Risk is typically perceived as a fear that requires a certain courageous personality to overcome. We are often categorized by ourselves or others as being risk-averse or risk-seeking and lead our lives accordingly. The risk-averse person seems destined to lead a stable but perhaps unextraordinary life while those who are risk-seeking will either crash and burn or be wildly successful.

Unfortunately, many people live according to their own risk profile, not realizing that they may be missing out on wonderful opportunities. By not knowing how to take smarter risks, you're likely limiting your potential. But how do you take risks in a way that doesn't make it feel like you're gambling with your life?

First, recognize that everything you do has risk - from crossing the street to texting to putting on pants (one of my toddlers suffered a torque fracture when he fell putting on his pants - *sigh*). We label something as "risky" when it is above our personal risk threshold. If the activity falls below this threshold, we see it as normal. Much of the advice we've heard centers around bypassing your threshold, which is a dangerous thing to do. "Just do it" may sometimes work out but can also be catastrophic especially if the risk is high.

To help bring to life the tips you're about to learn, imagine you are standing at the edge of a steep canyon and leaping across to the other side is the risk you would like to take.

Depending on your fear of heights, your experience with leaping across canyons, and other relevant factors, you have a personal threshold for how risky you think this leap will be. You can increase this personal threshold if you have a compelling reason for why you want to get across to the other side. For example, if it was just part of your vacation hike, your risk threshold might be much lower than if you were being chased by a bear. In many cases, the risk threshold you have is dependent on factors outside of your control such as the specific situation, your personality, other people's actions, etc.

To be a smarter risk taker, consider these 3 practical actions to reduce the risk of the task at hand to below your risk threshold:

De-Risk the Actual Task

Whenever you can, look to remove risks to achieving your outcome. If your goal is to get across to the other side of the canyon, you will want to walk along the edges of the canyon and find the area where the edges are closest together. You may also consider the possibility of building a bridge as opposed to jumping over. The idea is to find different ways to remove the risk you're seeing.

For a work-related example, if you're about to give a presentation at a high-profile conference, can you control where you are on the agenda so you're not following the best speaker or going right after lunch? Can you make sure you get in a day or two before your presentation so you won't be stressed with travel issues? Perhaps you can get an attendee list so you're not surprised by any unexpected senior leaders walking into your presentation and potentially rattling you.

De-risking is usually the most intuitive of the three tips so hopefully, many of you are already doing this.

Build a Safety Net or Buffer

In the canyon leaping example, the leap will seem less risky to you if there is a safety net below you.

To build your buffer, first identify what's at risk. What are you actually going to lose if this doesn't pan out? In many cases, you may realize that there isn't really much at stake.

For example, if you’re looking to join a startup after a 15-year career at a Fortune 50 company, what will you lose if the startup fails? Perhaps you might lose financially and have to worry about paying your bills and supporting your family. Maybe it will hurt your professional trajectory causing you to fall behind your peer group. Maybe your ego will take a beating when everyone judges your decision as stupid and reminding you of their advice not to leave your job.

Once you understand what is at risk the next step is to figure out how to protect against the downside of that risk.

Using the same example, if you’re worried about your ability to pay your bills and take care of your family, create a plan to save more and reduce living expenses so you can go for 2+ years without income. If you don’t want to lower your professional trajectory, assess how this startup experience can boost your trajectory even if the startup fails. Perhaps you can build a wider professional network or gain skills that you could not get at your current job. Another way to build a safety net is to either persuade your current company to buy the startup or start a similar division within your company. Lastly, as for your ego getting hurt, you might want to invest in other areas of your life so it won't be the end of the world if work doesn't go well. Being a part of an accomplished sports team or music group or coming home to a fantastic family can help you be more resilient. If you're afraid of your ego getting bruised, keeping your venture a secret from others can also help.

Increase Your Competence

If leaping is what you need to do to get across the canyon, the more skill and training you have, the less risky the task will seem. When you build up experience and expertise in the exact task needed, it won't seem as risky to you as someone looking at the situation without your expertise. A great visual example is the tight rope photo for this article. For an experienced tight rope walker, the activity depicted may seem less risky than to our untrained eye.

In a professional context, if you're thinking of taking a role in a different country, it's hard to not see it as risky if you haven't done it before. If this is a goal of yours, you may be able to reduce your risk by taking on a three-month international project or to work on a cross-border team. These experiences will help you understand the nuances of working effectively across cultures. You may also want to speak with others who have made this leap to get a road map for making the transition. Sometimes having a guide is enough to reduce the risk to below your threshold (for example - climbing Mount Everest).

Taking smarter risks is not about mustering the courage to "just do it". It’s about actively managing your relationship to risk. You can de-risk the situation, create a buffer to limit your downside, or train to increase your competence.

