5 steps to take before you make that risky decision
Courage isn’t about reckless risk-taking but is often the result of calculated actions that are taken in a measured and appropriate manner.
In business, bold, courageous actions provide the risk-takers with psychological currency, a kind of motivational force that emboldens an otherwise risk-averse individual.
Boldness becomes the fundamental component while pursuing an endeavour which is high in risk and reward.
SIMILAR ARTICLES & IDEAS:
They are what you consider most important in your life, literally what you “value. ” They are broad concepts that can be applied across a wide range of circumstances, as opposed to narrow answers t...
The core values that are most valuable to each of us come from our own personal experience, not from being taught.
As you put them into practice you’ll get better at internalizing these values and they’ll express themselves subconsciously with smaller decisions, as well.
... is critical in uncertainty. We too often judge people by the outcomes of the decisions instead of on the process that was used to reach them.
However, isn’t it better if people had an unfortunate result and a great process than someone who had a successful outcome but flipped a coin to get there?
Risk should preferably be viewed as an experiment. This helps with testing innovation and reducing risk if things don't turn out as intended.
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.
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.