Tag Archives: risk

Yes You Can! 4 Steps to Empowerment

Photo by stockimages from freedigitalphotos.net
Photo by stockimages from freedigitalphotos.net

Feeling stuck? Still living at home? Can’t get the job you want? Not getting ahead at work? Lacking control over your life? Millennials, this post is especially for you. It’s time to take things into your own hands.

These four steps to empowerment are straightforward, but not necessarily easy. You’ll need to gather your courage and tenacity to get through them.

  1. Take Responsibility

The first step is to think of moving forward, not backward. It doesn’t matter whose fault it is that you haven’t done something. Blaming won’t get you anywhere. To empower yourself, you need to admit you haven’t done it and take responsibility for doing it. No excuses.

“Parents can only give good advice or put them on the right paths, but the final forming of a person’s character lies in their own hands.” ― Anne Frank

  1. Take a Step Back

If you haven’t taken action because you don’t know how to, now is the time take a deep breath, be humble, and step backward to learn a skill that you may have missed. It’s far better to pause and learn than to offer yourself and others false expectations for success.

“There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.” ― Ernest Hemingway

  1. Take the Risk

Empowering yourself is taking charge and facing the consequences. That can be scary and there’s a good chance you’ll make mistakes along the way. Let me tell you a secret: we’ve all been there. Even if you grew up in a seemingly “perfect” household with “perfect” grades, parents, teachers, and bosses alike have all made numerous mistakes. It’s how we’ve gotten to where we are today.

“A ship is always safe at the shore – but that is NOT what it is built for.” ― Albert Einstein

  1. Try Again, and Again

Brace yourself to be resilient as you take risks and make mistakes. You’ll need to pick yourself back up from setbacks and keep a positive attitude as you do it over with the information you learned. It may take several, if not many tries to get it right. Remember Alexander Graham Bell’s 10,000 light bulbs that didn’t work.

“Success is not final, failure is not fatal: it is the courage to continue that counts.” –Winston Churchill

Bill Treasurer: 5 criteria for evaluating whether a risk is right or wrong for you

BBill Treasurerill Treasurer is an expert on Risk. He has graciously shared tips for assessing whether taking a risk is right for you. Millennials, especially, consider Bill’s advice. Women too. You have been raised in a risk-averse environment, but risk is actually a good thing if done right.

Bill Treasurer: 5 Criteria for Evaluating Whether a Risk Is Right or Wrong for You

When considering a risky move, most people resort to simple math, asking “What will I get and what do I stand to lose?” But big moves need to consider more than just gains or losses. It takes more than simple math to judge whether to take a risk. As explaiRight Risk book coverned in one of my other posts a Right Risk is one that is congruent with your deepest held values. It’s a risk that should help close the gap between who you are and who you aim to be. What matters most isn’t how much you stand to gain from the risk. What matters most is whether the risk is true for you. Risk should be about more than compensation. It should be about destination. Not, “What will this risk get me”, but “Where will this risk take me.”

Here are 5 criteria that you can use that will help you access your risk at a much deeper level than just jotting down a pro and con list. Using the 5 Ps won’t guarantee that your risk won’t be a wipeout, but they will increase the probability of success.

Passion: A Right Risk is something we care about intensely. Right risks are often ordeals, and ordeals involve suffering. The word “passion” comes from the Latin verb pati, literally translated as “to suffer.” By arousing the strongest, most untamed parts of our nature, and stirring up the wild mustangs in our soul, our passion gives us the raw energy and wherewithal to suffer through the anguishing moments that often accompany right risk. Ask, “What about this risk energizes me?”

Purpose: A Right Risk is taken out of a deep sense of purpose. Purpose serves to harness our passions and give them direction. Right Risks are rich with meaning. They stand for something beyond sensory or ego gratification. Ask, “How will this risk make me a more complete person? How will this risk further my life’s purpose? How will it help me get to where I want to go?”

