Is it Time to Embrace Risk?

September 10, 2009

Crabbing,09Life is a risk. Some people are certainly more comfortable with it than others, and the level of what we are ready, willing and able to risk varies but that said – we all take risks, everyday.

How do you approach risk?

Where is your edge?

Have you jumped off that ledge yet to see whether you would fall or fly?

How many times?

We will have to learn to face our own failure once, twice, three or even more times before we make our business successful. We will have to be prepared to learn from our own mistakes. And we will have to learn how to deal with the ups and downs in our own business.

It is likely that, as a practitioner of holistic health, one of the best assets we have is our passion. But are our passions strong enough to let us take the risks of learning to be a good leader, particularly if this risk is directly linked to what our family will eat at the end of the day?

To be our own leader means to directly face the unpredictables in life with courage. We will learn how to take calculated risks to the best of our knowledge. We will trust that our decisions are the best we can do at any given moment. And we will learn.

Since it takes time for us to learn good leadership through our practice, we will have to accept all the consequences. Taking risks, boldly facing challenges and acting decisively will help you become a very strong leader.

It doesn’t mean that we have to do it all alone. Some services may be hired out to specialists in those fields, such as accounting or legal work. There are many organization and schools to help us learn various new skills that we will need. There are other practitioners that could be wonderful to brainstorm with. However, we do have to be solely responsible for all aspects of our business.

In her article, Risk Taking in Business has its Rewards (http://searchwarp.com/swa64569.htm), Regina Barr offers these first steps towards learning to be comfortable with risk taking:

How can you overcome the fear of taking risks? Try these simple steps:

  1. Decide what your tolerance is for risk. Some business owners might feel perfectly comfortable putting their business on the line regularly, whereas other business owners may not feel comfortable doing this unless the chance of success is very high. Both are taking risks, but at the level they feel comfortable with.
  2. Start small. Take a new route to work. Go see a movie by yourself. Try coffee instead of tea. You get the picture.
  3. Take “deliberate” risks. Deliberate risks are ones that you choose to take, typically after completing some fact finding or analysis.
  4. Set risk taking goals. Ask yourself what you hope to accomplish. Then write down one goal about the risk that you would like to take. Break it down into smaller chunks. Then do one thing – today – to move yourself forward.
  5. Have a contingency plan. Ask yourself what you would need to do to recover should the worst happen, and then create a back up plan.
  6. Reward yourself. Risk-taking can be draining, particularly if you are not used to it. So, don’t forget to do something nice for yourself after taking a risk – no matter how large or small!

What are the benefits? People who are comfortable taking risks typically experience “increased autonomy, heightened self-esteem, a more positive attitude toward life and an increased sense of personal power.”

Risk taking is a mind-set. Are you ready to learn to be a calculated risk taker?

Categories: Business, Self Help.

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One Response

  1. The author of most-enlightened-life.com has written an excellent article. You have made your point and there is not much to argue about. It is like the following universal truth that you can not argue with: Things are always on the last place you look for them. Thanks for the info.



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