“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
Mark Zuckerberg
A Super Achievers Risk Is A Constant
An inescapable part of being a Super Achiever is managing risk. With risk comes an element of fear. Fear of the unknown is the biggest one of all.
How does the Super Achiever manage to accomplish goals in spite of this unnerving element of risk. It's bad enough to experience it once in a while, but it seems that achieving greatness automatically introduces the element of success or failure.
The Super Achiever can look around and find that most people will not go places and do things that the Super Achievers will do.
So how does the Super Achiever deal with risk?
Accept The Risk
It doesn't take long for the Super Achiever to realize that there is not a way to do great things in life without risk.
The first step is to come to terms with this issue head on. Accept risk as a part of everything you do. Regardless of what you tackle in life, big or small, there will exist the element of risk.
Becoming the best at what you do is not easy. It is full of hard work, sacrifice, and overcoming challenges. You can join the ranks of greatness, and achieve your dreams with systems in place to handle the risks at every level.
First, make a mental note that you will accept risk in your life with everything you do. It will be at every turn, on every level. Super Achiever accepts this as fact.
Get Input From The Experts
Once you know that risk is a part of every equations in the game of winning, the next step is figuring out how to manage it when it appears on your doorstep.
When it does show up, we must mitigate it in such a way that it's impact has the minimal effect on our forward progress. Yes, it is there, we know, but what impact will it have?
In order to answer this question, we need information. What type of information? We need to gather information from the experts in order to accurately evaluate the impact.
Acting on supposition, guess work, or opinion will not do. We need accurate quantitative information from the experts that deal with it everyday. Get your information from there.
Identify The Consequences Of Each Risk
With the expert information that we collected, we can determine what consequences the risk may impose upon our progress.
Set up some categories to categorize the consequences of each risk. Is it high risk, medium, or low risk? Are there costs involved to mitigate? Are the costs high, medium. or low?
Not every risk has devastating consequences, not every risk has to be dealt with right away. That's why it's good to identify their consequences into categories to assess their impact.
Assign probability
The probability of winning the lottery is approximately about 1 in 302.6 million, but do people still take a chance? Most people may not pay attention to the probability, but it still exists.
When dealing with risk, the Super Achiever pays close attention to the probability of the risk causing damage to their progress. What is the probability for each risk in each category?
Go through your list of possible risks and assign a probability to each one. What's the likelyhood of the risk impacting your ability to reach your goals?
Develop Mitigation Strategies.
Next, ask yourself, if the worst happens, what is the plan?
Create a mitigation plan for each impending risk, if the worst did happen. Planning for the risk helps reduce that element of fear that can sometimes cause us to act irrationally.
A cool head and a good plan will keep you on target to reaching your goals when others are panicking in fear and indecision.
Based on all the facts you've gather from the experts, and the knowledge of where you want to go, put together your best mitigation strategy in case the worst does happen. You will be prepared.
Monitor Your Risks
Once your plans are in place, keep moving forward towards your destination, but keep an eye on the risks. Monitor them to make sure they don't change as you climb up to higher levers of your progress.
If you are executing a mitigation strategy, monitor its progress to make sure it is working as expected. Changes may be necessary, and adjustments might be required to keep progress moving.
As soon as you discover undesirable signs of impact, start monitoring more frequently. Early detection brings early solution.
Risks are alway present, and can be kept to a minimum, but never take your eyes off of them for a second. If not, they can come out of nowhere to send you in a tailspin.
Exploit The Risk
As you make progress in spite of the risks, the upside is that you get to enjoy the higher levels of realization that most are afraid to obtain.
Taking huge risks in a strategically, well planned approach, can give you some remarkable results that others may not be able to realize.
Take advantage of the risks that other people don't want to mitigate, and enjoy the exceptional level of achievements you will make.
On your Super Achiever journey to mastery of whatever you are trying to obtain in life, this plan will get you used to moving ahead in spite of the appearance of any risks that life throws your way.
You are on a mission to win at this game of achieving your life's best. So, take the intelligent risks all the way to the top.
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Thank You
"Thanks for reading.
Hope it helps you in some way.
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Albert Powell
It as hard to come by educated people about this subject. However, you sound like you know what you are talking about! Thanks.