It Pays to Take Risks. Discuss.

Topics: Risk, Uncertainty, Decision making Pages: 2 (774 words) Published: April 1, 2013
It pays to take risks. Discuss.
Taking risks are important. They help to shape various events in our lives. Even at a young age, we will encounter moments where we must decide whether to take the risk or not. For instance, by deciding to ride a bicycle, we risk falling off the bicycle and hurting ourselves. We benefit a lot from taking risks as we, in the process, would learn from our new experiences and perhaps even produce something that could benefit the world. However, without taking that risk, we would never gain the ability to ride a bicycle. As we grow older, at some point in our lives, we would have to face decisions that involve, perhaps, very big risks; decisions that impose us to go to lengths that we have not ventured into. Yet, it is with these risks that allow us to make better decisions and hence choose what is best for ourselves. Taking risks has its shortcomings. One of the most common reasons why people choose not to take risks is because it is dangerous – one may need to face uncomfortable setbacks in the process. Taking risks requires people to get out of their comfort-zones, out into the open to do things that are distressing to them. By definition, to risk means to be exposed to the chance of injury or loss. Often, people do not take the risk due to fear of failure or humiliation. Therefore, when people take risks, they often need to lose something in one way or another. In addition, whenever we take risks, there is a higher chance of failure because we are doing something that we have not done before. There are many things that are still alien to us out there in the world, therefore we would not know what the outcome will be if we were to venture into that area. Anyone brave enough to risk it by putting his all into that field of work faces a huge loss should he fail. Steve Jobs is one prime example. He started out with nothing, but slowly built his way upwards to success. It was hard work and he could have lost everything with one...
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