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How risk averse are you?

Written by on Monday, March 31, 2008 – 4:43 pm -

Seth Godin had a good post today about getting versus taking. Getting an education, waiting to get something of value from your professor, waiting for your boss to give you the responsibility you have been waiting for, really just waiting for your turn to get what you deserve (or at least what you think you deserve).

Then there are the takers, now at first glance this may come across as a negative trait. Someone who always takes seems like the kind of person you want to avoid, right? After all, if they are so busy taking, then what do they have to give in return? Not that kind of take, the kind of take he is talking about is those that take a risk, those that do not sit idle and wait there turn to get what they deserve. The ones that have no sense of risk aversion, they go out on a limb to try something new, understanding that they may crash and burn miserably, but at least they took a chance.

I think that is one of the defining characteristics of an entrepreneur, someone who is a taker and not a getter. There is a fine line that you have to walk, one cannot just take any risk, it should be somewhat calculated (at least in my opinion, others may argue what is the point if you take calculated risks, then you are not really a risk taker, we can save that for another post). Bottom line is that without taking a risk, you are left with the what ifs, which can reek havoc on you if you let it (well, on second thought if you are a getter chances are that you do not play the what ifs, so I guess it would not really come into play for you).

It is better to have tried (take a risk) and failed than to never have tried at all. So, at what end of the spectrum of risk do you fall? Total aversion or full guns a blazing? I fall towards the later, perhaps with just guns cocked and loaded, not full on blazing.


Posted in Business, Life, Opinions, Web Community |

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2 Comments to “How risk averse are you?”

  1. Joe Manna Says:

    I admit I’m more trigger happy when it comes to improving (”touching”) static experiences for users. However, I’ve learned that you must consider you’re audience (both direct and indirect audiences) as well as consider the short-term and long-term impact when changing things.

    The problem a lot of people have with new ideas is execution. Execution is critical to success, just as much as well-thought ideas are.

    I think change is good. I take risks, but I am more open to communicate it during the process thereof, instead of asking/polling.

    It’s often much easier to ask for forgiveness than permission — that’s a rule I live by; and especially when communication is vital in Web 2.0 companies, it’s pretty much a rule instead of a cop-out.

    ~Joe

  2. Will Says:

    @Joe,
    Nice, two good comments in one day, where have you been all this blog’s life? ;-) I agree, it is much easier to ask forgiveness than permission, a good rule to live by!

    W

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Will Kern's take on business, startups, life and everything in between. This blog is like a box of chocolates, you never know what you are going to get.
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