riskandrewardLawyers are competitive, and it may be that we hate losing more than anyone else. Some lawyers never fail because they work harder than their opponent to ensure success. Other lawyers never fail because they are risk adverse. Being risk adverse, however, can prevent growth and longer-term success.

As Fast Company points out, little failures result in lessons, but big failures result in growth. Taking a big risk is likely to result in big success one way or another. If you succeed, the risk was worth taking. If you fail, the intangibles are well worth the loss.

The intangibles are numerous. Proving to yourself you can take a big risk. Proving to others you are willing to take risks. Breaking out of your routine. Perhaps most important, putting yourself on the line will create all sorts of introspection that is likely to result in personal development.

If confronted with a big risk, ask yourself “what is the worst thing that can happen?” Most of the time, the answer is not that devastating.

Take the risk, it is worth the rewards.

  • Right on.

    I picked up the “what’s the worst that could happen?” habit from the Four Hour Workweek, and it has helped me take several risks with my business that I might have been afraid to take otherwise. Every time I have taken a calculated risk—big or small—I have benefited, although not always in the way I thought I would.