How Do You Approach Risk-Taking in Business?

We all know taking risks is necessary in business. In reality, every decision you make, every action you take, carries some risk of a negative outcome, whether you think about it or not. It’s equally true that everything you decide and do has a possible reward too.

Amare (love-based) leaders always see the potential of risk and reward a little differently. First, they approach risk-taking as a path to growth, with an abiding trust in the universe, a belief in abundance, and unattachment to the outcome. Second, in addition to rational considerations, they tune in to their own inner wisdom for guidance. And third, they know all they can do, is to do their best. 

• What is your default response when risk comes up?

• Under what business circumstances do you usually take risks?

• Under what business circumstances do you usually avoid risks?

• What has happened when you have taken risks in business?

• Do you trust that the universe provides?

Four Ways to Take Risks with Amare Energy

1. Top of mind tally. Ask yourself and your colleagues: “What first comes to mind when you hear “risk?” Then discuss with your leadership team how your organization feels about risk-taking.

2. Words/Actions/Results. Assess how many times in the past year your organization committed to take the risk, when you actually did, and what happened. Then step back and evaluate your approach.

3. Train for uncertainty. On big decisions especially, acknowledge that you cannot promise what the outcome will be, and help your people deal with fears, accept the uncertainty, and even be uplifted by the process.  

4. Build a resilient culture. Taking risk means you’ll fail sometimes. Set expectations that failure is okay as long it’s followed by analysis and a specific plan to do better next time. 

Today’s Amare Wave Wednesday Quote

“Go out on a limb. That’s where the fruit is.” 

―Jimmy Carter

You Might Also Like:

Simple Ways to Get More Creative, Solve Big Problems, and Innovate Better

How Leaders Show Up in Business The Amare Way

Five Powerful Ways to Turn Customers into Collaborators

Three Simple Techniques to Quit Being So Damn Busy at Work

Thanks everyone for tuning in to Amare Wave Wednesday! Do YOUR one amare thing today to improve your business and grow the wave! 

If you like this, share it! 

_______

With Amare,

_______