When will coronavirus be over

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Hopefully not all the effects of the coronavirus pandemic will ever be over. The pandemic has given the world a stop clock to look at life in business in other ways. Hopefully a vaccine will be developed to stop people dying but we have been given a once in a century opportunity to change for the better.

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We may actually need more than one vaccine

Covid19 should really morph into something less or more deadly to survive and prosper so wherever we are we are a long way from returning to normal.

Instead of returning to normal and life in business being forever harder it could be easier and better.

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It is looking more likely that our leaders want to get back to business as usual not Business 2.1. This is understandable in terms of the complexity of getting over the worst of the pandemic. However all disasters present opportunities to change to transform into a better version of life in business.

For example around 40 percent of people in UK are still working from home compared to prepandemic rate of around 12 percent. One effect of this is to increase cost of working in short term but could it mean reduced costs of working in long term. Was it really necessary for so many people to commute to an office to work?

If the new normal postpandemic was 20 percent working from home it would mean the rest would commute every day as if it was the school holidays. Imagine how much easier that would be for all workers speed of distribution and the environment.

However that would destroy the value of many office blocks and some investments. Many of the UKs biggest property funds are frozen stopping investors withdrawing funds through fear the funds would collapse. How do you value assets post pandemic if people totally change their way of working.

How will retail recover? Will the High Street ever recover? Most retail experts feel that the world of retail may have changed forever. The virus may have turbo charged what was changing anyway but retailers and property valuations have now changed dramatically if society has changed irreversibly.

Our pension funds are no longer based on assets that are the same value. Will the value recover? It will but it will recover by basing investments in underlying assets fit for the purpose of the future not the past.

We may create a vaccine or vaccines for Covid19 and any morphed versions thereof. However if we are determined the impact of the virus will never be over. In a good way!

Could business leaders:

  1. Continue to offer takeaway services or do deliveries from their restaurants?
  2. Manufacture different products in addition to their core business products?
  3. Maintain and hold on to local suppliers instead of using overseas suppliers in diversification of supply chain lines?
  4. Explore online sales development to be more profitable?
  5. Hold on to cost cutting measures to grow profit?

So much good and bad will flow from the pandemic. It is important not to miss out on the good as well has mitigate the bad. What opportunities and threats are in front of you will depend on your industry and perhaps location.

Now is the time to take the best strategic risk management decisions to come out of the coronavirus pandemic stronger than when you went into it

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Aspiration to live better wherever you live in the world can be fulfilled by solving all our problems together at once not by a piecemeal approach. Good words do not put food on the table or a roof over your head. Sodding your neighbour does not protect you from destroying everything you have built around you.

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We do not need to be in the same country culture or place to work as a team to achieve what we want for ourselves. Getting what you want can help others to get what they want out of the investment of time.

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Book Sales Jump In UK During Coronavirus Pandemic
Book Sales Jump In UK During Coronavirus Pandemic

Publisher Bloomsbury Reports Best Half Year Profits Since 2008

Bloomsbury profits jumped 60 percent from February to August 2020. Online book sales and e-book revenues were both significantly higher.

Retail Experts Review September 2020

Retail Experts Review September 2020

Halfords bike sales jump 59 percent during coronavirus pandemic. Electric bikes and scooters sales rose by 230 percent.

Overall Halfords also benefited from online sales which jumped 160 percent.

Halfords corporate valuation on the financial markets has increased by around 10 percent due to its ability to capitalise on opportunities presented by the occurrence of pandemic.

Apple Smashes Revenue Forecasts Out Of The Park During Coronavirus Pandemic
Apple Smashes Revenue Forecasts Out Of The Park During Coronavirus Pandemic

Apple closed stores across the world as the pandemic imposed lockdown but Apple Inc business performance has been exceptional as people around the world turn top Apple products to help them get through pain of lockdown measures.

Apple Inc products across the board from phones to iPads flew from Apple suppliers to our homes around the world. People working from home to people stuck at home under lockdown measures bought Apple Inc products beyond all expectations. Apple Inc share price has jumped as a result just as America had its worst economic performance in a quarter since Great Depression.

Mercedes Benz and Germany Forecasting Quick Economic Recovery
Mercedes Benz See Rising Demand For Top End Models and Report Increasing 2020 Operating Profit

Mercedes Benz Demand Indicates Automotive Industry Recovering From Cornavirus Pandemic

In addition there are growing signs that German consumer confidence in quick economic recovery from pandemic is on the cards.

22nd July 2020 B&Q online sales jumped more than 200 percent during COVID19 pandemic in Europe. Like for like sales were up by more than 20 percent. B&Q is owned by Kingfisher.

