Big Decisions: Taking Risks

Most people seem to throw around the idea that you must be a big ‘risk taker’ to make it in business.  It’s a viral message passed between people who haven’t thought about it enough.  Unfortunately it gets passed on to some poor hopeful who is rather risk-averse.  He definitely doesn’t want to risk making himself happier in life, in case it all backfires and he’s miserable.  So he chooses to stay put in his less-than-fulfilling job for the rest of his life.  Oh, the irony.

Let’s not pass this viral message on any longer until we’ve thought about it:

First up, everything you do, every decision is a risk.  So you’re a risk taker.

Second, you’re in business if you’re earning a living.  Whether you’re ‘making it’ or not in your career is for you to decide.

So the idea doesn’t mean all that much anyway.  It just means that you have to make some hard decisions to ‘make it’ in your career.  Yeah we know that.  The thing about risks, is they’re on a scale.  Low risk is still a risk.

And the thing about the majority of successful entrepreneurs and businesses is that they didn’t all take huge risks, despite things appearing that way.  That’s why they succeeded.  They took risks, yes, but they tipped the odds in their favour by researching, measuring, thinking and planning ahead.  It might look like a big risk to the casual observer.

Of course the real big risk takers, many of them failed.  Those who didn’t research ahead, think it all through, measure and act on the data.  You don’t hear so much about them as they tend to keep everything quiet.

Your job is to discover and decide where the risk vs opportunity is relatively low in your career decisions.  Then to do whatever you can to tip the odds even more in your favour.

If you let me drop you by helicopter in the centre of the bush in Australia, you’d be taking a huge risk.  But how could you reduce that risk?  You’d check I could pilot a helicopter first.  Then you’d learn all you can about bush survival.  You’d practice various life saving techniques perhaps and play out various scenarios in your mind to increase your survival.  You’d study a map of the area and take it with you, with enough supplies.

When well prepared, the risk is lower.  The opportunity and potential benefits may seriously outweigh the risks.

So learn, study up front, do your market research and plan contingencies and fallbacks for those big decisions you could make.  And if you don’t have a big decision ahead of you and you value the short time you have on this planet, go ahead and find one now, quickly.

You might also like these:

1. 4 Decisions to Sort Your Life Out
2. How to Make Decisions for Better Returns
3. How to Fly High in Your Work
4. Increase Your Job Security and Advance Your Career
5. What Do You Hate About Your Job?