27 January 2009

"I won't hesitate no more, no more..." Part of a line of Jason Marz's grammy winning song "I'm Yours". Granted it's about love, but there are some good lines in there about risk.

If you want to follow God's plan for your life, risk is a requirement. Is God leading you to do something that will take risk? Here are 9 rules for managing risk.

9 Rules of Risk Management
1. Rewards go to those who take risks
Jesus said, “Whoever loses his life for my sake will find it.”
2. Risks should be fully understood
Jesus said, “But don’t begin until you count the cost.”
3. Risk is measured and managed by people, not mathematical models
Jesus said, “Take my yoke upon you, let me teach you…”
4. Question the assumptions you make
Peter said, “I will never deny you,” Yet when pressure came, he did just that.
5. Risks should be discussed openly
Jesus promised, “If they hated me, they will hate you.” He said “when you are brought before the authorities,” not if.
6. Multiple risks will bring more consistent rewards
Parable of the Talents
7. A consistent and rigorous approach will beat a constantly changing strategy
Parable of the Persistent Widow
8. It is better to be approximately right than to be precisely wrong
The Letters to the Seven Churches in Revelation
9. Decisions should be made only by considering the risk and return of the possibilities
Paul, “Counts all things but loss for the surpassing worth of knowing Christ Jesus my Lord.” Thus… “For me to live is Christ and to die is gain.”