Minimizing regret

At the end of last year, I realised that if I didn’t pursue my ventures of creating a platform of writing blogs I would have regretted it down the years.

Coming across Regret Minimisation Framework which was introduced by Jeff Bezos (Founder of Amazon). He describes his decision to pursue amazon in such a manner where he puts it:

I knew that when I was 80 I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not ever having tried.

It can be clearly identified if Jeff had not left his well-paying hedge fund job. He would have regretted his decision for not pursuing ‘The Internet”.

I like to keep this close to heart because it identifies fears and doubt that people would have in making that all important decision. In my juvenile years, I found failing as a fear factor in my life and because of that I never took the risk of pursuing activities or progressed in a project because I was afraid of failing. But, fighting your “inner demons” as they say it – you eventually build up the courage to “do your thing” and not care about failing because failing teaches you the ability to succeed.

However, it is also important to consider other domains of minimising regret such as the Win-Win principle.

The principle could be defined as trying something new and the method of design to try something new should result in a win even if its a loss. So for example, when I applied to medical school the first time around I failed to pass the entrance exam – even though I’d relevant experiences, updated knowledge on NHS, read books and articles around the subject.  In my second attempt, I could acquire different type of experience like working as a combat medical technician (part time) or take advantage of advertised courses on UCAT, do further reading reading on NHS, be better prepared for my entrance exam.

On a concluding note, reignite your desire to purse that one goal or ambition because time awaits for no one.

Life Advice

Abhishek View All →

I am a writer and a graduate engineer working in Leicester, UK.

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