Do You Know the Secrets of Career Success?
Rule 6: Take Calculated Risks
We are often raised with rules, admonitions, and the consequences of disobedience. Look both ways before you cross the street. (You could get hit by a car.) Don’t talk to strangers. (You might get kidnapped or worse.) Don’t eat unwrapped candy at Halloween. (You might get poi-soned.) Wear your hat and boots and gloves in the cold. (So you won’t catch pneumonia.) Don’t run too fast. (You might fall.)
Good, sound advice from concerned and responsible parents who want their kids to be protected from danger. Good rules to remember and pass along to your own kids. But when those rules and regs trans-late into a more global message that it’s dangerous to take any risks at all, you also end up limiting your rewards.
No Risk, No Reward
When it comes to building a career in the competitive work world, you have to be willing to take risks in order to reap the rewards you seek. You also have to know how to differentiate real danger from fantasy. Not every stranger is dangerous. Nor is every job change or career change a high-wire act. Information is key. You can arm your-self with knowledge.
John was a senior VP with a prestigious accounting firm. After nearly two decades in the business, he was passed over for partnership and told that he didn’t have the “personality” or “presence” to be a part-ner. What they meant was that John was a highly competent profes-sional who could be trusted to do the work he was given. But he was also a very anxious and insecure man who was afraid to assert himself. The partners in his firm were all “rainmakers.” They thrived on the challenge of bringing in new business. John was a people
pleaser. He tried to make people happy, to adapt to their needs, and to avoid confrontation. Everybody liked him and even respected him.
The senior partners in his firm just didn’t think he had the “chutzpah”
(guts) to succeed at the top. John perceived this as a shortcoming and agreed with them. He wasn’t aggressive enough for the role.
What John really wanted to do was get out of corporate America alto-gether and start a small retail business. He had the skill set to do that.
Because he was amiable and friendly, he also had some of the person-ality traits. What he didn’t have was the confidence or the courage to take the financial risk. Despite his ambition, he was never able to achieve any real career satisfaction because he was too afraid to take any real emotional or financial risks. If not for this fatal flaw, he would have been content to buy a retail franchise operation and live out his dream of owning his own business. Ironically, he had the busi-ness acumen and skills to know how to evaluate different franchise opportunities and make sound investment decisions. But his enormous fear and self-doubt held him back.
Know Your Risk Tolerance
One key to successful risk-taking is to know your risk tolerance. To do that you must be able to evaluate the potential consequences of your decisions and be able to live with the worst-case scenario. What many otherwise ambitious careerists fail to realize is that not taking a risk is also a risk. There is a risk involved in not trying. There is risk involved in not changing. Along with the risk of failing, there is also the risk of regret.
Archimedes believed that you need only two things to move the world:
a lever and a place to stand. Your lever is yourself: the sum total of your personality, talents, interests, and values. Vocationally speaking, your place to stand is wherever you decide to plant your feet in the world of work—whether it be in the courtroom, in the laboratory, in a classroom, on stage, or in front of the computer. It is the place where you feel comfortable enough to practice your craft, exercise your skill, or demonstrate your leadership.
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Do You Know the Secrets of Career Success?
Thought-Starter Worksheet 1. How do you define success?
2. Do you think success (as you define it) will make you happy?
3. How important is money to your career success?
4. How much money do you need to be happy?
5. How long will it take you to make that much money?
6. Does your definition of success include promotions and upward mobility? If so, how hard will you have to work to make that kind of progress?
7. Do you enjoy the work you do? Why or why not?
8. Would it be easier to put in the kind of hours success required if you liked your work more?
9. Do you consider your work meaningful? Why or why not?
10. Is doing meaningful work important to you?
11. If you considered your work more meaningful, do you think you might be more successful?
12. Would you like to make a career change in order to pursue more interesting or meaningful work?
13. If so, do you know what area you’d switch to?
14. What are your obstacles to making a career transition?
15. Is there any way to transfer some of your current skills and experiences to a new field so that you won’t have to take a huge pay cut?
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(continues) 16. Do you consider more schooling an investment in your future?
Or a waste of good money?
17. Is there any degree or training you’d find enjoyable that would also enhance your employability? What is it?
18. Do you participate in any community or volunteer activities that are particularly fulfilling? What are they?
19. Do you have any hobbies you feel passionate about? What are they?
20. Do your extracurricular activities provide any clues as to possi-ble vocational choices?
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21. Do you believe that career satisfaction and success are polar opposites—that more satisfying work comes with a vow of poverty? If so, where did you get that idea?
22. Do you know any people who make a lot of money and love their jobs, too?
23. What do they have that you don’t?
24. Do you know what kind of work would make you happy? If so, is there a good reason why you aren’t pursuing it?
25. If you don’t know what kind of work would make you happy, do you know how to figure that out?
26. Have you ever worked with a career counselor to assist you with this decision?
27. How committed are you to your own career happiness?
28. Do you believe that success and satisfaction can go together?
29. If you answered “no” to the preceding question, have you ever tried to integrate the two?