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?

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It is a vital topic in terms of taking
risks
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as it includes both advantages and disadvantages. People take
risks
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in their professional lives and personal lives which
lead
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leads
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to both success and failure.
However
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, I believe that taking
risks
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has more advantages than drawbacks. In terms of advantages taking
risks
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can improve personality as it requires a lot of courage.
For example
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, if someone needs to give up their current job and start a new business it needs courage, which improves their personality.
Secondly
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, it is a great way to get experience. For an instance, they are many people who migrate to other countries hoping to start new lives. Even though it is a
risk
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to live in another country,they have the chance to experience different cultures and traditions.
Further
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, in terms of businesses which should be taken to increase their sales. As an example, a famous biscuit producer had taken the
risk
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of introducing new cookies which dramatically increased their sales.
On the other hand
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, sometimes there are cases that taking
risks
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backfires. One disadvantage is the feeling of disappointment. To give an idea, a company built a luxury hotel on an island near Indonesia knowing the place has the
risk
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of earthquakes, and it collapsed during construction. The owner got disappointed and suicide the very next day.
Also
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, the failure of taking
risks
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can directly affect unpleasant experiences in personal life.
For instance
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, imagine taking a loan during an economical crisis could drop people down completely with inflation and taxation.
To conclude
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, I personally believe that taking
risks
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can bring more benefits rather than drawbacks. It is
also
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a good approach if we can do a
risk
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assessment prior to taking action which definitely returns a good result taking a
risk
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.
Submitted by dmdeemanthakasun 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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