In inspiring my team to take calculated risks in a new venture, I lead by example by showing them that I too am willing to take bold yet thoughtful steps for myself. I would lead with a culture where failure is understood as an opportunity for learning rather than a setback and encourage the open discussion on risks as well as rewards. I would share stories of the success of calculated risks paying off to help them see the potential upside. Therefore, I would further empower them with the right tool and data to make decisions that will ensure them taking their steps out of their comfort zones in all dimensions.

Create a culture that values innovation and learning from failure. Encourage open communication where new ideas are welcomed, and emphasize that mistakes are opportunities for growth. Lead by example—share your own risk-taking experiences, showing the benefits of stepping out of your comfort zone. Provide clear guidelines on assessing risks and ensure the team feels supported, with room to experiment without fear of blame. Celebrate both successes and lessons learned to reinforce a mindset of smart, strategic risk-taking.

To inspire my team to take calculated risks in launching a new business venture, I would foster a culture of experimentation by clearly communicating our vision and emphasizing the rewards of risk-taking. Providing a safe space for idea sharing and implementing regular brainstorming sessions will enhance creativity. Leading by example and demonstrating my own willingness to take risks can motivate the team. Establishing a clear framework for assessing risks and recognizing successful risk-taking will build confidence. Encouraging open dialogue about successes and failures reinforces learning, while aligning risk-taking with our company values ensures connection to our mission. #ahmedalaali11

If this is a new venture, they shouldn't be on your team if they don't see the vision. Putting that aside, it is about the vision for the venture. Be completely open about it. Don't downplay risks. Show the potential if it is achieved and demonstrate how it can be achieved. If you team believes in that vision, they are willing to take risks. If they don't believe in the vision or are unwilling to take risks to achieve it, then they shoudl not be on your team.

You have to ask yourself the question: Are you the leader who would inspire your team to take risks? It starts with you. Get everyone onboard with the vision, your communication is essential. Everyone must know the end goal and feel connected to it - that way it's part of their success too. If you don't have a goal, how can they be inspired. Build a culture of risk taking when they're calculated and be encouraging of this. Calculated risks can still backfire and you should be careful with your response if this does happen - you don't want to kill the culture over one failure