The last time I spoke about the importance of taking at least ONE calculated risk in life, my parents looked at me like I had two heads!

The incredible thing about life is that you just never know what might be waiting for you around the corner. I wasn’t sure how to communicate this with you in terms of business prospects. So I called on one of the UK’s #1 Motivational Speakers, Vinay Parmar to help me out.

Vinay speaks…

The idea of being your own boss is appealing. Being in control of your own decisions and being in charge of your own destiny is a dream worth pursuing for many. But if you’re going to be successful as an entrepreneur, you have to be prepared to take risks.

Here are 5 reasons why it’s important to take risks in business.

 

You Will Become A Better Version Of You
When you take risks it pushes you outside of your comfort zone and this is when you really develop as a person. You’ll have to learn new things, skills and will get exposed to new ideas, which will make you better in the long run.

You Will Discover More Opportunity
Playing it safe limits the number of opportunities you get as there is more competition. However, when you are prepared to step out and do what others won’t do you will find more opportunity as there’s less competition.

You Will Fail More And That’s A Good Thing
Not all the risks you take will work out but you will learn more from trying than from standing around wondering ‘what if?’Most successful entrepreneurs and business owners have failed a lot more than they have been successful.  Remember, there is no failure only feedback.

You Will Be More Innovative
When you have a successful business it can become easy to keep things as they are but sooner or later someone will come along with a better idea than you…unless you do first. Taking risks in your business means that you will be naturally more innovative in your approach and generate more ideas.

You Will Be Better At Letting Go
In order to move forward, you have to stop holding on to the way things are and learn to let go. When you think about it, taking a risk is really about letting go. You are giving up a sense of certainty and reaching for the unknown, which can actually be more exciting than it sounds.

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