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Published on May 28, 2018

How to Take Calculated Risk to Achieve More and Become Successful

How to Take Calculated Risk to Achieve More and Become Successful

Risk is something we all have to face in our lives but appreciating its value and impact on our lives is not always easy.

I asked my social media friends on a survey whether they felt risk was a good thing and 100’s said yes and yet I know from my clients that this doesn’t equate to 100% of people taken every risky action they could to achieve more and live a life that fulfils them.

Take the client that needed a coaching session to get them to take the jump into self employment. They knew in their heads that with over 20 years at the pinnacle of their career, they could do it. But they needed their coach to be the one that took the training wheels off and said “let’s do this!”

We don’t all take the risks we should in life. What makes a risk feel too big? What external impactors change our perception of risk and what’s the difference between good risk and bad? When should we be risk adverse? And how can we work out the difference and step up to take the risks that could change our lives (for the better)?

What is calculated risk?

Let me ask you:

“Would you cross a 3 lane road of fast moving traffic?” The answer is likely to be “no” right?

What about if I asked “Would you cross 3 lanes of traffic at night?” Still a “No?”

What about if I said “Would you cross 3 lanes of traffic that had a pedestrian crossing?”

Look how the risk changes. It is the same road with the same cars, but we’ve gone from a risk that we are unprepared to take to one that has an element of control and expected outcomes. That is what a calculated risk is.

Would you quit your job right now and set up in business on the street corner in an hour’s time? No of course not. However, would you quit with a plan of action in a set period of time? Possibly?

The thing about calculated risk is that humans have to deal with their perceptions or reality, their emotions, feelings and even beliefs to be able to take on risk. And that is why you may see 100% of people saying “Take the risk”. However if questioned further, I could probably find at least one occasion where every single person should have taken the risk and they didn’t.

I’ve seen people turn down contracts, delay travelling, delay saying “yes” to marriage, delay quitting their job and even delay having their hair chopped off because they’ve not been able to calculate the risk with an outcome that they deem will be satisfactory.

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Is all risk calculated?

In a speaking engagement, I once re-enacted the moment when the hero of the film is hanging on for dear life to the side of a mountain. There’s no hand places left going up. They can’t go down and there’s no way out, the baddies are shooting at them from every angle and you think “there is no way out of this!” and then miraculously they let go tumbling through the air, landing in a helicopter that flies into view being flown by the gorgeous incredibly clever side kick.

Risk is a bit like that.

The first time James Bond, Jack Reacher or Lara Croft let go and went in a new direction, they were probably experiencing massive levels of fear. However, by overriding that fear, they were able to create a new definition of what is possible. It’s not called mission impossible for nothing.

But how can we know it’s a good idea to jump and when it’s going to lead to impending doom?

Interestingly, children seem to be risk blind for a while. It is adults that stand behind them shouting “don’t do that, you will fall and break your neck!” Do children stop doing stupid things? A and E departments would argue no.

But if we didn’t take on risk we’d never learn to walk. The first time you pulled yourself up on to your legs and stood there jumping up and down with a grin that says “Look what I can do” was sheer joy, not so much fun the next time you tried it and nearly removed your nose. Most parents will have a story of how their child made their hearts leap with absolute terror as they did something stupid, but risk needs us to test its limits or we will all be still sat in baby gyms unable to reach the cool toys.

The reason some people achieve great things is because they are prepared to test their risk limitations.

How to grow your risk tolerance to achieve more?

Here I’ve aimed to break down what you need to keep your eyes peeled for, how to fix what you find and what you need to do so that you can calculate risk and achieve more with the following methods:

The RRIS method

R – Research everything you aim to achieve.

But also know when to stop researching and get on with it. The amount of clients I’ve worked with who are so ready they could be the most intellectual person on the planet on their area of expertise.

It’s easy to get in the trap of “doing just a bit more research” to get you out of taking action. So do your research and use the other tips to help you to take action on your knowledge.

R – Rationalize your reality.

I often hear clients say things that once said back to them they can quickly (and often embarrassingly) see that it’s just not true. They’ve twisted reality to enable them to stay safe.

