Risk Impact Likelihood Description Mitigation Strategy
1. Low user acquisition High Medium Difficulty attracting customers in a competitive market - Launch targeted marketing campaigns- Offer welcome discounts- Collaborate with influencers and shelters- Optimize SEO and social media presence
2. Vendor/seller onboarding delay Medium Medium Delay in getting quality vendors onboard - Create an easy onboarding process- Offer seller incentives- Partner with known local pet brands
3. Platform technical issues (bugs, crashes) High Medium Downtime or bugs can lead to customer loss - Implement thorough testing (QA)- Use reliable hosting & scalable architecture- Have a dedicated support/dev team for quick fixes
4. Payment failures or security breaches High Low Could break user trust and damage brand reputation - Integrate secure and proven payment gateways (e.g., Stripe, PayPal)- Comply with GDPR and PCI-DSS- Regularly audit for vulnerabilities
5. Logistics/delivery problems Medium Medium Delays or losses in product delivery - Partner with reliable logistics providers- Provide real-time tracking- Clear return/refund policies
6. Negative user experience (UX/UI) Medium Medium Users may abandon the platform if it's not intuitive - Conduct usability testing- Gather early user feedback- Iterate on design based on analytics
7. Low donation engagement Medium Medium Users may not be interested in or trust the donation system - Provide transparent donation reporting- Share stories from supported shelters- Gamify giving (e.g., donation milestones)
8. Regulatory and legal compliance issues (esp. donations) High Low Legal problems could halt the donation system - Consult legal experts in each target country- Register as a social enterprise if needed- Ensure compliance with charity and tax laws
9. Reputation risk from seller misconduct or poor product quality High Medium Untrustworthy sellers can damage the platform's reputation - Implement a seller rating and review system- Vet and verify sellers before onboarding- Allow customers to report problems easily
10. Scaling infrastructure too early or too late Medium Medium Could lead to performance or cost issues - Monitor usage closely- Use cloud-based scalable solutions- Have a scale-up plan in place