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Do not manage your business from the stand point of fear of business risks. Overcoming fear in business starts with improving your ability to inform your decision-making. With less risk information you have more uncertainty. Increased uncertainty increases negative impact on your business objectives.

Success normally comes from taking controlled risks not hunkering down, crossing fingers or hoping it will work out for you

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Risk Appetite and Risk Tolerance

Even if you do not seek business risks, they will find you! Risk taking is part and parcel of the job description of business leaders. Most business leaders seek greater rewards from their business. Greater rewards normally come from taking on more risk. Taking on more risk does not automatically mean you need to take on a higher level of risk. If you control the risks you take on the net level of risk can remain the same, but the rewards can be greater.

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Increase the chance of success in business by improving the quality quantity and speed of your decisions. Improve your decisions by improving the risk information at your disposal and the risk management tools and techniques you use to help you make decisions.

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The greatest risk is not taking one

Risk Management Decision Making

Manage your business risks more proactively

Inform your options in business decision-making. Explore your perception of real risks to your business. Concentrate your resources on best business opportunities.

  • Identify the sources of threats to your business objectives
  • Use tools and processes to assess the risks to your business
  • Manage strategic operational and project risks better

Define what the significant risks to your business objectives are. Risk management can help you take sound business decisions to build your business resilience to grow your business faster with less uncertainty. Manage the risks that could present a barrier to your business survival or continued business growth. Evaluate the adequacy of your business risk management plan and risk management process.

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Strategic Decision Making For Business

How to make better strategic decisions for your business if you are business leader

Maximise Your Business Success: Proven Strategies for Better Strategic Decision-Making for Business Leader

Making better strategic decisions for your business can be challenging, but it is essential for its success. Business leaders play a crucial role in creating and executing strategies that drive growth, competitiveness, and profitability. Here are a few tips to help you make better strategic decisions for your business:

  1. Start with a clear vision: Having a clear vision of where your business is headed is critical. It helps you set your priorities and make decisions that align with your goals. Make sure your vision is realistic, achievable, and inspiring.
  2. Gather data and insights: Gather data on your market, customers, competitors, and your own performance to inform your decision-making. Use tools like market research, customer surveys, and data analytics to get insights into the trends and patterns affecting your business.
  3. Consider multiple options: Don’t limit yourself to a single strategy. Instead, consider multiple options and weigh their pros and cons. Encourage your team to bring new ideas to the table and consider them seriously.
  4. Seek feedback from key stakeholders: Before finalizing a decision, seek feedback from key stakeholders, including employees, customers, partners, and suppliers. Their input can help you make informed decisions that take into account the perspectives of those who are affected by them.
  5. Create contingency plans: Anticipate potential risks and prepare contingency plans to minimize their impact. This helps you mitigate risks and be prepared for any eventualities that may arise.
  6. Stay flexible: The business environment is constantly changing, so be prepared to adjust your strategy if necessary. Stay open-minded, monitor the situation closely, and be ready to pivot when circumstances require it.
  7. Communicate effectively: Effective communication is critical to the success of any strategy. Ensure that everyone understands the strategy and their role in executing it. Regularly communicate progress, changes, and updates to keep everyone informed and engaged.

In conclusion, making better strategic decisions for your business requires a combination of vision, data, collaboration, contingency planning, flexibility, and effective communication. As a business leader, it’s up to you to set the tone and lead by example in making informed, strategic decisions that drive your business forward.

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Guidance On Enterprise Risk Management On BusinessRiskTV

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ERM Framework Implementation

Enterprise Risk Management (ERM) is the process of identifying, assessing, prioritising, and managing risks that could affect an organisation’s ability to achieve its objectives. In today’s fast-paced business environment, organizations face numerous risks, such as financial, operational, strategic, regulatory, reputational, and cybersecurity. The failure to manage these risks could lead to severe consequences, such as financial loss, legal liability, damage to reputation, and even business failure.

Therefore, it’s critical for organizations to implement a robust ERM framework to identify and mitigate risks that could potentially harm the organization. In this article, we will provide guidance on how organisations can implement an effective ERM framework to manage risks.

Establishing an ERM framework
The first step in implementing ERM is to establish a framework that outlines the organisation’s risk management policies, procedures, and practices. The framework should define the roles and responsibilities of the risk management team, establish risk assessment methodologies, and identify the key risk indicators (KRIs) that will be used to monitor risks.

The ERM framework should also identify the organisation’s risk appetite, which refers to the level of risk that the organisation is willing to accept in pursuit of its objectives. The risk appetite should be clearly defined and communicated to all stakeholders, including employees, investors, customers, and regulators.

The ERM framework should be aligned with the organisation’s strategic objectives, and the risk management team should work closely with the senior management team to ensure that risk management is integrated into the organisation’s decision-making process.

Conducting a risk assessment
The next step in implementing ERM is to conduct a risk assessment, which involves identifying, analysing, and evaluating risks that could potentially harm the organisation. The risk assessment should be based on a systematic and comprehensive approach that considers all the potential risks that the organisation faces.

The risk assessment should consider both internal and external factors that could affect the organisation’s ability to achieve its objectives. Internal factors include the organisation’s culture, structure, processes, and people, while external factors include economic, political, technological, and regulatory factors.

The risk assessment should also consider the likelihood and impact of each risk and prioritise them based on their significance. The risk assessment should be updated periodically to ensure that new risks are identified and managed.

Developing a risk management plan
Once the risks have been identified and prioritised, the next step is to develop a risk management plan that outlines the actions that will be taken to manage each risk. The risk management plan should consider the risk appetite of the organisation and the resources that are available to manage the risks.

The risk management plan should include specific measures to mitigate each risk, such as risk avoidance, risk reduction, risk transfer, and risk acceptance. Risk avoidance involves eliminating the risk altogether, while risk reduction involves implementing measures to reduce the likelihood or impact of the risk. Risk transfer involves transferring the risk to another party, such as an insurance company, while risk acceptance involves accepting the risk and managing it within the organisation’s risk appetite.

The risk management plan should also identify the stakeholders who will be responsible for managing each risk and the KRIs that will be used to monitor the risks. The risk management plan should be reviewed periodically to ensure that it remains effective and relevant.

Implementing risk management controls
The next step in implementing ERM is to implement risk management controls to manage the risks. Risk management controls are the policies, procedures, and practices that are implemented to manage the risks identified in the risk assessment.

Risk management controls should be designed to ensure that the organisation operates within its risk appetite and that the risks are managed effectively. Risk management controls should be integrated into the organisation’s processes and systems to ensure that they are followed consistently.

Monitoring and reporting on risks
The final step in implementing ERM is to monitor and report on risks. Monitoring involves tracking the effectiveness of the risk management controls and the KRIs that were identified in the risk management plan. The monitoring process should be designed to detect any changes in the risk environment and to ensure that the risk management controls remain effective.

Reporting involves communicating the results of the risk management process to stakeholders, such as the board of directors, senior management, investors, customers, and regulators. The reporting should provide an accurate and comprehensive view of the organisation’s risk exposure and the effectiveness of the risk management controls.

Reporting should also include any significant changes in the risk environment and any emerging risks that could potentially impact the organisation. Reporting should be timely, accurate, and relevant to ensure that stakeholders have the information they need to make informed decisions.

ERM is a critical process that organisations must implement to manage the risks they face. ERM involves identifying, assessing, prioritising, and managing risks that could potentially harm the organisation.

To implement an effective ERM framework, organizations must establish a framework that outlines the risk management policies, procedures, and practices. They must conduct a comprehensive risk assessment that considers all the potential risks that the organisation faces and prioritise them based on their significance.

They must develop a risk management plan that outlines the actions that will be taken to manage each risk and implement risk management controls to manage the risks. Finally, they must monitor and report on risks to ensure that the risk management process remains effective and relevant.

By implementing an effective ERM framework, organisations can mitigate the risks they face and achieve their objectives in a safe and sustainable manner. The ERM framework should be reviewed and updated periodically to ensure that it remains effective and relevant to the changing risk environment.

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Uncertainty of international trade expanding or contracting impacting on your business objectives

Sign up for our introduction to international trade risk analysis assessment and management with help of BusinessRiskTV and its risk expert network

Risk Management Toolbox Talk Exploring Barriers To And Opportunities From International Trade

What could cause the opening or closing international trade marketplace? The closing or opening of international trade to your business is perhaps at a recent high level of uncertainty. What elements of international trade threaten your business? What events could open up new opportunities to your business? How do you manage the risks better? Mitigate the threats impacting on your business success. Enhance the beneficial outcomes for your business of international trade.

Northern Powerhouse Risk Management Online Seminars

Online workshop is an introduction to BusinessRiskTV online risk management service to help business leaders make key business decisions to manage threats and opportunities better.

The opening or closing of international marketplace to all who wish to participate is a moving feast. Changes in threats and opportunities can arise based on sudden economic, geopolitical and technology risks in particular.

Managing risks from international trade may be limited to mitigating threats, or harnessing and enhancing the benefits from international trade. It may be impossible to influence whether risk events occur or not. However, exploring the threats and opportunities may be critical to your business success.

Being the first mover may be just as important. The first businesses to act tend to carry the greatest risks and rewards. If you are to act first you may need help from risk experts to improve your business intelligence and international trade risk knowledge.

Benefits include:

  • Limiting losses
  • Maximising sales profit
  • Grow faster with less uncertainty

Opening the enterprise risk management process of identifying analysing and assessing to international trade risks. Working on overcoming international trade barriers. Exploring a risk profile of a company and international trade risks. Developing an enterprise risk management implementation road map to stronger business resilience and expansion. Starting to understand how to overcome trade barriers including supply chain risk management. Identifying solutions to international trade problems. Opening the door to further risk workshops with an introduction to international trade risk awareness training and enterprise-wide risk management solutions.

Pay below via Paypal to secure your place on our online risk management workshop.

Who should attend?

Business leaders, business owners, executives and senior managers as well as risk professionals.

How to attend online risk management toolbox talk on

Title:

Uncertainty of international trade expanding or contracting
Date:Friday 15th January 2021
Time:5:00 pm – 5:30 pm (GMT)
Speaker:Keith Lewis
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In this this essential risk management toolbox talk we will cover the key international trade risks potentially impacting on your business including:

  • Geopolitical Risks
  • Global Economy Risks
  • Technology Risks

Save the date for an insight into international trade risk management

Northern Powerhouse Risk Management Online Seminars

Pay fee online via secure third party payment service Paypal who do not inform us of your full account details. We will email you the Zoom video conferencing joining instructions no later than 24 hours before the workshop begins.

As a special offer you will be able to redeem your non-member payment of £20 against your first year’s subscription fee for BusinessRiskTV Pro Risk Manager for 12 months. Membership of BusinessRiskTV opens up Pro Risk Manager service benefits include huge discounts off products and services such as further training, online business coaching and advertising costs. BusinessRiskTV membership provides opportunity to continue corporate risk analysis, assessment and management business intelligence as well as option to collaborate with global risk management experts to improve your ability to manage your business better.

Post introductory online risk management toolbox talk on 15th January 2021, members and non-members of BusinessRiskTV will also be given opportunity to collaborate in future online advanced workshop sessions. These sessions will further explore how business leaders around the world can collaborate specifically on overcoming barriers to international trade, both theory and practice. These advanced workshops sessions will aim to increase international trade by participants. Workshop participants will share expert knowledge and practical business development tools. The introductory online fee will be used to reduce the cost of more advanced sessions by participants.

