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Tips for successful risk taking

Career Tips - By Nancy Nzalambi | January 20th 2021 at 09:25:00 GMT +0300
Lack of explored potential may bring your career down unforeseeably sooner (Shutterstock)

From keeping up with competition, product development to customer relations, financial recovery and office politics, lack of explored potential may bring your career down unforeseeably sooner.

Here are some tips to consider as you make a leap of faith building your career or business

Identify solutions

You need to identify solutions for possible negative outcomes of your decisions. Do not let negatives go unresolved. After all, if your choices could not bring you the desired outcome, there is always a lesson to take home.

Plan on long term basis

Your plan should be solid enough to create stability and allowance to put down the next step.

Be flexible

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Always be willing to adopt the surprises that will come along. That way, your ideas will not be clouded or carried away in the process.

Put some money aside

You need to set some money aside so that you will have a soft landing when the plan fails to deliver

Run a pilot

Take the plan through a test and keenly observe the reviews. Seek constructive feedback without fear of people poking too many holes in your idea. Take time to address concerns before fully launching your plan.

The take away

Establishing a risk management culture will go a long way in making sure that you make calculated risks with anticipated challenges and outcomes.

You have to make a plan, identify hazards and risks involved. During implementation, constantly monitor and evaluate progress and take reviews and feedback seriously.

And above all, stay in control of the situation.

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