The term "risk" defines the probability of an unwanted event happening as a result of a present decision or some coming event. In life, we face a lot of these risks. There are risks that we would readily bear while there are even those that we would try to dodge. In this article, Govt Assist LLC share their view to handle these risks through risk management. There are risks that we think are worth and those that we would not consider because they are definitely born for a loss. The worlds of business and finance are not different from our lives when it reaches risk-taking. In any business venture, owners or shareholders are lashed to encounter risks. Like the risks we encounter in everyday life, some of these business risks can be effortlessly handled and some cannot, and the method of deciding which is which belongs to the exercise of risk management. Risk management guides the entire process of recognizing, analyzing, considering, and treating risks. But since businesses