๐ฆบ Playing it safe?
๐ I see you.
Want to start taking risks?
Don't know where to begin?
Start here...
๐ฝ ๐ฝ ๐ฝ
We must all learn how become more willing and experimental when it comes to taking risks, but...
We need to learn how do this in non-overwhelming ways.
How?
โ Taking big leaps infrequently.
๐ Taking small incremental steps often.
But why is this second option beneficial for us?
Small frequent risks allow us to learn.
Through learning, we can reflect.
In reflecting, we notice patterns.
So, we can adapt & make corrections whilst risking very little.
Risk -> Learn -> Reflect -> Notice -> Adapt -> Repeat
This links to the idea of 'Positive Black Swans'
I came across this idea in Nassim Nicholas Taleb's work.
It is when the upside of an event enormously outweighs the potential downside.
So...
โข Abnormally huge positive (if it works)
โข Extremely small negative (if it fails)
โข Allows for lots of experimentation
Now...
Let's get practical.
Answer this:
In the past 6 months, what is a risk you took that paid off? How did you make it work? Now, how can those same principles help you take small risks and win big in the future?
โ๏ธ Not a big writer?
๐ผ๏ธ Use this frame to help:
ยท One risk I took in the past that turned out well was...
ยท Looking back, I realise that what made that risk successful was...
ยท If I could go back and do that risk again, I would...
ยท The lessons I learned from that risk are...
You want more? Sure!
ยท One small risk I can take this week is...
ยท The worst-case scenario if I take this small risk is...
ยท If this small risk pays off, it could lead to...
I think that'll be enough for now.
So, to summarise:
๐น Small risks, done often
๐ธ Learn from them
๐น Reflect and notice emerging patterns
๐ธ Adapt your next action/s accordingly
๐น Repeat and experiment
๐ Small incremental steps
๐ Huge infrequent leaps