Sterling Terrell

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Doing Something Original Requires Less Risk Than You Think

Doing Something Original Requires Less Risk Than You Think

Most are confused that in order to create something big or do something original, you have to take some huge risk.

You can do it that way, but your chance of success will increase by taking that risk from a position of strength – which is to say, lowering the risk.

An example might be waiting to quit your job until your side-hustle is producing more income than your full-time job.

Or, only making a risky equity investment when 80% of your net-worth is invested in bonds.

And don’t be afraid to start small.

For small things can become big things.

Understand: Lindy proofing your decisions is not a bad place to begin .

This is to say that, we all grapple with “fear, ambivalence, and self-doubt.”

I want to debunk the myth that originality requires extreme risk taking and persuade you that originals are actually far more ordinary than we realize. In every domain, from business and politics to science and art, the people who move the world forward with original ideas are rarely paragons of conviction and commitment. As they question traditions and challenge the status quo, they may appear bold and self-assured on the surface. But when you peel back the layers, the truth is that they, too, grapple with fear, ambivalence, and self-doubt. We view them as self-starters, but their efforts are often fueled and sometimes forced by others. And as much as they seem to crave risk, they really prefer to avoid it.

-Adam Grant, Originals

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Filed Under: PotpourriTagged With: #Creativity, #Risk

Maybe Start With Small Risks?

Maybe Start With Small Risks?

Small risks are better than big ones.

There, I said it.

Sure, everyone wants a big bet with a big payoff than wins the day.

But his is thinking about the wrong thing in the correct way.

Generally, people want to go all in on one thing.

They quit their job to do X full-time, they invest 100 percent of their money in Y.

This is misguided.

While looking for a big payoff – which is what we all want – we should want to create as many possibilities as we can to bring this to fruition.

Don’t start one business and force it. Start 20 businesses to see which one sticks.

Don’t pray for a viral post to come along. Build and test on 5,000 decent posts.

Does that make sense?

In this way, investing and art are the same.

Sometimes, it’s not the big bets that pay off but the small ones that get you the big win. If you don’t have to go all in, don’t. Why not start with a smaller risk? Most significant change begins with a simple step, not a giant leap. You don’t need to see the whole path to know what your next move is; you just need to take the next, right risk. Small changes over time can lead to massive transformation.

-Jeff Goins, Real Artists Don’t Starve

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Filed Under: PotpourriTagged With: #Investing, #Risk

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