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When it comes to taking risks, there's something to be said for trusting your gut.

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But too many people confuse a gut instinct with fear. They assume their discomfort means their gut is telling them not to proceed. So rather than step outside their comfort zonethey avoid the risks that could propel them forward.

Whether they stay stuck in a job they don't like or pass up a new business opportunity, many people struggle to calculate risk. They assume if something feels scary, it must be really risky.

But that's not an accurate way to measure risk.

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Your level of fear usually has nothing to do with the actual level of risk you face. Take, for example, public speaking.

It's often cited as the No. But public speaking isn't actually risky. Sure, there's some social risk involved--people may judge your speaking ability or find your message boring.

But their judgment won't kill you. Still, because public speaking feels risky, many people won't do it. On the other hand, most people don't think twice about jumping into a car and going for a drive.

For the average person, that doesn't feel risky. Yet car crashes kill people every day.

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In fact, statistics show the odds of dying in a car accident over the course of your lifetime are 1 in There's zero chance you'll die of stage fright. When you have no fear at all--like when you're really excited about a new opportunity--there's a good chance you'll underestimate risk.

Additionally, you'll overestimate your abilities and your chances of success.

() claimed that low nAch was associated with low expectations, failure, low competence, self- Taking calculated risk is the latest approach in entrepreneurship. . Entrepreneurs don't have to seek opportunities all the time. . innovativeness, locus of control, and self-confidence would predict entrepreneurial attitudes. Being adventuresome. Living on the edge of one's competence “We must have courage to bet on our ideas, to take the calculated risk, and to act. Everyday living the courage and the confidence and the risk-seeking profile that you need.”. Entrepreneurs seek opportunities and take the initiative to transform them into business situations. Persistence Taking calculated risks is one of the primary concepts in entrepreneurship. Goal setting Independence and self-confidence.

That's why some people fall for get-rich-quick schemes. The promise of a giant return on their investment deludes them into thinking they're going to succeed.

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Comletent it doesn't feel scary, they assume it isn't risky. Mentally strong people don't fear taking calculated risks. They know taking the right risks could be the difference between living an ordinary life and living an extraordinary life.

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Instead, it's important to assess the actual level of risk by examining the facts. Create a list of the pros and cons and the potential risks versus benefits.

Writing down the facts and reading them over will help you view the risk with logic--and that's the key to balancing out your emotions. When you're excited about an opportunity and know you're likely to overlook the risks, ask a trusted adviser, "What are the potential drawbacks?

On the flipside, when you're too afraid to make a move, talk to someone about the potential benefits of moving forward. Hearing some words of wisdom from someone else may help you find the courage to take the leap.

Without risk, there is no failure, and without failure, there is a lack of learning. Those lessons we learn from taking risks provide us with strength and confidence-two qualities we . The better you become at analyzing and assessing before taking a risk, and then avoiding as much of the risk as possible, the more competent and more capable you . Assuming that a record of attending training is the same as evidence that someone is currently competent is an all too common mistake and can pose a serious risk to the organisation. Perhaps the most tangible example is the NHS in the UK.

You can also ask yourself, "What advice would I give to a friend?