Monday, February 15, 2010

hedging your bets with virtualwirks

Anyone that has ever stepped foot into a casino knows how the house has done all of the extras in order to stack the odds in their favor in addition to the odds of the individual games. From the oxygen that is pumped into the room to keep you awake and sober, the flashing lights and noises to keep you distracted, the free drinks at the tables to keep you drinking, the absence of clocks or views of the exists… All the way down to the crazy carpet patterns on the floor, it is all there for a reason – to keep you distracted and feeling good enough to throw more of your hard earned cash down for the chance to hit it big. I wouldn’t consider myself to be a big gambler. I would say that I have a moderated tolerance for risk at best; but everyone once in a while I like to roll the dice, however; when I do decide to let it ride, I don’t like to go at it blind. I try to do as much as I can to hedge my bets and increase my chances for success. Now, it is certainly not to say that I know how to beat the house and win every time, but I try to pay attention to the things that I can to decrease my chances of losing and increase the potential payout. Whether it is diversifying my position at roulette or just buying the insurance at blackjack when the dealer is showing an ace and no one else at the table is showing a face card, you have to be aware of your options and the signs. With all of that said, I have yet to strike it rich by sitting down at a casino table, but conversely I haven’t lost much either. The truth of the matter is that I just don’t gamble that much in the first place, but when I do I make sure that the payout is worth it and try to take as much noise out of the equation as possible.

I bring this up because of the parallels that can be drawn between casinos and the business world. For business leaders today – in a lot of ways – the odds are stacked against them even more so than before. In light of the current economic conditions, it seems that a lot of businesses have shifted from taking some risks to not sitting down at the table at all. The good news is that this sit on our hands mentality is not here to stay, because without risk there is very little reward. Instead, companies will naturally emerge out of this period and get back to making cautious decisions and taking calculated risks. As always they will look to find ways to cut costs and increase productivity. Some companies are looking to remote employees to cut costs on real estate and other business costs as well as empower employees to drive productivity. Going at this blind for some companies is a big gamble. The potential downside of not getting this business model right can expose more losses than the potential gains through things like disgruntled employees and attrition, and dissatisfied customers. This is why companies look to virtualwirks to assist them with building or improving their remote business models.virtualwirks helps to eliminate the flashing lights, the ringing bells, and the other background noises that only add additional stress and strain to a changing business climate that is overwhelming enough by itself. Our proven methodologies and tools provide our clients with the ingredients that they need to hedge their bets appropriately, minimize losses and maximize the potential upsides. Having virtualwirks in your corner puts the odds of success back on your side by leveraging a network of experienced individuals that have been there before and know of the signs to look for and the options that are available. 

– Tadd