With great opportunities come great risks. Don’t become paralyzed by uncertainty. Take necessary, considered risks and you will advance further in your career and outperform your more cautious peers, according to a 2015 survey by auditing firm Grant Thornton.
When we think about taking a risky call at work- the first thought that goes through our head is- how will it impact my career if the decision were to go south? This ‘what if’ scenario is all too familiar.
Mayke Nagtegaal, a former speed skater with the Royal Dutch Skaters Association, current COO of MessageBird and an eternal risk-taker says that not taking risks is the riskiest career move of all. Her Amsterdam-based cloud communications platform in 2017, raised the largest-ever investment—$60 million—by a European software company.
Here is some great advice from her on taking risks….
To me, speed skating is a balance of both force and precision, power and finesse. Winning and losing isn’t defined in seconds—it’s defined in hundredths of seconds. You could be in the middle of the fastest lap of your life when the tiniest misstep sends you crashing. Yet, you learn to make moves anyway, swerving with the curves of the track to bypass your opponents, no matter the risk. You don’t play it safe, worry about being disqualified, or fear the fall. Instead, you anticipate it. You get good at falling. Or, more to the point, you get good at picking yourself up again after you take a tumble.
It’s the same mindset I’ve applied as I’ve skated along the twists and turns in my career—the idea that risk and reward are two sides of the same blade. When I hung up my skates to practice tax law, there was a sense of stability and groundedness in my work. And I loved what I did. But, when I had the opportunity to join a high-growth startup with a team I liked and trusted, I leapt at it.
To me, it was a no-brainer. The breakneck speed of innovation and high-stakes, high-pressure environment of the tech world mirrored what I was already used to out on the ice. I understood how to hustle and didn’t fear shaking myself, and our team, out of the familiar—whether we were scaling from a handful of employees to hundreds, or actively deciding whether to take on our first round of funding after six years of steady, profitable bootstrapping.
Factors to consider while taking a risky decision
1. Risk-Taking Doesn’t Mean Recklessness
Cultivating an athletic mindset starts by recognizing risk-taking isn’t synonymous with recklessness. On the ice and in business, complacency is comfortable, but it also comes with a cost. If you don’t find new muscles to flex, you’ll never break out from the pack.
Risk-taking is necessary for creation and innovation. It is what makes you pivot when a solution doesn’t address a need the way you want it to. Without pushing our comfort zone, we can’t arrive at that next groundbreaking idea. Risk is what enables you to innovate yourself—to get better and grow. The payoff of risk is twofold: you get to find real solutions to real problems—and, you get to explore parts of yourself you didn’t know existed.
2. Go For Growth
Whenever I’ve been presented with a new career opportunity, the first question I ask is not, “Which job is more secure?” No job is secure. Instead, ask yourself, “What will I learn? How much will I grow?” When in doubt, always choose the growth opportunity, because that experience is one you’ll carry with you throughout the course of your career; it will outlast whether a startup fizzles or takes off
3. Due Diligence vs. Self-Doubt
There are times in life when playing it safe is good advice—like wearing a seatbelt, for example, or looking both ways before crossing the street. And yes, it’s good to look before you leap, especially when you’re making a career move or deciding whether to join a startup. But, whether you decide to take that leap or not, make sure you’re making that decision for the right reasons. There’s a difference between due diligence and self-doubt.
4. Avoid the Algorithm Approach
Right now, especially in tech, the world runs on data. We rely on inputs and run the numbers in most business decisions we make. But, when it comes to taking risks, especially in your career, there is no algorithm. Apply logic, but also understand the make-or-break moments in life, and your career, usually fall outside a standard pro-and-con list. Usually, the ultimate decision comes down to your “spidey senses”—your brain, your heart and your gut. Trust them. No matter which decision you make, every opportunity—even one that doesn’t necessarily turn out as planned—is an opportunity to learn and grow, if you choose to make it one.
5. Always Be Ready to Go!
In skating, as in business, the line-up at the starting line isn’t a prediction of what will happen at the finish. When you’re teetering on the edge of an important decision, there’s always an “on your mark, get set” moment. The trick is to trust your decision-making abilities to determine which risks are worth taking, so that you’re ready to “Go!” when opportunity strikes.
Mayke Nagtegaal is the COO of MessageBird, an Amsterdam-based cloud communications platform which, in 2017, raised the largest-ever investment—$60 million—by a European software company. A former professional athlete, Nagtegaal speed-skated with the North Holland Region/Utrecht KNSB from 2005 to 2008.