How to take risks in life

In this article you will learn the following

• -9 paradoxes of life associated with and helpful in understanding risk-taking - through natural-laws
• -15 examples of every day risk taking
• -9 types and degrees of risk
• -23 Risks successful and Happy People Take Every Day
• -20 Benefits of taking risks
• -19 Types of Risk entrepreneurs take
• -18 simple Risk analysis tips - for individuals
• -28 mental-emotional barriers to risk-taking
• -42 Steps How to take risk in through healthy, planned-well and prepared-for process - in your personal-life, business-venture or in going for changing your professional-field completely
• -20 Simple practices examples - you can use to enhance your risk-taking capacity

How to take risks in life

Importance of risk taking, advantage of risk taking in a business, risk-taking in entrepreneurship.

If you are bored, feel restless, function on auto-pilot mode without much passion for whatever you are doing, do not have sense of accomplishments or don't feel successful – chances are you are operating within your self-created cocoon of comfort-zone.

Very few people understand what effective and calculated risk-taking is and fewer still actually go and take risks which are necessary to grow beyond average.

Many people confuse risk-taking with gambling or betting - and which happens through pure chance and done on impulse.

People work on all or nothing principal - this philosophy and may work for 1 person among millions.

Then there are people who interpret their feeling of being uncomfortable when thinking of taking risk by stretching their neck out - with their intuition and gut-feelings - telling them not to move or go ahead with that particular risk.

No action is without any risk [including not taking any action or decision] – even breathing can turn out to be extremely deadly [especially if you are living in the polluted places like New Delhi especially in winters].

Whether you are leaving your job, starting your own business, getting-married, proposing, expressing your views, say no to people, accepting favor from others or even claim your rights – all have some degree of risk.

People who understand, learn and practice - how and when to take risk - grow hugely bigger than those who play safe and do not stick their neck out.

9 paradoxes of life associated with and helpful in understanding risk-taking - through natural-laws

• 1.To be happy – you must experience pain and sadness
• 2.To be successful big-time – you must go through a series of failures and bounce back
• 3.To grow larger than life – you must - take risk and incur loss in few ways and aspects
• 4.To be able to retire in peace – you must work very-very hard almost whole life
• 5.To experience true love – you must experience heart-breaks and rejections
• 6.To get from others – you must first give
• 7.To be a great leader – you must become a great follower
• 8.To be able to meditate – you must first become calm [yes, yes I know – most common perception is that meditation helps you to be calm –but the truth is that you can never meditate - when you are agitated and only when you actually learn to mediate properly and reach the master's level – you might not become agitated again]
• 9.To be able to value anything [wealth, money, love, relationship etc.] – you must experience deprivation

15 examples of every day risk taking

• 1.Going for unchartered or un-mapped territory
• 2.Risk getting turned down in job, in love, when asking for favor
• 3.Failing while taking-action towards your goals
• 4.Putting all fortune on some venture and become bankrupt
• 5.Sacrificing or postponing gratification for achieve something greater.
• 6.Making a mistake when doing something new or of uncertain nature
• 7.Losing out to better competitor
• 8.Going ahead with your ideas - before the time is right - and thereby not getting the success you deserve
• 9.Being judged by others - which will happen on every day basis - anyway
• 10. Accepting your ignorance in public
• 11. Expressing your feelings to others
• 12. Sharing your weaknesses with others
• 13. Trusting someone
• 14. Trying to make others understand you
• 15. Asking for favors
• 16. Making simple statement - yet getting misunderstood
• 17. Challenging experts and others
• 18. Being vulnerable
• 19. Expressing your need
  
  

