The benefits of risk taking

[philipma1957]

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 heads side of the coin.

[philipma1957]

Let me tell you that for some people contemplating entrepreneurship, it is better they stick with their 9-5 than take the entrepreneurial risk. Some want to answer entrepreneur so bad that they do not take calculated risk. They do not make smart goals. They are not ready to learn. It's lonely being an entrepreneur because the buck stops with you. There's no expectation of a monthly earning and you have to suffer at first. It is failure and repeated failure. And for those 9-5ers contemplating entrepreneurship, the benefit lies in not taking that risk.

the other side of the coin


🪙


I have to say that both posts have fully legit point of view. Having a six year run with a mine in Clifton NJ USA. I know a lot about the up 🆙 and the down side of going for it.

Six years of hard work. Making under 200k profit  and getting forced out by the buildings owner just as mining picked back up.

I could have worked a 9-5 job and made far more money. I could have not done anything but signatures the last six years on bitcointalk and done better.

Plus my direct partner and I have a pile of paid for gear sitting idle. That means more work either selling it or finding a host.

And remember we turned a profit. So it could have been worse. So yeah taking risks  can mean a middle result.  This is what I got out of the last six years. Could have been better could have been worse.

[DabsPoorVersion]

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

It's part of life but not everyone can take to face the risks because of the differences in the individual status of each and everyone. Some can take the risk because they still have enough to risk even after facing a failure. While for some, it will take everything they have if they try to face the risk. Whether they will lose what they have or they will be successful.

That's more of the reason why some people are afraid to take the risk or even run from the opportunity they have as they don't have much to risk. They will end up losing everything which will be hard compared to other people.

This is one other thing we should realize, not only the side of taking the risk and thinking of the missed opportunity. We should also think and wait for the right time because taking the risk is not the only thing we need to be successful, we also need to be prepared ourselves.

[Mr. Magkaisa]

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

         -   Most people want to do business, but not everyone takes the steps to have a business. Others just want to sit back and wait for income. Or there are others who want to start a business but are just afraid of losing money, or they may not be able to manage the business properly.

But it is said that all those who enter business are risk-takers, because if we are not like that, for sure you are not an entrepreneur. Because that's how it is in business, there are always failures to face, and that's normal.

[Lanatsa]

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 are someone who does really have the plans on making your life to be bit more better compared as of this moment or time then it would really be that ideal that you should really be needing to take up some risks because if you do really just that let yourself that sitting idle then you would really be just that basically making yourself that too staying up into your current condition on which its really that just that depending into your choice on what would really be having those plans you do have into your life because not all would really be that sensible towards their actions and just contented on what they do have.
You would really be needing up to take up some risks if you do really like yourself that having the progress but if you are really just that contented on where you are now then it would really be on your choice
but i do rather prefer myself on having that kind of risks taking rather than making yourself having no action or hardwork on which we know that this is something
that would be bringing out that kind of probabilities on making your life way more better.

[God bless u]

Sadly it's the truth that you just mentioned. In my opinion risk is something that can give you the fastest results in terms of financial growth than any other strategy. Taking risks ultimately lower the amount of hard work and planning while it multiplies your chances of instant richness but the point here is when you should take risks?

Risk should be taken when you have enough money that you can live an ordinary and sustainable life with your family. The extra money that you can spend on trips and enjoyment you can use it to take calculative risks in different sectors. Who knows that some bow might hit the right target and this will change your life.

[Dewi Aries]

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.

However taking risks does not mean you will succeed, I am not saying that risk determines success but doesn't success always start with the courage to take risks? Yes, and it is also reckless or even foolish to take risks without knowing and understanding the consequences and also knowing risks is not something that can guarantee your success, it is nothing more than knowing that you know and understand the risks you are taking and not a guarantee that you will succeed.

I've also said before that the likelihood of success is greater when you're someone who never gives up, and doesn't that idea have something to do with patience in it? Of course, never giving up involves patience and perseverance along with a strong consistency in the process, basically and to your point you also said that no risk is wasted which means that it depends on yourself if for example you are able to learn lessons from all the failures that you have experienced as a result of decisions that involve taking risks before then of course you will be able to gain progress in terms of experience and knowledge that makes you more knowledgeable about what to do and what to avoid and also with this you will know about what to do next.

[Mahanton]

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.

However taking risks does not mean you will succeed, I am not saying that risk determines success but doesn't success always start with the courage to take risks? Yes, and it is also reckless or even foolish to take risks without knowing and understanding the consequences and also knowing risks is not something that can guarantee your success, it is nothing more than knowing that you know and understand the risks you are taking and not a guarantee that you will succeed.

