We see successful entreprenuers quoting their success mantra to be the ability to take risk in life. Is risk-taking the success raazz. It might be seen that even if you take risk it is not necessary that you succeed in any venture/business. Well there are can be various aspects which need to be taken into consideration while you take risk. Effective planning precedes or rather is a mojor part of risk taking, because when you take risk you need to plan a number of alternative ways in which you can make your work success. It includes finding alternative ways or alternative plans to achieve your goal. It is like if your plan A dosent work its time for you to play your plan B. After all is risk taking the first step to success or is it just myth and there are other ways round to achieve sucess in life.