Taking Calculated Risks

Whether it’s a myth or not, we’ve all heard about what would be possible if we could access every part of our brain. Without going to overboard, imagine what the world would be like if we had that capacity to execute all of our ideas. Think about what your life would be like in that situation. It might just be too much to even imagine.

Whether it’s fortunate or unfortunate, we don’t have that ability to facilitate our plans so easily. It takes a lot of work and sometimes, when the facilitation requires a lot of resources, we decide that it’s just not worth it. It’s not worth the risk. How’d you decide that? Hopefully, you came up with a pros and cons list, where you weighed the risk and the reward.

Let’s take it another step further and really consider the risks and rewards to a place where we’re almost just thinking about one of those…risk. Liability. The red. Rejection. Negative feedback. Failure. Etc. It’s not easy to deal with all of those realities, so we often avoid them all together by just saying no to ourselves. Before you get to that point, just ask yourself one question, did you really calculate your risk?

Calculated risks are how I see every action in every day of my life. It’s not quite as systematic as how Neo sees the world in the Matrix, and it’s not quite as black and white as binary, but almost everything is quantifiable. Or, it’s quantifiable enough to be considered a calculation that makes it a little easier to use as a means for basing your decision.

The featured image is a lottery ticket, as you can see. Why? While most people scoff at the lottery because of the insane odds that you have of winning a significant amount, (relative to the individual, but everyone wants the jackpot) I use it to explain risk calculation at the most basic level. Ignore the size of the jackpot and look at the cost to play.

Typically it’s 1 or 2 dollars for a single chance to win, no matter what those odds are. Can you afford it? I can’t answer that for you, nor can I answer how often you can afford to play it, or to what capacity every drawing, but you can calculate that answer very easily and determine whether or not it’s a risk you want to take. Scale this concept to whatever creative ideas that pass through your mind and calculate if you can take that risk.

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