion is - they believe the only way to become rich is to steal from everybody else or to commit crimes. That was the main belief in my family.
1 they are broke because they don't have enough money to get up again ,even they don't have enough money to live lavish life . Ur told reasons are old and clumsy
Hey Evan, great value here!! Dan Lok is just a real hustler. Everyone who actually studies his work must admit that. So the haters should do their homework, first. 🚀
I enjoyed spending time with this guy today. Loved the points he was making. What stood out for me was 'If you are good at something, don't do it for free'. I would like to correct him respectfully about doing what you love...it is not a crock, he took it out of context as it was meant to be in reference to a job, not just ANYTHING. Be that as it may, I love this guy's spirit - I love anyone who is doing what they love to do! *Something that struck me was the mentorship comment with the 12k. It reminded me of the verse in the Bible, "To those who have, more will be..." you know the one.
My uncle also started bagging at the Wendixi grocery store. He didn’t become a millionaire over night much like my father, grandfather ,their only ones I’m related to that are successful. My father was a felon in prison when he got out he changed his mind set after many years he finally bought his first Denali he could have afforded one 15+ years ago but he refused to buy one until he could afford to buy it. I wasn’t raised by my Father I was raised with a poor mind set because I was from a poor place Oak Hill WV it has taken so many years to get to this point today and I finally get it and now I must implement I’m determined to make my f u money I’m going to master every high income skill I can I have never had the drive to learn like I do today thank you Jesus and Sifu Dan
This video is super helpful and informative. I’ve had several people say “well why should I pay you to help me?” Because I’m spending my time, I’m putting in effort and if you’re not willing to invest in YOURSELF, then why should I take you serious?
I really like the concept of; Do what you love and it's the only job i would do for money. Don Lok offers some valuable insight into how to acheive real success and overcome a broke mentality into a wealthy thought process of knowledge and experience. Thanks Evan for another #inspiring post.
I love listening to Dan Lok. (Thank you for toning down his language.) 👍 For the first time in my life I understand having a "mindset change". My mind has changed towards money. We've gotten out of debt a few different times only to get right back into it. I'm going to make our money work for us this time. For the fist time. I've never been so excited about not having enough money to make the month work all the way to the end! Especially since there isn't enough to work with. Lol We will never use our money the way we have in the past. It just took a brain change in my head. 😉 As we go along I'll have enough room in my head to be an entrepreneur and change the world. 😁 I #share because I #believe. 👌
HI DAN LOK. I AM FOLLOYING YOU AND YOUR WAY. IT IS REALLY AND REALLY AND REALLY HELPFUL TO ME. KEEP PROVIDING YOUR KNOWLEDGE AND SERVE THE WORLD. GOOD BLESS YOU.
Love listening to Dan lok this guy is hilarious love your teachings Mr Lok keep teaching the best u know God bless u always ❤️❤️ thank u for this video
The 3 mentors I have in my life are my Father, Evan Carmichael and my friend Charlie O'shea. I can reach out to them by making certain that they know I want to learn from their experiences and apply that to my life. One question I have for them is what is the key to balancing work and play.
Bear Wolf He just throwing it out there, and I feel a transitioning going on. He was just thinking out loud. But no more. You are never too old, to realize and learned where you went wrong...
Best way to find reason why you found validation in helping others to the detriment of yourself, is to look at your psychology and become aware of what and why certain factors influence you. Without understanding yourself and the root cause, you’ll just repeat your cycle even when you watch motivational videos
I am 100% sure I am broke because of me. I've had numerous bad breaks and had a terrible start in life but, ultimately, I could've been in so much of a better position if I weren't my own biggest obstacle. Wasted money on drugs, smoking, gambling, caught in a perpetual cycle of unhappiness and coping mechanisms but I know if I'd made sacrifices, put in the effort and had discipline, nothing could've stopped me. The change has begun, no excuses, full acceptance and taking of responsibility, having discipline and maintaining willpower, now becoming successful is my coping mechanism. It's the one thing I've been able to stick at without immediate reward or satisfaction. Currently I only have £600 saved up but adding to it weekly while I gain necessary knowledge of branding, marketing, my industry etc I am motivated, passionate and certain of my success. I hope in 1-2 years I can come back to this comment and show positive results, whether as an individual or an entrepreneur
Risk is something every leader knows well. No decision in any organization occurs without some potential for loss. We all need to become comfortable with some risk. We are never going to eliminate all risk. So our best course of action is to prioritize risks so that we can manage those risks that are the most dangerous to our organization effectively before they have the opportunity to negatively impact us. In considering how to manage risk, there are really 3 big areas that you need to account for: Risk in execution Risk in integration Risk of the unknown Addressing each of these risk factors in a way that allows you to take advantage of the best opportunities should be an ongoing consideration. While you never fully eliminate risk, you can practice getting better at managing risk in a way that it doesn’t cripple our ability to take advantage of opportunities. What Does Managing Risk Look Like? At its most simple, risk management is a process of forecasting and planning for potential challenges to your business or project. When done correctly, risk planning enables you to prioritize risk and work to eliminate or lessen the impact of the potential risks on your project or business. 1. Identify the risks: ID potential risks to your project or outcomes. 2. Analyze: Analyze your risks and their likely impact on the project. 3. Prioritize risks: Rank the risks according to likelihood they will happen and how much damage they can cause. 4. Mitigate the risk: Take the most challenging risks and work to get in front of them before they start causing trouble. 