Why It’s a Good Thing to Be Bold in Business
- by boxwell/March 24, 2022
Being bold in business is not about being tough or mean. The key to boldness is simple: Be real. By leading your business with honesty and transparency (especially in tough times), you are acting boldly. It’s also bold to trust your instincts. Growth comes from being able go with the flow and be open to change. Here we’ll look at ways to be bold in business.
To me, being bold is being able to figure things out. It’s bold when leaders trust their abilities and decide how and when to act. It’s cultivating growth and progress within your team. It’s also bold for a business to stick to their core values, even in tough situations.
Taking risks is also a big part of being bold in business. There are different approaches to risk taking. Here, in Fast Company’s article on “How to be a Success at Everything“, Kaihan Krippendorff discusses the various ways people take risks in business:
“It’s no surprise that entrepreneurs are risk seekers. Just like Elon Musk sold PayPal and invested nearly all of his wealth to launch SpaceX, they’re willing to risk their capital and reputation on the innovations they believe in. But internal innovators think differently—they are actually very deliberate about the risks they take. They excel at analyzing their surroundings and then taking calculated risks.”