opportunities have been identified, risks are usually
associated with capitalizing those identified business opportunities.
important to identify any risks associated with setting up a business.
This also applies in the case of an existing business that intends to
expand, diversify or grow. The identification
of risks helps you come up with contingencies to
mitigate the risks. Risks include financial risks, market risks,
operational risks, human resource risks, economic risks, technological
risks and other risks. Given below is a
list of factors to look at when identifying and assessing risks.