7 Reasons Why Risk-Taking Leads To Success

1. Great, otherwise unforeseen opportunities often come from risk-taking.

We tend to view risk-taking negatively, often regarding it as dangerous and even unwise. But while so1. Great, otherwise unforeseen opportunities often come from risk-taking.

We tend to view risk-taking negatively, often regarding it as dangerous and even unwise. But while some risks certainly don’t pay off, it’s important to remember that some do. Reframing risk as an opportunity to succeed rather than a path to failure is something Sandra Peterson, CEO of the $10 billion business Bayer CropScience, knows well. She told Forbes in 2011:

2. Taking risks shows confidence and helps you stand out.

Taking a risk is also a great opportunity to stand out and to present yourself as a leader, not a follower satisfied with the status quo. Tamara Abdel-Jaber, who is the CEO of the tech company Palma and was named one of the 100 Most Powerful Arab Women in Arabian Business Magazine in 2011, told Women 2.0:

The way I see it, many people in … [the Middle East] don’t have many resources and knowledge. In order to stand out, expend a little extra effort … I am passionate about knowledge and pursued that from an early age by working hard in school and have continued to do so throughout my life. My knowledge helps me to be confident, and I like taking risks.

3. We learn from risks — and those lessons may lead us on an important, new path.

But beyond the external opportunities and recognition risk-taking can bring, it also provides an opportunity for internal growth. Heather Rabbatts, the first female non-executive director of The Football Association, told the BBC in an interview for the Woman’s Hour Power List:

I think I’ve always felt that there was something quite exciting about taking risks. And there’s a great saying, actually, that you only learn when you are at risk and I’m fascinated by both risk and learning, so that has led me to take jobs that people would think “you can’t do that, that’s just impossible.” No it won’t be.

4. Success won’t fall in your lap — you have to pursue it.

But beyond being personally or professionally beneficial, taking risks may be a necessary step in actively pursuing success. When asked how she became the first female CEO of a television network in a Huffington Post interview, Kay Koplovitz responded:

You really have to put one foot in front of the other and start on your journey. You have to be comfortable that you don’t know exactly how you are going to get to the results that you want to see. There is going to be experimentation along the way. And you have to be comfortable that you can think your way through and actually execute your way through to the desired outcome. I expected to be successful. I wanted to be successful.

5. You don’t achieve your dreams by playing it safe.

Risk-taking won’t only potentially benefit the career-path you’re already on — it may actually open you up to a world of possibilities you have yet to consider. President and CEO of EngenderHealth Pamela Barnes urged female professionals to leave their comfort zone in order to achieve their potential in an interview with The Grindstone:

6. Embracing risk-taking helps you overcome a fear of failure.

Arianna Huffington has long identified the fear of failure as a major roadblock to success. She told Business Insider last year:

But failure, Huffington insists, isn’t the end of one’s journey to success, but usually the beginning. She told The Guardian earlier this month that her mother always taught her that, “Failure is not the opposite of success but a stepping stone to success. “

7. Taking a risk doesn’t mean doing so haphazardly.

While risk taking can clearly be personally and professionally beneficial, it doesn’t occur in a vacuum, either. People don’t benefit from risks without preparing to take them and educating themselves on the possible fall-out. JetStream Federal Credit Union CEO Jeanne Kucey is well-aware of this fact.

“While I’m definitely a risk taker, at the same time, I do my homework and understand the importance of implementation and follow through,” she told the Credit Union Times in 2012. “You can’t just throw a bunch of ideas without seeing the whole process of a project and what the end should be or look like.”

me risks certainly don’t pay off, it’s important to remember that some do. Reframing risk as an opportunity to succeed rather than a path to failure is something Sandra Peterson, CEO of the $10 billion business Bayer CropScience, knows well. She told Forbes in 2011:

The Huffington Post  |  By Julie Zeilinger

 

WhatsApp founder applied for a job at Facebook in 2009 & got rejected

The attitude of successful people is when they face a challenge they don’t give up and the believe that they got somethign good to offer

Facebook’s astounding $19bn acquisition of WhatsApp is making headlines all around the world due to the sheer scale of the multi-billion dollar deal.

It is Facebook’s biggest transaction since the company was founded in 2004, and probably the largest ever price offered for a start-up surpassing Microsoft’s $8.5bn acquisition of Skype in 2011.

So the deal comes off as somewhat ironic considering co-founder Brian Acton was rejected by Facebook after he applied for a job there in August 2009. Bloomberg reports that Acton applied for a job at the socialnetworking company after exiting Yahoo!. After he was unsuccessful, he tweeted a status expressing his optimistic outlook despite the negative outcome.

He soon partnered with fellow ex-Yahoo employee Jan Koum to begin a mobile application which would change their lives. Acton is now having the last laugh, after securing a deal with the very same company which rejected him over five years ago. With at least a 20% stake in the company, he will likely gain a whopping $3bn out of the deal.