Question what you believe to be true and the results you perceive to be impossible to avoid. Do you have evidence to prove your reality or are your thoughts just enabling your comfort zone to stay the same size?

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Comfort zones are like big thick duvets. Glorious in the middle of winter with the rain battering the windows and you are curled up safe and warm, but hideous in summer, when the same duvet can wrap itself around you becoming a sweaty trap for your legs to get caught in.

If you know that a comfort zone is twisting your reality, you can be like two versions of my clients:

  1. They like to get so far out of their comfort zone that they can’t see it any more. They do big actions putting into action the right support to achieve them. Learn and move on.
  2. They would literally feel stuck in fear if you offered them option 1, therefore they like to do things in small tiny morsel sized bites. If this is you, arrange to challenge your beliefs around anything in your life (not just related to the calculated risk to achieve more).

If you like structure, start the day in a way you wouldn’t. Get dressed before you brush your teeth, listen to a different radio station, choose a different route to work.

Silly things that make you think about what you are doing can help you see that different is not bad. Different can be exciting, new, rewarding and so much else. And tiny steps can be right for some.

I – Ideas can reduce or inflame our capability for calculated risk.

Before you do anything, somewhere in your head it was a thought. When you really appreciate this, you are able to see that before you take on any risk, you have to have the ideas behind it to achieve.

Ideas like this will be exciting, life changing, and will work and make my career. What phrases would you create to describe the result of your idea?

If you notice they are negative, where’s your evidence? Clients often tell me that I make them take risks. As a coach, that’s impossible. My job is to enable them to see what they really want and overcome the beliefs and obstacles towards going for it.

Once we are faced with our facts on our skills, past successes and capabilities, we can’t help but ask “what is stopping you?” By doing this, you are creating solid foundation to get great results because your ideas are positive and not made up of illogical untruths like “it won’t work”, “what if I fail”, “it’s not done like that”, “I will end up looking stupid”.

S – Success over scares

It is a calculated risk and therefore something that is worth investing in and going for when our level of fear is reduced and our belief about success is raised. Where do you stand on this scale?

Scared! vs Success!

Now add in the following words to the above scale. Where would they sit?

  • Staying safe
  • Stuck
  • Self esteem
  • Stopping myself

Can you start to see how there is a big gap between scared and success? And between the two there will always be elements of feeling safe or stuck and worrying about whether you can do it. The important thing to remember is that you will never completely bridge the gap between scared and successful. A little fear is really good for you.

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I’ve never had a speaking engagement where I don’t feel a little nervous. 9 years ago that wasn’t nervousness that was absolute terror. And I once read “it’s not stage fright, it’s performance energy.”

What description would you like to use do describe your calculated risk? If you were to say it out loud, would it be a positive sentence or one that reduce you to fear? Your words and finding your place on the scared to success scale could define your likelihood of success.

The know-it kit

Taking the risk is scary, from the client that wanted to confront their boss of 10 years and make a suggestion that they knew flew in the opposite opinion of their boss, to the singer who is too scared to stand in front of an audience. The important thing is to remember that you are in control of the risks you take and a know it kit can help.

Know the times you’ve been successful.

Lot’s of clients will tell me that their fear is overriding their beliefs about what can be achieved. At times like that it’s no good to think something different and expect it to magically make it seem easy.

Get the facts on your side. As much as you heart will fill your head with negativity, hanging on to the facts of what you’ve already done in life is something you can’t argue with.

Know the skills you have.

As above, when we take on a risk, we need to know we’ve got what we need to get the results we want.

Know that mistakes are good.

No exceptional rise to success didn’t have set backs, no great inventions didn’t have failures (with many of those becoming inventions in their own right) knowing that mistakes are an opportunity to learn and good for the end results can ensure you take action even when the fear is raising its ugly head.

International Vocal Coach Gemma Milburne shared,

“I think many of the greatest singers are the most willing to take risks. You have to risk going out of tune, making mistakes, sounding awful, in order to get REALLY good at singing. As a vocal coach a lot of what I’m doing is helping singers to face that ‘mental’ risk that’s in a person’s head.”