5. Monitor: Keep an eye on the risks you planned for and make sure you maintain awareness of new risks that may be coming in your direction. The key with risk management is to do it early and often. Waiting on risk planning is almost guaranteed to lead you to a position where you are tense, stressed out, and dealing with something that may have been avoided…and probably should have been. So how should you approach risk management when working within the 3 big risk areas? ü Risk In Execution This probably jumps out to most of you right away. How to make a project come in on time, on budget, and successfully is often the first consideration that comes to people’s minds when they are tasked with a new project or trying to build up a new idea. Risk during the execution stage comes down to planning for what could potentially happen. The great thing about planning for execution and managing risk aggressively is that early on in a project, you are going to have the best chance to mitigate these issues because you are going to have the best access to people, money, schedule flexibility, and any other potential factors that you can use to manipulate the project in your favor. This means that you also have the most opportunity to shut down risks and control them. big issues that can torpedo your initiative that can be managed and planned for early include: Ø Budget: Do you have enough money to finish this initiative on time? Ø People: Do you have the right people? Enough people? Ø Technology or equipment: Do you have the tools you need? Ø Stakeholders: Have your stakeholders bought in? Are you aware of your champions? And, do you know who your detractors are? The key here is if you spend time planning in advance of the first action, you can take a lot of risk off the table early. This is always going to be cheaper and more effective than dealing with it later. ü Risk and Integration Integration often comes to mind when we talk about mergers. That idea helps us here as well. Any number of reasons can cause the integration to fail. The best way that I have for thinking about integration and risk is to keep in mind that integration is about change. This will help you plan and manage the process more effectively. Here are some ideas and guidelines to help you ensure that integration is as seamless as possible. Make sure your initiative isn’t disruptive of other operations: In some instances this is going to be unavoidable. In most, the new initiative is going to become part of operations. The risk here lies in making sure you are aware of whether or not you want the new process or tool to supersede the old. Ensure you have the proper buy-in: Buy-in can make or break your integration. There is tremendous risk in not having the right people on board. So always focus on the key people that you need to support you. Understand the complexity of what you are attempting: Any project is complex. Even the simplest ones require a certain amount of understanding and new skills. To make sure that you don’t fail here, you need to make sure that you understand the amount of fear that is derived from change coming into an organization. This list is far from comprehensive. But it outlines the idea that even as you have planned out risk in the execution process, it doesn’t mean that you are finished worrying about risk. Risk is something that is going to be with you until the last task is finished. ü The Great Unknown Probably the toughest thing to manage is the unknown. The unknown is difficult to manage because you really are making plans for things that you can hardly imagine, but you still have to plot risk on your project. That makes managing the risk of the unknown a bit of an art. In the real world, we have seen more powerful storms than ever before with Hurricane Sandy, super storm Sandy, and Hurricane Irma. These events have been called “100 year storms” to explain the incredible rarity of these events. For us, we can consider them unknowns. The way that Irma was handled in Florida is a great lesson in how we should think about attacking and dealing with potentially catastrophic unknowns. The action steps are telling and instructive: As the storm began to consistently track towards a direct hit of Florida, Florida’s governor immediately began emergency prep, calling for evacuations, and putting a plan to mitigate risk from the storm into effect. With each passing day, the governor continued to advance the communications that the storm was dangerous while giving his teams the resources to evacuate populations, solidify structures, and buttress as many vulnerabilities as possible. During the storm, federal, state and local officials continued to monitor the storm and its impact and worked to take action as soon as it was safe to return to the streets. In the aftermath, the planning allowed the entire disaster relief team to move at once to rescue, repair what could be handled immediately so that they could move quickly onto the long-term rebuilding that would be needed in certain areas. While simplistic, the example teaches us a few things about managing the risk of the unknown that can be applied in any situation. Monitor your environment constantly. You don’t know when an unknown is going to interrupt your project. So you have to keep a level of awareness that enables you to identify them as early as possible. Communicate the risk and potential implications of this unknown consistently. Because these things are rare, you often have a level of reluctance to act. You must use consistent communication to overcome this. Make sure you have a way to deal with the ongoing crisis. It’s unlikely that you are going to have perfect information before or during a major You can make sure that you are doing everything to monitor the issue, control for it, and use your resources effectively to manage it. Once the unknown risk has passed, you are going to have to recover from the disruption. This will take some creativity and some persistence. Because the risk was unknown, you won’t really know what you are dealing with until after the crisis has fully passed. This is its own form of unknown. So, make sure that you are clear about getting all the information on the table ASA Having the clearest picture of what you should overcome will enable you to take the most aggressive action to get back on firm footing. The key to managing the unknown is to have a plan of attack, maintain flexibility, and to always make sure you are learning the reality of the situation so you can adjust your actions accordingly. In truth, that is the key to successfully managing risk for any initiative or at any stage of a project. Because the likelihood of you finding a risk-free project is probably like having another unknown never disrupt another project. You can’t avoid risk, but you can prepare for it.