9 types and degrees of risk

• 1.Dumb and Stupid Risk - when you know doing something is harmful and YET you do it OR when you are showing-off something being trying to be someone else
• 2.Dangerous Risk - rash driving, taking physical challenges just impress someone because you have seen someone do it OR doing something you are not trained for
• 3.When you Risk - to become the office-clown
• 4.When you bank on GOD - in doing something that you feel you won't get got - as no one is looking
• 5.Risk of venturing into uncertainty
• 6.Risk of trying to create disruptive change
• 7.Recreating your life when you have hit the bottom
• 8.Gambler's risk - when you risk everything that you have on one ALL or nothing - bet, venture, idea or project
• 9.Changing career from well-established to something unknown because you have passion for OR going for a startup leaving a well-paying secured job

23 Risks successful and Happy People Take Every Day

• 1.When you love you risk the possibility of being hurt
• 2.When you are being yourself
• 3.When you risk and put efforts on long-term dreams
• 4.When miss out on present pleasure to appreciate what you have
• 5.When you risk by sharing your ideas and dreams - in the face of being ridiculed and laughed at
• 6.When you help others without expectations
• 7.When you take full responsibility and accountability for your own choices, decisions, actions and consequences
• 8.When you risk living the life you want it
• 9.When you take intuitive and responsibility - when no one would come forward
• 10. When you risk accepting the consequences of taking actions
• 11. When you risk going out of your comfort zone in favor of growth
• 12. When you take steps in in area of unknown by experimenting
• 13. When you go ahead with the risk and the possibility of failing
• 14. When you risk challenging yourself and your assumptions
• 15. When you get in touch with yourself - to see objectively your flaws, weaknesses as well as qualities and strengths
• 16. When you risk by seeking the feedback about you are ready to face the truth
• 17. When you risk restarting afresh from scratch
• 18. When you risk letting go of toxic people
• 19. Risk not being good enough.
• 20. Risk putting yourself out there and being judged.
• 21. Risk admitting that you don't know something
• 22. Risk sharing your weaknesses
• 23. Risk opening up and being vulnerable

20 Benefits of taking risks

• 1.You learn new skills
• 2.Helps you to overcome the fear of failure
• 3.Empowers you to break through self-imposed mental-limits
• 4.Gets in you the amazing mindset of - challenging and conquering yourself
• 5.Makes you more creative and resourceful
• 6.Helps you clearly define what you really want
• 7.Helps you uncover unforeseen opportunities
• 8.Boosts and makes your self-confidence grows
• 9.You develop trust and belief in your abilities
• 10. You start appreciating and accept the fact that you don't achieve your dreams by playing it safe
• 11. Generate New Possibilities - because - Great, otherwise unforeseen opportunities often come from risk-taking.
• 12. Taking risks shows confidence and helps you stand out.
• 13. We learn from risks — and those lessons may lead us on an important, new path
• 14. Success never happens just like that — you have take actions
• 15. No one has ever achieved their dreams by playing safe
• 16. Forming the habit and comfort with Risk-taking helps you overcome a fear of failure
• 17. Risk-taking raises your standards
• 18. Risk taking is also one of the best ways to learn
• 19. Risk-taking makes you very adaptable to changes
• 20. Risk taking makes you recognize and correct the mistakes

19 Types of Risk entrepreneurs take

• 1.Market risk – changes in the customer's needs and preferences
• 2.Risk of competition
• 3.Global giants entering your market with their vast resources
• 4.Not able to engage your customers meaningfully and sustainably
• 5.Failing to create buy-in
• 6.Failing to build credibility
• 7.Risk of technology making your ventures obsolete
• 8.Financial risks - interest risk, foreign exchange risk, stock market risk, Credit risk
• 9.Environmental, political and legal scenario changes
• 10. Me-too idea failures
• 11. Speculative Risk
• 12. Liability risk- products liability, premise liability, employment practice liability, reputational risk
• 13. Innovational or technical obsolescence risk
• 14. Brand losing awareness and prominence
• 15. Operational risk: mistakes in process or procedure that cause losses
• 16. Intellectual property violation risks
• 17. Public relation risk
• 18. Inflation and recession risk
• 19. Physical damage risk at their facilities through fire, flood, weather damage