You can apply these risk mitigation tips to all areas of your life - career, relationships, sports, academic research, etc. It's generally agreed that more risk leads to more reward. By using these tips to take risks comfortably, we hope it will lead to a more rewarding life for you.

What's a risk you want to take but is right now above your threshold? Which one of these tips can you use today to bring you closer to taking a smart risk and live a life without regrets?

Photo by Leio McLaren (@leiomclaren)

The post 3 Ways to be a Smarter Risk Taker appeared first on Embrace Possibility.

But why don't we pursue them?

Why do we go on doing what we don't like to do just because we're supposed to?

Why don't we do what we really want like travel the world, start our own business or write that book we've tried to find time for?

Is it because it's not realistic, practical or feasible?

The short answer is ...

... no.

The long answer is no, but we are frozen by doubt in our abilities and we fear the consequences of failing and being wrong.

If you are not convinced that you can achieve your dream, I recommend that you take 5 minutes to empower yourself forever and then continue reading.

If you are afraid of risk, then you should also read this short article on why it is risky to be stable.

When you are ready to turn your dreams into reality, read on.

Most people fail to achieve their dreams because of four reasons:

1. They don't believe they can (If you took those 5 minutes to empower yourself earlier, you should be ok.)

2. They set poor goals

3. They don't have a plan

4. They don't execute their plan

Reason 2 is the focus of this part. Reason 3 and 4 will be addressed in later parts of this series.

So how do you set proper goals?

Be Specific

Your goal must be clear and more importantly measurable. How will you know when you've reached your goal? Engage all your senses. What are you going to see when you've reached your goal? How will you feel? What will you hear? You should be able to vividly imagine yourself reaching this goal. When setting goals, it is more important to focus on WHAT you want and not HOW you are going to get it.

State in the Positive

If you've ever told yourself not to screw up but you ended up screwing up anyway, then you know why you should state your goals in the positive. Our subconscious has problems recognizing the word "don't" and that's why "Don't Panic!" is the same as "Panic!". Whether you believe in the subconscious or not, it is more beneficial to you to set a goal like "I want to make money in my investments" as opposed to "I don't want to lose money in my investments". For more on this topic, check out Why Telling Yourself to Stop Bad Habits Never Work.

Make It Relevant

Make sure your goal is aligned with your purpose and passion. When your goal is relevant it becomes easier to stick to your goals. An effective method I learned from Tony Robbins is to first understand WHY you want to achieve your goal and then associate reaching your goal with intense pleasure and not reaching your goal with intense pain. This towards and away from motivation really works wonders.

Set a Deadline

When you set a deadline, a dream becomes a goal. To effectively achieve your goal, it is important to break down your goal into smaller chunks where each chunk can be finished within one week. For example, if your dream was to visit Nepal within one year, your chunks would be to research flights and hotel in Nepal, calculate how much you need to save per month, apply for a visa, etc.

"A journey of a thousand miles must begin with one step."

- Lao Tzu

Make Sure Its Attainable

Any goal is achievable if given enough time. With that said, make sure that your goal is attainable within the time restriction that you've set. The goal should be a "reach". It should not be so easy where success is guaranteed without much work but it should also not be too difficult where you are overwhelmed and success is borderline impossible.

There is one more thing you need to do that is vital to achieving your goal ...

... and I am not referring to How to Always Achieve Your Goals (although it is worth reading if you haven't done so already)

The one thing you MUST do that will make all the difference is ...

Writing Your Goal Down

I wish I could show you statistics for goals achieved when comparing those who write their goals down and those that don't because I am sure it would be staggering.

Before you do anything else and if you haven't already, I strongly encourage you to set a proper goal right now. It'll take at 3-5 minutes.

Just follow these simple steps:

1. Think of one thing you really want to achieve within one year.

2. Make sure it is specific, stated in the positive and measurable. How will you know that you've achieved it? How will you measure it?

3. Write down WHY you want to achieve this goal and make sure you understand how it fits in your life's purpose. Clearly list the pleasure you'll receive from attaining your goal and the pain you'll get if you don't achieve it.

4. Set a reasonable deadline for achieving your goal.

5. WRITE DOWN your specific goal, why you're going for this goal in particular and when you expect to achieve it. Keep it where it is visible every day.

6. You now have a properly set goal. All you have to do is create an effective plan (Part 2) then successfully execute (Part 3).

To help you move one step closer to your dream, I will review your goal to make sure it is a proper goal. All you have to do is share your goal in the comments section.

The post Proper Goal Setting – How to Turn Dreams Into Reality – Part 1 appeared first on Embrace Possibility.

Success comes in many ways and forms. What's interesting is that most successful people have very similar qualities.

When I read lists such as this one, I want to see how I stack up against it. It feels good when I recognize the qualities of success in myself. For the qualities that I don't have, lists like these tell me what I need to work on.

