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Are You Comfortable With Risk?
I was speaking today with a very bright guy. He’s in the security field, so his entire business is about helping people mitigate risks. This is fascinating stuff.
It occurred to me, though, that I run into a lot of other people who struggle with making decisions in the face of the unknown. How a person resolves that depends a bit on his personality type: Analytics will want to continue to gather more data until, they hope, the decision becomes clear. Amiables will look for whatever decision causes the least anxiety, looking for consensus. And so on.
But the fact is that it’s the job of a business owner to make decisions, even when there’s lots of unknowns. Some are comfortable with it, but the rest of us – well, it’s an area of learning and growth.
Here’s some ideas about how to get more comfortable facing risky decisions:
1. Realize what your natural tendencies are. If you rely too much on emotions, balance that out with some reasoned thinking. If you focus too much on data, then spend more time looking at the other impacts of delay.
4. Admit to yourself that mistakes are just part of the human condition, even when you’re being most careful. If moving quickly is important to your business, then you’ll take some wrong paths, then have to learn and adjust. Explain to your employees that it’s the reality, and don’t be afraid to ask for forgiveness.What decision are you afraid of today? Tweet it to me – @carldier
There are four ways you can engage with me:
1. Subscribe to these emails and get them once a week in your inbox so you never miss a video from me.
2. Join the Trades Business Toolshed Facebook Group where you can watch these videos, ask me questions or talk to your peers.
3. Attend my next Tools Down workshop.
4. Book yourself a 10-minute chat with me. We’ll talk about whether coaching is right for you now and if it is, we’ll go further into the process before you have to make your mind up.
See you later.