Create a Risk Management Plan for a new business project, such as opening a restaurant or starting an online store. Thisplan should begin by

conducting thorough market research to identify both the internal and external factors that could impact the business. Following this, evaluate

the likelihood and potential effects of each identified risk.

The plan must also detail steps to minimize the chances of these risks occurring or to lessen their impact if they do happen. This includes

continuously monitoring and keeping track of all identified risks and being ready to adjust your strategies as necessary.

Additionally, the plan should examine the financial prospects of the venture, include a SWOT analysis $($Strengths$,$ Weaknesses, Opportunities,

Threats$),$ consider options for transferring some of the risks $($for example, through insurance$),$ and ensure the plan is clearly communicated to

potential investors or other stakeholders.