I have enjoyed and benefited much from these types of lists and that's why I decided to organize all my research, observations, and experience and compile this comprehensive list.

If you want to achieve your life's dream and be wildly successful, you need to model yourself after people who are living their dream. The more qualities you have in common, the higher your chances for being wildly successful.

"Thoughts lead on to purposes; purposes go forth in action; actions form habits; habits decide character; and character fixes our destiny."

- Tryon Edwards

We all start out in life as being quite ordinary and many remain that way. The few who have become extraordinary have these qualities (no specific order):

1. Definite Aim, Vision and Purpose - Successful people constantly seek clarity in their lives. They know what they want and they follow their own dream. Vague desires and beliefs lead to vague outcomes. It is this sense of direction that gives them the staying power to stick to their goals and achieve their dreams.

2. Expertise and Excellence - No matter what they pursue, they become the best in their field. There is no job too small and successful people strive for excellence. They pursue mastery and understand that money is a by-product of the value they offer.

3. Focused - People who experience success know how to concentrate. They realize that they cannot do everything and they focus on the activities that will give them the highest return on the goals they want to achieve. They don't believe in the hype of multi-tasking and they know that the fastest way to finish your to-do's is doing them one at a time.

4. Positive Attitude and Perseverance - Extraordinary people have realistic optimism. Realistic because they take action and optimistic because no matter what the result may be, they believe their success is inevitable. They believe that like a child learning to walk, they need to take action first and then modify the action according to the feedback that they get. This positive attitude allows them to persevere and be resilient when things don't go their way.

5. Flexible - One misconception that ordinary people have about persevering is staying the course no matter what. This is true only if the reason for pursuing your goal is still valid. Most successful people achieved success doing something different from what they initially intended to do (Example: Steve Jobs started with computers, went into the animation, and really made his comeback with the iPod). This makes sense because the world is always changing and they know a lot more now than when they started. Successful people know that if their reasons for doing what they are doing changes, there is no point to continue.

6. Masters of Time - Successful people are successful because they get a lot done. The only way to do that is by making the most out of the allotted 24 hours we all get. Extraordinary people value their time and see the direct connection between how they spend their time and their energy. They are usually always on time and "train" those that deal with them to respect their schedule by implementing strict start and end times for meetings.

7. Strong Communicators - People who can communicate effectively excel in life. Strong communicators understand that just because people speak English (or the dominant language in your country), it does not mean they understand each other. What makes them effective is that they are clear about and sensitive to the outcome they want to get from their communication and are flexible in their method of communication to achieve their outcome. They are experts at building rapport and separate what is being said from the meaning they put into what is being said.

8. Brave - We've all heard the phrase "No risk. No reward." but how many of us really take the risk necessary to get the reward we want? Not many but for those who do, they are the ones who make it and become successful. Successful people have the courage to begin AND the courage to continue. They are willing to not only bet but go "all in" on themselves. They are not afraid to burn bridges if it means moving forward.

9. Givers - Successful people are generous givers. They know and are convinced of the "secret" that the more you give, the more you receive as long as you are genuine about your gifts. They operate on the principle embodied by Zig Ziglar's quote, "You will get all you want in life if you help enough other people get what they want." If you haven't tapped into this secret, you should get started right away. Money isn't the only thing you can give. You can give time, expertise, space, etc. Look for ways to open doors for people.

10. High Self-Esteem - Extraordinary people believe they deserve their success and know that they can do anything they set their mind to. They understand that a mistake is something that they do and not who they are. They also monitor the warning signs of low self-esteem to ensure they always keep a positive self-image of themselves. They realize that self-esteem is a state of mind and choosing to have high self-esteem is much more useful than choosing to have low self-esteem.

16. Self Acceptance - Polonius had it exactly right when he said: "To thine own self be true". People who are successful don't pretend to be something they are not. This allows them to express their creativity freely and not worry about hiding who they really are. The best way to accept yourself is to genuinely appreciate and accept others. If you tend to judge other people, you're probably not very accepting of yourself either. The worse type of rejection is self-rejection.

17. Big Dreams - I have yet to read a biography of a successful person who didn't have grand dreams for what they would accomplish. Sir Richard Branson, Walt Disney, and Sam Walton all had big dreams and for the most part, achieved more than they originally imagined. This is one of the reasons they became successful. They are not afraid to dream big and then go for it. If you want to know whether someone will be successful, ask them about their dreams. If they sound plausible, then they are not dreaming big enough.

18. Well Rounded and Balanced - Truly successful people strive to be successful in all aspects of their lives. They live healthy lives, become financially independent, nurture meaningful relationships, develop personal mastery, and accomplish their professional goals. They know that sacrificing one key area to achieve another will not help them maximize their true potential. It is hard to be your best and to contribute when you have to worry about how you are going to pay the rent.

