Risk is only effectual based on your level of planning and structuring. Risk is a word if over looked will be a roadmap for growth.
Let me justify then come back to our question.
Take a moment and imagine that Business in it fullness.
Seeing all what it takes to build and run a successful business. Getting to engage with friends and family to help you put up that structure.
Do you know unconsciously, you will solve every past, present and future risks.
How does this happen?
If you go back to the history of failed Businesses you will notice the founders will always blame their failed businesses on finance, the tax system, lack of good communication.
But the real problem is not the above, it is actually lack of proper planning for execution.
Remember the position and skills of a CEO?
Most small business owners think they are executives, little do they know that they are the main RISK their Business will face in a later date.
Essentially, focus the energies for risk on planning, researching and training to better understand your business.
Then you can take your time to understand what is truly RISK as far as your sector is concern.