Ex-‘Shark Tank’ guest star: Highly successful people don’t make backup plans (via CNBCMakeIt)
Matt Higgins believes in taking big swings.
Say you've always wanted to quit your corporate job to start your own business. In the short term, that means giving up more than just a paycheck. You'd also lose your job title, and the identity and self-worth it might provide you. Once you identify your best and worst potential outcomes, and determine their respective likelihoods, your task becomes simple: Weigh whether the possibility of the best outcome is worth the probability of the worst outcome.Analyze your risk aversion
That might sound impossible for naturally cautious people, but Higgins says the philosophy is actually well-tailored to that demographic. When you, your brain prepares for worst-case scenarios — making your pros and cons list more realistic.
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