This is a simple lesson for everyone and it really has nothing to do with eggs, baskets, or farming.
It’s all about choice and being smart about where you concentrate your efforts.
If all of your attention is on one thing and the others are ignored, then you could be missing out on opportunities that you didn’t recognize existed.
The thinking goes waaaaaay back and the idea is that if you go to gather eggs and you put them all in one basket and something happens to that basket the ALL the eggs (aka: opportunity) are also lost.
It’s better to spread out the risk and/or the opportunity so you’re depending on one thing.
Here are five examples of putting all your eggs in one basket.
- Only applying to one university or college. That’s putting all your eggs in one basket. It leave you no choice and if by chance you don’t get accepted to that particular college, then you’re back to square one. Apply to a whole list of them. You never know what’ll happen.
- Applying and waiting on one job. This is not going to get you very far in the job search. By the time that place contacts you, interviews you, and finally makes a decision whether or not to hire you, you’re out of luck if they say no and are back to square one. Apply for a couple at a time. It’ll give you choice and a sense of control over which way the decision go.
- How about money? If you put all your money into a risky scheme then you’re screwed if it doesn’t work out. If it does work out then you’re lucky and I hope you can accept that the risk you took may catch up to you. Don’t rely on one thing to get you through. Chances are you may need a back up. As far as money goes… diversify. Be smart and do your homework.
- Business. If you rely on only one customer, or one possibility with a business then the possibility of failure is there. Let’s say you want to merge and the continuation of your business depends on that merger…you have no back up plan because all of your eggs are in one basket.
- In life, it can feel comfortable to rely on just want we know... this could be our education, so we never upgrade. Or it could a person, because we don’t know anyone else, Or perhaps in love because we’ve never been anywhere or met others. Having all your eggs in one basket limits your safety net of choice and back up. It’s up to you to make sure it’s there and
I hope this explanation helps you make some smart decisions. Play it smart and spread out the opportunity, you’ll be glad you did in the long run.
Here’s some other Auntie Wisdom to Share:
Click HERE to read Auntie Adage #2: Don’t Judge a Book By It’s Cover
Click HERE to read Auntie Adage #1: A Penny Saved is a Penny Earned
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