Principle: Right Risks are governed by a set of values that are both essential and virtuous. As mentioned, risks are essentially decisions, and when facing a decision of consequences, principles form a set of criteria against which the risk can be judged. The principles that right- risk takers often use as the basis of their decision-making include truth, justice, independence, freedom, mercy, compassion and responsibility. Ask, “By taking this risk, which of my deepestly held values or ideals will I be upholding?”

Prerogative: Right-risk taking involves the exercise of choice. Right-risk takers view the power to choose as a privilege, and then honor it as such. By consistently making choices at a conscious level, they are better able to make superior judgment calls at an instinctual level — in fast-moving situations. After all of the input of naysayers and yea-sayers are considered, the Right-risk taker makes the final judgment as to whether the risk is right for him or her. Ultimately, a Right Risk is an exercise of free will. Ask, “Am I taking this risk because I have to, or because I choose to?”

Profit: A Right Risk should come with a real potential for gain. Risks are, well, risky. And in exchange for assuming the potential risk of hardship, you are entitled to some real and unequivocal upside gains. Notice, however, that Profit is the fifth “P”. It’s the criteria that should be assessed last, otherwise you’ll be in danger of getting too enamored with the pot at the end of the rainbow, which can distort your decision-making. Ask, “What gains do I hope to reap from this risk?” and “How enduring are the gains likely to be?”

Bill Treasurer is the author of Leaders Open Doors, which focuses on how leaders create growth through opportunity. Bill is also the author of Courage Goes to Work, an international bestselling book that introduces the concept of courage-building. He is also the author of Courageous Leadership: A Program for Using Courage to Transform the Workplace, an off-the-shelf training toolkit that organizations can use to build workplace courage. Bill’s first book, Right Risk, draws on his experiences as a professional high diver. Bill has led courage-building workshops for, among others, NASA, Accenture, CNN, PNC Bank, SPANX, Hugo Boss, Saks Fifth Avenue, and the US Department of Veterans Affairs. To learn more, contact info@giantleapconsulting.com.

How We Are Disempowering Youth

By Joanie Connell

I drop my daughter off daily at middle school by driving into the parking lot, pulling up to the curb next to the school and popping the trunk. She hops out, goes around back, gets her backpack and closes the trunk. I drive off. It takes less than a minute.

school bus with kidsThis summer, my daughter is attending a camp at her school that is run by a different organization. We drove in the first day and were abruptly stopped by a hysterical person who was waving her arms and telling us we had to pull up into a lane behind other stopped cars. No problem. We pulled up and my daughter opened the door to get out. The person came running over, frantically, shouting at her to get back into the car. She informed us that we had to wait for a camp counselor to open the door for her. Kids weren’t allowed to open the car doors. Long story short, we waited for another 10 minutes for the lines of cars to pull up to the counselors (in an orderly fashion) and have a counselor open and close the door for each child.

Pick up was even slower. I asked (in as polite a way as I could possibly muster up) why they had crippled a perfectly functioning drop off and pick up system for the summer camp. The director of the drop off said it was because they had kids as young as second graders attending camp. “Of course,” I conceded. “It’s nobaby in carseatt only middle schoolers.” “But wait,” I thought, “second graders are 7-8 years old. Since when can 7- and 8-year-olds not open car doors?” Is this what our society has come to? If 7- and 8-year-olds can no longer open car doors on their own, haven’t we failed miserably as caregivers?

student waving goodbyeThe complete irony here is that this camp is for “academically talented” kids. Don’t get me wrong, I love the camp. It is a fantastic camp. And it’s not the only camp that is developmentally delaying children. My daughter went to a YMCA camp last year and had to hold onto a rope when she got out of the car. It was like preschool all over again. It seems that it’s not just “academically talented” kids who are incapable. At least, that’s what the adults think. The kids are actually very smart. You should see them trying not to hold onto the rope, being as sly as they can to make it look like they’re holding onto it for the counselors’ sake, but really not holding onto it for their own dignity’s sake. They know they don’t need to be treated this way. Why don’t we?

