Growth Mindset Show Ep. 12 - 2022

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information, visit us at csharpcorner.com. Good morning and welcome to this another episode of growth mindset show my name is Mahesh Chan

and we are back again I know last week if you join me if you were here on the show last week

two weeks ago actually we thought we are going to you know change the show name to build better

software but we are back again with growth mindset and one of the reason is i got several

messages i think literally i got four or five messages that they want to they like the show

they continue to be on the show uh just you know so that's why we are continuing to do this growth

mindset so hey jeetan welcome to the show you're back i see it um everybody welcome to the show as

we know you can post start posting your comments if you have any questions how you like dislike

anything you want to chime in have some feedback feel free to just post your comments md welcome

back and thank you again for welcoming me back yeah we are back to this and it's actually

friday is good for growth mindset for me because it's very casual topic we talk about certain

things and today's topic let's talk about today's topic so today's topic is taking risks and how

risk taking can be a big factor in in your success and i'm going to talk about some of the some of

the successful people how they became successful and took risk and all that so that's the topic

today. Deepak, welcome to the show. Deepak joined, it looks like. So before I talk about today's

topic about risk taking and success, how they're related, let's, I want a couple of things. I think

on C Sharp Corner, if I don't know if you guys noticed, but I tweeted out that we have a

we have launched a company profile page. This is good for people, for our members

authors who have their own companies or they're planning to have their own companies

and they want to promote themselves. So now what you can do is in your profile, you can add your company

When you add in company on your articles, blogs, or anything you do on the website

you can see that your company is there. It's about the company and then you can go to your company page

You can put more things here. So this we are going to expand this page more

So think of like, you know, if you are working for Mindcracker and in your profile, you say Mindcracker, you're also going to start seeing everybody working for that company on the platform

We are all going also going to show, let's say if you are a company in the future, you want to post a job

You can see all the jobs posted by this company. You can also see activities by this company

So imagine and you can follow this, right? so in future you can follow this company so anytime anything is posted by this company you

will see as a notification on your account so that's cool cool in the sense let's say you are

interested in you know news or joining or whatever some big company you can then go ahead and follow

here so that's one of the feature we just launched we are also working on a improvements on the

forums and there's also going to be you know a few other important things announced in coming time

so that's something to just keep you posted on things we are building on c-sharp corner

um we are also planning um an event i think simon already has a basker welcome to the show simon

already has a local event happening in in new dally area for mvps we're also trying to open

up and start these as chapters back you know chapters and events we're trying to start those

back so saman said on may 7th in noida so he's posting from nepal class saman

so if you are a local mvp in your city and you want to get involved in these chapter events

reach out to simon we are going to actually start the chapter events local chapter events

all right with that said uh let's start with the with the today's show today's topic is risk taking

and how risk-taking is one of the biggest factor when you in a success of a company or a person so

and if you want to share your any stories that how you took a risk it kind of get you to the next level or you did not take a risk or you plan to take a risk When you have any questions about that just ask your questions

We'll get those involved. So, you know, first thing is, let's, you know, I want to go back to

when I was growing up in India. And, you know, in India, when we grow up, our parents tell us to

always take the safer side safer side where you know okay you know they all this you go to you

should go to this college you should do this subject you should do these you should join a

big company because why because there is a security job security so there's less risk

so we are always taught when we're growing up that okay don't take too much risk right

um it's a good and bad and when i say risk taking this i'm not saying you just go and

you know jump from the bridge and just say okay what happens if you fly that's not the risk we're

talking about here risk we are talking about is a you know calculated limited risks which you can

afford to take and it depends on time to time too like right so if you're young you're single

you are in college or you're just starting a job, you have more time

You can take risk, right? But if you're older, you have responsibilities, families

chances are you'll probably take less risk. But the reward of taking risk is much higher, you know

compared to not taking risk. And I was just reading that this is a quote from Mark Zuckerberg

And it's a big quote. You know, big quote. you can read it anywhere but basically he said that it's in today's world um it's risky not to

take risk he said it's risky not to take risk why because and he also explained more and i'm just

paraphrasing you know i mean i'm just kind of i don't know exact words but point he was making is

that in today's world the way things are rapidly changing you got to take risks if you don't take

risks that's even worse than not taking risks right um let's talk about a few other people

let's talk about elon musk right so i don't know if you know the story of elon musk he's one of the

co-founders of paypal when paypal was sold he took you know he got millions of dollars he

actually took that money and reinvested in tesla and spacex and both were actually

brand new ideas and different technologies, right? One is in space, one is in electric cars

electric vehicles. And both are very risky fields when he started those

And they were very kind of, nobody, they were very unknowns, right

They were known, there was not, it wasn't even sure that it will become successful

And fast forward several years, Tesla was also bankrupt a few years back

um and elon talks about that they were almost bankrupt they were taking a lot of loans

and uh look at them today look at tesla and spacex both are doing well both are actually thriving

uh pretty good um and you know you can see even the tesla is growing look at the you know compare

with other companies its growth is very you know exponential so that's what risk brings right this

Bigger risk brings also bigger rewards, and you have to look at what you can afford to take the risk on

