4 Reasons why Risk-taking is vital for your Success
“The biggest risk is not taking any risk…In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
Risk. Sounds like a scary word right? Many people shy away from risks because of the fear of failure. What if it doesn’t work out, what if I lose out, what if I don’t get what I want. But have you stopped to think, what if you do get what you want? You never know what you can achieve until you take that risk. It’s all in how you view the risk. If you view it negatively and focus on the odds of failing then you probably might. But if you’re optimistic and focus what you could gain, it can turn out to be a worth the decision.
There are two things that you gain from taking a risk. One is that you find out the truth and two is that you either get a positive outcome or a lesson. Either way, you will know better.
When we say take a risk, this does not necessarily mean that you have to go wild and make reckless decisions. Of course, you have to think of the repercussions of every risk you take. We are referring to the kind of risks that help you to advance in life. The risk to start a business. The risk to study a programme that will empower you to do great things. A risk to apply for that home you’ve been dreaming of. As we all know, these decisions are risks and the path to achieving what you want is not always easy. This is why we say it’s a risk. Challenges could arise, but if we focused only on what challenges could occur, we would never accomplish anything.
When it comes to your career, the decision to grow and be successful depends on the decisions you take. In this case, you take a risk in the sense of breaking out of your comfort zone so that you evolve professionally. Sometimes to go to the next level you need to determine what you need to get there and take that risk.
Discover the 4 reasons why you need to take more risks if you want success.
You become Innovative
If Steve Jobs didn’t believe in the invention and idea that he and his co-founder came up with, the Apple brand would not exist. Today Apple is one of the biggest and most successful tech brands even long after Steve Job’s passing. Through his idea, self-belief and ability to take a risk, Apple was created.
When you decide to take a risk, to feed your passions, you end up inventing solutions. Taking risks can lead to dynamic inventions that improve the world. Perhaps if you were bold enough to put your ideas forth, you could become a pioneer of something great. If you took the risk to submit your proposal, you could be the brainchild of the next best creation in your industry.
It can work in your Favour
“There are lots of risks, but without risks, there’s no reward. I think the reward is bigger than the risk.”- Brock Lesnar
When you take more risks, you learn how to take smarter risks that are more likely to work in your favour. Firstly, when it comes to decision-making, your timing has to be right and you have to weigh the pros and cons. When you analyse your risks first, it prevents you from ending up in a predicament.
In your career, there are times where you need to take risks and times when you shouldn’t. You need to consider the prospects in your field, the economy and opportunities before deciding on your next move. On the other hand, when the timing is right and there is a demand in your industry, it would be the best time to make career moves. This could be pursuing a promotion or could be asking for a raise, both which you need to prepare for.
When you analyse the kind of risks you take and research the factors concerning the decision, you’re likely to make better choices. If you consider resigning from your job, to start over from scratch, you have to think of the implications of this kind of risk. If you have not prepared financially, you can end up in a personal financial crisis. For some risks, it’s important to prepare, save up and have a backup plan while you redirect your life.
You become Extraordinary
If you always play it safe, you will never know how great you can be. When you take risks, you push the boundaries and you expand yourself. You are able to discover your purpose and strengths, which influences your success. As you challenge yourself to do things you may not have done, you stretch yourself and you acquire more in life. When you make it a habit to challenge yourself, train, learn and evolve, it develops you mentally. You become more ambitious and you gain confidence to go after dreams, no matter how impossible they seem.
Taking risks benefits you as an individual. You mature personally, mentally and professionally. As you become confident in taking more risks, you may fail and fail but eventually, something will work. You become better and you know better through the risks you take. When you take risks, you are exposed to what it takes to reach an accomplishment.
Success becomes Inevitable
Not taking risks can cost you big time. You can end up stuck in a career you don’t like for more than 20 years. You can die having not discovered your full potential because you chose to be mediocre. This is a sign of having a low self-esteem, which leads to lack of ambition.
When you take the risk to go after what you’re truly passionate about, you end up living a life that’s more fulfilling. Perhaps it’s a career change or decision to upskill professionally. When you study a business programme, you are empowered to grow your career prospects. This is a risk or decision that will reward you in the end. As they say, it’s never too late to be who you want to be and take that risk to start today is where it begins.
Investing in education training for a career path or entrepreneurial pursuit is the right investment to have a future you desire. When you study, you equip yourself with the relevant expertise you need for your next career or business goal. Having knowledge transforms your perception and it encourages you to take risks that will bring you success.
The value of risk-taking is that it grows you mentally and prepares you for a successful life. When you take smart risks, it elevates you towards more prosperity and fulfilment in your life and career.