Shipping Costs Spike In December And Could Get A lot Worse If Fighting Escalates 2024

Inflation and interest rates are not guaranteed to fall in 2024!

The Shanghai Containerised Freight Index: A Stormy Sea Ahead After Red Sea Attacks

The Shanghai Containerised Freight Index (SCFI), a key gauge of global shipping costs, has once again become a stormy sea, this time roiled by the recent attacks in the Red Sea in December 2023. While the index had been on a downward trend throughout 2023, offering hope for moderating inflation and easing supply chain pressures, the Red Sea disruptions have sent it surging back up, casting a shadow of uncertainty over the global economic outlook in 2024.

Prior to the Red Sea attacks, the SCFI had been on a steady decline since its January 2022 peak, dropping from over 5100 points to around 1250 points by December. This decline reflected some easing of congestion and pressure on shipping costs, raising hopes for a more stable economic climate.

However, the attacks on oil tankers and a commercial vessel near the Yemeni port of Hodeidah in December sent shockwaves through the shipping industry. The heightened security concerns and potential disruption to vital trade routes through the Red Sea have caused a sharp spike in the SCFI, pushing it back up to around 1800 points as of December 29, 2023.

Implications for Inflation and Interest Rates:

This sudden surge in the SCFI has significant implications for inflation and interest rates in 2024. As shipping costs rise, the price of imported goods increases, potentially fueling inflationary pressures. This could lead central banks to reconsider their monetary policy stances and potentially resume interest rate hikes to curb inflation.

The extent to which the Red Sea attacks impact inflation and interest rates will depend on several factors, including the duration of the disruptions, the effectiveness of security measures implemented, and the overall resilience of global supply chains. However, the potential for renewed inflationary pressures and tighter monetary policy is a cause for concern for businesses and consumers alike.

Risk Management Strategies for Business Leaders:

In this uncertain environment, business leaders must be prepared to navigate the choppy waters of the SCFI and mitigate the potential risks associated with rising shipping costs. Here are some key strategies to consider:

Diversify Supply Chains and Shipping Routes: Reduce reliance on Red Sea routes and explore alternative shipping routes and sourcing options to minimise exposure to disruptions.
Invest in Supply Chain Visibility: Enhance your ability to track shipments and anticipate potential delays to adjust inventory levels and production schedules.
Strengthen Supplier Relationships: Foster closer partnerships with key suppliers to ensure reliable supply and negotiate flexible pricing terms that account for fluctuating shipping costs.
Optimise Inventory Management: Implement data-driven inventory management practices to minimise carrying costs and optimise stock levels based on projected demand and SCFI trends.
Consider Flexible Pricing Models: Explore pricing models that can adjust to fluctuations in shipping costs and protect your profit margins.

By adopting these strategies, businesses can build resilience in their supply chains and navigate the challenges of a volatile SCFI in 2024.

Conclusion:

The recent spike in the SCFI serves as a stark reminder of the fragility of global supply chains and the potential for unforeseen events to disrupt the delicate balance of global trade. While the long-term impact of the Red Sea attacks remains uncertain, businesses must be prepared for a more challenging economic landscape in 2024. By remaining agile, diversified, and informed, businesses can weather the storm and emerge stronger in the face of an unpredictable shipping market.

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How will your business grow in 2024?

Business development ideas for your business to grow faster in 2024

5 Keys to Unlocking Exponential Online Growth in 2024: An Online Marketing Expert’s Guide for Business Leaders

The digital landscape is a churning ocean, offering both immense opportunities and fierce competition. As 2024 crests the horizon, business leaders seeking to stay afloat and reach new heights must prioritise online expansion. But with countless strategies and tools swirling around, it’s easy to feel overwhelmed. Fear not, for this guide serves as your compass, outlining the top 5 things you can do ASAP to supercharge your online sales and propel your business forward.

1. Master the Magnet: Become a Content Powerhouse

“Content is king,” as Bill Gates famously declared, and in the digital realm, this truth reigns supreme. Your website and social media channels are prime real estate, and you must fill them with content that captivates, educates, and ultimately converts visitors into loyal customers.

Craft compelling storytelling: Don’t just sell products, sell experiences. Weave narratives that resonate with your target audience, highlighting your brand’s values and how you solve their problems. Remember, people connect with emotions, not just features.

Embrace diverse formats: Text, video, infographics, podcasts – the content buffet is vast. Experiment with different formats to cater to varied learning styles and preferences. Short, engaging videos can explain complex concepts, while in-depth blog posts can showcase your expertise.

Become a knowledge hub: Establish yourself as a thought leader in your industry by creating valuable, informative content. Share insights, conduct live Q&As, and participate in online communities. This builds trust and positions you as the go-to authority, paving the way for sales.

Remember the evergreen: While trends come and go, high-quality evergreen content, like detailed product guides or industry reports, never loses its value. It drives consistent traffic and leads, becoming a cornerstone of your digital strategy.

Quote Power: “The key to successful content marketing is to create quality content that people want to share, with the intention of getting readers to come back for more.” – Jeff Bullas

2. SEO: The Unsung Hero of Traffic Acquisition

Search Engine Optimisation (SEO) is the invisible force that catapults your website to the top of search engine results pages (SERPs). The higher you rank, the more eyes land on your offerings, and the more sales you unlock.

Keyword research is your treasure map: Identify relevant keywords your target audience uses to search for products or services like yours. Tools like Google Keyword Planner and Ahrefs can be your guide.

Optimise your website content: Integrate these keywords naturally throughout your website, from page titles and headers to meta descriptions and blog posts. Remember, keyword stuffing is a digital sin – prioritise user experience and natural language.

Technical SEO: The engine under the hood: Ensure your website’s structure and code are optimised for search engines. Page loading speed, mobile-friendliness, and internal linking are crucial factors.

Backlinks are your currency: Earn high-quality backlinks from reputable websites, acting like votes of confidence in your content. Guest blogging, collaborating with influencers, and creating shareable content can help you earn these valuable links.

Quote Power: “The aim of SEO is to get people to find you when they’re looking for something. It’s not about manipulating search engines, it’s about providing a great user experience.” – Danny Sullivan

3. Embrace the Social Butterfly: Master Social Media Engagement

Social media is where you connect, converse, and build relationships with your audience. It’s not just about broadcasting promotional messages; it’s about creating a vibrant community.

Know your platform playground: Different platforms cater to different demographics and communication styles. Find where your target audience thrives – be it the visual feast of Instagram, the professional networking of LinkedIn, or the trending topics of Twitter.

Authenticity is your secret weapon: Be genuine, be transparent, and share your brand personality. Engage in conversations, respond to comments, and run interactive polls or contests. Show your audience the human side of your business.

Visual storytelling is key: High-quality images and videos capture attention and spark engagement. Showcase your products in action, share behind-the-scenes glimpses, and create visually appealing content that resonates with your audience.

Paid advertising can turbocharge your reach: Strategic social media advertising can get your content in front of a wider audience, particularly targeted toward specific demographics and interests. But remember, organic engagement is still king – use paid ads as a complementary tool, not a replacement for meaningful engagement.

Quote Power: “Social media is not about the platforms, it’s about the people. Connect with your audience, not just the customers.” – Simon Sinek

4. Personalisation: The Customer-Centric Compass

In today’s digital age, customers crave personalised experiences. They want to feel seen, heard, and understood. To unlock exponential growth, you must move beyond one-size-fits-all marketing and embrace personalisation.

Data becomes your crystal ball: Leverage customer data, website analytics, and purchase history to understand your audience’s preferences, pain points, and buying behavior. Use this information to tailor your marketing messages, product recommendations, and website content to their individual needs.

Dynamic content delivers: Implement dynamic content tools that personalise website experiences based on visitor data. Show targeted product recommendations, display relevant blog posts, and adjust website copy based on location or demographics. This creates a unique and engaging experience for each customer, increasing the likelihood of conversion.

Emailing with empathy: Segment your email lists and craft personalised messages that resonate with each segment. Offer targeted discounts, share relevant blog content, and celebrate important milestones like birthdays or anniversaries. Remember, automation is valuable, but authenticity is priceless.

Quote Power: “The aim of marketing is to know and understand the customer so well the product or service sells itself.” – Peter Drucker

5. Measure, Adapt, Thrive: Embrace the Growth Mindset

Your online marketing journey isn’t set in stone. It’s a continuous loop of experimentation, analysis, and improvement. Tracking your results is crucial to understanding what works and what needs tweaking.

Data, your faithful companion: Utilise analytics tools to monitor website traffic, engagement metrics, and conversion rates. Identify patterns, understand user behaviour, and pinpoint areas for improvement. Remember, A/B testing is your friend – test different headlines, call-to-actions, and website layouts to see what resonates best with your audience.

Agility is your superpower: Be prepared to adjust your strategies based on data insights. Don’t be afraid to pivot if a campaign isn’t performing or embrace new trends if they align with your target audience. Remember, the most successful businesses are those that learn and adapt quickly.

Embrace lifelong learning: Stay ahead of the curve by learning new marketing trends, attending industry events, and following thought leaders. The digital landscape is constantly evolving, and continuous learning is key to maintaining a competitive edge.

Quote Power: “It’s not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.” – Charles Darwin

In Conclusion:

The path to online growth in 2024 is paved with content, strategy, and a customer-centric approach. By leveraging these five keys and embracing a data-driven, adaptable mindset, you can unlock explosive growth for your business. Remember, success online is not a sprint, it’s a marathon. Be patient, be persistent, and most importantly, be passionate about connecting with your audience and delivering value.

This guide serves as your starting point, but the journey is yours to explore. So, step into the digital arena, wield your content sword, and conquer the online frontier. The future of your business awaits!

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Risks Business Leaders Fear Most : Geopolitical Risks 2024

Make sure you know who could damage your business or present new opportunities for growth

2024: Navigating the Political Storm – A Business Leader’s Guide to Risk Management

As we gaze into the crystal ball of 2024, the political landscape shimmers with both opportunity and peril. For business leaders, navigating this terrain requires not just a keen eye for the market, but an astute understanding of the political forces that can shape – or shatter – their best-laid plans. Let’s look at political risk insights and risk management strategies needed to mitigate the biggest political risks of the year ahead.

The Looming Giants: Four Major Political Risks of 2024

The US Presidential Election: Buckle up, folks, it’s a wild ride. With the incumbent facing a resurgent opposition and a potential third-party candidate throwing a wrench in the gears, the 2024 US election promises to be a nail-biter. The volatility will spill over into global markets, impacting trade, investment, and even travel.

Quote: “Politics are almost as exciting as war, and quite as unpredictable.” – Winston Churchill

Geopolitical Tensions: The simmering tensions between major powers, fuelled by ideological clashes and resource competition, threaten to boil over in 2024. From the South China Sea to the Ukraine conflict, businesses with footprints in these volatile regions must prepare for disruptions and potential sanctions.

Quote: “In times of conflict, the law falls silent.” – Marcus Tullius Cicero

The Rise of Populism: The siren song of populism continues to enchant disillusioned voters, potentially ushering in leaders with unpredictable agendas and protectionist policies. Businesses reliant on open markets and global supply chains must adapt to navigate these shifting sands.

Quote: “A nation cannot exist half slave and half free.” – Abraham Lincoln

Climate Change and Social Unrest: As the existential threat of climate change intensifies, so too does the potential for social unrest and political instability. Businesses operating in vulnerable regions must factor in the possibility of protests, civil disobedience, and even government clampdowns.

