How does your business survive worsening debt crisis

Build your business resilience with BusinessRiskTV

Navigating the Looming Storm: A Guide for Businesses in the Face of Rising Debt and Global Economic Uncertainty

The global economy is facing a confluence of challenges, including rising sovereign, commercial, and personal debt levels, coupled with the looming threat of a global recession in 2024. These interconnected issues pose a significant threat to businesses of all sizes, potentially leading to financial instability, reduced consumer spending, and disruptions in supply chains.

The Rising Debt Crisis: A Cause for Concern

Sovereign debt, the debt owed by governments, has reached unprecedented levels worldwide. According to the International Monetary Fund (IMF), global sovereign debt reached a staggering 238% of global GDP in 2022. This excessive debt burden has raised concerns about countries’ ability to repay their obligations, potentially triggering sovereign debt crises and economic turmoil.

Commercial debt, the debt owed by businesses, has also been on an upward trend, driven by factors such as easy access to credit and expansionary monetary policies. While moderate levels of debt can be a useful tool for financing growth, excessive debt can strain a company’s finances and increase its vulnerability to economic downturns.

Personal debt, the debt owed by individuals, has also reached record highs in many countries. This is partly due to factors such as rising student loan balances, increasing healthcare costs, and the expansion of consumer credit. High levels of personal debt can reduce household spending power, further dampening economic growth.

The Looming Recession: A Threat to Business Stability

Economists are increasingly concerned about the possibility of a global recession in 2024. This recession could be triggered by a number of factors, including rising interest rates, a slowdown in economic growth in major economies, and geopolitical tensions.

A recession would have significant implications for businesses, leading to reduced demand for goods and services, job losses, and increased financial distress. Businesses that are overly reliant on debt may find themselves struggling to service their obligations and could even face bankruptcy.

Preparing for the Storm: Protecting Your Business

In the face of these challenges, business leaders need to take proactive steps to protect their companies and ensure their resilience in the face of economic uncertainty. Here are some key strategies to consider:

  1. Strengthen your balance sheet: Reduce debt levels, build up cash reserves, and improve your liquidity position. This will make your company more resilient to economic shocks and give you more flexibility in the event of a downturn.

  2. Diversify your customer base: Don’t become overly reliant on any single customer or industry. Expand your market reach and develop new customer relationships to reduce your vulnerability to sector-specific downturns.

  3. Focus on cost efficiency: Identify areas where you can reduce costs without compromising quality or customer service. This could involve streamlining operations, renegotiating contracts with suppliers, and adopting new technologies.

  4. Enhance your supply chain resilience: Develop contingency plans to deal with disruptions in your supply chain. This could involve sourcing materials from multiple suppliers, diversifying transportation routes, and investing in inventory management systems.

  5. Communicate effectively with stakeholders: Keep your employees, customers, and investors informed about your company’s plans and strategies. Transparency and open communication can build trust and confidence in your company during challenging times.

The rising debt crisis and the looming global recession pose significant challenges for businesses. However, by taking proactive steps

to strengthen their balance sheets, diversify their customer base, focus on cost efficiency, enhance supply chain resilience, and communicate effectively, businesses can increase their resilience and position themselves for success in the years to come.

More business risk management articles

Sign up for free Risk Alerts

Promote your business to grow faster through uncertain business environment

Sign up for 12 months Pro Risk Manager membership 

Are you seeking growth or safety in 2024?

Poor project management in UK

Making Britain great!


Why the UK Cannot Complete Major Infrastructure Projects on Time and Within Budget

Construction Project Manager Job Vacancies

The UK has a long history of struggling to deliver major infrastructure projects on time and within budget. This has led to a number of high-profile delays and cost overruns, as well as a growing public frustration with the way in which infrastructure projects are managed.

There are a number of factors that contribute to the UK’s poor record on infrastructure delivery. These include:

  • A lack of long-term planning and strategic thinking. The UK government has often been accused of adopting a short-term approach to infrastructure planning, which has led to a lack of consistency and continuity.This has made it difficult to develop a long-term pipeline of projects that can be delivered efficiently.
  • A complex and fragmented procurement process. The UK’s procurement process is often complex and time-consuming,which can lead to delays and cost overruns. This is partly due to the fact that there is a lack of standardisation and consistency across different government departments and agencies.
  • A lack of expertise in managing large infrastructure projects. There is a shortage of skilled project managers in the UK, which can make it difficult to find the right people to lead and manage complex projects. This is compounded by the fact that many project managers in the UK are not properly trained or experienced.
  • A lack of political will to make tough decisions. The UK government has often been unwilling to make the tough decisions that are necessary to deliver major infrastructure projects on time and within budget. This is partly due to a fear of political backlash, but it is also due to a lack of understanding of the importance of infrastructure investment.

These factors have all contributed to a culture of risk aversion within the UK’s infrastructure industry. This has led to a focus on minimising risks rather than maximising value for money. As a result, projects are often over-engineered and over-specified, which leads to delays and cost overruns.

How to improve the UK’s record on infrastructure delivery

There are a number of things that the UK government can do to improve its record on infrastructure delivery. These include:

  • Develop a long-term infrastructure plan. The UK government needs to develop a long-term infrastructure plan that sets out the country’s infrastructure needs for the next 20 to 30 years. This plan should be based on a clear understanding of the country’s economic and social needs, and it should be regularly reviewed and updated.
  • Streamline the procurement process. The UK government needs to streamline the procurement process to make it more efficient and transparent.This could be done by standardising procurement procedures across different government departments and agencies, and by making more use of technology.
  • Invest in training and skills development. The UK government needs to invest in training and skills development to ensure that there is a sufficient supply of skilled project managers. This could be done by supporting professional development programs and by providing funding for apprenticeships and other training initiatives.
  • Make tough decisions. The UK government needs to be willing to make the tough decisions that are necessary to deliver major infrastructure projects on time and within budget. This includes making decisions about project scope, risks, and procurement.
  • Focus on value for money. The UK government needs to focus on value for money when delivering infrastructure projects. This means ensuring that projects are delivered to the highest possible standard, while also ensuring that they are delivered on time and within budget.
  • Improve project management practices. The UK government needs to improve project management practices across the public sector. This could be done by providing training and support to project managers, and by developing and implementing project management standards.
  • Increase investment in infrastructure. The UK government needs to increase investment in infrastructure. This will help to address the country’s infrastructure deficit and create jobs.
  • Publicly disclose project details. The UK government needs to publicly disclose all project details, including costs, risks, and timelines. This will help to improve transparency and accountability.
  • Appoint a dedicated infrastructure minister. The UK government needs to appoint a dedicated infrastructure minister who will be responsible for overseeing the delivery of all major infrastructure projects.

By taking these steps, the UK government can improve its record on infrastructure delivery and ensure that future projects are delivered on time and within budget.

In addition to the above, I would also like to add that the UK government needs to adopt a more collaborative approach to infrastructure delivery. This means working more closely with the private sector, as well as with local communities. By working together, the government and the private sector can share risks and expertise, and develop innovative solutions to infrastructure challenges.

The UK government also needs to be more open to using new technologies, such as modular construction and 3D printing. These technologies can help to reduce the time and cost of delivering infrastructure projects.

Finally, the UK government needs to be more accountable for its performance.

More business risk management news and reviews

Subscribe to business risk management alerts and articles 

Promote your business to grow faster in uncertain world

Join our business risk management club

Poor project management in the UK

How can a business survive during a recession

What should a business do during a recession?

What should a business do during a recession

Many very large businesses have already announced profit warnings. others have stopped recruiting. Central banks are stopping the release of cheap money into the economy. we have said for sometime now, that a global recession is coming to your business. have you prepared your business? What are you waiting for?

Rising unemployment is a common painful fact of a recession. With the current shortage of skills and high employment levels, many are burying their head in the sand about the economic factors which will bring about a global recession within the next 12 to 18 months. Too busy with other problems to think that far ahead, I hear you say? an understandable retort when business resources are limited. however, if you only invest your time and money in fighting current fires, you will always be reactive fighting current fires. taking some time to be more proactive, will enable you to breathe more easily and fight fewer fires.

How can your business prepare for and weather the coming global recession storm:

  • Simply battening down the hatches may not be the way to survive. Waiting for the storm to blow over may result in your business being blown away!
  • Stopping your investment in the right places of your business would be a mistake. knowing which parts of your business are the right parts is the tricky question.
  • Now, before the storm, maybe the time to review your business strategy and come up with an alternative risk management strategy to survive the change in business environment.

Will your business survive and thrive during a recession, perhaps a longer depression?

How can a business grow during a recession

Do you think keeping what you’ve got is the only business strategy to survive a long recession? Could you grow your way out of a recession:

  • Cutting your customer base yourself may be one way to shore-up your business resilience. Most of a business profit comes from a small percentage of its customer base. If your customers just bring turnover not profit they may sink your business not save it!
  • Boosting your productivity maybe an easier win then you think. Working smarter with your existing resources and assets will help your business sweat out more money.
  • Reaching out to more customers and markets maybe a better way to survive. Some of your competitors may have too much fat on their prices. Others may be great businesses but too much debt holes their business development strategy and they may go under. Other businesses will have opportunities from the survival of the fittest not necessarily the biggest or best.

Some businesses and business owners will get rich during the coming global recession. Your business will be affected by the recession, but it doesn’t need to be all bad or fatal.

Business strategy during recession

Managing debt down will be a crucial part of survival. That does not mean stopping spending. It means taking care to spend your money on the right things during a recession.

You need to look again at your decision-making. What are your priorities in a recession, compared to normal business environment?

Laying off workers may be a lazy business strategy. it is an easy obvious way to cut costs but it may mean that you are cutting your own business throat.

What is your business really good at? How can you do more of it? controlling cash flow and unnecessary spending is important, but that does not mean cutting investment in your business future.

Just because a business is big does not mean it will survive, nor does it mean that small businesses will suffer the most during a recession. Some of the biggest businesses that look amazing may have underlying issues that will sink them. small businesses who react quickly may be able to pick up the pieces.

How does the economy affect businesses

The more resilient a business is, the more likely it will be to survive the multitude of risks facing businesses in the current business climate. As a business leader you may not have control over all risk events which occur in the global economy, but you can be prepared for every eventuality.

Recessions affect different businesses differently. Do you understand what could sink your business? Are your risk control measures working? Have you put in place appropriate risk control measures for impending imminent future risks that may develop. is your business prepared?

Want to become a member of our Business Risk Management Club?

More information from previous archived articles and Videos:

What should businesses do in a recession

How to overcome an economic crisis after COVID-19

Products in demand during a recession

Businesses affected during a recession

When will the economic downturn happen

How to overcome economic problems thrown up by a recession

Causes and effects of a recession in the UK

Effects of a recession on families and businesses in the UK

How does our country get out of a recession

How can a business survive during a recession

How can leaders improve decision-making

How to improve decision-making in an organisation with BusinessRiskTV

How to improve decision-making in business

Successful business leaders:

  • Identify the internal and external risk factors driving the key risks impacting negatively and positively on your business objectives.
  • Evaluate options with best perception of risks and establish prioritisation of limited business resources where best outcomes can be anticipated.
  • Navigate risks and uncertainty proactively.

Formalise your decision-making process so you can monitor your good and bad decisions to learn lessons you can act upon to improve your business performance through better business decisions.

Guide your business through the coming uncertainties of your business environment

Create a better more certain future today with help from free subscription to BusinessRiskTV.

Your strategic operational and project decisions will create or destroy your future success in business

Cost effective decision-making in dynamic business environment requires business leaders to understand key business risks. Rethink what will be critical to your success in business.

The fast-paced complex nature of the business world means business leaders must have confidence in their decision-making processes and practices to ensure they make the best decision possible at the right time. Often the right decision is required sooner than later.

Decision-making can be worked on to improve your risk management skills. You need to know how your leadership decisions will impact on your business, preferably before you implement your decision.

BusinessRiskTV can help know more before you act.

How can leaders improve decision-making

Embracing uncertainty in business

Overcoming the difficulties of managing uncertainty with BusinessRiskTV

How can a business grow in uncertain times

Can you shape your business destiny:

  • Is your business prepared for any change in business climate?
  • Do you have a business plan recognising opportunities to grow through any crisis of fortune?
  • What is your strategy for growing through uncertain times?

Subscribe to business risk alerts, news, analysis, review and solutions.

Work on the best strategy for your business in these highly uncertain times

Get help to grow in a business environment which is hard to predict, but through which you need to navigate.

Decision making under uncertainty

Procrastination or failing to take risks can be as damaging as taking calculated risks to achieve business objectives. The uncertainty in business environment is not going to go away. Waiting for the right time may mean you wait forever and it still works out badly for your business.

A recession, even a depression, can be a good tome to beat your competition through business growth

A global recession is coming. It may even turn into years of depression. You may need to rethink your business during the uncertainty that comes during the bad months, perhaps years, ahead.

Work with us to learn how to succeed in uncertain times

We connect with business leaders to manage the risks during heightened uncertainty. The threats to your business have rarely been greater. However, the riskiest business environments create the best tomes for faster business growth.

Embracing Risk in Business: Overcoming Failure and Breaking the Status Quo Trap

If you want success in business you have to take risks and know that if you made bad decisions Plan B, C or D will enable you to recover and still move forward.

In the dynamic world of business, success often hinges on the ability to take risks and make informed decisions. Entrepreneurs and business leaders know that to achieve significant growth, they must step out of their comfort zones and embrace uncertainty. This article explores the importance of risk-taking in business and how it can lead to success. Additionally, we will discuss the strategies to overcome failure, the perils of the status quo trap in decision-making, and the impact of risk on the decision-making process.

  1. Why is risk important in business?
    1.1. Driving Innovation and Growth
    1.2. Seizing Opportunities in a Competitive Market
    1.3. Navigating Uncertainty and Adapting to Change
    1.4. Attracting Investors and Stakeholders
    1.5. Learning and Personal Growth
  2. How do you overcome business failure?
    2.1. Accepting Failure as a Learning Opportunity
    2.2. Analysing and Understanding the Root Causes of Failure
    2.3. Reevaluating and Adjusting Strategies
    2.4. Cultivating Resilience and Perseverance
    2.5. Seeking Mentorship and Learning from Others’ Experiences
    2.6. Leveraging Failure for Future Success
  3. The Status Quo Trap in Decision-Making
    3.1. Defining the Status Quo Trap
    3.2. Recognizing the Dangers of Complacency
    3.3. Assessing the Cost of Inaction
    3.4. Overcoming the Status Quo Trap
    3.5. Encouraging a Culture of Innovation and Change
  4. How Does Risk Affect Decision-Making?
    4.1. Rational vs. Irrational Decision-Making
    4.2. Understanding Risk Appetite and Tolerance
    4.3. Weighing Potential Gains and Losses
    4.4. Mitigating Risks through Analysis and Planning
    4.5. Balancing Risk and Reward
    4.6. Incorporating Risk Management Strategies

To achieve success in business, it is imperative to recognise the significance of risk-taking and the role it plays in driving growth, innovation, and adaptability. Overcoming failure requires resilience, a willingness to learn from mistakes, and a commitment to constantly improve. Moreover, breaking free from the status quo trap empowers decision-makers to challenge conventional thinking and embrace change. By understanding the interplay between risk and decision-making, entrepreneurs can make informed choices that lead to positive outcomes and propel their businesses forward.

