To make significant gains, you must take risks. Confidence and courage are required, as it the ability to look in all directions before you leap. But those who can learn to think, act, and build business like entrepreneurs have golden futures.
HAVING COURAGE
Being entrepreneurial means believing in your own ability and being brave enough to risk being wrong. When dealing with risk, try to think like an entrepreneur: calculate whether a risk is worthwhile, and if it is, have the courage and self-confidence to take it.you can take advice all along the line. But the ultimate "go/no-go" decision is yours alone. If you can take it confidently, Then you are being an entrepreneurial manager.
BEING POSITIVE
Any decision, from starting an enterprise to accepting a new job, has an upside and a potential downside. When facing any risk, adopt the best mental attitude and concentrate on the positive potential, the upside. But be aware that there is always a downside. Even the most gung-ho person considers, even if subconsciously, what will happen if the worst comes to the worst. If the downside is personally unacceptable, look for ways of limiting the risk - ideally a fail-safe position.
ACCEPTING THE DOWNSIDE
Before taking a risk, such as relocating to a new a job, decide whether you can accept the downside. If the downside is unacceptable, for example you cannot face selling your family home, look at all the feasible ways of limiting that risk.
CALCULATING RISK
Do not be misled by the old investment maxim that says "the higher the return, the greater the risk". In fact, the upside on a relatively safe move, such as changing jobs, can be very great. However, you must always calculate the risk before taking it, by doing a few simple yet effective sums. Remember, too, that doing nothing may involve a hidden risk. If you do not take a decision, you might fail to make a breakthrough, either in your career, financially, o r in business. If you fail to spot this concealed risk, you will suffer the consequences.
RISKING A JOB MOVE
Work out the likelihood of getting what you want if you move. Next, rate the likelihood of realizing your hopes in your present job. If moving gains a higher total score, the risk is justified.
NOTE:
- Back yourself - the only risk i s that your judgment may not be correct.
- Never let an opportunity pass,but think twice before acting.
- Use lists of pros and cons to test your feelings.
- Do your research, and avoid taking action before you have all the facts.
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