For most of us, being faced with a risk brings us to a sense of nervousness. In fact, there are some individuals who would prefer to never have to face any risky situations. The reason we are so afraid is that we cannot control the outcome of the risks we take.
Taking risks, calculated risks, is an essential part of every journey. It is also one of the seven key skills identified and detailed in my new book, Surviving your Serengeti: 7 Skills to succeed in business & life. Over the next few weeks I will discuss why risk doesn’t mean letting your guard down, or being reckless. Today however I wish to give you a great business example.
ePrize founder, John Linkner, encourages individuals to take the risks and be willing to see learn from the results. He states, “If you’re note prepared to be wrong, you’re not prepared to do anything original”. All great things started with an idea and an individual who was willing to take the risk to see it through.
According to Linkner, traditional businesses are under-attack from the rapid evolution of business cycles and globalization. With the boom of the Internet and increased availability of it worldwide we have seen a huge transition in the way our lives are run. According to the World Bank, from 2000 to 2010 the number of Internet users worldwide has increased 700%. This increase has caused an online revolution including online shoe stores such as Zappos.com replacing neighborhood shoe stores. Bookstores have experienced similar struggles attributed to the revolutionary devices such as the kindle and iPad, both of which allow individuals to download and view books electronically.
While many of these stores and products may seem obvious to us now, the individuals who created these started with an idea and decided to take the risk. In order to survive or excel in a rapidly evolving world, individuals need to be willing to take some risks and make mistakes.
How risk adverse are you?