Calculating Risk for Success

Instructions

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.