Quote: “The Earth has provided for life for billions of years… it will do so for billions more without us.” – Carl Sagan

Risk Management Toolbox: Strategies for Weathering the Storm

While the future is inherently uncertain, proactive risk management can turn challenges into opportunities. Here are some key strategies to consider:

Scenario Planning: Develop multiple scenarios based on different political outcomes, allowing you to adapt and pivot quickly. Think of it as playing chess ahead of time, considering all your opponent’s possible moves.
Diversification: Don’t put all your eggs in one basket. Spread your investments and operations across diverse regions and markets, diluting your exposure to any single political risk.
Lobbying and Engagement: Build relationships with policymakers and key stakeholders. Proactive engagement can ensure your voice is heard and your interests are considered as policies are formulated.
Crisis Communication: Have a clear communication plan in place for navigating potential crises. Transparency and timely updates can mitigate reputational damage and build trust with stakeholders.
Seek Expert Guidance: Don’t go it alone. Leverage the expertise of political risk consultants who can provide tailored insights and strategies for navigating complex political landscapes.

Remember, the key to successful risk management is not predicting the future, but being prepared for whatever it throws your way. By understanding the biggest political risks of 2024 and implementing these proactive strategies, you can turn uncertainty into a competitive advantage and steer your business toward continued success. And as Sun Tzu wisely advised, “Know the enemy and know yourself; in every battle, you will then be victorious.”

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Brits Not Smashing It Americans Just Worse Economically

Currencies compete against each other and their value may not reflect their true worth!

The Sterling Saviour: Why America’s Woes, Not Britain’s Brawn, Bolster the Pound

Across the pond, a curious spectacle unfolds. The British pound, battered and bruised for years, has suddenly found favour, flexing its muscles against the mighty dollar in December 2023. While headlines trumpet a resurgent Britain, let’s hold the Union Jack confetti for a moment. This newfound strength has less to do with Britannia’s biceps and more to do with Uncle Sam’s wobbly ankles.

UK business leaders and consumers need to peek beyond the celebratory bunting and understand the true story behind the pound’s ascent. It’s not solely a tale of British brilliance, but rather a reflection of America’s deepening economic and political quagmire.

Debt Avalanche: When Uncle Sam Gets Buried Under Bills

America’s national debt has ballooned to astronomical heights, surpassing a staggering $30 trillion. This mountain of red ink, fueled by years of government overspending and tax cuts for the wealthy, casts a long shadow over the US economy. It cripples the government’s ability to invest in crucial infrastructure and social programs, while simultaneously saddling future generations with a crushing burden.

This debt tsunami isn’t limited to Uncle Sam’s coffers. American consumers are drowning in their own ocean of debt, with student loans, mortgages, and credit card balances reaching record levels. This mountain of personal debt hampers economic growth, as consumers tighten their belts and reduce spending.

The Fragile Colossus: Cracks in the American Banking System

The 2008 financial crisis left deep scars on America’s banking system. While regulations have tightened, concerns linger about the stability of some financial institutions. The recent turbulence in the cryptocurrency market and the potential implosion of major players like FTX further erode confidence in the financial sector.

These anxieties spill over into the global financial system, impacting the dollar’s perceived safe-haven status. Investors, spooked by American financial fragilities, seek refuge in alternative currencies, including the pound.

Political Pendulum: When Washington Becomes a Wobbling Circus

American politics have become a spectacle of division and dysfunction. Hyper-partisanship and gridlock in Washington make it nearly impossible to address pressing issues like inflation, healthcare, and climate change. This political uncertainty breeds economic anxiety, further weakening the dollar’s allure.

In contrast, the UK, despite its own political challenges, appears relatively stable. Brexit anxieties have subsided, and a new Prime Minister offers a semblance of direction. This perceived stability, compared to the American political rollercoaster, makes the pound a more attractive proposition for some investors.

Britannia’s Balancing Act: Not All Roses and Tea

Let’s not paint a rosy picture for the UK either. Britain grapples with its own set of economic woes, including rising inflation, a labour shortage, and dependence on volatile global markets. The war in Ukraine and ongoing supply chain disruptions further complicate the picture.

The Bank of England’s recent interest rate hikes, aimed at curbing inflation, could also dampen economic growth. A potential recession on the horizon would undoubtedly weaken the pound.

Navigating the Currency Crossroads: Cautious Optimism for UK Businesses and Consumers

So, where does this leave UK businesses and consumers? The pound’s recent strength offers a welcome respite, but it’s not a magic bullet. Businesses should exercise caution when making currency-dependent decisions, hedging against potential fluctuations. Diversifying markets and currencies can mitigate risk and ensure long-term stability.

For consumers, the stronger pound could translate to slightly cheaper imported goods and travel. However, inflationary pressures may offset these gains. Responsible budgeting and financial planning remain crucial, regardless of the pound’s performance.

In conclusion, the pound’s December surge is less a testament to British might and more a symptom of American malaise. A confluence of debt, financial fragility, and political uncertainty across the Atlantic has pushed investors towards the perceived relative stability of the UK. However, it’s vital to remember that Britain’s own economic challenges loom large.

For UK businesses and consumers, the message is clear: embrace cautious optimism. Enjoy the currency tailwind while it lasts, but prepare for potential choppy waters ahead. Focus on building resilience, diversifying risk, and making sound financial decisions, lest the tide turn once again. Remember, currency markets are a fickle beast, and the sun rarely shines eternally on any single shore.

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Risk Management Planning Hampered By Vastly Inaccurate Risk Management Modelling Platforms

If you don’t have confidence in your risk management modelling system, then you cannot have confidence in your risk management plan!

The Cloudy Crystal Ball: Why Economic Models Can’t Predict the Future (and What We Can Do About It)

As business leaders and consumers in the UK navigate the ever-turbulent waters of the global economy, one question looms large: can we trust the forecasts? Economic models, once hailed as oracles of the future, have stumbled badly in recent years, failing to anticipate major events like the 2008 financial crisis and the COVID-19 pandemic. This has left many wondering: are we all just flying blind?

The Limits of the Model Machine:

Economic models are not, and never will be, crystal balls. While these complex mathematical constructs can provide valuable insights into economic trends, they are inherently limited by a number of factors:

Incomplete Data: Economic models rely on historical data to identify patterns and relationships. However,the economy is a dynamic system,constantly evolving in unpredictable ways. New technologies, political upheavals, and natural disasters can all throw sand in the gears of even the most sophisticated model.
Human Factor Flaw: The economy is ultimately driven by human behaviour,which is notoriously difficult to predict. Models often struggle to account for factors like consumer confidence, investor sentiment, and political decision-making, leading to inaccuracies.
The Black Swan Problem: As Nassim Nicholas Taleb famously argued,unforeseen events – “black swans” – can have a profound impact on the economy. Models excel at predicting the familiar, but struggle to handle the truly unexpected.

The Governor’s Voice:

This point has been echoed by no less than Andrew Bailey, the Governor of the Bank of England, who, in a speech earlier this year, stated:

“Economic models are powerful tools, but they are not infallible. They are based on historical data and assumptions, and they can be blindsided by unexpected events. It is important to remember that models are not reality, they are just a simplified representation of it.”

Beyond the Model Maze:

So, if economic models cannot be relied upon for perfect foresight, are we doomed to make decisions in the dark? Absolutely not. While models may not provide infallible predictions, they can still be valuable tools for understanding the underlying dynamics of the economy. Here are some ways we can move beyond the limitations of models and make informed decisions in a world of uncertainty:

Embrace Scenario Planning: Instead of relying on a single “most likely” forecast, consider multiple scenarios, ranging from optimistic to pessimistic. This allows for a more nuanced understanding of potential risks and opportunities.
Focus on Leading Indicators: While lagging indicators, like GDP growth, tell us what has happened, leading indicators, like consumer confidence surveys, can provide clues about what might happen. By monitoring these signals, we can be better prepared for potential shifts in the economy.
Listen to the Ground: Don’t get lost in the data blizzard. Talk to businesses, consumers, and workers on the ground to get a sense of their lived experiences and concerns. This qualitative data can complement the quantitative insights from models and provide a more holistic understanding of the economic landscape.
Prioritise Adaptability: In a world of constant change, the ability to adapt is key. Businesses and consumers should focus on building resilience and flexibility into their plans, allowing them to adjust to unforeseen circumstances.

Conclusion:

Economic models are imperfect tools, but they are not useless. By understanding their limitations and employing additional strategies, we can move beyond the model maze and make informed decisions in an uncertain world. As Bank of England Governor Bailey reminded us, “The future is always uncertain, but by being prepared and adaptable, we can navigate the challenges ahead and build a more resilient economy.”

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Lions Led By Donkeys

We get the politicians we deserve!

The A Political Quagmire: Navigating Uncertain Seas in the US and UK

The year 2023 has painted a stark picture of political dysfunction in both the United States and the United Kingdom. In the US, a gridlocked Congress produced a meager 23 bills, a far cry from the legislative productivity expected from the world’s leading democracy. Across the Atlantic, the echoes of Brexit continue to reverberate, with the UK Parliament bogged down in endless debates instead of tackling the pressing economic challenges facing the nation. This grim reality poses a significant challenge for individuals and businesses in both countries, leaving them adrift in a sea of uncertainty.

The American Stalemate: A Congress in Paralysis

The 2023 legislative output of the US Congress stands as a testament to the deep partisan divide currently gripping American politics. Republicans and Democrats seem locked in a perpetual tug-of-war, more interested in scoring political points than finding common ground. This has resulted in a legislative drought, leaving crucial issues like healthcare reform, infrastructure development, and climate change unaddressed.

For individuals, this political paralysis translates into a sense of disillusionment and a feeling of being forgotten by their elected representatives. The lack of progress on key issues like healthcare affordability and student loan debt directly impacts their lives, while the inaction on climate change raises anxieties about the future. Meanwhile, businesses face an unpredictable regulatory environment, hindering investment and economic growth.

Navigating the Labyrinth: What Americans Can Do

In the face of this legislative inertia, individuals and businesses must become the architects of their own destinies. Here are some strategies to navigate the American political quagmire:

Stay informed: Stay abreast of current events and political developments. Follow reputable news sources from both sides of the spectrum to understand the nuances of the issues and hold your elected officials accountable.
Engage constructively: Reach out to your representatives and express your concerns and priorities. Support organizations that advocate for issues you care about and participate in peaceful protests and demonstrations.
Vote strategically: Research the candidates in your local and national elections and vote based on their track record and policy positions. Consider candidates who demonstrate a willingness to compromise and work across the aisle.
Focus on local politics: Engage with your local community and participate in local elections. Local governments often have a significant impact on daily life, and your involvement can make a real difference.
Support civic engagement initiatives: Encourage and educate others about the importance of political participation. Promote initiatives that foster civil discourse and bridge the partisan divide.

Brexit’s Bitter Aftermath: UK’s Economy Lost in the Fog

While the US suffers from congressional gridlock, the UK grapples with the fallout of Brexit. The 2016 referendum, which saw a narrow vote to leave the European Union, has plunged the nation into a protracted political and economic crisis. Parliament remains embroiled in endless debates about the terms of the withdrawal agreement, with little progress made on addressing the concerns of businesses and citizens regarding trade, immigration, and the future of the National Health Service.

For individuals, Brexit has brought uncertainty about jobs, wages, and access to essential goods and services. Businesses face complex bureaucratic hurdles and the potential for reduced market access. The ongoing political turmoil erodes confidence in the economy and dampens investment, further hindering growth.

