Take calculated risks from "summary" of Pathways to Success by Nick Salafsky,Richard A. Margoluis
Taking calculated risks is an important concept to consider on the pathway to success. It involves assessing the potential outcomes of a decision before moving forward. This means carefully weighing the potential benefits against the potential drawbacks to determine if the risk is worth taking. In the business world, taking risks is often necessary in order to innovate and grow. However, these risks should not be taken blindly. Instead, it is important to gather information, analyze the situation, and make an informed decision. By doing so, you can increase the likelihood of a positive outcome while minimizing potential negative consequences. One key aspect of taking calculated risks is being willing to step outside of your comfort zone. It can be easy to stick with what is familiar and safe, but this can also limit your potential for growth and success. By being open to new opportunities and willing to take risks, you can expand your horizons and discover new possibilities. Another important factor to consider when taking calculated risks is having a backup plan. While it is important to be confident in your decisions, it is also wise to have a contingency plan in case things do not go as expected. This can help minimize the potential impact of a failed risk and allow you to recover more quickly.- Taking calculated risks is about finding the balance between caution and boldness. It is about being willing to take a chance, but only after carefully considering all the factors involved. By doing so, you can increase your chances of success and achieve your goals in a more efficient and effective manner.
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