Tag: risk

  • Risky Business

    Risky Business

    It’s late. Maybe it’s still February 26th? Maybe it’s the early morning hours of February 27th. I can’t remember. But I’m awake. Jackson is snoring next to me. Megan is tossing and turning in the next bed over.

    (more…)

  • It’s time to deliver

    Yesterday was gut check time. 

    I woke up anxious. At 5:00 am I got up to start re-working my WordCamp talk– scheduled for 4:00 pm. I added all new slides, completely reworked the content, and I seriously considered calling the organizer and telling him I was sick. Like all fears it was completely illogical.

    Why was I nervous? I was nervous because I knew that this was a big moment for my fledgling business, McLane Creative. The last thing I wanted was for the Southern California WordPress community to think I was lame or didn’t know what the heck I was talking about.

    It was a risk. And the closer my time got the more it felt like a stupid risk to take. I’d never even been to a WordCamp… much less spoke at one. What the heck was I thinking?

    After lunch I went to my car and went through the talk 2 times all the way through. After the first time I actually started the car to drive home. I had sat in on a couple other sessions and I knew my talk was drastically different from the style of everyone else’s. This compounded the risk. And it felt like a dumb risk to take. My instinct was saying, BAIL, BAIL, BAIL!!! But my integrity would never allow that. That’s not the Adam McLane I want to be.

    4:00 pm arrived. Feeling completely unconfident I stood there and realized that it was time to fake it. My last thought before my talk began was, “Just shut up and deliver.”

    And it went great. The audience was engaged. They asked great questions. And I think that for a few people, those who I was targeting with the talk, were really equipped.

    Last week I talked about jumping out and starting my own thing. And how glorious and scary it was at the same time. Yesterday I felt the amazing joy of free fall! And it was beautiful.

    I walked off that stage proud of myself. I looked a scary moment in the face. Risked it all. And it paid off.

    3 Tips for fellow jumpers

    1. Being afraid – There’s no shame in having fear. Fear is natural. But if you allow fear to drive your decision making you’ll live a life of regret. Learn to look at fear, recognize it for what it is, and push through it.
    2. Being myself– There were elements of my talk that referenced being a youth pastor and even the defining question of my blogging life. I was open about the role of my faith in Christ in my life, the positives and the negatives, and the audience was appreciative of that. (And not shy about affirming my decision to go there.)
    3. Being welcomed- As someone who “is known” within my niche` it was very scary to walk onto a stage as a complete unknown. The organizers knew that and welcomed me into their tribe, my fellow speakers were very gracious, and the audience was amazing in making me feel welcome on their stage.
    “Be strong and courageous. Do not be afraid; do not be discouraged, for the LORD your God will be with you wherever you go.” ~ Joshua 1:9

  • Risk vs. Opportunity

    A common theme in my mind lately has been how we look at the choices we make. As one would imagine, Kristen and I are making tons of decisions right now. And we’ve come to this conclusion: Most decisions are morally neutral and the outcome depends on you.

    Quick disclaimer: Look, I know that there are moral decisions. Things which God has said are black and white. For example: “Should we cheat on our taxes? ” No, God’s pretty clear on that one. This is more about decisions such as, “Should we rent house A or house B?” I think those decisions are typically amoral.

    Positive outcomes and positive attitudes

    When it comes to amoral decisions I’ve noticed that the outcome is largely dependent on my response, action, and attitude. In other words, when I make a decision, whether it turns out good or bad typically has to do with what I do with that decision. cloud

    Here’s a reality my friends in Michigan have to deal with. There is a thick black cloud of pessimism that permeates our community. Until that pessimism is overcome with optimism, the self-fulfilling prophesy of economic doom and gloom will continue. It’s oppressive. It’s depressing. And it is making things worse.

    Perhaps it is because I am moving, but almost every conversation I have goes like this, “Romeo is a great place to live… but I don’t know, things aren’t looking good.” Understand this… that is a value statement of risk vs. opportunity.

    And it’s not all over. As I’ve traveled this summer I think you should know that this deep pessimism is a Michigan thing. Board a plane departing or arriving at Metro or Flint and it’s all pessimism in the cabin. But walk through Atlanta, Denver, or San Diego’s airports and you’ll see people making lemonade with their lemons. Head back home and it is all about rotten lemons. Making lemonade is apparently too risk for Michigan’s lemon owners.

    Today in Romeo there are about 100 homes on the market. All of them, including mine, are listed below market value. If you’re living with the black cloud… you look at the housing market and say “Wow, it could go even lower. Owning a home is such a huge risk right now.” If you look at the housing market from an optimist perspective you respond by saying, “Man, what a great time to buy. I wonder how I can get some capital to buy up some rental properties.”

    Here’s the simple reality. Michigan may be in a tough economic situation. But if you see where we are today as pre-boom instead of post-bust you’ll recognize that tomorrow’s millionaires (billionaires?) see today as an opportunity and are leveraging against you over inflating the risk. The rich of 2015 see this as pre-boom. The poor of 2015 see this as post-bust. Get it? It’s all about your response.

    I’ve talked to tons of very young adult people 19-22 years old this summer. And the cloud has infected them with pessimism. They have no dreams. And they are not looking at today’s problems as their opportunity for a very bright future.

    Here are some opportunities

    #1 You could innovate the next economy for a community. It won’t be cars, but will it be technology? Probably. Yet starting a business is “too risky” or going to study what is going on in tech boom towns like Boise, Houston, or even Ann Arbor is simply too much risk. Trust me… the best technological developments come from people looking to make an opportunity out of nothing. (Speaking from experience!) R&D departments can’t build a winner. But a college kid can invent Facebook for a couple hundred bucks. And a laid off carpenter can invent an ipod repair business. Sit in a room with a legal pad for a day and no distractions and I guarantee you can innovate something.

    #2 You could be the next real estate tycoon for almost no risk. If you are 22 years old with a college degree and an entry level job. You could buy 2 homes for less than $1500/month. Live in one and rent the other. In 3 months buy another rental and keep capitalizing on people’s pessimism until you have 5-6 rental homes. As Romeo becomes a renters market you could gain both equity in these undervalued rentals and make tons of income from rent. Heck, if you are 19 with a part time job you could buy a house for $600/month and rent it for $800/month. Save those profits and do it again in 6 months. Hold/rent those 5-6 properties for 10 years and you just made a million dollars.

    #3 You could invest in the next Microsoft or Apple. My conversations with those bought out from their autoworker jobs are depressing. They are saying “How long can I last on this money?” Wrong question. The right question is, “How can I find the right start-up to invest in?” Michigan has a highly educated and undermotivated work force. As soon as that motivation part turns around this economy will come back like gangbusters. Are you investing in high return start-ups or are you still thinking large cap companies are going to return? Bill Gates’ earliest investors tossed in only $10,000. I think they did OK.

    Every decision I make is an evaluation of risk vs. opportunity. What about you?