Below are sequence of steps to take when analyzing risks.

1. Assess the risks. The first thing to do is see if there are risks, that is, if you can suffer some damage by opting for some alternative.
2. Take into consideration the policies and objectives of the company. Your next step is to take into consideration the policies, values and objectives of the company, or your own to be an individual decision or professional. Thus a company can pursue a policy of slow growing, or grow at a normal pace, or not grow at all or only expand in the area of new products. The professional or entrepreneur to decide whether to take the risk in question would be whether or not in line with targets.
3. Clearly define each alternative. Performed the previous steps that we must proceed to examine each alternative so as to objectively assess their costs. The major cost is financial, but whenever such costs should also be included personal, social and otherwise. For example, some may require professional alternative, excessive strain or a possible failure could undermine its reputation. It is therefore essential to determine both the financial costs, and otherwise.
4. Gather relevant information and weigh the alternatives. To meet all the necessary information to estimate the potential of each alternative. The operator or manager should explore every possibility to its logical conclusion, asking questions like these:

• If the current market reaches saturation point, would it be possible to stimulate demand in other markets by modifying the product?
• Whether the increased competition reduces my market share, will there be opportunities to penetrate other markets with the same product?
• If you see me in need to begin to make other products with the new machines, is it possible to manufacture easily adapt?;
• If the demand increases, is it likely that my suppliers and subcontractors to raise their prices to me?

5. Reduce the risks whatever can. The importance of this phase cannot be exaggerated.To reduce the risks is essential that employers assess realistically the extent that is in your hands to increase the chances of success. To do this it is necessary that the employer or training:
   

   • Has a very clear idea of their own ability and his company.
   • Demonstrates his creativity in finding ways to influence these probabilities.
   • Is able to plan in general and in detail how to proceed in order to influence them.
   • Has the momentum, energy and enthusiasm to complete their plans.

6. Plan the implementation of the chosen alternative. After selecting one of the alternatives, should prepare a plan to implement it. This plan should set dates, clearly define objectives, provide for the different outcomes which may result from the decision, planning in detail for each outcome to follow the subsequent behavior and establish a procedure to monitor implementation of the plan so that you can quickly make any changes necessary.

Conclusions

It is impossible to escape the risk, any activity you do, the question is to assess the risk levels, the strength we have to face them, the consequences it can bring, and above all have a clear awareness of those factors which to ensure that we achieve the goals or not. To the extent that we consider aspects developed earlier, more likely to avoid any unnecessary risk or protect them properly we will have.

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• steps in analysing a risk
• 1 the steps taken to determine which financing alternatives to pursue
• steps to determine the financing alternatives to pursue
• steps to determine financing alternatives
• steps taken to determine financing alternatives
• analyzing risks
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• sequence of steps