Participants at introductory online risk management toolbox talk can also put themselves forward as international trade risk experts at future more advanced online workshop events to share your expert knowledge and promote their business interests. Get in touch with us if this is you.

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Small Business Coaching Packages

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Affordable Online Small Business Coaching Packages | eBusiness Mentor Service

Unlock your business potential with BusinessRiskTV.com’s eBusiness Mentor Service! Our tailored online small business coaching packages provide affordable, one-on-one mentorship designed specifically for entrepreneurs. Benefit from practical tools and techniques to accelerate your growth and navigate challenges effectively. Whether you’re starting a new venture or looking to expand your established business, our flexible coaching blocks allow you to choose the support you need. Gain insights from experienced business coaches and transform your approach to risk management and decision-making. Invest in your success today – sign up for our coaching packages and join a community of thriving small business leaders at BusinessRiskTV.com!

A flexible small business coaching package is affordable and delivered online

Business coaches for entrepreneurs. Use our eBusiness Mentor Service. Online small business coaching packages are tailored to your business priorities. Start or grow your small business with help from small business coach. ebusiness coaching mentoring provides practical tools and techniques to grow your business faster. A one to one business mentor will work with you to help you achieve greater success quicker. Get more out of your investment of time and money in your business. Every small business coaching package is arranged in blocks. You can buy more support if it works for your business.

Discover the best small business coaching package for your business.

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Guide On Saving A Struggling Small Business With BusinessRiskTV

Struggling Small Business Guide

A Guide to Saving a Struggling Small Business in the UK

Small businesses play a crucial role in the UK economy, contributing to job creation, innovation, and local communities. However, even the most resilient businesses can face challenging times. Economic downturns, unforeseen circumstances, or poor management can lead to a struggling business. If you find yourself in this situation, it’s essential to take proactive steps to turn the tide and revitalise your small business. In this guide, we will explore strategies to save a struggling small business in the UK and set it on a path towards success.

Assess the Current Situation: To save a struggling small business, the first step is to conduct a thorough assessment of its current situation. Start by analysing your financial records, including cash flow statements, profit and loss statements, and balance sheets. Identify areas where costs can be reduced or revenue can be increased. Look for patterns or trends that indicate underlying issues. Additionally, assess your business’s market position, competition, and customer feedback to gain insights into areas that require improvement.

Develop a Turnaround Plan: Once you have a clear understanding of your small business’s challenges, it’s time to develop a comprehensive turnaround plan. This plan should outline specific objectives, strategies, and tactics to address the identified issues. Consider the following key elements:

a) Financial Restructuring: Explore options for debt consolidation, renegotiating contracts, or seeking additional financing. Develop a realistic budget and cash flow forecast to ensure financial stability.

b) Operational Efficiency: Streamline operations by identifying inefficiencies, eliminating redundant processes, and optimising resource allocation. Look for ways to reduce overhead costs without compromising quality.

c) Marketing and Sales: Evaluate your marketing and sales strategies. Identify target markets, refine your value proposition, and leverage cost-effective marketing channels. Enhance customer engagement and explore new avenues for revenue generation.

d) Customer Experience: Focus on improving customer satisfaction by delivering exceptional products or services. Encourage feedback, implement suggestions, and address any issues promptly. Cultivate customer loyalty and retention through personalised experiences.

Seek Professional Advice: In challenging times, seeking professional advice can provide valuable insights and guidance. Consider engaging the services of a business consultant, accountant, or financial advisor experienced in turnaround strategies. They can help you analyse your business, identify blind spots, and offer tailored solutions. Additionally, they may provide recommendations on accessing government support schemes or grants designed to assist struggling businesses.

Embrace Innovation and Adaptation: In a rapidly changing business landscape, embracing innovation and adaptability is crucial. Identify opportunities to diversify your offerings or enter new markets. Stay up to date with industry trends and technological advancements that can enhance your competitive edge. Explore digital transformation initiatives, such as e-commerce integration, online marketing, or process automation. By continuously evolving, you can keep your business relevant and resilient.

Engage and Motivate Employees: Your employees are vital assets in turning around a struggling small business. Engage them in the turnaround process by fostering open communication, transparency, and a shared sense of purpose. Encourage their creativity and input, as they may offer valuable suggestions for improvement. Recognise and reward their efforts to boost morale and motivation during challenging times. Provide training and development opportunities to enhance their skills and adapt to changing business needs.

Monitor Progress and Adjust: Implement key performance indicators (KPIs) to monitor the progress of your turnaround plan. Regularly review financial and operational metrics to gauge the effectiveness of your strategies. Stay agile and be prepared to adjust your plan based on emerging trends or unforeseen circumstances. Learn from both successes and failures, and continuously refine your approach to ensure sustainable growth.

Saving a struggling small business in the UK requires a proactive and strategic approach. By assessing the current situation, developing a comprehensive turnaround plan, seeking professional advice, embracing innovation, engaging employees, and monitoring progress, you can increase the chances of revitalizing your business and setting it on a path towards success.

Remember that turning around a struggling business takes time, effort, and resilience. It requires a willingness to adapt to changing market conditions, make tough decisions, and implement necessary changes. Be open to feedback, stay focused on your objectives, and remain flexible in your approach.

Furthermore, don’t hesitate to leverage available resources and support networks. The UK government provides various initiatives, grants, and support schemes for struggling businesses. Stay informed about these opportunities and explore how they can assist you in your turnaround efforts.

Lastly, remember that you are not alone. Seek support from fellow entrepreneurs, industry associations, or business networks. Sharing experiences and learning from others who have successfully navigated similar challenges can provide valuable insights and inspiration.

While saving a struggling small business is undoubtedly challenging, it is not impossible. With determination, strategic planning, and a willingness to adapt, you can overcome obstacles and breathe new life into your business. By implementing the strategies outlined in this guide and seeking the necessary support, you can set your small business on a path towards long-term viability and success.

Remember, every setback is an opportunity for growth and improvement. Stay committed, stay focused, and never lose sight of your vision for your small business.

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Small Business Coaching Packages

Empowering Small Businesses Through Tailored Coaching Packages

Starting and growing a small business can be both an exhilarating and challenging journey. With numerous responsibilities and ever-evolving market dynamics, entrepreneurs often find themselves navigating a landscape filled with uncertainty. This is where BusinessRiskTV.com steps in, offering flexible and affordable online small business coaching packages designed to meet the unique needs of each entrepreneur.

The Need for Small Business Coaching

Understanding the Challenges

Small businesses face a myriad of challenges that can hinder their growth and success. From managing finances and marketing to navigating regulatory requirements and competitive pressures, entrepreneurs must juggle multiple tasks. Often, they may lack the necessary experience or resources to tackle these challenges effectively. This is where a business coach can make a significant difference.

The Value of Coaching

A business coach serves as a mentor, guide, and strategist, helping small business owners develop the skills and knowledge necessary to overcome obstacles. With tailored coaching, entrepreneurs can gain fresh perspectives, practical tools, and actionable strategies to enhance their business performance.

Introducing Our eBusiness Mentor Service

At BusinessRiskTV.com, we offer an innovative eBusiness Mentor Service that provides personalised coaching for small business leaders. Our online coaching packages are designed to be flexible, affordable, and easily accessible, ensuring that entrepreneurs can receive the support they need, no matter where they are located.

Key Features of Our Coaching Packages

1. Tailored Approach: Each coaching package is customised to align with your specific business priorities and goals. This ensures that you receive the most relevant and impactful guidance.

2. One-on-One Mentorship: You will work directly with an experienced business mentor who will focus on your unique challenges, providing insights and strategies that drive success.

3. Practical Tools and Techniques: Our coaching packages equip you with actionable tools and techniques to implement immediately, allowing you to grow your business faster.

4. Flexible Blocks of Sessions: Our coaching is arranged in blocks, giving you the flexibility to purchase additional support as needed. This allows you to scale your coaching experience according to your business’s evolving requirements.

5. Affordable Investment: We understand the financial constraints small businesses often face. Our coaching packages are designed to be budget-friendly, ensuring you can invest in your growth without breaking the bank.

How Our Coaching Packages Work

Initial Consultation

Your journey begins with an initial consultation where we assess your current business landscape. During this session, we identify your primary challenges and establish a clear set of goals. This foundational step allows us to customise your coaching experience effectively.

Structured Coaching Sessions

Our coaching packages typically consist of a series of structured sessions. Here’s how it works:

1. Identifying Goals: In the early sessions, we work together to define your business objectives and outline a roadmap to achieve them.

2. Strategic Planning: We delve into strategic planning, analysing your business model, target market, and competitive landscape. This helps in creating a solid plan for growth.

3. Practical Implementation: As we progress, we focus on implementing strategies and tools that facilitate growth. This includes marketing techniques, financial management strategies, and operational improvements.

4. Ongoing Support: You will have access to ongoing support through additional sessions, allowing for continuous improvement and adjustment of strategies as your business evolves.

Flexible Coaching Blocks

Our coaching packages are arranged in flexible blocks, allowing you to choose the number of sessions that best fits your needs. If you find that you require more support, you can easily purchase additional blocks to continue your mentoring journey.

Benefits of Our Small Business Coaching Packages

Accelerated Growth

By leveraging the expertise of a business coach, small business owners can accelerate their growth trajectory. Coaches provide the insights and strategies needed to make informed decisions quickly, enabling businesses to capitalise on opportunities faster.

Enhanced Accountability

Having a business mentor fosters a sense of accountability. Regular check-ins and goal-setting sessions encourage entrepreneurs to stay focused on their objectives, making it easier to track progress and make necessary adjustments.

Improved Decision-Making

Coaching provides small business leaders with access to a wealth of knowledge and experience. This guidance enhances decision-making capabilities, allowing entrepreneurs to navigate challenges more effectively.

Networking Opportunities

Through our coaching programme, entrepreneurs gain access to a network of like-minded individuals. This community can offer additional support, resources, and opportunities for collaboration, further enriching the coaching experience.

Who Can Benefit from Our Coaching Packages?

New Entrepreneurs

For those just starting their entrepreneurial journey, our coaching packages offer essential guidance. New business owners can benefit from mentorship that helps them navigate the early stages of business development, laying a strong foundation for future growth.

Established Small Business Owners

For established businesses, our coaching can help refine existing strategies and explore new growth opportunities. Coaches can provide insights into market trends, operational efficiencies, and innovative approaches to expand your business.

Non-profit Organisations

Our coaching services are not limited to for-profit businesses. Non-profit organisations can also benefit from our tailored coaching, helping them improve their operations, fundraising strategies, and community impact.

Success Stories from Our Clients

To illustrate the impact of our coaching services, let’s explore some success stories from clients who have experienced transformative growth through our eBusiness Mentor Service.

Case Study: Tech Startup Growth

Client: Jane D., Founder of a Tech Startup

Challenge: Jane launched her tech startup but struggled with market positioning and attracting customers.

Coaching Impact: Through tailored sessions, Jane identified her target audience and refined her marketing strategy. She implemented actionable steps provided by her coach, resulting in a 150% increase in customer acquisition within six months.

Case Study: Non-profit Expansion

Client: Mark T., Director of a Non-profit Organisation

Challenge: Mark’s organisation faced challenges in fundraising and community engagement.

