How much risk do you take? Does it differ in your work to your personal life? Do you use the same basis for making “risky” decisions depending on the context?
These are the questions that have been buzzing through my head all night when I should have been getting much-needed beauty sleep. I have a lot of things on at the moment, both at home and at work. A lot of things that have required me to take a risk, both with my future and the future of others.
Most of the time I tend to work on quite a rational basis. You work out the likely scenarios, you work out what is tolerable and then you make a decision based on what you believe is most likely to bring the best outcome for you or your family or your organisation. There is no such thing as a calculated risk, only a thought through decision.
But sometimes there aren’t enough facts or data to allow you to make a logical decision. And that is where it comes down to gut instinct, or the tummy test. I’m not one to shy away from instinct at work, I’m no scientist, but I believe our subconscious can tell us things through our body that our conscious mind cannot or will not.
I wonder though, whether in this data centric world, whether we are happy to go with our gut instinct when it is a personal choice that impacts only us, or whether we would be brave enough to make important business decisions, wholly or partly on gut feeling? And does this differ depending on the size of the business?
Personally, I think if we want to work in truly entrepreneurial, innovative businesses, we need to throw the data out of the window sometimes and go with a hunch. There may be as many failures and successes, but truly great creations come from feeling not just from thought.