Thank you very much for your suggestion but it would be great if you could post your request under this video: ruclips.net/video/0arZb0xLIDM/видео.html If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA1062 Luka
@@EvanCarmichael i just want to tell you that i admire your work, im inspired by your videos and i would like to do some business with you, if its interesting for you contact me at shimipichadze@gmail.com
Money is important of course. Money cant buy happiness but without monies you cant do many things which in turn lead to unhappiness. What is meant that you need to get that monies outside but you cant be blinded just by monies alone.
Our editors are using Adobe Photoshop, and for editing videos they are using both Adobe Effects and Premier. You might want to check out: ruclips.net/video/MjBoQR8TPhY/видео.html I hope that helps. :) #BelieveNation #BTA1239 Luka
Hello Evan Carmichael, ( I have an idea :D ) I really like your videos because they bring so much important and often also life changing information to me. I changed my mindset and my attitude towards life. And a good part why that happened can be traced back to your videos. So I have an idea for your next video. How about you do a Top 10 rule video on the popular streamer Ninja. So you might be thinking that it is not the greatest idea and that the personality of Ninja might not fit into the roster of people that are already on your channel. And you very well might be right. However, and here is point. A lot of young kids like Ninja and search him on RUclips regularly. If some of them clicked on one of your videos instead and watch it because they see Ninja they may learn important lessons. And furthermore the chance that they click on your channel after they saw a video they liked are not too bad :) And in case this happens these kids will receive lots of important information right when they need it the most. I hope I could somehow make you interested in this idea, have a great day Best of Wishes to everyone Panda
Thank you very much for taking the time to leave your request. I will pass it along to the team. Evan already mentioned Ninja as an example for practice and being the best, so we will definitely consider it (if there's enough available clips). Much love! :) #BelieveNation #BTA1061 Luka
I tried to join the webinar twice and both times nothing happens. When the clock countdown was at "0" I couldn't hit play..... You have to give your e-mail address first, of course. Live chat was out "due to technical" issues. Would have been nice to hear what he has to say in a "live" webinar. Back to the videos lol.
For me God is in control of everythings happens in the world...Including the life that we haave, God is the designer of all things including the standard of living....If you are rich God assigned you to become rich likewise if you are broke God assigned you to become broke so that the world function.....without poor people the world never move...No cities,no buildings,no hotels, no mansions because construction worker are broke and that is their job...
People are broke because they inherited poverty and was taught and believe in a nutshell that some are poor while some will become rich and then powerful and that's the way its is and has always been .......but whyyyyy?the truth is you do have to change your mindset toward wealth...if you are like most...if not you where likely born into wealth or new of someone that had inside knowledge that believe in your success or your failure could be profitable for them...wait what was i saying oh yeah....rich people don't want everyone to be rich because what would that make them?rich is not about how much money you have or what you can buy....comfort maybe...but when you buy everything you want and everything everyone else got what do you buy then?influence power.peoples time are all resources Some remain broke because it is profit for others simply put.
Thank you very much for your suggestion but it would be great if you could post your request under this video: ruclips.net/video/0arZb0xLIDM/видео.html If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA1061 Luka
#1 Change mindset and take control of your life. Go to meet-up or facebook groups with entrepreneurs/investors, Read books like Napoleon Hill "Think and grow Rich", Robert Kiyosaki "Rich Dad, Poor Dad, and "Big Potential". Dream big, set down an imagine your "dream" life in HD and then begin to reverse engineer that life. What steps do you need to get there? Take action. #2 I like Dave Ramsey plan to start financial freedom cause it is very simple and focused. Step 1--$1,000 emergency fund. Step--2 Debt snowball (pay smallest balances on debt first then work up to bigger balances) except mortgage. Step 3--Fully funded emergency fund (3-6 mo expenses). Do these steps in LION Mode, doing whatever it takes to increase income and reduce expenses. Should be able to knock these out in under 24 months. (Don't worry about investing until you've got these 3 steps under your belt cause you'll have some security and won't be as tempted by get-rich-quick schemes and "hot" stock tips) #3 Learn everything you can about investing. I checked out every book on investing at local library and read everything at Barnes and Noble. Started to take some investing seminars, e-courses, etc. Then decide what strategies work for you and your goals. Again surround yourself with investors not W-2 wage earners. I paid a CFP a flat annual fee for advice too, but still make all investing decisions yourself.
James gave you some amazing suggestions on how to get unstuck. I couldn't have said it better! Get AFTER IT! Stop overthinking things and letting your feelings drag you down, and start moving and take action! Small steps lead to greatness. Time to make a change :) #Believe #BTA1218 Luka
Looking for more of my Top 10 and Top 50 Rules for Success? They are now on their own channel. You can subscribe here: ruclips.net/channel/UCacX6JAo1EpmxT91r6VH53g
Evan Carmichael if all people become rich are you willing to buid your own business building establisments,are you willing to build your own mansion? You have no helper because all people are supposed to be rich...You have to cook your own food,drive your car because you can't hire a helper if supposed to be all are rich..
Evan, are you sure Dan Lok isn‘t a scammer? Did you see some of the videos from coffeezilla?
I feel the top 5 reasons most people are broke is Because:
1. They invested money (that they didn’t have) in things that didn’t end up serving them
2. They aren’t willing to sacrifice anything for the greater good or do things that are difficult and risky in a smart way
3. Their mindset holds them back (perpetual complainers, never shows gratitude, highly cynical, thinks everything’s a scam, believes they can’t help others because they don’t have enough of anything, etc.
