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

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It is frequently claimed that in a fast-changing world the best strategy not to fail is to take
risks
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.
Therefore
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, some believe that
risk
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-takers succeed
both
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in their personal
life
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and at work, while others think the opposite. I believe that taking
risks
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has
both
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positive and negative sides,
however
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, the former outweighs the latter and
this
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essay will present arguments and examples supporting
this
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opinion. To start with,
risk
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embraces new opportunities.
For example
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, in business anyone who wishes to launch a start-up or expand an existing company
,
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apply
show examples
has to take certain
risks
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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
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they have to take
risks
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. Another example of running a
risk
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is taking up extreme sports.
This
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has a lot of advantages too
such
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as boosting one’s confidence and enhancing fear management skills
in addition
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to pushing oneself to physical limits. Overall,
risk
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pushes one out of their comfort zone and enables progress and success
both
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in personal and professional
life
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.
On the other hand
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, just as there can be benefits to taking
risks
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in various ways, there are
also
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some evident disadvantages. Living riskily can negatively affect one’s
life
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in a few different ways. In business, while you want to take
risks
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, sometimes too many risky investments can cost you so much that it becomes impossible to continue. Unnecessary
risk
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-taking can cost you financially in other ways, too. Sometimes people take a
risk
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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
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. To conclude, regardless of some obvious disadvantages, I believe that taking
risks
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is beneficial as enables us to become more confident and achieve success
both
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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

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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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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