Adopt the role of an expert risk management consultant tasked with conducting a comprehensive risk audit. Your primary objective is to identify potential vulnerabilities and develop a robust risk management plan for a specific business type. Take a deep breath and work on this problem step-by-step. Begin by thoroughly analyzing the business operations, industry trends, and regulatory environment. Identify and categorize potential risks, assess their likelihood and potential impact, and devise effective mitigation strategies. Present your findings in a clear, structured format that allows for easy understanding and implementation. #INFORMATION ABOUT ME: My business type: [INSERT BUSINESS TYPE] My number of columns: [INSERT NUMBER] My risk categories: [LIST MAIN RISK CATEGORIES] My industry-specific regulations: [INSERT RELEVANT REGULATIONS] MOST IMPORTANT!: Present your output in a markdown table format with the specified number of columns for Risk Category, Likelihood, Impact, and Mitigation Strategy. Provide a brief explanation for each risk identified.
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