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?

In

this

moder

Correct your spelling

modern

era, taking plays a vital role in every individual professional and private life. Thought taking chances gave us failure sometimes

as well as

success. In my personal opinion, I think that the merits outweigh the demerits. On the one hand, in

this

fast-paced life, every day includes taking chances in both personal and business life. The main advantage of

this

is that people will enhance their skills, develop new opportunities and

lastly

it teaches them.

Moreover

, taking risks means being out of your comfort zone and thinking out of the box.

For example

, in professional lives, starting a new venture in

this

cut-throat competition will lead to success and financial stability or low liquidity which results in diminishing their start-up

and

Correct word choice

apply

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additionally

, in private lives, the person who is deciding to go abroad for their higher studies involves lot of risk as in future they cannot predict whether they would be successful or not because it involves culture differences and change in environment.

On the other hand

, there are significant disadvantages like when people take risks and if they lead to failure there are chances for loss in reputation and

also

financial loss.

For example

, if the individual resigns from a reputed position to only follow their passion there will be an occurrence of unforeseen circumstances which can cause ample amount of loss or uncertainty. In conclusion, some pros of taking risks will develop confidence, potential and generating ideas.

However

, failure teaches us about the mistakes that are made which help us to succeed in the future. I think that

due to

the above-mentioned factors, the advantages outweigh the disadvantages.