The larger the risk, the more lucrative the potential. This concept is a basic tenant of investing, but it is applicable to every facet of life from the schoolyard to the boardroom. Ever notice who gets ahead fastest? The risk takers. You've heard before that you need to take risks, calculated or otherwise, so I'm not going to go through examples of successful companies founded by risk takers. For every success story, there's at least a dozen failures and even conservative risk takers are prone to failure. They fail because they've learned how to take calculated risks, but not how to ask forgiveness if the calculations don't hold water. If something doesn't work, there's no reason to hang your head in shame or dejectedly trudge back to the drawing board. Instead, face your issues head on and ask for forgiveness. Learn from your failures, and you will find success. Mistakes are forgivable and persistence is rewarded. Now, I can't claim credit for this concept. I read it in Tim Ferriss' book, “The Four-Hour Workweek,” and Tim might have gotten it from someone else entirely. No matter where it originated, if you diligently practice making tough decisions, following through, and then asking forgiveness if you fail; you'll stay on course to realize success.
Forging forward and asking for forgiveness if you mess up
June 24, 2009
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