Hi!
I'm Jinobi Narayanan
I help entrepreneurs cultivate a risk mindset and become more resilient. WhatsApp me to learn more about developing a risk mindset and growing your business sustainably.
What
What is Risk Mindset and Why it is Essential for Entrepreneurs
The Merriam-Webster dictionary defines the entrepreneur as the "one who organizes, manages, and assumes the risks of a business or enterprise." Risk is inherent in an entrepreneur's decisions and actions, yet most entrepreneurs try to avoid risk and see it as a problem. Little or no attention is paid to understanding this critical aspect of their business.
A Risk Mindset is how you perceive risk and make risk-based decisions to deal with uncertainties proactively.
I can help you cultivate a risk mindset and make better decisions under uncertainty.
What is Risk and Why Entrepreneurs Must Befriend It
For most people, the word risk resonates with a threat or danger, and they aspire to live a risk-free life. This old definition of risk is no more helpful, and organizations such as the ISO defines risk as the "uncertainty in meeting objectives." It is a reality that we live in an uncertain world and has never been different throughout history. As entrepreneurs, the only possibility we have is to accept this reality and see risk differently. For that, you must change your relationship with the phenomenon of risk from being a foe to a friend. Such a shift in mindset is not easy but achievable if you are a committed entrepreneur. I can help you make that mindset transformation a reality through my coaching programs.
Want to Develop a Risk Mindset?
Want to be More Resilient to Lead a Sustainable Enterprise?
Resilience is your ability to bounce back from adversities, and it is a product of your risk management. If you manage your enterprise risks effectively, you are well prepared to respond to unforeseen situations and put your operations back on track.
How Your Business Growth Constrained by Your Decisions?
Your organization's growth is only as good as the decisions you make. Risk and Decisions are the two sides of the same coin. While there are many external factors, such as market conditions influencing your growth, your internal constraints influencing your decisions are more critical. Join my program to overcome your barriers to making profound decisions.
Overcome the Key Barriers Influencing Your Decisions
Cognitive Biases
A cognitive bias is a systematic error in thinking that occurs when you process and interpret information. Many of such biases affect the decisions and judgments that you make, which lead to undesirable outcomes.
Emotional Biases
According to Neuroscience, all our decisions are influenced by one or more emotions. Interestingly, emotions act at a subconscious level that most entrepreneurs are unaware of how they impact their decisions and actions.
Historical Information
When making risk assessments, most entrepreneurs look at historical data to project the future. Think of the outcome of this practice as like driving a car forward by looking at the rear-view mirror.
Top 5 Benefits of My Risk Mindset Development Programs
Cut Short Your Learning Curve
Entrepreneurship is a journey of continuous learning and exploration, and one may develop a risk mindset through experience. However, you can choose to learn using a "trial and error" method or cut short the learning curve through intentional learning.
Overcome Your Challenges and Failures
Failing is a normal outcome in entrepreneurship, and that is not the end of your journey. When you have a risk mindset, you are equipped to see failures as expected as your success and can move forward without getting trapped in your failures.
Maximize Your Opportunities
Contrary to popular belief about risk as a threat, what you have to keep in mind is that taking risks offers opportunities. Just like the old saying goes, "No risk, no gain," it is impossible to pursue opportunities and grow your enterprise without cultivating a risk mindset.
Add Clarity to Your Decisions
The success or failure of your enterprise largely depends on your decisions. Every decision has one or more inherent risks, and the outcome could be positive or negative. Making wise decisions depends on your clarity of vision and your purpose.
Align Your Roles to the Context
Entrepreneurship involves switching between technical, managerial, and leadership roles. Each of these roles is different, which requires agility to deliver the outcome each requires.
Ready to start developing a risk mindset?
Whether you are an entrepreneur or aspiring to be one, I would like to hear from you. WhatsApp me or Send an Email for more information.
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