How to Build a Risk Culture in the Workplace

by / ⠀Entrepreneurship Startup Advice / May 24, 2022
Creating a risk culture at work can be difficult. And yet you must be working toward a culture of taking risks to stand out in your niche.

If you are successful in business, chances are you’ve been taking risks every so often. It’s almost never a fun task, especially for those who get anxious easily.

Company culture is good for a lot of reasons, but you should make it a risk-taking one to grow and stand out in your niche.

But, if you are the boss of your company, you may want to get your workforce more accepting of risks. That’s where your company culture comes into play.

For those of you who aren’t sure what company culture is, it is the atmosphere of the workspace. If you are part of Gen Z, then the company culture is like the vibe of the place.

Growing that culture is like baking a cake. You have a lot of ingredients to pick through. Many are the right ingredients that can make a company flourish, while other styles of management can lead to unproductive and unhappy workplaces.

So…how does one build a culture of taking risks?

Luckily, there are many ways of going about it. There is no secret recipe on what makes it work. Everyone is different so it may take additional time to work out the loose ends, but you can have thriving company culture in no time.

If you want to build that company culture, then hire risk-takers. Look for those employees that are always on the front lines of the job, making sure everything is complete. During the hiring process, look for those who like to take risks.

Taking risks can be scary for some people. That means you need to get people on board with the idea.

Invest in your risk-takers.

Spending time with your employees is a great way to build up loyalty, trust, and other values. This makes employees feel more comfortable at the job and place their trust in you. Use team-building exercises to help your employees trust one another. Lead them gently into this endeavor and you will have a willing workforce ready to take on the world for you.

Having your business embrace risk can give you all the highs and lows of a company that you could ever wish for. Finding an obscure, niche, or novelty business idea can often yield high-risk, high-reward situations.

Do your research…and make sure you’re thorough.

Of course, be cautious in certain industries. Research several kinds of risky ideas before you settle on anything. Otherwise, you may be stuck in a high-risk, low-reward situation…and no one wants to be there.

Seek out opportunities such as workshops to hone your skills. These types of exercises and events can often change your perspective on your career.

Plus, some of these skills that you acquire from these workshops can help you get promoted into higher positions because you have extra credentials now. Those extra credentials can take you a long way and even change your career path.

Whether you are an employee or a boss, research to see if there are any sort of workshops that your company might exploit to good purpose.

Risk, yes, but not at employee expense.

It sounds crazy, but make your place of work a more enjoyable location. Decorate it with motivational posters or artwork and put in some plants to brighten up the place. Making the job location livelier can motivate workers and if you have motivated workers, they may be interested in…well, taking a risk.

If you want risk-takers you have to ask yourself one question.

Are you a risk-taker? If not, then you might want to learn how to be one.

Not so that you can gamble on every opportunity presented to you, but so that you can recognize what risks would be beneficial to your company whether short-term or long-term. However, if you are a risk-taker, then follow the sage old advice.

Lead by example.

Be the risk-taker! Motivate your employees by what they could accomplish. Motivate them through one-on-one conversations or performance reviews.

Telling colleagues what a good job they are doing could motivate them to go further. Likewise, if you have employees that are on the lower end of the work tier, then it could help light a fire under them to work harder and take risks.

Value what your employees have to say…and what they do.

Some may approach you themselves to perform a risk for the company. Having those who seek to take action is valuable as they do not tend to cower in the face of obstacles.

Again, there is no right or wrong way of growing up your company culture. Wait, let’s rephrase that. There are many ways for a company culture to sour and not work out well. That may be due to who is hired, different opinions, and even management styles. All have a say in how the culture will go.

As long as you can push forward and make the workplace reasonable, responsible, and productive, then you can grow your company’s risk culture into something truly beautiful.

Related Post: Why Your Company Should Never Stop Risk Taking

About The Author

Tristan Anderson

Hello! My name is Tristan Anderson and I live in Manhattan, Kansas. I enjoy being in nature and animals. I am also a huge geek who loves Star Wars and has a growing collection.