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Category: Action Plans


Action Plan: Volatile Financial Performance

Here is a sample business action plan for addressing this risk:   Step 1: Conduct a Thorough Financial Analysis Analyze financial statements and identify the root causes of the volatility. Look for trends, patterns, and key drivers impacting financial performance. Assess factors such as sales fluctuations, cost structure, pricing strategies, and cash flow management. This […]


Action Plan: Single-Project Revenue Concentration Too High

Here is a sample business action plan for addressing this risk:   Step 1: Conduct Market and Customer Analysis Identify target market segments and industries with growth potential. Analyze customer needs, pain points, and emerging trends. What gaps and opportunities exist in the competitive landscape?   Step 2: Develop Customer Acquisition and Retention Strategy Define […]


Action Plan: Risk Of Cost Increases Due To Under-Market Rent Or Market Rate Unknown

Here is a sample business action plan for addressing this risk:   Step 1: Conduct Lease Analysis and Forecasting Compile and review all existing lease agreements. Make sure you know all lease expiration dates, rental rates, and potential rent increase clauses. Forecast the potential cost increases over the next few years.   Step 2: Develop […]


Action Plan: Right Of First Refusal Or First Offer Exists On Sale Of Business

Here is a sample business action plan for addressing this risk:   Step 1: Assess the Impact Evaluate the potential implications of the Right of First Refusal (ROFR) or Right of First Offer (ROFO) provisions on the company’s sale. Consider the effect on buyer interest, transaction timeline, negotiation dynamics, confidentiality, and deal certainty to understand […]


Action Plan: Revenue Too Dependent On New Products/Services

Here is a sample business action plan for addressing this risk:   Step 1: Diversify and Strengthen Existing Product/Service Portfolio Assess the performance and potential of your current offerings. Identify areas for improvement, such as product enhancements, feature additions, or packaging options. Invest in marketing and sales strategies to revitalize sales of existing products/services.   […]


Action Plan: Poor Or Unknown Safety Record

Here is a sample business action plan for addressing this risk:   Step 1: Leadership Commitment and Communication Commit to the importance of safety and communicate your intentions to all employees. Establish a safety committee or designate a safety coordinator and hold regular safety meetings to involve leadership in safety discussions.   Step 2: Risk […]


Action Plan: Percentage Of Bad Debt To Sales Is Too High

Here is a sample business action plan for addressing this risk:   Step 1: Review and Update Credit Policies Assess and revise the existing credit policies to minimize bad debt risks. Set clear credit terms, credit limits, and payment expectations for customers. Conduct thorough credit checks on new customers and consider implementing stricter criteria for […]


Action Plan: No History Of Successful Price Increases

Here is a sample business action plan for addressing this risk.   Step 1: Analyze and Understand the Root Causes Conduct a thorough analysis of the factors contributing to the unsuccessful price increases. Assess customer feedback, market dynamics, competitive landscape, and cost structures to identify underlying issues.   Step 2: Customer Value Assessment Evaluate the […]