19. Excellent Network - Successful people understand the importance of relationships and how it is one of the most important factors in achieving your goals. They also realize that the best way to build a great network is to give help to others first with no expectation of reward. Those who constantly take without giving usually do very poorly on building a solid network.

20. Enthusiastic - A sure sign of someone extraordinary is the enthusiasm they have about their passion and their life. They wake up in the morning excited about their day because they know it is going to bring them one step closer to achieving their dream. Successful people tend to be leaders because others are attracted to their enthusiasm and become followers hoping to experience the same excitement and energy.

21. Admits Mistakes - There are two things you can do to guarantee that you will NOT be successful in the future: Blaming Others and Making Excuses. When you do these two things, you give up both your responsibility and power. When something goes wrong and you blame other people or make excuses, you are clearly stating that you have no power in this situation and things are happening to you and not because of you. Great people admit when they are wrong so they can focus on the solution and not waste energy finding a scapegoat. Check out what Albert Einstein can teach us about setbacks.

22. Mindset of Abundance - Successful people don't view happiness or success as a finite resource where achieving happiness and success for yourself means denying someone else happiness and success. They believe that there is enough to go around and it is more about creating value and not competition. This is the quality that allows them to be happy for other people's successes. This mindset also encourages the empowerment of others. If you think $10,000 is a lot to spend on a hotel room, check out this article by Steve Pavlina.

23. Good Character - Heroes are people who triumph. Think of all the heroes you know (in movies, books, and real-life). Don't they all act with honesty and integrity? Aren't they usually generous with others and frugal with themselves? Doesn't everyone look up to them? Being a hero that triumphs in life is no different.

24. Great Company - As I get older, I've come to recognize that you can learn a lot about someone by the company that they keep. Test this idea by watching people you know and noting who they spend the most time with. Some say a person's salary is usually the average of the five people they hang out with the most.

This happens because people with similar beliefs tend to get along and stick together. If a group averages $65,000/year and someone in the group believes that they can make $65,000/hour, the other people in the group will think that is ridiculous. Yet in the group where everyone makes $65,000/hour, the person making $65,000/year will probably second guess his or her own beliefs concerning earning ability.

What does that mean for you?

Surround yourself with people living the life you want to live and adopt their beliefs and habits. This might mean spending less time with the people you've outgrown.

25. Listener - Everyone wants to be a great speaker but how many people strive to be excellent listeners. People who listen succeed in life because they are able to hear and understand the needs of other people and to focus their energy on meeting those needs. The fastest way to be a good conversationalist is to listen well and ask questions.

26. Self Control - Successful people rarely lose control. They don't go into panics or blind rages. They have learned to control their emotions and consciously (or subconsciously) put themselves in a resourceful state. They understand that they can't change other people or what's happening to them but they can change how they react to it and how they feel about it. Another sign of self-control is doing what you're supposed to do despite how you feel about it.

27. Prepared - Extraordinary people are always prepared. They not only have a plan B but also a Plan C, D, E, and F. They mentally rehearse and visualize the possibilities vividly so that when the actual situation occurs, their brains will "remember" what to do.

28. Choice - People who are successful are in control. They know they ALWAYS have a choice. They don't feel victimized by their genetics, history and/or circumstances and they truly believe that the past does not determine the future. They write the script to their lives.

29. Self Reliant - Successful people rely on themselves. They don't need permission to do what they want and they don't give other people permission to slow them down by relying on them. They believe in themselves and their ability to achieve their dreams whether anyone helps them or not. What's interesting is that it is exactly this type of attitude that attracts others to want to help you. Samuel Smiles writes about this exact topic in his book, Self-Help (pdf).

30. Energy Conscious - Those who become great understand that successfully managing their energy is just as important if not more so than managing their time (Quality #6). One of the most important principles in energy management is knowing that rest is as important as action. Successful people are aware that low energy produces poor results and this violates their need for excellence (Quality #2). One of the best ways to manage your energy is to sleep your way to success.

So where do you stand?

I hope you have either reconfirmed many of your own qualities or have created action plans to develop the qualities you are lacking. Focus on cultivating one or two qualities at a time. Once your beliefs and actions are aligned with those of a successful person, you'll be amazed by how successful you become.

Bookmark and review this list often to measure yourself against it. Use it as a checklist knowing that the more qualities that you have, the higher your likelihood of being wildly successful in whatever you pursue. If you found this list helpful, share it with others who can benefit from it.

Which one of these building blocks of success do you want to develop? Are there any qualities of success that I left off that should be included in this list?

Also, if you've read this far, you obviously care about your development. To support your efforts, you can access the paid-version of my Know What You Want Workshop free. Just register using this code: robertsentme

The post 30 Qualities that Make Ordinary People Extraordinary appeared first on Embrace Possibility.