Happy #MammothMonday to all. Today’s blog post is going to discuss taking risk because, when risk is involved, it could have a huge impact on your life and or your business. Many people shy away from risk because there is always the possibility of failing at your goal or even losing money, money that is already tight before the risk is even taken. Although there are hundreds if not thousands of risks that you can take, here are three specific risks that I consider to be benefits rather than negatives that I want to tell you about because I feel they encompass the most important factors of risk.
The first benefit that involves taking risk is the ability to have unforeseen opportunities come your way. When you are willing to put yourself out in a vulnerable position that involves risk, you can potentially gain the respect of peers and thereby possibly gain new clients and or partnerships that will help you to build and grow your business. Unforeseen opportunities can also come in learning more about your field of interest or you may gain more insight into your journeys end, possibly helping you reach that end much earlier than expected.
A second benefit of taking risks that I would like to discuss is the fact that taking risks can help you to develop a sense of accomplishment. Risk taking although scary and not meant to be done frivolously can really boost your self confidence when you actually make the risk work in your favor. Taking risks also helps you to overcome your fear of failure because if by chance the risk does not work out, it just embeds in you the fact that a risk not paying off does not derail you, it just aims you at a new path with new information and a greater chance of success the next time around.
Finally, my favorite part of risk taking is that it actively helps you to pursue success. We all put these self generated limits on what we can accomplish and therefore we stay in a ridiculously safe zone which will almost never propel us forward. As you venture into the unknown and you actually achieve that step that was so scary, you take a huge leap toward success.
So, even though the word risk, in and of itself, basically screams at you, “you can either win or lose”, it is important to take risks and I do not mean gambling on every part of your business. I simply mean, take well calculated risks and the only way to know which are well calculated is by practicing. Start out small so you do not destroy that which you already created but analyze what is in front of you and it should make the risk taking that much easier. Notice I said easier because it will still be scary but if you want to continue to grow and prosper, risk is a necessary element.
If you want my choice for your next read, I chose to have you read, Identifying and Managing Project Risk, so that you can try and decipher which type of risk you should try to utilize and also gain some new insight on the subject. If your library does not have the book, here is a link for you to get your own copy which is available on Amazon>> https://amzn.to/2NZu5QD
If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!
Finally, please stay in the know by subscribing to Lori’s Loop and never miss another posting. You can’t go wrong with constant free life and business advise so please click to subscribe! www.themainhustle.com/subscribe
#MammothMonday
#LorisLoop
#TheMainHustle
#Entrepreneur
#Goals
#IdentifyingandManagingProjectRisk
#TomKendrick
