Quote from: Smack That Ace on Today at 09:52:28 AM

Quote from: CageMabok on April 09, 2024, 04:28:32 PM

Quote from: betswift on April 08, 2024, 08:58:16 AM

The perspective shared is that while risk entails the potential for loss, it’s an unavoidable element of life and business. Embracing risk opens up possibilities and opportunities for growth and success. Historically, successful entrepreneurs and business figures have been notable risk takers. This approach suggests that confronting and managing risks is preferable to avoiding them, emphasizing the transformative power of risk in achieving potential and discovering new avenues for success.

Avoiding risks is not a good option for entrepreneurs and business figures because they all know that when they start a business at any level, of course they are very aware of the risks that they must manage well before achieving success. Because the process of achieving success does have stages that entrepreneurs and business figures need to go through because this does not come instantly in any business. So it is true as you said that managing risk is much better than avoiding taking any risks in the business we run.

But there are also types of risks that we need to avoid, not necessarily that we have to face all risks. If we are startups, we can obviously accept all risks, but when we have achieved certain achievements and successes, we need to manage risks as well as avoid unnecessary risks. Each stage of a startup will have different risks and challenges and we need to manage that well, we should not accept any challenges without research when we are in a better position.

If you are smart and know when to face risk, that's exactly what you need to do. Facing all the risks does not mean we will have more rewards or the success that we are expecting to have. Being smart is needed to know when to face and avoid the risks that will come to our lives. Only face the risk if we know what we are doing and not to face the risk just because it suddenly comes in front of us.