Although the word risk can carry a negative connotation, one definition, “the variability of return on an investment” ultimately takes on the challenge of reward.
Why risk? watch the video
Each day every one of us has an opportunity to improve as employees, leaders, business owners, parents and partners. We can improve our businesses through sales building and capitalizing on the momentum of communicating with social media. We improve our working environments by continuing to manage our own personal development, the development of our teams, or the strengthening of the core of our business. And we can improve our interpersonal skills by listening actively and not only asking questions, but also asking the right questions.
However, none of this comes without first taking risk.
What type of investment are we willing to make and how tolerant are we to the variables in the results? Improvements in our personal and professional performance, both incremental and monumental come only after we have evaluated the risk and then we act on it. I am sure that you will find, as I often have, that the rewards often outweigh the hurdles – but you first have to jump the hurdles.
“It doesn’t’ work to leap a twenty-foot chasm in two ten-foot jumps.” ~American proverb
Each day, we are asked to jump. But before you do you should consider these three points:
1. Know where the ground is before you leap. Anticipate and forecast the landing to the best of your ability. As leaders, whether you are a new leader or just starting a business, there is often a need to take just jump. But if you don’t know where you are going to land with some level of surety, well, just think Thelma and Louise.
2. Understand your tolerance. Understand your tolerance for risk and your customer’s tolerance. If you’re an entrepreneur there are many levels of risk; as a people manager in a corporate setting there is a risk level associated with what you oversee and it extends to your personal life and ultimately to what you put your customer through. But if you don’t know what you can take, it will take you.
3. If you miss the hurdle, don’t lower the bar, reassess the jump. Too many times people will see a failure as a loss as opposed to an opportunity to learn and measure a way to prevent it from happening again. And if you lower the bar, it’s like being the tallest short guy in the room. Don’t shortchange yourself,
Leap and make it count. So what risks are you going to take today?
listen. learn. share. repeat.™