This study examines the problem of unexpected risks that have impacted the operations of Frizerland d.o.o., a company whose long-term business goals have been altered due to these risks. The research aims to identify the risks that have affected the company's operations, evaluate the results of risk management, and determine potential threats to the company's business goals in the future. In addition, the study explores solutions for mitigating current and future risks to the company. Also, the goal was to examine the best solutions for current and future threats to the company. To address the research questions, in-depth interviews were conducted with six key personnel, including the director and owner of Frizerland d.o.o. These interviews showed that the company had managed risks effectively in the short term, while at the same time this study procced to identify the main risks that affected or continue to affect the company's operations. Accordingly, in addition to the aspects of the impact of risk on the company's operations, this expert thesis researched and considered several ways of solving existing and future risks. All risks and their management were analysed through professional literature, which defined the concept of risk itself and each of the steps in risk management. The research ultimately showed that the company mostly managed risks in the moment. It is the riskiest way of management, which leads to the conclusion that the company should proactively manage risks using different techniques and methods. The study recommends the use of risk maps to prioritize risks and allocate resources accordingly. The result would be greater security in the market, less missed opportunities, and financial stability.