Remember the skydiving scene from the film Zindagi Na Milegi Dobara? Two of the three friends on holiday in Spain, Kabir and Arjun, took the leap with a thumping heart but the jump was the most difficult for the third, Imran, who was scared of heights. In the end, all three took the risk and had an exhilarating experience.

Such stunts are usually overseen by professionals and involve some level of training, but they are nevertheless an example of risk-taking.

It’s normal to constantly seek security and be afraid of failures, which is why it’s difficult to step out of your comfort zone. But when you take that step, you will see the benefits of risk-taking. Once you take the leap, you feel more confident and more comfortable in your skin, and grow professionally as well as personally.

Every profession requires risk-taking. You need to envision goals and make choices that can impact your business and profession. When you take risks in your life, you also try something new which may be good for you.

Meaning Of Being A Risk-Taker

Risk-taking is the act of stepping away from financial, physical or mental situations and can help you take advantage of opportunities and improve your circumstances.

Change your perspective and see it as an act of expanding your comfort zone rather than stepping out of it. Take risks in life, stretch your comfort zone, and achieve and create new milestones.

How To Be Intelligent With Risk-Taking?

  1. Give Your Best

Risk-taking or not, this should be your motto in whatever you do. Whatever you decide to do or wherever you decide to go, give your best to it.

If you hesitate before you take a risk, chances are you will fail miserably. And failures can cause not only financial but also a mental and emotional burden. This can hurt your confidence and you would not want to try again.

You can avoid failures by fully committing yourself to achieve the desired outcome, whether it’s signing off a business deal or trying skydiving.

  1. Be Willing To Lose

When you take a risk, don’t be blindsided to the fact that you may not achieve the desired outcome in your first attempt. Go ahead and expect to taste success in the first go itself, but also be willing to lose, learn and adapt to the new approach the next time around.

  1. Failure Is The First Step Towards Success

How did the most successful people succeed in life? Do you think they never faced failure? From Indira Gandhi, Dhirubhai Ambani and Amitabh Bachchan to M.S. Dhoni and Priyanka Chopra, most people faced failures before eventually succeeding in their lives.

As they say, failure is the first step towards success. Making mistakes and failing in your actions help you learn about yourself and the situation, which is essential to understand before you take a big leap forward.

So the next time you take a risk and fail, instead of wallowing, ask yourself:

  • What can I learn from this failure?

  • How can I use that knowledge to move forward?

  1. Think Of Long-Term Benefits

It happens to everyone. If you try hard, give your best and still fail, your confidence takes a beating. You are tempted to step back and are ready to give up. But think of the long-term benefits to keep you motivated. Think of why you started in the first place.

Keeping an eye on the reward will keep you motivated to move forward in that direction and to try again.

  1. Avoid Taking Dumb Risks

Risk-taking also has to be measured and balanced. Assess if you are taking the right risks, whether or not they are necessary and worth your time, money, energy and emotions. Don’t take dumb risks for the sake of it. That will create more problems than solutions. Also, don’t get talked into taking dumb risks by other people.

Remember, risk-taking is not gambling. Assessing the risk and what you will gain and lose is important. But at the same time, don’t let the fear of setbacks stop you from taking a risk. After all, the biggest risk is not taking any risk.

So, take risks in your life. If you win, you can lead, if you lose, you can guide. Want that first-step expert-guidance to take risks in life? Join the Harappa Education's Making Decisions course to learn about different models and frameworks to assess risks and help you move past your fears and take risks in life.

Explore topics such as Decision Making, Steps of Decision Making, How to Make Decisions, Importance of Calculated Risks & How to Make Good Judgements from our Harappa Diaries blog section and develop your skills.

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