Coaching Impact: With guidance from his business mentor, Mark developed a comprehensive fundraising strategy and enhanced community outreach efforts. Within a year, the organisation doubled its funding and increased volunteer participation by 40%.

Case Study: Retail Business Revamp

Client: Linda K., Owner of a Local Retail Store

Challenge: Linda faced declining sales and increased competition from online retailers.

Coaching Impact: Through targeted coaching sessions, Linda revamped her business model, incorporated e-commerce, and improved customer service. As a result, her store saw a 30% increase in sales over the following year.

Getting Started with BusinessRiskTV.com

How to Sign Up

Joining our eBusiness Mentor Service is simple. Explore our coaching packages with one of our consultants. You can choose the option that best fits your needs and schedule your initial consultation. Our team will guide you through the process, ensuring a seamless experience.

Choosing Your Coach

We understand that the right coaching relationship is critical to your success. At BusinessRiskTV.com, we take the time to match you with a mentor whose expertise aligns with your business goals. This personalised approach ensures that you receive the most relevant guidance.

Flexible Scheduling Options

Our online platform allows for flexible scheduling, making it easy to fit coaching sessions into your busy calendar. Whether you prefer morning or evening sessions, we strive to accommodate your needs.

Conclusion

Starting and growing a small business is an exciting journey filled with challenges and opportunities. With the right support, entrepreneurs can navigate the complexities of business management and achieve greater success.

BusinessRiskTV.com offers flexible, affordable online small business coaching packages that empower you to take control of your business’s future. Our eBusiness Mentor Service provides tailored guidance, practical tools, and one-on-one mentorship to help you grow your business faster and more efficiently.

If you’re ready to invest in your business’s success, explore our coaching packages today and discover how BusinessRiskTV.com can help you turn your entrepreneurial dreams into reality. Join our community of empowered small business leaders and start your journey towards success!

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Online Selling Partners

Our Marketplace Consultants help our Online Selling Partners grow their business faster. Our BusinessRiskTV Virtual Online Marketplace Professional Services seek to improve your new customer experience and our Online Selling Partner experience on BusinessRiskTV by working directly with Online Selling Partners to increase online sales. Our innovative approach to online selling and eCommerce helps existing and new businesses to grow faster. Join with us to boost your existing business profit or start a new business with us as a side hustle or new full time job.

Our Marketplace Consultants help our Online Selling Partners to develop new income streams. They help you to grow your business on BusinessRiskTV. Marketplace Consultants offer tips advice and support to growing businesses. Work with your dedicated Marketplace Consultant on best online marketing tools for your business offering. Join us now to start selling more profitably online. Become one of our Online Selling Partners today.

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How to Identify and Capitalise on Business Opportunities

In today’s competitive marketplace, businesses need to be constantly on the lookout for new opportunities. By identifying and capitalising on these opportunities, businesses can grow and expand their reach.

What is a Business Opportunity?

A business opportunity is a situation where there is a need for a product or service that is not currently being met. This need can be created by a change in the marketplace, a new technology, or simply a gap in the current offerings.

How to Identify Business Opportunities

There are a number of ways to identify business opportunities. Some of the most common methods include:

  • Observing trends. Pay attention to the changes that are happening in the marketplace. What are people buying? What are their needs and wants? What new technologies are emerging? By staying up-to-date on trends, you can identify potential opportunities that others may have missed.
  • Solving problems. Think about the problems that people are facing in your industry. Are there any ways to solve these problems in a better way? Could you develop a new product or service that addresses these needs?
  • Finding gaps in the market. Look for areas where there is a lack of competition. Are there any products or services that are not currently being offered? If so, there may be an opportunity to fill this gap.
  • Talking to customers. One of the best ways to identify business opportunities is to talk to your customers. What are their pain points? What do they wish they could have? By listening to your customers, you can get a better understanding of their needs and identify potential opportunities.

What Does it Mean to Capitalise on Opportunities?

Once you have identified a business opportunity, you need to be able to capitalise on it. This means taking the necessary steps to turn the opportunity into a successful business.

There are a number of things you can do to capitalise on a business opportunity, including:

  • Developing a business plan. A business plan will help you to define your business goals, identify your target market, and develop a strategy for achieving success.
  • Building a team. You will need a team of talented and dedicated individuals to help you bring your business to life.
  • Raising capital. Most businesses need some form of financial backing to get started. There are a number of ways to raise capital, including loans, grants, and crowdfunding.
  • Marketing your business. You need to let people know about your business and what you have to offer. This involves developing a marketing plan and executing it effectively.

The 4 Forces in Identifying Business Ideas and Opportunities

There are four main forces that can help you to identify business ideas and opportunities:

  • Technology: New technologies can create new opportunities for businesses. For example, the rise of the internet has created a whole new market for online businesses.
  • Demographic trends: Changes in the demographics of a population can also create new opportunities. For example, the ageing population in many developed countries has created a growing market for products and services that cater to seniors.
  • Economic trends: Changes in the economy can also create new opportunities. For example, a recession can lead to opportunities for businesses that offer cost-saving solutions.
  • Social trends: Changes in social trends can also create new opportunities. For example, the growing trend of environmental awareness has created opportunities for businesses that offer sustainable products and services.

Identifying and capitalising on business opportunities is essential for the success of any business. By following the tips in this article, you can increase your chances of finding and exploiting the next big opportunity.

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New Business Ideas

  1. Virtual Event Planning: With the increasing number of people attending virtual events, starting a virtual event planning business could be a profitable venture. You can specialize in planning corporate meetings, webinars, conferences, or even virtual weddings.
  2. Online Coaching: Online coaching has become increasingly popular over the years. You can start an online coaching business that offers coaching in areas such as personal development, business, health, or fitness.
  3. E-commerce store: With the rise of e-commerce, starting an online store is a great business idea. You can sell products in a specific niche, such as fashion, beauty, or home goods.
  4. Social Media Marketing: As more businesses focus on social media marketing, there is a growing need for social media experts. You can start a social media marketing agency that helps businesses improve their social media presence.
  5. Content Creation: With the rise of digital marketing, there is a growing demand for high-quality content. You can start a content creation business that offers services such as copywriting, video production, or graphic design.
  6. Online Tutoring: Online tutoring is becoming more popular as students seek flexible learning options. You can start an online tutoring business that offers services in a specific subject or a range of subjects.
  7. Health and Wellness Services: There is an increasing demand for health and wellness services such as yoga, meditation, and massage. You can start a health and wellness business that offers these services.
  8. Mobile App Development: As the number of smartphone users continues to grow, mobile app development is a lucrative business idea. You can start a mobile app development business that creates apps for businesses or individuals.
  9. Home Cleaning Services: With people’s busy schedules, there is a growing demand for home cleaning services. You can start a home cleaning business that offers services such as regular cleaning, deep cleaning, and move-in/out cleaning.
  10. Pet Care Services: As more people become pet owners, there is a growing demand for pet care services. You can start a pet care business that offers services such as dog walking, pet sitting, or grooming.

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There is always trouble ahead for business leaders

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And there are always opportunities to grow a business faster too. There are always leadership challenges regardless of era in business. Improve management of the biggest issues facing the business world today.

Learn how to overcome leadership challenges. Being a successful business leader means there will always be challenges. The business problems will change but it is naive to thing that your challenges are more difficult than the challenges other leaders have overcome in the past.

In the UK the biggest issues combined that impact on future business success is poor productivity and lack of skills. UK business leader must invest in capital assets including automation or machinery as well as people. Workers in the UK need dramatic upskilling. There has been a distinct lack of investment over the last decade that needs redressing over the next decade. Instead of whinging about lack of immigration UK business leaders need to be more innovative and invest in engaging existing workforce more.

We can achieve so much more than we are currently doing. There is a significant lack of investment in innovation and new ideas to overcome business challenges. Perhaps it is a hangover from the slow recovery from the 2008 financial crisis. Business leaders have thought about survival for so long that it has suppressed a more creative and innovative business world.

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Deutsche Bank currency guru says it’s ‘time to sell the dollar’ as greenback sees longest losing streak since 2021

The dollar has been on a losing streak in recent weeks, and a top currency strategist at Deutsche Bank is betting that the trend will continue.

George Saravelos, global co-head of FX research at Deutsche Bank, said in a note to clients on Thursday that he’s once again betting that the dollar will weaken against the euro, Japanese yen, British pound, and other major currencies.

“We believe that the dollar’s recent weakness is more than just a temporary correction,” Saravelos said. “We see a number of factors that are likely to keep the dollar under pressure in the coming months.”

One of the factors that Saravelos is pointing to is the Federal Reserve’s plans to raise interest rates. The Fed is expected to raise rates several times this year in an effort to combat inflation. However, Saravelos believes that the Fed’s rate hikes will be less effective than they have been in the past because the global economy is now in a different phase.

“The global economy is no longer in a synchronised growth upswing,” Saravelos said. “This means that the Fed’s rate hikes are likely to have a more muted impact on economic activity and inflation than they would have in the past.”

Another factor that Saravelos is pointing to is the strength of the euro. The euro has been rising in recent weeks, and Saravelos believes that this trend is likely to continue.

“The euro is benefiting from a number of factors, including the strong performance of the European economy,” Saravelos said. “We believe that the euro is likely to continue to outperform the dollar in the coming months.”

Saravelos’s call is a reversal of his previous stance. In January, he said that the dollar was “oversold” and that he expected it to rebound. However, he has since changed his view, and he now believes that the dollar is likely to continue to weaken.

Saravelos’s call is in line with the views of other currency analysts. A recent survey by Bloomberg found that 60% of currency analysts believe that the dollar will weaken in the coming months.

If Saravelos is right, it could have a significant impact on the global economy. The dollar is the world’s reserve currency, and its value has a major impact on the prices of commodities, assets, and goods. If the dollar weakens, it could lead to higher inflation and lower economic growth.

Of course, it’s impossible to say for sure what will happen to the dollar in the future. However, Saravelos’s call is a warning that the greenback’s days of dominance may be coming to an end.

In addition to the factors mentioned by Saravelos, there are a few other reasons why the dollar could continue to weaken.

  • The US trade deficit is widening. This means that the US is importing more goods and services than it is exporting. This puts downward pressure on the dollar.
  • The US economy is growing more slowly than other major economies. This means that investors are less likely to hold dollars as a safe haven.
  • The US political landscape is becoming more polarised. This could lead to uncertainty and volatility in the markets, which could also weigh on the dollar.

Of course, there are also some factors that could support the dollar. For example, if the Fed raises interest rates more aggressively than expected, it could boost the dollar’s value. However, overall, the trend seems to be pointing towards a weaker dollar.

What does this mean for investors?

If you are an investor who is holding dollars, you may want to consider hedging your bets by investing in other currencies. You may also want to consider investing in assets that are less sensitive to changes in the dollar’s value.

If you are a business that exports goods or services, you may benefit from a weaker dollar. This is because a weaker dollar will make your goods or services cheaper for foreign buyers.

Overall, the outlook for the dollar is uncertain. However, there are a number of factors that could lead to a weaker dollar in the coming months. Investors and businesses should be aware of these factors and should adjust their strategies accordingly

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The biggest factor in business leader decision making is fear of loss. People worry about loss more than securing gains.

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Do you have loss aversion bias in decision making?

Business leaders who are loss averse feel the pain of loss much greater that any joy from any gains from decisions made. They make strategic business decisions accordingly. The risk culture of the business models the loss aversion bias of the business leader.

