Friday, December 18, 2009

Smart Risks vs. Foolish Risks


Playing it safe with your career may seem smart. But to really get ahead, you may need to take some risks.

"Nothing gives your career a boost like succeeding at a risk," says Sheila Wellington, author of "Be Your Own Mentor" and a professor at New York University's Stern School of Business. "It helps you break out of the pack."

Still, before you take a risk -- whether it's quitting your job or confronting your boss -- consider whether it's smart or foolish.

Make sure you know yourself and your organization well enough to understand what happens if you take a risk and it doesn't work out. Will failure damage your career, or will coworkers admire your initiative? Will you be devastated, emotionally or financially, if you don't succeed? Or do you have a high tolerance for failure?

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