17 Challenges require risk taking

scrabble letters reading "learn from failure"
Wooden Letters, by Brett Jordan, Unsplash, is licensed under Unsplash License.
Life is short, break the rules, forgive quickly, kiss slowly, love truly, laugh uncontrollably, and never regret anything that made you smile. Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover. — Mark Twain

One of the major reasons that people shy away from challenges is because they fear failing. Risking failure is required if you want to overcome any challenge and turn it into a valuable improvement in your workplace. Failing is part of the landscape because not all of your initiatives will work and you can’t stop there or you won’t get to the ones that will work.

Watch this clip from Sir Ken Robinson.

Sir Ken Robinson on Creativity https://youtu.be/kSIkQwS-kcs

This is similar to the financial principle of leverage, which basically explains that your potential to generate revenues equals your potential to lose money. This is normally applied in business or personal finance to increase the potential of making gains by increasing debts, which increases risks. Smart business managers will manage risk at levels that they can both tolerate, (meaning they can sleep at night) while at the same time, maximize (or leverage) the money making potential of their initiatives.

Failing is a normal part of life and you need to learn how to manage it. Failing at anything can actually teach you valuable lessons that will help you reduce the potential of failing on the next attempt. (See Learn from failures) Successful people are typically successful because they didn’t give up and stop trying to be creative when they failed. I have heard from many successful entrepreneurs, and they are not ashamed to admit that they have had several failures in their businesses before the successful one took off.

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Watch this video presentation created by Travis Horvath, Matthew Morrison and Elizabeth Tesfaye about the challenges and benefits of taking risks.

Why Take Risk? https://youtu.be/tF3wP8Hf18Y

I have been quite comfortable with taking risks. I have had to be otherwise I would not be very creative or successful, and I have had my share of failures. When I teach my classes at the university, I find that I need to be very creative and have tried out many interesting approaches to teaching my classes. Some of these work and some don’t work. But as I keep striving to make improvements in my courses, I am finding that I am failing less with my innovations. I think this comes from what I am learning from the failures and getting better at innovating. But, I am still nervous when trying out something new for the first or even second time.

An example of the latest innovation in my Creativity in the Workplace course is this book that serves as an online textbook. This is the book that I have written as a textbook, and after many revisions, it is shaping up pretty well. Mind you, I have learned that if the book is free, then my students will appreciate my effort even if the quality is not up to what a traditional textbook publisher would be satisfied with. The risks that I am taking with this textbook include the time I am investing in writing it and the feedback I receive from my students.

On the flip side of this risk, this book can be a very valuable innovation, which is why I am willing to take the risk. This book will be available to the students at no cost to them, other than their time to read it. It will also be available to anyone else in the world that would find it useful. From the feedback, I will continue to refine this book so that it will genuinely help the student/reader to make significant changes in their lives as they strive to become more creative in their workplaces and help solve the challenges of our day and the future. This is something I am very passionate about, which drives me to take this risk and hope for a success.

What do you think of my book as an innovation? Is it a success?

Fear is a natural emotion that we all deal with. Watch this video about what we can learn from Fear.

Karen Thompson Walker: What fear can teach us https://youtu.be/OwgWkUIm9Gc
How about you? What risks are you comfortable taking and at the same time accepting the costs of failing?
How do you manage your fears?
Watch this video about how this artist has overcome her fears to take many risks to promote her work.
Amanda Palmer: The art of asking https://youtu.be/xMj_P_6H69g

 

How can you be more comfortable taking risks in your work?

Are you like Wally in this clip?

fear to fail? then do nothing! https://youtu.be/9Ffxi0S7ggM

 

 

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Principles of Creativity in the Workplace Copyright © 2023 by Rod Corbett & Kris Hans is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.

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