If this works well for your business you should continue with status quo. However if you would like to experience faster business growth you may need to take more calculated risks.

Loss aversion refers to the tendency to prefer avoiding losses to acquiring equivalent gains. It is better for you to not lose 10000 pounds than to make 10000 pounds in business. 

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However most entrepreneurs and many business leaders are in their position to better themselves. If you mitigate the potential losses from taking more risks and manage the risks to maximise the return on your investment you should end up with faster growth with less uncertainty.

It is more common in people who are not entrepreneurs or business leaders to be biased against taking risks. Loss aversion is a reflection of a general bias in human psychology. People tend to want to stick with what they know than make changes that might not work well. People in general are resistant to change. When presented with the potential benefits of change they focus more on what might be lost rather than on what can be gained.

  • What is your business risk tolerance? If you can make changes to try to grow faster that if do not work fall within your risk tolerance would you take more risk?
  • If you adopted small changes rather than one big radical all eggs in one basket change would you feel more comfortable? Spreading your faster business growth changes across a few new ideas may be better for your business. When you know which one of the new changes works best perhaps then you can focus on one new idea.
  • Do not confuse more risk taking in business with gambling. Taking calculated risks to grow faster is about assessing and then managing the risks before you action more risk taking. You can mitigate the threats from more risk as well as maximise the returns from taking more risks.

Few things in business life are guaranteed other than taxes! Even maintaining the status quo comes with the threat of business failure. Kodack photography business was once one of the most successful businesses in the world. How many Kodack films do you buy for your camera now!

The desire to avoid business losses is motivated by fear. The more a business leader fears losses the more likely he or she is to be loss averse and the more likely they are to be disinclined to make changes to their business to be more successful. Having a better understanding of the risks that could be taken to achieve more will make loss averse business leaders more comfortable with changing the the business.

Often the perception of risks and reward are skewed to the belief that you are doomed to fail which means you do not make changes to the business. By the same token it is important that all stakeholders in the business are involved in assessing risks from changes to business. Business leaders who do like taking risks can miss the pitfalls to mitigate against whilst making changes that can cause the change project fail even if it was a great idea.

With a little input and engagement from all levels of the organisation your project to grow faster is more likely to be a success. Take risks that are worth taking which are achievable with everyone onboard.

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Assign responsibility for each key risk to your senior management team members. If no one is going to be held account for failure to manage key risks then there will be insufficient consideration of the risk.

Monitor and review your key business risks and effectiveness of associated risk management measures. If the net risk rises then you may need to make changes to you risk management plan. If the net risk reduces you may assign less management time to controlling it but still allocate responsibility for controlling the risk to a key senior management team member.

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Apply a holistic enterprise wide risk management ERM approach across the entire organisation to enable a better understanding and management of key enterprise risks

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Develop a more integrated and coordinated enterprise risk management process that places greater emphasis on the whole instead of the parts of the enterprise. Your revised enterprise risk management framework should be built with new enterprise risk management policies processes tools techniques and reporting for improved governance risk and compliance GRC.

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Effective governance risk management and compliance is critical to build a resilient successful enterprise. It is fundamental for strategic operational and project management.

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Enterprise wide risk management methodology principles and practices will help your enterprise achieve its aims and objectives. It will focus your available resources to enable optimal enterprise performance.

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Is There a Demand for Risk Management Consultants?

In today’s increasingly complex and uncertain world, businesses of all sizes are under pressure to manage risk effectively. This has led to a growing demand for risk management consultants, who can help organisations identify, assess, and mitigate risks.

What Do Risk Management Consultants Do?

Risk management consultants typically have a background in business, finance, or statistics. They use their expertise to help organisations develop and implement risk management frameworks. This may involve identifying and assessing risks, developing risk mitigation strategies, and managing risk throughout the organisation.

What Are the Benefits of Hiring a Risk Management Consultant?

There are a number of benefits to hiring a risk management consultant. These include:

  • Expertise: Risk management consultants have the expertise and experience to help organisations identify, assess, and mitigate risks.
  • Objectivity: Risk management consultants can provide an objective view of an organisation’s risk profile. This can be helpful in identifying risks that may not be apparent to internal stakeholders.
  • Best practices: Risk management consultants can share best practices from other organisations. This can help organisations improve their risk management practices.
  • Improved compliance: Risk management consultants can help organisations improve their compliance with regulations.

Is There a Demand for Risk Management Consultants?

The demand for risk management consultants is growing. This is due to a number of factors, including:

  • Increased complexity of business operations: Businesses are becoming more complex, which means that there are more risks to manage.
  • Increased regulatory requirements: Governments are imposing stricter regulations on businesses, which means that they need to improve their risk management practices.
  • Increased awareness of risk: Businesses are becoming more aware of the importance of managing risk. They are realising that risk can have a significant impact on their bottom line.

What Are the Skills Needed to Be a Risk Management Consultant?

The skills needed to be a risk management consultant vary depending on the specific role. However, some of the most important skills include:

  • Business acumen: Risk management consultants need to have a strong understanding of business operations. This will help them identify and assess risks that may impact the organisation.
  • Quantitative skills: Risk management consultants need to be able to analyse data and use statistical methods to assess risk.
  • Communication skills: Risk management consultants need to be able to communicate effectively with both technical and non-technical audiences.
  • Problem-solving skills: Risk management consultants need to be able to identify and solve problems.

How to Become a Risk Management Consultant

There are a number of ways to become a risk management consultant. Some people choose to earn a degree in risk management or a related field. Others gain experience in risk management by working in a business or government organisation. There are also a number of certification programs available for risk management professionals.

The Future of Risk Management Consulting

The future of risk management consulting is bright. The demand for risk management consultants is expected to continue to grow in the coming years. This is due to the increasing complexity of business operations, the increasing regulatory requirements, and the increasing awareness of risk.

If you are interested in a career in risk management consulting, there are a number of things you can do to prepare. First, you should gain experience in risk management by working in a business or government organisation. Second, you should earn a degree in risk management or a related field. Third, you should become certified as a risk management professional.

The field of risk management consulting is a dynamic and rewarding field. If you are interested in helping organisations manage risk, then a career in risk management consulting may be the right choice for you.

In addition to the above, here are some other factors that are driving the demand for risk management consultants:

  • The increasing frequency and severity of natural disasters.
  • The growing threat of cyberattacks.
  • The increasing complexity of financial markets.
  • The globalisation of business.

As these and other risks continue to grow, the demand for risk management consultants is likely to remain strong.

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Learn how to solve business problems effectively. The best business leaders can avoid business problems before they become a problem for their business. Engage all your employees to help you solve business problems. Change how you think about business problems.

Find out more about business problem solving techniques with BusinessRiskTV. Experience business problem solving tools.

  • Identify the risks impacting on your business
  • Understand how all your business stakeholders will be affected by the risks
  • Identify the solutions to manage your business risks better
  • Evaluate which business solutions are best for your business
  • Investigate the upside and downside risks of business problems for your business
  • Monitor and review your risk management plan and risk management strategy effectiveness

If the business problem is a big daunting issue for your business break it down into smaller component parts and assess the parts independently so the big problem becomes more manageable. Avoid business problems altogether if possible.

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Improving collaboration on enterprise risk management. Develop your enterprise risk management framework and risk assessment process. Improve your risk monitoring and risk review information systems.

Are you responsible or interested in risk identification assessment and management?

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Rethinking and Re-purposing Your Business During Uncertainty

Develop new risk management strategy for your business or enterprise. Bringing together risk management professional and business leaders online to improve risk management practices and outcomes.

Learn what ERM is and how it can benefit your enterprise performance

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Virtual online attendance at our ERM summits is free to members of BusinessRiskTV. Live stream the ERM summits wherever you are in the world.

Build your enterprise risk management system. Drive improved enterprise performance. Develop your business intelligence and risk knowledge. Improve governance risk and compliance GRC management.

Enterprise Risk Management Trends

Discover a new holistic risk management approach to improve business strategy setting and implementation.

  • Create practical business management systems to grow a better business faster inline with with your risk management culture.
  • Improve business outcomes.
  • Be inspired to improve your business.
  • Connect with local and global risk management experts.

Network with top business leaders to understand your business problems and find best business risk management solutions quicker.

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Find out how to promote your business locally and globally

Put your specific product or services in front of new potential buyers interested in your business offering.

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Looking for information to inform your business decisions? Protect your business better. Grow faster. Work out practical business solutions on risk insight and business intelligence. Enhance your strategic operational and project decisions.

What is business intelligence and how could it benefit your business?

Optimise your business performance with existing business resources.

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Get an edge over competitors selling your business products or services. Pick the risk analysis tools you prefer to provide better business analysis and market intelligence.

The purpose of business intelligence is to support better business decision making to protect you better and grow your business faster

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Include business intelligence as part of your business risk management process so that your business decisions are better informed.

Understand how your business operates and how you can run it better. Develop risk management insight. Developing better business intelligence will help you more holistically bring all parts of your business together. Make better use of your existing business resources. Become more productive.

  • Improve your management of your business
  • Dynamically increase your business flexibility
  • Reduce unplanned interruptions to business output
  • Reduce the number of systems used in your workplace to improve productivity and efficiency
  • Build business resilience
  • Seize more opportunities to grow faster

Share your business intelligence to receive business intelligence. Reciprocal collaborative online forums to improve business performance.

  • Access crucial information more easily
  • Reduce procrastination and make quicker business decisions
  • Create a competitive advantage for your business
  • Answer your business questions to overcome barriers to business growth
  • Learn from others experience of business and reduce need to reinvent the wheel to solve your business problems

Access deep risk insight to develop your business risk management knowledge more easily. Build a more successful business quicker.

More developed business intelligence will give you a competitive edge in a highly competitive marketplace in your country or industry. Making quicker decisions may be essential to win new business or reduce business losses. Make your business decisions knowing those decisions are based on clearer risk insight and knowledge to have more confidence in the outcomes of your business decisions.

Working together and sharing risk information can save you money and time at the same time as providing practical insight into what may work well for your business.

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Having a better view of your present circumstances in business can provide you with the chance to make better choices to improve your future in business.

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Entrepreneurs Forum and Online Conference Workshops

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Do you want to or have you founded a business? Want help to build and develop your business? Reduce uncertainty impacting on your success as an entrepreneur. Need an eBusiness mentor to help your business grow faster online?

The next decade is going to be the best decade for entrepreneurs if a couple of pieces of the jigsaw fall into place

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There has been no lack of imagination or invention from people around the world. There has been a lack of entrepreneurship. The big boys have sucked up too much of the investment. People have played it very safe since the financial crisis in 2008. However we feel that the entrepreneurial environment is about to explode in a positive way.

If trade wars around the world particularly between USA China can be resolved then everyone will benefit. It will unblock pent up investment.

Money is actually sloshing about but in safe havens awaiting the right environment to be unleashed. In addition it is historically incredibly cheap to borrow lots more money.

Why is money not being used more productively? Fear! People were burned during the 2008 financial crisis that we are just hauling ourselves out of. If governments around the world invest on infrastructure the future is bright. If trade wars are resolved the future will be even brighter!

The people who act first tend to be the people who reap the rewards of taking risks. If you have a good business idea now is the time to act before someone else does.

Supporting entrepreneurs through good and bad times

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Develop an online store with BusinessRiskTV. Increase the income streams for your existing business. The more you sell for less the more profit you make.