Remember, success in business isn’t about avoiding risks altogether but rather about managing and mitigating them effectively. Embrace the unknown, learn from failures, and dare to challenge the status quo — for it is through these actions that true success can be achieved.

Promoting your business

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

More business risk management articles videos and reviews

Embracing uncertainty in business

How do you manage risks better

Work with us to manage business risks better

Are you interested in best ways to improve risk management in your business

Improve risk management with BusinessRiskTV.

How can business leaders increase their risk management knowledge and business intelligence to improve business decision-making?

The challenge is to know which risks to take.

BusinessRiskTV will help you make better business decisions.

Follow us on your preferred social media account or join the best business risk management forum for your country or industry.

Grow your business faster with less uncertainty impacting on your business objectives.

How to effectively manage risk

Increase your control over current and future business risks by acting proactively on the key risks to your business:

  1. Identify the key risks to your business objectives
  2. Analyse the risks
  3. Evaluate the risks
  4. Treat the key risks in the right priority
  5. Monitor and review the risks

Ensure you are using your limited resources cost-effectively.

Risk management techniques to know which business risks to take and which ones not to take

Some business risks are worth taking. Others are not. Prepare for and manage key risks to your business. Develop the best strategy when taking risks to ensure net positive impact on your business objectives.

Business innovation and new business ideas are linked to risk taking. Take calculated risks to grow your business faster.

Develop a systematic way to assess the risks to your future business success. Not all the opportunities for business growth are equal. Pick the best ones for your business with tips advice and support from BusinessRiskTV.

Ways to manage business risks

With limited resources including time and money, prioritising the deployment of resources in best way is most important aspect of effective risk management.

Buying insurance is not the panacea. An insurance portfolio brings its own risk to your business.

Well worded contractual agreements and legal risk management can limit liability and wasted money.

Undertaking good supplier risk management and customer management can also stop risk events or mitigate impact on your business.

Controlling the risks from business expansion can also boost returns on increased sales or revenue.

Many risks with the potential to impact on your business are beyond your control. This is simply another good reason to control the risks within your power to control.

In a dynamic business environment it is important you fully understand your risk exposure so you can pivot and respond to change or risk events.

How to improve risk management with BusinessRiskTV

Keep up to date with changing business marketplace for your country or industry.

Archived risk management articles

  • Benefits of taking risk in a business
  • Financial risks in business
  • Importance of risk-taking in business
  • Why do entrepreneurs take the risk to start or expand a business
  • Why is calculated risk-taking important
  • Business Risk Management Best Practice Guide
  • How to improve risk-taking in entrepreneurship
  • Importance of risk-taking in entrepreneurship

How do you manage risks better

Mega Project Management

Signup for megaproject intelligence and risk management best practices course

Project owners and operators, project managers, project contractors and megaproject stakeholders seeking help tips and support to ensure best practices maintained and best value derived from megaprojects anywhere in world. Megaprojects project intelligence and risk management best practices for big super projects in business sectors including:

  • Infrastructure
  • Mining, Minerals and Metals
  • Financial and Fintech sectors
  • Exploration and Production
  • Fuels Manufacturing and Transportation
  • Airports
  • Power Generation and Transmission
  • Renewable Energy
  • Hydrogen
  • Chemicals
  • Information Technology IT
  • Data Centres
  • Life Sciences
  • Pulp and Paper
  • Food and Consumer Products

Do you see value in improving your ability to manage megaproject risks?

Want to improve your megaproject intelligence and risk management?

Sign up for megaproject intelligence and risk management news, analysis and reviews. Increase your ability to manage mega projects.

Megaproject Project Intelligence and Risk Management Best Practices Course

The Project Intelligence and Risk Management Best Practices Training Course is designed for project owner/operator professionals responsible for risk management, planning, scheduling and control over the lifecycle of megaprojects.

Calculate precisely megaproject progress on thousands of asset work steps. Achieve cost, schedule and quality targets more confidently. Build more trust and transparency into megaproject management and completion for all megaproject stakeholders. Earned Value Intelligence EVI provides a clear way to know what is the actual megaproject progress achieved every day, every week and every month of the megaproject lifecycle. Fulfill contractual and financial obligations.

Advanced work step management functionalities and EVI megaproject analytics are available on any mobile device to help answer your megaproject risk management questions when you need answers quickly and cost-effectively.

Project Intelligence Through Earned Value Intelligence

Focused on megaprojects that include a Front-End Engineering & Design (FEED) phase, the course provides the foundation to face and deal with the contractual challenges of project delivery by multiple contractors, as well as with the challenges that characterise such megaproects. These include:

  • Scope creep issues
  • Contractual claims
  • Cost and schedule slippages
  • Engineering data inconsistencies and gaps
  • Lack of master data
  • Gaps in collaborative team management
  • Distributed geographies of project execution parties
  • Non-uniform project progress tracking and reporting
  • Multi-contractor interface management issues
  • and more …

Find out more about megaproject intelligence and risk management best practices course. Receive alerts to upcoming online courses.

Enter code #MegaprojectTraining

Mega Project Management

Sustaining Business Performance

What makes a business sustainable and profitable

Figure out how to sustain your business in any economic climate. Our corporate risk management services can help guide you through the best and worst of the economic cycles. Protect your business and pivot to expand when risk events occur. Is it time to use creativity and innovative business development ideas to protect and grow your business. Drive your business growth faster, or at least ensure you survive what the world throws at your business.

Do you want to learn how to ensure sustainability of a business

Embrace the changing world. Seek out better ways of growing your business faster.

Pick up innovative ideas for company growth

Engage the right people at the right times from our Business Intelligence sources, Knowledge Marketplace and Business Experts Hub. Business leaders need to take action to survive and prosper as the rapidly changing world can kill those businesses unwilling to change.

What makes a business sustainable and profitable

Sustaining growth in business during global recession

Sustaining Business Performance

Get help and support for your business

Work with us to grow your business faster with less uncertainty

How business leaders can get help and support for business protection and growth

Your business can get advice, help and knowledge or business intelligence to solve most problems. Do you ask others for help to improve your business? Entrepreneurs and business leaders are usually ambitious, independent, and optimistic—and often don’t like asking for help. However, an opportunity to quickly and practically explore potential business solutions can save you time and money.

Few people, if any, have all the best answers to common questions that need answering in a practical pragmatic way. If one solution doesn’t work for you, come back for ideas to inspire you to solve your business problem in a different way. Be positive. By finding out what doesn’t work for your business you are one step closer to finding out what will work.

If you come up against a hurdle to your business success, jump over with the help and support of BusinessRiskTV.

Why is it important to ask for help in business?

Perhaps encouragingly, because if asked people tend to want to help. If you don’t find the complete business solution to your business problem, you may find one piece of the jigsaw that is a catalyst to inspire you to complete the rest by yourself.

How do I ask for help with my business?

There are a number of ways. Some are free to BusinessRiskTV subscribers. Others are only for our members.

BusinessRiskTV Corporate Business Enterprise Risk Management ERM Membership
Click On Image

Our service creates many opportunities for you to protect and grow your business faster with less uncertainty holding you back.

How do you politely ask for help?

We don’t have to work in isolation. You can get help and support for your business from BusinessRiskTV membership. In addition, we facilitate collaboration with other business leaders near you and globally, so you have opportunities to ask other like-minded business leaders how they have already overcome your business hurdles. If you ask politely, respecting their need to solve their own business problems, you will find they can offer insight into how you can improve your business, from their experience of managing their business risks.

Asking for help can lead to business growth

A balanced business risk management strategy should not just look to stop bad things happening to your business. Your business risk management strategy should explore the best business growth opportunities to help you figure out how to expand your sales profitably faster.

Better Business Protection Faster Business Growth Tips Advice Support from BusinessRiskTV.com

We offer a range of opportunities to members to enable them to explore business growth when they want to.

Complex businesses can still be improved by simple practical ideas

The best way forward for your business may not be too complicated with a different look at your problem. Sometimes a different perspective of your problem from fresh eyes can unplug the blockage to your business successfully achieving your business objectives.

Are you nurturing new business relationships?

Talking online to like-minded people can be enormously rewarding. Even if your talking more to other business leaders does nothing more than confirm your own thoughts for best business solutions for your business, it is worth investing in talking more.

Are you making the most of tour investment in your current business relationships? Maybe by inviting them into our circle of like-minded business people you can help your existing business relationships produce more for mutual benefit. For example, our business risk management tools can help you and your existing business relationships identify new business development opportunities for mutual business growth.

Asking for help can be good for your business

We are sure you are ambitious for yourself and your business. Ask others for help, and broaden your network to get it. Seeking advice support and tips from new mentors, peers, partners, suppliers and even new customers can help you to help yourself and them. Examples include but not limited to:

  • Mentors – want the satisfaction of helping others. You can give them a new opportunity to do so by helping your business.
  • Peers – can be your competition, but you may not be competing in the same marketplace. Peers in USA may not be selling in UK so happy to help you in UK. You may even discover opportunities to collaborate to cross-sell into each others market with reciprocal support.
  • Partners – new business partnerships, formal or informal, can be formed to explore business growth for mutual benefit.
  • Suppliers – may be itching for you to buy a better product they offer but a failure in communication means both you and your suppliers are missing out on faster business growth.
  • Customers – you may not have truly understand what they need and you have only scratched the surface of your potential working relationship.

A little more trust and transparency can be derived from better communication. We aspire to improving business risk management communication between all stakeholders in a business including the above stakeholders.

Find new innovative ways of doing business with BusinessRiskTV.

  1. Do you have unsold stock at end of month or unused service capacity?
  2. Are you open to new business development ideas?
  3. Are you prepared to pay a small monthly membership fee to access services aimed at overcoming your business problems including business growth hurdles?

Find out more. Contact us now.

Mention code #Club

Work with business leaders like you

Sign up for free alerts to latest business news, risk analysis and business risk reviews to inform your business decision-making.

 

Get help and support for your business

Problem Of Scarcity

Working together we can overcome the worst

There is a finite amount of stuff available that people and businesses want. It is difficult to manage the risks of accessing, sharing and using limited resources. The problem of scarcity and choice lies at the heart of our immediate and at least medium term business risks and lifestyle quality. Scarcity requires choice from buyers and sellers.

How can we work together to overcome the problems of scarcity

How can we work together to overcome the problems of scarcity

Basic Economic Problem Solution

Working together to grow faster and shelter from bad risk events is the only way to survive and prosper in an increasingly dangerous world.

BusinessRiskTV Corporate Business Enterprise Risk Management ERM Membership
Click On Image

Problem Of Scarcity

Megaproject Roundtable Discussions & Training Sessions

Manage megaproject risks with unprecedented project intelligence analytics and protect value and outcomes with BusinessRiskTV help, tips, advice and training.

Risk Management & Project Intelligence

Managing risk in complex megaprojects with project intelligence you can achieve megaproject results on time delivery, within or even under budget, and with less uncertainty.

  • Improve your megaproject value by improving your risk management knowledge, skills and project intelligence analytics from hundreds of thousands project records.
  • Our convenient, affordable and easy to arrange megaproject risk management courses, workshops and roundtable discussions are designed to make you more knowledgeable of risk management issues and solutions in order to achieve expected project value, more easily with less uncertainty by establishing trust and transparency between the project owners, main contractors, subcontractors and suppliers.
  • Practical learning is delivered by risk management and megaproject experts with decades of experience.
  • You will learn more about key megaproject risks and how to achieve sustainable megaproject value.
  • Excellent value-for-money services provided to you and your team when we transfer to you our risk management and megaproject intelligence skills.
  • Save money on the cost of travel and accommodation. Ensure the success and value of your megaproject.
  • Take your career in project management to the next level.
  • Learn practical ways to manage megaproject risks better.
  • Use real world class systems to help you create more value with less uncertainty.

Do you want to find out more about our megaproject risk management training, workshops and roundtable discussions

Sign up for an attractive, informative and practical online course called Megaproject Risk Intelligence addressing:

  1. Best Practices for Megaprojects Risk Assessment, Management & Prevention
  2. Best Practices for Near-Real Time Megaproject Performance Monitoring & Assessment
  3. Best Practices for integration of Project Performance and Risk Management KPIs
  4. Templates and Analytics for the above

Contact Keith Lewis by scanning LinkedIn code below, or click on button below, to find out when the next online course is. Sign up for the next Megaproject Risk Intelligence course quickly safely and securely with Paypal independent third party payment application. We will never see your full payment details so safe and secure.

Are you responsible for projects and project risk management for megaprojects?

Complex mega projects achieve better for project owners and contractors if the risks of the megaproject are fully understood and the megaproject risk management solution is more holistic and less complicated.

BusinessRiskTV.com Risk Management Workshops
BusinessRiskTV Workshops

BusinessRiskTV megaproject risk management and project value intelligence courses, workshops and roundtable discussions are designed to make complex megaprojects less complicated and more certain of completion on time, within budget and to a high quality of project performance. Our aim is to enhance your risk management knowledge and build project value intelligence. You will understand megaproject risk management better to enable you to manage your mega project more cost-effectively enhancing project value for all parties.

Learn risk management skills and project management value intelligence wherever you are in the world, whatever megaproject you are to be involved in, or are already involved in. Understand the key risks and challenges to megaproject valuation. Achieve great project value with less uncertainty impacting on project outcomes.

Practical learning is delivered online by risk management and megaproject experts with decades of experience. You’ll learn more about key megaproject risks and how to protect and grow megaproject value. Excellent value for money provided when risk management skills and megaproject value intelligence developed online wherever in the world you have good internet connection. Save money on the cost of travel and accommodation. Ensure the success and value of your megaproject. Improve your skills knowledge and project intelligence while you are working. Take your career in project management to the next level. Learn practical ways to manage megaproject risks better. Use real world systems to help you create more value with less uncertainty.

Strategies to improve business performance
Connect with Keith Lewis online now
Project Risk Management Tips Advice Support
Join thousands of people interested in Project Risk Management in our free online forum on LinkedIn
Improve Enterprise Risk Management
Improve Risk Management – Join tens of thousands of people interested in better risk management knowledge intelligence and practices in our free LinkedIn Risk Management Online group.

Megaproject Risk Management Training and Project Value Intelligence Workshops and Roundtable Discussions

Risk Management Experts Webcasts BusinessRisk Business Experts Hub

Increase your chances of success with BusinessRiskTV Risk Management Experts Webcasts

How can I develop my risk management knowledge and business intelligence

BusinessRiskTV regularly hosts free risk management webcasts run by risk expert trainers for your country or industry. The risk management webcasts are free to attend from any device you normally use to access key business risk information and business intelligence. Develop your risk knowledge and business risk management skills.

