BIGGEST RISK with Bishoy Habib

Commercial Real Estate Pro Network

J Darrin Gross

I'd like to ask you Bishoy Habib, what is the BIGGEST RISK?

Bishoy Habib

I think risk is a dirty word. And I don't think it should be, because I think that obviously, it has a negative connotation. But I tell my clients all the time, that I deal with business people, right i I like dealing with sophisticated parties like yourself and kind of people who can, you know, are a little bit more aggressive. That's just the nature of business people calculated risk. And that's the name of the game, I always tell them, anything we do is going to be a risk, any investment you make is going to be a risk. Anytime you place money. Anytime you buy a property, anytime you partner with someone, there's going to be risk. How much can you stomach? What's the potential return? What's the potential downside? Right? So I love that you asked that question, because that's a topic that comes up and a conversation that comes up with me and my clients, and then always ask have to ask them how much what risk are you willing to take? How much do you love this deal? If you want me to negotiate it more aggressively, because you don't care, it's less risk to you, but you probably don't get the deal versus the other way around. So risk is something I deal with every day as an all my all my kind of positions, but especially as an attorney. But I'll give you a good, you know, kind of a high level answer. I think the biggest risk is not taking a risk I do I think that the times that I've wanted to do something, whether it's in a personal professional capacity, and I've decided that I don't want to put myself out there or I don't want to, you know, embarrass myself or I don't want to take that risk and lose this money. A lot of times I've kind of regretted that. And so that's those are the lessons that I've learned is like, you know, it just go for it, just do it. And it was the same concept when I opened up my own businesses last year. I mean, it did take me 10 years to get to that point to build up that confidence. But I tell you what, within a month, I knew that that was the right decision. For me it was the best decision I ever made from a career perspective is to open up my own practice as an attorney. It's risk, right? You just got to take that chance. But the people in my opinion, who never succeed are the people who never take that risk and people who never put themselves out there. So, to me, the biggest risk is not taking a risk. I always tell you know, whoever will listen, it's like, you know, you calculate you think about it, but I will feel 100 times better trying and not succeeding and just know okay, well, this wasn't for me, or how do I get better and get to the goal versus just thinking about it in the back of my head like man, should I have done that? I should have done that. Right. So that's the biggest risk to me.