We work with you to digitally enhance your online income more profitably. This helps your business grow faster and builds business resilience so you are less likely to fail.

  • Create a valuable business quicker
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  • Establish your business in your marketplace online

We are creating an entrepreneurial online environment to help entrepreneurs with decision making. Engage in our entrepreneurs forum conference and workshops to:

  • connect with other business leaders develop your risk knowledge
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  • promote and market your business more cost effectively

Listen in and contribute to entrepreneurs workshops and webinars. Sit in at online roundtable discussions. Ask for answers to your business problems. Our risk management experts and your peers may well have already solved your business problem so it is easier for you to do the same quicker and cheaper.

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Businesses operate in a constantly changing world, where the risks faced can be unpredictable, complex, and varied. The potential impact of risks can range from reputational damage to financial loss, and in some cases, threaten the very existence of the business. To ensure sustainable growth and profitability, businesses need to have robust risk management strategies in place that are aligned with their overall objectives and risk appetite. This is where global risk management solutions come into play, providing businesses with the tools, insights, and expertise to manage risks effectively and proactively.

BusinessRiskTV.com is an online platform that provides a range of risk management solutions and services to businesses worldwide. With a network of risk management experts and thought leaders, BusinessRiskTV.com offers a range of resources, including articles, videos, webinars, and tools, to help businesses understand, manage, and mitigate risks effectively. This article will explore some of the key global risk management solutions available on BusinessRiskTV.com and how they can help businesses navigate the complex and ever-changing risk landscape.

Enterprise Risk Management

Enterprise risk management (ERM) is a holistic approach to risk management that involves identifying, assessing, and managing risks across the entire organisation. ERM aims to create a risk-aware culture within the organisation, where risks are considered in all decision-making processes and integrated into the overall strategic planning process. BusinessRiskTV.com offers a range of resources on ERM, including articles, videos, and webinars, that can help businesses develop and implement an effective ERM strategy.

One of the key benefits of ERM is that it provides a comprehensive view of the risks faced by the organisation, allowing businesses to prioritise and allocate resources effectively. By identifying and assessing risks across all areas of the business, including operations, finance, and reputation, businesses can develop a more holistic understanding of their risk profile and take a more proactive approach to risk management.

Business Continuity Management

Business continuity management (BCM) is the process of identifying and managing risks that could disrupt normal business operations. BCM aims to ensure that businesses can continue to operate in the event of a disruption, whether caused by a natural disaster, cyber-attack, or other unexpected event. BusinessRiskTV.com offers a range of resources on BCM, including articles, videos, and webinars, that can help businesses develop and implement an effective BCM strategy.

One of the key benefits of BCM is that it can help businesses minimise the impact of a disruption on their operations and reputation. By developing a comprehensive business continuity plan, businesses can identify the critical functions and processes that must be maintained in the event of a disruption, as well as the steps needed to recover and resume normal operations. This can help businesses minimise the financial and reputational impact of a disruption, and ensure that they can continue to meet the needs of their customers and stakeholders.

Cyber Risk Management

Cyber risk management is the process of identifying, assessing, and managing risks related to information security and technology. With the increasing reliance on technology in business operations, cyber risks have become a major concern for businesses worldwide. Cyber risks can include data breaches, ransomware attacks, and other forms of cybercrime that can result in financial loss, reputational damage, and legal liabilities. BusinessRiskTV.com offers a range of resources on cyber risk management, including articles, videos, and webinars, that can help businesses develop and implement an effective cyber risk management strategy.

One of the key benefits of cyber risk management is that it can help businesses protect their sensitive information and systems from cyber threats. By identifying and assessing cyber risks, businesses can implement appropriate security measures, such as firewalls, antivirus software, and employee training programs, to mitigate the risks. This can help businesses reduce the likelihood and impact of a cyber-attack, and ensure that their operations and reputation are protected.

Compliance and Regulatory Risk Management

Compliance and regulatory risk management involves identifying and managing risks related to compliance with laws, regulations, and industry standards. Compliance risks can arise from a variety of sources, including changes in legislation, non-compliance with industry standards, and breaches of contractual obligations. BusinessRiskTV.com offers a range of resources on compliance and regulatory risk management, including articles, videos, and webinars, that can help businesses develop and implement an effective compliance and regulatory risk management strategy.

One of the key benefits of compliance and regulatory risk management is that it can help businesses avoid legal liabilities and reputational damage. By ensuring that they comply with relevant laws, regulations, and industry standards, businesses can demonstrate their commitment to ethical and responsible business practices. This can help businesses build trust with their customers and stakeholders, and enhance their reputation in the market.

Supply Chain Risk Management

Supply chain risk management involves identifying and managing risks related to the supply chain, including risks related to suppliers, logistics, and transportation. Supply chain risks can include disruptions caused by natural disasters, political instability, and changes in regulations. BusinessRiskTV.com offers a range of resources on supply chain risk management, including articles, videos, and webinars, that can help businesses develop and implement an effective supply chain risk management strategy.

One of the key benefits of supply chain risk management is that it can help businesses minimise the impact of supply chain disruptions on their operations and reputation. By identifying and assessing supply chain risks, businesses can implement appropriate risk mitigation strategies, such as diversifying their supplier base, implementing contingency plans, and enhancing supply chain visibility. This can help businesses reduce the likelihood and impact of supply chain disruptions, and ensure that they can continue to meet the needs of their customers and stakeholders.

In today’s complex and dynamic business environment, managing risks effectively is essential for sustainable growth and profitability. BusinessRiskTV.com offers a range of global risk management solutions that can help businesses identify, assess, and manage risks across all areas of their operations. From enterprise risk management to supply chain risk management, BusinessRiskTV.com provides businesses with the tools, insights, and expertise they need to navigate the complex and ever-changing risk landscape.

By leveraging the resources available on BusinessRiskTV.com, businesses can develop and implement effective risk management strategies that are aligned with their overall objectives and risk appetite. This can help businesses protect their operations and reputation, avoid legal liabilities, and enhance their competitiveness in the market. In short, global risk management solutions available on BusinessRiskTV.com can help businesses navigate the complex and ever-changing risk landscape and achieve sustainable growth and profitability.

Business management questions and answers

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Financial success always beats other stakeholder interests?

Incorporating all stakeholders interests in business decision making with BusinessRisk.com

Do you want financial success in terms on capital value increase and dividend increases? Are you prepared to sacrifice the interests of other stakeholders to achieve this? Is long term business sustainability less important than short term financial success?

You can be very financially successful and still fail. When financial success is pursued at the expense of other stakeholders interest you have a recipe for catastrophic failure eventually.

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Responsible Investing with Environmental Social Governance ESG Risk Analysis

Shareholders and customers are stakeholders in the business performance not just senior management team. Pushing for bonuses at the expense of other stakeholders interests has always resulted in catastrophic losses.

Pick a more balanced risk management strategy for the benefit of all stakeholders

The financial crisis in 2008 is the most recent near systemic collapse due to poor senior management team business decisions. The senior management teams were very good at creating extra value for themselves which will have long term benefits but their customers and shareholders in the financial crisis of 2008 have lost big time and many have yet to recover lost business value.

The sad fact is that shareholders or rather their representatives pension and investment fund managers have accepted and fuelled the poor decision making of senior management teams by being part of the problem. They have misrepresented big business owners long terms interests by allow senior management teams to get away with bad business decision making that only interests the senior management teams not shareholders or customers.

Better Business Decision Making Faster Business Growth More Corporate Enterprise Success

Find ways to grow faster and protect your business better

Senior management teams are not taking enterprise risk management methodology onboard. Too often they pay lip service to the principles and practices of enterprise risk management.

  • Poor risk management cultures continue to dominate
  • Poor compliance standards are being accepted and even encouraged
  • Systemically poor risk management practices flourish on basis of a level playing field. They are doing it to make money so so should we

Enterprise risk management practices and processes need to be improved to prevent future catastrophic systemic collapses in business.

Adopt enterprise risk management methodology to improve your business performance

Guide to better business protection with BusinessRiskTV

Guide to better business protection with BusinessRiskTV

Governments and self regulating bodies need to drive business improvements with carrots and sticks. Personal accountability at board level is necessary before good enterprise risk management practices will be embedded. If business leaders cannot see the wood from the trees than they need to be forced to open their eyes.

Short term greed is prevalent within our corporate structures. If our oversight by governments and professional bodies do not pull their their fingers out then economic and social catastrophes lie ahead in the next decade.

There is more to business than short term profit maximisation. However too many business leaders do not hold to this view. Their greed will take us closer to the cliff edge if they are not forcefully stopped.

Plan for long term business resilience

Do our business leaders and politicians really understand corporate risks and how this will impact on society?

Do they care? Too often the answer must be no. So they must be made to care by other people in our capitalist society. Capitalism is the best system on which to base our future but it should not be left to greedy people to rape the good that comes from capitalism.

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Profit maximising corporations are not the flagships of capitalism. There is more to business life than profit. Reconciling business priorities is not easy. It is made easier with enterprise risk management principles and practices. Develop a more successful stakeholder management strategy for your business with BusinessRiskTV.

Creating business value is not just about creating more profit but we can make you more profitable too

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Use better stakeholder management to drive future success and growth for the long term.

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Do you want to get in front of more potential customers next decade?

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You may have created a good business but could it be doing better in 2020s? How could you attract more potential new customers to your business? Would expanding your business reach improve your profitability?

Create a new business development strategy for more success in the new decade

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Create innovative new income streams with BusinessRiskTV. Invest with us to stand out more from your competition.

Develop a holistic marketing plan for your products or services to reach and influence the consumers. Your new business development strategy will present your business to more potential customers more cost effectively. Take simple steps to improve your online and offline sales performance.

Partner with BusinessRiskTV to boost your business performance

Help us to understand what you really offer? We can then deliver what you need more cost effectively. Deploy the best marketing strategy for your business. We will help you to engage more with potential new customers.

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Develop a new business development strategy for greater success in business

Are you looking for faster business growth? BusinessRiskTV can work with you connect you with more new potential customers.

Find out more about business development opportunities

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Join our business development workshops online

Scan the horizon to see what risks may impact on your business objectives. Connect with others to stay ahead of the game. Use other business leaders experience of risk to inform your business decision making. Protect and grow your business with less uncertainty.

Discover upcoming training opportunities

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Marketing Ideas

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Subscribe to BusinessRiskTV for latest BI Risk Intelligence and global risk insight to your inbox for free

 

Follow BusinessRiskTV for free business risk management insight, risk knowledge and business intelligence. Understand global risks better. Inform your business decision-making for free. Network with business experts locally and globally to solve business problems quicker and cheaper.

 

 

 

 

Global risk insight to inform business decision making. Risk aware business intelligence to avoid mistakes and seize opportunities. Risk management expertise creates BI risk intelligence to reduce uncertainty and increase business confidence. Want to protect your business and pick the best opportunities for growth? BusinessRiskTV online business management community can help you overcome barriers to business success faster. Identify assess and control business risks better. Manage strategic operational and project risks in consultation with other business leaders and risk management experts.

 

  • Country risk experts
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  • Innovative global risk insight and risk knowledge sharing

 

Avoid reduce transfer or accept risks in the right combination for your business. Understand the context with which you have to manage business risks.

