Last time I wrote about managing your risks as you jump out into the wild and woolly world of business. I did mention that there were always risks involved, and you should learn to manage them enough to prevent the risk from becoming a wild gamble. Today I am going to talk about another type of risk that I would say a large majority of the population takes without realizing it. That is the risk of not taking risks. You, my reader most likely would find that to be a strange concept I know. So what risk am I talking about? The risk of lost opportunity. You see there is a concept called “Opportunity Cost.” This is a concept that few people seem to really think about or consider with their business, their life, and their money. Even though the concept is rather intuitive and we use it in our decision-making process on a daily basis. In finance, the concept is pretty straight forward. If you spend the money you have, say on a vacation, or a very nice car, you by default lose the opportunity to put into some form of investment.