Risk analysis means paying attention to the external environment surrounding your business to ensure that something that cannot be controlled is being monitored. You will want to mitigate risks and have ample time to develop a plan to protect your business. A good entrepreneur is not one extreme or another in terms of taking risks; they can just manage risks by making smart decisions and developing strategies.
Topic Objective: Understanding the external environment on your business.
Your Outcome: A clear picture of the risks in your business.