Calculating Risk for Success
- Learn about the potential risks.
Take classes, join a business networking group, and find a mentor to help you understand the risks associated with taking a certain action.
- Consider the advantages and disadvantages.
Make a list of the potential benefits and drawbacks of taking a risk.
- Start small.
Begin by taking small risks to build your confidence.
- Stay positive.
Instead of imagining the worst-case scenario, focus on the potential rewards of taking a risk.
- Be prepared.
Have a plan in place to minimize the potential risks.
- Combine emotion and logic when making decisions.
Don't let fear of the unknown stop you from taking risks. Consider the potential benefits and weigh them against the potential risks.
- Be aware of false statistics.
Don't be fooled by statistics that may be misleading. Look at the numbers closely and put your personal level of risk into perspective.
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