May 24, 2012 Jeff Jacoby: The peace process battered Israel's reputation Near-nuclear nation threatens to walk out of summit unless it gets its way Clifford D. May: What Iran's Rulers Want Michael Muskal: 'Pro-choice' position hits record low, according to poll Chris Farrell: Are We in a Tech Bubble? Kimberly Lankford: Switching Medicare Advantage Plans Mid-Year Bryan McIver, M.B., Ch.B., Ph.D.: Mayo Clinic Medical Edge: Understanding hyperthyroidism and its variety of treatment options French rights groups want Google to stop suggesting 'Jew' Two-fly rule for Beijing toilets The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak! 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Anderson: Walking Away From a Mortgage Environmental Nutrition editors: The lowdown on a low-acid diet Pomegranate juice maker used deceptive ads, FTC judge rules Relatives outraged over spoof on Hamas chief's killing The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili May 21, 2012 Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security? Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF James K. Glassman: 5 Stock Picks Among Online Retailers Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy? 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Jewish World Review May 10, 2007 / 22 Iyar, 5767 In praise of risk By Larry Elder http://www.JewishWorldReview.com | I received an e-mail the other day from a friend who thanked me for my advice. Having long ago lost touch with him, I barely remembered the incident to which he referred. Years ago, he and I spent an afternoon on a boat on Lake Erie, next to Cleveland. He began complaining about his job, and after quietly listening for several minutes, I said, "And what do you intend to do about it?" He stared back, somewhat blankly. I repeated, "What do you intend to do about it?" He told me that it never occurred to him that he had the option of simply reassessing his situation, perhaps quitting his job altogether and starting something different. He told me he'd once thought about leaving and starting a business, but, after all, that entailed risk and he feared disaster. I told him, "The worst disaster is to look back and say, 'What if?'" He asked me why I felt so strongly about taking chances, and I told him a story. When I practiced law in the late '70s, my law firm offered the chance to spend the summer working for the United Way as a "loan executive." As an L.E., I learned to give a speech about the organization -- the percentage of the donated dollar that gets down to the beneficiaries, the efficiency of the organization, etc. I agreed to participate in the program upon one condition -- that my United Way supervisor assign me to the business division. As an L.E. for the business section, my job required me to meet first with CEOs of medium and large corporations. The CEO and I would then get into a car and drive to a non-United Way supporting colleague of the CEO's, at which time I would make my pitch to the nonparticipating CEO's workforce. I chose the business sector so that I could have some one-on-one face time -- usually an hour each way in the car -- with these successful CEOs. I asked them how they got started. Why they went into business. What mistakes they made along the way. And, most important, I asked, if you were starting out today, knowing what you know now, what advice would you have given yourself? Mind you, each of these CEOs ran successful companies with gross revenues from 25 million to over 100 million in 1970s dollars. Nearly all started out in humble circumstances, without inherited wealth. They started a business, with some, at first, failing a couple of times. One business distributed shoes. Another shipped goods. Another manufactured car antennae. These 50-something CEOs were, in my mind, huge risk-takers. But when I asked what advice they would've given themselves as youthful entrepreneurs, all said the same thing: "Take more risks." These men told me about opportunities they had walked away from, not because they presented poor opportunities, but because they feared taking on too much. Again, many of these entrepreneurs started businesses and failed. But they considered the "failures" learning experiences that hardened and wizened them for future opportunities. All regretted, however, that they failed to stick their necks out even more. "Larry, don't be afraid to fail," they all told me with more or less those same words. Though I obtained my law degree, I expected my career path to lead elsewhere. I practiced law for about two-and-a-half years and then started a small business that I ran, with reasonable success, for 15 years. I then turned my energies to political and social commentary, and moved into television and radio. I always wanted to write, and managed, in books and columns, to pull it off. I just turned 55 years old. I consider my life blessed. My mom recently died, but lived to a robust, hearty 81 years. My dad, at 91 years old, still lives in the house where I grew up. We talk every day. I'm lucky that I get to see him frequently, and he remains in excellent health. He takes pride in being "independent and self-supporting." That's his way of declining my numerous offers to come and live with me. He still makes me laugh. I feel that I perform meaningful work, and I embrace my faith and cherish my family and friends. But . . . I wish I had taken more risk. Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. JWR contributor Larry Elder is the author of, most recently, "Showdown: Confronting Bias, Lies and the Special Interests That Divide America." (Proceeds from sales help fund JWR) Let him know what you think of his column by clicking here. Larry Elder Archives © 2006, Creators Syndicate

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