To mitigate risks associated with expense forecasting, entrepreneurs should: - Use Conservative Estimates: Opt for conservative estimates to avoid underestimating costs. - Incorporate Sensitivity Analysis: Test different scenarios to understand how changes in assumptions impact your forecast. - Engage Experts: Consider consulting with financial experts or utilizing financial software to enhance the accuracy of your forecasts. - Monitor and Adjust: Continuously monitor actual expenses against your forecast and make necessary adjustments promptly.