The maxim "The higher the risk, the greater the reward" is not new to you.
We must all encounter risk in our lives since it entails taking a chance, attempting something new, and perhaps failing or succeeding. One of the most important strategies for developing one's abilities and acquiring experience is to take risks. Envision a world in which nothing changed, everything was secure, everything was simple, and—most importantly—no one failed. Without danger, how would we develop, learn, and adapt? 
Even while failure is a common consequence of risk—which could be unsettling—we all need to fail in order to improve.

Thomas Edison is credited with 1,000 failed efforts to create the light bulb. Nevertheless, he realized he got the expertise required to eventually turn his idea into a reality and chose not to see those as failures. In a same vein, we must view our unsuccessful endeavors as exercise or a teaching moment and apply what we've learned to improve ourselves and learn from our errors. 

Making a risk-taking decision or not?
When choosing whether or not to take a risk, there are several things to think about. Recall that no one can force us to accept a risk we are not comfortable with.
We don't always give things a lot of thought. That may occur in a matter of seconds, particularly when we're forced to choose quickly!

We only reach our goals and dreams by taking chances.“Win or lose, if you believe in your heart you did the best you could, you’ll be able to live with your results. But if you shortchange yourself with a half-hearted effort and fail, regret will be part of your baggage for the rest of your life.” – Lou Holtz, national championship-winning head coach at Notre Dame, college football TV analyst, and the only coach to lead six schools to bowl games.