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Author Topic: The benefits of risk taking  (Read 1373 times)
bluebit25
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March 29, 2024, 03:30:56 PM
 #41

History has proven that successful entrepreneurs are those who dare to take risks. When you take risks, you open the door to new possibilities and successes that you never expected. However, not everyone has the qualities to become an entrepreneur. Can't blame someone, because they are afraid of new things. But if you have the will to build a business from the capital you can afford to lose, boldly do it. Prove to yourself and others that you can make positive changes!

As for those who are not ready for big steps, please respect their opinion. Each person has a different way of viewing risk. Try encouraging them to start a business, they may not even realize they are getting closer to their goal.

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Fakhrulenclix
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March 29, 2024, 05:01:30 PM
 #42

History has proven that successful entrepreneurs are those who dare to take risks. When you take risks, you open the door to new possibilities and successes that you never expected. However, not everyone has the qualities to become an entrepreneur. Can't blame someone, because they are afraid of new things. But if you have the will to build a business from the capital you can afford to lose, boldly do it. Prove to yourself and others that you can make positive changes!

As for those who are not ready for big steps, please respect their opinion. Each person has a different way of viewing risk. Try encouraging them to start a business, they may not even realize they are getting closer to their goal.
Taking risks doesn't only apply to people in business, it also applies to investment.
It's true that basically there is no possibility of profit without risk so we can choose between them, if we don't dare to take risks then there is no possibility of profit, that's the basic science.

Sometimes there are also people who have very mature calculations so that they will not take a step with a big level of risk, no matter what, we have to respect other people's opinions because these people have different ways of thinking.
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March 29, 2024, 05:20:54 PM
 #43

No investment is possible anywhere without risk. Because in each case the risk and probability of profit is 50% / 50%, the probability of profit is 50% and the probability of loss is 50%. That is, any one will be. If you want to do anything in life, you have to take risks. Today's successful people must have achieved success by taking risks. They were successful because they took risks. But you can't invest in a place where you can definitely lose. You must research and invest that have the potential to make a profit.

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March 29, 2024, 05:48:26 PM
 #44

Risk taking is a part of life, we take risks everyday without even realizing  most of it, risking accidents by crossing the expressway everyday to go to work, cooking in the kitchen with all the fire harzards and cutting with knives, these are common risks that we overlook everyday. Financial risks are the main focus of everybody, and if you're not ready to take risks, then you're not ready to reach the next level of financial prosperity and freedom, but it's important to take calculated risks, so that the person will not become worse off than when he started the risk. Thinking out of the box to enter into a better financial prosperity means that the person must take calculated risks.











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March 29, 2024, 05:51:46 PM
 #45

Nothing in the world can be properly achieved without taking risks. For example, if a woman wants to become a mother, her life is at risk because of this, a new life is created. It is almost impossible to expect great success without risk in his business. Because if you want to start a new business, if you invest your money there, there is a possibility of success against the possibility of loss through this investment. However, it is normal for new businessmen to struggle at the beginning.  I know a person in our country, who worked continuously for six years to become an entrepreneur and still he did not get his desired result, then it was seen that in just one year his company became the best in the country and now the figure is around 3000 crore rupees. like  So nothing comes with success without risk or there are thousands of such examples that you can understand. To achieve great success in life, risk will come, even if you don't want it to.

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March 29, 2024, 06:09:37 PM
 #46

If you understand the basic science and material, you won't be afraid of something, the risk has become fate. For me, investment and business risks are normal within the scope of that relationship. It's just that I once experienced a failure which became an important lesson so that it doesn't happen again. Therefore, basic knowledge and materials are very important for future development

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March 29, 2024, 06:16:32 PM
 #47

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

There is no victory and success, the risk must be created and must be resolved.
Risk of part of the history of our life journey of humans in living a life that can be unavoidable. Ready or not, the risk must be faced because life is not about how later but what we are living.

Risk is not only present and owned by entrepreneurs or business. The risk has existed since we exist. We who can now think tomorrow I will eat what, so there is no situation that is free from risk. The point is that we are the winners who are ready with risks when we are born.

That's what I understand about risk.

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March 29, 2024, 07:06:57 PM
 #48

Simply put if for example you do not dare to take even the smallest risk then it is better not to get involved in the business world because after all business is a profession full of risk taking in every decision, and we must understand and know that all successful people in the business world always start their journey with courage in terms of taking risks but not without reason and without science as well. Failure is part of the journey and those who have now managed to achieve success are those who never complain because of failure, because failure is not the end of everything but something that delays your journey to true success where with failure you will get valuable learning.

This means that people who succeed in achieving success are those who are not afraid in terms of taking risks and also who are able to take lessons in every failure they have gone through so that in the end they have a lot of experience and knowledge that ultimately leads them to the success they want, I understand that it is not as easy as turning the palm of the hand but the proof is that there are some people who really succeed when they never give up.

