Do you take risks? When do you decide to take it?

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In everything we do, there are risks involved. You can setup a big or small business but it merely depends sometimes on how far can you go? Challenge is also a part of it. Of course, we cannot neglect risks. They say that you can never be successful if you don't experience failures. What if you take a huge risk? Would you expect a possible failure? Do you guys take risks? When do you actually decide to take risks?