What Is a Risk Assessment? My Tips and Best Practices [+ Free Template]

No matter what you do for a living, you deal with all kinds of risks daily — whether it’s operational hiccups, financial uncertainty, or potential reputation hits.No matter what you do for a living, you deal with all kinds of risks daily — whether it’s operational hiccups, financial uncertainty, or potential reputation hits. But it’s the unexpected curveballs you don’t see coming, like a sudden cybersecurity breach or equipment failure, that really shake things up. Trust me; I’ve been there. That’s where a risk assessment comes in. With it, I can spot, analyze, and prioritize risks before they turn into full-blown problems. I can get ahead of the game, so that when the unexpected strikes, I already have a plan in place to keep things under control. In this guide, I’ll share tips for running a risk assessment in five easy steps. I’ll also feature a customizable template to help you sharpen your decision-making. Table of Contents What is a risk assessment? Purpose and Benefits of Risk Assessments When should you conduct a risk assessment? Types of Risk Assessments How to Conduct a Risk Assessment for Your Business Free Risk Assessment Template What is a risk assessment? A risk assessment