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Author Topic: The benefits of risk taking  (Read 1327 times)
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March 28, 2024, 07:27:00 PM
 #21

I think taking risk is good idea but it also depends on field and if we knows that the present field will not give is profit then in such case taking risk is useless and will cause loss of money. In case of cryptocurrency trading and investment there is a greater possibility of losses money but when someone learn well then this possibility can reduces to certain percentage.

Information is present about bitcoin and some altcoins which we can use to reduce the risk and increase the probability of making money and everything is possible with the help of patience. Take the risk when you become familiar with the selected field but when you have no knowledge about a single word then it is not about taking risk but it is about to loss all amount of money due to your carelessness.



 

 

 

 

 

 


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March 28, 2024, 09:32:57 PM
 #22

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk

If we all think in the same direction, the world wouldn't move the way it's and not many would make anything. Have you thought about if we the world is full of people that doesn't take risk, do you think internet would even exist today? What if we all agree to be smart and take risk, the would would be full of smart people trying so hard to make opportunities. This is why we have losers and we have winners, people that took risk win the most but that doesn't mean they don't lose too.

Quote
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Sadly, not everyone will take risk, not everyone is born to take risk. We have some people that want to take the risk but doesn't have what it takes to start which is the money. This is to tell you that the world is not fair to everyone, those who want to take risk will continue to do and those who don't want to will continue to be in their state, that's how the world revolves.

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March 28, 2024, 10:23:19 PM
 #23

From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Great entrepreneurs and businessmen do not take risks without calculating them.  They don't just get into risky situation without knowing how they can minimize and get through it.  There is no benefit in taking risk blindly.  Most of the time if one is taking risks blindly, they end up in a loss.  Great entrepreneurs and businessmen is always cautious in their business venture.  They often identify the risk involved, think of a plan for minimizing that risk, and make a fail-safe tactic if things go out of their hands.

In short, it is not the plain risk-taking that has benefits but rather an intelligent approach to calculating risk and minimizing it that has huge benefits.  It is not the courage to face risk that gives benefits but rather the ability to minimize or control the risk involved in a venture.

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March 28, 2024, 10:47:44 PM
 #24

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
Risks are inevitable. In life, there are possible risks that could lead to success if you are aware on how to overcome those risks, but if you are being fearful taking all those risks, then most likely you will not achieve something significant in your life. While risks can be powerful, but it can also mess up your life if you are not smart enough to beat them.

All businesses have certainly its risks. But as long as these businessmen learn to take calculated risks and never gets fearful in dealing them, expect that the business will progress and eventually create its target profits, but for those who never gets to deal with risks, they will never experience being productive in their business.

R


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March 28, 2024, 10:56:22 PM
 #25

I think taking risk is good idea but it also depends on field and if we knows that the present field will not give is profit then in such case taking risk is useless and will cause loss of money. In case of cryptocurrency trading and investment there is a greater possibility of losses money but when someone learn well then this possibility can reduces to certain percentage.

Information is present about bitcoin and some altcoins which we can use to reduce the risk and increase the probability of making money and everything is possible with the help of patience. Take the risk when you become familiar with the selected field but when you have no knowledge about a single word then it is not about taking risk but it is about to loss all amount of money due to your carelessness.
In doing something new, we must be ready to take risks so that we know where we find weaknesses so that in the future we can improve them to make them even better. Likewise, when we invest, of course the risks we face are already there, so we must be prepared to experience losses. Before making a profit, whatever we do we must be ready for any situation.

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March 28, 2024, 10:57:10 PM
 #26

It is essential to take risks in order to succeed in life and one should never steer away from doing so however it should be done in a way that is educated and calculated. A person who takes risks after carefully studying and thinking of ways to minimize said risks is a brave person while a person who takes risks blindly is just stupid. Not all risks should be avoided but also not all risks should be taken.

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March 28, 2024, 11:07:12 PM
 #27

People who are scared of taking risk would never get anywhere until they start taking risks. Successful people have failed at what they do so many times, they are only successful because they learnt from those failures. There’s not one successful person that never failed. So we should look at failure as a stepping stone to success. Once we can tell ourselves this, our minds are more likely to accept risks because we then know that failing is important too.



 

 

 

 

 

 


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March 29, 2024, 02:47:03 AM
 #28

People who are scared of taking risk would never get anywhere until they start taking risks. Successful people have failed at what they do so many times, they are only successful because they learnt from those failures. There’s not one successful person that never failed. So we should look at failure as a stepping stone to success. Once we can tell ourselves this, our minds are more likely to accept risks because we then know that failing is important too.
Yes, to be successful in anything you have to take risks. It is true that one cannot succeed without failure. There are risks no matter what you do. More profit can be made in the work that has more risk. I have invested in bitcoins there is more risk. I will be riskily holding long and hope to make a lot of profit from here. So whatever you do, you have to take risks.

