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How To Approach Risky Decisions
- Stop And ask why: Weigh the risk-reward ratio before taking action.
- Seek advice from someone neutral: Seek a mentor who can give unbiased advice on your plan of action.
- Winning is not enough: Achieving an end goal feels shallow after a day. Win the entire game by focusing on success in each and every step and action.
- Reassess your decisions: Don’t just wager big for the sake of it, fine-tune your decision making and tone down the hyperbole and excitement.
- Hold yourself accountable: Analyze other options and make yourself accountable for your final decision
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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...
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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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