Skip to main content
Risk Management Plan

A Risk Management Plan identifies possible risks to the business, both internal and external. 

As a business owner you should identify:

  • what risks may impact your business 
  • rank the probability of it happening 
  • work out what you will do if the risk happens

Some key areas to consider are:

  • taxation
  • legal and Regulatory
  • marketing
  • operational
  • financial
  • staff
  • changes in the Market
  • customer Buying Habits
  • self
  • technology

What do you need to identify?

  • what the issue is
  • probability i.e., High, Medium or Low
  • action or preventative measures to be taken to minimise risks
  • who is responsible for managing that risk
  • cost to implement