 

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BusinessRiskTV business connections and networking services can help your business grow faster with less uncertainty

 

Connect and engage with other business leaders and risk management experts online wherever you are in the world with WiFi connection

 

Gain risk insight into key critical risks impacting on your business objectives. Tap into risk management expertise more easily. More cost effectively address risk management problems. Evaluate business risks holistically. Connect with risk experts and collaborate in risk sharing workshops. Our risk expert network have a wide risk of risk management experience collectively. Shared solutions can be more cost effective.

 

Improve risk management outcomes to boost business performance

 

 

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Put your products or services in front of new people already interested in your type of business offering.

 

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

 

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

 

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Global Networking: Advantages for Businesses

 

Unleashing the Power of Global Networking: Advantages for Businesses

 

In today’s interconnected world, businesses are increasingly recognising the significance of global networking. Building connections and fostering relationships across borders has become a crucial strategy for organisations seeking growth, innovation, and a competitive edge. In this article, we will delve into the numerous advantages that global networking offers to businesses of all sizes and industries. By leveraging the power of connectivity, businesses can unlock new opportunities, gain valuable insights, and expand their reach on a global scale. Read on to discover how global networking can propel your business to new heights.

 

Enhanced Collaboration and Knowledge Sharing:
Global networking opens the doors to collaboration with individuals and organisations from diverse backgrounds, cultures, and expertise. By connecting with professionals worldwide, businesses can tap into a vast pool of knowledge, insights, and perspectives. This exposure to different ideas and approaches fosters innovation and creativity within organisations.

 

Moreover, global networking provides opportunities to participate in conferences, seminars, and industry events, where experts and thought leaders share their expertise. These interactions enable businesses to stay updated with the latest trends, technologies, and best practices, enhancing their competitiveness in the global market.

 

Access to New Markets and Business Opportunities:
One of the most significant advantages of global networking is the ability to access new markets and expand business opportunities beyond borders. By establishing connections with international partners, businesses can gain valuable insights into local markets, consumer preferences, and cultural nuances. This knowledge allows organisations to tailor their products or services to meet the specific needs of diverse markets, increasing their chances of success.

 

Furthermore, global networking provides a platform for businesses to showcase their offerings to a wider audience. Through cross-border collaborations, joint ventures, or strategic partnerships, companies can enter new markets with reduced risks and enhanced market knowledge. This enables them to tap into untapped customer segments, diversify their revenue streams, and drive sustainable growth.

 

Building a Stronger Brand and Reputation:
Global networking offers businesses the opportunity to build a stronger brand and reputation on a global scale. By connecting with influential individuals and organisations, companies can enhance their visibility and credibility within their industry and beyond. Positive endorsements and collaborations with reputable international partners can significantly impact a business’s brand image and attract new customers.

 

Additionally, active participation in global networking events, industry forums, and online communities allows businesses to showcase their expertise, thought leadership, and unique value propositions. This exposure positions them as industry leaders and trusted authorities in their respective domains, further strengthening their brand reputation.

 

Recruitment of Global Talent:
Global networking provides businesses with access to a vast talent pool from around the world. By establishing connections with professionals and organisations internationally, companies can tap into a diverse range of skills, experiences, and perspectives. This enables them to recruit top talent from different cultural and educational backgrounds, bringing fresh ideas and innovative approaches to their teams.

 

Moreover, global networking facilitates the identification of potential partners, suppliers, and collaborators who can contribute to a business’s growth and success. By connecting with like-minded professionals, businesses can build strategic relationships that foster innovation, create synergies, and drive mutual growth.

 

Global networking has emerged as a vital tool for businesses seeking growth, innovation, and success in the global marketplace. By leveraging the advantages of global networking, businesses can enhance collaboration, access new markets, build a stronger brand, and recruit top talent from around the world. Embracing a global mindset and actively participating in networking activities can open doors to unprecedented opportunities and pave the way for long-term success.

 

In an increasingly interconnected world, businesses cannot afford to operate in isolation. Establishing and nurturing global connections allows organisations to stay ahead of the curve and adapt to the rapidly changing global business landscape. Whether it’s through attending international conferences, leveraging online platforms, or forging partnerships with organisations worldwide, businesses can harness the power of global networking to propel their growth.

 

The advantages of global networking for businesses are undeniable. From enhanced collaboration and knowledge sharing to accessing new markets and business opportunities, building a stronger brand and reputation, and recruiting global talent, the benefits are vast. Embracing a global networking mindset is no longer a luxury but a necessity in today’s hyperconnected world.

 

To make the most of global networking, businesses should actively seek opportunities to connect with professionals, industry experts, and potential partners on a global scale. They can explore online networking platforms, join industry-specific communities, participate in international events and conferences, and establish strategic partnerships with organisations in different countries.

 

However, it’s essential to approach global networking with a genuine intent to build meaningful relationships and provide value to others. Networking is not just about self-promotion; it’s about establishing mutually beneficial connections and fostering a collaborative ecosystem.

 

By capitalising on the advantages of global networking, businesses can expand their horizons, tap into new markets, stay abreast of industry trends, and unlock innovation. In this fast-paced and interconnected world, building a strong global network is a powerful asset that can set businesses apart from the competition and pave the way for sustained success.

 

So, don’t wait any longer. Start exploring the world of global networking and unlock the limitless opportunities it offers to take your business to new heights of success in the global marketplace. Embrace the power of connectivity, foster collaborations, and position your business as a global player in your industry. The possibilities are endless when you dare to connect, engage, and grow on a global scale.

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Collaboration in Crisis: Are You Leveraging Your Network? In times of crisis, your network can be your greatest asset. How do you collaborate with industry peers to manage risks? Share your best practices for leveraging relationships and fostering a culture of collaboration in crisis management. BusinessRiskTV.com #networkcollaboration #CollaborationNetwork #Collaboration #BusinessRiskTV #ProRiskManager

 

What is global risk?

 

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Develop a video plan for your video marketing strategy

Create your own digital video strategy to promote and market your business more profitably with BusinessRiskTV.com

Grow your brand audience and business online. Use your own marketing videos to attract more customers. Ask us to create your videos or send us your videos.

Build BusinessRiskTV into your video strategic plans to develop your business faster

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Make your video marketing budget go further.

  1. Make your video marketing more cost effective.
  2. Videos tend to boost business conversation rates. More people click on video than words or even images. People may even share your video to create even more potential new customers.
  3. Videos can tell a better story about your brand and what your business offers.

Sell your brand easier and cheaper

Better Business Performance With BusinessRiskTV

Better Business Performance With BusinessRiskTV

Integrate engaging videos into your marketing campaigns

Promote and market your brand. Get your videos in front of more potential new customers.

Video marketing is highly effective at engaging new people in your business

Create and distribute valuable relevant and consistent business information to attract and retain a clearly defined audience for your country or industry. Drive profitable customer action and business growth.

Need cost effective online marketing options?

Risk Insight Risk Knowledge Business Intelligence BusinessRiskTV

You will find related risk management articles and videos to develop your risk knowledge and business intelligence to improve your business decision making process

Create a video and we will help you get your message across to more people in your target market

Whether you own or manage a business or just have something to say get in touch with us so we can put you in touch with others.

Citizen Journalism Articles

Read citizen journalist articles and watch citizen journalist videos online

Video journalism does not have to be the preserve of the privately educated elite on mainstream media.

We can help you drive what you are passionate about belief in or are concerned about. Create your own video and send it to us. If we like it we will promote it.

Video Journalism

Risk Management Professional Magazine

Read the latest business management features opinions and reviews on BusinessRiskTV

Are you a leader interested in business management?

We work with a network of business leaders and risk management experts to bring you the latest business management news opinions and reviews.

Business Management

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BusinessRiskTV Develop a video plan for your video marketing strategy

Taking more calculated risks

Why calculated risk taking is important with BusinessRiskTV.com

How can a business take more risks to perform better?

Taking more calculated risks in the next decade. Do not fear taking more calculated risks. Business leaders are often afraid to take risks.

What Is key to busness growth
Unlock faster business growth with BusinessRiskTV.com

Taking more risks to achieve more success comes down to risk knowledge and business intelligence. A lack of risk knowledge leads to increased fear. This can result in missed opportunities to grow faster.

  • What are the potential costs of taking more risks?
  • What are the potential benefits of taking more risks?
  • How will taking more risks benefit your business?
  • What are the alternatives?
  • How much better would your business perform if the best case scenario came true?
  • What are the worst outcomes that could happen if you took extra risks and how could you reduce the risk?
  • How bad would it be if the worst case scenario risk event materialised?
  • What would your business look like in 5 years if your risk decisions were taken?

Assessing the risks incorporating both upside and downside risks will enable you to make more balanced business decisions to improve performance.

Guide To Business Enterprise Risk Management ERM
Risk Appetite and Risk Tolerance

Negativity bias means in part we focus more on stopping bad things from happening than creating the environment for great good things to happen. For example, we focus on stopping climate damage instead of investing money in better natural environment. We spend more money to risk control instead of seizing new business opportunities which create risk but also create more rewards for risk takers.

Welcome the threats in the 2020s as they bring opportunities

Embrace the opportunities in the new decade but be risk aware about the threats that come with the opportunities to grow. Work together with our network of business leaders and risk management experts to finish the 2020s better than you started.

Supporting More Informed Decision-Making
Taking Risks To Achieve More In Business With BusinessRiskTV

Subscribe to BusinessRiskTV for freezing alerts and bulletins to your email inbox on how to grow your business faster with less uncertainty

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How to find new customers and increase sales
Targeted Marketing Investment To Hit The Potential Buyers You Need To Grow Your Business Faster

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BusinessRiskTV Taking more calculated risks

Emerging trends in business management

Global and local business management trends with BusinessRiskTV.com

Emerging trends in business management debated risk analysed and risk controls reviewed. What emerging trends in business management must you know about today? Consumers and business decision makers have easy access to business intelligence so business leaders need to use business intelligence more in risk management strategy setting to grow faster. Due to the rapidly changing business environment and increased nationalism it may be better to have shorter supply chains. Alternatively restructure your supply chains to embrace new cost saving opportunities in supply.

Spot emerging trends before your competitors to protect your business better and grow business faster

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Fully adopt new technology to react faster and lower business costs. Evolve more business from existing customers by engaging customers more in your business. Redfine they way you do business to do more business.

Emerging Trends in Business Management

Exploring The Future Of Work Trends and Analysing The Risks To Your Business Your Career and Society
Future Of Work Trends

Identify and understand emerging risks better to inform your decision making quicker. Keep up to date with global and local trends in your industry and country. Tap into our risk management experts networks to solve business problems faster and cheaper.

Subscribe to BusinessRiskTV for free alerts bulletins and reviews on emerging trends in business management

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Beat Your Competitors To New Business Growth with BusinessRiskTV

Grow Your Business With Us
Grow Your Business With Us
Strategy to compete with competitors
Discover How To Beat The Competition In Sales

Promote and market your business on BusinessRiskTV for 12 months

Cheap ways to promote your business

Find out how to promote your business locally and globally. CLICK HERE or email editor@businessrisktv.com entering code #EmergingTrendsInBusinessManagementMarketing

Put your products or services in front of new people already interested in your type of business offering before your competitors do.

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

Emerging Trends In Business Management Directory

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Reach more new customers with BusinessRiskTV.

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Building business relationships and increasing business value

Building effective business relationships with BusinessRiskTV.com

To build business value in your business you may need to increase relationships with like minded business leaders. Work with us for mutual business growth. Discover innovative ways to increase the the value of your business.

