Avoid These Common Risk Reduction Pitfalls

Effectively mitigating risk in your business and personal life equates to more success and less financial loss and wasted time.

Conventional security related risk reduction methods, such as private investigators, background checks, and psychologist interviews are advantageous much of the time.

However, relying exclusively on traditional security related risk reduction methods is ill-advised because these methods aren’t foolproof.

Unconventional security investigation methods, such as the ones I offer, aren’t infallible 100% of the time either, but they can be effective in cases where traditional methods offer limited results.

Examples of traditional methods offering limited results include the following: the subject either refuses to do an in-person psychologist interview or it isn’t feasible; the subject is talented at evading detection, so a private investigator won’t find anything amiss; the subject’s record is clean, but he or she possesses one or more hidden personality disorders.

You’ll reduce the greatest amount of risk possible with a thorough range of checks and balances, utilizing both conventional and unconventional methods.

Below I list common risk reduction pitfalls, and how to avoid them.

1. A potential business partner impresses you so much you merely ask around about her reputation. But you fail to discover hidden problems, which sets you up for a rough partnership. Save yourself a lot of hassle by first finding out about any personality red flags, along with her true motivations, and the natal compatibility.
2. A star employee seems to do no wrong, until you place him in the wrong position. Skip this problem by first discovering if the new responsibilities fit his abilities.
3. You’re considering five different prospects for a new associate hire. Each has the necessary background, skills, and success. Discretion and confidentiality are vital. Are you really going to merely trust your gut after speaking with their former supervisors? That could be a costly mistake, considering the high percentage of new hires that don’t live up to expectations. Avoid that trouble by finding out about their potential red-flag attributes, and level of discretion before you hire.
4. You’re excited about a new addition to your business and are in the process of planning the date of the initial launch to your potential customer base. You could launch whenever you’re finally prepared to do so, or you could optimize the success of your launch by identifying precise, optimum windows of time within the existing timeframe you expect to launch. Additionally, the approximate date and time of the original idea, and when you tentatively plan to launch (before consulting with an expert about personal timing), speak volumes about the success of the endeavor. Success, learning experience, or disaster scenarios are discernable through personal timing analyses.
5. Your new romantic interest seems like a dream come true, until it turns into a nightmare. Instead, sidestep misfortune. The approximate time and date you first connected, natal compatibility, along with your collective timing tells the truth of the matter: rewarding romantic partnership, terrible connection, or somewhere in the middle.

Unconventional, along with conventional, security investigations are a fantastic way to avoid risk reduction pitfalls, giving you a huge advantage and peace of mind.

Copyright © 2018 Scott Petullo