So that's the important part on risk-taking. Do you guys agree, disagree with something I'm talking about

Feel free to share your stories here, and I will highlight them, post as your comments

If you want to come behind the scenes just to share your story

let me know. We will share it here. so we just talked about mark juckerberg you know obviously one of the most successful and

billionaires and elon musk we talked about elon musk let's talk to more people if you think of

richest people you always think of bill gates and if you look also you think of in the more

biggest innovators in the world you always think of steve jobs you know these are some of the names

But look at Bill Gates, right? He dropped out from Harvard. Harvard is one of the most reputed college in the world, right

If it's not number one, it's definitely in top five, always been. He dropped out after two years of degree to start Microsoft

So if you ask me, it's a big risk. You are leaving this reputed college where there's a big success

You know, success is already guaranteed. now drop out to start a new company where success is not guaranteed

Every time you start a new company, chances of success are very, very low

So maybe 3% or less. So that's kind of risk Bill Gates took when he started Microsoft

And, you know, over the time, there were a lot of challenges. If you look at, if you look at, if you read bio or history of any of these companies

or look at the life of any of these success people, you will see that they were some of the biggest risk takers

And then let's talk about Steve Jobs, right? Steve Jobs, you know, more you read

I'm sure you heard of that already that, you know, many times he failed, several times he failed

But what he said is that when you fail, you got to quickly admit it

and learn from it and move on. So if you do make a mistake, you do take a risk

You just got to learn from it and move on and try not to repeat that again

That's kind of what his message was. But look at Apple now

You know, it became one of the first companies who reached a trillion dollar mark valuation, trillion dollar valuation

You know, even Apple was one of the first companies and now there's Tesla is obviously, Microsoft is obviously, Facebook is

Look at all these companies. If you see all the successful companies, you will find that at some way or somehow

there was a big risk taking involved there. So that's kind of point I'm making here is if you want to grow

become really successful in life, the risk has to be part of that

not always but most of the cases you should not be afraid of risk taking and now risk can be

calculated as i said it doesn have to be you know one yes or no it can be something you can take some risks and you can you know it doesn have to be all the way So now why would you want to take a risk That number one Let ask this question

Like, you know, you can go join a company. You can work for a company

You can go to growth. You know, you can grow in a company and move on

That's one way to do it. the reason you want to take risk is if you want to do something in life that's not being

available to you right now that's when you want to take a risk right say for example you say you

know what i don't want to work for anybody i really want to start my own company or you say

you know what i am more my passion is this not what i'm doing now that's really where you want

to take the risk is the passion, the things you're passionate about. Because chances are

if you do things which you like and love and passionate about it, that's where you're going

to put a lot more energy. So that's really what I'm talking about. So when Steve Jobs took a risk

or Elon Musk took this risk, it's not that he cared about how successful he will be

it's more about what he really wants to do he really wanted to build the change the world by

building these electric cars he really want to explore the the the space he really want to figure

out how to go beyond this planet so sure there are companies sure they are you know trillions of

dollars you know tesla is what more than one trillion dollar um even spacex is billions of

of worth these companies. But behind these companies was the passion. It was the passion of Elon Musk to do these things

to achieve these things. So that's really what I mean when you want to take this risk

There has to be passion behind it. You cannot just take a risk. You know what I'm going to do because everybody's doing that

That's not really risk taking. That's more like a decision making, right

So that's what I'm talking about. Are you guys agree so far

What do you think? Just chime in, post your comments. So I know actually if you, you know

if we are getting anything out of this, feel free to just chime in

definitely post your questions. I think we should do the, what do you guys think next week

We should also start doing the Twitter spaces because it seems like it's easy

for people to chime in via Twitter spaces. um danush welcome to the show good evening uh i'm sure you're probably joining from india welcome

to the show um if you're joining us from other places if you are in the u.s this is 12 o'clock

good you know early afternoon 12 16 p.m uh if you are in europe it's evening there india it's night

so all right so the reason why why we don't take risk is because of failure we

we have this fear of failure okay and as long as you have this fear of failure

you will never achieve your full potential that's a fact we never

achieve full potential we have fear of failure because we are going to fail and that's one thing

I was never afraid of taking risks I do not mind getting failure but what I do mind is

not try something which I don't want to do I have tried so many things if you

you know a lot of people don't know that but i probably was involved or started or partner or

co-founder of probably i don't know 15 companies in last 25 years or even more if you ask if you

ask all of them and probably three of them are really you can call them doing okay i'm not talking

about the successful like a billions of dollars company but they are doing okay none of them is

really successful as you know Tesla or anything but point I'm making is that

it's okay to take risks and it's okay to try but guess what now I will never

have a regret that I didn't try that you know because you can put that to bed

you can always go back to your regular work where I know you know you will get

you will get salary every month regardless of what so that's that's the

point i'm making about this and then and then if you go back to this whole growth mindset show

when i started this growth mindset show the first show it was always talking about

the the risk taking the fear of failure that's how it goes really so if you even want to reach

your full potential and you know you have to unlock the you have to unlock this this

kind of whatever the area in your mind is that that you can you're not afraid of failure

