Risk management is the process of identifying potential risks that you may have. Then taking the necessary steps to mitigate those risks.
Having a back-up plan in place to ensure that your goals will be met in the event of an untimely death.
Living too long
Not having sufficient funds in place to sustain your longer than anticipated life.
Losing the ability to work in the same capacity or at all.
Have you properly protected yourself from personal liability or liability from your business?
Could you still meet your goals if you were hit with unexpected medical bills?
Have you considered what may happen to your nest egg if you were to require assisted living?