Week 26 (Day 3): Risk Assessment
Day 3: Understanding the Basics of Risk Assessment
Week 26 Day 3 Action Plan
Today, we explore the fundamental concepts of Risk Assessment, unraveling key components and understanding their significance in safeguarding your business.
Take Action: Mastering the Basics of Risk Assessment
Familiarize yourself with common business risks (e.g., financial, operational, strategic).
Understand how to assess the likelihood and impact of identified risks.
Helpful Tip:
A thorough understanding of your business risks is the first step toward effective risk management.
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What areas of potential risk exposure did you identify in your business?
