There are two main aspects of opportunity-based risks: risks associated with not taking
an opportunity and those associated with taking an opportunity.
The latter is a conscious decision to accept identified risk associated with an opportunity
and then to implement processes to minimise any negative impacts and maximise gains.
Opportunity-based risk may or may not be visible or physically apparent; it is often
financial; it can have a positive or negative outcome; and it can have both short-term
and longer-term outcomes.
Opportunity-based risks for small business include: moving a business to a new location;
acquiring new property; expanding a business; and diversifying a product line.