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B&Q has benefited from a DIY boom brought about by Coronavirus lockdown in UK

B&Q News and Risk Analysis Report July 2020

21st July 2020 UK Supermarkets Experienced Their Fastest Growth In Sales Ever During UK Coronavirus Pandemic Lockdown According To Kantar

UK shoppers are now slowly returning to old prepandemic shopping habits. As restaurants and pubs open and consumers grow in confidence supermarkets will lose out on their pandemic sales bonanza.

NASDAQ and Coronavirus
NASDAQ defies and is even supported by the coronavirus COVID19 pandemic

Nasdaq records record high due to stay at home tech and biotech stocks

The imposition of lockdown creates additional income generation opportunities for companies that provide technology to support people stuck at home under lockdown rules. Conversely the lifting of coronavirus lockdown measures or recovery from coronavirus pandemic lowers the valuation of some stay at home tech stocks. Some tech stocks benefit massively from the coronavirus pandemic.

Biotech stocks win cause of their innovation and provision of drugs or treatment related to COVID19.

2nd July 2020 Demand For Thermal Devices Jumps Exponentially As Coronavirus Spreads Exponentially

A FLIR Systems T540 thermal camera being used to screen for temperature. Courtesy of FLIR Systems

Companies like FLIR Systems provide various kinds of devices that read body temperature from near or far. Sales of such devices due to coronavirus has soared.

24th June 2020 Naked Wines Sales Jump More Than 80 Percent Higher Due To Coronavirus Lockdown

People locked out of pubs and restaurants have drunk considerably more at home. Naked Wines is just one of the businesses to benefit financially from coronavirus pandemic lockdown. It was so busy it was forced to stop taking on new customers in March and even temporarily stopped taking new orders.

The chief executive is hoping his new customers will stick with his online wine business when pubs and restaurants open on 4th July.

Naked Wines was set up in 2008 and merged with Majestic Wine Warehouse in 2015. Majestic then rebranded as Naked Wines.

23rd June 2020 Food Retailers And Convenience Stores Have Dramatically Grown Their Revenue and Profit From Coronavirus Pandemic In UK

Those with home delivery options have particularly benefited. Many have increased their capacity to deliver to the home. It will be interesting to see home much home delivery and convenience shopping continues as the UK lockdown eases.

Ocado home delivery business share price has increase by 42 percent in the last 12 weeks during the pandemic crisis

Research firm Kantar

Ocado has benefited from a change of food shopping habits in UK during pandemic. However 19 million more supermarket trips were made in the most recent four weeks of easing lockdown measures compared to stricter measures in May. Will fear of supermarket shopping in person maintain home deliver option? Has the change of shopping habit just been about fear or will people still shop online for food for convenience?

Convenience store sales have increased. From the corner shop family owned business to chains like Iceland shoppers have boosted their sales.

Iceland sales rose by 31.4 percent over the 12 week period of pandemic lockdown meaning that Iceland has now reached its previous all time high UK food market share of 2.5 percent.

Kantar

Most supermarkets in UK upped their revenue during the UK epidemic. This raises the question on whether most food retailers have been indulging in price inflation or are people in UK just eating and drinking more!

Has food outlets and restaurants have been largely closed during the pandemic consumers have had to feed themselves. This should be the reason of increased food retailer sales rather than price inflation. Low UK inflation levels backs this up.

It is likely that from the 4th July more food outlets and restaurants will reopen. This will impact adversely on food retailers. How much is unclear. However the pandemic has been great business for UK food retailers.

21st June 2020 Booking A Holiday Summer 2020 Is To Become Real Option

Whether it is a staycation or a holiday abroad the rapidly changing coronavirus pandemic outlook will allow many to take a holiday this summer.

Spain has announced that from today it will allow UK tourists to visit Spain without having to quarantine on arrival. Coming back from Spain would require you to self isolate at home for 14 days due to UK quarantine rules. However the UK quarantine rules will be reviewed on 29th June and are likely to be eased. Travel corridors are expected to be opened in agreement with some countries that are visited often by British tourists like Spain Portugal Greece France and Italy.

As it stands the UKs advice to citizens is not to travel anywhere abroad unless it is essential travel. A holiday is not regarded as essential travel. Even within some parts of the UK it is recommended to not travel far. Presently the rules as not to stay in holiday accommodation overnight. However this to is likely to be eased from early July. A staycation within the UK is on the cards this summer if you can afford a holiday.

If you own a hospitality related business restaurant pub hotel holiday accommodation tourist attraction etc now is the time to fight for your business. In March this summer looked like an economic wash out. However the UK government and governments around the world are going to open up borders and hospitality economy.