Charting a Course Forward: How the UK Can Steer Out of Troubled Waters

To emerge from this quagmire, the UK needs a renewed focus on pragmatism and national unity. Here are some potential pathways forward:

Prioritise the economy: Parliament must shift its focus from Brexit minutiae to addressing the immediate concerns of businesses and citizens. Policies that stimulate economic growth, create jobs, and support vulnerable communities are essential.
Seek common ground: Political parties must find ways to cooperate and compromise on key issues.Collaborative leadership that transcends partisan divides is crucial for navigating the challenges ahead.
Foster open dialogue: The government must engage in transparent communication with the public, clearly explaining the implications of various Brexit scenarios and seeking feedback on potential solutions.
Invest in education and skills training: Equipping the workforce with the necessary skills to thrive in the post-Brexit landscape is crucial for long-term economic success.
Promote international cooperation: Building strong relationships with other countries, both within and outside of the EU, will be essential for securing trade deals and fostering economic opportunity.

A Common Challenge, Different Solutions

While the political landscapes of the US and UK differ significantly, the challenges they face share a common thread: a lack of effective governance and a disconnect between elected officials and the people they represent. To overcome these hurdles, both nations must rediscover the spirit of compromise, prioritise the needs of their citizens and businesses, and embrace pragmatism over ideology.

The road ahead will undoubtedly be challenging, but by staying informed, engaging constructively, and holding their leaders accountable, individuals and businesses can play a vital role.

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Will you drown or be saved with cryptos?

Some bank shares are still more than 90% off their peak pre 2008 financial crisis so there is no such thing as “safe as money in the bank”!

The Inflationary Storm: Are Cryptos Your Lifeboat?

A dark cloud hangs over the global economy. Whispers of recession turn into shouts, and governments, desperate to keep the ship afloat, resort to the familiar mantra: fiscal stimulus and quantitative easing. But what does this mean for your hard-earned money? Enter cryptocurrencies: a digital life raft in a sea of potential devaluation.

As a currency and economics expert, I’m here to navigate these choppy waters. Today, we’ll explore the potential for crypto as a hedge against fiat currency devaluation. We’ll dive into the economic storm, examine the limitations of traditional safeguards, and assess whether venturing into the crypto realm could be your best bet.

The Looming Devaluation:

Governments and central banks worldwide have injected trillions into their economies since the pandemic. This, coupled with supply chain disruptions and geopolitical tensions, is fuelling an inflationary fire. Fiat currencies, backed by nothing but government promises, are losing their purchasing power. A loaf of bread that cost $2 yesterday may cost $2.10 tomorrow, silently eroding your savings and future.

Traditional Safe Havens Fail:

Historically, gold and other precious metals have been go-to hedges against inflation. But their limited supply and physical constraints don’t cater to everyone’s needs. Real estate or property, another traditional option, suffers from high entry barriers and illiquidity.

This is where cryptocurrencies enter the picture. With their decentralised nature, limited supply, and global reach, they present a new, albeit volatile, option.

The Crypto Advantage:

Limited Supply: Unlike fiat currencies,many cryptocurrencies, like Bitcoin,have a predetermined cap on their supply. This scarcity helps limit inflation and potentially increases their value over time.
Decentralisation: Cryptocurrencies aren’t subject to the whims of governments or central banks. Their decentralised networks offer a buffer against devaluation policies used to stimulate economies.
Global Accessibility: Anyone with an internet connection can access and trade cryptocurrencies, regardless of location or financial standing. This democratises wealth management and opens doors to previously excluded individuals.
Store of Value: While their volatility often grabs headlines, cryptocurrencies like Bitcoin have exhibited long-term value appreciation. Their potential to act as a digital gold, a secure store of value in a turbulent economy, is undeniable.

The Risk Factor:

However, venturing into the world of cryptocurrencies isn’t without its risks:

Volatility: The crypto market is notoriously volatile. Prices can swing wildly, making them potentially unsuitable for risk-averse individuals.
Regulation: The regulatory landscape surrounding cryptocurrencies is still evolving, creating uncertainty and potential for government intervention.
Security: Crypto wallets and exchanges have been targets for hackers, highlighting the importance of choosing secure platforms and practicing safe storage methods.

Navigating the Crypto Waters:

So, should you dive into the crypto ocean as a hedge against devaluation? The answer depends on your individual circumstances and risk tolerance. If you’re looking for a safe haven, traditional options like gold might be better suited. However, if you have the risk appetite and are willing to do your research, cryptocurrencies could be a valuable addition to your portfolio.

Remember, diversification is key. Don’t put all your eggs in the crypto basket. Start with a small allocation, understand the risks involved, and invest only what you can afford to lose.

For Business Leaders:

Explore crypto’s potential as a payment option: Accepting cryptocurrencies can attract tech-savvy customers and expand your reach.
Consider crypto investments: Carefully assess the risks and potential rewards of incorporating crypto into your portfolio.
Educate your employees: Equip your team with the knowledge they need to understand and potentially utilise cryptocurrencies.

For Consumers:

Do your research: Understand the different types of cryptocurrencies and their underlying technologies before investing.
Diversify your portfolio: Don’t put all your eggs in the crypto basket.
Start small: Invest only what you can afford to lose, and remember the market is volatile.
Choose secure platforms: Store your cryptocurrencies in reputable wallets and exchanges.

Cryptocurrencies present a fascinating blend of opportunity and risk in the face of potential fiat currency devaluation. While not a guaranteed solution, they offer a novel approach to securing your financial future. Remember, knowledge is power in this realm. Educate yourself, assess your risk tolerance, and make informed decisions to weather the coming economic storm. The crypto lifeboat might just be the key to staying afloat in the inflationary seas ahead.

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Institutional investors muscling into your housing market

Who will be your landlord in future and what does it mean in the short and long term?

The Rise of Institutional Homeownership: Will Banks Become Your Landlord?

The traditional image of a homeowner – an individual or family purchasing a property for personal use – is undergoing a significant shift in the United Kingdom. Enter the institutional investor, specifically banks like Lloyds, venturing into the single-family home market on a grand scale. This trend, while nascent, poses intriguing questions about the future of housing affordability, rents, and the very nature of homeownership in the UK.

Banks as Landlords: A New Game in Town

Driven by factors like low interest rates, a perceived hedge against inflation, and the potential for stable rental income, institutional investors are increasingly eyeing the residential property market. Lloyds Bank, the UK’s largest mortgage provider, stands as a prime example. In 2021, they partnered with the housebuilder Taylor Wimpey to acquire thousands of newly built homes for rental purposes. This move isn’t isolated; similar initiatives are underway across the pond in the US, with major players like Blackstone and Goldman Sachs amassing vast portfolios of single-family homes.

Impact on Housing Prices: A Double-Edged Sword

The immediate impact of institutional buying on house prices is a complex issue. On the one hand, their deep pockets could inject significant capital into the market, potentially driving up prices, particularly in desirable locations. This could exacerbate affordability concerns, especially for first-time buyers already struggling with rising costs.

On the other hand, some argue that institutional investors might act as a stabilising force, purchasing excess inventory during market downturns and preventing price crashes. Additionally, their focus on energy-efficient, modern homes could contribute to long-term improvements in the housing stock.

Ultimately, the net effect on prices will depend on various factors, including the scale of institutional buying, government policies, and broader economic trends.

Rents on the Rise? Not So Simple Either

While the prospect of institutional landlords might raise concerns about rent hikes, the reality is likely to be more nuanced. Firstly, these investors are primarily interested in long-term, stable returns, which incentivises them to offer competitive rents to attract and retain tenants. Additionally, regulations like rent control measures could play a role in curbing excessive rent increases.

However, concerns remain. The sheer volume of homes owned by institutions could give them significant market power, potentially allowing them to exert upward pressure on rents, particularly in areas with limited housing options. Moreover, the focus on professional property management might lead to a less personal and potentially less responsive landlord-tenant relationship compared to traditional setups.

The Long View: Redefining Homeownership

The long-term implications of this trend are far-reaching. A future with a significant portion of homes owned by institutions could fundamentally alter the concept of homeownership in the UK. Traditional homeowner aspirations, centred around property ownership and wealth accumulation, might give way to a renter-centric model, where stability and affordability become the primary concerns.

This shift could have profound social consequences, potentially impacting wealth distribution, community dynamics, and even political landscapes. It’s crucial to have open and informed discussions about the potential benefits and drawbacks of this new paradigm, ensuring that policies and regulations are in place to protect tenants and safeguard a healthy housing market for all.

Beyond the Numbers: Humanising the Equation

In the rush to analyse statistics and market trends, it’s important to remember that housing is more than just an investment or a commodity. Homes are where families build memories, communities thrive, and lives unfold. As we navigate this changing landscape, it’s essential to keep the human element at the centre of the conversation. We must ensure that this new wave of institutional ownership doesn’t come at the cost of affordability, stability, and the very essence of what makes a house a home.

The rise of institutional homeownership presents a complex and multifaceted challenge for the UK. While it holds the potential to boost the housing market and offer stability, it also raises concerns about affordability, renter rights, and the long-term social impact. As we move forward, careful consideration, informed policy decisions, and a focus on human needs are crucial to ensure that this new chapter in UK housing benefits everyone, not just the bottom line of institutional investors.

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Business Leaders Have Self Preservation and Moral Obligation To Manage Risks Better

It’s going to pop or we are heading for soft landing economically speaking?

Navigating the Storm: A Guide for Business Leaders in a Sea of Speculation

My fellow business leaders, we stand at a pivotal moment. The alluring winds of speculation have inflated a bubble across stocks, bonds, and other debt assets, leaving us staring at a precarious horizon. 2024 looms large, with the question on everyone’s mind: are lower interest rates a life raft or a leaky pontoon for a world economy teetering on the brink? Can we navigate this volatile sea, deflate the bubble gently, and ensure a smooth landing, or is a catastrophic crash inevitable?

Firstly, let’s acknowledge the elephant in the room: we are in a bubble. Asset prices have been inflated beyond their intrinsic value, fueled by easy money, a search for yield in a low-interest-rate environment, and, frankly, a touch of irrational exuberance. This artificial inflation has distorted markets, misallocated resources, and sown the seeds of potential crisis.

Now, to the burning question: can lower interest rates be the balm that soothes the bubble? The answer, like the ocean itself, is nuanced.

Lowering interest rates could provide temporary relief. It would inject liquidity into the market, potentially buying time for asset prices to adjust gently. Imagine it as lowering the pressure in a balloon—a slow release might prevent a sudden explosion. However, this approach comes with risks. More liquidity could further inflate the bubble, creating a bigger problem down the line. Additionally, it could weaken the already-anemic economic growth, leading to a “zombie economy” propped up by cheap money.

So, is it too late for a controlled descent? I wouldn’t write the obituary just yet. While the risks are undeniable, we still have room for manoeuvre. Here’s the good news: the bubble hasn’t fully popped yet. We can still act, and businesses have a crucial role to play.

Here’s my prescription for weathering the storm:

1. Prudence over Profits: In this uncertain climate, prioritise caution over short-term gains. Focus on building reserves, reducing debt, and diversifying your portfolio. Remember, cash is king during market downturns.

2. Agility over Rigidity: Be prepared to pivot quickly. Reassess your business model, identify new opportunities, and be ready to adapt to changing market dynamics. This could involve embracing digital transformation, exploring new markets, or even restructuring your operations.

