deepstash

Beta

Seven Ways To Cure Your Aversion To Risk

Develop A Portfolio Of Options

If you have only considered one possibility, you should probably worry about it.

Find many possibilities for success, then you can be positive that at least some of them might work out.

118 SAVES


This is a professional note extracted from an online article.

Read more efficiently

Save what inspires you

Remember anything

IDEA EXTRACTED FROM:

Seven Ways To Cure Your Aversion To Risk

Seven Ways To Cure Your Aversion To Risk

https://www.fastcompany.com/3045577/seven-ways-to-cure-your-aversion-to-risk

fastcompany.com

7

Key Ideas

Start With Small Bets

Risk should preferably be viewed as an experiment. This helps with testing innovation and reducing risk if things don't turn out as intended.

Imagine the Worst-Case Scenario

When you take the time to consider the downside possibilities, it will be less frightening if they happen. This will give you the confidence to stay the course.

Develop A Portfolio Of Options

If you have only considered one possibility, you should probably worry about it.

Find many possibilities for success, then you can be positive that at least some of them might work out.

Have Courage To Not Know

You will almost always have to take action before you know all the components your success will depend upon.

Be willing to commit to the path even when you are unsure of all the details. You can adjust your path along the way.

Taking A Risk ≠ Gambling

Going on the offense does not mean that you place your trust in theories that you have not thought through.

Looking at your inner fears will help you to see things more realistically, creatively and move more directly.

Take Your Eyes Off Of The Prize

Embracing risk can be difficult if you focus on the outcome.

Instead, break the decision-making and the action process into smaller steps.

Be Comfortable With Good Enough

What prevents people from taking a risk is thinking that you can't start until everything is perfect.

We need the courage to make decisions with imperfect data and move forward as information becomes available.

EXPLORE MORE AROUND THESE TOPICS:

SIMILAR ARTICLES & IDEAS:

Curiosity leads us to generate alternatives
Curiosity leads us to generate alternatives

When our curiosity is triggered, we are less likely to fall prey to confirmation bias (looking for information that supports our beliefs rather than for evidence suggesting we are ...

Curiosity and innovation

Encouraging people to be curious generates workplace improvements.

When we are curious, we view tough situations more creatively. Studies have found that curiosity is associated with less defensive reactions to stress and less aggressive reactions to provocation.

Reduced group conflict

Curiosity encourages members of a group to put themselves in one another’s shoes and take an interest in one another’s ideas rather than focus only on their own perspective.

Thus, conflicts are less heated, and groups achieve better results.

one more idea

Perspective-taking

It involves being able to see the point of view of someone you usually consider to be part of an outgroup.

Research finds that being able to offer another point of view - especially if...

Bridging differences

Both perspective-taking and perspective-giving are powerful tools to help negotiate differences, particularly between groups of different power dynamics.

Empathy isn’t enough

Although similar, perspective-taking is not the same as empathy. Empathy falls short in trying to reduce polarization. In fact, empathy appeared to make things worse.

We tend to feel empathy more towards people like us, that we can relate to. If an outgroup attacks an ingroup, the empathic concern doesn't help.

2 more ideas

Challenge your preconceived notions

Be willing to accept the inherent risk in not following what seemed to be the obvious route. Such risk tolerance is another important part of challenging what you think you know and cul...

Plan Creativity-Stoking Sessions

Create vision boards–collages of words and images–related to business challenges or goals. Do mind-mapping or doodling exercises. 

You will begin making remote associations. It can be hard and it’s a stretch, but it opens up new ways of thinking.

Change up routine regularly

When you’re facing down something unexpected, you’re taken out of your everyday experience and all of the preconceived notions that go with it.

Do something new every day to capture the same openness. Take a new route home and carefully observe what’s there. Look for beauty, interesting architecture, or exceptional gardens. Remember how it feels to be truly observant and unsure of what to expect.

one more idea