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March 29, 2024, 06:35:17 AM
 #29

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Yeah, that's absolutely true! I agree that risk is an inherent part of life, and to achieve success, we need to become calculated risk-takers. However, it's crucial to distinguish between recklessness and calculated risk-taking. It's important to understand that not all risks are created equal. Success lies in assessing potential risks, developing mitigation strategies, and making informed decisions that align with your goals and risk tolerance.

And in my opinion.  Starting with smaller, calculated risks and gradually increasing them is a smart way to ease yourself into a risk-taking mindset. This allows you to gradually build your risk tolerance and gain confidence in your own decision-making abilities.
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March 29, 2024, 07:10:46 AM
 #30

Risk taking can make you rich overnight but let's not forget that no mater how we are it, if you take risk, you should be expecting two things in return is either you fail in your risk or you scale through, it is not certain that you must benefit when you take risk but be open-minded if you are on the move of taking risk, lets be realistic even though we see found risk necessary, we should take risk without being calculative, a risk taker should identify when to strike, you don't just take risk because people tried and succeeded in it, try as much as possible to be smart, though it is better to take risk and not taking risk because risk is involved in everything we do is just that we can't identify them easily as individuals. 

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March 29, 2024, 08:54:57 AM
 #31

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Is it related to the other thread regarding change career or something? If so, like what I've always told to other people, I'm a firm believer that everyone has their own destined career future, we aren't able to tell other people what they need to do, maybe some of us are destined to become a business owners but majority is destined to become a great employee in a company because in every society needs a balance. About taking a risk, I know that not all people are risk taker, there are some who's afraid to take a risk in their life because of some personal reason or maybe they are just contented on what they have in their life and that's totally fine, we don't have to force them to take a risk because before we tell them this, they already know it and it's their choice if they stay in the position they have in their lives now.



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March 29, 2024, 10:14:44 AM
 #32

Risk taking can make you rich overnight but let's not forget that no mater how we are it, if you take risk, you should be expecting two things in return is either you fail in your risk or you scale through, it is not certain that you must benefit when you take risk but be open-minded if you are on the move of taking risk, lets be realistic even though we see found risk necessary, we should take risk without being calculative, a risk taker should identify when to strike, you don't just take risk because people tried and succeeded in it, try as much as possible to be smart, though it is better to take risk and not taking risk because risk is involved in everything we do is just that we can't identify them easily as individuals. 
There are many things that need to be considered when deciding to take a risk, because if we do not understand well the risks we will face, of course we will experience losses because we are unable to face the risks we face and it would be better for us to understand them well first. about the risks that we will face so that when we take risks we can get results according to what they expect and if they do not understand the risks they are taking of course they cannot get perfect results from what they have tried.

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March 29, 2024, 11:27:59 AM
 #33

It's more risky not to take a risk, but I stand to be corrected not all risk is Worth taken Even in the business line you can't take risk of producing what the society is not in need of and expect a success in business, because it's a risk people failed to venture in, every risk most have success attraction or objective to be achieved, if one surpassed the challenge associated to the risk and come out victorious, but where such success can't  be found taking such risk is meaningless.

Many take risk but the risk falls in meaningless and wasteful effort because their target on the risk is no value to mankind, every risk must have something to offer either to the public or personal gain to who venture into the risk.

My opinion is that one must calculate the kind of risk, if it Worth to avoid wasteful effort without result. Because many go into risk but ends up not achieving the purpose.

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March 29, 2024, 11:39:20 AM
 #34

As what the topic wants to imply. Here are some benefits that we can learn and somehow apply to our life:

1. Growth and Learning: Risk-taking can lead to new experiences and opportunities for personal growth and learning. Stepping outside of our comfort zones can help us develop new skills, gain confidence, and expand our knowledge.

2. Innovation and Creativity: Taking risks can lead to new ideas and innovations that can drive progress and success. By exploring new possibilities and pushing boundaries, we can come up with fresh solutions and approaches.

3. Resilience and Adaptability: Taking risks can help us become more resilient and adaptable in the face of challenges and setbacks. By overcoming obstacles and learning from failures, we can develop the strength and skills to bounce back and keep moving forward.

4. Increased Confidence: Successfully navigating risks can boost our self-confidence and belief in our abilities. Taking on challenges and achieving goals can help us feel empowered and capable of tackling future challenges.

5. Greater Opportunities: By being willing to take risks, we can open ourselves up to new opportunities and experiences that we may not have otherwise encountered. This can lead to new relationships, career advancements, and personal growth.

