risk management

What are the Common Risks Faced by Entrepreneurs?

1. Market Risk: Changes in market conditions, consumer preferences, or competition can impact the business.
2. Financial Risk: Involves issues related to cash flow, funding, and financial management.
3. Operational Risk: Includes risks associated with day-to-day operations, such as supply chain disruptions or technology failures.
4. Strategic Risk: Risks related to the business model, strategic decisions, or long-term goals.
5. Compliance Risk: Legal and regulatory risks that can arise from non-compliance with laws and regulations.

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