18 simple Risk analysis tips - for individuals

• 1.Calculate and assess your risk by examining facts and thoroughly weighing benefits, probability and loss and never base it on your level of fear
• 2.Ask yourself
• I.What would be the impact on Your future, if you do not act on - what makes you scared – yet those things you want to be, want to have or want to do
• II.Is your fear of failure causing you to magnify the size and probable negative impact of risk - if you fail
• III.Are your under-estimating yourself - holding you back from taking risks that would help you grow
• IV.If in future - you happen to reflect back and see this part of life - would you be happy, proud and satisfied with yourself of not taking these risks Or you will have regrets of having not taken these risks
• V.What are the worst things - that could happen - if you go ahead and take this risk
• VI.What is the likelihood of this happening
• VII.If what you fear does happen - would you be totally devastated and will have great difficulty in recovering or you can plan to mitigate and minimize the impact in case worst fears comes true
• VIII.What changes in plans you should make to make it more robust to handle exigencies
• IX.Should you act on your proposed plans - based on your aforesaid reflections
  Are there any benefits if you don't take this risk - which ones and why do you feel these benefits outweighs the benefits of taking the risks
• 3.Once you have exhausted justifying all your excuses AND have started believing that this risk can be taken - the time has come to focus on ensuing benefits of taking the risks - Ask yourself - What are the benefits if you take this risk
• I.If you did not have any fear [of damage and loss of any type] - what would you do, what action you would take - while maintaining the dignity, respect and social-manner of self and others in
• II.Personal Life
• III.Academic
• IV.Career and profession
• V.Relationships
• VI.Physical
• VII.Social
• VIII.Towards the cause you believe in
• 28 mental-emotional barriers to risk-taking
• 1.Your fears
• I.Fear of failure
• II.Fear of rejection
• III.Fear of criticism
• IV.Fear of embarrassment
• V.Fear of success
• VI.Fear of making mistakes
• VII.Fear of looking stupid
• VIII.Fear of what others would think and say
• IX.Scared to move out of our comfort-zones
• 2.Your irrational needs
• I.Need for certainty
• II.Need for approval and validation from others
• III.Need to play it safe
• IV.Need to avoid feeling guilty
• V.Need to feel comfortable
• VI.Need for appreciation from others
• 3.Your detrimental and harmful habits
• I.Relying completely on others
• II.Perfectionism
• III.Procrastination - waiting for the right time
• IV.Over-thinking - Over-analyzing consequences
• V.Wanting guaranteed results - to be 100% certain and sure
• VI.Denying that problems exist
• VII.No accountability - unwillingness to take responsibility for solving problems of your life
• VIII.Magnifying the probability of something going wrong in misappropriate proportions
• IX.Being overconfident - the absence of fear causes us to underestimate risk
• X.Exaggerating the consequences through having Worst-case scenario thinking-mindset
• XI.Under-estimating our ability to handle the consequences of risk
• XII.Feeling comfortable with the status quo
• XIII.Not exploring the options and opportunities - which far outweighs the risks
• 42 Steps How to take risk in through healthy, planned-well and prepared-for process - in your personal-life, business-venture or in going for changing your professional-field completely
• 1.Verify and re-verify reasons to change and take this risk — ask
• 2.Why must I make changes to my life right now and take this risk
• 3.Why is this important and why it is important to do now - but please don't ask this question if you are looking for reasons to quit
• 4.If I do this, what potential outcomes could I expect - What will I potentially gain long-term by taking this risk
• 5.What could I potentially lose - What's the worst that could happen
• 6.What stands in my way - How will I overcome this obstacle
• 7.Do I really have anything to lose - What am I still uncertain about -Are the rewards worth the risk
• 8.What specifically has to happen for this to succeed
• 9.What if this setback is a blessing in disguise - find out why
• 10.What if these obstacles contain within them the lessons I need to learn to attain my desired outcome
• 11.Think long-term - be prepared to adapt, improvise and change your tactics
