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

Nowadays there are many
risks
in
people
's lives from
both
personal and work that
people
should take.
This
essay will examine
both
advantages and disadvantages of taking
risks
. From my perspective, I strongly believe that the benefits of taking on risky challenges far outweigh the drawbacks. On the one hand, there are several drawbacks to taking
risks
as the outcomes are unpredictable.
Firstly
, risky actions could lead to
the
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financial loss which can be founded in
both
personal and business activities.
For
example
, if
people
invest in the wrong stocks, they will lose too much money. Meanwhile, the business sectors will
also
face
this
issue if they invest many resources to develop new products but the customers do not purchase their products.
Secondly
, some failed results from taking
risks
might ruin entire
people
's lives.
For
example
, in South Korea, many young individuals quit school because they would like to be trainees in entertainment companies and they hope to debut as singers. Unfortunately, not all of them can achieve their dreams.
On the other hand
, there are many benefits from taking challenges which far outweigh those disadvantages.
First
of all, innovations and technology will not be created if no one gets out of their comfort zone.
For
example
, Bill Gates decided to quit university to invest and set up Microsoft company and
this
company has become a main player in the technology industry which has changed the world over a few decades.
Furthermore
, even if
people
choose to not take
risks
, it is still a risk to fail anyway. Looking at the Blackberry phone case as an
example
, the Blackberry company decided to not develop the smartphone as they believe in their chat feature.
However
, they cannot survive in the market as their customers choose to replace their old blackberry phones with smartphones
instead
. To conclude, taking
risks
is important for
both
professional and personal aspects. I strongly believe that
people
should take risky options as they can lead individuals to better outcomes and greater success.
However
,
people
should
also
consider the worst-case scenarios that could happen before they decide to get out of their comfort zones.
Submitted by PIMFUNSUK on

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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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