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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