Week 26 (Day 3): Risk Assessment

Risk Management and Insurance
Written By Brandy Sparkman

Day 3: Understanding the Basics of Risk Assessment

  • Take Action

  • Helpful Tip

  • Free Resource

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.

Free Resource:

Stay in Touch

What areas of potential risk exposure did you identify in your business?

Until tomorrow, happy financial management!

 
Brandy Sparkman
Previous

Week 26 (Day 4): Risk Assessment
Next

Week 26 (Day 2): Risk Assessment