3. Innovation over Imitation: Don’t wait for the tide to turn, swim against it. Invest in innovation, develop new products and services that address pressing societal needs, and stay ahead of the curve. This is the time to disrupt, not follow suit.

4. Collaboration over Competition: The coming storm requires unity, not rivalry. Collaborate with other businesses, share resources, and build robust supply chains. Remember, rising tides lift all boats, and when one ship sinks, the entire fleet can be endangered.

5. Responsibility over Recklessness: As leaders, we have a responsibility not just to our shareholders, but to our employees, communities, and the planet. Embrace sustainable practices, promote ethical business practices, and prioritise long-term value creation over short-term gain.

Ultimately, whether we emerge from this bubble unscathed or witness a painful burst depends on our collective actions. Business leaders, we have the power to be anchors in this storm, steering our companies, and by extension, the global economy, towards a safe harbour. Let’s choose prudence over panic, agility over rigidity, and collaboration over competition. Let’s build businesses that not only survive but thrive in the volatile ocean of speculation. Remember, it’s not about predicting the storm, it’s about weathering it with resilience and responsibility. Together, we can ensure that 2024 is not the year of a crash, but a year of controlled descent, leading to a stronger, more sustainable future for all.

This is not just an economic imperative, it’s a moral one. Let’s navigate this sea of speculation with courage, foresight, and a shared commitment to the well-being of our businesses, our communities, and our planet.

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Control the controllable

You can still be in control of your destiny

Stop Predicting Mishaps and Build a Fortress: Managing Resilience in Uncertain Times

The world outside your boardroom window is a tempestuous ocean. Unforeseen tides roll in, stormy winds whip up, and unpredictable leaders steer their own vessels with varying degrees of… competence. As business leaders, we’re tempted to focus on these external fluctuations, squinting into the distance, trying to divine the next political misfire, economic tremour, or environmental upheaval. We spend countless hours crafting intricate contingency plans for every conceivable dystopian scenario – all while neglecting the most critical factor in our control: building a resilient business.

Instead of exhausting ourselves predicting the machinations of our “great leaders,” let’s shift our gaze inward. Let’s focus on what we can control: fortifying our own organisations. Let’s become architects of resilience, crafting businesses that thrive amidst chaos, bounce back from adversity, and emerge stronger from the stormiest seas.

Redefining Resilience: Beyond Crisis Planning

Resilience isn’t just about weathering a crisis. It’s about adapting, evolving, and even profiting from unexpected challenges. It’s about building an organisation that doesn’t merely survive the punches, but thrives on the throws. To achieve this, we need to move beyond reactive crisis planning and embrace a proactive, holistic approach to resilience.

The Pillars of a Resilient Business:

Foundational Stability: A resilient business starts with a rock-solid foundation. This means solid financial management, robust infrastructure, and a clear understanding of your core competencies and value proposition. Ensure your financial house is in order, with diversified revenue streams and adequate reserves to weather unexpected downturns. Invest in critical infrastructure, from IT systems to supply chains, ensuring redundancy and adaptability. Know your strengths and weaknesses inside-out, and focus on what you do best – outsourcing non-core functions to agile partners.
Agile & Adaptive Culture: Rigid organisations crumble under pressure. Cultivate a culture of agility and adaptability where employees are empowered to make decisions, take risks, and experiment. Encourage open communication, cross-functional collaboration, and continuous learning. Embrace diverse perspectives and foster a “fail fast, learn fast” mentality. Bureaucracy breeds stagnation; agility nurtures resilience.
Innovation Engine: Disruption is the new normal. Stay ahead of the curve by fostering a culture of innovation. Invest in research and development, encourage creative problem-solving, and reward out-of-the-box thinking. Be open to new technologies, business models, and market opportunities. Turn uncertainty into an opportunity to innovate and differentiate yourself from the competition.
Risk Management Mindset: While we shouldn’t obsess over predicting specific external events, a proactive risk management framework is crucial. Identify potential threats, assess their likelihood and impact, and develop mitigation strategies. Regularly review and update your risk assessments, and ensure effective communication and training around risk management protocols. Be prepared, but don’t get paralysed by fear of the unknown.
Stakeholder Trust & Engagement: Trust is the mortar that binds an organisation together. Cultivate strong relationships with employees, customers, suppliers, and other stakeholders. Be transparent in your communication, proactive in addressing concerns, and responsive to their needs. A network of trust enables your organization to weather storms together, with everyone aligned towards a common goal.

Driving Business Goals With Resilience as Your Fuel:

Building resilience isn’t about neglecting your objectives. It’s about ensuring you achieve them despite, and even because of, external turbulence. A resilient business is a proactive business, one that anticipates change and turns it to its advantage. By focusing on internal strengths and adaptability, you position yourself to seize opportunities amidst disruption, navigate uncharted waters, and emerge as a leader in the new landscape.

Remember, the next leader’s blunder, economic downturn, or natural disaster is inevitable. Stop squinting into the fog and get to work building your ark. Invest in internal strength, agility, and innovation. Forge a culture of resilience, and watch your business weather any storm while achieving its intended destination. By focusing on what you can control, you turn uncertainty into opportunity and become the captain of your own destiny, no matter who’s steering the world around you.

This is just the beginning of the conversation. Let’s keep building more resilient businesses, together.

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Future Of Cryptocurrency

Fools gold or once in a lifetime opportunity in 2024?

The Crystal Ball of Crypto: Predicting Spot ETF Acceptability and Market Impact in 2024

The nascent world of cryptocurrencies has been on a rollercoaster ride, its trajectory heavily influenced by regulatory decisions, particularly when it comes to Exchange-Traded Funds (ETFs). Spot ETFs, tracking the underlying price of a crypto asset directly, promise to unlock unprecedented mainstream access and potential legitimisation for this new asset class. With multiple applications currently under review in various countries, the question remains: Where will these applications land? And what does it mean for cryptocurrency valuations in 2024? Predicting the future is always precarious, but by analysing current trends, regulatory landscapes, and industry sentiment, we can paint a picture of potential scenarios.

The Global Regulatory Landscape: Shades of Gray across Borders

The regulatory landscape for crypto assets, and Spot ETFs by extension, remains fragmented and diverse. Different countries approach the issue with varying degrees of receptiveness and caution. Let’s take a peek into some key regions:

North America: The US, the world’s largest financial market, has been notoriously hesitant. Despite numerous applications, the SEC hasn’t approved any Spot ETFs yet, citing concerns over market manipulation and investor protection. However, recent developments like BlackRock’s application and a court favouring Grayscale’s case signal a potential shift towards approval in 2024. Canada, on the other hand, has already approved several Spot ETFs, setting a precedent for the region.
Europe: Europe has taken a more pragmatic approach, with Germany approving its first Spot ETF in 2021. Several other European countries are actively considering applications, with Switzerland and France potentially following suit in 2024. However, stricter regulatory frameworks like MiCA could impose additional hurdles.
Asia: The picture in Asia is complex. Hong Kong, known for its financial openness, recently broke new ground by approving its first Spot ETF, the CSOP Bitcoin Futures ETF. This marks a significant departure from the stance of mainland China, which has banned individual crypto trading entirely. Meanwhile, Japan, after initial apprehension, has recently approved a Bitcoin futures ETF, potentially paving the way for further developments.

Predicting the Domino Effect: Acceptance Scenarios and their Impact

Based on these regional variations, let’s consider three potential scenarios for Spot ETF acceptance by the end of 2024:

Scenario 1: The Dam Breaks Open

A wave of approvals sweeps across major markets like the US, Canada, and several European countries. This scenario, fueled by growing institutional interest and industry pressure, could trigger a surge in demand for crypto assets, driving up valuations significantly. Increased liquidity and accessibility could attract new investors, further amplifying the bull run. This scenario, however, also carries risks, as rapid price climbs could be followed by sharp corrections if regulatory crackdowns or technological limitations arise.

Scenario 2: A Measured Waltz

Acceptance occurs but at a controlled pace. Regulators take time to carefully vet applications, prioritising robust safeguards and investor protection. This scenario would result in a gradual rise in valuations without the intense volatility of Scenario 1. New investors would enter cautiously, ensuring a more sustainable growth trajectory. However, this also means the full potential of Spot ETFs would be realised over a longer timeframe.

Scenario 3: The Cold Shoulder

Regulatory hurdles persist, with major markets like the US remaining hesitant. This scenario would keep the crypto market confined to its current niche, hindering mainstream adoption and limiting valuation growth. However, it could also foster further innovation within the crypto ecosystem, driving development towards greater decentralisation and security.

Beyond the Crystal Ball: The Unknowns and Opportunities

Predicting the future of crypto valuations is an intricate dance with numerous variables. Even the most robust analysis must acknowledge the presence of unforeseen black swans: unforeseen regulatory shifts, technological breakthroughs, or major market events. However, regardless of the specific scenario that unfolds, Spot ETFs are destined to be a game-changer for the crypto landscape. Increased institutional involvement, improved access, and potential regulatory legitimacy will undoubtedly have a profound impact on valuations, shaping the trajectory of this emerging asset class in 2024 and beyond.

As investors navigate this new frontier, it’s crucial to stay informed, manage risks responsibly, and remain adaptable to the ever-evolving nature of the cryptoverse. The crystal ball may be blurry, but the potential of Spot ETFs shines brightly, illuminating a future where mainstream adoption and institutional acceptance could propel cryptocurrencies into the heart of the global financial system.

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FedEx Experience and Risk Outlook Warning To Business Leaders Around World

How do you feel about this red flag and what will your business do about it?

FedEx: Canary in the Global Coal Mine – Why the Delivery Giant’s Woes Should Alarm Business Leaders

Keith Lewis 20th December 2023

On December 19th, 2023, FedEx, the global logistics leviathan, delivered a bombshell. Their preliminary earnings report painted a grim picture, missing analyst expectations and prompting an ominous pronouncement from CEO Raj Subramaniam: “We see a global recession coming.” With FedEx serving as a crucial artery for international trade, its tremors sent shockwaves through the business world, sparking concerns about the trajectory of the global economy. For business leaders, the message is clear: pay heed, for FedEx’s woes are a stark canary in the coal mine, signalling potential turbulence ahead.

FedEx: A bellwether in a storm

FedEx occupies a unique position in the economic ecosystem. Its vast network, spanning over 220 countries and territories, transports 4.7 billion parcels annually, serving as a barometer of global trade activity. When businesses and consumers are flourishing, so does FedEx. Conversely, when economic headwinds blow, the first chill is often felt within its corridors. This symbiotic relationship is precisely why FedEx is considered a bellwether – an early indicator of economic health.

A Perfect Storm of Gloom:

The reasons behind FedEx’s current predicament are multi-faceted, forming a perfect storm of economic anxieties.

Global Economic Slowdown: The world is experiencing a synchronised slowdown, with major economies like the US, Europe, and China grappling with inflation, rising interest rates, and geopolitical tensions. This dampens consumer spending and business investment, directly impacting the volume of goods shipped and,consequently, FedEx’s bottom line.
E-commerce Plateau: The explosive growth of e-commerce, a major driver of package volume for FedEx, appears to be reaching a plateau. Consumers are tightening their belts, opting for essential purchases over online splurges. This shift weakens the e-commerce engine that had been propelling FedEx in recent years.
Operational Misfires: Beyond external factors, FedEx has faced internal challenges. Labour shortages, network disruptions, and integration hiccups within its TNT acquisition have hampered efficiency and added to costs. These internal missteps exacerbate the impact of external headwinds.