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March 29, 2024, 08:22:46 PM
 #49

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
Running away from opportunities just because they don't dare to take risks, for me these types of people only want instant results even though that's actually not true. You can be sure that this type of person will always be at the bottom and never above the level of success they dream of.

Where is there a business that has no risk? Every business always has risks, whether big or small. In certain situations where it is very difficult, it is also recommended to be patient and continue as you are because at the end of it all there will be a way out.
Never mind self-confidence, the type of person who is not ready to take risks also does not believe in the beliefs they hold.
In theory it is also not recommended to be afraid of risks.

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March 29, 2024, 10:51:04 PM
 #50

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
If you don't take risks, you will never do anything good. one cannot live a happy life by working because the job gives a certain amount of salary but it requires a lot of hard work. which cannot offer you a very good life  So if you want to be rich and enjoy a comfortable life then you need to invest and earn a lot of money. and if you invest, there will be risk. and those who can take risks are successful in life and can live a luxurious life.
Its not that you will never do anything good, as one can still live life normally even without taking some risks. However, if you stay on your comfort zone and avoid taking risk, you are likely going to miss opportunities that will definitely improve your life status. Life is a risk itself, if you don’t know how to deal and manage the risk, you will never experience the best things in life. At some point, you have to take some risk for you to be able to know your worth and how far can you go with your own potentials.

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March 29, 2024, 11:03:00 PM
 #51

~

There is no victory and success, the risk must be created and must be resolved.
Risk of part of the history of our life journey of humans in living a life that can be unavoidable. Ready or not, the risk must be faced because life is not about how later but what we are living.

Risk is not only present and owned by entrepreneurs or business. The risk has existed since we exist. We who can now think tomorrow I will eat what, so there is no situation that is free from risk. The point is that we are the winners who are ready with risks when we are born.

That's what I understand about risk.
Risk is an inherent aspect of the human experience. Victory and success are inseparable from risk which is deeply rooted in the essence of human existence. Our journey has been marked by countless instances of people and societies taking risks in pursuit of progress, growth, and fulfillment. When entrepreneurs boldly innovate and explore new frontiers, risk has been a constant companion. Every achievement in human history has been preceded by a willingness to confront uncertainty.

Risk permeates every aspect of our lives, not only business or entrepreneurship. Whether it's deciding whom to trust, pursuing a new relationship, or making career choices, every decision carries with uncertainty and potential risk. Human must have resilience and adaptability inherent in the human spirit. It is our ability to navigate these risks that defines our journey and shapes our destiny. Victory and success are not passive achievements but rather the result of courage, resilience, and a willingness to embrace risk.

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March 29, 2024, 11:19:53 PM
 #52

If you don't take risks, you will never do anything good. one cannot live a happy life by working because the job gives a certain amount of salary but it requires a lot of hard work. which cannot offer you a very good life  So if you want to be rich and enjoy a comfortable life then you need to invest and earn a lot of money. and if you invest, there will be risk. and those who can take risks are successful in life and can live a luxurious life.
  There will be no result if you don’t try out something, and even when you fail while trying the zeal to still want to get to the end result of what you are looking for shouldn’t be undermine. They are people that failed so many times and even after doing serious jobs and not quitting. Everything in life is risk, you just have to look for the  one that will pave the way for you.  Risks increase your chances of becoming rich and successful. No one ever got rich and successful without taking risks. The greater the risks, the bigger/greater the reward. That’s why highly risky investments generate the biggest returns while low risk investments have low returns.
  Studies found that businesses continue to grow when risk management aligns with their business objectives. A risk management strategy could allow a business to not only face the crisis effectively but also turn the crisis into an opportunity for growth. Effective risk management entails an organization to be proactive and agile to deal with unforeseeable risks. The ability to assess, manage, and plan for potential risks will aid a company to successfully allocate its resources to limit the impact of the risk. However, the lack of risk management planning would subject an organization to face the complete financial liability of the risk, which can impact business continuity.
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March 29, 2024, 11:21:21 PM
 #53

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. 

What you say is valid but it depends on what kind of risk you’re talking of. For instance, driving a car is risky, but do you expect that you would have an accident? No. My point is that there are low risks for certain things. It could be a little thing like my description or even investments. There are some which are obviously high risk and those are the ones you should be really expecting a two way outcome. But for something that has low risk, it’s unlikely we expect the negative part because it is unlikely to happen.
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March 29, 2024, 11:31:59 PM
 #54

What you say is valid but it depends on what kind of risk you’re talking of. For instance, driving a car is risky, but do you expect that you would have an accident? No. My point is that there are low risks for certain things. It could be a little thing like my description or even investments. There are some which are obviously high risk and those are the ones you should be really expecting a two way outcome. But for something that has low risk, it’s unlikely we expect the negative part because it is unlikely to happen.

Every activity that we have in life have some type of risk involved. So it is up to you what you will venture into, and you are the one who should weigh the pros and cons because no one will do it for you.

