What are the largest risks to your small business? Do you have plans in place to reduce those risks?
Risk cannot be eliminated but it can be managed. The following tool is a way to record, prioritise and monitor individual risks so that you can reduce their impact on your business.
Step 1: Identify risks
A risk is an uncertain event that if it happened would negatively affect your business.
Brainstorm across every aspect of your business to identify all significant risks. Consider both internal and external risks.