The Ripple Effect:

The tremours of FedEx’s struggles extend far beyond the company itself. As a bellwether, its woes signal potential trouble for various stakeholders:

Businesses: A global recession would translate to reduced demand, disrupted supply chains, and tighter credit conditions. This can lead to lower profits, stalled investments, and layoffs, impacting businesses of all sizes across industries.
Investors: The stock market’s reaction to FedEx’s report is indicative of broader anxieties. A sustained economic downturn could trigger further market volatility, eroding investor confidence and hindering capital flows.
Consumers: A recession typically results in job losses, wage stagnation,and reduced disposable income. This translates to less spending and increased economic anxiety for consumers, further dampening economic activity.

A Call to Action for Business Leaders:

FedEx’s struggles serve as a stark warning for business leaders across the globe. It is not a time for complacency, but for prudent preparation and proactive adaptation. Here are some key actions to consider:

Scenario Planning: Develop contingency plans for various economic scenarios, including a potential recession. This way, businesses can adjust strategies, optimise cost structures, and weather potential storms.
Focus on Efficiency: Identify and eliminate operational inefficiencies. Streamline processes, optimise supply chains, and leverage technology to reduce costs and improve resilience.
Prioritise Agility: Embrace a culture of flexibility and adaptability. Be ready to pivot strategies, adjust product offerings, and shift focus to meet changing market conditions.
Invest in Innovation: Seek innovative solutions to enhance customer experience, improve product offerings, and gain a competitive edge in a challenging market.
Foster Collaboration: Build strong relationships with partners, suppliers, and customers. Open communication and collaboration can help navigate tough times and identify shared solutions.

In conclusion, FedEx’s current woes are not an isolated phenomenon. They are a reflection of broader economic anxieties that should serve as a wake-up call for business leaders worldwide. By acknowledging the headwinds, preparing for potential turbulence, and implementing proactive strategies, businesses can navigate the uncertain waters ahead and emerge stronger on the other side. The time for action is now, and the canary’s song should not be ignored. By taking heed and adapting, businesses can not only weather the storm brewing on the horizon but also emerge into calmer waters, ready to thrive in the post-recessionary landscape.

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Don’t Get Too Excited About Falling Inflation Rates!

Once again central banks in USA, EU and UK have been too slow to react and when they do they’ll be too late and overreact perpetuating our economic boom bust cycle

The Looming Storm: Declining Inflation, Rising Recession Risk in 2024

While headlines tout slowing inflation in the US, EU, and UK, a shadow lurks beneath the surface. Contrary to popular belief, this seemingly positive development may in fact be a harbinger of imminent recession in 2024. Understanding why requires peeling back the layers of economic realities and acknowledging the nuanced interplay between inflation, monetary policy, and economic behaviour.

From Scorching to Smoldering: The Inflation Slowdown Narrative

Over the past year, inflationary flames have licked across global economies, driven by pandemic-induced supply chain disruptions, soaring energy prices, and fiscal stimulus packages. Central banks, armed with the blunt instrument of interest rate hikes, sought to tamp down the heat. And indeed, recent data reflects a cooling trend. US inflation has dipped from a peak of 9.1% in June 2023, with similar softening observed in the EU and UK.

This downward trajectory has fueled a wave of optimism. Policymakers and pundits alike herald the successful execution of monetary tightening, envisioning a soft landing for the global economy. Some even predict inflation returning to target levels within the year.

Beneath the Surface: The Cracks in the Facade

However, this rosy outlook rests on shaky ground. The disinflationary trend, while seemingly positive, can also be a potent predictor of impending recession. Let’s explore the three key reasons why:

1. Demand Destruction, Not Harmony: Declining inflation is often achieved through demand destruction. Rising interest rates make borrowing more expensive, impacting both businesses and consumers. Business investment slows, hiring freezes become commonplace, and consumer spending weakens as disposable income shrinks. This domino effect ultimately saps economic activity, paving the way for recession.

2. The Lag Effect’s Looming Bite: Monetary policy operates with a time lag. Today’s interest rate hikes primarily impact economic activity months down the line. This means the full force of recent tightening may not be felt until 2024, potentially triggering a sudden and sharp economic downturn just as policymakers believe they’ve tamed the inflation beast.

3. Stagflationary Spectre : The disinflationary process carries the risk of morphing into stagflation, a nightmare scenario characterised by stagnant economic growth and persistent, albeit lower, inflation. This arises when businesses, burdened by higher input costs, maintain price hikes even as demand weakens. Such a scenario would severely constrain central banks’ ability to respond, trapping the economy in a quagmire.

A Perfect Storm Brewing in 2024:

Considering these factors, 2024 appears primed for a perfect economic storm. The lagged effects of aggressive interest rate hikes are likely to coincide with continued geopolitical uncertainties, energy price volatility, and ongoing supply chain disruptions. This potent cocktail could push vulnerable economies over the edge, plunging them into recession despite disinflationary trends.

Evidence Mounts, The Case Strengthens:

Empirical evidence further substantiates this gloomy outlook. Leading economic indicators, such as the Purchasing Managers’ Index (PMI) and consumer confidence surveys, are already flashing red. Business investment has plateaued, and layoffs are increasing across various sectors. Additionally, inverted yield curves, historically reliable recession predictors, have emerged in all three economies, signaling heightened investor anxiety about future economic prospects.

A Call to Action: Navigating the Coming Storm

The potential for a 2024 recession demands immediate and proactive action. Policymakers must adopt a nuanced approach, acknowledging the dual threat of inflation and recession. Continued, albeit calibrated, interest rate hikes may still be necessary to tame inflation, but fiscal measures aimed at supporting vulnerable populations and stimulating aggregate demand become crucial (boom to bust ie bailing out financial system again. Open communication with the public, emphasising transparent risk assessment and contingency plans, is also essential to maintain confidence and mitigate potential financial panic.

Individuals and businesses, too, must brace themselves for turbulent times. Building robust financial buffers, diversifying investments, and exercising prudence in spending decisions are key to weathering the storm.

Conclusion: The Coming Recession – Not a Certainty, But a Clear and Present Danger

While declining inflation may initially appear as a victory, it can mask a deeper malaise. In the context of current economic vulnerabilities and aggressive monetary tightening, the disinflationary trend in the US, EU, and UK presents a significant risk of recession in 2024. Ignoring this risk would be akin to celebrating a pyre’s dimming flames while neglecting the smoldering embers beneath. By acknowledging the impending danger and taking decisive action, policymakers and individuals alike can navigate the coming storm and emerge stronger on the other side.

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Key Threat To USA Regional Banks and Wider Financial System Globally

Bricks and mortar last a long time but the work from home solution is a lasting problem for commercial property owners and the wider financial system stability

A Ticking Time Bomb: Risks of Renewing Commercial Property Loans in 2024

The American financial system stands on the precipice of a potential tremor in 2024. Not from earthquakes or stock market crashes, but from the quiet ticking of a time bomb: a vast swathe of commercial property loans approaching their renewal date. Over $1.5 trillion worth of these loans will mature next year, and the uncertain economic climate has cast a long shadow over their renegotiation, potentially triggering a series of cascading risks for the financial system.

A Perfect Storm of Uncertainties:

Several factors converge to create this precarious situation:

Shifting Market Dynamics: The pandemic’s impact on commercial real estate lingers. Office vacancy rates remain high, retail struggles to adapt to online shopping, and hospitality faces a new normal. These challenges erode property values, impacting the collateral backing these loans.
Rising Interest Rates: The Federal Reserve’s ongoing fight against inflation has driven interest rates upward. This significantly affects borrower affordability, putting pressure on them to repay or renegotiate at significantly higher interest rates, potentially pushing some into default.
Geopolitical Turbulence: The war in Ukraine and global supply chain disruptions add further pressure to the economic landscape. Higher energy costs and material shortages impact construction and operation costs,affecting tenants and ultimately, loan viability.
Regulatory Environment: Evolving regulatory guidelines around climate change and building standards could necessitate costly retrofits for older buildings, adding another layer of financial strain on borrowers and lenders alike.

The Cascade of Potential Risks:

If a significant portion of these loans experience distress or default, the consequences could ripple through the financial system:

Bank Stability: Banks heavily invested in commercial real estate loans could face significant losses, impacting their capital adequacy and lending capacity. This could lead to tighter credit conditions for businesses and individuals alike, hampering economic growth.
Investor Confidence: Weakening commercial real estate values could trigger a chain reaction, impacting other asset classes like real estate investment trusts (REITs) and mortgage-backed securities. This could lead to capital flight and market volatility.
Domino Effect: Defaults and distress in the commercial real estate market could have ripple effects on other sectors, particularly construction, hospitality, and retail, potentially leading to job losses and a broader economic slowdown.

385 American banks, most of them smaller, regional ones facing bankruptcy in 2024 due to bad commercial real estate loans up for renewal, according to a new report by the National Bureau of Economic Research (NBER). Lower property values, increased interest rates, and declining office demand could lead more firms to default on their loans and fear of banking collapse will cause people to withdraw deposited money accelerating bank bankruptcies in USA.

Mitigating the Risks: Navigating the Labyrinth:

Avoiding these worst-case scenarios requires proactive measures from various stakeholders:

Loan Modifications: Lenders and borrowers need to work collaboratively to restructure existing loans, potentially extending terms or adjusting interest rates to reflect current market realities. Open communication and flexible solutions are crucial.
Government Intervention: Policymakers could consider targeted interventions like tax breaks or loan guarantee programs to incentivise investment and stabilise the sector. Measures to address affordability concerns in housing markets could also indirectly support commercial real estate by boosting tenant demand.
Industry Adaptation: The commercial real estate industry itself needs to embrace innovation and adaptability. Exploring alternative uses for struggling properties, embracing hybrid work models in office spaces, and fostering sustainable energy solutions can enhance viability and attract new tenants.
Diversification Strategies: Lenders need to diversify their loan portfolios to minimize exposure to any single sector. This could involve increasing their focus on sectors less vulnerable to economic downturns, like healthcare or infrastructure.

A Call for Vigilance and Collaboration:

The year 2024 looms large as a potential flashpoint for the American financial system. The fate of these maturing commercial property loans hangs in the balance, with their renegotiation holding the key to stability or potential turmoil. Vigilance, open communication, and proactive measures from lenders, borrowers, policymakers, and the industry as a whole are crucial to navigate this challenge and mitigate the risks. Ignoring the ticking time bomb will only amplify its potential explosion. By understanding the complexities of the situation and working together, we can chart a course towards a smooth renegotiation and a resilient financial future for America and beyond.

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Pros and Cons Of Economic Migration into UK and USA

Trying to take wokeness out of key business risk management threats and opportunities

Can Economic Migrants Be the Recessionary Storm’s Lifeline? A 2024 Outlook for UK and USA

As storm clouds gather on the economic horizon, recessionary whispers turn into anxious roars in both the UK and the USA. In this tumultuous climate, a fascinating question emerges: Could economic migrants potentially act as a life raft, mitigating the damage of a potential recession in 2024?

As an expert economic analyst ( Keith Lewis ), I delve into this intricate issue, dissecting the potential role of economic migration in weathering the coming economic storm in these two major economies.