Enterprise Risk Management Forum
BusinessRiskTV Enterprise Risk Management Think Tank

Upcoming business risk management webcasts BusinessRiskTV

Risk Management Webcast Series BusinessRiskTV

Develop your risk knowledge, business intelligence and business risk management skills with Pro Risk Manager service. Our Pro Risk Manager Service will help you explore the evolution of holistic enterprise-wide risk management in response to the ever-developing world of risks.

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free

Risk Management Experts Webcasts Series

Enterprise Risk Management Expert Panels Online

Enterprise-wide risk management educational risk management webinars and risk management workshops designed to explore common challenges business leaders face every day. Solve corporate governance, business risks and compliance (GRC) issues quicker and cheaper with help from our Business Experts Hub participating in online risk management webcasts.

Use Enterprise Risk Management ERM to boost your business performance and build stronger business resilience

Enterprise Risk Management Training Workshops Online
Enter code #ERMtraining

More: Develop your knowledge of the benefits of holistic enterprise-wide risk management ERM by registering for our own risk management courses.

Business Risk Management Professionals Magazine ERM
BusinessRiskTV Enterprise Risk Management ERM Magazine

More: Read latest risk management news opinions and risk reviews articles and watch live and ondemand video stream

Risk Management Experts Webcasts BusinessRisk Business Experts Hub

What is innovation strategy for your business in UK

Helping businesses to innovate to grow faster

Building wealth innovation stability and opportunities for people in business.

Taking The Leap To Greater Business Success
Take The Leap Into Your Future Business Success With More Confidence

Make the leap! Expand your business thinking. Deliver a successful innovation strategy for your business in with BusinessRiskTV.com. Grow your profits through better products or services innovation and better external communication.

We support businesses innovate by our business experts, business intelligence and innovative business development tools.

Create more value for your customers, your employees and yourself. Harness what is already good in your business and let us help you take your business to the next level!

Reinvent or redesign your corporate strategy to drive faster business growth and generate more business value.

How To Grow Your Small Business

Subscribe for free BusinessRiskTV newsletter and business alerts

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free

What is innovation strategy for your business in UK

In the midst of economic chaos there will be both opportunities and threats for your business

Working to help you succeed in any business environment

Subscribe to BusinessRiskTV for free risk management news alerts, opinions and reviews to inform your key business decisions on survival and business improvement.

The pandemic, the war, the energy crisis, the food crisis and the health crisis will create economic chaos over the next couple of years. That does not mean you might as well shut up shop and go home! When chaos causes other business leaders to fold you need to become even more creative, flexible and dynamic. To prepare for the ensuing economic disaster you need to build on your hard work managing effects of pandemic to cover more issues including continuing supply problems, rising costs and bad debt. You may have thought that now a couple of years after the pandemic started you could start to breath more easily. Unfortunately the economic effects of the pandemic were smoothed out with unprecedented monetary support from global governments. However their magic money tree has died! You are on your own now. Now we will see who really are the good business leaders.

Business Leadership Articles
Business Leadership Articles

More: You do not have to work it out on your own. Our business experts hub is available to you. Tens of thousands of business risk managers locally and globally are in your pocket, on your phone, to help you navigate your way through this economic storm.

We do not yet know and will never know with certainty, what key risks we will have to deal with in business. This is why we are horizon scanning for you. Our risk management experts are analysing and assessing new risks. We are researching and developing new risk management solutions. Subscribe for free to BusinessRiskTV to keep up to date with potential new threats and opportunities for your business.

Business Riskwatch
BusinessRiskTV Business Risk Watch

Business Risk Watch: Join us to be able to respond as quickly as possible to new or changing business risks.

Risk Assessment Questions and Answers
Risk Assessment Questions and Answers

Enterprise Risk Management Magazine: Read risk management articles and watch videos to discover how other business leaders are managing business risks.

Enterprise Risk Management Explained
Enterprise Risk Management Best Practices Explored Online With BusinessRiskTV.com

Knowledge Marketplace: Use our Knowledge Marketplace to increase your country risk or industry risk knowledge.

Enterprise Risk Management Expert Panels Online

More: Sign up for alerts to upcoming country and industry online expert panels to help you solve your business problems better and cheaper.

Enterprise-wide risk management workshops: Receive free alerts to upcoming online risk management workshops you can attend from your mobile phone to improve your risk knowledge and discover new business intelligence.

How to manage risk in business better with BusinessRiskTV
How to manage risk in business better with BusinessRiskTV

Know Your Risk Profile To Know Your Business Better: Our Risk Profiling Workshops will help you understand your business threats and opportunities better.

The BusinessRiskTV Marketplace
The BusinessRiskTV Marketplace

The Marketplace: Our marketplace will help you buy sell to achieve your business objectives more easily.

Online Networking Business
Get connected on BusinessRiskTV.com

Get Connected: Tens of thousands of people interested in managing business risks better are in your pocket on your phone wherever you are in the world to help you overcome your challenges impacting on your business.

In the midst of economic chaos there will be both opportunities and threats for your business

How to value a business with BusinessRiskTV

What type of business valuation are you interested in?

Subscribe to BusinessRiskTV free risk newsletter and risk alerts today to inform your business decision-making in your country and industry.

The price of a share does not tell you the value of a business. The type of business valuation is key in decision-making. What business valuation you are assessing will depend on why you are making a point of valuing a business:

  • The value of a business an employee will want will depend on why the employee is working for a business. Some employees live from pay cheque to pay cheque and regard the business to be worth merely the value of pay received each month or week. Other employees see a business as a stepping stone to next career progression and value the business reputation in the marketplace rather than a monetary value will be of more importance. Other employees want to be fully engaged in the mission of the business and need to be kept fully onboard with business plans to place positive value in the business.
  • Investors traditionally have sought capital appreciation, income or both from their investment in a business. Anything that detracted from profit or revenue generation may not have been welcomed. The proliferation of the Woke Society, if you are ungenerous or socially responsible if kinder, means that ethics social responsibility and good governance (ESG) has meant that many investors want better holistic enterprise risk management (ERM) performance. New jobs have even been created at board level to reflect this, such as Chief Impact Officer responsible for every process that generates any kind of social and environmental impact (as defined by the company’s mission and values).
  • Customers are valuing businesses differently. Many more consumers use their spending power to punish poorly managed businesses in field of ESG or ERM, and reward businesses performing well in the ESG or ERM arena. We used the word arena deliberately as ESG or risk management in general is now often used as a show pony or window dressing when in reality the business is performing badly in the real world of managing all business risks well.

Business leaders will respond to regulation of their business but in the heavily regulated world of financial services, for example, we still find yearly evidence of poor risk management by banks despite nearly two decades passing from the time the banks nearly sent the whole world tumbling over the abyss to total societal collapse due to the banks regulators and politicians failing to manage business risks holistically well in 2008.

Scanning Horizon For Business Threats and Opportunities
Scanning Horizon For Business Threats and Opportunities

More: Join our business experts in Business Risk Watch

Many are frightened that the next 12 to 24 months will see a long period of economic depression due to failure to manage risks well

Think inflation is bad now – you ain’t seen nothing yet! A food shortage will result in millions starving in 3rd world countries and hyper food inflation in 1st world countries. We are not going to starve but we are going to pay for poor business and economic risk management.

The share price of many businesses over the next couple of years are going to collapse. However, the same businesses value will not have fallen, just the share price. Investors including the person in the street through pensions will see the value of their retirement fund drop off a cliff. Employees will lose their pay cheque to pay cheque existence as many will lose their job. Consumers will pay more for the same or poorer products and services. What are you going to do to protect yourself?

More: Keep up to date with latest risk management news opinions and reviews along with tens of thousands of other people interest in better risk management

What can you do to manage the risks to business value?

How To Manage Business Risk
Steps To Managing Upside and Downside Business Risks Better With BusinessRiskTV Pro Risk Manager
  • Employees need to keep to keep abreast of the health of their employers business. They may even be wise to pick a different employer who is stronger if they can assess which businesses are strong and which businesses are weak.
  • Investors maybe better out of the marketplace, or keep up with regular investing. It is counter intuitive. However few can pick the moment of a bear market turning into a depression. The only good thing about a depression is that it will be a good time to invest! Likewise no one can identify the bottom of a market. One solution is to get out of the market but the other is to invest through the depression to get the benefit of the lows to compensate for the loss of the highs.
  • Consumers need to diversify to protect themselves from loss of money in one area. Cash is king just now. However globally governments are even destroying the value of cash in more ways than one! Real wealth is having enough money to pay for your lifestyle without needing to work, for as long as possible. You may outwardly have money but wealth is measured in financial freedom not in currency or other assets. The value of many perhaps most assets is set to fall.

Subscribe to BusinessRiskTV risk management news opinions and reviews for free

Business Risk Management Professionals Magazine ERM
BusinessRiskTV Enterprise Risk Management ERM Magazine
BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free

How to value a business with BusinessRiskTV

Take Risks With BusinessRiskTV

Take the risk or lose the chance to grow faster with BusinessRiskTV

Take The Risk Or Lose The Chance

Follow BusinessRiskTV by subscribing for free today

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free
Guide To Business Enterprise Risk Management ERM
Risk Appetite and Risk Tolerance

Taking calculated risks is the business of the entrepreneur or business leaders. Taking the right risks will make your business more successful. Taking mo risk is condemning your business to a slow death, at best.

See The Road Ahead More Clearly With BusinessRiskTV
See The Road Ahead More Clearly With BusinessRiskTV

More Risk Management Articles Videos and Reviews

Take the Risk or Lose the Chance to Be Better in Business

In business, as in life, there are always risks involved. But sometimes, the only way to achieve success is to take a chance.

A ship in the harbour is safe but that’s not what ships are for.

There are many reasons why it’s important to take risks in business. Here are a few:

  • Risks can lead to innovation. When businesses take risks, they often come up with new and innovative products or services. This can help them to differentiate themselves from their competitors and gain a competitive advantage.
  • Risks can lead to growth. When businesses expand into new markets or launch new products, they often experience growth. This can lead to increased revenue, profits, and market share.
  • Risks can lead to learning. When businesses take risks, they often learn from their mistakes. This can help them to improve their products, services, and processes.

Of course, there is also the risk of failure when taking risks in business. But the potential rewards often outweigh the potential risks.

So, if you’re thinking about starting a business or expanding your existing business, don’t be afraid to take some risks. Just make sure you do your research and plan carefully. And be prepared to learn from your mistakes.

Is it better to take the risk or lose the chance?

The answer to this question depends on your individual circumstances and goals. If you’re willing to take a risk and have a good chance of success, then it may be worth it. However, if you’re not willing to take a risk or the chances of success are slim, then it may be better to play it safe.

Why is it important to take risk in business?

There are several reasons why it’s important to take risks in business. Here are a few:

  • Risk can lead to innovation. Businesses that are willing to take risks are more likely to innovate and come up with new products and services. This can help them to stay ahead of the competition and grow their business.
  • Risk can lead to growth. Businesses that are willing to take risks are more likely to grow their business. This can be done by expanding into new markets, launching new products, or acquiring other businesses.
  • Risk can lead to learning. Businesses that are willing to take risks are more likely to learn from their mistakes. This can help them to improve their products, services, and processes.

Is it worth it to take risk business?

Whether or not it’s worth it to take risks in business depends on a number of factors, including the size of the risk, the potential reward, and the likelihood of success.

In general, it’s only worth taking risks that have a good chance of success and that are worth the potential reward. For example, it may not be worth taking a risk on a new product that has a small market potential. However, it may be worth taking a risk on a new product that has a large market potential and that can be produced at a low cost.

What does take risks mean in business?

Taking risks in business means being willing to try new things, even if there is a chance of failure. It means being willing to step outside of your comfort zone and explore new opportunities. It also means being willing to learn from your mistakes and keep moving forward.

Taking risks is not always easy, but it can be very rewarding. When you take risks, you have the potential to achieve great things. You can grow your business, innovate new products, and reach new markets. So, if you’re looking to achieve success in business, don’t be afraid to take some risks.

Here are some tips for taking risks in business:

  • Do your research. Before you take any risks, make sure you do your research and understand the potential risks and rewards.
  • Plan carefully. Once you’ve done your research, create a plan for how you’re going to mitigate the risks and maximize the rewards.
  • Be prepared to fail. Even if you do everything right, there’s always a chance that you’ll fail. Be prepared to learn from your mistakes and move on.
  • Don’t give up. If you fail, don’t give up. Learn from your mistakes and keep trying.

Taking risks can be scary, but it’s also an essential part of business success. If you’re willing to take some risks, you’ll be well on your way to achieving your goals.

https://businessrisktv.com/business-club-membership/
https://businessrisktv.com/about/enterprise-risk-magazine/
https://businessrisktv.com/business-risk-experts/risk-management-think-tank/
https://businessrisktv.com/academy/
https://businessrisktv.com/business-development-service/
https://businessrisktv.com/risk-insight-business-intelligence/riskwatch/
https://businessrisktv.com/risk-management-jobs-2/
https://businessrisktv.com/marketplace/business-risk-management-marketplace/
https://businessrisktv.com/business-tips/money-saving-ideas-for-companies-individuals/
https://businessrisktv.com/business-agony-uncle/

Take Risks With BusinessRiskTV

How can a business embrace change

Take action now to improve your risk management culture with BusinessRiskTV

Collaborate with BusinessRiskTV to grow your business faster with less uncertainty

More : Want all the latest risk management news analysis and reviews for free? Sign up for our risk newsletter or follow us on your preferred social media account.

Businesses must be able to benefit from change. We explore the importance of adapting to change in a business. What are the benefits of change in the workplace. Changes in business can be necessary due to external and internal business risk factors. Not all change has to be major. Small incremental changes, combined, can be more effective and beneficial to your business than giant leaps. Constant major changes can also be counterproductive.

  • What are the negative effects of change in business?
  • What are the positive effects of change in business?
  • Learn how to embrace change and innovation in your company.

Today’s organisation’s must embrace change to survive and prosper. Ensure your business has a culture of looking at change as an opportunity to improve not something to fear or resist. Explain the importance of accepting change positively to your employees and customers.

  • Employees will develop new skills which will make them more valuable to you but also more valuable in the marketplace.
  • Employees will have new opportunities to be more creative in alignment with new business objectives so both can navigate choppy market conditions.
  • Employees will become more engaged with and committed to your business as their ideas will help grow the business and their role within the business.

Sell the benefits of a constantly changing business to your employees so they can help you not run away from your business.

Innovative Business Leadership

Developing creativity and innovation in business

More Innovation Grows More Success In Business: Do you want to survive in business?

Why should businesses embrace change?

Innovative Business Ideas

More: Find Out More About Business Innovation Opportunities and Ideas for Business Click Here

We look at why change is important. Explain the importance of accepting change positively. Not forgetting both the negative and positive effects of change in the workplace. Control the negative effects of change while enhancing the positive effects of change.

Embracing change means embracing failure. Not all changes will be successful. However if employees feel that their ideas and failure of ideas will be accepted without recrimination and even rewarded, you will find the gems in the rough that will boost your business development.

You need and plan and a process to filter the ideas. Your plan needs to engage all levels of your organisation not just the management team.