Know the people you can trust.

When everything is in place, you’ve got the evidence, you’ve done your research, you are accountable, focused and ready for action, sometimes just a chat with the right person can be all you need.

Who is in your Know it Kit? You can trust them to say what you need them to say. And not just “you will be great dear, go for it.” Having the right people there that will challenge, empower and ensure you’ve ready in every capacity to make it happen.

Before a petrified public speaker has taken to the stage or a client has walked into a room to go for their big dream, I’m often the one they text as they walk in for that last minute reminder that they’ve got this.

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Know the way you have to feel.

And lastly, don’t forget that even with the right words from the right people, it is still down to you.

Sometimes cultural beliefs and feelings can slip into our mindset, other people in the same industry can tell us “it’s never been done like that” and it can knock our focus and derail our thoughts.

How do you need to feel to get the results you want? If I told a person from 200 years ago that they could fly anywhere on this planet in the same day, I’d likely have been locked up. Our beliefs change with time and experience. Do you want to be the person that creates the thoughts and beliefs of the future? Or wait for someone else to have taken the risk (and the glory!) and to leave you wishing “I wish I’d taken that risk”?

Face your fear and take risks

Looking back to myself years ago, Mrs. Nervous Wreck lacking in confidence…

She looked up at the chandelier that was taller than her house and tried to focus her thoughts. No amount of “thinking positive” was working and she just wanted her spleen to burst so she could end up in hospital safely away from this extravagant room and all these people. How could she ever have thought it would be a clever idea to speak to a room full of her peers?

Less than 5 months prior to this moment, she’d stood in front of just 25 business owners and faffed, and fumbled through her words, feeling like a complete fake wishing to never see any of these people ever again. Heck even a career in a local fast food place would be better! She’d made a memorable impression but for all the wrong reasons and one of the audience had taken great delight in reminding her of her epic fail, so what had driven her to do it again?

That was me but for some reason, I’d decided to take the risk and speak on another stage in front of more people.

In many ways, I was hardly recognizable from 9 years ago to today when I’m described as “one of the best speakers I’ve ever heard” and “changed my life in one hour.” Clearly my ability and attitude to speaking to an audience changed but what else?

It was how I faced my fear and how I grew my risk tolerance to achieve more.

By taking my advice on how to take calculated risks, you will gradually find yourself becoming braver and embracing more opportunities. You’ve got this!

Featured photo credit: Pixabay via pixabay.com

More by this author

Mandie Holgate

Internationally endorsed, Fight the fear book in 5 languages helping thousands around the world.

20 Coping Skills That Will Help You During Times of Stress How to Jump on the Road To Success Today and Change Your Life How to Take Calculated Risk to Achieve More and Become Successful How to Overcome Your Irrational Fears (That Stop You from Succeeding) How to Make Positive Changes Now (And Start Living a Fulfilling Life)

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Last Updated on August 7, 2018

14 Powerful Leadership Traits That All Great Leaders Have

14 Powerful Leadership Traits That All Great Leaders Have

Being a leader of a company or organization is certainly a difficult and often frustrating position – but it can also be tremendously rewarding.

Whether you’re just starting out as a leader, or have been leading for a while, you’ll be sure to benefit from knowing the essential traits that all great leaders possess.

Effective and successful leaders transcend the title of ‘manager’ or ‘boss’. They’ve found a way to achieve the perfect combination of charisma, enthusiasm and self-assurance (with a healthy dose of luck and timing probably added to the mix).

It may seem like some people are gifted with leadership skills, but the truth is most leadership traits can be learned, adopted, and strengthened with time and practice.

As we delve into the list of effective leadership traits, you will learn the behaviors and attitudes of a good leader.

The 14 most important leadership traits

Please read through the list of leadership qualities carefully. Take note of which of the traits you excel at – and which ones you need to work at.

Traits for better self-development

1. Vision and mission

Having a clear picture of what needs to be achieved is a crucial quality of good leadership.

This vision is often communicated in a mission statement, such as this one from Starbucks:

    How to develop vision? Spend time pinpointing what you need to achieve, and then plan the steps to get there. Here’s a complete guide on creating your own vision.

