It is important for people to take risks both in their professional lives and their personal lives. Do you think advantages of taking risks outweigh their disadvantages

It is frequently claimed that in a fast-changing world the best strategy not to fail is to take
risks
.
Therefore
, some believe that
risk
-takers succeed
both
in their personal
life
and at work, while others think the opposite. I believe that taking
risks
has
both
positive and negative sides,
however
, the former outweighs the latter and
this
essay will present arguments and examples supporting
this
opinion. To start with,
risk
embraces new opportunities.
For example
, in business anyone who wishes to launch a start-up or expand an existing company
,
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has to take certain
risks
including taking a bank loan or using personal savings with no guarantee of return on investment, diversifying product range and entering a new market. Stagnation never pays off. If one wishes to make a major breakthrough and achieve financial success,
then
they have to take
risks
. Another example of running a
risk
is taking up extreme sports.
This
has a lot of advantages too
such
as boosting one’s confidence and enhancing fear management skills
in addition
to pushing oneself to physical limits. Overall,
risk
pushes one out of their comfort zone and enables progress and success
both
in personal and professional
life
.
On the other hand
, just as there can be benefits to taking
risks
in various ways, there are
also
some evident disadvantages. Living riskily can negatively affect one’s
life
in a few different ways. In business, while you want to take
risks
, sometimes too many risky investments can cost you so much that it becomes impossible to continue. Unnecessary
risk
-taking can cost you financially in other ways, too. Sometimes people take a
risk
simply by avoiding budgeting or living within their means. Impulse purchases may seem exciting and adventurous, but over time they will gradually eat away at one’s finances and endanger stability in personal
life
. To conclude, regardless of some obvious disadvantages, I believe that taking
risks
is beneficial as enables us to become more confident and achieve success
both
at work and in a personal context.
Submitted by natalia.bagdavadze on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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Topic Vocabulary:
  • Opportunities
  • Growth
  • Innovation
  • Challenges
  • Self-discovery
  • Resilience
  • Uncertainty
  • Consequences
  • Calculated risks
  • Stagnation
  • Regret
  • Comfort zone
  • Entrepreneurship
  • Adventurous spirit
  • Thriving
  • Failure
  • Mitigate
  • Reap the rewards
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