I've also said before that the likelihood of success is greater when you're someone who never gives up, and doesn't that idea have something to do with patience in it? Of course, never giving up involves patience and perseverance along with a strong consistency in the process, basically and to your point you also said that no risk is wasted which means that it depends on yourself if for example you are able to learn lessons from all the failures that you have experienced as a result of decisions that involve taking risks before then of course you will be able to gain progress in terms of experience and knowledge that makes you more knowledgeable about what to do and what to avoid and also with this you will know about what to do next.

You should really refrain yourself on having that kind of thinking on which we know that there's no such thing about assurance because if we do speak about taking risks then it would really be neither it would really be resulting into positive or negative and this is something that you should really be accepting on whatever outcome that you would really be able to encounter. Just like the rest been saying that there would really be no assurance whether you do succeed on the moment that you would really be taking up some risks. It is really just that there are people who arent really that good when it comes to this kind of approach on which
they are expecting something positive or something that been sure on the moment that they do take up some risks on which we know that this isnt really how these things works.
The benefits on taking up risks is that you do really have the chance or probability on making profits or earning opportunities once those hard work you've done had come into fruition.

Be realistic and be that not that too optimistic and hopeful because once you do have that kind of confidence on making up such investment then you are really just that putting up yourself on such big trouble.

[Distinctin]

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

It's part of life but not everyone can take to face the risks because of the differences in the individual status of each and everyone. Some can take the risk because they still have enough to risk even after facing a failure. While for some, it will take everything they have if they try to face the risk. Whether they will lose what they have or they will be successful.

That's more of the reason why some people are afraid to take the risk or even run from the opportunity they have as they don't have much to risk. They will end up losing everything which will be hard compared to other people.

This is one other thing we should realize, not only the side of taking the risk and thinking of the missed opportunity. We should also think and wait for the right time because taking the risk is not the only thing we need to be successful, we also need to be prepared ourselves.

While risks are inevitable in life, but we should also learn to weigh its advantages and consequences before we start taking risks. If it can only cause harm to our present life, then taking that risk is not advisable. However, most likely risks our built to reach new heights in life, but it won’t guarantee as well that by only taking risks without awareness on how to overcome those, they will immediately bring life’s improvements. That’s not the way it works. Risks can bring positivity and negativity at some point, so we should always be cautious in taking some risks, and always weigh the outcomes and its consequences first before taking such actions.

[tiCeR]

While risks are inevitable in life, but we should also learn to weigh its advantages and consequences before we start taking risks. If it can only cause harm to our present life, then taking that risk is not advisable. However, most likely risks our built to reach new heights in life, but it won’t guarantee as well that by only taking risks without awareness on how to overcome those, they will immediately bring life’s improvements. That’s not the way it works. Risks can bring positivity and negativity at some point, so we should always be cautious in taking some risks, and always weigh the outcomes and its consequences first before taking such actions.

Risk-reward will always hold true, but I am sure that this equation or relation isn't the real issue. Most people understand it and get the basic mathematics right behind some easy examples like playing roulette or rolling the dice. The problem is that most people lack the sense and ability to grasp complex scenarios sufficiently. I won't say completely because nobody can and it somehow is part of the risk that there are things that we don't know that we don't know.

But many people shy away from putting in the effort to quantify the risk with reasonable reliability and validity. They only have their eyes on the proclaimed or perceived reward while they are not able for whatever reason to get the first part right - the risk. Only then could they make an educated decision whether or not a certain event is a real opportunity or a fallacy.

[Viscore]

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.

Risks are somehow relevant to our lives. If one is a risk taker, rest assured that he will achieve something. Nonetheless, those who are afraid to take the risk, they will never reach a point of satisfaction in their lives. But taking risk also requires the right time to do it. You can’t just take the risk without long term planning and intensive preparation. Everything should have a perfect timing, because once you take that risk, there is no backing out, and you have to face the consequences whether you like it or not.

[redsun114]

every time you decide on something you risk something also. you and your wife decide to buy a house in the city, you are risking whether it's a good neighborhood to raise a child.
you decide to buy a house far from the city, you risk whether you can find a good job far from the city. every decision appends risks.

because you throw yourself into many possibilities, you gotta do your worst. this is why you need plan to achieve your goals.

I think no, not all things in life has a risk. What about when buying a basic necessity and you are buying on the same store which offers quality products? Risk can mainly be found on business, investing, and trading because there is no guaranteed that what we got in exchange for our money, can bear profits. The example you have given there about raising a child, can always be analysed before we buy a house. Same goes when we are going to find a job, we can always check the job vacancies available in the area.

Planning in achieving our goals can reduce risk, so all must have that, yet even if some has it, there is still a chance that they won't stick on it. We don't want the worse things to happen but like it or not, they can always come. We only need to do our best in order to get out of it.

