5 Steps to Make Risky Decisions Less Risky

How to overcome fear when faced with a tough decision

I was about to jump… but the 50-foot drop to the rocks below caused me to pause. “Just step out to the edge and jump away from the edge.” My zip-line guide made it sound so simple. I’d just seen 6 others do it and walk away without a scratch, but now it was my turn. I was with my family on our summer vacation taking a zip line tour at Zip Adventures in Colorado.

Cliff Jump

This stop was called “The Canyon Plunge” and although our zip line tour guides said it was optional, everyone was lining up to do it. This was not a zip line, but a free fall jump off of a cliff. I tried to calm my nerves by talking with Chris, the guide who had just harnessed me into both auto-belays. I asked him, “Do you use two belays for redundancy?” He smiled at me and said, “Exactly… and each one alone can belay 280 pounds. That’s 560 all together…” He gave me a quick once over with his eyes and with a smile he finished his sentence, “I think we’re good.”

Whether you’ve ever jumped off a cliff before or not, I think we’ve all been in a position where we’ve had something at risk and we had to pause before we took our next step. Whether you’re a salesperson, an executive, a volunteer coordinator, a teacher, a parent, a project manager, or an engineer… we will all play the role of the leader when we’re required to choose a next step for our own story.

 

 

Here’s what I’ve discovered about making those tough decisions. I’ve learned these steps by reflecting on the actions of leaders I’ve had the honor to work with in my own career. Their tough decisions were tough because there was something at risk. They had something at stake… something to gain but potentially something to lose. We can all learn from these steps. I hope you find the words of encouragement you need to take your next step… because it’s time to jump.

5 Steps for Making Risky Decisions

1. Recognize the Fear

Fear is not a weakness. Please hear me… FEAR IS NOT A WEAKNESS! Fear is one of your senses. Losing one of your senses would be a disadvantage to overcome or a weakness. When you have all your senses you are stronger. Fear is one of your senses. So when you have fear in a situation, just recognize it. Thank your mind for doing what it’s supposed to do… alert you when you should take notice of the situation.

2. Know the Real Risk and Payoff

The only reason we have fear in a situation is because something is at risk and we don’t want to lose what is at risk. In my example of stepping off the cliff, I was thinking about losing my health (e.g. broken bones, etc.) or my life! In your tough situations, slow down and reflect on what is actually at risk here. Know what you stand to lose but also know what you stand to gain! Think about the reason why you’re willing to risk. What do you have to gain? Then, move quickly to the next step!

3. Devise a Plan to Mitigate

Now, answer this question… How can you reduce that risk? Can you make one more phone call before you submit your pricing proposal? Can you talk to a mentor before you present your quarterly business review to the executives? Can you put a contingency plan in place in case the vendor can’t deliver on your tight timeframe? Can you put some pillows on the floor before you jump off the top bunk bed? Can you connect a second belay to the jumpers before they jump off the cliff?

4. Believe in your Plan

This step can be a tough one because it’s a mental game you’ll play with yourself. This ugly question will rise up in your brain, “But… can I trust my plan?” Here’s how I’ve learned to deal with this question. Your brain will try to take you back to the original risk.

For me on the cliff it was… “You’re risking your life!” But I had to counter that thought with the new risk… the mitigated risk. “No, that’s not true!” With the 4 carabiners attached to me, the two support lines, the two auto belays each able to handle 280 pounds, and the benefit of seeing 6 others go in front of me successfully… my risk is not my life. My new risk was much smaller… and just think of what I had to gain! The thrill, the excitement, the fun, the story to tell!

 

Russ Cliff Jump

5. JUMP!

Now comes the fun part. You’ve addressed the biggest risk.

You’ve got a plan to reduce your risk exposure.

You know the payoff.

Now enjoy the ride.

JUMP!

 

So What Do We Do Now?

We can all implement these steps when we arrive at the forks in the road of our own career… or when we arrive at the 50-foot cliffs. Just like many things in life, it may be simple but that doesn’t mean it’s easy! Just knowing the process for addressing the tough decisions isn’t enough. We need to be willing to implement the plan.

It’s been said that people are either in a tough situation right now, they’re coming out of tough situation, or they’re about to go into one. Regardless of your current status, use this process to address the forks in your road. Remember, your story would have no movement if you weren’t making decisions that included some risk. It’s time to move your story along… It’s time to make the decision… It’s time to choose!  Let’s go!

It’s time to jump…
Russ

Russ Peterson Jr. Headshot



iSpeak teaches workshops on Professional Selling to help sales leaders gather the most important data and then use that information to create the right message. Are your sales presentations closing eyelids or deals?


Russ Peterson Jr. is the co-founder and Managing Director of iSpeak, Inc. – An award-winning professional development training company. Russ is a speaker, international trainer, and published author on Professional Sales Communication and Business Communication. He delivers workshopskeynotes, and personal communication coaching services to business professionals in the US and around the world. His leadership blog assists leaders in giving voice to their vision. You can connect with Russ directly through TwitterFacebook and LinkedIn.

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