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Risk Taking means mistakes are part of life

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John W. Holt would add that “If you're not making mistakes, you're not taking risks, and that means you're not going anywhere.” Making mistakes is part of taking risks and it is part of growing. The key is to learn from your mistakes and keep moving ahead. However, the question that still remains is how can you take intelligent or calculated risks?  According to Dr. Moses that calculated or intelligent risks are those where the potential downside is limited, but the potential upside is virtually unlimited. The potential benefits of the risk should outweigh the potential losses if you are to take it. Otherwise it is not a good risk. Before you jump into anything always understand what you stand to lose and ensure that it is outweighed by what you stand to gain. A second aspect of intelligent risk-taking is to imagine all the things that could possibly go wrong when making a decision on whether or not to take a risk. The trick is then to put all the measures in place that you can to prevent those things from happening. But be careful not to want to be perfectionist in this area. You cannot possibly prepare for every outcome. You need to have some faith in yourself and the fact that you will be able to handle whatever comes your way. Lastly, learn to take action. The longer you procrastinate, the higher the likelihood that you won't do something.

Editor's Desk

Never quit – there's always a silver lining

  It is often said that “every adversity has within it the seeds of an equivalent or greater benefit.” Whenever you are faced with a setback ask yourself what you could do to turn it around. Better still; ask yourself how you can benefit from the setback. It may sound ridiculous, but you can benefit from a setback if you change your perspective. You will realise that there is nothing so bad you cannot use it for some good and that there is no situation that is totally hopeless.  As Dr. Moses say “I have had many times when I have ... Read More

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