Taking risks in business does not mean going into business blindly and then expecting great results. On the contrary, taking risks in entrepreneurship involves careful planning and hard work.

Nobody can really be sure if risks will be met with success, no matter how calculated they may be. But this should not stop you from taking risks, as risks are necessary if you want your business to succeed.

Some risks may not work out, but an optimistic risk-taker will always look at failure as an opportunity to learn. The willingness to experiment with new ideas is key to business growth. As the old saying goes, “nothing ventured, nothing gained.”

Failure will teach you how to think and plan strategically. But just remember that not all risks are good ones, and when you fail, learn from it and move forward.

Since most people tend to avoid risk, businesses that are brave enough to take risks already have a competitive advantage. They are the ones setting the standard with new ideas, fresh offers and bold inventions. Risk-takers are best at adapting in difficult times. Simply put, when most individuals stay away from risk, it means less competition for risk-takers. We don’t know if you’ll achieve what these risk-takers have achieved, but for as long as you want to stay safe and for as long as you’re content with where your business is right now, you will never find out.