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The Champion Forum Podcast

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TCFP213: What I Learned From A $700 Gumball Machine

Thank you for listening to The Champion Forum Podcast with Jeff Hancher! What would you do with your life if there was no uncertainty in your decisions? You would go for it, right? Unfortunately, most people allow uncertainty to cripple them from embracing a new reality. In today’s podcast, we’ll talk about how to move forward when you’re faced with uncertainty, the mindsets that will hold you back, and how to bounce back after a mistake.

“We crave explanations for most everything, but innovation and progress happen when we allow ourselves to embrace uncertainty.” - Simon Sinek

What do you do when you’re not sure what to do?

1. Embrace Uncertainty

Everyone’s first instinct is to minimize the risk of the decision. However, uncertainty is exactly what helps you foster discovery and growth. Instead of managing the uncertainty, focus on managing yourself. Eliminate your self-defeating beliefs. Remember, uncertainty is not a problem. It is a door that can be opened into our future.

2. Focus on the Long-Term

Research shows that human beings have a far greater sensitivity to losses than gains. Losses can carry twice the psychological impact of gains. Many people will then act to avoid loss rather than to achieve a possible gain. This perspective keeps us stuck in trying to avoid loss in the present instead of focusing on the gains in the long term. Focus on a strategy where your day-to-day actions push you toward your future vision.

Stop asking yourself what will happen if you take the risk and start asking yourself what will happen if you don’t!

What to do if you’re thinking of making a significant change:

  • Look at your body of work. Do you have a track record of success?

  • Seek wise council. Do other people see the situation the same way?

  • Create a plan and a strategy. But don’t allow perfection to cripple your readiness.

Application Activities:

  1. Evaluate your current mindsets toward risk and uncertainty. In your current role, how open are you to taking risks? Spend some time talking with your team about it. Explain to them your attitude (right or wrong) to risks, and be vulnerable. Then, invite discussion about risk-taking on your team. Brainstorm one area where embracing uncertainty and taking a risk would be worthwhile. You may find that this perspective is one your team has been waiting for! Remember, taking a risk is not the same as making a mistake.

  2. If you are ready to step out and take a risk in your career, think about ways to manage your expectations and keep yourself focused on the end goal. Set up milestones to celebrate, starting with something simple, like getting your business license, and work up to bigger goals, like hiring your first employee or contractor. These small victories will help you focus on how far you have come rather than how far you have to go.

Resources Referenced:

Hacking Uncertainty by Price Pritchett


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