"Success Comes with Risk Taking: How Can Risk Taking be Advantageous to Someone?"
Success is often accompanied by risk. When we think about successful people, we tend to think of those who took daring decisions, defied conventions or even broke rules. Risk taking can be seen as the backbone of success in many cases, and this is not a coincidence. Whether it is in personal or professional lives, those who are willing to take risks, embrace challenges and deal with ambiguity are more likely to succeed. However, risk taking can also be very dangerous, and it can lead to severe repercussions. So the question arises, does success come with risk taking? If so, how can risk taking be advantageous to someone? In this essay, I will analyze the correlation between success and risk taking, and how it can be advantageous for someone.
To begin with, risk is an inherent part of every human activity. The very nature of life involves taking risks. From the moment we wake up until we go to bed at night, we are taking risks. Yet, risk taking is often associated with negative outcomes such as failure, mistakes, loss, and even danger. Consequently, many people tend to avoid taking risks altogether, fearing what might go wrong. However, avoiding risks does not necessarily translate into success. As a matter of fact, playing it safe can lead to a mediocre lifestyle, and as the saying goes, "No risk, no reward."
On the contrary, taking risks can be very advantageous to someone. One of the most apparent benefits of taking risks is that it can enhance our self-confidence and resilience. When we decide to take risks, we are also deciding to face our fears and uncertainties. We stretch beyond our comfort zone, and this enables us to identify our true potential. Moreover, the experience of taking risks can also teach us valuable lessons about life. Failure and mistakes can lead to personal growth and development if we learn from them.
Furthermore, risk taking can lead to innovation and progress. Some of the most significant advancements in history were made by those who took chances and were willing to think outside the box. In the business world, for instance, entrepreneurs are often required to take risks in order to start a new venture or bring a new product to market. Without taking risks, businesses cannot evolve or grow. By taking risks, entrepreneurs can create new job opportunities, and ultimately contribute to the economy's overall growth.
Risk taking can also lead to better decision making. When we take risks, we are forced to evaluate our options deliberately, weigh the pros and cons, and ultimately make a decision. This process helps us become more analytical and strategic in our thinking. Moreover, when we take risks, we are often more open to alternative solutions and ideas. We learn to think creatively and come up with innovative solutions to problems.
To sum up, the correlation between success and risk taking is undeniable. Although taking risks may seem dangerous, it brings enormous benefits in the fields of personal growth, innovation, and decision making. If we choose to take risks, we will inevitably face failure and setbacks along the way, but we will ultimately gain a sense of confidence and resilience that will be invaluable in our lives. So, while it may be tempting to avoid risks and play it safe, it is essential to remember that success often comes with a price, and taking risks is often that price.
Citation:
Jain, A., Rajhans, G., & Lata, S. (2016). Role of risk-taking in entrepreneurship. 2016 9th International Conference on Contemporary Computing (IC3), 1-6.
Park, Y. (2019). Risks worth taking: Understanding financial entrepreneurship and innovation. Journal of Business Research, 98, 365-378.
After taking a successful risk, what's next?
Risk-taking is an essential aspect of life. It involves stepping outside of one’s comfort zone and taking a leap of faith into the unknown, with the hope of achieving something great. Whenever individuals decide to take risks, the outcome is undetermined, and the fear of the unknown can be overwhelming. However, once individuals take the risk and it turns out successful, they undoubtedly feel thrilled, excited, and proud of themselves. But then what? What should they do next? Do they bask in the glory of their success and relax, or should they look for bigger and better opportunities, using their newfound confidence to tackle even more significant challenges?
Following a successful risk, the next step for an individual is to assess the accomplishment and determine if the risk was genuinely worth it. Individuals must examine the results, the impact, and the benefits they derived from taking the risk. They must evaluate if the returns justify any costs they paid to take the risk and determine if there is more they can gain from it. If the risk turned out to be beneficial, then the individual should use it as an opportunity to build on the momentum and continue advancing towards further goals. They should seek to identify the things that made the risk worthwhile and try to replicate them in future endeavors.
Furthermore, after a successful risk, individuals must use any lessons they learned from their experience moving forward. They can build on their learnings and experience and try to avoid any mistakes they made in the past. They must continue to develop the skills that they used in taking the previous risk and apply them to new opportunities that come their way. This way, individuals can continue to develop their talents and improve their abilities.
Moreover, individuals who take risks are often perceived as being confident and self-assured, and a successful outcome can enhance their self-belief. Following a successful risk, individuals must focus on building on their newfound confidence and using it as a stepping stone to tackle even more significant challenges. They should create new and more comprehensive goals that stretch them and push them to their limits. Setting new goals can keep individuals motivated and help them stay committed to their vision.
In addition, individuals who take risks must try to maintain a humble and confident attitude. Success can be intoxicating, and it can be tempting to let it get to one's head. However, remaining grounded and open to feedback can be instrumental in continued growth and development. Listening to others and accepting criticism can foster growth, leading individuals to take even more significant risks in the future.
Finally, individuals who take risks must be aware of the risks' inherent risks and never become complacent. Even after successful endeavors, new risks may arise that they must be prepared for. They must be open to change and flexible, as their goals and priorities can shift, just as opportunities can present themselves unexpectedly. In addition, it's crucial to remember that risk-taking is not a one-time event. It is a continuous process that requires hard work, dedication, and a willingness to put oneself out there.
In conclusion, taking risks is never easy, and the uncertainty that comes with it can be daunting. However, individuals who take chances and succeed in their pursuits must use their achievements as an opportunity to learn from their experiences, build confidence and self-assurance, and set their sights on even more significant goals. While previous risks can give individuals the necessary momentum to succeed in even broader endeavors, it's essential to remain grounded and open to feedback, flexible, and prepared for any new obstacles or challenges that come their way. In essence, after taking a successful risk, the possibilities for growth are endless.
Works Cited
Brenninkmeijer, J., & Van Yperen, N. (2019). The Paradox of Success: A Mixed-Methods Study on Success Factors and Psychological Risk Factors After Achievement. Journal of Occupational Health Psychology, 24(1), 31–47. https://doi.org/10.1037/ocp0000128
Hammersley, M. (2019). The Art of Risk: The New Science of Courage, Caution, and Chance. Basic Books.
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