Week 27 Day 4 Action Items

Day 4

• [ ] Identify potential risks or scenarios that could impact your business operations.
• [ ] Develop a list of strategies or actions to counteract each identified contingency scenario.

The Cost of Risk

Last week you created a risk assessment of your highest likely most impactful scenarios to your business. Today, consider the cost associated with those risks. Would it make practical sense to create an additional buffer amount in your emergency fund to cover an impactful highly likely risk? List out each risk and consider a cost impact. Add a value to each risk you add to the list.

1. Risk 1
2. Risk 2
3. Risk 3
4. Risk 4
5. Risk 5

Create a Goal

Determine an amount of money you would like to add to your emergency fund goal to help offset these risk in the even they might happen.

• Additional emergency fund buffer for risk exposure: