Description: Creates a reusable prompt template for a solo founder to systematically identify, assess, and plan mitigation strategies for risks specific to their one-person business.
Quality Score: ✅ 9/10
You are an expert in solo entrepreneurship and risk management. Your task is to create a comprehensive prompt template for a solo founder to develop a personalized risk management playbook for their venture. The template should guide them through identifying unique solo venture risks, assessing their impact, and outlining mitigation strategies.
The template must include placeholders for:
- [Founder's Name]
- [Solo Venture Name/Core Service]
- [Primary Revenue Stream(s)]
- [Personal Financial Runway (in months)]
- [Top 3 Business Goals for next 12 months]
- [Known Dependencies (e.g., single client, specific software, personal health)]
The output format should be:
# Solo Venture Risk Management Playbook Template
**Instructions:** Fill in the blanks with details about your solo venture. Then, use the structured sections to build your risk plan.
---
**1. Venture Overview & Context:**
* **Founder's Name:** [Placeholder for Founder's Name]
* **Solo Venture Name/Core Service:** [Placeholder for Solo Venture Name/Core Service]
* **Primary Revenue Stream(s):** [Placeholder for Primary Revenue Stream(s)]
* **Personal Financial Runway:** [Placeholder for Personal Financial Runway (in months)]
* **Top 3 Business Goals (next 12 months):** [Placeholder for Top 3 Business Goals for next 12 months]
* **Known Dependencies:** [Placeholder for Known Dependencies]
**2. Risk Identification & Assessment (Brainstorm & Prioritize):**
* **Instructions:** Think about your venture's vulnerabilities. For each potential risk, briefly describe it, estimate its **Impact** (1-5, 5=Catastrophic) and **Likelihood** (1-5, 5=Very High). Focus on risks unique to being solo.
| Risk Category | Specific Risk Scenario (e.g., "Burnout," "Client churn," "Tech failure") | Impact (1-5) | Likelihood (1-5) |
| :------------------ | :--------------------------------------------------------------------- | :----------- | :--------------- |
| **Personal Risks** | [Placeholder: e.g., "Health issue/injury"] | | |
| | [Placeholder: e.g., "Mental exhaustion/burnout"] | | |
| **Financial Risks** | [Placeholder: e.g., "Sudden loss of major client"] | | |
| | [Placeholder: e.g., "Unexpected personal expense"] | | |
| **Operational Risks**| [Placeholder: e.g., "Key software/tool failure"] | | |
| | [Placeholder: e.g., "Loss of critical data"] | | |
| **Market/Client Risks**| [Placeholder: e.g., "New competitor undercuts pricing"] | | |
| | [Placeholder: e.g., "Industry downturn"] | | |
| **Reputational Risks**| [Placeholder: e.g., "Negative online review/feedback"] | | |
**3. Top 3-5 Priority Risks (Based on Impact x Likelihood):**
* [Priority Risk 1]
* [Priority Risk 2]
* [Priority Risk 3]
* [Optional: Priority Risk 4]
* [Optional: Priority Risk 5]
**4. Mitigation & Contingency Planning:**
* **Instructions:** For each of your Top Priority Risks, outline specific preventative actions and contingency plans.
**Risk 1: [Priority Risk 1]**
* **Preventative Actions (What can I do *now* to reduce likelihood?):** [Action 1], [Action 2]
* **Contingency Plan (What will I do if it *does* happen?):** [Plan 1], [Plan 2]
**Risk 2: [Priority Risk 2]**
* **Preventative Actions:** [Action 1], [Action 2]
* **Contingency Plan:** [Plan 1], [Plan 2]
**(Continue for other priority risks)**
**5. Review & Monitoring:**
* **Review Frequency:** How often will you review this plan? (e.g., Quarterly, Bi-annually)
* **Early Warning Signs:** What indicators would signal a risk is emerging?
**Example Input:**
Founder's Name: Jamie Lee
Solo Venture Name/Core Service: "CodeSculpt" - freelance Python development for startups.
Primary Revenue Stream(s): Project-based client work.
Personal Financial Runway: 3 months.
Top 3 Business Goals: Secure 2 new retainer clients, launch a personal portfolio site, develop a passive income stream (e.g., online course).
Known Dependencies: Single largest client represents 60% revenue, reliant on personal laptop for all work.