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5 Proven Risk-Taking Tips To Achieve Greater Success

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5 Proven Risk-Taking Tips To Achieve Greater Success

Is Risk-taking Really Important To Succeed?

Some people are natural risk-takers. They take risks daily and don’t think twice about it.

For others, taking a risk is scarier than jumping out of an airplane without a parachute, but there’s no denying that successful people have taken their fair share of risks.

Some would argue that successful entrepreneurs are the world’s best risk-takers because they’ve had to be willing to take chances to make something of themselves. So how do you become one yourself? Here are five ways:

  1. Identify the risk you want to take.
  2. Create a plan of how to take the risk.
  3. Get feedback from people who are close to you before taking the risk. 
  4. Write down your fears and thoughts about taking the risk. 
  5. Make a list of all possible outcomes for taking this specific risk, including both good and bad, so that you can make an educated decision on whether or not it is worth it in the end.

Identify the risk you want to take

You can’t risk if you don’t first identify the specific risk you want to take.

So many times, people think they want to take a considerable risk in their life, but when they try to figure out what that risk is going to be.

They realize there’s still too much fear involved, and they back out at the last moment.

When you identify the risk, make sure that it’s something you’re really and truly passionate about.

For example, I want to quit my job to start a new business I’m very passionate about because I’d rather fail than spend another five years of my life doing something I don’t love. 

Create a plan of how to take the risk

Having the potential to take a risk doesn’t necessarily mean you’re going to do it. Instead, you need a detailed plan of how to execute taking this specific risk.

For example, you might know that you want to travel and see the world, but if you don’t have a concrete plan of what your first step is going to be for that trip, you’ll never leave home.

To create a plan for taking the risk, write out exactly when you’re going to take each step along the way.

Keep in mind that it’s rare for people to go from having an idea about wanting to do something to spending money and doing something they said they wanted to do. That’s why planning is so important!

Get feedback from people

Removing the element of surprise will help you take your risk without having to worry about people getting upset with you or trying to change your mind at the last minute.

In addition, it’s much easier for people to support and encourage a decision they know about in advance than if they find out after the fact.

If you’re planning to quit your job, tell your family and friends beforehand. Then, even though many might disagree with it, when there isn’t any shock factor involved later when you quit, there will be more respect for your decision.

Write down your fears about taking the risk

Write down your fears and thoughts about taking the risk. It is one of the essential steps in the process, but it’s also something that very few people do.

The reason for this is that thinking about doing something scary can feel like you’re putting yourself in a bad situation before you’ve even taken action towards overcoming that fear.

However, if you genuinely don’t want to be afraid of anything or anyone anymore, then writing down what you’re scared of will help you face those same fears so that they can no longer hold any control over your emotions or decisions.

In addition, mentally preparing yourself beforehand by thinking through each step in detail will make taking the risk easier. 

Make a list of all possible outcomes

Make a list of all possible outcomes for taking this specific risk, including both good and bad, so that you can make an educated decision on whether or not it is worth it in the end.

Once you have everything written down on paper beforehand about taking your risk, you need to write down every possible outcome you can think of.

Put these scenarios down on paper before making any final decision because there are many times where we get too caught up in our emotions that we forget to see things from other perspectives.

Finally, make sure that you weigh out each option by asking yourself: What are all the possible positives and negatives about taking this risk?

And, does one outweigh the other, or are they equal? For example, you might think that quitting your job to start a business you’re passionate about doing is worth it because of all the benefits involved.

However, suppose the risk involves going into debt and not having any money to live on for an extended period while creating your business idea.

In that case, that may make you reconsider things. You need to consider any dire consequences if there’s even a slight chance of them happening.

Final Thoughts:

Taking a risk is not always easy. You may have the potential to take risks without even realizing it, but you need a plan to execute this specific one.

This means identifying your particular risk, understanding why that’s important to you, and then figuring out the steps necessary to accomplish that goal. 

When you know yourself and understand what inspires you, taking risks will be easier because they’ll align with your passions and goals instead of being something external or imposed upon you by someone else.

Now go forward, take that risk and achieve it! Did you like this post? Please share it!