4. They have low to no self confidence or self esteem
5. They don’t prioritize their happiness
I could go on, but from my observation growing up in the lower middle to working class, these are the most common.
I liked this "They believe they can’t help others because they don’t have enough of anything" Thank you
Thank you for sharing with us, Haneef. Much love! #BelieveNation #BTA1062 Luka
Most important in my opinion is - they believe the only way to become rich is to steal from everybody else or to commit crimes. That was the main belief in my family.
1 they are broke because they don't have enough money to get up again ,even they don't have enough money to live lavish life .
Ur told reasons are old and clumsy
I`m broke because I used my bones and not my brains.
Hey Evan, great value here!! Dan Lok is just a real hustler. Everyone who actually studies his work must admit that. So the haters should do their homework, first. 🚀
Thanks for sharing! :) #BTA1217 Luka
I enjoyed spending time with this guy today. Loved the points he was making. What stood out for me was 'If you are good at something, don't do it for free'. I would like to correct him respectfully about doing what you love...it is not a crock, he took it out of context as it was meant to be in reference to a job, not just ANYTHING. Be that as it may, I love this guy's spirit - I love anyone who is doing what they love to do! *Something that struck me was the mentorship comment with the 12k. It reminded me of the verse in the Bible, "To those who have, more will be..." you know the one.
Thank you for sharing with us and thanks for watching :) #BTA1062 Luka
My uncle also started bagging at the Wendixi grocery store. He didn’t become a millionaire over night much like my father, grandfather ,their only ones I’m related to that are successful. My father was a felon in prison when he got out he changed his mind set after many years he finally bought his first Denali he could have afforded one 15+ years ago but he refused to buy one until he could afford to buy it. I wasn’t raised by my Father I was raised with a poor mind set because I was from a poor place Oak Hill WV it has taken so many years to get to this point today and I finally get it and now I must implement I’m determined to make my f u money I’m going to master every high income skill I can I have never had the drive to learn like I do today thank you Jesus and Sifu Dan
Thanks for sharing your story, keep it going. :) #BTA1281 Luka
This video is super helpful and informative. I’ve had several people say “well why should I pay you to help me?” Because I’m spending my time, I’m putting in effort and if you’re not willing to invest in YOURSELF, then why should I take you serious?
Glad it's helpful to you! :) #BTA1191 Luka
The headache for rich people is to go broke.....thanks brother
Before you can ever accomplish anything , you first have to believe in yourself !
#Believe :) #BTA1061 Luka
Word up son
‘Ohhh money isn’t that important, wait let me think, oh YOUR BROKE’ 😂😂😂
#Believe :) #BTA1647 Veljko
I really like the concept of; Do what you love and it's the only job i would do for money. Don Lok offers some valuable insight into how to acheive real success and overcome a broke mentality into a wealthy thought process of knowledge and experience. Thanks Evan for another #inspiring post.
Do what you love! #Believe :) #BTA1061 Luka
I love listening to Dan Lok. (Thank you for toning down his language.) 👍
For the first time in my life I understand having a "mindset change". My mind has changed towards money. We've gotten out of debt a few different times only to get right back into it.
I'm going to make our money work for us this time. For the fist time.
I've never been so excited about not having enough money to make the month work all the way to the end! Especially since there isn't enough to work with. Lol
We will never use our money the way we have in the past. It just took a brain change in my head. 😉
As we go along I'll have enough room in my head to be an entrepreneur and change the world. 😁
I #share because I #believe. 👌
Thank you for sharing with us, Tamera. Keep it on! #Believe :) #BTA1062 Luka
@@EvanCarmichael 👌👌👌
HI DAN LOK. I AM FOLLOYING YOU AND YOUR WAY. IT IS REALLY AND REALLY AND REALLY HELPFUL TO ME. KEEP PROVIDING YOUR KNOWLEDGE AND SERVE THE WORLD. GOOD BLESS YOU.
Thanks for watching! :) #BTA1258 Luka
ME TOO!!!!
Love listening to Dan lok this guy is hilarious love your teachings Mr Lok keep teaching the best u know God bless u always ❤️❤️ thank u for this video
Thanks for watching :) #BTA1336 Veljko
This guy is great! Comes from the Dan Pena school! Incredible. Cheers from Chile Evan!!
:) #BTA1189 Luka
Beautiful. Thank you!
Glad you enjoyed it :) #BTA1306 Luka
The 3 mentors I have in my life are my Father, Evan Carmichael and my friend Charlie O'shea. I can reach out to them by making certain that they know I want to learn from their experiences and apply that to my life. One question I have for them is what is the key to balancing work and play.
Thank you for sharing with us. Much love Stephen :) #BTA1061 Luka
@@EvanCarmichael your very welcome.
4:58 caught me off guard but, was hilarious. The stuff about closing was incredible!
:) #BTA1217 Luka
Dan Lok is freaking killing it
:) #BTA1192 Luka
Thank you, Dan All Great Points to be Successful in Sales in Life. 💯😁👏🏿🤛🏾🤜🏾Thanks For Sharing. Very Informative.