    2. Self-motivated

    It’s no coincidence that successful leaders have an abundance of self-motivation.

    Without a decent level of self-motivation, you’ll struggle to become a strong and respected leader. However, if you don’t have a lot of self-motivation right now, don’t despair.

    One of the secrets is to have definite goals to keep you motivated at all times. Some people also choose to reward themselves every time they achieve a goal, and this is certainly a good way to keep yourself enthused and motivated. Learn how to set an ambitious yet achievable goal here.

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    3. Optimism and positivity

    Positive energy is contagious. Great leaders are overflowing with this type of energy.

    Not only does a positive mindset make leaders easy to work with, but it also gives them a constant source of inspiration and ideas.

    Tap into this energy by aligning yourself with positive people and positive goals. Find out more about the habits of positive people here.

    4. Emotional stability

    In leadership positions, frustration and stress are daily occurrences. This is why leaders need to have strong and stable emotions. They can’t allow themselves to be easily knocked off track.

    If you’re prone to losing your emotional stability when stressed or frustrated, try some of these techniques: breath deeply and slowly for 30 seconds, go for a walk, drink some water (instead of tea or coffee), turn your focus onto something you can resolve. Here’re some effective ways to control your emotions.

    5. Self-confidence

    Watch a presentation by any CEO and you’ll see that even if they’re not natural presenters – they make up for this by having powerful self-confidence.

    It’s not just CEOs who have self-confidence, any successful leader will have this trait in abundance. One reason for this, is that only a confident person can persuade others and gain their respect.

    Worried that you have low self-confidence? Try faking it. Psychologists often recommend that if you ‘act’ at being confident, you’ll start to look, sound and feel like you ARE confident. And in time… you will be.

    If you look for more ways to boost your self-confidence, this confidence coach has got you some nice advice:

    How to Be Confident: 62 Proven Ways to Build Self-Confidence

    6. Decisiveness

    Leaders are frequently called upon to make decisions (some leaders may have to make dozens of decisions every day). In fact, you could say that making decisions is one of the key things a leader must do.

    Spend some time observing highly-successful leaders and you’ll see that they are quick to make decisions. They also enjoy making decisions, rather than stressing out like many non-leaders do when they’re asked to decide on something.

    Put yourself in the leadership bracket by developing your decision-making skills. Start with small decisions – and then work your way up to bigger and more difficult decisions. Once other people notice your decision-making prowess, they’ll automatically see you as leadership material.

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    I know it’s really quite difficult to make the right decisions sometimes, but don’t worry, here’s a guide for you:

    How To Make Good Decisions All The Time

    7. Passion and enthusiasm

    Expressive. Active. Energetic. These are words best describe a passionate leader.

    Great leaders are lively, driven and are possessed with zeal and purpose. It’s this passion that helps them achieve big results. If you want to emulate their success, then you need to develop passion and enthusiasm for the work at hand, and the end goals.

    Take a look at this Passion Pyramid to find out how importance a leader’s passion is to the team:

      One way to do this is to find what motivates you, and keep your focus firmly on that. For example, i f you’re motivated by helping others, then make sure your role and company are both suited to realizing this. If you’re motivated by money, then put your focus on achieving bonuses and pay rises.

      Take a look at Leo Babauta’s guide on how to find your passion.

      8. Accountability and responsibility

      Exceptional leaders know that at all times they’ll need to take responsibility for tasks and their results. This includes things likes individual and team performance, as well as being accountable for when things go wrong.

      When negative things occur (and you can guarantee they will from time-to-time), a great leader will immediately step in and take responsibility. Initially, they’ll try to resolve the problem in as quick and smooth a way as possible. But if this is not feasible, they’ll be sure to say that the buck stops with them – and they take full responsibility for what has happened.

      To develop your leadership skills, you must never shy away from responsibility or accountability. If you prefer to sweep mistakes under the carpet, then you’re demonstrating non-leadership traits. Try owning up to issues and finding solutions to them. By doing this, you’ll immediately gain people’s respect.

      Find out some tips on how to be a more responsible person here.

