{"id":510,"date":"2018-08-16T19:59:51","date_gmt":"2018-08-16T23:59:51","guid":{"rendered":"https:\/\/blog.highheeledsuccess.com\/?p=510"},"modified":"2018-08-17T15:28:34","modified_gmt":"2018-08-17T19:28:34","slug":"risk-taking-101-find-balance","status":"publish","type":"post","link":"https:\/\/blog.highheeledsuccess.com\/?p=510","title":{"rendered":"Risk-Taking 101: Find Balance"},"content":{"rendered":"

\u00a0“You can’t be successful in business without taking risks.\u00a0 It’s really that simple.”\u00a0 <\/em><\/p>\n

–Adena Friedman,\u00a0<\/em>President and CEO of Nasdaq<\/em><\/p>\n

Taking risks is necessary in business; however, you don\u2019t want to be the one who jumps into anything or the one who lags behind and misses an opportunity.\u00a0 Hopefully, after thinking this through with me, you\u2019ll be able to find your sweet spot \u2013 being both confident and completely aware as you make a risky decision.\u00a0 If you have any questions, after reading this, I\u2019m always here to coach and support you!<\/p>\n

First of all, there are three types of risk-takers:\u00a0 jumpers, ruminators and sweet spot riskers.\u00a0 Jumpers don\u2019t exercise due diligence.\u00a0 Jumpers are unrealistic about the circumstances, their resources and possibly time management.\u00a0 Jumpers might be unrealistic about the potential revenue, haven\u2019t thought about how time consuming something is and generally have blinders on.<\/p>\n

For example, I had a client who was starting a business.\u00a0 She chose to spend an excessive amount of money for website, rent office space hired an expensive staff member.\u00a0 She has been working overtime just to cover her expenses and has not been able to turn a profit.<\/p>\n

Ruminators tend to go over and over information, stalling and failing to make a decision.\u00a0 Ruminators are driven by fear.\u00a0 The numbers make sense, yet they do more research and more research.<\/p>\n

Sweet spot riskers \u2013 that\u2019s where you want to land by finding balance between facilitating the necessary due diligence and moving forward because the facts present themselves.\u00a0 You have what you need to make a clear, reasoned and thoughtful decision.<\/p>\n

When you have an opportunity that requires risk and are trying to follow a process that will help you find the correct level of risk, think QCAT as the acronym to find your sweet spot.<\/p>\n

Q for Quick \u2013 be quick but not hasty and set a timeline for decision making<\/p>\n

C for Committed \u2013 be committed, but not rigid, and if new data presents itself that suggests a change of direction, be ready to change<\/p>\n

A for Analytical \u2013 be analytical, but do not over analyze and use data to push through fear<\/p>\n

T for Thoughtful \u2013 be thoughtful, but not obsessive<\/p>\n

Personally, I tend to be more of a ruminator.\u00a0 When I first started my own business; however, I was a \u201cjumper.\u201d\u00a0 So I\u2019ve experienced the extremes and have used these exact same techniques over the years to find my own sweet spot for risk-taking.<\/p>\n

If you would like to walk through these steps with someone who has been there and are eager to make a greater impact in your career, it would be my honor to be part of that process with you.\u00a0 Please give me a call at 513-561-4288 or connect with me via email at kay@highheeledsuccess.com<\/a>, so we can empower you to achieve that goal.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0“You can’t be successful in business without taking risks.\u00a0 It’s really that simple.”\u00a0 –Adena Friedman,\u00a0President and CEO of Nasdaq Taking risks is necessary in business; however, you don\u2019t want to be the one who jumps into anything or the one who lags behind and misses an opportunity.\u00a0 Hopefully, after thinking this through with me, you\u2019ll<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3,26,1,17],"tags":[53,60,59,19,6],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Qkhe-8e","_links":{"self":[{"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=\/wp\/v2\/posts\/510"}],"collection":[{"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=510"}],"version-history":[{"count":2,"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=\/wp\/v2\/posts\/510\/revisions"}],"predecessor-version":[{"id":512,"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=\/wp\/v2\/posts\/510\/revisions\/512"}],"wp:attachment":[{"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.highheeledsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}