Glad you enjoyed it Renould! :) #BTA1262 Luka
This guy is so smart and practical
Thanks for watching! :) #BTA1065 Luka
Danlok is supersmart, 🥂
💛😊 #Believe - Dondon
This video is very motivating. Thanks for sharing
Glad you're feeling motivated :) #BTA1244 Luka
I am 54 I am broke because I have spent a lifetime looking after everyone’s needs but my own ,and not valuing myself enough
Thank you for sharing with us. Taking the responsibility is a huge step. #Believe :) #BTA1123 Luka
So are you gonna make a change, or just tell us about your life story that nobody cares about
Bear Wolf
He just throwing it out there, and I feel a transitioning going on. He was just thinking out loud. But no more. You are never too old, to realize and learned where you went wrong...
It's not too late Maggie. Col. Sanders started at age 70.
Best way to find reason why you found validation in helping others to the detriment of yourself, is to look at your psychology and become aware of what and why certain factors influence you. Without understanding yourself and the root cause, you’ll just repeat your cycle even when you watch motivational videos
Good work here believe nation, how come i never saw all these videos of Dan Lok? I admire him more...
There's a lot of great videos, keep exploring :) #BTA1267 Luka
Great video, interesting point on save yourself before saving the world
Glad you like it :) #BTA1061 Luka
*It’s no use going back to yesterday, because I was a different person then.*
Thank you for sharing with us and thanks for watching :) #BTA1061 Luka
@@EvanCarmichael Thank you! :)
I am 100% sure I am broke because of me. I've had numerous bad breaks and had a terrible start in life but, ultimately, I could've been in so much of a better position if I weren't my own biggest obstacle.
Wasted money on drugs, smoking, gambling, caught in a perpetual cycle of unhappiness and coping mechanisms but I know if I'd made sacrifices, put in the effort and had discipline, nothing could've stopped me.
The change has begun, no excuses, full acceptance and taking of responsibility, having discipline and maintaining willpower, now becoming successful is my coping mechanism. It's the one thing I've been able to stick at without immediate reward or satisfaction.
Currently I only have £600 saved up but adding to it weekly while I gain necessary knowledge of branding, marketing, my industry etc I am motivated, passionate and certain of my success.
I hope in 1-2 years I can come back to this comment and show positive results, whether as an individual or an entrepreneur
Thanks for sharing your story, glad to hear that you are motivated, you can do it, and we will be expecting that comment #Believe :) #BTA1500 Veljko
12:12 FUCKING BRILLIANT ANALOGY!!
Lol. Thanks for watching! :) #BTA1263 Luka
Risk is something every leader knows well. No decision in any organization occurs without some potential for loss.
We all need to become comfortable with some risk. We are never going to eliminate all risk. So our best course of action is to prioritize risks so that we can manage those risks that are the most dangerous to our organization effectively before they have the opportunity to negatively impact us.
In considering how to manage risk, there are really 3 big areas that you need to account for:
Risk in execution
Risk in integration
Risk of the unknown
Addressing each of these risk factors in a way that allows you to take advantage of the best opportunities should be an ongoing consideration. While you never fully eliminate risk, you can practice getting better at managing risk in a way that it doesn’t cripple our ability to take advantage of opportunities.
What Does Managing Risk Look Like?
At its most simple, risk management is a process of forecasting and planning for potential challenges to your business or project.
When done correctly, risk planning enables you to prioritize risk and work to eliminate or lessen the impact of the potential risks on your project or business.
1. Identify the risks: ID potential risks to your project or outcomes.
2. Analyze: Analyze your risks and their likely impact on the project.
3. Prioritize risks: Rank the risks according to likelihood they will happen and how much damage they can cause.
4. Mitigate the risk: Take the most challenging risks and work to get in front of them before they start causing trouble.
5. Monitor: Keep an eye on the risks you planned for and make sure you maintain awareness of new risks that may be coming in your direction.
The key with risk management is to do it early and often. Waiting on risk planning is almost guaranteed to lead you to a position where you are tense, stressed out, and dealing with something that may have been avoided…and probably should have been.
So how should you approach risk management when working within the 3 big risk areas?
ü Risk In Execution
This probably jumps out to most of you right away. How to make a project come in on time, on budget, and successfully is often the first consideration that comes to people’s minds when they are tasked with a new project or trying to build up a new idea.
Risk during the execution stage comes down to planning for what could potentially happen. The great thing about planning for execution and managing risk aggressively is that early on in a project, you are going to have the best chance to mitigate these issues because you are going to have the best access to people, money, schedule flexibility, and any other potential factors that you can use to manipulate the project in your favor.
This means that you also have the most opportunity to shut down risks and control them.
big issues that can torpedo your initiative that can be managed and planned for early include:
Ø Budget: Do you have enough money to finish this initiative on time?
Ø People: Do you have the right people? Enough people?
Ø Technology or equipment: Do you have the tools you need?
Ø Stakeholders: Have your stakeholders bought in? Are you aware of your champions? And, do you know who your detractors are?
The key here is if you spend time planning in advance of the first action, you can take a lot of risk off the table early. This is always going to be cheaper and more effective than dealing with it later.
ü Risk and Integration
Integration often comes to mind when we talk about mergers. That idea helps us here as well.
Any number of reasons can cause the integration to fail. The best way that I have for thinking about integration and risk is to keep in mind that integration is about change. This will help you plan and manage the process more effectively.