His co-founding partner Jan Koum has also faced many challenges during his life. The 38-year old’s modern lifestyle is a stark comparison to his impoverished childhood where his family escaped Ukraine after the fall of the Soviet Union. As a teenager, his family relied on food stamps to survive. After much hard work and dedication, the pair now have enough money to retire early, and quite comfortably for that matter.

Source: Bloomberg

Successful People Share 3 Traits

As parents of two middle schoolers (eighth grade and sixth) my husband and I spend time attempting to help them develop characteristics that we believe are useful and good.

Looking others in the eye when talking, a firm handshake, and the ability to carry on a conversation are just a few of these skills. We encourage them to work hard and do well in school. We put emphasis on them working hard and doing their best, rather than the outcome or the grade itself.

Like most parents, we want our children to be successful. A recent New York Times article, “What Drives Success,” by two Yale Law School professors and the authors of the forthcoming book, “The Triple Package: How Three Unlikely Traits Explain the Rise and Fall of Cultural Groups in America,” has given me pause. Are we helping them develop the traits that will lead to success?

According to Amy Chua and Jed Rubenfeld, three key traits drive success. While all Americans might have equal opportunity to become economically successful, the authors point out that the statistics of group success (and failure) provide evidence that opportunity does not necessarily translate into a given outcome.

“Indian-Americans earn almost double the national figure (roughly $90,000 per year in median household income versus $50,000). Iranian-, Lebanese- and Chinese-Americans are also top earners. In the last 30 years, Mormons have become leaders of corporate America, holding top positions in many of America’s most recognizable companies.

These facts don’t make some groups ‘better’ than others, and material success cannot be equated with a well-lived life,” they wrote, “But willful blindness to facts is never a good policy.”

“Jewish success is the most historically fraught and the most broad-based. Although Jews make up only about 2 percent of the United States’ adult population, they account for a third of the current Supreme Court; over two-thirds of Tony Award-winning lyricists and composers; and about a third of American Nobel laureates,” they point out.

“It turns out that for all their diversity, the strikingly successful groups in America today share three traits that, together, propel success. The first is a superiority complex — a deep-seated belief in their exceptionality. The second appears to be the opposite — insecurity, a feeling that you or what you’ve done is not good enough. The third is impulse control,” they conclude.

The superiority complex provides the belief that success is possible, and insecurity is the engine that drives the behavior to work harder than others. The combination of the two is powerful. Impulse control allows for continued focus on the end result (whether completion of a task, a project or achievement of a goal) rather than being distracted into doing something frivolous and unimportant.

The authors point out that these traits not only drive success in individuals and groups, but also in nations. “The United States itself was born a Triple Package nation, with an outsize belief in its own exceptionality, a goading desire to prove itself to aristocratic Europe (Thomas Jefferson sent a giant moose carcass to Paris to prove that America’s animals were bigger than Europe’s) and a Puritan inheritance of impulse control.”

It’s not only our heritage as a nation, but our continued belief in our exceptionalism as a nation, that propels us forward. Every generation has its own form of insecurity based on the external threats from other nations.

The one trait that seems to be the most useful is the ability to control impulses. Impulse control is a self-reinforcing mechanism, if hard work is actually rewarded with a good outcome. It’s harder to acquire this trait if hard work is not rewarded or if a reward is given for no work at all.

If these traits are important to driving success, then how might they be instilled in more people? Is it possible for multiple groups to believe that they each are superior to the other? Instead of instilling a sense of fairness and equality, and ensuring a confident child, should we intentionally instill a little doubt, to make sure that the feeling of insecurity drives them to work a little harder?

Jackie Gingrich Cushman is the co-author, along with her father, former House Speaker Newt Gingrich, of the book “5 Principles for a Successful Life: From Our Family to Yours.” Read more reports from Jackie Gingrich Cushman — Click Here Now.

By Jackie Gingrich Cushman

Viral Photo Causes Kiddush Hashem

It shows an African-American man sleeping on the shoulder of a
Jewish man wearing a yarmulke on the New York subway. Definitely a case
of Kiddush Hashem — the sanctification of God by a Jew who impresses
others with his stellar behavior. The photographer accompanied
the photo with the following caption: “Heading home on the Q train
yesterday when this young African American guy nods off on the shoulder
of a Jewish man. The man doesn’t move a muscle, just lets him stay
there. After a minute, I asked the man if he wanted me to wake the kid
up, but he shook his head & responded, ‘He must have had a long day,
let him sleep. We’ve all been there, right?’ He was still sleeping
soundly when I got off the train 20 minutes later. It was a small
gesture, but a kind one. I love New Yorkers!” Charidy, a Lubavitcher
Facebook group that ran the image, noted: “What a wonderful reminder
that every moment is a chance to do something good for another person.
And not only that, but inspire the others around us with our small but
powerful actions.” The truth is, the guy on the right looks a lot less
comfortable than the guy on the left, but then nobody said that Kiddush
Hashem was comfortable? by: crownheights.info