Risks

Risks are the chances that something might go wrong and cause a problem or loss. They are uncertainties associated with an activity, decision, or situation that could lead to negative outcomes, such as financial loss, damage, or harm. Understanding risks helps individuals and businesses prepare, manage, or avoid potential issues by assessing what’s at stake and implementing strategies to reduce the likelihood or impact of these problems. Essentially, risks are the potential obstacles or dangers that come with any action or decision.