• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Marc's Blog

Content Writing and Marketing Services

  • Home
  • About
  • Work With Me
  • Podcast
  • What I’m Doing Now
  • Writing Portfolio

How To Take A Calculated Risk

August 19, 2014 by Marc Guberti 4 Comments

I'm happy to see you around. You may want to subscribe to my blog. Thanks for visiting!

Welcome back! I am so happy to see that you have come back for more.

Calculated Risk

The successful entrepreneurs do not take risks just for the sake of risk taking. Instead, these entrepreneurs take calculated risks. These are the kinds of risks that are more likely to pan out in the end. Investing all of your money in one random stock is a risk that rarely pans out. Investing some of your money into one stock that has been picking up (and looks like it will continue to pick up) is a calculated risk.

In order to take a calculated risk, you need to calculate what would happen. Planning is a crucial step towards identifying whether the risk is going to work out or not. You need to set a framework for yourself before you take the risk so you know what to do. The better your plan is, the less likely a risk is going to hurt.

While planning is important, it is also important to weed out the calculated risks that are not worth taking. You need to take account of a calculated risk’s impact. The more impactful a calculated risk, the more important it is for you to plan and then take that risk. The more picky you are with the calculated risks you take, the better you will be at choosing the best calculated risks to take.

Finally, the name of this blog post is How To Take A Calculated Risk. You do need to have a plan, but if you overthink the risk, then you will not be able to propel yourself. Once you have the plan laid out and know it will be very impactful, you need to take the risk. Calculated risks with effective plans and big impacts are the ones made to implement.

Be a calculated risk taker and give your ideas a chance. What are your thoughts on taking calculated risks? Have you already taken a calculated risk for your business or any other area of your life? Please share your thoughts below.

 

Success! You will receive your free eBook shortly.

There was an error submitting your subscription. Please try again.

Did you enjoy this article?
If you liked this article, then you will love my free eBook, 27 Simple Ways To Get More Blog Subscribers.
I agree to have my personal information transfered to ConvertKit ( more information )

Share this blog post:

  • Tweet

Related

Filed Under: Business, Entrepreneur, Mindset, Motivation

Reader Interactions

Comments

  1. @AinaNorway says

    June 19, 2015 at 10:26 am

    Really enjoyed your perspective Marc. You #GenZ never stop to amaze me! I would like to introduce to the discussion the concept of uncertainty. Planning to take a risk is much about identifying and understanding what is uncertain in the calculation and planning/acting to reduce those uncertainties. This means that calculating risk is all about doing the homework to gain as much knowledge as possible to understand uncertainty in the risk and undertake actions to mitigate those uncertainties.

    Reply
    • Marc Guberti says

      June 29, 2015 at 1:02 pm

      Great addition! Uncertainty is what hinders people from taking risks because uncertainty presents a foggy path. Removing as much of the fog as possible gives you a more clear path and allows risks to work out.

      Reply
  2. archies2013 says

    January 13, 2015 at 10:48 am

    Great outline of risk taking Marc. It’s true. Risk is necessary to survive in this world but risk without a plan is destined to bring you to failure. Calculated risks over time will propel you towards your end goal.
    Taking it a step forward, here are a couple of added tips for your readers.
    Don’t look for the reasons your project will succeed but rather the reasons it will fail. Do this BEFORE you execute and you can head off problems in advance, or avoid a wrong path.
    When you are younger you can afford greater risk as you have time to learn and recover from your failures (which, of course, are lessons in disguise and actually good things). As you grow older, you must reduce your exposure to risk.
    Thanks
    Archie @DirtyRedHat.com

    Reply
    • Marc Guberti says

      January 14, 2015 at 10:02 am

      My pleasure Archie. I definitely believe taking risks is better at a young age because a young age typically brings forth more stability (no paying for taxes, no expenses, no paying for food, and other stuff). However, it is necessary for anyone of any age to take risks to become successful. I believe many people see risks as the win-it-all or lose-it-all gamble. Taking calculated risks will make you go from a gamble to a actionable plan that has a better chance of leading to the desired result.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

I am a business freelance writer who writes for individuals, small businesses, and corporations. My content will help drive engagement and sales to your business. I have produced content for several companies, including…

  • Upwork
  • MoneyLion
  • Freight Waves
  • Westchester Business Journal
  • Property Onion

Listen to the Podcast

Copyright © 2023 · Genesis Sample on Genesis Framework · WordPress · Log in