Don’t give up too soon. There are times when we are so close and we just can’t quite get over the hump. Thomas Edison once said “Most people stop just before they get to success.” Don’t be that way. Don’t give up too soon, be persistent, be tenacious, and hang in there.
Do try to understand how the odds fluctuate up and down, know the things that influence the risk, use the odds that are in your favor. If something changes, observe it, pay attention, don’t take action till you’re absolutely certain, but when it’s time then step in and go. Read more »
Let’s look at some of the Do’s and Don’ts of taking a risk.
You do have to have a goal. Any risk taken without a clear purpose, without a specific step-by-step plan, tangible, action-oriented, visible, etc. is in for trouble. You have to have a goal. It needs to be clear and you have to know what you’re trying to get to.
Do know the losses that are potentially involved. If you don’t expect loss and it happens it’s going to catch you by surprise and undermine your efforts. In order to achieve anything new, you have to give-up something else. What are you trading off? What are the things you are losing or leaving behind? Read more »
Research from Oxford University School of Business said there are certain attitudes that people who take risks and attain the goals they desire carry with them.
One of those is that they look at the negatives and the obstacles standing in front of them. They don’t avoid them. They don’t pretend they don’t exist, they look at them very clearly, very honestly and they make decisions about what they will do and what they will not do. Read more »
If you’re going to take a risk, what you’re really talking about is you’re choosing new goals. There are eight components to effective goal-setting.
1. Goals Must Be Concrete
The first aspect of setting effective goals to set off this risk-chain process is that the goal you’re going to set must be concrete. In other words, you must be able to see actual results from it whether it’s making an emotional change, a business change, or an interpersonal change. It must be tangible. You must be able to see and experience that change. Read more »
To risk implies taking action. Of course you could just sit there and do nothing, but you’re not going to get anything different from your past. Deciding to take a risk is at times very tough to do. To take a risk means you must admit that something in your life presently is dissatisfying. You have to admit you want something better. You have to admit that it’s time to make a change. Read more »
If you’re talking about taking a risk, you’re talking about change.
People tend to resist change because of a few things. 1) lacking knowledge or skill to do something new or something different than they’re now doing, 2) discomfort with new things or doing things differently than they currently are, 3) physical or resource restrictions – not enough time, people, money, energy, fear of what’s confronting them or what’s coming up in front of them, or 4) projecting negative past or future events, predicting that things are not going to go the way they want. Read more »