Here are some ideas and guidelines to help you ensure that integration is as seamless as possible.
Make sure your initiative isn’t disruptive of other operations: In some instances this is going to be unavoidable. In most, the new initiative is going to become part of operations. The risk here lies in making sure you are aware of whether or not you want the new process or tool to supersede the old.
Ensure you have the proper buy-in: Buy-in can make or break your integration. There is tremendous risk in not having the right people on board. So always focus on the key people that you need to support you.
Understand the complexity of what you are attempting: Any project is complex. Even the simplest ones require a certain amount of understanding and new skills. To make sure that you don’t fail here, you need to make sure that you understand the amount of fear that is derived from change coming into an organization.
This list is far from comprehensive. But it outlines the idea that even as you have planned out risk in the execution process, it doesn’t mean that you are finished worrying about risk. Risk is something that is going to be with you until the last task is finished.
ü The Great Unknown
Probably the toughest thing to manage is the unknown.
The unknown is difficult to manage because you really are making plans for things that you can hardly imagine, but you still have to plot risk on your project.
That makes managing the risk of the unknown a bit of an art.
In the real world, we have seen more powerful storms than ever before with Hurricane Sandy, super storm Sandy, and Hurricane Irma. These events have been called “100 year storms” to explain the incredible rarity of these events.
For us, we can consider them unknowns.
The way that Irma was handled in Florida is a great lesson in how we should think about attacking and dealing with potentially catastrophic unknowns. The action steps are telling and instructive:
As the storm began to consistently track towards a direct hit of Florida, Florida’s governor immediately began emergency prep, calling for evacuations, and putting a plan to mitigate risk from the storm into effect.
With each passing day, the governor continued to advance the communications that the storm was dangerous while giving his teams the resources to evacuate populations, solidify structures, and buttress as many vulnerabilities as possible.
During the storm, federal, state and local officials continued to monitor the storm and its impact and worked to take action as soon as it was safe to return to the streets.
In the aftermath, the planning allowed the entire disaster relief team to move at once to rescue, repair what could be handled immediately so that they could move quickly onto the long-term rebuilding that would be needed in certain areas.
While simplistic, the example teaches us a few things about managing the risk of the unknown that can be applied in any situation.
Monitor your environment constantly. You don’t know when an unknown is going to interrupt your project. So you have to keep a level of awareness that enables you to identify them as early as possible.
Communicate the risk and potential implications of this unknown consistently. Because these things are rare, you often have a level of reluctance to act. You must use consistent communication to overcome this.
Make sure you have a way to deal with the ongoing crisis. It’s unlikely that you are going to have perfect information before or during a major You can make sure that you are doing everything to monitor the issue, control for it, and use your resources effectively to manage it.
Once the unknown risk has passed, you are going to have to recover from the disruption. This will take some creativity and some persistence. Because the risk was unknown, you won’t really know what you are dealing with until after the crisis has fully passed. This is its own form of unknown. So, make sure that you are clear about getting all the information on the table ASA Having the clearest picture of what you should overcome will enable you to take the most aggressive action to get back on firm footing.
The key to managing the unknown is to have a plan of attack, maintain flexibility, and to always make sure you are learning the reality of the situation so you can adjust your actions accordingly.
In truth, that is the key to successfully managing risk for any initiative or at any stage of a project. Because the likelihood of you finding a risk-free project is probably like having another unknown never disrupt another project.
You can’t avoid risk, but you can prepare for it.
Thank you for sharing with us. #BTA1239 Luka
Thank you sir, You are really Asian Hero.
#Believe :) #BTA1606 Veljko
Find your strength and always improve!
#Believe :) #BTA1061 Luka
Thank you sir
Thanks for watching :) #BTA1308 Luka
What a fantastic combination so grateful Evan 😍
Glad you enjoyed it! :) #BTA1248 Luka
Great video! Dan Lok is inspiring.
Glad you enjoyed it Lisa :) #BTA1061 Luka
Funniest part of the video around 8 mins in! You single it's because you can't CLOSE 😎😎😂😂
Lol :) #BTA1213 Luka
What a great guy!
Thanks for watching :) #BTA1242 Luka
Thank you Sifu for changing my life. #HTC4LIFE
Much love :) #BTA1061 Luka
Thank you Evan , thank you Dan thank you for this video
Thanks for the love :) #BTA1061 Luka
I love this video! Thank you!
Glad you enjoyed it :) #BTA1304 Luka
thabks
You're welcome! 🥰 #Believe - Feb
I do love this video
Okay, thanks for the feedback. :) #BTA1281 Luka
Love it!!right motivation for today 😆😆soon doing my first calls..haha
Glad you're feeling motivated. Keep it up :) #BTA1279 Luka
Thank you so much for this video!! It is so valuable!!😍☺️✌🏼
Thanks for the love :) #BTA1062 Luka
"If you want to save the world you have to be able to save yourself first."
Agreed :) #BTA1314 Luka
Thank you so much for editing or the sensor of inappropriate words that distract from the meaningful content!
Thanks for the love :) #BTA1170 Luka
This Man is simply superb👌😍
Thanks for watching :) #BTA1070 Luka
Could you do a top 10 on tim han from success insider? Thanks a lot!