Embracing change will help your business find and develop new ideas and opportunities to grow faster. Change in business is inevitable so why not embrace it positively at all times to get the best out of it and mitigate anything bad about change. Embracing change is essential for the future success and growth of your business so adopting a culture and a habit of embracing change will supercharge your growth. Change will no longer threaten your survival in business.

What are the benefits to customers when a business changes?

Adapt your business and embrace change to benefit old and new customers. A culture of embracing change and a process for managing risks of change will lead to more satisfied customers as well as more engaged workforce.

Guide To Enterprise Risk Management ERM
Guide To Enterprise Risk Management ERM

How can you promote the benefits of change?

By involving BusinessRiskTV

Business Leadership Articles
Business Leadership Articles

Much innovation is born out of necessity – for example during times of war. The COVID period maybe our time of war. It as certainly led to the worst economic period for several hundred years including from two world wars. What we can learn from Abandoned Engineering on Yesterday Channel is that our forefathers have invested incredible amounts of money and energy in ideas that failed for various different reasons. If you want your business to be resilience regardless of the economic environment you need to adopt the right risk management strategy to give your business the best chance of surviving in all economic weather. We may think we have been unlucky. However, all previous generations have had their challenges. Our challenge is to be innovative, creative and resilient no matter what is thrown at us.

Retail Risk Management Tips Advice and Support

The opportunities for increasing retail-based business income remain huge for innovative retailers looking to the future not to return to past

Virtual Risk Summit

Virtual Risk Management Conference: Want to improve your knowledge of business risks? Need to reduce the time spent on keeping up to date with risk management information important for your business success? Need to access risk information quickly and easily from your phone?

How can a business embrace change

Protecting your business from risk of recession and inflation

Surely we are not going to swing from fastest economic growth to economic depression?

Business Strategy During Recession

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free alerts to latest risk management articles videos and workshops. Connect to risk management experts locally and globally.
  • How do you recession-proof your business?
  • How can we protect from inflation?
  • How to prepare for inflation at home?

The impact of recession on businesses is severe. However inflation can be the precursor of a recession. Central banks are charged with the responsibility of keeping inflation under control partly to ward against recession or depression. Healthy inflation is generally regarded as 2 percent. Many countries are experiencing at least 3 times healthy inflation. Some key economies are experiencing much more than that just now. In other words the biggest economies are suffering from very unhealthy inflation levels. Most central banks have not responded fast enough and should gave started increasing interest rates earlier to control inflation. Some have not even started to control inflation. The long-tail effect of increasing interest rates means that for next 6 months at least inflation will remain out of control. The war in Ukraine may even mean inflation is uncontrollable for years. Out if control inflation leads to a recession at best and depression at worst!

More: Discover how to spread your business risks more by expanding into new online marketplaces.

More: Reduce your business costs by buying more inexpensively with BusinessRiskTV.

Now is not the time to pat yourself on the back. Surviving pandemic was good, but the next existential threats to your business are already here or rushing towards you.

Rising inflation means that consumers and business decision-makers have the same money but it doesn’t go as far as it once did. The end result is that they buy fewer products and services. Inflation is a driver of a recession. Back to back crisis’s caused by pandemic, war, fuel, energy, fertiliser and food shortages or rising prices could result in extended global recession that turns into a global depression. The global pandemic caused the deepest recession since the Second World War and the world has used all its tools, including record low interest rates and extended Quantitative Easing QE, to scramble back out of the recession. However it means the world is particularly vulnerable just now – with economic risk management tools exhausted or trying to recover.

What Can Governments Do To Reduce Inflation

Reducing Inflation Strategies

Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time. It can be caused by a variety of factors, including rising costs of production, increased demand for goods and services, and monetary policy decisions made by central banks.

Governments can take several measures to reduce inflation, including:

  1. Monetary policy: Central banks can raise interest rates to curb inflation. Higher interest rates make borrowing more expensive, which can slow down economic growth and reduce demand for goods and services.
  2. Fiscal policy: Governments can reduce government spending and increase taxes to slow down economic growth and reduce demand for goods and services.
  3. Price controls: Governments can impose price controls on certain goods and services to keep prices from rising too quickly. However, this can lead to shortages and reduced incentives for producers to supply goods and services.
  4. Supply-side policies: Governments can take steps to increase the supply of goods and services, such as by investing in infrastructure and education, and by reducing regulations that limit the ability of firms to produce goods and services.
  5. Flexible exchange rates: Governments can allow their currency to fluctuate in value against other currencies. A stronger currency will make imports cheaper and can help to reduce inflation.
  6. Price stability target: Central banks and governments can jointly agree on a target for inflation, and use monetary and fiscal policy to achieve that target.

It’s important to note that reducing inflation is not always the best course of action for an economy. Sometimes, a moderate level of inflation can be beneficial for economic growth, especially in developing countries. It’s important for governments to weigh the costs and benefits of different policies to reduce inflation and make the best decision for their economy.

Many central banks have an inflation target of between 2 percent and 3 percent – seen has healthy level of inflation

BusinessRiskTV

In conclusion, governments have several tools at their disposal to reduce inflation, including monetary and fiscal policy, price controls, supply-side policies, flexible exchange rates, and price stability target. However, it’s important to consider the costs and benefits of each policy before implementing them.

Strategies for business survival during a recession

Businesses fold quickly during a recession. Before you know it, you are losing both suppliers and customers. Both can damage your business and even threaten an otherwise successful business survival. Set a Key Performance Indicator KPI to help you monitor your risk management in this area of your business. A Key Control Indicator KCI could be that no more than 10 percent of your key supply’s come from any single supplier. Likewise a KCI could be that no more than 10 percent comes from a single customer. If you stick to your KCI then the failure of any one customer or supplier is not going to pull your business down with their failure to manage recession risk.

What you set your KCIs at will vary depending on your financial strength, type of industry and current resources. You may never hit your KCIs but they flag up when action is needed or your progress towards better recession risk control.

Expanding your customer base is not just about expanding your business. It is about protecting your business from loss of business. Expanding your suppliers could increase the overall cost of supply during good times thereby limiting your profit. Your management team needs to decide what level of risk you are exposed to, the type of risks and your appetite and resilience to risk.

We are moving from pandemic survival to rapid business development. If you focus your energy on growing your business faster organically with new customers you can ride the economic wave through the various threats to your business.

Boost Your Business Today
Upgrade Your Business Today

Grow your business faster through threats

More: Make your marketing budget go further with BusinessRiskTV.

How To Deal With Inflation In A Business

Just before a business falls flat on its face it can seem that the world was its oyster! The world seems to be dragging itself out of the economic damage of a global pandemic. We are seeing economic expansion at or near record rates across the world. Wages are rising and many countries have unfilled job vacancies galore! What could go wrong? Answer is out of control inflation turning into a recession and high unemployment.

The world has shot its bolt. Due to the economic impact of the global pandemic central banks have slashed interest rates to the bone and in a few cases into the bone! There is no wiggle room left to cope with another economic disaster. Trouble is nobody told our political leaders and they have led us into the next economic disaster on back of an inflationary crisis on back of war, food crisis and energy crisis. You wait for a financial crisis to come around every 10 years then several come along at once!

Inflation may have given you a good opportunity to inflate your prices. The good times are slipping away. Your pricing model may have brought in easy money that will be useful. Times are changing and you may think that new opportunities are appearing for business growth.

Stay on top of your business changing needs:

  • Profits are cut due to rising costs due to inflationary pressures. Make sure you focus on market prices to seize opportunities appearing in your marketplace. Instead of raising your prices think about reducing your costs or making your offering more attractive to new customers.
  • Cash is king now! Take steps to improve or maintain cash flow. Pay later and get paid quicker.
  • Win new customers. Make sure you your marketing and sales development budget is working hard for you.

As interest rates rise there will be bargains. Minimise your outgoings. Reduce your overheads.

Hopefully you took advantage of cheap money. However the days of cheap money have passed or are passing. Now is the time to think about paying off debt. The rising cost of debt could pull down countries never mind companies! Make sure your business is not wasting profit on back of your cost of debt. Controlling your costs will help you to be more competitive in tightening marketplace.

World central banks need to act more quickly and more aggressively to calm inflation rates around the world to prevent a global recession and perhaps even global depression from 2023 onwards. This includes increasing interest rates and increasing interest rates in bigger leaps and bounds.

Business Risk Management Professionals Magazine ERM
BusinessRiskTV Enterprise Risk Management ERM Magazine

Healthy Inflation Level

What is a healthy level of inflation

A healthy level of inflation is generally considered to be around 2% per year.

Why 2 percent?

2% inflation per year is considered healthy because it allows for some economic growth while still maintaining stability in the purchasing power of money. It is a rate that is low enough to prevent rapid changes in the cost of goods and services, but high enough to encourage investments and borrowing. However, the specific level of inflation that is considered healthy can vary depending on a country’s economic conditions and goals.

Who thinks this?

The idea that 2% inflation is a healthy level is widely accepted among central banks and economists. This is because it provides a balance between stable prices and economic growth, and has been found to be compatible with low unemployment and stable financial markets in many countries. The Federal Reserve in the United States, the European Central Bank, and the Bank of England, among others, target an inflation rate of around 2%.

How do you reach this target?

Central banks use a variety of tools to reach their inflation target. The most common method is through the manipulation of interest rates. By adjusting interest rates, central banks can influence borrowing costs, which in turn can affect spending and investment decisions. This can then influence the overall level of demand in the economy, which affects prices.

In addition to interest rates, central banks can also use other monetary policy tools, such as buying and selling government securities in the open market, to reach their inflation target.

In some cases, central banks may also use forward guidance, where they provide information about their future plans for interest rates, to influence market expectations and help reach their inflation target.

It’s worth noting that hitting an exact inflation target can be challenging, and central banks may sometimes miss their target due to various economic and financial factors outside of their control.

Is inflation transitory?
Enterprise Risk Management Training Workshops Online

Protecting your business from risk of recession and inflation

Risk Based Approach To Business Success

Manage your business better with more confidence

Risk based approach in business management. The benefits of risk-based approach include a better understanding of what is really important for your business success. Assess and manage your business risks better.

  • Identify the key risks for your business to ensure you know what you need to focus your mind and money on.
  • Take action to maximise your ability to maintain and boost your business performance.
  • Monitor your progress towards your business objectives in a systematic way to minimise gaps and protect against changing risk exposure.
  • Make best use of your limited assets and resources to avoid wasted money and effort.
  • Develop a flexible business management strategy to better manage the dynamic world of business.

Think more systematically about your business development.

How do you use risk based approach in business

Find out more about free business risk management newsletters and Risk Alerts for your country and industry. Engage with like-minded business leaders to grow your business faster with less uncertainty. Develop your business risk management skills and knowledge with online risk management training courses and workshops.

Risk-Based Approach To Business Success

Fix My Business Problems

Discover how to solve business problems with BusinessRiskTV

Get the best people to help you fix your business problems. Our risk experts hub can help you parachute in help at the right time more affordably for the correct amount of time. Sharpen your competitive edge to help your business succeed. Track the latest risk management information to inform your business decision-making process. Ensure you are not wasting money on poor business options and maximise the return on your available cash.

How can you solve the business problems holding your business back

  • Identify and clearly define the threats and opportunities impacting on your business objectives. When you understand the issues that could impact on your business you can focus your money and time on the things that matter to your business success or failure.
  • Pursue the opportunities most likely to help you achieve your business objectives.
  • Adopt a risk management process which will help you make better business decisions by reducing uncertainty.
  • Evaluate the solutions to your most important business issues to maximise the return on your investment of time Nd money.
  • Prioritise your risk management actions to maximise your business protection and seize new business opportunities quicker.

What are common business problems

  • Uncertainty is not managed cost effectively. Either too much or too little risk is taken in pursuit of business success.
  • Poor financial management can lead to wasted money reducing chance of success or increasing risk of failure.
  • Failure to monitor business progress or lack of progress. Know your key performance indicators and monitor them regularly to enable you to take early corrective action. Even the best business plans fail a little when put into practice.
  • Failure to comply with the rules of your business. Failure to comply can impact on you personally.
  • Failing to call upon the best people to help you achieve your business objectives could mean your amazing business ideas fail, not because you were mistaken, but due to failure to implement your business plans in best way.
  • Failing to gather risk information to help you make best business decisions at the right time.
  • Failing to use best tools plant and equipment may mean you just can’t compete with your competitors cost effectively to survive in business.

Subscribe to BusinessRiskTV for free alerts to latest risk management news opinions and reviews

Fix My Business Problems

How Do I Increase My Market Share

Selling through new channels or into new markets with BusinessRiskTV

Expand your customer base to include similar people who are not currently customers. Increase your market share online. Without significantly increasing your effort you put into sales development increase your share of online sales in your country or industry. Our innovative approach to engaging new customers online will grow your profit faster.

Audience Engagement Strategies

How to engage more customers online

How to gain market share from your competitors

Sell More Profitably In Our Online Shops

Subscribe to BusinessRiskTV.com Pro Risk Manager Service to Protect and Grow Your Business Faster With Less Uncertainty

Get ahead of your competitors in the race to grow your customer base. More easily market your business products or services to wider audience. Find new niche markets presently underserved by your competitors.

Our innovative marketing and sales development will engage your target market so you can sell more to them

Boost Your Business Today

Upgrade Your Business Today

We help you sell more to active and passive online buyers or help you build your brand and online presence.

  • Showcase your products or services online to build your brand online
  • Target your market more effectively to save money, expand sales and grow your profit
  • Be more innovative in your approach to sales development
  • Build in marketing and sales development flexibility to respond more quickly to new sales opportunities to beat your competition to new sales growth
  • connect with more new people with the inclination and money to buy your products or services now

Take more market share from your competitors with help from BusinessRiskTV. Present great buying opportunities to inactive prospective buyers to develop new sales opportunities before your competitors do.

Your market share can be increased by increasing your visibility and ease of sales process online

Get a free proposal from BusinessRiskTV to discover how easy and inexpensive it is to grow your business profit.

How to find new customers and increase sales

Targeted Marketing Investment To Hit The Potential Buyers You Need To Grow Your Business Faster

Or email [email protected]

How Do I Increase My Market Share

You don’t need to know all the answers you just need to know where to get all the answers

BusinessRiskTV Business Experts Hub

Business questions and answers

Question Answer Online Service. If you do not know the answer, we know someone who does! Get connected to the best people who can help you in your industry or country.

Business questions and answers
What are the most important questions a business should answer?

Finding answers to your questions

Risk Management Experts

Business Experts Hub

Our business experts and business leaders on our experts hub have the answers to your questions. Avoid the pain of making your own mistakes in business. Instead learn the lessons from other peoples mistakes and experiences in business.

It’s okay is you don’t have all the answers

Understand Key Threats And Opportunities

Use risk management experts to help you make right choices

You can’t be expected to know everything you need to know in business. Knowing what you don’t know is the first key step in finding the best best solutions for your business problems.

How to find the answers to your key business risk management questions

Subscribe to BusinessRiskTV to register for BusinessRiskTV free alerts to upcoming news reviews and online risk management workshops.

Email [email protected]

Overcoming Choice Paralysis with BusinessRiskTV Business Experts Hub

Choice paralysis is a consequence of too many choices. Every business leader gets the rewards or penalties they have earned from the choices they make in their business.

