: the act or fact of doing something that involves danger or risk in order to achieve a goal Starting a business always involves some risk-taking.

There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk. Founder risk considers who the founders of the company are, if they get along, and how they will work for the company.

Generally speaking, entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to risk position themselves as leaders, while others get left behind.

Bill Gates: After two years at Harvard, a young Bill Gates took a risk that would end up giving way to the rest of his (wildly successful) career: He dropped out of college to found Microsoft.

A good example of someone who took great risks was Abraham (originally known as Abram). Though the risks that Abraham took were huge, they were measured and balanced because he knew the character of God. He trusted God.

: a person who is willing to do things that involve danger or risk in order to achieve a goal I’m not much of a risk-taker.

Sometimes we take risks because we’re bored and want to ‘spice up’ our lives. In most cases this boredom is the result of some imbalance in how we are living. We may not be using our talents to their full potential and this is when we make bad decisions. It’s natural to want to be liked by our peers.

Cons

• Embarrassment: With any new risk, there is a possibility that you can do the task wrong.
• Injury: Depending on what type of risk you take, you can risk an injury.
• Dislike Your Experience: You tried it out, and you ended up not liking your experience at all.