8 Business RISKS YOU MUST TAKE IF YOU WANT TO BE RICH AND FREE

Believe me when I say, “Rich and successful people are not born, many of them grow from nothing to who they are today.” Whether you are rich or poor, both outcomes are the result of your actions. According to research, 80% of the richest and most successful people in the world today were born poor and built their wealth from scratch. One common trait among them? They take risks. Here are eight crucial business risks that you can emulate to achieve success.

1. One of the Business risks to practise is Stepping out of your comfort zone

Success in anything begins with stepping out of your comfort zone. This isn’t just a phrase—it’s a mindset shift that requires a lot of courage. Think of it like venturing into an unknown forest; challenges will confront you, but with every step forward, you grow stronger.

Take my own journey, for instance. When I left my steady job to launch Digital Ninjas Cloud, it felt like diving into the deep end of uncertainty. Sometimes I could wake up at nigh and ask myself if I could really make it. Is it really worth it? And many more questions. However, as a dedicated freelancer and entrepreneur, I’ve discovered that stepping out of what’s familiar is the key to unlocking your potential. I invite you to take that leap today. Imagine that in two to three years, you could be leading a successful business because you took a chance today.

2. Enduring Failure

Most people only see the end result—wealth and freedom—but they rarely notice the failures behind that success. In the book Failing Forward, it is explained that failure actually brings you closer to your goals because it teaches you what doesn’t work.

Like Thomas Edison, who failed 10,000 times before inventing the light bulb, I too faced rejection and business failures for 1 full year before finally finally landing on a freelance idea that brings in an income. The lesson is clear: the more you fail, the more you learn. Successful entrepreneurs, including myself, understand that persistence in the face of failure is non-negotiable.

When we’re kids, we learn quickly because we don’t fear failure. We play different games, build castles, make mistakes, and try again without worrying about judgment. But as we grow older, the fear of failure starts to set in. We become more aware of what others think, and this fear can stop us from taking risks or trying new things.

To overcome this, we need to change how we see failure. Instead of seeing it as something bad, view it as part of the learning process. Every mistake teaches a lesson and helps you grow. Start with small steps toward your goals, so the fear of failure feels less overwhelming. Focus on progress, not perfection.

Finally, surround yourself with positive people who support and encourage you. Avoid comparing yourself to others and visualize success instead of worrying about failure. Be kind to yourself and remember that mistakes are normal. With the right mindset, you can push past fear and keep growing.

3. Loneliness

The path to success is often a lonely one. If you thing your close friends or relatives will be your best business supporters, you are dead wrong! Entrepreneurs frequently find themselves alone because their vision is too big for others to understand or let me say too silly for your so called family members to support it. If you’re losing friends, or family member as you pursue your goals, take heart—it’s often a sign you’re progressing.

I have felt this loneliness firsthand while building Best Digital Ninjas. At times, it seemed like I was the only one who believed in my vision. One thing that kept me going is the first and second clients I got. They really gave me great courage to never shutt-down the business becasue of all the benefits they were recieving from our service. It’s their feedback that taught me to trust my instincts and move forward regardless of the opinions of others.

4. Adapting to Discomfort

Gold must pass through fire to shine, and similarly, you must confront hardships to achieve success. Embracing discomfort is essential for growth; it teaches you resilience and adaptability. In my early days, I faced tough decisions—balancing a desirable lifestyle with the need to invest in my business dreams. Those challenging moments refined my character, preparing me for the greater successes that lay ahead.

As a freelancer, you often encounter tight budgets, demanding clients, and long hours. While these experiences can feel overwhelming, they are temporary phases in your journey. Each challenge you face is an opportunity to build resilience, a critical trait that will serve you well in the long run. Remember, every successful entrepreneur has endured their share of difficulties before reaching their goals.

The rewards of your persistence may take time to manifest, but the payoff is worth the struggle. As you navigate through the discomfort, keep your vision clear and your goals in focus. With dedication and hard work, the sacrifices you make today will lead to a more fulfilling and prosperous future, much like gold that emerges radiant after enduring the fire.

