Business Risk Identification and Mitigation Questionnaire

Complete this questionnaire to help identify and plan for potential risks in key areas of your business.

Your Contact Information

First Name *

Last Name

Email *

Section 1: Financial Risks

What financial risks does your business face? (Select all that apply)

Cash flow shortages

High debt levels

Inadequate capital or funding

Unexpected high expenses

How prepared are you to manage these financial risks?

Very prepared: I have financial plans and reserves in place

Somewhat prepared: I have some plans but may need more resources

Not prepared: I need to develop financial risk management strategies

Section 2: Market Risks

What market risks are associated with your business?

Changes in customer demand

Increased competition

Technological changes

Economic downturns

Which strategy will you use to mitigate market risks?

Diversifying products/services

Regular market analysis and adaptability

Strengthening customer relationships

Agile business model to quickly respond to market changes

Section 3: Regulatory Risks

What regulatory risks could impact your business?

Changes in laws and regulations

Compliance with new regulations

Legal actions from non-compliance

International trade regulations

How will you manage regulatory risks?

Staying informed through legal advisories

Hiring or consulting with legal experts

Regular compliance audits

Training staff on regulatory requirements

Section 4: Operational Risks

What are the primary operational risks for your business?

Supply chain disruptions

Loss of key employees

Technological failures

Natural disasters impacting operations

What measures will you take to mitigate operational risks?

Developing contingency plans for supply chain issues

Implementing robust HR policies and succession planning

Investing in reliable technology and backup systems

Insuring against natural disasters and other unforeseen events

How often will you review and update your risk management strategies?

Monthly

Quarterly

Annually

As needed, depending on changes in the business environment

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Thank you for completing this questionnaire. Analyzing your responses will help you understand the risks your business may face and prepare effectively to mitigate them. Proper risk management is crucial for the stability and growth of your business.