Build and maintain a good business relationship with our network of top business leaders

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Whether you are an entrepreneur with a start up business offering or an SME with aspirations to grow faster you can find the answers to your business growth questions. Improve your customer relationships to improve your business brand.

Join our online community to engage more with your customers and prospective customers.

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Offer more to add more to the value of your business. Lower your long term costs to build a more resilient successful business. Increase your business value over time.

Business Collaboration Tools and Ideas Development

Work with others to build a better business for yourself. Building and maintaining relationships can be a more efficient way to increased business success.

Understand and appreciate the value of our growing online community to your business. Increase the value of your online relationships and online business growth opportunities.

What is your business worth? Could you increase its value with a little help from online business relationships?

Innovative Growth Forum

How to improve relationship with new business partners

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Cost effective ways to market your business online with BusinessRiskTV

Cost effective ways to market your business online with BusinessRiskTV

Read risk management articles to grow your business faster and watch videostream trending on BusinessRiskTV

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BusinessRiskTV Building business relationships and increasing business value

UK economic regeneration and business growth

UK business growth and development with BusinessRiskTV.com

Subscribe to BusinessRiskTV to connect and engage with like minded business leaders who wish to find new innovative ways to grow faster more profitably

The UK economy performed relatively well compared to most of Europe. The UK economy has been a job creation machine with record low unemployment levels over recent months. However UK productivity has been poor. UK business leaders need to find new innovative ways to do more business in the UK.

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Reinvigorate local town and regional economies is the key for UK plc economic growth as a whole. BusinessRiskTV supports business start ups and SMEs seeking to grow faster with less uncertainty.

Whilst the London economy is the biggest net contributor to UK government receipts and UK economy as a whole the UK economy can grow faster if all parts of the economy receive equal investment. Recent years has shown that London has received a disproportionate level of investment per head of population. If the distribution of investment was more equitable per head of population then the UK pie as a whole will grow faster.

BusinessRiskTV promotes economic growth and regeneration across the UK. We will review efforts to stimulate economic development in the UK. In addition we can help your business with its business development and growth strategy.

Promote and market your business on BusinessRiskTV for 12 months

Effective Digital Marketing Strategy
Reach influencers key decision makers and the business leaders who will buy from your business

Read business development articles and watch videstream trending on BusinessRiskTV

Startup Success Factors

10 Key Success Factors for Startups: Unlocking the Path to Growth and Prosperity

Startups are the lifeblood of innovation, driving economic growth and fostering entrepreneurial spirit. However, the journey to success is fraught with challenges and risks that can deter even the most promising ventures. To navigate this treacherous landscape, startups must possess a keen understanding of the key success factors that can make or break their endeavors. In this article, we will explore ten essential factors that contribute to startup success, while also highlighting the role that BusinessRiskTV.com can play in supporting startups on their path to prosperity.

  1. Clear Vision and Value Proposition:

A compelling vision, coupled with a well-defined value proposition, serves as the foundation for any successful startup. Entrepreneurs must have a clear understanding of their mission and purpose, enabling them to articulate their unique offering to customers, investors, and employees. BusinessRiskTV.com can provide guidance on refining value propositions and leveraging market insights to enhance a startup’s competitive edge.

  1. Market Analysis and Validation:

Thorough market analysis is essential to identify target customers, assess competition, and evaluate market potential. Startups must validate their assumptions through market research, customer feedback, and pilot testing. BusinessRiskTV.com offers valuable resources and industry knowledge that can assist startups in conducting market research, identifying market gaps, and aligning their product or service offerings with market demand.

  1. Effective Leadership and Team Building:

Building a talented and dedicated team is crucial for a startup’s success. Entrepreneurs must possess strong leadership skills, the ability to inspire and motivate, and a willingness to delegate responsibilities. BusinessRiskTV.com provides insights on effective leadership practices, team-building strategies, and talent acquisition to help startups build high-performing teams.

  1. Scalable Business Model:

A scalable business model is vital for startups aiming to achieve rapid growth. The model should allow for expansion without significant increases in costs. BusinessRiskTV.com can assist startups in developing scalable business models by providing access to industry benchmarks, expert advice, and case studies of successful scaling strategies.

  1. Financial Planning and Resource Management:

Startups must effectively manage their financial resources and develop a robust financial plan to ensure sustainability. BusinessRiskTV.com offers guidance on financial planning, fundraising strategies, and cost optimisation to help startups navigate the complexities of financial management.

  1. Agility and Adaptability:

Startups must be agile and adaptable to respond to changing market dynamics, customer needs, and technological advancements. They should embrace a culture of experimentation and be willing to pivot when necessary. BusinessRiskTV.com promotes agile methodologies, innovation practices, and disruptive thinking, enabling startups to adapt quickly to the evolving business landscape.

  1. Customer-Centric Approach:

Putting customers at the core of their operations is essential for startups. Understanding customer pain points, delivering exceptional experiences, and constantly seeking feedback are critical components of a customer-centric approach. BusinessRiskTV.com offers insights into customer behavior, customer journey mapping, and strategies for building customer loyalty, empowering startups to cultivate strong and lasting customer relationships.

  1. Strategic Partnerships and Networks:

Collaborating with strategic partners and building strong networks can provide startups with access to resources, expertise, and new market opportunities. BusinessRiskTV.com facilitates networking and partnership building by connecting startups with potential investors, mentors, and industry experts, thereby expanding their reach and fostering growth.

  1. Effective Marketing and Branding:

Creating brand awareness and implementing effective marketing strategies is crucial for startups to attract customers and stand out in a crowded marketplace. BusinessRiskTV.com offers guidance on marketing techniques, digital strategies, and branding initiatives, helping startups establish a strong brand presence and gain a competitive edge.

  1. Continuous Learning and Adaptation:

Startups must embrace a culture of continuous learning and improvement. Actively seeking knowledge, staying updated with industry trends, and being open to feedback are essential for long-term success. BusinessRiskTV.com provides access to a wealth of business resources, educational content, and networking opportunities, empowering startups to acquire new skills and stay ahead of the curve.

Startups face numerous challenges on their path to success, but by understanding and implementing these ten key success factors, entrepreneurs can significantly enhance their chances of growth and prosperity. BusinessRiskTV.com serves as a valuable resource for startups, offering support, expertise, and guidance across various domains. Leveraging the resources and insights provided by BusinessRiskTV.com, startups can navigate the uncertainties and mitigate risks, ultimately accelerating their journey towards achieving their goals.

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BusinessRiskTV UK economic regeneration and business growth

The best time to plant a tree was 20 years ago and the second best time is right now

Overcoming procrastination with BusinessRiskTV.com

Procrastination is one of the biggest risks business leaders face. Putting business decisions off until tomorrow is delaying success and future growth. The best time to act to improve your business performance is now.

Manage out the uncertainty of your business decision making process to make better decisions quicker to improve business performance faster

BusinessRiskTV

If you do not make the decision presented to you at least you can say it was not your fault it went tits up! Right? Maybe but your procrastination may be impeding your business performance.

With procrastination you are not managing business risks. You are just delaying the management of risks. Face up to your business risks today!

Many business leaders procrastinate on business risks because they think that risk events will not affect their business or that they have commercial insurance so are adequately protected from business risks. Simply effectively burying head in sand will not change a thing about your business risks. Commercial insurance may provide some money when you really need it however most business risks are uninsured or uninsurable even when you have an insurance policy!

Why procrastination is bad for your business

If you are leading your business and you are a procrastinator you may well miss business growth opportunities. Worse you maybe threatening the survival of your business should a risk event occur and you buried your head in the sand leaving your business unable to cope with the consequences of the risk event materialisation.

A big drain on your business success could be having business planning meetings without actually making changes to the business. Decide what is best and act with more confidence with enterprise risk management ERM!

BusinessRiskTV

Too often business leaders take comfort in talking about changes to the business but do not like the responsibility or accountability arising from actual actions to change the business. It is easy to talk a good game!

Stop avoiding the tough decisions in business

Initiate the changes necessary to improve your business performance. Accomplish more with your existing business resources and stop making excuses or blaming others! Take action and stop procrastinating. Take the right risks for your business success in future.

Guide To Business Enterprise Risk Management ERM
Risk Appetite and Risk Tolerance

Deferring business decisions frustrates most people in your business. Confident business leaders assess the risks and become action takers proactively putting in place cost effective risk management controls.

Get ahead of your competition before the opportunity for business growth disappears for your business

BusinessRiskTV

You may think your procrastination is not damaging your business. Chances are it is in one way or another.

Subscribe to BusinessRiskTV for free alerts and bulletins from top thought leaders on business management

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Benefits of proactive risk management

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BusinessRiskTV The best time to plant a tree was 20 years ago and the second best time is right now

A single conversation with a wise man is worth a month study of books

Advice from risk management experts with BusinessRiskTV.com

Conversation about risk management. Networking with your peers and risk management experts may short circuit identifying what your business should do to overcome business problems. Talk to our network of business management experts to find out what they think is the best thing to do for your business. Tune in online to watch our risk experts responding to other business leader questions to see if you can glean some tips for your business to adopt.

Use the skills and experience of our network of business management experts to inform your business decision making process

BusinessRiskTV

Use BusinessRiskTV as a business resource to develop your risk knowledge and business intelligence.

Telecommunication Industry Business Risks

Connect with risk management experts online with BusinessRiskTV.com

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Growing A Business With BusinessRiskTV

Network with business leaders looking to grow business faster with less uncertainty on BusinessRiskTV

Find out about upcoming online risk management networking events

By subscribing to BusinessRiskTV you will receive alerts and bulletins to your inbox of upcoming events to join from anywhere with Wifi. Discuss your business issues with business management experts.

BusinessRiskTV.com Free Subscription Online

Subscribe to BusinessRiskTV.com for free

Promote and market your business on BusinessRiskTV for 12 months

Put your products or services in front of new people already interested in your type of business offering before your competitors grab your potential online sales.

Cheap ways to promote your business

Find out how to promote your business locally and globally

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

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BusinessRiskTV A single conversation with a wise man is worth a month study of books

You must enter the tigers den to catch his cubs

Advantages of risk taking in business with BusinessRiskTV.com

Business success normally only comes for those who take a few risks. However taking more risks does not automatically exposing your business to unacceptable risks necessary to beat the competition.

Open your business up to new business development opportunities and manage the risks that flow from this better

BusinessRiskTV

You might there are better ways to do what you already do in business or find ways to do new things to grow faster.

Guide To Business Enterprise Risk Management ERM

Risk Appetite and Risk Tolerance

Subscribe to BusinessRiskTV for free alerts and bulletins to your email inbox

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Benefits of proactive risk management

Celebrate Your Online Business Growth With Pro Risk Manager

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BusinessRiskTV You must enter the tigers den to catch his cubs

A blind horse always frightens itself

Business Risk Insight and Business Intelligence with BusinessRiskTV.com

Do not get nervous get prepared! Being better prepared will give you more risk insight. Having a better handle on your business risk profile will give you more confidence. Taking more risks with confidence will increase chances of improve business performance and better business results.

Do not press the panic button
Do not press the panic button

Understanding your business risk profile better will enable you to identify analyse assess and manage business threats and opportunities for greater business resilience and success. Stay calm with risk management knowledge and business intelligence. Know what you do when you need to do it whatever the business environment throws at your business.

