4 Truths About Taking Risks

According to Wikipedia, Risk is the possibility of losing something of value, such as physical health, social status, emotional well-being or financial wealth which can be gained or lost when taking risk resulting from a given action or inaction, planned or unplanned

Many of us are afraid to take one first step because of previous painful experiences we have had in the past. I understand how difficult it is to take risk especially in business, but I still encourage everyone of you to move forward in life. Take each day as a new day and step out, even if you are scared as you do it.

In this article, we will understand four truths about taking risks in life:

1. Taking risk is not the same as gambling: Sometimes I get puzzled when youths try to justify gambling by comparing it with risk taking in business. Now, you need to draw a thin line between risk taking and gambling.
The former has to do with careful planning, with adequate research and deliberate investigation, while the latter has to do with throwing caution to the wind.

2. Risk Taking will cost you more than your anticipation: Your expectations might not be met while taking risk but the experience gain is worth the investment.

3. Risk Taking provides clarity:  Taking risk exposes your weakness and also bring out the best in you. What you value most, your passion and purpose in life will be revealed to you.

4. If you don't take risk just to please people, it will backfire quicker than you expected: Don't let discouraging voices stop you from making an attempt. People will say you will fail but at the end of the day, you will regret not taking that risk and develop your potentials.

We should not be discouraged to make a bold step in life. It is better to take risk even if we fail to achieve something but gain experience, than do nothing and still not achieve anything.