      9. Focus

      Distractions are everywhere. And it takes major focus to stay committed to tasks and goals. The best leaders understand this, and therefore, they’re always looking at ways to boost their team’s focus.

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      One way leaders do this, is to keep their team intensely focused on the bigger picture. This might entail allocating specific time for tasks and eliminating any non-essential work.

      If you’re easily knocked off track, you’ll need to spend some time boosting your focus. Try planning your day, week, month and year to help ensure that you don’t fall behind with achieving your goals. Check out the 7 strategies of staying super focus recommended by a productivity coach.

      10. Ever-learning

      Leaders know that to be successful they need to continually update their skills and knowledge. They deliberately learn all they can about their profession and industry, so they’ll able to make confident and assured decisions.

      Why is ever learning so important? I’ll leave it to you to find out the reason here:

      If I Am Living a Good Life, Why Should I Bother Learning New Stuff?

      Imagine a CEO of a solar power company. His company may have amazing solar panels, but when it comes to discussing business with potential buyers, if the CEO or his sales team show a lack of understanding about the solar industry and future trends, etc., they’ll be unlikely to win any business.

      It’s exactly the same for you. If you’re a team leader at an electronics store, you should make sure you fully understand all the products that you offer. But go beyond just that, and read about upcoming products and trends that might change what customers are interesting in buying in the future.

      Traits for effective communication

      11. Empathy

      The best leaders understand the feeling of their team members, customers and associates. They know when to praise, and when to discuss problems (usually in private).

      Without empathy, leaders will be seen as cold, harsh and lacking understanding. They’re also likely to be regarded as untrustworthy.

      One way to ‘put yourself in someone else’s shoes’ is to have regular informal discussions with your colleagues. When you do this, you’ll quickly learn their fears and desires. And when you understand why they have these – you’ll be in a position to express empathy. You can also learn to be more sensitive to others’ needs by taking up these communication skills.

      12. Persuasive and influential

      Communications are at the heart of all transactions. Whether it’s pitching for a sale or resolving a customer complaint, how you communicate will determine the outcome.

      Charismatic leaders such as Richard Branson (Virgin) and Mark Zuckerberg (Facebook) are confident and persuasive communicators. They know how to win over audiences and leave a lasting impressing in people’s minds.

      There’re some common barriers that you’ll have to overcome in order to communicate effectively:

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      How to learn effective communication? You could join the world-renowned U.S. nonprofit Toastmasters International. They’ve been training people in the art of public speaking since 1924, and members have included Napoleon Hill, author of Think and Grow Rich, and Star Trek actor Leonard Nimoy.

      If you don’t have time to join a club, then practice your communications skills at home. You can do this in front of a mirror, or even better, video yourself presenting, and then ask some friends and family members for feedback. You’ll be amazed at what they pick up on.

      Traits for ensuring an engaging team

      13. Team building

      If you put a bunch of random people together, you may have a loose definition of a team. In reality, a real team has purpose, drive – and a leader lighting the way.

      If you’ve worked in different teams and with different managers, you’ll no doubt have come to this conclusion:

      Managers who treat their team members like children are unpopular with the team. Conversely, managers who treat their team members like adults, are respected and well-liked by the team.

      The days of disciplinarian managers are passed. Nowadays, successful team leaders know how to inspire and motivate their team, while keeping a harmonious atmosphere between all team members.

      14. Fostering creativity

      Solutions to problems are rarely black and white. Often it takes a leader who can ‘think outside the box’ to come up with answers. In other words, a leader must be creative, and also help to foster creativity and innovation throughout their team.

      Creativity is not only associated with pursuits such as arts, literature and music, running a team can be just as creative. There will be times every day when you need to come up with ideas and give guidelines for your team to come up with theirs to solve problems.

      Leadership is a journey of continuous learning

      Leadership is an amazing experience that will take you on roads you’ve never traveled before.

      Begin now to build your skills and experience, pick out the traits that you currently lack – and then work on developing those.

      It will take tons of practice and time before becoming an effective leader but eventually you will join the ranks of great leaders.

      Featured photo credit: unsplash via unsplash.com

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