Identification should include personal, financial, and market risks. It should reflect research data about similar businesses that describe risks specific to the industry/market involved.
Process/Skill Questions:
- What is the benefit of studying the competition when assessing the risk of a business startup?
- Are entrepreneurs risk takers by nature? Why, or why not?
- What are the effects of undercapitalization?
- What types of businesses are most likely to fall victim to crime? Why?
- What is the greatest risk to business owners? Why?