If you want to survive to fight another summer this summer and right now in particular is the time to be innovative expansive and assured.

  • Make sure your business is Covid19 secure and safe within the government the current and future guidelines. 2 metres social distancing in UK will soon become 1 metre. Know what this will mean for your business and be ready to change adapt and seize the benefits of shorter social distancing.
  • Make sure you are promoting and marketing your business to grab whatever summer income is coming.
  • Make sure you do not suck every last drop of new and old custom.

The people and the businesses in hospitality and entertainment this summer should be able to survive any summer. Make sure you are one of the survivors this summer.

12th June 2020 UK Consumers Are Getting Fitter And Sporting Equipment Suppliers and Retailers Have Boosted Their Revenue From Coronavirus Pandemic

Research from Emarsys found consumer spending on sporting equipment nearly doubled this year compared to same time in 2019.

Best selling products have been trainers and sports bras.

26th May 2020 Make Sure Your Business Has V-Shaped Recovery From Pandemic

Some businesses in UK have benefited massively from the coronavirus pandemic. They will tell you they have never been busier. From new home delivery income to increased demand for service they are pandemic economic winners.

If you have not been so fortunate it is still possible to return to the same economic activity your had before the pandemic. It may require more adjustment innovation and creativity but it is possible your business will look back on the pandemic as no more than a blip.

Some businesses will come out of the pandemic even stronger for reasons that include the elimination of industry competitors. Not every business will survive the pandemic. This will mean that the same demand for products and services with fewer suppliers will push up prices and business profits. Make sure your business survives and if possible prospers from the pandemic.

1oth May 2020 How Does The UK Want To Live and Work Post Pandemic

No one wanted the Covid19 pandemic. Now it is here it is likely to stay well into 2021 and perhaps beyond. We have some time to think about what we should not continue with post pandemic.

  • What things did we do in business do we need to change to produce same outputs more efficiently?
  • What things do we need to stop doing and stop producing?
  • What new things do we need to start doing to produce new outcomes?

Every major disaster presents the opportunity to think about creating a better world to live and work in. The pandemic is no exception. Now governments are pumping money into their economies they should think about how to use the money to create more positive change for the future instead of simply creating a life support system for what was not really that great pre pandemic.

8th May 2020 Businesses Selling Seeds See Jump In Demand Due To Coronavirus

Exceptional demand for seeds by people who want to grow their own food has resulted in some seed suppliers having to close their online sales for most of the day as they cannot cope with the number of orders.

7th May 2020 UK Bike Sales and Bike Servicing Services Are Booming In The UK As People In Lockdown Get On New Or Old Bikes

People in the UK looking to boost their fitness have provided a massive opportunity to bike retailers.

6th May 2020 China Can Pull Out Of Nosedive Into Economic Oblivion and So Can The Rest Of The World

Countries like Brazil India and Russia are only just start to feel the pain of the coronavirus pandemic or at least reveal their pain. Others like China have hit the wall but are making it to the end.

There is economic life after the pandemic

Volkswagen reports that sales in China are bouncing back. This is in part due to the virus not because Volkswagen has put virus behind it. People in China are less keen on public transport cause they still fear it. China has the virus spread under control but fear of the virus can be as economically as damaging as the reality of the virus.

The solution for people in China and the opportunity for Volkswagen is that people in China are switching to personal vehicles away from public transport. What this does for the climate will be a problem for later but not much later.

Sales of passenger cars in China rose year on year in last week in April. VWs Chinese budget brand Jetta had picked up market share after the country eased lockdown rules. Jetta in the first month of reopening has been a very very strong month of car sales.

Juergen Stackman VW sales and marketing executive

He thinks Chinese economy will follow the V shape through the pandemic in China. He does not seen V shape recover in Europe. If Europe had acted quicker and locked down harder it might have too. Europe still has the opportunity to at least have W shape recovery with repeated locking and unlocking of pandemic risk management measures. China has chosen a better path.

USA is and is likely to continue suffering most. Its desire to open up will extend the economic and human pain and suffering not reduce it. However they will not discover that for a couple of months yet.

Germany may well see a similar V shaped recovery as it did react quickly and deployed extensive test track and trace pandemic risk management measures. Germans are queuing up to buy VWs ID 3 electric car.

Other Northern European countries in Scandinavia may also return to economic normality quicker.

Selling more cars is actually more about selling more car finance deals

Volkswagen is adapting its financing and leasing offers to make downpayments more accessible. VW financing offers will be stretched to 72 months instead of 36, and Volkswagen will offer unemployment insurance which allows new car buyers to suspend payments if they lose their job.

