Operational Risks: These include disruptions in day-to-day operations, such as machinery breakdowns, supply chain issues, and human errors. Financial Risks: These involve exposure to financial losses due to market fluctuations, credit risks, and liquidity problems. Strategic Risks: These are related to business decisions and strategies that could fail, such as entering a new market or launching a new product. Compliance Risks: These arise from failing to adhere to laws, regulations, and industry standards.