5. Being Single till you make it!

Sorry guys. I just want to disclose why I have few friends. For your case, I don’t know! I believe success is not a solitary journey, but it does require discernment when it comes to relationships. Toxic relationships—whether personal or professional—can drain your energy and hinder your progress, making it difficult to stay focused on your goals.

Early in my career, I realized that the people around me can either propel me forward or hold me back. I realized that, while it’s essential to connect with others, it’s equally important to protect my dreams from those who may not share my vision or who bring negativity into my life.

Instead of settling for relationships that limit my potential, I seek out individuals who uplift and inspire my journey. Surrounding yourself with people who challenge you to be better creates an environment of growth, allowing you to continuously improve. These relationships provide not only support but also accountability, pushing you to keep moving toward your dreams. Whether it’s a mentor, a friend, or a partner, the right people can make the journey to success more fulfilling and meaningful.

At times, the pursuit of success might mean stepping back from relationships that are toxic or not aligned with your ambitions. It’s better to be single and focused on your dreams than to be tied to someone who drains your enthusiasm and holds you back. Being selective about who you allow into your life ensures that your path remains clear and that your energy is dedicated to growth, not recovery from negativity. Ultimately, the right relationships will enrich your life, but it’s up to you to choose wisely.

6. Starting a new fresh journey Again

Sometimes, success means recognizing that you’re climbing the wrong tree while trying to harvest the sweetest fruits. And having that courage to try another tree is the best practice. I’ve experienced this with my digital business, realizing that some digital products or services weren’t what my customers wanted. Instead of giving up, I went back to the drawing board and started creating some new digital products that my clinets need the most.

Freelancers, and especially the new people who are just starting out, face this challenge. Imagine offering a service for years only to realize it’s not profitable. Starting again feels daunting, but it’s part of the journey. In two or three more years, this ability to pivot could lead to your breakthrough. Don’t just give up too soon!

7. Being Rejected

Rejection is inevitable, but it’s important not to let it paralyze you. When I first my first Web design clinets even before starting Digital Ninjas Cloud, I faced countless rejections. Yet, each “no” brought me closer to the right opportunity.

Learn to share your skills or ask for help, and don’t take rejection personally. It’s a natural part of the journey. Each “no” brings you closer to a “yes,” so embrace the process and keep moving forward. Growth often comes from resilience in the face of challenges.

8. Burning the Bridges Behind you!

I watched a film a few years ago where the actors burned the bridges behind them to symbolize that they were committed to their mission and had no intention of turning back untill the mission is accomplished. This is a powerful lesson for entrepreneurs. When you start a business, it’s important to fully commit to your goals. Burning the bridges means cutting ties with distractions or doubts that could lead you back to a life that doesn’t align with your dreams.

As entrepreneurs, we face many challenges along the way. Sometimes, it’s easy to think about giving up when things get tough. However, by focusing on our mission and staying dedicated, we build resilience. This means that we learn to overcome obstacles instead of retreating to our comfort zones. Just like in the film, committing to our goals encourages us to push forward, even when the path gets difficult.

One of the most powerful traits of successful people is the ability to focus on one activity until they succeed. Many people fail in life because they jump from one idea to another, never giving enough time for any of them to flourish.

For me, it was choosing to fully commit to digital business opportunities and burn my bridges to other distractions. This single-minded focus is what ultimately led to my company’s growth. If you’re a freelancer, ask yourself: Are you spreading yourself too thin? Focus on one path and stick with it.

A Final Word

Every freelancer and aspiring entrepreneur faces a pivotal moment. Taking these risks will likely feel uncomfortable and daunting at first, but if you understand that you will always face a lot of challenges in life either you take these risks or not, taking action now is the best option.

Did you ever asked yourself where will you be in two or three years if you act now? I can tell you from my own experience: those who dare to take these risks today are the ones who find themselves rich, free, and in control of their destiny in the future. Don’t be afraid to take that first step. The rewards are worth it.

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Reach out to us at support@digitalninjascloud.com or WhatsApp +254 790 997 505 to learn more about how you can join our reseller program and start earning!