There are disadvantages of having too many choices. It is impossible for every choice in front of you to maximise the return in your investment of time and money. We help you to increase the likelihood of success deriving from your business decisions and maximise the size of the benefits coming from your business decisions.

Paralysis can be a consequence of having too many choices

BusinessRiskTV

The benefits of too many choices are that you have before you an amazing opportunity to grow your business faster. We help you to pick the best opportunities and make the best opportunities deliver the best results for your business.

How To Increase Sales More Sustainably In Business

Learn how to deal with choice overload in business

Better Business Decision Making Faster Business Growth More Corporate Enterprise Success
Find ways to grow faster and protect your business better

Contact us to stop procrastinating on decisions now that will define your success in future.

You don’t need to know all the answers you just need to know where to get all the answers

Taking No Risk Is The Biggest Risk To Your Business

Are you looking to boost your business performance

If your business risk management strategy is to not take risks it is likely that your business will die quickly or slowly, but fail it will

The consequences of not taking risks in business is that your risk control costs will make your business uncompetitive in your marketplace, or you will miss business opportunities to grow faster. The risk of doing nothing is an inevitable death of your business. Intelligently taking more risk can mitigate the risks not working out and boost the return on your investment of time and money in your business. Take a business risk with more confidence with BusinessRiskTV.

Guide to being more successful entrepreneur or intrapreneur
Supporting Entrepreneurs and Intrapreneurs

The biggest risk is taking no risk at all

Business leaders have to take risks to survive and prosper in their chosen marketplace. This does not mean business leaders should be reckless. It just means they need to be mindful of the key business risks that do impact on the objectives of the business.

Failing to plan does mean you are planning to fail. However even the best laid business plan can fail when exposed to the vagaries of the business marketplace. Your business risk management plan needs to be flexible and it needs regular reviewing to ensure it is working efficiently.

Business Coaching Services
Business Coaching Services

The best risks to take are the ones you can direct into your favour. Luck will always play its part in risk taking, but you can take risk with confidence if you have the right risk management process embedded in your business decision-making.

Why taking no risk is the biggest risk

The world of business is changing at an ever faster rate. Children born today will do jobs that have not even been invented yet.

It is often said that me learn more from our mistakes than from our successes. Not taking risks may mean you make fewer mistakes, but you may also miss the opportunities to grow faster from ways you could not have envisaged prior to taking a risk. Taking a known risk, even if you don’t know all the possible outcomes, can teach you something that can drive your business forward faster. Without business risk there is no innovation in business. Being good at taking risks means you can optimise your business performance.

Boost Your Business Today
Upgrade Your Business Today

Subscribe for free alerts to BusinessRiskTV latest business risk management news and reviews

Enter code #RiskManagement

Taking No Risk Is The Biggest Risk To Your Business

The Risk Expert BusinessRiskTV Business Risk Experts

Risk management news analysis and review with BusinessRiskTV business risk experts

BusinessRiskTV The Risk Expert service to protect and grow your business faster with less uncertainty. Pick the best risk expert for your country or industry to solve your business problems faster and better.

  • Ask an expert for the answer to frequently asked questions.
  • Work with risk experts to boost your business income.
  • Overcome key threats to your business plans more easily and more cost effectively.

Understand your key business risks. Improve your business performance. Sleep more easily knowing you have reduced uncertainty impacting on your business.

Subscribe for free alerts and updates on latest risk management tips News and reviews

Business Enterprise Risk Management ERM Tips Advice Support

Enter code #TheRiskExpert

Enterprise Risk Management Magazine

Business Risk Management Professionals Magazine ERM

BusinessRiskTV Enterprise Risk Management ERM Magazine

Read enterprise risk management articles to help inform your business decision-making. Keep up to date with latest business risk management news and reviews.

Risk Reviews By Country and Industry

Industry Risk Factors
Exploring Industry Risk Factors Including Emerging and Developing Risk Analysis and Risk Management

Discover what’s new in your industry with BusinessRiskTV articles, webinars and workshops.

How To Advertise Internationally

Sell Internationally Online With BusinessRiskTV

Sell more in your own country or discover new business development opportunities in other countries on BusinessRiskTV.

The Risk Expert Live

Business Opportunities and Threats

Business Threats and Opportunities Live

Engage with risk experts to solve your business problems.

Business Risk Management Training

Enterprise Risk Management Training Workshops Online
Risk Management eLearning and mLearning
Risk Management eLearning and mLearning

Business Networking Online

Online Networking Business

Get connected on BusinessRiskTV.com

Connect with business leaders locally and globally online.

The Risk Expert BusinessRiskTV Business Risk Experts

Managing unpredictable risk events better

Plan for a better future with BusinessRiskTV

Improve your risk management strategies to deal with risk events with BusinessRiskTV

  • What is the most efficient way to manage your potential risk events?
  • Why is it important that your risk management strategy is dynamic?
  • Why is your risk management strategy important for your business performance?

If you get your business risk management strategies right you will build in business resilience for any business risk events. If you get your business risk management strategies wrong your business performance may falter at best or your business may suffer fatal catastrophic collapse at worst.

Business risk management strategies for dealing with unpredictable risk events

Is a risk management strategy possible for all your key risk events? Can you predict what will happen to your business in future and therefore prepare your business for all key risk events?

Strategy to compete with competitors

Discover How To Beat The Competition In Sales

If you identify all the key threats and opportunities for your business plans you can make the most efficient use of your limited resources to prepare for all risk management actions.

Having a dynamic risk management strategy will meet your future risk management needs

Business Risk Profiling

Business Risk Profile Assessment

Dealing with unpredictable future requires dynamic risk assessment process. Your key risk assessments are ongoing not a one-off exercise.

Discover better risk management tools to manage your business resilience better with BusinessRiskTV

Business Intelligence Magazine

Business Intelligence Magazine

Inform your business business decision making in an unpredictable business environment with business risk management news opinions and reviews. Learn from business risk management experts and industry leaders during online business risk management workshops. Network with leaders in business to grow and protect your business better. Find a business mentor or partner to support your business growth in uncertain times. Create a dynamic business strategy to seize new business opportunities before your competitors. Ensure your risk management process is able to manage key threats and opportunities optimally.

Subscribe to BusinessRiskTV for free risk management updates reviews and risk alerts

Risk Management Risk Reviews

CLICK HERE to subscribe for free to BusinessRiskTV Risk Reviews

Enter code RiskAlerts

Managing unpredictable risk events better with BusinessRiskTV

How To Overcome Threats In Business

Manage your business risks better with BusinessRiskTV

Focusing your limited business resources on key business threats maximises your business resilience and minimises risk of business interruption or even catastrophic failure. Fulfill your business targets more easily with better business risk management. Stop wasting time and money on unnecessary business losses. Maximise your profit.

Learn how to cope better with threats to your business plan with BusinessRiskTV

Identify assess and manage the biggest threats to your business.

  • Can we eliminate threats? Unlikely that most key threats of being in business can be eliminated. However most can be mitigated or minimised. With limited time and money for risk management, we need to focus our resources on threats that will bring greatest return.
  • How do you change threats to opportunities? During the business risk management process you will realise that not only can you reduce threat from bad risk events but you will identify new ways of doing things that will enable you to seize new business growth opportunities.
  • What are the threats of a business? The key threats to manage are the ones that could impact on your business objectives. Within the same industry, one business can have different key threats that need to be managed differently from a competitor in same business. Your business risk management plan needs to be bespoke to your business.

How do you deal with opportunities and threats? Your business risk management strategy should encompass both threats and opportunities not just threats to maximise benefit of time and money invested in enterprise risk management methodology.

How to manage threats to your business

We provide a range of risk management services to help inform your business decision making process. From providing business risk management news opinions and risk reviews to business risk management mentoring and training to enterprise risk management audits.

External Threats and Internal Threats To A Business

Some threats come from outside your business. Other business threats come from within. Knowing what you can and cannot control is part of developing the best business risk management strategy for your business. You need to look outwards to the horizon to fully assess external business risk drivers. You need to look deep inside your own business to appropriately and adequately assess the real risks within your business.

What are the major opportunities and threats in your business you can expect to experience

Our business risk management services can be focused on just your industry or your country.

Which of the company’s strengths can be used to take advantage of the identified opportunities

Make sure you make full use of your business strengths to fully exploit your opportunities for faster business growth.

Find out how to identify assess and manage business risks better with BusinessRiskTV

Enter code Threats

How to overcome threats in business

Business Risks And Opportunities

What are risks and opportunities in business

Managing opportunities and risks better with BusinessRiskTV. Business opportunities come with business risks. External and internal risk drivers will impact on business objectives negatively and positively. Controlling business risks and opportunities can secure greater business success and build stronger business resilience. Identify assess and control business risks better with articles and videos on BusinessRiskTV. Monitor business risks to your business objectives to protect and grow your business faster.

What are the risk and opportunities in business

Managing business risks is a critical business issue all business leaders face. However not all business leaders face the same business risks. Similar businesses can have the same business risks but may have different resources deployed in business risk management. Opportunities for business leaders to grow their business fast are always available to you if you look and take the best course of action. Understand the top business risks facing your business with help tips and support from BusinessRiskTV

Alerts are free

BusinessRiskTV Live and Ondemand

Managing Business Risks Better With BusinessRiskTV

Business Risks And Opportunities

Business Survival Tips Advice and Support With BusinessRiskTV

How do you ensure your survival in business

How do you survive and prosper in business?

Discover new ways to implement your business ideas and innovations. Identify and manage better the key problems facing your business.

Business Survival Strategies and Tactics

Connect with key business leaders and business management experts to find the secrets to solving your business problems. Find out how to help your business survive current and future business risks. Be more confident about your ability to survive any risk event.

How do you ensure business survival

Improve your business risk management plan with help from BusinessRiskTV risk management experts.

Protect your business assets better. Use your available business resources more efficiently to make your money go further.

Top Business Survival Tips

Secrets of success in business
What are secrets in business?

Develop your business risk management knowledge and skills to more easily achieve your business objectives with BusinessRiskTV.

  • Prevent your business succumbing to known and unknown business threats.
  • Review your business costs to develop more business resilience.
  • Develop contingency plan to continue regardless of risk events.

Standing still May threaten your business survival. You therefore need to identify cost effective ways to grow your business faster.

Survival Strategies In Marketing

Reach out to new customers online today tomorrow and more sustainably with more affordable business marketing and advertising strategies.

Subscribe to BusinessRiskTV for free to receive alerts on latest business risk analysis and ways to manage risks better

Find new ways to survive and prosper with BusinessRiskTV

Business Survival Tips Advice and Support With BusinessRiskTV

The greatest risk is not taking one

You do not need to leap into the dark

Taking Risks To Achieve More In Business With BusinessRiskTV

Supporting More Informed Decision-Making

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

Guide To Business Enterprise Risk Management ERM

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.

See The Road Ahead More Clearly With BusinessRiskTV

See The Road Ahead More Clearly With BusinessRiskTV

Learn how to improve your business decision-making capability to boost your business performance

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.

Taking More Business Roisk More Confidently More Profiably

Risk Management Corporate Governance and Regulatory Compliance GRC Insight

Importance Of Risk Taking In Entrepreneurship

Importance Of Risk Taking In Business

Risk Management Online

How To Take Over The World
Business Management Experts BusinessRiskTV.com

Grow Faster With Less Uncertainty With Risk Management Online News Opinions Reviews and Risk Analysis

How to make better more informed business decisions with BusinessRiskTV

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.

Supporting More Informed Decision-Making

Taking Risks To Achieve More In Business With BusinessRiskTV

Minimise the key threats better and seize best business opportunities more easily with greater returns.

Benefits of proactive risk management

Celebrate Your Online Business Growth With Pro Risk Manager

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.

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

Subscribe to BusinessRiskTV for free

More risk management articles videos and deals

Risk Management Decision Making

Ways To Improve Business Performance with BusinessRiskTV

Use our Pro Risk Manager service to reduce the impact of uncertainty on your business objectives

Explore new ways to grow your business online with BusinessRiskTV. Grow your business online today. Learn how to expand business with our help and support.

How to grow your business fast with BusinessRiskTV

Benefits of proactive risk management

Celebrate Your Online Business Growth With Pro Risk Manager

Our Pro Risk Manager service will protect your business better and provide practical tools and techniques to increase your online sales to maximise your profit.

Increase brand awareness ideas

How To Increase Brand Awareness

Brand Awareness Campaign Ideas With BusinessRiskTV.com

If people searching for your type of products or services do not find you they will go to your competitors

Improving business performance

Enterprise Risk Management Health Check

Enterprise Risk Management Health Check

There are many ways to improve your business performance. Are you suffering interruptions to your normal business trading ability? Could you be missing opportunities to increase your online sales? Are you really making your existing assets and resources work productively and efficiently?

Online Exhibition Platform

Online Exhibition Platform
Online Exhibition Platform With BusinessRiskTV

We have a number of virtual exhibition platforms to showcase the best of your business online. Pick the best online exhibition platform for your country or industry.

Best Virtual Exhibition Platform

Virtual Exhibition Platform To Showcase Your Business Products and Services To Buyers Already Interested In Your Type Of Business Offering

Innovative ideas for company growth

Economic Outlook and Global Uncertainties Management

Business Growth With Less Uncertainty Forums

Business Coaching Packages

Business Coaching Services

Business Coaching Services

Your dedicated online business coach will work with you and your colleagues to help drive your business forward faster

Online Business Coach

Look at your business risks through the eyes of other business risk management experts

A fresh pair of eyes will help you see threats to your business assets and opportunities for business growth. Build your business resilience and develop your online income streams with BusinessRiskTV risk management experts.

Reduce cost of being in business and boost your purchasing power

Enterprise Risk Management Explained

Enterprise Risk Management Best Practices Explored Online With BusinessRiskTV.com

Ways To Improve Business Performance with BusinessRiskTV

LiveStream Shopping Platform

Use our livestream selling platform to grow your business faster more profitably

LiveStream Shopping Will Grow Your Business With Help From BusinessRiskTV

Our Live Stream Shopping Platform will boost your profit. Increase your reach to new customers to expand your online sales. Adopt good eCommerce solutions to improve your cash flow and strengthen your business resilience. Tap into rising demand for an online shopping experience with live video shopping. Our live video selling opportunities will increase your online sales conversions. Our LiveStream shopping experience incorporates live video content, interactive communication with potential new buyers and the ability for new customers to seamlessly buy or save featured products or services directly from you online.

Livestream Shopping enables your new audience explore your offering. Potential new customers will interact through their comments, likes and eCommerce opportunities to sell more online.

Offer LiveStream Shopping to your online audience with BusinessRiskTV

Sell your products or services direct to new buyers who discover your brand online with our help. Sell more locally nationally and even globally. Our live-shopping platform will increase your online sales and your profit.

  • Solve new potential customer problems before they move on.
  • Grab their online purchasing power before your competitors do.
  • Ask buyer blocking questions to make it easier for people to buy there and then online.

The heightened level of engagement with potential new customers gives you more time to showcase why new customers should buy from you and buy today!

