Perspectives on Risk Management--Part 1
09/22/2022
Following is part 1 of a 3-part series by Pete Weisenberger on Risk Management
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I’ve written a few articles over the past year on staying engaged in the present and planning on the future. In one word, attitude. Too much news, too much chatter and complaining about the way things are, who did what to who, and what should others be doing just dulls my attitude and enthusiasm.
No doubt, there are many interesting things to know about the world around us, things we should be aware of, and events that affect our lives and our livelihoods, either indirectly or directly. Situational awareness of things going on in the world is good to know and is useful in many ways. But how much will actually improve your daily progress in work and in life?
Trying to stay on point and accomplish meaningful objectives can be difficult amidst the noise and haste. I can get so easily distracted by everything going on around me I can easily lose focus on my daily work.
We need to know what’s going on in the world. We needn’t wear blinders and have tunnel vision, which leads to narrowmindedness and shallow thinking, preventing us from situational awareness. We need to focus on our situational awareness, not everyone else’s. Mental health, being the focus of a lot of press these days, is a real and important issue, not to be taken lightly.
Everyone has someone on which they rely for objective thought and reflection on the issues confronting them. They may not think they are relying on others as much as they are. But I submit that they are doing so. No one knows everything or has the right answer every time. An alternative perspective many times will open our eyes to an acceptable outcome.
We do need breaks regularly from putting our shoulder to the wheel, our nose to the grindstone every day. Balancing our lifestyle and our work responsibilities are key to our overall risk management strategies. We work hard, we play hard, we take downtime to clear our minds and relieve stress. Our avocations, our hobbies, our non-business interests coinciding with those of our families and friends are all important parts of our lives that make living worthwhile.
Building our businesses for long-term multi-generational success and viability requires a work-life balance that potentially can be overwhelmed by events outside our control. It is important to build our processes and procedures to the best of our abilities from the ground up (pun intended) to set boundaries, expectations, job descriptions, contingency plans, what-if scenarios, and financial goals. Putting together a team of trusted advisors, be it a formal board of directors or a kitchen table coffee klatch, is imperative to manage the multitude and variety of tasks and decisions that are be encountered each and every day. Obviously, the greater the scale, scope, variety, and complexity of operations, the greater the need for formal organizational structure, governance, and management. That is Risk Management 101.
BE RESOURCEFUL; BE OPEN TO ANSWERS FROM UNLIKELY PLACES.
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This article is the personal opinion and perspective of the author and may or may not be consistent with those of other ASAC Members. ASAC as an organization does not advocate positions on issues.
Pete Weisenberger
Weisenberger Agricultural Services, LLC
pete.weis0956@gmail.com
Following is part 1 of a 3-part series by Pete Weisenberger on Risk Management
= = = = =
I’ve written a few articles over the past year on staying engaged in the present and planning on the future. In one word, attitude. Too much news, too much chatter and complaining about the way things are, who did what to who, and what should others be doing just dulls my attitude and enthusiasm.
No doubt, there are many interesting things to know about the world around us, things we should be aware of, and events that affect our lives and our livelihoods, either indirectly or directly. Situational awareness of things going on in the world is good to know and is useful in many ways. But how much will actually improve your daily progress in work and in life?
Trying to stay on point and accomplish meaningful objectives can be difficult amidst the noise and haste. I can get so easily distracted by everything going on around me I can easily lose focus on my daily work.
We need to know what’s going on in the world. We needn’t wear blinders and have tunnel vision, which leads to narrowmindedness and shallow thinking, preventing us from situational awareness. We need to focus on our situational awareness, not everyone else’s. Mental health, being the focus of a lot of press these days, is a real and important issue, not to be taken lightly.
Everyone has someone on which they rely for objective thought and reflection on the issues confronting them. They may not think they are relying on others as much as they are. But I submit that they are doing so. No one knows everything or has the right answer every time. An alternative perspective many times will open our eyes to an acceptable outcome.
We do need breaks regularly from putting our shoulder to the wheel, our nose to the grindstone every day. Balancing our lifestyle and our work responsibilities are key to our overall risk management strategies. We work hard, we play hard, we take downtime to clear our minds and relieve stress. Our avocations, our hobbies, our non-business interests coinciding with those of our families and friends are all important parts of our lives that make living worthwhile.
Building our businesses for long-term multi-generational success and viability requires a work-life balance that potentially can be overwhelmed by events outside our control. It is important to build our processes and procedures to the best of our abilities from the ground up (pun intended) to set boundaries, expectations, job descriptions, contingency plans, what-if scenarios, and financial goals. Putting together a team of trusted advisors, be it a formal board of directors or a kitchen table coffee klatch, is imperative to manage the multitude and variety of tasks and decisions that are be encountered each and every day. Obviously, the greater the scale, scope, variety, and complexity of operations, the greater the need for formal organizational structure, governance, and management. That is Risk Management 101.
BE RESOURCEFUL; BE OPEN TO ANSWERS FROM UNLIKELY PLACES.
= = = =
This article is the personal opinion and perspective of the author and may or may not be consistent with those of other ASAC Members. ASAC as an organization does not advocate positions on issues.
Pete Weisenberger
Weisenberger Agricultural Services, LLC
pete.weis0956@gmail.com
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