Recently I have been taking a crash course about risk-taking from an entrepreneurial lady. I noticed we have very different attitudes toward risk-taking. The attitudes that make me an effective teacher do not empower me in taking risks. I am learning to change.
These are some of the paradigm shifts I need to go through. Maybe it applies to you too.
From “I should not lose any single cent of my investment.”
To “It’s acceptable to lose some money as long as I can stomach the risk.”
From “Loss is painful. Avoid at all costs.”
To “Loss is temporary. I can earn it back. If I am not willing to bear with temporary loss, I will not be able to reap the long term gain.”
From “I must have solutions to all possible challenges before entering the business.”
To “I solve problems as I encounter them.”
From “If my plans fail, it’s a shame and a blemish on my capability and my judgment”
To “If my plans fail, I can learn from my mistakes and quickly change my plans.”
From “I have set out my plans this year. I will not be distracted.”
To “I see a great opportunity. I will think of ways to seize it.”
From “To be in hundreds of thousands of debts is a disaster. My life is ruined.”
To “To be in hundreds of thousands of debts is terrible but it can be repaid. It will not kill me.”
From “If I am in debt due to business, people will look down on me.”
To “If I am in debt due to business, people will look down on me if I run away from my financial responsibilities and refuse to do the right things to work out a repayment plan.”
From “I don’t need a lot of money. No need to take risks and go into business.”
To “I don’t need a lot of money, but I can use my business to bless many other people.”
From “Being cautious is the best attitude.”
To “I need to be cautious but it can only bring me this far. Facing unknowns in business, I need to trust that things will work out for the better, and the boldness to just go ahead with my plans and pivot along the way.”
From “I got to do everything perfectly and by the book.”
To “Be ready to be flexible and adapt, as long as what I do is ethical and do not break the law.”
From “The quality of my business plan determines my chances of success.”
To “The quality of my team determines my chances of success.”
From “Money talks.”
To “Trust talks.”
Hope this helps.
Future Ready Tutors 