Flash Sales To Fill Unused Service Capacity Or Unsold Stock

Deploy our LiveStream Shopping Service to maxise your profit when you want to. Give more people the opportunity to grab and bargain whilst you boost your profit.

  • Grow your business faster with BusinessRiskTV help.
  • Create a new brand live experience for your potential new customers.
  • Expand your online sales faster.

Our flexible cost-effective Live Shopping Service will more rapidly flex your online sales. Start selling more products or services online with our new live selling service. Live streaming combine with E-commerce will secure boost your online sales. Our interactive live-streaming ecommerce platform brings potential new customers to your business more quickly more profitably.

Sell to new customers down the road or to the other side of the world

BusinessRiskTV.com Free Subscription Online

Make Products Shoppable With Livestream

To make your products or services more shoppable through live streaming in the UK, you can follow these tips:

  1. Showcase the products: Make sure to highlight the key features and benefits of your products during the live stream. Demonstrate how the products can be used and what makes them unique.
  2. Interact with your audience: Encourage your audience to ask questions and engage with them in real-time. This not only helps build trust but also provides valuable insights into what your audience is looking for.
  3. Offer special promotions: Consider offering exclusive deals or discounts to viewers who make a purchase during the live stream. This can create a sense of urgency and drive sales.
  4. Make the process seamless: Ensure that your e-commerce platform is integrated with your live stream so that viewers can easily make a purchase. Make the checkout process smooth and secure to minimise any friction.
  5. Partner with influencers: Consider partnering with influencers or social media personalities who have a large following in the UK. This can help you reach a wider audience and increase brand awareness.
  6. Utilise social media: Promote your live stream on your social media channels and engage with your followers. This can help drive traffic to your live stream and increase the chances of making a sale.
  7. Provide excellent customer service: Make sure to provide excellent customer service during and after the live stream. Respond promptly to any questions or concerns and follow up with customers to ensure they are satisfied with their purchase.

LiveStream Shopping Platform

The #1 Thing People Get Wrong About Lloyds Bank

Do not tar Lloyds bank with the same toxic brush of the UK banking industry

People think Lloyds bank is a big bad bank that was part of the financial crisis of 2008. Lloyds bank was in fact one of the hero’s of the financial crisis. Lloyds bank saved the Halifax brand including the Bank Of Scotland whose executives were the real baddies along with the Royal Bank of Scotland now Natwest. By saving the Halifax plc group of bank brands it helped stop the implosion of the UK economy.

If Lloyds bank had not stepped in when it did, Halifax plc group of bank brands would have collapsed and a major domino would have irreparably damaged the UK economy. If we thought it was bad economically with austerity and job losses in UK, without Lloyd’s intervention to takeover Halifax plc it would have been catastrophic. Anarchy on the streets would have resulted and the UK would have entered a period of lifespan that would have been worse than World War 2. We came back economically after Word War 2. If Lloyd’s bank had not stepped in the UK would be more like Venezuela now.

From the financial crisis Lloyds Bank has tried hard to make matters worse including but not limited to PPI scandal where more than £20 billion pounds worth of shareholder value was destroyed. Incompetent greedy executives poorly directed employees to make repeated missteps post financial crisis 2008 to make matters worse. Added to this Lloyds bank has had to manage the risks from external sources including Brexit and Covid-19 pandemic.

However Lloyds bank is now very far from the perceived bad bank it had become. Prior to the 2008 financial crisis Lloyds bank was a boring bank. Investors loved the fact it was a traditional boring bank. It’s share price was £6 plus and it paid out relatively gigantic dividends every year to support pension funds, pensioners and other investors. Lloyds bank had no choice but to take over basket case Halifax plc. If Lloyds bank did not takeover Halifax plc basket of bank brands it is likely that Lloyd’s bank would have collapsed due to the domino effect. As Halifax plc and Royal Bank of Scotland folded they would have swamped the position of Lloyds bank as the UK economy went into a nosedive it is unlikely to have recovered from for many decades, if ever.

The only positive for Lloyds bank’s takeover of Halifax plc bank brands is that in all other circumstances Lloyds bank would never have been allowed to takeover Halifax plc by the UK competition authorities. Lloyds would have become too powerful in the marketplace. As it is, the only real risk to Lloyds bank is that it could be broken up as it is too dominant in for example the mortgage market.

  • Lloyds is the biggest player in the UK mortgage market. In a marketplace where the UK housing market is booming a share price of less than £0.45 is a joke!
  • Lloyds bank has come through the PPI scandal. Having destroyed shareholder value in the past, the laws have been changed to largely cap any future payouts under the PPI heading.
  • Brexit has now happened. Whether this is good or bad for the UK economy depends on which half of the UK adult population stand on Brexit. What is perhaps clear is that if it is going to impact negatively on the UK business community it is not going to be catastrophic. It may even been hugely beneficial to UK businesses. Lloyds bank will not be significantly impacted negatively by Brexit and may be impacted on the positive side.
  • The Covid-19 pandemic is far from over. However the UK vaccination programme and its likely adaptation to combat virus variations means the UK economy is now through the worst. The only question is how good will the future be? Lloyds bank can easily navigate the future risks if, as it has done, navigated the worst of the pandemic in the UK.
  • Another enterprise risk management article looks at the UK economy as a whole in the spring of 2021. Essentially most things point to exceptional UK economic growth through 2021 and 2022. Lloyds bank is perhaps uniquely placed to take advantage of any such economic growth. Its strategy is based on making money from UK consumer and UK business confidence and growth, both of which are at record all time highs.
  • If interest rates rise it will give all banks more opportunities to be profitable. With UK interest rate at record low of 0.1 percent banks will win from interest rate rises. Interest rates are not going to go negative.
  • Unemployment in UK is a key threat to UK banks. However many predict the UK unemployment is not going to be any way near as bad as was feared due to pandemic. Indeed if the vaccination roll out continues as hoped, unemployment rates are likely to be slightly above pre-pandemic levels. Certainly not at levels that would threaten Lloyds bank profit.
  • Lloyds bank has comparatively high profit margin compared to many UK banks so is more protected from downside risks.
  • UK consumers have paid off debt and saved more during the pandemic. When their spending power is fully unleashed on the UK economy post June 2021 the UK is going to see an economic growth not experienced since post World War 2 period. Lloyds bank is ideally placed via mortgage and non-mortgage lending to take advantage of this revitalisation of UK economy.

Lloyds bank was never the bad bank. It had to takeover the greedy and incompetent at Halifax plc. During that process it has had to manage internal and external risk drivers. It is likely that Lloyds bank’s worst days are behind it. Lloyds bank would have to work really hard to screw up its current opportunities for exponential growth.

The #1 Thing People Get Wrong About Lloyds Bank

This Will Fundamentally Change The Way You Look At Risk

Stop looking to reduce risk and instead make your business plans under a risk-based approach to business decision making with BusinessRiskTV

How can business leaders change business performance with a more risk based approach to business management?

Are you interested in boosting your business performance? Do you use online resources to improve your knowledge of business risks impacting on your business objectives? Do you want to make your business more profitable?

Do you want us to help your business grow faster

Look at risk as a positive for your business. Manage the threats better. Seize new business development opportunities quicker and enhance the benefits arising from risk taking.

Around BusinessRiskTV

  • Risk Profile v Risk Appetite – Risk tolerance vs risk appetite is important to understand. If you do not know what your risk profile is you cannot manage your business risks better. Could you increase your appetite for risk to achieve more business success? What is your risk tolerance?
  • How To Grow Business Faster Business Tips – Grow business faster with BusinessRiskTV. Use practical business growth tips. Thing how do I grow my business fast? Need how to grow business tips. Use latest business tips and marketing tools. Our business growth experts work with our Online Selling Partners providing tips for business growth. Learn how to grow your business fast with BusinessRiskTV. Pick up tips on how to grow business faster. Connect with our business growth experts and partners. Save money and time to become more profitable and other latest business tips from BusinessRiskTV.
  • iso 31010 Risk Management and Risk Assessment Techniques Guidance – Do you know where to focus our resources to protect and grow your business? iso 31010 risk assessment tools and techniques can help you identify assess and control critical risks to your business. Understand your business risks better with iso 31010 risk assessment awareness. Mitigating Threats Maximising Returns From Business Opportunities
  • Understanding and Managing Risk Better – A better way to manage business enterprise risk. Risk management courses distance learning. Develop better business risk management plan. Discover best enterprise risk management online training courses for your needs. Risk management courses UK and overseas. Join like minded senior managers executives and risk management practitioners. Learn how to manage business enterprise risk management risks better. Save money and time with BusinessRiskTV. Search for tips on developing your improved business risk management plan.

Get In Touch

Are you interested in growing your business faster? Do you use the internet to attract new customers. Do you want to sell more online? Do you want us to help your business grow faster online?

Submit a question. Share your views and experiences. Please include a contact number if you are willing to speak to us. You can get in touch in the following ways:

  • Whats App Click Here
  • Tweet @HolisticRiskMgt and @ERMuk
  • Email [email protected]
  • Instagram BusinessRiskTV
  • Pinterest BusinessRiskTV
  • YouTube BusinessRiskTV

Related Business Risk Management Topics

Guidance On Enterprise Risk Management On BusinessRiskTV

Pro risk manager
Do you want your business to be bigger or more profitable?

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.

Biggest threat to business

What Will Threaten Your Business This Year

MarketplacesExhibitions
MagazinesRisk Magazine

This Will Fundamentally Change The Way You Look At Risk

How To Overcome Leadership Challenges

Leadership problems and solutions with BusinessRiskTV Help Tips and Support

Business leaders need to challenge their thinking. Proactively managing key business risks can boost your business performance. Good business leaders can often make good decisions under pressure from risk events. However they can also make decisions that exacerbate risk events.

Leadership Problems and Solutions with BusinessRiskTV

Manage Risk Better
Improve your risk knowledge to solve business problems today and in future

What is the biggest challenge facing business today?

Rethinking and Re-purposing Your Business During Uncertainty
Rethinking and Re-purposing Your Business During Uncertainty

Overcoming rapidly varying business risk hazards whilst growing a business

Risk factors external to the business are perhaps more difficult to control. Internal risk drivers however can be just as fatal to a business. Manage the biggest leadership challenges better.

Top Thought Leaders and Risk Management Experts

Our thought leader partners and risk management experts offer you free business tips advice and support. Reduce the biggest business business challenges to more easily manageable proportions.

Inform your strategic thinking and improve operational and project risks with BusinessRiskTV

Enterprise Risk Management Explained
Enterprise Risk Management Best Practices Explored Online With BusinessRiskTV.com

Improve your key business decision making process to reduce negative outcomes and increase return on investment in business development.

Leadership challenges are inevitable. No business is immune to problems. We cannot guarantee bad thinks will not happen to your business. We can guarantee you will be better prepared to overcome business challenges.

Avoid being overwhelmed by risk events. Feel better about the way you manage your business risks. Get a quiet nights sleep knowing you are working on the key risks with the finite business resources available to you.

Challenging long-held beliefs or perceptions of threats and opportunities could reveal a better risk management strategy for your business. You may even find new business success in previously uncharted business development territory.

Learn how to identify and manage the key threats to your business objectives. Change your business decision making process to explore enterprise-wide business risks to more efficiently direct your business assets to what matters for your business success.

False Perceptions Of Risk Is Dangerous Way To Manage Your Business

Misconception Of Actual Real Risks Can Destroy A Good Business
Misconception Of Actual Real Risks Can Destroy A Good Business

Invest your efforts in what really matters not what you perceive is best use of your money and time. Basing your business decisions on false or incorrect assumptions about your key business risks is dangerous. At best you may miss new business opportunities for growth. At worst it could bring an end to your existence in business. 

Adjust Your Leadership To Change Your Business For The Better

Work with us to gain confidence in changes to your business strategy. Changing the status quo can feel challenging. Challenging the status quo is less daunting if you engage more of your workforce in the decision process. We can assist to facilitate an exploration of what you could be doing better before you make the decision to change.

Engaging your employees to challenge possible changes encourages greater buy-in to eventual changes you choose to make. Involving employees in the implementation of the changes brings quicker rewards and more sustainable willingness to make changes work well. Making decisions in isolation at board or senior level may result in good decisions or bad decisions. However, they are unlikely to lead to the best way forward for your business or result in the best use of your resources.

We can even engage top thought leaders from around the world and other risk management experts to help no matter your industry or preferred country of operation.

How To Overcome Leadership Challenges

Poor Risk Management Case Study

Exploring consequences of poor risk management with BusinessRiskTV

There are often good reasons for poor risk management. That does make poor risk management acceptable. Causes of poor risk management are varied. They include poor risk management culture, an inadequate enterprise risk management framework with accepted risk owners and risk supervisors as well as lack of effective enterprise-wide risk assessment process.

We believe there are business experts out there who want to improve the quality of enterprise risk management. Our introductory risk management toolbox talks are designed to open up your mind to more innovative ways to doing more business with less uncertainty. If you like our approach, you will have the opportunity to become a member of BusinessRiskTV for 12 months to protect your business better and grow your business faster.

Misconception Of Actual Real Risks Can Destroy A Good Business
Misconception Of Actual Real Risks Can Destroy A Good Business

Failure To Manage Enterprise Risks Vs Failure Of Risk Managers Risk Management Toolbox Talk

Northern Powerhouse Risk Management Online Seminars

In this context we do not just mean people with Risk Manager in their job title. We mean people who should take ownership of specific key enterprise risks as well as the people charged with monitoring or supervising risks including making sure risk management is embedded within the day to day activities of the business or enterprise.

Do you know if your business is making good or bad enterprise risk management decisions? Pandemic risk management is a good example of good and bad risk management – under pressure we make good and bad decisions. Every day pre-pandemic managers of business risk are under pressure. Post-pandemic managers of risk will remain under pressure.

This enterprise risk management toolbox talk focuses on understanding business risks better and how to make better business decisions to build business resilience and boost business performance. Because your time is so valuable we will complete our introduction to better enterprise risk management in no more than 30 minutes.

Title: Failure To Manage Enterprise Risks Vs Failure Of Risk Managers
Date: Wednesday, 6th January, 2021
Time: 5:00-5:30 p.m. GMT
Speaker: Keith Lewis, BusinessRiskTV

In this enterprise risk management toolbox talk we will cover:

  • Taking personal ownership of enterprise risks.
  • Understanding the true level of risk facing your business.
  • Identifying risk management action to protect your business better and grow it faster.

Save the date for introduction to how to improve your management of business risks to boost your business resilience and performance.

Northern Powerhouse Risk Management Online Seminars

Participants at introductory online risk management toolbox talk can also put themselves forward as business risk experts at future more advanced online workshop events to share your expert business knowledge and promote their business interests. Are you a risk management expert in your country, industry or specific risk topic? Get in touch with us if this is you.

Want to promote market and advertise your business?