Buoying the Economy in Rough Seas:

Several arguments propose that economic migrants can serve as a buffer against recessionary forces:

Labour force resilience: With skilled and willing newcomers filling critical labour gaps, particularly in sectors facing shortages, economic migrants can bolster productivity and output. This can stabilise the economy and counteract downward trends, as evidenced by the contribution of migrant workers to sectors like UK healthcare and US agriculture.
Demand lifeline: By injecting fresh purchasing power into the economy, migrants can stimulate businesses and create jobs. This can boost aggregate demand, a crucial driver of economic recovery, as research by the OECD suggests with increased migration boosting GDP growth in several European countries.
Innovation anchor: Migrants often bring a wealth of entrepreneurial spirit and skills, driving business creation and innovation. This can foster economic growth and generate employment opportunities, potentially alleviating recessionary pressures, as demonstrated by the significant role of immigrants in US startup ecosystems.
Fiscal stability: As migrant workers contribute through income taxes and payroll deductions, they can bolster government revenue streams. This can provide crucial budgetary resources for social programs and infrastructure investments, helping governments navigate and mitigate the impact of a recession, as analyses in the UK suggest regarding the positive fiscal contribution of immigration.

However, navigating these turbulent waters necessitates caution:

Wage suppression: An influx of migrant workers can put downward pressure on wages,particularly for low-skilled jobs.This can dampen consumer spending and exacerbate inequalities, hindering overall economic growth, as studies in the US have shown in specific sectors.
Social tensions: Large-scale migration can strain social services and resources, potentially leading to public anxieties and fueling xenophobia.This can make it politically challenging to maintain open borders, even with potential economic benefits, as witnessed in the current political climates of both the UK and the USA.
Integration hurdles: Successful integration of migrants into the workforce and society is crucial for maximising their economic contribution. Language barriers, cultural differences, and lack of recognition of foreign qualifications can hinder integration, limiting the positive economic impact of migration. Robust policies promoting skill recognition and language training are essential to overcome these hurdles.

Navigating the Choppy Waters of 2024:

Assessing the evidence requires acknowledging the complexities of this issue. Studies on the direct link between economic migration and recessionary tendencies remain inconclusive, with varying results depending on factors like the skillsets of migrants, existing labour market conditions, and government policies. A tailored approach, considering specific national contexts, is crucial.

Charting the Course in 2024 and Beyond:

To leverage the potential benefits of economic migration while mitigating potential drawbacks in 2024 and beyond, both the UK and the USA can consider the following:

Skill-based migration strategies: Prioritising the entry of migrants with skills in high demand to address labour shortages and boost productivity, ensuring a win-win for both businesses and the economy.
Effective integration programs: Investing in language training, skills recognition, and cultural orientation programs can facilitate smooth integration, maximising the positive economic contribution of migrants and fostering social cohesion.
Robust social safety nets: Ensuring adequate social services and resources for both native and migrant populations can mitigate potential tensions and prevent economic hardship during a recession.
Data-driven policymaking: Continuously monitoring and analysing the impacts of migration policies on both the economy and social fabric is crucial for evidence-based policy adjustments and ensuring responsible management of migration in the face of economic challenges.

Conclusion:

While economic migrants cannot entirely prevent a recession, they can potentially play a crucial role in minimising its impact and expediting economic recovery. However, it is essential to acknowledge the complexities and potential challenges associated with migration. Openness to talent, coupled with responsible management, integration efforts, and data-driven policymaking, can harness the potential of economic migration to navigate the choppy waters of 2024 and build resilient economies for the future. Remember, weathering economic storms requires a balanced approach, embracing the potential of diverse resources while ensuring responsible and inclusive practices.

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Greatest Geopolitical Risks 2024

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The Looming Shadow: Navigating the Labyrinth of Geopolitical Risks in 2024

The world in 2023 stands at a crossroads. As the shadow of a global pandemic recedes, new anxieties grip the international landscape. Tensions simmer in familiar hotspots, while emerging threats whisper on the horizon. In this labyrinth of uncertainties, one question burns bright: what will be the greatest geopolitical risk in 2024?

Predicting the future is a fool’s errand, but anticipating and preparing for potential storms is the essence of responsible leadership. While pinpointing a singular “greatest” risk might be an oversimplification, we can examine four contenders each capable of casting a long, disruptive shadow in 2024:

1. The Dragon and the Tiger: Escalating Tensions in the Taiwan Strait:

The Taiwan Strait, a narrow waterway separating mainland China and the self-governing island of Taiwan, has long been a tinderbox of geopolitical tension. China, viewing Taiwan as a breakaway province, refuses to renounce the use of force in achieving reunification. Taiwan, on the other hand, maintains robust democratic institutions and enjoys strong international support, particularly from the United States.

In 2024, several factors could elevate the risk of confrontation in the Taiwan Strait:

Increased Chinese military assertiveness: Beijing’s recent actions, like frequent incursions into Taiwanese airspace and military drills simulating island invasion, signal a growing determination to assert its dominance.
Taiwan’s presidential elections: Scheduled for January 2024, the elections could see the victory of a pro-independence candidate, further inflaming Chinese grievances.
Miscalculations and accidents: Unforeseen incidents, either military mishaps or deliberate provocations, could spiral into an unintended conflict with devastating consequences.

The potential ramifications of a Taiwan Strait conflict are immense. A full-scale war could trigger a massive humanitarian crisis, disrupt global supply chains, and plunge the world into a new era of Cold War-esque tensions.

2. The Ukrainian Quagmire: War’s Long Shadow and Spillover Risks:

The ongoing war in Ukraine continues to cast a long, dark shadow over Europe and the global order. Even if a resolution were reached in 2024, the war’s legacy will extend far beyond the battlefield. Here are some potential avenues for risk:

Protracted conflict and instability: Even a ceasefire wouldn’t guarantee lasting peace. A simmering conflict in Ukraine could destabilise the region, create a humanitarian crisis, and strain international relations.
Spillover effects into neighbouring countries: The war could trigger unrest or refugee crises in bordering nations like Moldova, Belarus, and the Baltic states.
Weapons proliferation and escalation: The possibility of Russia or Ukraine resorting to unconventional weapons or dragging other powers into the conflict cannot be entirely discounted.

The war in Ukraine has already disrupted the global food and energy markets, impacting economies worldwide. A further escalation could exacerbate these vulnerabilities, leading to economic hardship and political instability in vulnerable regions.

3. Iran’s Nuclear Tightrope: Unveiling the Bomb or Stepping Back from the Brink?

Iran’s nuclear programme remains a contentious issue, raising concerns about its potential for weapons development and regional instability. In 2024, the trajectory of Iran’s nuclear ambitions could significantly impact the geopolitical landscape:

Collapse of the JCPOA: The 2015 Joint Comprehensive Plan of Action, which aimed to curb Iran’s nuclear programme in exchange for sanctions relief, currently hangs by a thread. Its collapse could pave the way for Iran to accelerate its nuclear activities,raising the specter of a military strike from Israel or the United States.
Internal political dynamics: The political climate in Iran could influence its approach to the nuclear issue. Hardliners gaining ascendancy could increase the risk of confrontation, while moderates gaining ground could offer an opportunity for renewed diplomacy.
Regional proxy conflicts: Iran’s support for Shia militias across the Middle East could exacerbate existing tensions and potentially trigger wider regional conflicts.

A nuclear-armed Iran could reshape the Middle East power dynamics, posing a significant threat to Israel and its allies. It could also trigger a nuclear arms race in the region, further destabilising an already volatile part of the world.

4. Climate Change and the Looming Resource Wars:

While traditionally considered a non-traditional security threat, climate change is increasingly recognised as a potential driver of geopolitical instability. In 2024, its impact could become more pronounced through:

Resource scarcity and competition: Water scarcity, food insecurity, and energy shortages driven by climate change could exacerbate existing resource competition, potentially leading to conflicts over crucial resources.
Mass migration and displacement: Climate-induced migration could strain social and political systems in receiving countries, potentially triggering unrest and xenophobia.

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Supply Chain Risk Management 2024

How will you manage your supply chain risks in 2024?

Top 10 Supply Chain Management Trends on the Horizon in 2024

As the world continues to grapple with disruptions caused by the COVID-19 pandemic, geopolitical tensions, and climate change, supply chain management is undergoing a period of rapid transformation. Organisations are embracing digitalisation, automation, and emerging technologies to enhance their supply chains and build resilience in the face of uncertainty.

In this article, we will explore the top 10 supply chain management trends that are expected to shape the industry in 2024 and beyond. These trends encompass technological advancements, strategic approaches, and evolving consumer demands that will redefine the way supply chains operate.

1. Digital Supply Chain As the Backbone of Resilience

The digital supply chain has emerged as the overarching trend driving supply chain transformation. It encompasses the integration of digital technologies, such as cloud computing, artificial intelligence (AI), and big data analytics, to streamline operations, enhance visibility, and optimise decision-making.

Organisations are moving away from traditional paper-based processes and siloed systems towards a connected and data-driven supply chain ecosystem. This digital transformation is enabling businesses to gain real-time insights into their operations, predict disruptions, and respond proactively to changing market conditions.

2. Big Data and Analytics Driving Insights-Driven Decisions

Big data and analytics are playing a crucial role in extracting valuable insights from the vast amounts of data generated across the supply chain. Organisations are leveraging data analytics to identify patterns, optimise inventory management, improve demand forecasting, and enhance customer service.

Advanced analytics techniques, such as machine learning and predictive modeling, are enabling businesses to anticipate disruptions, simulate scenarios, and make informed decisions that optimise supply chain performance.

3. Artificial Intelligence Revolutionising Supply Chain Operations

Artificial intelligence (AI) is transforming supply chain operations by automating tasks, enhancing decision-making, and enabling predictive insights. AI applications are being used to automate repetitive tasks, such as data entry and order processing, freeing up human workers to focus on more strategic initiatives.

AI is also being used to optimise warehouse operations, manage transportation routes, and personalise customer experiences. AI-powered forecasting models are improving demand prediction accuracy, reducing inventory costs, and ensuring product availability.

4. Supply Chain Investments: Balancing Systems and Talent

Investment in supply chain systems and talent is essential for building a resilient and adaptable supply chain. Organisations are investing in modern supply chain management software, cloud-based platforms, and data analytics tools to enhance their technological capabilities.

Alongside these technological investments, organisations are also prioritising the development of their supply chain workforce. This includes providing training on digital technologies, fostering a culture of data-driven decision-making, and attracting and retaining top talent.

5. End-to-End Visibility, Traceability, and Location Intelligence

End-to-end visibility, traceability, and location intelligence are becoming increasingly important for supply chain transparency and risk management. Organisations are implementing technologies such as RFID tags, sensors, and IoT devices to track goods throughout the supply chain, from origin to delivery.

This real-time visibility enables businesses to monitor product quality, identify potential disruptions, and proactively address issues. It also enhances customer satisfaction by providing real-time tracking information and delivery updates.

6. Disruption and Risk Management: Embracing Agility and Resilience

Supply chains are facing an increasing number of disruptions, from natural disasters and geopolitical conflicts to technological advancements and changing consumer demands. Organisations are shifting their focus from traditional disaster recovery plans to proactive risk management strategies.

Building a resilient supply chain involves identifying potential risks, assessing their impact, and implementing mitigation strategies. It also requires the ability to adapt quickly to changing circumstances and respond to disruptions in a timely and effective manner.

7. Agility and Resilience: Adapting to Changing Demands

Consumer expectations are constantly evolving, and organisations must adapt their supply chains to meet these demands. Customers are demanding faster delivery times, more personalised products, and greater transparency.

Supply chains need to be agile enough to respond to these changing demands, quickly introduce new products, and personalise customer experiences. This requires a flexible and adaptable supply chain infrastructure that can accommodate rapid changes.