Reduce anxiety about making key business decisions and do not let fear of risks stop you or make you procrastinate

BusinessRiskTV

Use our business risk watch service to look ahead at enterprise risks that may impact on your business objectives. Share risk exposure and risk event knowledge with BusinessRiskTV network.

Read our risk reviews of developments in risk management practices. Understand what is increasingly vital to your business success in future. Manage risk in the business better.

Subscribe to BusinessRiskTV for free alerts and bulletins on business risks and risk management practices

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BusinessRiskTV A blind horse always frightens itself

Different locks must be opened with different keys

Enterprise risk management tools and techniques with BusinessRiskTV.com

Different business problems require a different set of skills or experience to overcome. A business problem in your industry or country facing your business may require a different solution from the solution used by your competitors. Indeed a different business solution that fits your business problem may actual reap faster growth or better business protection.

One size does not always fit all

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When looking for a solution to your business problem

  • be flexible
  • take a more risk based holistic risk management approach
  • use the right risk management tools and techniques that fit your business culture and attitude to business risk.

Connect with BusinessRiskTV risk expert network to find the answers to your business questions.

BusinessRiskTV Business Risk Management Solutions

BusinessRiskTV Business Risk Management Solutions

Doing the same things as your business has always done without success is a definition of business madness. Find new innovative ways to help your business grow faster with less uncertainty.

Connect with our local and global risk management experts to find the solution to your business problem

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Develop better business leader skills

Learn effective leadership skills with BusinessRiskTV.com

Develop leaders in your business. Build your business intelligence for better business decision making. Become more proficient at enterprise risk management ERM. Improve your expertise and business competence. Finesse your risk management process. Understand your readiness to take more risks to achieve more in business. Be more savvy with your risk knowledge. Use latest risk management techniques.

Use risk management experts to help you make right choices.

Subscribe to BusinessRiskTV for free alerts to upcoming online leadership development courses

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Develop effective leadership skills

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BusinessRiskTV Develop better business leader skills

Mindfulness can improve your performance

Ways mindfulness can improve your work performance

Maximise your performance by restoring your mind and body with mindfulness techniques. Focus your mind and body on the most difficult task at the beginning of your working day. Do not try to do everything when you start work. Assess what is the most important thing to do to achieve your objectives and do it. This may not be the most urgent thing that needs doing.

Doing what is most important is better for you in long run than doing most urgent things.

BusinessRiskTV

Your business performance may come down to your attitude to risk. However focusing your resources on managing risks better could allow you to embrace business risks more build resilience and achieve better results.

Mindfulness can help you shift your response to business risks.

  • Be more relaxed that your business risks are under control.
  • Encourage a positive risk management culture.
  • Be more creative and innovative.
  • Improve decision making.
  • Encourage more responsible attitude to all stakeholders affected by your business activities

Rebalance your risk management process to take more holistic business risk management decisions. Optimise your business performance.

Subscribe to BusinessRiskTV for free alerts and bulletins on business enterprise risk management principles and best practices

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Key factors that lead to successful businesses

Why will your business be successful?

Subscribe to BusinessRiskTV for free alerts and bulletins on the latest business threats and opportunities for growth to your inbox

Understand business risks. Explore the key factors that lead to successful business. Apply the relevant risk management measures. Take the risk first before the competition clicks on.

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Guide To Business Enterprise Risk Management ERM

Risk Appetite and Risk Tolerance enter code #RiskAppetite

There are a number of key factors that led to successful business. Successful business leaders understand that being in business is about managing the risks from change. Unsuccessful business leaders tend to blame their failures on economic climate changes and their successes on their brilliant business management skills!

The UK retail sector is suffering major painful changes. Tens of thousands of jobs have been lost as major retailers collapsed or contracted. Yet the UK retail marketplace has some examples of major retailers bucking this trend blamed on the UK economy by unsuccessful retail business managers.

By applying their risk management knowledge successful businesses can act quicker and with more confidence it will work out

BusinessRiskTV

Not taking risks is not an option for most business leaders. However many risk factors coming together can appear daunting. Enterprise risk management looks at the big picture and helps you identify the steps to a better business in future.

Find out how to improve your chances of business success with BusinessRiskTV. Take calculated risks to help your business grow faster with less uncertainty. Embrace change and the risks to your business.

Enter code #RiskTolerance

What a business risk assessment should include

Business risk assessment elements should fit your business culture. Some people do not like numbers. Some do. Your business risk assessment template should reflect the culture of your organisation.

A business risk assessment is a systematic process that helps organisations identify, evaluate, and prioritise risks that may impact their operations, financial performance, and reputation. It is an essential tool for managing risk and ensuring the long-term viability of a business.

There are several key elements that a business risk assessment should include:

  1. Identifying the risks: The first step in the risk assessment process is to identify the potential risks that the business may face. This can include internal risks, such as operational inefficiencies or employee misconduct, as well as external risks, such as market changes or natural disasters.
  2. Evaluating the risks: Once the risks have been identified, the next step is to evaluate their potential impact on the business. This includes considering the likelihood of each risk occurring, as well as the potential consequences if it does.
  3. Prioritising the risks: After evaluating the risks, the next step is to prioritise them based on their potential impact on the business. This will help the organisation focus its resources on the most significant risks and develop strategies to mitigate them.
  4. Developing risk management strategies: Once the risks have been prioritised, the next step is to develop strategies to mitigate them. This can include implementing control measures to prevent or reduce the likelihood of risks occurring, or transferring the risk to another party through insurance or other means.
  5. Monitoring and reviewing the risks: The risk assessment process is ongoing and should be regularly reviewed and updated to ensure that it remains relevant and effective. This includes monitoring the risks and identifying any new or emerging risks that may have arisen since the last assessment.

In summary, a business risk assessment should include the following key elements:

  • Identifying the risks
  • Evaluating the risks
  • Prioritizing the risks
  • Developing risk management strategies
  • Monitoring and reviewing the risks

Every business faces risks that could be a threat to its success

The business leaders who are better prepared for these risks and have a cost effective risk management plan and business strategy are more likely to be more successful.

Business Risk Assessment

Enterprise Wide Risk Assessment For Faster Business Growth With Best Use Of Business Assets

Develop a suitable risk assessment process to assist with your risk management plan preparation. Review your existing risk management process to ensure it is fit for purpose in a rapidly changing marketplace. Successful entrepreneurs have a good strategic operational and project risk management attitude and business culture that is flexible enough to cope with any economic environment.

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Factors for successful business

There are numerous factors that can contribute to the success of a business. Here are some key factors that are often considered critical for building and maintaining a successful business:

Clear Vision and Strategy: A successful business requires a clear vision and a well-defined strategy. This includes setting goals, defining the direction of the business, and developing a roadmap to achieve those goals.

Market Research and Understanding Customer Needs: Understanding the market and identifying customer needs are essential for success. Conducting thorough market research, identifying target customers, and tailoring products or services to meet their needs is critical in building a successful business.

Strong Leadership: Effective leadership is crucial for the success of any business. It involves providing direction, making decisions, motivating employees, and fostering a positive work culture. Strong leadership skills help in guiding the business through challenges and achieving the desired outcomes.

Financial Management: Proper financial management, including budgeting, cash flow management, and financial planning, is vital for the long-term success of a business. Sound financial management practices help in ensuring that the business remains financially stable and can weather economic uncertainties.

Quality Products or Services: Delivering high-quality products or services is essential for building a loyal customer base. Providing value to customers and consistently meeting or exceeding their expectations builds trust and helps in retaining customers, which is critical for the success of any business.

Effective Marketing and Branding: Successful businesses understand the importance of effective marketing and branding. Creating a strong brand presence, developing marketing strategies to reach the target audience, and promoting products or services effectively can lead to increased visibility, customer acquisition, and revenue growth.

Innovation and Adaptability: In today’s dynamic business environment, innovation and adaptability are crucial for success. Successful businesses continuously innovate, adapt to changing market trends, and find new ways to stay relevant and competitive in the market.

Efficient Operations and Processes: Streamlining operations and processes can improve efficiency, reduce costs, and enhance customer satisfaction. Implementing effective systems and processes, optimising the supply chain, and leveraging technology can lead to improved productivity and operational excellence.

Talented and Engaged Workforce: A skilled and motivated workforce is vital for the success of any business. Hiring and retaining top talent, providing opportunities for growth and development, fostering a positive work culture, and promoting employee engagement can lead to higher productivity and overall business success.

Customer Relationship Management: Building strong customer relationships is crucial for long-term success. Providing excellent customer service, maintaining open lines of communication, addressing customer feedback, and building customer loyalty are key factors that contribute to the success of a business.
These are some of the key factors that can contribute to the success of a business. However, it’s important to note that success is multifaceted and can vary depending on the industry, market, and individual circumstances. It’s essential to carefully plan, execute, and continuously adapt to changing circumstances to achieve long-term business success.

Strategic Partnerships and Networking: Collaborating with strategic partners and building a strong network can provide valuable opportunities for business growth. Strategic partnerships can help access new markets, share resources, and leverage complementary strengths, while networking can lead to new business leads, partnerships, and valuable industry insights.

Risk Management: Successful businesses recognize the importance of managing risks. This includes identifying and mitigating potential risks, having contingency plans in place, and being prepared to handle unexpected challenges. Effective risk management can help protect the business from potential setbacks and ensure its resilience.

Flexibility and Adaptability: Business environments can change rapidly, and successful businesses are agile and adaptable. Being open to change, willing to pivot when necessary, and embracing innovation can help a business stay ahead of the competition and navigate through uncertainties.

Continuous Learning and Improvement: Successful businesses are always learning and improving. Keeping up with industry trends, staying updated with technology, and seeking feedback from customers and employees can provide valuable insights for making informed decisions and driving continuous improvement.

Strong Customer Focus: Putting the customer at the center of the business is crucial for success. Understanding customer preferences, delivering excellent customer experiences, and building customer loyalty can lead to repeat business, positive word-of-mouth, and a strong brand reputation.

Ethical and Responsible Business Practices: Operating with integrity, practicing ethical business standards, and being socially responsible can build trust and credibility with customers, employees, and other stakeholders. Demonstrating responsible business practices can contribute to long-term success and sustainability.

Resilience and Persistence: Building a successful business is not always easy, and setbacks and failures are inevitable. Successful businesses demonstrate resilience, learn from failures, and persist in the face of challenges. Perseverance, determination, and the ability to bounce back from setbacks are key traits of successful entrepreneurs.

Long-term Planning and Goal-setting: Having a long-term vision and setting realistic goals is important for business success. Long-term planning allows for strategic decision-making, resource allocation, and monitoring progress towards achieving business objectives.

Adapting to Digital Transformation: In today’s digital age, successful businesses embrace digital transformation. This includes leveraging technology for automation, digital marketing, data analysis, and online presence to stay competitive and meet changing customer preferences.

Monitoring and Measuring Key Performance Indicators (KPIs): Successful businesses monitor and measure key performance indicators (KPIs) to track progress, identify areas for improvement, and make data-driven decisions. Regularly analysing KPIs provides insights into the health and performance of the business and helps in making informed decisions.

In conclusion, building and maintaining a successful business requires a combination of various factors. It’s important to have a clear vision, understand the market and customer needs, demonstrate effective leadership, manage finances wisely, deliver quality products or services, market and brand effectively, innovate, and adapt to changing environments. Additionally, building a strong team, managing risks, focusing on customer satisfaction, practicing responsible business ethics, and being resilient and persistent are key factors that contribute to long-term business success.

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