Thank you very much for your suggestion but it would be great if you could post your request under this video: ruclips.net/video/0arZb0xLIDM/видео.html If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA1062 Luka
(1)MORE SMART WORK-MORE MONEY MORE TIME MORE FOOD (LIFETIME EXPENSES(2)
#Believe :) #BTA1679 Veljko
Thanks, Evan, I appreciate your video's.
Thanks for the love :) #BTA1149 Luka
Don't worry! Souls first! Maybe I am still broken, heyheyhey!
Thanks for watching :) #BTA1339 Veljko
DanLok ... what a mativation ideas ... thanks for the video Evan
Thanks for the love :) #BTA1062 Luka
Love it Thanks Evan
Glad you like it Tarz :) #BTA1061 Luka
You're doing great job brother ❤
Thanks for the love :) #BTA1061 Luka
I gotta get out of debt 2 I will be rich one day ☝ ☝ ☝
23:20 lol 25:19 Thanks DAN LOK
such a great motivator
Thanks for watching :) #BTA1061 Luka
@@EvanCarmichael i just want to tell you that i admire your work, im inspired by your videos and i would like to do some business with you, if its interesting for you contact me at shimipichadze@gmail.com
Great video
Glad you like it! :) #BTA1212 Luka
WATCHING HEARING PROFITABLE ONLY WILL CONVERT IN RICH LIFE
#Believe :) #BTA1650 Veljko
🎶I don't wanna be broke no mo no mo.....I don't wanna be broke no more!🎶
:) #BTA1218 Luka
Motivating ❤👍
Glad you're feeling motivated :) #BTA1243 Luka
it IS READY FOR A MAGIC
Keep it up :) #BTA1264 Luka
Money is important of course. Money cant buy happiness but without monies you cant do many things which in turn lead to unhappiness. What is meant that you need to get that monies outside but you cant be blinded just by monies alone.
Thanks for sharing your thoughts. :) #BTA1217 Luka
Amazing!!
Thanks for watching :) #BTA1062 Luka
Awesome vedio.. really helpful.. could you please tell me which camera and video editing software you are using for your vedios..
Our editors are using Adobe Photoshop, and for editing videos they are using both Adobe Effects and Premier. You might want to check out: ruclips.net/video/MjBoQR8TPhY/видео.html I hope that helps. :) #BelieveNation #BTA1239 Luka
Hello Evan Carmichael, ( I have an idea :D )
I really like your videos because they bring so much important and often also life changing information to me. I changed my mindset and my attitude towards life. And a good part why that happened can be traced back to your videos. So I have an idea for your next video.
How about you do a Top 10 rule video on the popular streamer Ninja. So you might be thinking that it is not the greatest idea and that the personality of Ninja might not fit into the roster of people that are already on your channel. And you very well might be right.
However, and here is point.
A lot of young kids like Ninja and search him on RUclips regularly. If some of them clicked on one of your videos instead and watch it because they see Ninja they may learn important lessons. And furthermore the chance that they click on your channel after they saw a video they liked are not too bad :)
And in case this happens these kids will receive lots of important information right when they need it the most.
I hope I could somehow make you interested in this idea, have a great day
Best of Wishes to everyone
Panda
Thank you very much for taking the time to leave your request. I will pass it along to the team. Evan already mentioned Ninja as an example for practice and being the best, so we will definitely consider it (if there's enough available clips). Much love! :) #BelieveNation #BTA1061 Luka
@@EvanCarmichael Thank you very much!! And much love back :)
I tried to join the webinar twice and both times nothing happens. When the clock countdown was at "0" I couldn't hit play..... You have to give your e-mail address first, of course. Live chat was out "due to technical" issues. Would have been nice to hear what he has to say in a "live" webinar. Back to the videos lol.
Visit www.evancarmichael.com or @evancarmichael on Instagram :) #BTA1301 Luka
You have 2.2M subscribers and 130K views. Why don't people like good content? I watched almost all of your videos.
Who knows, thanks for that #Believe :) #BTA1560 Veljko
It depends on what country you live.
Does it?
Thank you for sharing with us. #BTA1061 Luka
Im pretty sure it doesnt apply everywhere
Is he giving conferences in ethiopia ?
This is lit🔥🔥🔥
Glad you like it :) #BTA1061 Luka
Dan lok the lead dog!!!
Dan Pena is the lead dog! I can hear his lines all the way through this chat
Thanks for sharing and thank you for watching :) #BTA1061 Luka
Wow
Thanks for the support. Glad you liked it. 😊💛 #Believe - Feb
If all people become rich...there are no construction workers to build a city? To build mansions, hauses,and any other building establisments?
Hmm, good question #Believe :) #BTA1589 Veljko
I will not ever be broke again not in this life. Absolutely not
Thank you for sharing with us. Much love Elijah! :) #BTA1062 Luka
HOW SHOULD BE CLEAR IN TERMS TARGET TIME CAPITAL &LITTLE RISK
#Believe :) #BTA1650 Veljko
I am a loser.
I live in the grind.
I'm just a number on the floor.
But that's social performance.
I am relatively content with my discontented soul.
Why is that? :) #BTA1277 Luka
@@EvanCarmichael
I'm a bum.
#7
:) #BTA1266 Luka
I want to learn business...