More importantly, who will our children turn out to be? How well will mother with daughtersthey be able to take care of themselves as adults? How much initiative will they take as employees? How many risks will they take as entrepreneurs? How strongly will they stand up in political negotiations as leaders of our nation? How well equipped will they be as caregivers of aging parents and their own children?

padlockWe think we are helping our kids by protecting them, but we are disempowering them in the process. You know what I mean; this is not just about opening car doors. The more we protect children, the less they are able to grow and take care of themselves. The more we instill fear and helplessness into our children, the more scared and helpless they become. Are those the qualities we want to instill in our future generation of leaders? Now that’s a scary thought!

Guest Blog at the Rady School of Management at UCSD

I recently posted a guest blog at the Rady School of Management at the University of California, San Diego on the issue of risk mitigation.  The blog uses the recent chaos that ensued after the snowfall in the South as an example for thinking about mitigating risk in companies.  Click on this link to read the blog.  It will inspire you to ask the right questions beforehand, to be prepared and not caught totally off guard when unexpected things happen at your company.

Failing to Succeed

by Joanie Connell

successWhat does it take to succeed? Isn’t that the burning question? Of course, it depends on what your definition of success is to begin with. Is it money, fame, power, happiness, self actualization? The first step in success is to know yourself—what is important to you, what do you value, what are you good at, what are you not so good at? Failing that, you will never truly succeed.

I was an electrical engineer before I became a psychologist. I went into engineering for all the wrong reasons. They seemed like the right reasons at the time, because I was young and inexperienced, and I was looking for a short-term solution. I wanted to make money, and my parents made it abundantly clear that I needed to be able to support myself upon completing college.

I spent many a night flipping through the book of college majors, looking longingly at music, French, and sociology, but questioning what kind of money I would make if I went down one of those paths. Given that I was good at math and computers, I chose the one major I could find where I could start out as a professional with only an undergraduate degree: electrical engineering.

I did succeed at making money, but I was not happy. I had to go back and do a lot of soul searching. I bought the book “What Color is your Parachute?” and diligently worked through all of the exercises. I explored and prioritized what was important to me. I solicited feedback from friends and family on what they thought I was good at and what would be a good fit for me. I interviewed many professionals in a variety of jobs to see if these jobs would be a good fit for me. Through this process, I decided to become a communications consultant. I learned that I needed to go back and get a Ph.D. to be successful at that. I learned that I liked to solve problems (like an engineer) but they needed to be people problems. I learned that I did have to make enough money to support myself, but not as much as an engineer. I learned that I needed to make a positive impact on the world (even in a small way) to be successful in life. That’s what is important to me.

A few years back, during a coaching session, an executive told me that I had found my calling. It was the best compliment I have ever received at work. I realized then and there that my strength and passion are to help people reach their potential in life. I’ve gone through countless failures to get to that point, and it hasn’t been easy.

Like with exercising and diets, people want to learn the shortcut to failuresuccess. The New York Times Bestsellers list is full of books on how to be a successful leader. The problem is: there is no formula for success. It takes discipline and hard work, and every successful person will tell you that they have failed.

Even the Harvard Business Review has dedicated a special issue to failure. Every article talks about major business failures. The key message, however, is to learn from your failures.

Proctor & Gamble’s former CEO, Alan Lafley, says that, in his experience, “we learn more from failure than we do from success.” He says that 80% of new product innovation fails in the industry of household products. It wasn’t until he had P&G go back and systematically study their failures over the past 3 decades and define what success meant, that they understood why. Needless to say, they’ve improved their success rate ever since.

People are the same way. Instead of forgetting the past, we need to learn from it to do better in the future. We also need to take risks to succeed. If we wrap ourselves up in a security blanket, we will close ourselves off from opportunities to grow.

In the end, failing is important to succeed.