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Taking Risky And Bold Decisions

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.

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Courage Defined

Courage is the pursuit of a higher purpose, according to Aristotle.

Courage is truly present when the fear is known and real, yet action is taken with eyes wide open. Many business actions like a hostile takeover, purchasing volatile stock or even the very act of ...

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How To Approach Risky Decisions

  1. Stop And ask why: Weigh the risk-reward ratio before taking action.
  2. Seek advice from someone neutral: Seek a mentor who can give unbiased advice on your plan of action.
  3. Winning is not enough: Achieving an end goal feels sh...

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