Class-Managing a sustainable small business Book-Entrepreneurial small business Katz&Green 4th ed

Identify and explain three types of risks that small business owners must consider to protect their ventures and explain why having a risk management plan is important to manage risk proactively.

Explain why the risks you identified are important and the implications if the risks are not managed or if there is no plan to do so.

Provide your recommendation on how to manage the types of risks that you have identified.