Everybody has to take some risk somewhere at some time with something in his life. Prototyping business and career persons into risk taker, risk neutral and risk avoider is too mathematical and sounds theoretical. To succeed in life you have got to take risk. Let us see how taking risk can be made easy for you.
Imagine you are travelling in a speed train. A fellow passenger got stuck in the auto door in between two compartments. Someone must dislodge him from the door panels to get him extricated. If he remains there the chance of his being suffocated perhaps leading to fatality is high. If you attempt to stop the train unnecessarily you are subjected to a huge fine. What you will do?
1. Pull the alarm signal
2. Try to extricate the passenger with what you can, failing which you will alert the engine driver of the impending calamity and wait for instructions
3. You will cry out, get others involved, do everything you can, alert the engine driver and pull the alarm signal
What you do in this circumstance reflects your attitude for risk taking. If you have ticked off item one then you are an impulsive type of risk taker ready and willing to take risks on the spur of the moment and driven more by emotions than by intelligence. If you park on the second option, you are a cautious risk taker playing safe and taking no chance. The last option is chosen by a calculated risk taker. He thinks fast acts fast and gets cracking.
What makes you take risk?
Attitude to risk is influenced by many factors. Culture of person is chief amongst these. People who live in Northern Hemisphere are more prone to take risks, especially in Europe and North America. Traditional societies that value loyalty and obedience shun much of risk taking. Genetics on the other hand play a distinguished role. Chinese have traditional Confusion culture shaping their outlook and behaviour; we believe that it prods them to conform and comply and treads the beaten path. Nailing this myth, men and women from Hakka Caste amongst Chinese show remarkable ability to take risks and as a result they have emerged as the most successful community in the Chinese mosaic. Location is a key factor in the evolution of risk taking personality. Surprisingly city dwellers get spoofed by a crisis while their counterparts in off-city limits are far too adventurous. Upbringing also contributes in moulding risk taking. Families where strain of courage and bravery runs select armed forces as their major choice. General Patton and General MacArthur are noted examples. This can be further extended to occupation as well. Generally guys in the Navy will sink with their ships after letting others use the remaining lifeboats. Most deciding factor is cosmics that reside within each person influencing and shaping his life throughout. Observe a school teacher in her brooding moods and a college professor in cheery moods, both are in teaching profession, but, what makes one pensive and other sprightly is the work of their individual cosmics.
What taking risk can do for you?
You can hone your skills in risk taking if you are convinced what it can do for you. Here are few goodies you get:
1. Taking risks helps you to broaden your outlook, your horizon, and your space in managing events and people
2. You learn to use your emotion and intelligence equally well
3. It aids you in developing a strong personality and let you have a hanker for risk and uncertainty
4. You will not wilt under pressure but keep composed and calm
5. It marshals your power in directing your swirling mind to focus on the job at hand
6. You learn to make decisions quickly, cautiously or in calculated manner as demanded by the situation you are in
7. You tend to learn a new skill and get coached in new methods of doing business and career. Even at old age stockbrokers look ostensibly younger and smarter because they continue to be up and running in the bull and bear market
8. You get all three “ Es” in one go: that is education, experience and exposure
9. You will develop an analytical mind at the same time willingness to go through life challenges. More so in taking business risk
10. Finally, you develop your cosmics to give you that re-assuring aura; people tend to trust and admire those who never hesitate in taking appropriate risk as and when necessary.
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