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Band 7

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?

#people #risks #lives
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Nowadays there are many
risks
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 in
people
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's lives from
both
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 personal and work that
people
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 should take.
This
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 essay will examine
both
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 advantages and disadvantages of taking
risks
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. 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
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 as the outcomes are unpredictable.
Firstly
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, risky actions could lead to
the
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apply
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financial loss which can be founded in
both
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 personal and business activities.
For
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example
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, if
people
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 invest in the wrong stocks, they will lose too much money. Meanwhile, the business sectors will
also
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 face
this
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 issue if they invest many resources to develop new products but the customers do not purchase their products.
Secondly
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, some failed results from taking
risks
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 might ruin entire
people
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's lives.
For
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example
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, 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
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, there are many benefits from taking challenges which far outweigh those disadvantages.
First
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 of all, innovations and technology will not be created if no one gets out of their comfort zone.
For
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example
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, Bill Gates decided to quit university to invest and set up Microsoft company and
this
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 company has become a main player in the technology industry which has changed the world over a few decades.
Furthermore
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, even if
people
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 choose to not take
risks
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, it is still a risk to fail anyway. Looking at the Blackberry phone case as an
example
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, the Blackberry company decided to not develop the smartphone as they believe in their chat feature.
However
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, they cannot survive in the market as their customers choose to replace their old blackberry phones with smartphones
instead
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. To conclude, taking
risks
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 is important for
both
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 professional and personal aspects. I strongly believe that
people
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 should take risky options as they can lead individuals to better outcomes and greater success.
However
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,
people
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 should
also
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 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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