[poodle63]

anyone don't wanna take risk because they are too scared are probably just gonna stuck in the same position all their life, indeed risk is there when we make choices.
but also meticulous planning is all what you need to counter the risk, but there's simply nothing that can change our life if we don't really take the risk.
trader and investor are betting on the future to grow their capital by investing when the price is low, there's risk accompanying it as well as the investment that they do.
there's simply too many things that have risk, even there's saying no pain no gain meaning that if we want to gain something we might suffer certain pain which i'm sure that its
caused by the risk accompanying the way to gain something, thats just how it works with this world, risk taking always become the fastest way to gain something that you yearns for.

[Bloodseekers]

Sadly it's the truth that you just mentioned. In my opinion risk is something that can give you the fastest results in terms of financial growth than any other strategy. Taking risks ultimately lower the amount of hard work and planning while it multiplies your chances of instant richness but the point here is when you should take risks?

Risk should be taken when you have enough money that you can live an ordinary and sustainable life with your family. The extra money that you can spend on trips and enjoyment you can use it to take calculative risks in different sectors. Who knows that some bow might hit the right target and this will change your life.

Understanding well the right time to take risks will make us develop in a better direction than before if we succeed in passing these risks and if we fail at the risks we take then this will be a lesson for us to be better. be careful in deciding to take risks and we have to improve this so that there is a chance in the future that we can properly analyze the risks we will take so that we don't make the same mistakes.

If someone doesn't have enough money for their needs with their family, of course this will be very risky when they decide to take a risk, because this will put them in financial trouble when they fail at the risk they took and temporarily refrain from enjoying holidays or having fun. happy but we use it to take risks that we understand, of course this will give us success when we succeed in the risks we take.

[Hamza2424]

BTC

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

Taking Risks is important but in my point of view, one should never take a big risk if he can it bear in the form of loss. My meaning of the saying is that if one has a big portfolio the amount he/she is going to invest he/she has 3 to 4 times in his portfolio then it is ok to take big risks to gain more profits we have seen so many entrepreneurs who take big risk because they have a lot of money so they can take risk easily with their invested money as the main reason all behind that they know they have more money if they lose this invested amount.

Besides this, the one who has less or a short portfolio should focus on risk management he/she should invest a small part of their amount in different places in case they will lose from one place and they will earn profit from another place they have invested. Although Both big/short portfolios of people should focus on risk management but short portfolio holders should focus more as they have very little amount to take risk.

[Juse14]

We have to dare to get out of our comfort zone, because there are many new things we have to try, and success often comes from big and bold steps. Therefore, we must always be ready to take risks, because if we only play it safe, we will never know the extent of our development and potential we have achieved.

When we want to try and plan to start a business, there are two possibilities, namely success and failure. but when we just stay in our comfort zone, there will be no possibilities at all in our life. And what is called challenges and failures, that is something we will definitely find when we start to dare to get out of our comfort zone, but never let failure stop us, take the lesson from every failure and use it as a stepping stone for us to go further. .

[Etranger]

Taking risks ultimately lower the amount of hard work and planning while it multiplies your chances of instant richness but the point here is when you should take risks?

Why is that so? Taking risk doesn't contradict hard work done in advance and a planned decision. Taking risks does not mean acting at random. It means accepting the fact that you may make a mistake and that things won't go according to plan, but the potential gain is worth it. And the bet is made precisely on the fact that in the case of a positive version of the development of events, the risk will be fully justified.

[AprilioMP]

-

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.

-/+ like that in understanding the risk of life.
It's easy for us to say that this and that. Must be like this and have to be so. But we must be sure that only chosen people are ready and strong to face it. Not everyone is strong and ready to face reality.

The direction of life is forward. If backward the name backwards. The road ahead can only be reached according to the ability of the eye to look. If you retreat, only a few meters are tired.
This is a choice and challenge. The eyes are tired of wanting to sleep.
No one knows what will happen if you never try.

[mirakal]

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.

Perfectly said. One who takes risk cannot guarantee success, but one who prefers calculated risk over high risk will most likely end having a successful venture. Although taking risks are said to be the gateway to one’s progress and profitability, but taking risk blindly is nothing but could end up into a worst nightmare.

Life is as full of risks. Your decisions are not guaranteed the right ones, and may only cause you future failures. But if you know how to manage those risks without compromising yourself, and take them cautiously, most likely you will achieve your end goals. This is same with trading. If you are not good in managing your greed and emotions, you will never become a successful trader throughout the process.

[dothebeats]

Those who take risks are not taking it blindly. They always have a vision and have a sense of what they will do in order to prevail against such risks. Also, not everyone is capable of assessing these risks, that's why not a lot of people are businessmen and are just consumers of services and products from other people.

Some of these people who took the risks basically know the word like the back of their hands because they already had some businesses before that failed. They are starting from experience and that, to me, is an advantage that cannot be taken away from you nor can be taught by anyone but yourself if you underwent the process. Not everyone is capable of taking risks because not everyone has the same risk appetite, knowledge, or experience to take it and would prepare a safer approach towards building their wealth.