Advertise My Business Locally Online
BusinessRiskTV Pro Risk Manager members are untitled to 50 percent discount off normal advertising and marketing services. CLICK HERE or email [email protected] entering code #Marketing.
MarketplacesExhibitions
Cost ReductionsRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #PoorRiskManagementCaseStudy #RiskManagementExperts

Poor Risk Management Case Study

The Joy, Comfort and Stress-Reducing Power Of Enterprise Risk Management Webinars

BusinessRiskTV Enterprise Risk Management (ERM) Training Workshops and Discussions

Subscribe to free alerts to upcoming enterprise risk management webinars

Reduce uncertainty impacting on your business objectives. BusinessRiskTV enterprise risk management webinars help inform your business decision making. Understand fundamentals of risk based management. Learn new enterprise risk management strategies to boost resilience and growth. Be coached online with best enterprise risk management practices. BusinessRiskTV webinars tackle latest country and industry enterprise risks. What should should know today? How do you manage your business risks better.

Enterprise Risk Management (ERM) Webinar Series

Find out more about global risks to your business. Be aware of local risks. What is happening in your industry you should know about before your next big decision.

  • Get horizon scanning risk insight.
  • Develop your risk knowledge.
  • Build your business intelligence.

Global and local risk experts talking online about risk matters that could impact on your business objectives.

What are some strategies you can adopt to help you navigate uncertainty in the business world

Explore the trends and challenges in your business marketplace. Develop and execute new enterprise risk management strategies to survive and prosper no matter what the business environment is.

  • An insightful business risk webinar may help you avoid mistakes others have already made.
  • Discover new ways to grow your business faster.
  • Access risk management guidance to overcome challenges to your business progress.

Know when free and paid webinars are coming up so you can join the ones that matter to your business. BusinessRiskTV members receive a discount on paid webinars.

Find out about what the grapevine is saying

Breaking News on BusinessRiskTV.com Online Live News Alerts
Breaking News and Risk Executive Grapevine

Online Business Coach

Business Coaching Services
Business Coaching Services

Read articles or watch videostreams on latest on enterprise risk management

MarketplacesExhibitions
Cost ReductionsRisk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #EnterpriseRiskManagementWebinar #BusinessLiveStreaming #RiskManagementTraining #RiskManagement #EnterpriseRiskManagement #ProRiskManager #ERMtv

The Joy, Comfort and Stress-Reducing Power Of Enterprise Risk Management Webinars

Small Business Coaching Packages

BusinessRiskTV Business Coaching Services

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.

eBusiness Coaching Mentoring with BusinessRiskTV

Business Mentors UK
Business Mentors UK
Marketplaces Exhibitions
Cost Reductions Risk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

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.

Make Most Of Your Business Opportunities With Executive Coaching Services From BusinessRiskTV

#BusinessRiskTV #SmallBusinessCoaching #SmallBusinessCoach #eBusinessMentor #eBusinessCoachingMentoring

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!

Online Virtual Business Networking Events

Gain new clients and contacts Connect with local and growing companies for new enquiries business development and referrals. Join today on BusinessRiskTV.com

Virtual business networking events. Online business networking group events aid improved productivity. Virtually together with online business networking group events. Find networking events. Pick the country industry or business risk or topic you want to learn more about. Discover online business networking opportunities to grow your business faster. Meet up online in online workshops webinars and discussion groups. Focus your time on what matters to your business today and tomorrow. Build new relationships for mutual benefit in online business networking groups. Diversify your risk management knowledge and business intelligence to reduce uncertainty impacting on your business success. More cost effectively meet online.

Business Networking With BusinessRiskTV

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

 

Networking Events Near Me Service finds the best networking event for your business needs near you to attend in person. Business networking events are often held in local hotels with easy access to you and good parking.

Online Business Networking Group Events Online with BusinessRiskTV

BusinessTiskTV business network magazine can keep you informed of upcoming online virtual networking events. Find new online business networking events with BusinessRiskTV for your country or industry risks. Use our online resources offering quick simple ways to access new information to inform your business decision making.

Local Networking Online With BusinessRiskTV

Growing A Business With BusinessRiskTV

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

Enter code #OnlineBusinessNetworkingGroup

Promote and market your business on BusinessRiskTV for 12 months

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

Cheap ways to promote your business

Find out how to promote your business locally and globally. CLICK HERE to find out more marketing options on BusinessRiskTV.com

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

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

Perform Better Calculated Risks
Communication Risk Consultations
Read more about managing business risks better
Business Breakfast Briefing Online BusinessRiskTV.com
Business Tips Advice Support

#BusinessRiskTV #OnlineNetworking #BusinessCollaboration #OnlineCommunity #Networking #BusinessEvent #BusinessCommunity #BusinessConference #NetworkingEvent #BusinessNetworking #NetworkingGroup #NetworkingEventsNearMe #SmallBusinessNetworkingEventsLondon # OnlineBusinessNetworkingGroup

Online Virtual Business Networking Events

An Exclusive Sneak Peak At What’s Next For Risk Management Guidance

Guide to Risk Management Principles and Practices with BusinessRiskTV.com

BusinessRiskTV business risk consultancy can help guide your business improvement. Are you interested in risk management principles and practices? Connect with risk management experts and business leaders locally and globally online. Read research and development in enterprise risk management ERM.

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

Complete and submit the form with code #RiskManagementGuidance.

Access risk management guidance and tools to help businesses understand what they need to do to manage business risks better

Adopt an integrated approach to risk management. Create the best risk management framework and risk assessment process for your strategic operational and project needs.

Manage the impact of uncertainty on your business objectives better. Access support to build your business resilience and raise risk awareness. Manage governance risk and compliance holistically to use your business resources more effectively.

Read latest risk management guidance or watch videos

MarketplacesExhibitions
Cost ReductionRisk Magazine
Discover better ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #RiskManagementGuidance #RiskManagement #EnterpriseRiskManagement #ERM #GRC #Governance #Risk #Compliance

An Exclusive Sneak Peak At What’s Next For Risk Management Guidance

Managing business risk with more confidence to perform better

Increase your confidence in your risk management capability with BusinessRiskTV.com

Build your business risk management capability and confidence

Boost your business performance. Understand your business risk profile to inform your business decision making process.

Risk Management Confidence

Not only can you improve your risk management capability but you can increase confidence in your risk management system.

Are you asking the right questions about the key threats to you business? Do you consistently look out for and review business opportunities for growth? If you do not have a risk management system in place your business decision making may be working but is it working well?

What is your appetite for risk? Is this reflected across the whole organisation. Your risk management culture should reflect the attitude to risk of its business leaders for a consistent approach that is less confusing or contradictory further down the organisation. If you are not all singing from same hymn sheet you are losing productivity. In addition you maybe taking too much risk or not enough risk to achieve your business objectives.

Everybody should be clear about their role in your risk management framework and risk assessment process. Lack of clarity produces gaps through which failure in your risk management system can squeeze!

Everyone should be rewarded based on achievement of risk management plan. If your risk management plan has been correctly drafted and embedded it will bring business success. Your risk management plan should be to achieve business objectives set with enterprise risk management methodology. A holistic approach to business decision will produce greater resilience and longer term sustainable success.

Understand that your risk assessment process has weaknesses. Peoples perceptions of risk can skew risk management actions inappropriately. This can result in the failure of your risk management system and business.

Enterprise risk management ERM creates a clear picture of where you are now and plans to get you to where you want to be. However everyone needs to engage in the process for it to work optimally. It is to be present in strategic operational and project risk management.

Build more confidence in your ability to implement a better risk management system

Risk management can help profitability enhance all stakeholder confidence and protect your brand and reputation. Create the environment for more effective business outcomes and greater profitability.

If you improve your confidence in your risk management system you can actually take more risks to achieve more in business.

BusinessRiskTV

Increase your risk knowledge and business intelligence. Change your perspective of risks and risk management. Redefine what is acceptable risks without breaching your risk tolerance. If you are not confident in your risk management capability it is hard for the business and business leaders to perform well.

Decide how best to manage risks in your business. Build your colleagues confidence with training and support from BusinessRiskTV. Find out more by completing and submitting the form below and enter code #Confidence.

Read articles and watch videostream on building business management confidence trending on BusinessRiskTV

Project Development With More Confidence With Risk Management Principles and Practices
Develop new business projects with more confidence in your success with BusinessRiskTV business risk consulting and training services and risk management partners entering code #BusinessConfidenceForum

Promote and market your business on BusinessRiskTV for 12 months

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

Cheap ways to promote your business
Find out how to promote your business locally and globally. CLICK HERE for more information.

Link into your existing 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.

Academy Training
Cost Saving Risk Magazine
Discover new ways to protect and grow your business faster with BusinessRiskTV

#BusinessRiskTV #ManagingRisks #RiskManagement #EnterpriseRiskManagement #ImprovePerformance #BusinessRisk #PerformBetter #RiskManagementTraining #ERM #GRC #Governance #Risk #Compliance #BusinessConfidenceForum

Managing business risk with more confidence to perform better with BusinessRiskTV

Unexpected disasters can be an opportunity to grow fast

Turn tragedy into triumph with BusinessRiskTV.com

Making the most of unexpected disasters. Make the most of disasters. No one asks for a disaster to hit their business but when one comes along look for the opportunities that come with it. If you do this as part of business continuity planning you can come out of the disaster quicker stronger and more resilient.

how to reduce uncertainty in business
How to reduce uncertainty in business with BusinessRiskTV

Want to read watch videos and speak to experts who can help protect and grow your business through all types of business environment?

Our Knowledge Marketplace, Business Experts Hub and risk management experts:

  • Write risk management articles to inform your decision-making
  • Produce videos and host live online events, training and workshops to develop your risk management knowledge and skills
  • Offer risk management consulting services to help you overcome business problems.

 

A disaster can be an opportunity to grow if you change your mindset

To come out the other side of major risk event stronger includes being ready to seize new business opportunities as well as mitigate downside risk impact.

You may be able to bring forward future planning as result of risk event. If you have a major fire then do not just build what you had before. Bring forward better ways of working that you may have planned for 5 years time prior to risk event.

  • Competitors who are not resilient as your business may not survive crisis. This may allow you to change pricing or provide opportunity to introduce new marketing campaign to mop up their customers.
  • You products or services may simply be more in demand after the crisis than before it. Attitudes of business buyers and consumers will change during and after the crisis. Your business maybe well positioned to take advantage of change of attitude to sell more and grow your business faster.

There is nothing morally bad about making the most of a bad situation. If you survive a crisis you have the right to explore a new way of working that will benefit both your business consumers and society.

Many great inventions or innovations have been introduced and transformed life and business due to mistakes. Some new drugs and products were discovered when the inventor or developer was trying to achieve something totally different from what transpired as brilliance.

Necessity is the mother of invention

When forced into an existential situation it is human nature to fight to survive. There will always be risk events that threaten survival in business. Sometimes they risk event may be located on one business. On rare occasions a risk event threats whole business systems of working.

Around every 10 years business leaders should expect a financial crisis that threatens business survival. It is almost impossible to know how the financial crisis will arise. The cause of the risk event that creates the crisis is less important than the resilience to overcome the impact on your business.

Th last financial crisis was 2008. May countries in Europe have still not recovered from the 2008 financial crisis never mind businesses.

If you are in business for the long haul then you need to be prepared for at least one financial crisis every 10 years. In between you need to be ready for your own individual crisis’s that pop up just for your business.

Learning opportunities from a crisis

Major risk events are perhaps alarmingly more frequent than one expects. Rather than being overly alarmed maybe the best thing to do is learn from risk events. Take the good from the bad to improve future business performance.

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

We can also learn from other businesses who make mistakes on our behalf! If they suffer find out what they did wrong learn from their mistakes and make sure your business does not suffer the same consequences.

 

More than that find out what lessons other business leaders have learned from their past mistakes or negative risk events

Sharing bad experiences allows the herd to be better protected! Sharing successes helps the herd to join in on the success for faster growth and speedier progress.

Mutually Beneficial Business Partnership
Power Of Collaboration In Business Development

Subscribe to BusinessRiskTV for free alerts bulletins and risk reviews to your inbox to better protect and grow your business

Enter code #UnexpectedDisastersRecovery

Promote and market your businesses on BusinessRiskTV for 12 months

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

Cheap ways to promote your business
Find out how to promote your business locally and globally. CLICK HERE for more information.

Link into your existing 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.

Marketplaces Exhibitions
Cost Reductions Risk Magazine
Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #BusinessContinuity #ContinuityManagement #ContinuityPlanning #ExistentialCrisis #FinancialCrisis #ContingencyPlanning #GrowYourBusiness #BCM #BCP

Unexpected disasters can be an opportunity to grow fast BusinessRiskTV

Clever branding strategies with BusinessRiskTV

How to develop a brand With BusinessRiskTV

Clever branding to create a marketing strategy to increase your brand awareness. Let people know what your business is offering on BusinessRiskTV when they are already interested in your type of business.

How to develop a brand With BusinessRiskTV

How To Increase Brand Awareness

Brand Awareness Campaign Ideas With BusinessRiskTV.com enter code #CleverBranding

BusinessRiskTV is a great place to try some creative marketing for your business. Pick up free branding tips and ideas. Get your business brand out there more sustainably. Create a great brand positioning strategy with BusinessRiskTV. Learn how to build brand awareness.

Complete the form below and enter code #CleverBranding to find out more about what BusinessRiskTV can do for your business.

Enter code #CleverBranding

Clever Tips for Marketing Your Food and Drink Related Business

Clever Tips for Marketing Your Food and Drink Related Business

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 for more information entering code #CleverBranding

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

Link into your existing 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.

BusinessRiskTV Business Directories

  • Want to up your clever branding strategy by listing your business in the best business directory for your industry and target market?
  • Are you running any deals discounts or special offers you want more buyers to know about to grow your business faster?
  • Could you write an advertorial to advertise your business and inform our readers?

Reach more new customers with BusinessRiskTV clever branding strategies.

Northern Powerhouse Risk Management Online Seminars

Click on Register Now or email [email protected] entering code #BusinessDirectory

Increase Brand Awareness Ideas With BusinessRiskTV

MarketplacesExhibitions
Cost ReductionRisk Magazine

Discover new innovative ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #CleverBranding #BrandingStrategies #BrandIdentity #BrandManagement #BrandProtection #BrandResilience #UKbrands #DigitalMarketing #MarketingStrategy #ContentMarketing #BusinessDirectory

Clever branding strategies with BusinessRiskTV

Diversify supply chains to reduce reliance on one country or supplier

Reducing the risk of supply chain disruptions with BusinessRiskTV.com

Reduce supply chain risk. Should one supplier be shutdown for whatever reason your business should be able to continue without interruption. At the very least ensure you have alternative risk control measures to react to normal supply interruptions. The proximate cause of the supply chain disruption could be wide and varied including fire political social unrest natural disaster or even something called coronavirus. Assessing the risks from your supply chain is critical to the resilience of your business. Diversifying supply chain can increase costs but need not automatically follow.

Supply Chain Risk Management
Supply Chain Risk Management Articles Discussion Live On Demand Video Streaming To Help You Manage Risks Better

Enter code #SupplyChainRisk

Reducing the risk of supply chain disruptions

Adapt quickly to changes within the supply chain to minimise the risk of disruptions to your business performance. Scan the horizon to look for future potential for disruption. Analyse the current risks and take appropriate action.