8. Cybersecurity: Protecting Critical Supply Chain Assets

Supply chains are increasingly becoming targets for cyberattacks, as they represent a critical component of global commerce. Organisations are prioritising cybersecurity measures to protect their supply chain assets and prevent disruptions caused by cyberattacks.

Cybersecurity strategies include implementing robust access controls, educating employees on cybersecurity risks, and regularly monitoring supply chain systems for potential threats.

9. Green and Circular Supply Chains: A Sustainable Future

Sustainability is becoming an increasingly important factor in supply chain management. Organisations are adopting green and circular supply chain practices to reduce their environmental impact and contribute to a more sustainable future.

Green supply chains are focusing on resource efficiency.

10. Supply Chain as a Service (SCaaS): A Strategic Lever for Flexibility

Supply Chain as a Service (SCaaS) is emerging as a strategic lever for organisations seeking flexibility and efficiency in their supply chain operations. SCAaS involves outsourcing non-core supply chain functions to specialised providers, allowing organisations to focus on their core competencies.

SCaaS providers offer a range of services, including logistics, transportation, warehousing, and inventory management. This allows organisations to access expertise and resources without the burden of managing these functions in-house.

Conclusion

The supply chain landscape is undergoing a period of rapid transformation driven by technological advancements, evolving consumer demands, and the need for resilience. Organisations that embrace digitalisation, automation, and emerging technologies will be well-positioned to navigate the challenges and opportunities of the future.

The top 10 supply chain management trends on the horizon in 2024 highlight the critical role of technology, data, and strategic partnerships in building resilient and adaptable supply chains. By embracing these trends, organisations can optimise their operations, enhance customer satisfaction, and achieve sustainable growth.

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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:

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.
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.
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.
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.
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.

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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?

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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

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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?

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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.

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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.

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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.

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
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
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
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.

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How to effectively manage risk

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

Identify the key risks to your business objectives
Analyse the risks
Evaluate the risks
Treat the key risks in the right priority
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.

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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

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.

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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

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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.

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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.

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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.

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.

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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

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.

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Problem Of Scarcity

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The fastest growing businesses are those with an affordable sustainable digital marketing strategy. We offer you digital marketing service to help you grow your business faster for longer. Our digital marketing experts and influencers will help you reach more new customers loop more affordably. How far can your business go in your preferred marketplaces with our help and digital marketing tools and techniques.

We need to understand who you are trying to reach, where and when. What you need in terms of online marketing, our digital market experts will deliver for you, so you can get on with delivering your products and services.

Ready for more customers?

If you are not selling your stock fast enough or you have spare service capacity reducing your earning power, BusinessRiskTV can help you reach people right when they’re interested in the products or services you offer. You’ll be seen not just in Search results, but across the web, from apps to YouTube, TikTok, Instagram, LinkedIn, Twitter, GETTR, Pinterest and more.

You choose the type of ad you want to show within your marketing budget and then measure the impact of your advertising and marketing with us. If it is working well, continue marketing within your budget for faster long-term growth in partnership with us.

Once we understand who you are targeting we’ll focus your marketing budget in the best place to grow your customer base.

Here’s something to help you get started

We’ll five you a free day’s marketing spend for every day you pay for to give your business a boost at the beginning of our working relationship.

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At your Digital Marketing Expert consultation quote code #No1MarketingExpert

Need extra marketing strategy help? Get started with 1:1 consultation with your own Digital Marketing Expert. Speak to a Digital Marketing Expert for your country or industry now.

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Advertise like a pro with Pro Risk Manager Digital Marketing Expert service

On your free call, we’ll help set your business up for long-term success by covering how to:

Get discovered online with tips tailored depending on your country and industry
Advertise like a pro by setting up your first in the best place for your business growth with guidance from our digital marketing experts.
Grow your online presence with not just our website, but with our wide popular social media presence.

Learn more with 1:1 digital marketing expert consultaTion

What is a digital marketing expert?

A digital marketer is responsible for helping maintain and grow a brand or business by working on marketing campaigns. Their duties include performing market research, strategising with other marketing professionals and creating content to aid in the success of marketing campaigns. Our innovative content creation will help you market your products or services in a targeted marketing campaign to grow your business more profitably for longer.

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Connect online to solve your business problems quicker and cheaper

Join the right community for your country or industry. We know that running a business can be lonely. Sometimes having someone to bounce off can be helpful. Get advice and debate business risk management solutions. Gain risk insight and build business intelligence to inform your decision-making. Feed of the experiences of:

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Find the right business forum for your business needs. Engage with our online discussions. Ask for advice on your business problem.

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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.

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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

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.

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

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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.

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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

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.

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How to value a business with BusinessRiskTV

Business Development Sales Growth with BusinessRiskTV

Expand your business with less uncertainty and more longevity with BusinessRiskTV

Your business development plan and business development strategy needs assessing monitoring and review to produce long-lasting reward for business leaders

Learn to enjoy and fully embrace business development process and the your business development goals will come. Focusing on sales increase may be your problem even if sales are increasing. Sustainable sales growth will come from the right business development process not sales increases. A whole host of reasons can be found to explain why your sales are increasing and not all of them can be sustained for long-term business expansion.

Business risks are changing faster and therefore business risk management needs to change faster to still protect a business.

Join local and global business experts to find out how to develop your business faster with businessrisktv

More: Grow faster with a new business development plan and business development strategy.

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More: Keep up to date with enterprise risk management news opinions and risk reviews to inform your own key business decision-making process with better business intelligence and risk knowledge.

Business Experts Forum and The Marketplace To Help Business Leaders Manage Business Risks Better

How to reduce uncertainty in business with BusinessRiskTV

Learn from the best with help from BusinessRiskTV

Our Business Experts Hub is a home for business experts with knowledge of most country and industry risks. They want to help you manage your key risks better to build your business resilience and help you grow your business faster.

Rethinking and Re-purposing Your Business During Uncertainty

Business Experts Hub: Want a product to protect and grow your business faster? Need a service to help you manage your corporate or enterprise risks better? Looking to match with one of tens of thousands of business experts with skills and experience to overcome your business problems?

How can a business development process be improved?

Involve and engage all parts of your business in the process of surviving revenue losses and boosting new sales organically:

Develop a new strategy to reach more new customers to sell more profitably.
Seize new business opportunities to expand your business.
Promote sales growth and increase your profit.
Develop new strategic partnerships for mutual business growth.

Pick up practical business development tips or sign up for business development training on BusinessRiskTV.

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

Pick the best online marketplace to showcase your business products or services with BusinessRiskTV help.

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Connect with entrepreneurs business leaders business owners and risk management experts to find out how to solve your business problems quicker and cheaper.

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Growth Strategy with BusinessRiskTV

Developing a growth strategy is an important task for any business looking to achieve success and expand its operations. A well-crafted growth strategy can help you identify new opportunities, target new markets, and increase your revenue streams. However, developing an effective growth strategy is not always an easy task. It requires careful planning, a deep understanding of your market, and a willingness to take calculated risks.

BusinessRiskTV is a platform that helps businesses develop growth strategies by providing them with access to a network of business experts, tools, and resources. In this article, we’ll take a closer look at how BusinessRiskTV can help you develop a growth strategy that works for your business.

What is a Growth Strategy?

A growth strategy is a plan of action that businesses develop to achieve growth and success in their respective markets. It involves identifying new opportunities, targeting new markets, and developing new products or services. A growth strategy can also include mergers and acquisitions, partnerships, and other strategic alliances.

There are several types of growth strategies that businesses can pursue, including:

Market Penetration: This strategy involves selling more of your existing products or services to your current customers or increasing your market share in your existing market.

Product Development: This strategy involves developing new products or services to sell to your existing customers or expanding your product line to attract new customers.

Market Development: This strategy involves selling your existing products or services in new markets or expanding your business into new geographic regions.

Diversification: This strategy involves diversifying your business into new markets or industries that are unrelated to your existing business.

Why is a Growth Strategy Important?

A growth strategy is important because it helps businesses achieve their long-term goals and objectives. It allows businesses to stay competitive in their respective markets and adapt to changing market conditions. A growth strategy can also help businesses increase their revenue, profits, and market share.

However, developing an effective growth strategy is not always easy. It requires careful planning, market research, and a deep understanding of your business and your market. This is where BusinessRiskTV can help.

How BusinessRiskTV Can Help You Develop a Growth Strategy

BusinessRiskTV is a platform that provides businesses with access to a network of business experts, tools, and resources. The platform can help you develop a growth strategy that works for your business by providing you with the following:

Business Experts: BusinessRiskTV provides businesses with access to a network of business experts who can help you develop a growth strategy that works for your business. These experts have years of experience in their respective fields and can provide you with valuable insights and advice.

Tools and Resources: BusinessRiskTV provides businesses with access to a range of tools and resources that can help you develop a growth strategy. These tools include market research reports, industry analysis, and financial modeling tools.

Networking Opportunities: BusinessRiskTV provides businesses with networking opportunities that can help you connect with other businesses in your industry. These connections can lead to new partnerships, collaborations, and business opportunities.

Training and Education: BusinessRiskTV provides businesses with access to training and education programs that can help you develop the skills and knowledge you need to succeed in your industry.

Developing a Growth Strategy with BusinessRiskTV

Here are some steps you can take to develop a growth strategy with BusinessRiskTV:

Define Your Goals: The first step in developing a growth strategy is to define your goals. What do you want to achieve with your business? Do you want to increase your revenue? Expand your operations? Enter new markets? Once you have defined your goals, you can start to develop a plan of action.

Conduct Market Research: The next step in developing a growth strategy is to conduct market research. This involves analysing your market and your competition to identify new opportunities and potential challenges. BusinessRiskTV can provide you with market research reports, industry analysis, and other resources to help you better understand your market.

Identify Your Competitive Advantage: To develop a successful growth strategy, you need to identify your competitive advantage. What makes your business unique? What sets you apart from your competition? BusinessRiskTV can help you identify your competitive advantage and develop a plan to leverage it.

Develop a Plan of Action: Once you have defined your goals, conducted market research, and identified your competitive advantage, it’s time to develop a plan of action. This plan should outline the specific steps you will take to achieve your goals, including the resources you will need and the timeline for each step.

Monitor Your Progress: Developing a growth strategy is not a one-time task. It requires ongoing monitoring and evaluation to ensure that you are on track to achieve your goals. BusinessRiskTV can provide you with tools and resources to help you monitor your progress and make adjustments as needed.

Developing a growth strategy is a critical task for any business looking to achieve long-term success. BusinessRiskTV can provide you with the expert advice, tools, and resources you need to develop a growth strategy that works for your business. Whether you are looking to increase your revenue, expand your operations, or enter new markets, BusinessRiskTV can help you achieve your goals and take your business to the next level.

Business Development Sales Growth with BusinessRiskTV

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

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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.

What are the most important questions a business should answer?

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Finding answers to your questions

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

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

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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
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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.

Learn how to deal with choice overload in business

Find ways to grow faster and protect your business better

Contact businessrisktv now to start To make better busineSs choices today

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

Business news articles and livestreaming reports

Alternative business risk management news articles on BusinessRiskTV.com

Latest Business Financial Market and Economic News and Risk Analysis

Risk Management news articles live online. Our risk management experts guides and risk analysis for UK and worldwide. Access the latest business news opinions and reviews for free. Network with top business leaders to increase your risk knowledge and business intelligence.

Read about other peoples experiences and opinions of the past present and future of business in the UK. Find out more about the business risks around the world in English.

