Dare to Risk

It is said that the most successful businessmen have taken high risks to get what they have. Taking risks is a gamble. Business tycoons have played small gambles and once they won a big hand in this form of Poker, they made it to the top.

But then there is a methodology of taking risks also. One should know how much risk should be taken to achieve a particular objective. There is risk in every sphere of life. When you are at a stage when you need to choose your career field, you need to take a risk. And in this risk there is no comeback. When you like someone, you need to take a risk to convert that feeling into a reality. Here the risk is the fear of denial. Hence there are different methods of taking risks. You first do the groundwork and homework before you take a risk. Don’t you do some proper planning before you propose friendship to your dream partner, to minimize the risk of denial? Don’t you keep a reasonable plan in your mind before you sit on the Poker table? Similarly, when you want to become a business tycoon, you need to plan ahead. You need to have a road map and specific milestones to get to the penultimate. On every milestone you need to take a calculated risk to achieve the next milestone.

What is calculated risk?Calculated risk is a planned action to achieve an expected result. But in case the result is not as expected, there is strong backup to bear the loss. Hence, one should start from a very low risk step. This is why I am talking about milestones. One does not become a billionaire in one go. Remember, a billionaire is a millionaire first!

Linus Orakles
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