6. Personal Fulfillment: Taking risks can lead to a sense of accomplishment and personal fulfillment. Stepping outside of our comfort zones and facing our fears can bring a sense of satisfaction and pride in our abilities.

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March 29, 2024, 11:43:26 AM
 #35

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
Yeah it's no guts, no glory. I think it is part of decision making skills when you are brave enough to commit or take a risk just to make some gain. Human instinct is also related to this and we are born to be problem solvers, risk takers though not all of us are gifted with the ability to develop all this but still we are part of it. Risk taking is a skill we need to hone so we can take advantage of it.



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March 29, 2024, 12:36:48 PM
 #36

Yeah it's no guts, no glory. I think it is part of decision making skills when you are brave enough to commit or take a risk just to make some gain. Human instinct is also related to this and we are born to be problem solvers, risk takers though not all of us are gifted with the ability to develop all this but still we are part of it. Risk taking is a skill we need to hone so we can take advantage of it.

Taking risks is a step that must be taken because we will know the level of difficulty to reach the stage of success.
By daring to take risks we will have the opportunity to reach a much greater stage of success compared to people who do not dare to leave their comfort zone.
Every decision made definitely involves conscience because conscience is often more reliable, although knowledge must also be present before a decision is made. The risk will be proportional to the level of success that one wants to achieve when someone has the knowledge to make decisions. For example, if someone wants to develop an interest in business then before making a decision they must have knowledge about business.

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March 29, 2024, 01:15:33 PM
 #37

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Certainly! It's true that life involves taking risks, but not all risks are worth taking. So, when considering investing in a business, it's crucial to have a good understanding of it beforehand. This helps assess whether the potential risks are justified or not. That's why some people are hesitant to take risks if they don't see them as worthwhile based on their research.However, if they identify opportunities for investment or business ventures with lower risks, they are more likely to proceed confidently. In essence, it's about weighing the potential rewards against the possible consequences and making informed decisions. By being knowledgeable about the business landscape, individuals can mitigate unnecessary risks and increase their chances of success in ventures they undertake. Therefore, it's prudent to carefully evaluate risks before committing to any investment or business endeavor.

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March 29, 2024, 01:37:42 PM
 #38

Taking risks is not a completely bad thing. The first thing you have to know, risk is a challenge. So it's normal for someone to think taking risks is a difficult thing, but if you don't dare to take risks you will never know what a new challenge in life feels like. Taking risks is also one way to encourage someone to continue improving their skills. You must have a detailed plan before taking a risk so that you are always ready to face whatever the outcome of the courage to take a risk is. Even though there may be uncertainty in taking risks, this decision is a path that can open up new opportunities for you.

Your courage to take risks will broaden your horizons and push yourself out of your comfort zone, it is likely that you will discover new innovations and be able to access resources you never thought of before. People who have achieved this level of success have gone through many challenges, failures in taking risks have made them strong individuals. The road to success is not as easy as imagined, they have learned many things from failure, when they fall in a business, they will try to get up again by learning from failure to achieve success.

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March 29, 2024, 01:59:48 PM
 #39

Businesspeople who take risks to achieve their success are people who have predicted various possibilities that will occur from their decisions. Because people who take risks without considering various things in their decisions are the same as careless people and they are betting on their lives - on the one hand if they succeed then they are successful, but on the other hand if they lose then they will lose everything.

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March 29, 2024, 03:20:07 PM
 #40

Great entrepreneurs and businessmen do not take risks without calculating them.  They don't just get into risky situation without knowing how they can minimize and get through it.  There is no benefit in taking risk blindly.  Most of the time if one is taking risks blindly, they end up in a loss.  Great entrepreneurs and businessmen is always cautious in their business venture.  They often identify the risk involved, think of a plan for minimizing that risk, and make a fail-safe tactic if things go out of their hands.

In short, it is not the plain risk-taking that has benefits but rather an intelligent approach to calculating risk and minimizing it that has huge benefits.  It is not the courage to face risk that gives benefits but rather the ability to minimize or control the risk involved in a venture.

I agree with you, indeed when it comes to business there are times when we have to take risky actions as is usually called "taking risks". but of course a wise person will not do this without considering it, even though this is a big risk, of course it must be considered first because it is impossible for us to just do this risky action carelessly, even though it is risky it doesn't mean it isn't considered first, Of course, it must be considered carefully, especially when it concerns the future of the business being run. It's true what you said, there's no point in taking risks blindly. We should also pay attention to every action we take that concerns our own business.

I think business people who do this are brave business people because in my opinion this certainly makes ourselves more courageous in doing things whose aim is for the good of the business even though there are big risks waiting for us, but this trains our own mentality. I'm sure not everyone can do this, therefore people who do this are probably only people who have a strong mentality.

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..PLAY NOW..
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