The expression 'risk management' is most often used when considering specific risks - such as fire, theft, investment, etc. However risk management actually applies to every decision you make and every action you take, or don't take, in your business. For that reason a risk management plan or perhaps the risk management element of your business plan is critical for sustained success. When it comes to risk management it's not going to be the things you don't know that will wreak havoc on your business, it's the things you know for sure - that are wrong. A well considered business plan that addresses the risk management element of things will keep you focused of doing the right things right.
http://www.waynemessick.com/business-strategic-development/business-plans-writing-a-risk-management-plan
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