:) #BTA1361 Veljko
🗽
Thanks for watching :) #BTA1061 Luka
I just came to learn how to make money, first question, WHY ARE YOU BROKE??? I swear Evan you know why we come to these vids xD
Lol, thanks for watching :) #BTA1274 Luka
I would want to you to teach me more
Feel free to check out our other videos #Believe :) #BTA1578 Veljko
For me God is in control of everythings happens in the world...Including the life that we haave, God is the designer of all things including the standard of living....If you are rich God assigned you to become rich likewise if you are broke God assigned you to become broke so that the world function.....without poor people the world never move...No cities,no buildings,no hotels, no mansions because construction worker are broke and that is their job...
Thanks for sharing your thoughts #Believe :) #BTA1589 Veljko
Money buuuy happiness if i am on the Maldives i can not say i am not happy 🤣
Lol :) #BTA1279 Luka
Truly rich people DONT go around making star gets rich.
Thanks for watching Oscar :) #BTA1293 Luka
❤❤❤❤❤❤❤👌👏👏
💛😊 #Believe - Ahmed
👍
:) #BTA1179 Luka
How to close...
Thanks for watching, Miguel! :) #BTA1065 Luka
I'm broken because of negative peoples those who are offen say me that I cannot do anything else I can do anything else if it is possible for me
Sorry to hear that #Believe :) #BTA1500 Veljko
I want more time, I want to impact people..
Wow that's a very powerful plan! ❤️😊 #Believe -Ahmed
this guy is so funny! I love him ^_^
Those 3 landing questions are hard for me to answer in 1 go. I will have to think about it. :/
#bta21
Thank you for sharing with us. Much love Elisa :) #BTA1061 Luka
If all people become rich are you willing to build your own business buiding establisments? Are you willing to buid your own mansion?
Why not #Believe :) #BTA1589 Veljko
People are broke because they inherited poverty and was taught and believe in a nutshell that some are poor while some will become rich and then powerful and that's the way its is and has always been .......but whyyyyy?the truth is you do have to change your mindset toward wealth...if you are like most...if not you where likely born into wealth or new of someone that had inside knowledge that believe in your success or your failure could be profitable for them...wait what was i saying oh yeah....rich people don't want everyone to be rich because what would that make them?rich is not about how much money you have or what you can buy....comfort maybe...but when you buy everything you want and everything everyone else got what do you buy then?influence power.peoples time are all resources
Some remain broke because it is profit for others simply put.
Thanks for sharing your thoughts :) #BTA1297 Luka
#BTA53
#Believe :) #BTA1569 Veljko
TOP 10 RULES OF SUCCESS OF RYAN SERHANT (THE BILLION DOLLAR LISTING MAN)
PLEASE. THANK YOU
Thank you very much for your suggestion but it would be great if you could post your request under this video: ruclips.net/video/0arZb0xLIDM/видео.html If more people would vote or like your request and there are available videos/clips for it, we might do a Top 10 rules video for it. Much love. :) #BelieveNation #BTA1061 Luka
you
Much love :) #BTA1087 Luka
"You're not going to save the poor by being one of em."
:) #BTA1314 Luka
broke but wz arich mind will soon be there
Stay strong, Kirima! #Believe #BTA1061 Luka
Am 44yrs and broke.. feel stuck am employed bt am in debt where do i start... i want to be RICH, I hate tis mediocrity life
#1 Change mindset and take control of your life. Go to meet-up or facebook groups with entrepreneurs/investors, Read books like Napoleon Hill "Think and grow Rich", Robert Kiyosaki "Rich Dad, Poor Dad, and "Big Potential". Dream big, set down an imagine your "dream" life in HD and then begin to reverse engineer that life. What steps do you need to get there? Take action.
#2 I like Dave Ramsey plan to start financial freedom cause it is very simple and focused. Step 1--$1,000 emergency fund. Step--2 Debt snowball (pay smallest balances on debt first then work up to bigger balances) except mortgage. Step 3--Fully funded emergency fund (3-6 mo expenses). Do these steps in LION Mode, doing whatever it takes to increase income and reduce expenses. Should be able to knock these out in under 24 months. (Don't worry about investing until you've got these 3 steps under your belt cause you'll have some security and won't be as tempted by get-rich-quick schemes and "hot" stock tips)
#3 Learn everything you can about investing. I checked out every book on investing at local library and read everything at Barnes and Noble. Started to take some investing seminars, e-courses, etc. Then decide what strategies work for you and your goals. Again surround yourself with investors not W-2 wage earners. I paid a CFP a flat annual fee for advice too, but still make all investing decisions yourself.
James gave you some amazing suggestions on how to get unstuck. I couldn't have said it better! Get AFTER IT! Stop overthinking things and letting your feelings drag you down, and start moving and take action! Small steps lead to greatness. Time to make a change :) #Believe #BTA1218 Luka
@@jamesnewport4752 thanks
How can you reply every comment
Much love Hitesh. 💛😊 #Believe - Dondon
Hey Dan I have been email support to get into my account with no help or reply. I just want to get into program. Can you help me?/
We can't help you, this is Evan Carmichael channel, not Dan Lok's :) #BTA1413 Veljko
:-) :-)
Thanks for watching :) #BTA1062 Luka
With money you buy freedom, ore be a slave!
:) #BTA1307 Luka