Our business reviews look back at the past with a view of learning the lessons for better future. Make better business decisions now to make tomorrow in business better.

Enhanced experience of business reporting and business risk management analysis with BusinessRiskTV

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Promote and market your business on BusinessRiskTV for 12 months

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

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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.

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Why BusinessRiskTV.com is a Valuable Resource for Business Owners

Now that you know how to get business news alerts on BusinessRiskTV.com, let’s take a closer look at why this site is such a valuable resource for business owners.

Comprehensive Coverage of Industries: BusinessRiskTV.com covers a wide range of industries, from finance and technology to healthcare and more. This makes it a valuable resource for business owners in any industry who want to stay informed about the latest news and trends.
Timely and Reliable Information: BusinessRiskTV.com is known for its timely and reliable information. The site has a team of expert reporters who work to deliver breaking news and analysis as it happens, so you can be the first to know about important developments in your industry.
Customizable Alerts: BusinessRiskTV.com offers customizable alerts, so you can choose the types of news and information you want to receive. This ensures that you’re only getting alerts that are relevant to your business and industry.
In-Depth Analysis: In addition to breaking news alerts, BusinessRiskTV.com also offers in-depth analysis and commentary on the latest developments in various industries. This analysis can help you gain a deeper understanding of the trends and issues impacting your business.
Free to Use: BusinessRiskTV.com is a free resource for business owners. There are no fees or subscriptions required to access the site’s news and information, making it an accessible resource for businesses of all sizes.

In today’s fast-paced business environment, staying informed about the latest news and trends in your industry is essential. By getting business news alerts on BusinessRiskTV.com, you can stay up-to-date on breaking news, market trends, and other important developments that could impact your business.

BusinessRiskTV.com offers comprehensive coverage of a wide range of industries, with timely and reliable information delivered through customizable alerts. The site also offers in-depth analysis and commentary to help you gain a deeper understanding of the trends and issues impacting your business.

Best of all, BusinessRiskTV.com is a free resource for business owners. So if you’re looking for a reliable and valuable source of business news and information, be sure to check out BusinessRiskTV.com today.

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Business news articles and livestreaming reports 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.

FEATURED EXAMPLE OF SURVIVING RISK EVENT – PANDEMIC

16th March 2020 Inspiration Healthcare Group Secures Massive Order To Supply Ventilators To NHS

Inspiration Healthcare secures its biggest ever order due to coronavirus pandemic and the coming lack of ventilators to treat the number of people expected to need such specialist equipment.

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

Many businesses are not going to survive the coronavirus pandemic

One disaster in focus is the coronavirus pandemic. Many people do not realise how bad this is going to get. Countries like the UK and USA have yet to experience the full force of the COVID19 pandemic in terms of deaths. Our leaders are being very coy about the expected deaths and economic consequences. Both are going to be catastrophic. Families and economies are going to be decimated.

Guidelines For Covid-19 UK — Guidelines For Covid-19 and Risk Management Controls Updates

However the current pandemic is just one example of how businesses must be prepared to work from major risk events. To come out the other side of a significant risk event takes prior planning luck and hard work. You can control two out of the three and hope that this makes your own luck!

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.

Take the coronavirus. Your business may discover that out of the bad there are better ways of working you did not have time to evaluate. Having been forced to introduce the new ways of working due to virus you may find you need to make permanent changes.

Ways of working introduced to try to survive coronavirus may be ways of working that are more cost effective in non crisis operations. Working from home is not a panacea but it does create many environmental social and economic benefits to workers and businesses.
Competitors how 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. Retailers with online presence are struggling to keep up with orders which may mean those without online ordering and deliver service are going to miss out now and will when coronavirus is more under control.

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
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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 200 financial crisis never mind businesses. In some ways the financial crisis from the coronavirus is overdue. It is a couple of years late!

The point is that 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.

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

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

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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

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.

Join today for free. CLICK HERE and enter code #KnowledgeMarketplace or email editor@businessrisktv.com

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.

CONTACT US FOR MORE INFORMATION ON OUR KNOWLEDGES MARKET

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

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

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

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Cost effective ways to market your business online

How to promote your business online with BusinessRiskTV.com

Discover cheap ways to promote your business. Market your business online with BusinessRiskTV. Take your business to the next level. Explore our marketing tools and resources. Create a cost effective marketing and advertising strategy for your business.

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Ways To Advertise

Achieve your marketing goals.

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Reach key business makers and sell more to them. Connect with more consumers online.

Contribute your opinions in blog posts which impress our readers and drive new enquiries to your business. Your amazing content or copy will help us both grow faster.
Use your videos or ask us to create a marketing video for you to showcase your products or services.
Our popular social media tools can connect you with many key decision makers interested in the solution your business provides to its customers.
Our highly visible online presence regularly gets to the top of search engines and your business can be right there too.
Write advertising advertorials that provide a solution to a business or personal problem and attract new customers.
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Cost effective ways to market your business online with BusinessRiskTV

Ways to drive new customers to your business with BusinessRiskTV

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Can you offer quality products or services for better value for money?

Are you hunting for new customers? Are you already offering discounts and incentives to attract new customers? Presumably you want as many people as possible to know? Spread the word with more cost effective marketing and advertising.

Partner with BusinessRiskTV to get your business noticed more by people interested in what you have to offer. Use quality marketing tools and techniques.

Take advantage of our online trade shows and virtual exhibitions to boost online sales.
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Promote your business online

Put your products or services in front of new customers in places they already view online with BusinessRiskTV.

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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.

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Preparing for a better future

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Global Risk News Opinions and Reviews

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Global Risk Management Solutions on BusinessRiskTV.com

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

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

Enterprise Risk Management

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

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

Business Continuity Management

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

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

Cyber Risk Management

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

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

Compliance and Regulatory Risk Management

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

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

Supply Chain Risk Management

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

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

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

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

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

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

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

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

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

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

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Global Networking: Advantages for Businesses

Unleashing the Power of Global Networking: Advantages for Businesses

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Develop a video plan for your video marketing strategy

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Make your video marketing budget go further.

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Taking more calculated risks

Why calculated risk taking is important with BusinessRiskTV.com

How can a business take more risks to perform better?

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

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

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

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

Risk Appetite and Risk Tolerance

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

Welcome the threats in the 2020s as they bring opportunities

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

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Do you know your business risk profile

Help to complete your own business risk assessment to be better prepared for your future

Understanding your business risk profile is an important step to making better risk based business management decisions. Identify the threats and opportunities your business faces now or will do in future. Assess the risks of this uncertainty to your business objectives. Your resulting business risk profile will help you make better business decisions. Focus your limited business resources on the risks which will bring you greatest reward of business resilience and business growth.

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

Profiling your business risks will help you to stop wasting time and money. You can also use your business risk profile to monitor the impact or lack of impact on your business performance.

Prepare for and manage key business risks your business faces today and tomorrow. Learn from past business risk management events your business experienced or other businesses experienced so you do not have to.

Make sure all your employees know your critical business risks. Create a more effective business risk management framework to allocate responsibilities and accountability for managing business risks.

Your business risk profile should not be a one off exercise. It should not just sit in a file with a to do list ticked. Use your own business risk to mitigate potential threats and maximise business development opportunities. Holistically manage the whole business with the best use of available existing business resources.

Enterprise risk management methodology should be applied to strategic operational and project uncertainties. Inform your decision making process with the whole picture not just part.

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Product Recalls News and Reviews

Product recall experts protecting customers and brands on BusinessRiskTV

Find out more about the latest product recalls. Discover how to protect your business or life. Identify risks and understand how you are exposed.

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Explore risk management problems and solutions. Do you work in risk management, or need more growth with less uncertainty? Are you interested in enterprise-wide business solutions for your business problems, or looking to save money and time on business risk management? Do you want to connect with enterprise risk management experts or other buyers of enterprise risk management services? Subscribe for free to BusinessRiskTV now email editor@businessrisktv.com now or follow us on your favourite social media account now.

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30th April 2020 Another 55000 Washing Machines in UK Homes Should Stop Being Used and Need Repairing or Replacing Owing to a Fire Risk

An extra 21 models have been added to the list of 524000 Hotpoint and Indesit washing machines being recalled. Whirlpool owns the washing machine brands. The product recall programme was ongoing despite coronavirus restrictions. The total number of models affected is 66.

About 20 percent of the Hotpoint and Indesit washing machines sold since 2014 are affected by a safety fault and need to be recalled.
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79 fires are thought to have been caused by an overheating door locking system in the washing machine. The fault develops over time according to Whirlpool.

Advice for washing machine owners

Whirlpool has set up a model checker online or call 0800 316 1442.

Owners of Hotpoint and Indesit washing machines bought since October 2014 will need to enter the model and serial number of their appliance found inside the door or on the back to see if it is one of those affected. Those who have previously checked and been given the all clear may need to check again due to the new models with faults added to fault affected list. Slots for a modification or replacement machine are available straight away.

All owners affected by the recall are entitled to a replacement washing machine or a repair to their existing appliance without charge but there is no offer from the company of a refund. They should stop using it until an engineer has checked it if necessary restrict its use to a cold wash.

4th March 2020 Toyota Motor Corp Recalling 3.2 Million Vehicles Worldwide To Address Fuel Pump Issue That Could Result In Engines Stalling.

Dealers will replace the fuel pumps with new ones.

Owners have complained of rough engine running engine not starting and loss of power while driving at low speeds.

21st November 2019 Fiat Chrysler Recalling 700000 sport utility vehicles SUVs worldwide due to faulty electrical connection could prevent engine starts or contribute to a stall

The automotive product recall covers 2011 to 2013 model year for Dodge Durango and Jeep Grand Cherokee SUVs. Fiat Chrysler are unaware of any injuries or accidents related to the fault and will notify owners at a later date when they will be able to schedule repairs at car dealerships.

Most of the vehicles being recalled are in USA. The rest are spread around the world including but not limited to Canada and Mexico.

20th July 2019 Dangerous Tumble Dryer Product Recall

Whirlpool is launching a full recall of any remaining fire prone tumble dryers. For 4 years now Whirlpool have resisted calls to recall tumble dryers when the fault emerged.

Tumble dryer brands affected include Hotpoint Indesit Creda Swan and Proline bought between April 2004 and September 2015 in UK.
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For more information on what to do if you bought a tumble dryer call 0800 151 0905 or visit CLICK HERE. Check if your tumble dryer is affected. If it is on the product recall list stop using it and unplug it immediately.

Options for tumble dryer owners include:

Obtain a free replacement dryer with no extra charges for collection or disposal of the old machine
Get a free one hour modification of the old machine
Take a discounted upgrade to a higher specification model than the free replacement
Obtain a partial refund of up to 150 pounds with owners of older machines getting less than those with newer ones

If your tumble dryer has already been modified as a safety upgrade you may not be able to take advantage of above options but call the helpline to double check.

#UKfiresafety

20th July 2019 Volvo Product Recall 500000 Worldwide

Volvo car manufacturer has concerns of fire risk. A plastic part of the engine can melt and deform and in extreme cases catch fire.

The product recall affects some cars made in the past five years. Volvo will contact affected customers.

There have been Volvo car fires as a result though no one has been injured.
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Volvo has reported how many fires have occurred as a result of the defect. The product defect affects cars from the models years 2014 to 2019 with four-cylinder diesel engines.

Car owners have been told that vehicles are safe to use if the car is not currently showing signs of a problem including engine warning light coming on lack of power from engine or an unusual smell.

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Risk Management Strategies for Business Leaders:

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