How to Take Smart Risks
There are some people in the world that are naturally inclined to adventure and exploration, and these risk-takers are always up for a new challenge or open to another possibility. The idea of setting out towards uncharted territory is what drives people of this nature and I, in particular, love these people as the energy they bring to the table is infectious. The “if it ain’t broke, don’t fix it” adage does not apply to people like this, although most people believe there is a time and place for everything, including innovation. There is a distinct divide between people of these two types, but both are vital to the vitality of an organization or group. Not that there’s anything wrong with being cautious, but there is also something to be said about accepting a modicum of risk in a life.
If you are the kind of person that is not a natural risk-taker, dealing with certain situations may have you questioning the amount of risk you require. Perhaps you want a promotion and are seeking to set yourself apart from the crowd? Maybe you have an opportunity to seize that comes with a lot of potential yet no guarantees. No matter what the specifics to the situation in question may be, to be successful requires taking calculated risks. Resigning one’s self to the status quo has never amounted to greatness and in time, one must accept risk and see where it may lead.
Change can always potentially lead to difficult times. One way to minimize apprehension is by thinking the entire situation through. The following are the ways that one can achieve success when undertaking risk.
The Definition of a Win
What goals are you hoping to accomplish? Once you identify what the outcome should be, then it becomes much easier to visualize and then execute it. Eliminate stress by knowing exactly what to look for to emerge victorious.
Assessing the Cost
Do you have an exit plan if you do not meet your goal? What are the risks associated with failure? Keep yourself knowledgeable about the possible outcomes and be prepared to deal with them as they arise.
Listen to Mentors
Wisdom through others helps you to maintain a singular perspective on the risks associated with the situation and how you approach them.
A Plan for Accomplishment
Devise and implement a plan of action which clearly defines how you will accomplish the task in question. Having a game plan is one of the best ways to reduce the stress of undertaking any risk.
Once all elements of the plan have been assessed, now is the time to be bold and execute the plan.
A calculated risk comes with the potential to take one to the next level, experience new situations, and achieve aspects of success like never before. Remember that everything involves risk, but deciding what is worth fighting for is the most important component to attaining what you truly want.