As this will bring you new opportunities, it is up to you how you will use it to your advantage. There are of course other benefits that you can acquire by traversing a new path =
> boosted confidence
> new skills
> more creative
> builds resilience
> know yourself more
> create new experiences
> self-satisfaction and more...

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March 29, 2024, 11:49:07 PM
 #55

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

Talking about risk does not only mean exposing yourself to danger, but it also includes the mind's ability to make decisions and also having a wise decision for your own personal interest, which comprises many things because you can’t just take a risk without knowing the potentiality of the risk, which comprises both the positive and the negative aspects of the risk. This is what many fail to understand, which is why they mostly fail when they take a risk. 
 
Normally, there are risks that are not meant to be taken, because when you take such a risk, you most surely regret it. That is why the saying that says "take the risk and get rich" didn’t work for everyone because some are not meant to be rich no matter the higher risk they take. That is why even the fingers are not equal, so definitely that economic balance will be there because if there are not those that are poor, the economy will never be stable. Although some think that risk is for everyone, they do not know that you have to have a great IQ to succeed in taking risks because, without knowledge, the risks that you take might not work for you because everyone has their own future.

 

This means that people who succeed in achieving success are those who are not afraid in terms of taking risks and also who are able to take lessons in every failure they have gone through so that in the end they have a lot of experience and knowledge that ultimately leads them to the success they want, I understand that it is not as easy as turning the palm of the hand but the proof is that there are some people who really succeed when they never give up.

Taking anyhow risks doesn’t determine your success, but knowing the risks you do take is what will determine if you will be successful, not because success is not seen in the level of risk you take, but the level of the risk that you succeed on. That is what many find hard to understand, because talking about risk also deals with patience. Even though you take a risk that you know will be a great achievement for you, when you get reliant or think that you will not make it again, you might still lose because no risk goes in vain unless the risk that is normal is meant not for success. Without patience, you will always give up, and when you are willing to take a risk, you don't have to give up.

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March 30, 2024, 03:16:58 AM
 #56

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.

Not taking any risks is basically staying inside your comfort zone

in life many thinkers have always emphasized on the importance of taking risks and getting out of your comfort zone every once awhile so it does not only apply to investing but just life in general

we humans need change to survive and taking risks is part of that change

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March 30, 2024, 03:59:02 AM
 #57

Risk taking is a part of life, we take risks everyday without even realizing  most of it, risking accidents by crossing the expressway everyday to go to work, cooking in the kitchen with all the fire harzards and cutting with knives, these are common risks that we overlook everyday. Financial risks are the main focus of everybody, and if you're not ready to take risks, then you're not ready to reach the next level of financial prosperity and freedom, but it's important to take calculated risks, so that the person will not become worse off than when he started the risk. Thinking out of the box to enter into a better financial prosperity means that the person must take calculated risks.

Risk is very inherent in everyday life for everyone.  Taking risks in business is very important to do, where there are profits and losses, failure or success.  To achieve success, of course you have to be able to face everything. With careful calculations and the right steps, someone can achieve the greatest success in any business.
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March 30, 2024, 10:02:30 AM
 #58

we are faced with taking risks by not taking risks. I don't get new experiences in my life and feel something. We know that taking a risky path with courage brings better opportunities. We just take advantage of the positive benefits in life. There must be risk taking. faced with the reality and facts of running a business, even though there is no certainty of success, it is possible to achieve good performance rather than taking fewer risks
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March 30, 2024, 10:21:49 AM
 #59

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
The higher the risk taking, the greater the reward in most cases, but in some cases it is not so.
Risk is an important factor to always consider when venturing into any business or investment. It is mostly hard to take due to the fear of losing money (capital). The bold decisions you take towards improving your business is a risk because these decisions are mostly not easy to take because they might lead to lose of capital if not taking with caution.

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March 30, 2024, 12:35:21 PM
 #60

Something which is not required but rewarding if you would embrace it. It is like having a wuarter and a chance to make it double or even more, but also a tendency that you'd lose it. Risk is best explained by gambling it is also present with investments. The difference on the other hand is of course discussed on other topics. Now, going back with having a quarter and taking the risk, you may just keep it at least you'd have the 'assurance' that you'll have it to be able to buy certain things on its amount. In this instance you are also choosing to throw away the opportunity of making it with multiplier or simply to make the amount bigger. Assurance versus hope; it now depends on the individual which one should be leading for a better outcome. Eitherway would be fine as long as the one to do that will be all prepared 'coz there's still no easy money.
Having that type of risk is always something people need to be aware of, there is nothing wrong with taking a bit of risk. I personally believe that the best thing we can do at the moment would be just making sure that we are dealing with something that will take a while.

So, while we are risking money, we may not reach the riskiest part and still get scared and get out, that's the biggest problem with people right now. I mean sure there are people who invested and lost a lot of money due to drops in price as well, but there are many people who lost because they didn't hold long enough. Prices could go from 10 to 5 to 15, if you sell at 5, you lose but if you wait enough then you could make a profit yet again.

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