This study utilizes CHFS (China Household Finance Survey) data to analyze business risk factors in the modern business environment. It quantitatively examines the relationship between business risk and various factors using statistical methods like multiple regression analysis. The literature review highlights the importance of business risk for enterprise stability and development. The study identifies significant correlations between economic factors, market conditions, and company characteristics with business risk. Key findings indicate that business risk is influenced by factors like market volatility, financial conditions, industry competition, and macroeconomic factors. The research also suggests strategies for businesses facing these risks. The conclusions can guide risk management for enterprises and macroeconomic policymaking. However, the study has limitations such as data timeframe and sample specificity. Future research should broaden data sources and interdisciplinary analysis for more comprehensive results. In summary, this study offers new insights into business risk management through CHFS data analysis, revealing crucial factors. These findings benefit businesses and policymakers in understanding and addressing business risks for a stable, sustainable business environment.