if you do that you are going to explore the areas that are outside of your current comfort zone or

your your present comfort zone right comfort zone what is comfort zone let's talk about that

what is comfort zone you're comfort you're living a comfortable life either it's work personal life doesn't matter

you have a job you go there you have certain amount of work

and then you get salaries you know but what happens in comfort zone is that

once you start becoming a comfortable in life you start working hard and i'm just talking about in general not i'm saying specific to you i'm

just saying in general uh when you start working hard that's when growth stops and i'll take an

example anoop welcome to the show good to see you back uh take the risk or lose the chance

yeah yeah yeah great agree so let's think about let's let's take a perspective let's take exact

some calculated example. Let's say you go to gym, right? You start going to gym and you're like

you know what? I'm in comfort zone. I'm just going to do exercise only as I can be, you know

easily I can do it. I don't want to hurt myself. I don't want to push myself harder

I don't want to sweat a lot. What will happen? Anybody? What will happen? If you do that

your body is still going to be sane. You may be in a good shape

but you're not going to see big growth. You agree? Imagine let say you go to gym and you start 25 pounds every day and you just do 25 pounds because it easy You know it easy to it no you know I not working hard

I'm not pushing hard. I go every day, do the 25 pound comeback. Chances are your body will get used to that weight and you're not going to grow

You're not going to have big muscle. Whatever you are, that's what you will be

Why? Because you are in a comfort zone. that's where your comfort is welcome welcome to the show baseball fan uh where you joining us from

let us know since uh i can't really know welcome to the show today we are talking about growth

mindset and and fear you know risk taking and what's the you know how risk taking can affect

or impact the success your success in life and also profile both professional life as well as

as your personal life. So, sorry, I got a call. Sorry about that

So, you know, we were talking about, let's say you go to gym and you are doing same weight every day

You're not going to see a growth. Same applies to the mind, okay

When we live in our comfort zone, we do same thing again and again

because we are not working hard. We don't have to think hard, all those things

Same thing with the growth mindset. our mind our brain or let's call cells in the brain they grow you generate new cells neurons

in our brain when you work harder when you think harder when you do things which you are

not used to so for example if you start solving problems that's our heart not just you know

what happens your brain has to think mean they have to work harder so same similar to our body

think of that our brain is also a works in the same way harder it has to work harder it has to

think more neurons grow in the in your brain and stronger it gets better it gets bigger it gets

so same concept applies everywhere if you want to get most out of your brain you got to start

working hard you got to make it work you got to make it think you got to solve problems

scientists say the only way to grow there's two fastest there's two common ways to grow your brain

is it's running running you know speed running not walking and also all thinking and solving

problems and giving you know so that's the same concept applies everywhere hopefully i'm making

sense guys um so that's really when you go back and think about some things you know you want to

think even at work if you join a company and if that company is not making you work hard and i'm

not taking harder doesn't mean really you know labor hard harder means you're getting new problems

you're involved in new projects you're solving new problems in learning new things all those means

your brain is working harder brain hard you know when brain working harder doesn't mean that you

know you really have to stress out right it means really you are not in same comfort zone you are

not doing same thing again and again you're learning something new all the time so every

time you learn something new your brain has to adapt and learn and have more information and

that's how it grows right it's the same idea here so you know if you are working in a company and

you're not being challenged you may feel that it's a great company because I'm okay I'm a comfort zone

but that may actually be bad for you as a person that's my theory like my theory is

if I'm not being pushed and I'm not being asked or I'm not doing myself I think that's bad

so that's that's kind of my theory with that and I think Bhaskar agrees with me

and same thing applies everywhere in general so when you think go home and say you know what

um am I growing in anything it can be your physical body it can be your brain it can be

your professional life it can be your personal life so that's you always want to see that

are you living in a comfort zone but if you want to grow do you need to go outside of comfort if

you do need to go outside of comfort zone there's a risk out there and how big is the risk you don't

have to take a big risk it can be a calculated risk but it's okay to take some risks right so

that's kind of i'm thinking about that so that was the only topic today i know it's a short i you

know we came back again but if you want to motivate yourself and think about success and

risk taking read some of the biographies and if you search google that you know how most successful

people in the world what kind of risk they took and how that risk taking actually changed their

whole life. I'm not talking about the just change. Like if you look at, go back to

Steve Jobs, right? Steve Jobs, he was failed. He was kicked out

from the company. The company he founded, he did some soul searching. He went to India

He went to, did some yoga and all those things. When he came back

he did same thing again. He just took some other risks and challenges

So that will give you some motivation even to you know if anything you want to do in life you can at least try you can achieve I'm not sure it's

going to be successful but at least you got to give it a try so you will say you know what at

least I try that so with that said that that ends up today's show if anybody has any questions

feel free to put your question we are going to be back again next Friday and Simon anything else

you want to plug in about upcoming conferences or anything. With that said, everybody, good to see everybody

I see M. Thank you, MD, Danos, Bhaskar, Anoop, and obviously Deepak

A few other people joined us today. Welcome back to the show, and I'm excited to be here

and we're going to be back next week with a different topic. Thank you. Thank you