• 12.Always pilot-test something important - especially when you are groping in the dark and uncertainty on smaller scale
• 13.Crowd-source the idea - to get, multiple perspective and views as well as suggestions
• 14.Inform your family beforehand of the work you need to do and the probable impact - it may have on them - seek their support also
• 15.If you are going into business because you just want to experience some kind of adventure and thrill - going sky-diving, bungee-jumping or white-water-rafting types of expert supervised adventures might satisfy that feeling
• 16.Start taking small risks on daily basis - in the areas you are scared of
• 17.Avoid naysayers and people who always discourage you
• 18.Understand the difference between well-thought of and dumb risks - choose wisely
• 19.Read, read, read - the more knowledge and exposures you have about related areas - the less risky your endeavors may become
• 20.Learn-learn-learn to become an expert in your field
• 21.Assess the situation thoroughly - if the stakes are high get outside expert views and opinions - then decide whether or not the risk is worth it
• 22.Take cues from your past failures
• 23.Increase your ability to sense and recognize an opportunity (often from unlikely sources) - because of which it may feel like risk
• 24.Create standards, parameters and benchmarks to manage risky decisions and situations
• 25.Once you have planned - working backwards from your ultimate goal - start taking action
• 26.If something really excites you at the same time scares you - you could be looking at terrific game-changer and life-transformational venture - go right ahead - after analyzing the risks and creating plans on how to handle negative outcomes
• 27.Understand that The biggest risk is not taking risk in life in this rapidly changing world - because only this can guaranty to failure
• 28.Learn to love your company - spend more time alone
• 29.Make a positive difference through volunteering and getting involved with charity and social causes
• 30.Learn to say NO
• 31.Practice assertiveness
• 32.Be yourself - accept and love yourself unconditionally
• 33.Train yourself to never take any Risks - when you are foggy, drunk or disoriented and not clearheaded
• 34.When risk something - Fully Understand What You are Risking and what are the possible consequences
• 35.Balance your emotions with logical and rational reasoning
• 36.Take steps to increase your chances of success plan well before taking action - improvise when your planned action not working
• 37.Create resilience - by failing and bouncing back and again starting towards your goal - Build Mental toughness
• 38.Accept that setbacks will happen all the time
• 39.Take Risks For Yourself - because you want it and not under peer or other pressures
• 40.Train yourself to listen to your intuition - especially when there is chances of harm - physical and financial
• 41.Don't risk for thrill - ensure whatever risk you are taking Are Worthwhile
• 42.Be flexible and pivot fast when something you are trying not working - Know When To Change Course - create parameter ranges

20 Simple practices examples - you can use to enhance your risk-taking capacity

• 1.Everything in life is a risk - getting down from bed, sleeping in your bed, driving to your work, bending-down to pick something - everything that we do and face is risky
• 2.Try your hand in stand-up comedy - learn how to create humor
• 3.Dance or sing solo in functions
• 4.Express your opinion on those topics what you feel strongly about - without inhibitions - initially start in groups where you feel safe later increase the risk levels
• 5.Stand-up for others who can't for themselves - when you notice something wrong
• 6.Try to speak a new language with a the native
• 7.Ask for something you are sure to get refused
• 8.Give an impromptu public speech
• 9.Take on a physical challenge - you are in awe of or want to experience - under expert supervision
• 10. Try negotiating - in places where normally no-one does
• 11. Share your wildest dreams publicly
• 12. Tell someone you appreciate them or love them
• 13. Give away something that is special to you
• 14. Start making decisions entirely on your gut feeling - start with small projects or actions
• 15. Ask someone on a date
• 16. Wear a dress which is good but you feel inhibited for whatever reasons
• 17. Cook a recipe you've never attempted before
• 18. Tell someone a secret
• 19. Meet one stranger
• 20. Ask some very powerful and influential person to be your mentor

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