Risks, Success and Happiness

I’ve never thought of myself as a risk-taker because I don’t gamble nor engage in extreme sports like bungee-jumping or scuba-diving. It was only until a few days ago, when a personal experience lead me to examine myself further. I have realized that I am somewhat adventurous when it comes to making career-building decisions, and this characteristic of mine lead me to many opportunities, of which I am happy to have. I’m also adventurous when it comes to food choices and exploring different places.

Now this lead me to ask myself: “Are risk-taking, success and happiness correlated?” Yes, according to WebMD and Psychology Today. In the Psychology Today article entitled “Happiness is a Risky Business”, writer Angie Levan advocates healthy risk-taking. She says, “risk-taking is essential to learning what your limits are, to growing as an individual and to cultivating a thriving life. Risk is something to be fully embraced and celebrated! Without taking risks, it’s impossible to learn the skills that enable you to thrive in life, like learning to manage emotions in uncertain circumstances – which life is full of.”

For every risk, there is an inevitable loss, and that’s what scares people away. On the other hand, for every risk, there is something good to gain, which makes risk-taking very important for business,  as risk-taking is organic for any good entrepreneur out there. A study by Mckinsey shows how businesses that are more inclined to reallocating their resources and changing their strategies every three years are more successful than those that retain the same business strategy for a longer time. Based on the Mckinsey report, it seems like these organizations’ leaders are more adventurous than others. And personally, I think good leaders – whether they be in the private industry, the nonprofit industry or public governance – are smart risk-takers.

Earlier on, I mentioned that I’m somewhat of a risk-taker when it comes to work and career opportunities. How about you? Are you a risk-taker? What kind of a risk-taker are you?

Hope you can share with me your thoughts. Thanks for reading my blog!

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