Supply Chain Risk Management BusinessRiskTV
Supply Chain Risk Management BusinessRiskTV

Subscribe to BusinessRiskTV for free supply chain risk management alerts bulletins and reviews to your inbox

Complete and submit the form below and enter code #SupplyChainRisks.

Join our free online supply chain risks group discussion

Collaborate with BusinessRiskTV to grow your business faster with less uncertainty
ASK TO JOIN SUPPLY CHAIN MANAGEMENT DISCUSSIONS NEWS OPINIONS AND REVIEWS

Supplier Diversification In Supply Chains

Critical Key Supply’s Should Be Manufactured In Your Own Country More To Mitigate Breaking Supply Chain To Your Business

EU leaders last month stressed the need for the bloc to have strategic autonomy after the coronavirus crisis.

The European Union and its companies need to diversify their supply chains to reduce their reliance on individual countries but that does not mean bringing all production back to Europe

European Union EU Trade Chief

With the coronavirus pandemic many have now realised that there has been an over reliance on Asia for the supply of key supplies. Austrian EU diplomats think this means more manufacturing and production of key supplies should be brought home. Whilst this does not mean all Asian supplies from Asia should cease it does mean more manufacturing is required in your own country to build supply resilience.

We need to look at how to build resilient supply chains based on diversification acknowledging the simple fact that we will not be able to manufacture everything locally

European Union EU Trade Chief

Dutch trade minister Sigrid Kaag told reporters after the video conference with EU counterparts that there was an awakening to the need to determine the weakest links in value chains. How can you mitigate the overdependence on countries such as China or India when it comes to essential goods.

During the coronavirus pandemic France Germany and USA were just some of the countries who intervened at government level to stop supply of some products including personal protective equipment and medical equipment. When supply comes from outside your own country you are diversifying your supply chain but over reliance on overseas supply can increase risk of supply chain interruption. Arriving at the right balance is key to maintaining good business performance and strong business resilience.

Promote and market your supply chain risk related business on BusinessRiskTV for 12 months

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

Cheap ways to promote your business
Find out how to promote your business locally and globally/ CLICK HERE for more information.

Link into your existing sales process 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.

Supply Chain Risk Consulting

Get help from one of our Supply Chain Risk Consulting Partners to manage your supply chain risks better.

Business Risk Partners
BusinessRiskTV Risk Partners enter code #SupplyChainRiskConsultingQuote
MarketplacesExhibitions
Cost ReductionRisk Magazine
Discover better ways to protect and grow your business with BusinessRiskTV
Global Supply Chain Risk Management During COVID-19 Pandemic
Global Supply Risks And COVID-19 Pandemic Health Risk Management

Opening up the skies is a big part of easing global supply crisis. More holidaymakers increases airfreight opportunities and lowers international trading by air costs. Shortening supply chain, reversing globalisation, can increase speed of change and flexibility in an uncertain world as well as build resilience whilst protecting the environment from supply chain costs.

#BusinessRiskTV #SupplyChainRisks #SupplyChainRiskManagement #SupplyChain #Logistics #SupplyChainManagement #Shipping #Freight #SupplyChainRisk #SupplyChainRiskConsultingQuote

Diversify supply chains to reduce reliance on one country or supplier

Knowledge Marketplace

Harness more knowledge to improve your life and business with BusinessRiskTV.com

Our knowledge marketplace is for both buyers and sellers. If you are an expert who can help solve life and business problems. Sell in our knowledge market. Sell your personal knowledge. Sell better business answers to buyers who need quick ways to overcome barriers to business success. We are building networks of business leaders entrepreneurs and life coaches who create a knowledge hub for you to find the answer to your questions quickly.

Identify what our experts know and what you need to know to overcome problems quicker. Connect with lifestyle and business experts live online. In many cases access free initial consultation to find out if our experts can help you.

Knowledge is key to improving your personal and business decisions. Sell and distribute your business or lifestyle improvement knowledge to people who are stuck and in a hurry to overcome problems.

The Knowledge Marketplace

Global Risk Report Discussion Analysis and Review On BusinessRiskTV

Global Risk Report Discussion Analysis and Review On BusinessRiskTV

Visiters to BusinessRiskTV can ask questions to get better answers quicker

We have a range of forums to get the answers you need to improve your life or business quicker. Some are free others attract a fee. You have to be a member of BusinessRiskTV to ask a question. Membership is free.

Collaborate with BusinessRiskTV to grow your business faster with less uncertainty

Join today for free. CLICK HERE and enter code #KnowledgeMarketplace or email [email protected]

Making a market in knowledge in our online knowledge market

Working with our Knowledge Partners we make it easier to make better decisions in life and in business. Our Knowledge Partners include entrepreneurs business owners executives risk professionals and life coaches who are seeking to connect with more potential clients.

If you have lifestyle improvement or business expertise to help others overcome problems become a Knowledge Partner. You will be a business expert or lifestyle enhancer.

Enter code #KnowledgeMarket

Promote and market your knowledge on BusinessRiskTV for 12 months

Cheap ways to promote your business

Find out how to promote your business locally and globally. CLICK HERE to find out more entering code #KnowledgeMarketing.

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

Link into your existing 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.

Knowledge Marketplace Directory

  • Want to list your knowledge and expertise in our Knowledge Marketplace Directory?
  • Are you running any deals discounts or special offers you want more key business decision makers to know about?
  • Could you write an advertorial to advertise your knowledge and inform our readers?
  • Could you produce a short video promoting your knowledge and providing business insight or business intelligence?

Reach more new customers with our Knowledge Marketplace and BusinessRiskTV magazines.

Northern Powerhouse Risk Management Online Seminars

Click on Register Now or email [email protected] entering code #KnowledgeMarketplaceDirectory

Read knowledge market related articles and watch videostream trending on BusinessRiskTV

Risk Managers and Risk Management Headlines
Building Risk Knowledge and Experience

Overcome Barriers To Greater Business Success Quicker With BusinessRiskTV

Economic Outlook and Global Uncertainties Management
Business Growth With Less Uncertainty Forums
New Learning Hub and Knowledge Exchange
Business Risk Management New Learning Hub
Use risk management experts to help you make right choices
MarketplacesExhibitions
Cost ReductionRisk Magazine

#BusinessRiskTV #KnowledgeMarketplace #KnowledgeMarket #KnowledgeMarketing #KnowlegdeMarketplaceDirectory #BusinessIntelligence #LifeCoach #RiskKnowledge #OnlineMarketplaces #BusinessOnline #eCommerceSolutions #BusinessDevelopment #BusinessProtection #LifePlanning

Discover new innovative ways to protect and grow your business with BusinessRiskTV

BusinessRiskTV Knowledge Marketplace

Do you fear losing what you have created instead of valuing what you might gain from taking more risk?

How to overcome loss aversion with BusinessRiskTV.com

How do we make the best use of available business assets and resources to maximise return of investment of time and money

Fear of loss often beats the desire to gain more. Fearing losing everything you have built is natural human reaction. However is your fear getting in the way of seizing new business opportunities? Keep innovating and growing with less uncertainty with BusinessRiskTV.

Develop a holistic risk management culture to drive your business forward. Up your risk appetite to achieve more with more controlled balanced risk taking.

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

BusinessRiskTV

Develop a more assured risk management framework and risk assessment process to match your risk culture. Make sure your risk taking remains within your risk tolerance.

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. 

BusinessRiskTV

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.

BusinessRiskTV

Subscribe to BusinessRiskTV for free alerts bulletins and reviews to your email inbox on enterprise risk management and project risk management

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 customers already interested in your type of business offering before your competitors do.

Cheap ways to promote your business
Find out how to promote your business locally and globally. CLICK HERE to find out more entering code #Marketing.

Link into your existing 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.

MarketplacesExhibitions
Save MoneyRisk Magazine

#BusinessRiskTV #TakingCalculatedRisks #BusinessOpportunities #BusinessInnovation #GrowthMindset #BusinessGrowthForum #BusinessGrowthTips #BusinessGrowthAdviser #SustainableBusinessGrowth

Do you fear losing what you have created instead of valuing what you might gain from taking more risk? BusinessRiskTV

Enterprise risk management training courses and business solutions

Managing threats and opportunities better with BusinessRiskTV.com

Enterprise risk management training courses in our virtual classroom. Corporate risk management training matched to your business needs. Find the best enterprise risk management training courses for you. Whether you prefer your enterprise risk management training remotely online or in the classroom start sharpening the saw to tackle enterprise risks better. Come direct to us or use one of our enterprise risk management training provider partners. Ask us to develop an enterprise risk management training course for your business or enterprise. Manage enterprise threats and opportunities better. Develop your risk knowledge and business intelligence.

Enter code #EnterpriseRiskManagementTraining

BusinessRiskTV Enterprise Risk Management Training Courses Online Or Near You

Risk Management Courses Distance Learning

Find the best enterprise risk management training course for your business needs on BusinessRiskTV. Enter code #ERMtraining.

Working with other enterprise risk management training providers to help you get what you want when you want it

Risk Management Courses Distance Learning
Virtual Online Remote Enterprise Risk Management Training Short Courses

Our readers are interested in enterprise risk management training. Our main priority is to help readers improve their enterprise risk management system and practices. If another enterprise risk management training provider fits more closely to our readers needs we are happy to connect you online.

Reach more people seeking to educate themselves and train their colleagues online and in the classroom.

Promote and market your enterprise risk management training Courses for 12 months

Cheap ways to promote your business
Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #EnterpriseRiskManagementTrainingMarketing

Put your risk management training course in front of new buyers already interested in your type of offering before they buy from another enterprise risk management training provider.

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

Increase the sources of your income streams more sustainably. Grow your business faster.

Enterprise Risk Management Training Course Directory

UK Buiness Directory List
BusinessRiskTV.com UK Business Directory List
  • Want to list your enterprise risk management training course in our Enterprise Risk Management Training Course Directory?
  • Are you running any enterprise risk management training course deals discounts or special offers you want more people to know about?
  • Could you write an advertorial to advertise your enterprise risk management training course and inform our readers?

Reach more new customers with BusinessRiskTV.

Northern Powerhouse Risk Management Online Seminars
Click on Register Now or email [email protected] entering could #EnterpriseRiskManagementTrainingCourseDirectory

Business Growth Workshops

Is your business making the most of its available resources?

#BusinessRiskTV #EnterpriseRiskManagement #EnterpriseRiskManagementTraining #RiskManagementTraining #ERM #ERMtraining #TrainingCourses #Leadership #LeadershipDevelopment #EnterpriseRiskManagementTrainingMarketing

Enterprise risk management training courses and business solutions

Identify potential risk events that could be damaging and develop strategies to mitigate them

BusinessRiskTV Risk Management Process

How can business leaders protect and grow their business regardless of business environment

Do not panic! Think about and implement new strategies to reduce negative risks to your business. Be better prepared for downside risks. Discover fresh ideas to tackle risk management challenges.

Risk Management Strategy

Subscribe to BusinessRiskTV for free CLICK HERE

Risk events can destroy a business strategy. Best laid plans … Managing business risks is crucial to maximise business performance. How do you identify and mitigate strategic operational and project risks?

How To Manage Risk In Business

Taking The Leap To Greater Business Success

Take The Leap Into Your Future Business Success With More Confidence

Analyse the risk so you can decide on its importance in relation to your business objectives.

Prioritise your available business resources to tackle the key business risks for the best return on your risk management time and money.

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.

Risk Identification

Identify potential problems that could cause your business trouble. The business risk can be an event or it can be a condition like changing business environment.

Analysing Your Business Strengths Weaknesses Opportunities Threats SWOT

Identify and assess your enterprise risks better

Risk Mitigation

International trade support for businesses that trade internationally
International Trade Hub

Design a risk mitigation plan eliminate or minimise the impact of the risk on your business objectives. After evaluating the risk pick a risk mitigation strategy that avoids reduces or transfers the risk. Alternatively accept the risk as part and parcel of achieving business objectives.

Select and commit business resources required for specific risk mitigation strategies.

BusinessRiskTV

Seek out guidance on how to identify the risks your business may face. Understand how to respond to risk events. Put new risk management systems in place to deal with the risks cost effectively.

Learn how to develop a risk management plan to protect your business. Find ways to minimise business risks with a new risk management strategy and approach for managing.

Reduce not only the likelihood of an event occurring but also the potential impact. Make sure you also consider the opportunities to grow your business when determining how best to manage risks.

Subscribe to BusinessRiskTV for free risk management alerts bulletins and reviews to your email inbox

Work with BusinessRiskTV to identify alternative risk mitigation strategies methods tools and techniques for each key risk. Get risk management advice on how to control and minimise negative effects of key risks from network of risk management experts.

Promote and market your business on BusinessRiskTV for 12 months

How to find new customers and increase sales

Targeted Marketing Investment To Hit The Potential Buyers You Need To Grow Your Business Faster

Pro Risk Manager
Business and economy risk analysis

#BusinessRiskTV RiskIdentification #RiskEvents #RiskManagementStrategies #RiskMitigation #RiskManagement

BusinessRiskTV Identify potential risk events that could be damaging and develop strategies to mitigate them

Risk Magazine Subscription With BusinessRiskTV

Risk management news articles opinions and reviews on BusinessRiskTV.com

BusinessRiskTV risk magazine subscription is quick online. Want to find out more about your country or industry risks? Interested in how other business leaders and risk management experts manage business risks well or badly? Subscribe to BusinessRiskTV for free.

Risk analysis risk insight with risk management news opinions and reviews

Business Magazines UK

Inform your business decision making. CLICK HERE or email [email protected] entering code #RiskMagazineSubscription

Scan the horizon for risks that will impact on your business objectives. Inform your foresight and scenario planning processes to be better prepared for threats and opportunities to grow faster. Stay up to date with the best enterprise risk management practices. Avoid the pitfalls of business management others have fallen into.

Exploring the key risk management trends and practices

Helping you identify and manage better key risks to your business. Business leaders get the latest news on whats happening in the business world. Read risk analysis articles or participate in online debate and discussion.

Improve your risk knowledge and business intelligence to make best business decisions more often.

BusinessRiskTV

We welcome business leader and risk management professionals contributions. BusinessRiskTV was founded by Keith Lewis and is published by C&C Associates. We work with our risk management partners to provide tips advice and support to business leaders around the world. Seize the day with more confidence in your risk management decision making process.

Subscribe today with BusinessRiskTV for free alerts bulletins and reviews to your inbox

BusinessRiskTV online risk management magazine subscription. Complete and submit the form below and enter code #RiskMag.

Enter code #RiskMagazineSubscription

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

MarketplacesExhibitions
Save MoneyOnline Magazines

Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #RiskMag #RiskMagazine #RiskManagementMagazine #RiskManagementOnline #RiskManagementMarketplace #RiskManagementReviews #RiskManagementNews #RiskManagementArticles #RiskManagementTips #RiskManagementForums #RiskManagementAdvice #RiskManagement #EnterpriseRiskManagement #ERM #RiskMagazineSubscription #BusinessMagazine

Risk Magazine Subscription With BusinessRiskTV