Risks
Two common types of risks
What is High costs, Scope creep, Lack of Clarity, Streched resources, Operational Mishaps, Time crunch, Low Performance
One common risk response
What is Accepting the risk, Mitigating the risk, Avoiding the risk, Risk transferring
One example of risk tolerence we used in the presentation
What is People betting a lot fo money on the election, Someone who likes to go to the casino, Someone who invests a lot, Someone who drives recklessly, Someone who does drugs
One everyday example of a risk we used in our presentation
What is Poor Posture, Too Much Screen Time, Poor Eating Habits, Excessive Sitting, Excessive alcohol consumption, Lack Of Sleep
One reason risk management is important for entrepreneurs
What is Safety, Financial stability, Better decisions, Good Reputation, Following Rules, Staying Open
The first step of the risk management process
What is Identification