In other words business leaders may need to repackage the selling of their products and services to entice fearful consumers out of their economic pandemic bunkers rather than wait for the good old times to return post pandemic.

Financing will become the main instrument for the industry in the months to come

Juergen Stackman VW sales and marketing executive

The banking and finance industry actually has a massive opportunity in front of it due to the virus. Dare we say it a form of personal protective insurance that economically covers unemployment could sell like hotcakes and be profitable assuming bankers do not screw up the selling of it this time!

Not only would bankers make billions from selling insurance they can protect their balance sheets from loans not repaid due to unemployment. Plus their customers might thank them for providing quiet nights sleep safe in knowledge their loans will be repaid if they are made unemployed instead of suing banks for mis selling PPI. Even bankers cannot be that mad to repeat PPI scandal. Can they!

23rd April 2020 UK Businesses Opening For Business Include DIY Retailer B&Q and Aston Martin Luxury Car Maker

B&Q is reopening 75 UK stores. They will maintain social distancing by limiting the number of customers in store at any one time. There is slightly mixed message here as you are allowed to buy hardware products to use at home but lockdown guidelines say you cannot buy paint to paint your house! In addition B&Q can sell plants but garden centres are not allowed to open.

Hardware stores were included on UK government list of essential retailers that were allowed to trade under the restrictions.

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Luxury carmaker Aston Martin said it would reopen its St Athan plant on 5th May after it had temporarily suspended all manufacturing operations in the UK at the end of March.

23rd April 2020 House Builders UK Continue To Sell Houses But With Aid Of Virtual House Viewing and Reservation Technology

House builder Taylor Wimpey has continued to sell houses despite lockdown restrictions to prevent the spread of the coronavirus and the closing of its business locations. It has reported a year on year rise in house sales.

Taylor Wimpey has a new viewing and digital reservation process which helped increase its order book. Its sales teams have been selling homes remotely and digitally.

Taylor Wimpey is to resume construction on the majority of sites in England and Wales from the the 4th May.

21st April 2020 Electronic Gadgets Sales Boost From Coronavirus

Bloomberg reports that Nintendo have asked suppliers to boost production of the Switch as global demand surges according to people familiar with the matter.

Playstation will be another product which will have seen sales skyrocket as people trapped at home around the world look to play games with people around the world.

It is highly likely that electronic gadgets will have received sales on a par with Christmas. Whilst most Tech manufacturers also received production interruptions due to coronavirus lockdowns in Asia. It is likely that overall the pandemic will turn out to have been a major boost to sales without needing to develop new product lines. The old products have filled a gap in the lives of many people stuck and bored at home.

In addition many such tech also facilitates access to livestreaming video content with major global content providers including films documentaries and education.

As major economies like China Germany and USA start their effort to return to work such demand may actually dip but the ability to fulfil orders will increase. Although workers are returning to work everywhere in the world will struggle without a vaccine to return to normal. Many people will still want to self distance at home for safety for many months yet. Rejuvenated old tech gadgets will still be popular online purchases.

9th April 2020 Ferrari is piloting a Back On Track project to conduct voluntary screening of employees and their families for coronavirus Covid19 when the factories in Italy reopen on 14th April.

Ferrari is working with a team of virologists and safety management experts to create a safe working environment even when Italy has not stopped infections and spread of virus.

Ferrari will also use an App to track the contacts of those involved in the initiative to enhance health monitoring. The Ferrari coronavirus App will help monitor and contain the emergence of any new infections amongst employees.

8th April 2020 BMW To Start Manufacturing Face Masks

BMW face masks produced will be used by own staff and to protect the public against the spread of the new coronavirus. World Health Organisation WHO coronavirus protection guidelines have changed recently to recommend the wearing of face mask. Previously the wearing of face mask was at best regarded as inadequate and at worst could even make it easier to contract virus.

BMW would soon produce several hundred thousand masks per day.

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BMW normal vehicle production at factories in Europe has stopped and the stoppage has been extended by two weeks until 30th April.

8th April 2020 ICL Tech Has Changed Production To Supply Personal Protective Equipment PPE

ICL Tech has received an order for 90000 visors from Greater Glasgow and Clyde Health Board and also won an order to supply visors to Alder Hey Children’s Hospital in Liverpool.

ICL Tech normally provides plastics for the transport oil and gas and financial sectors but has diversified its operations to accommodate NHS needs. It has increased visor production in the past week from 750 visors a day to 3000.

8th April 2020 Mercedes F1 Boosts Business For Peter Day Precision Engineering

Peter Day Precision Engineering business has been boosted by an order for thousands of valves needed for Mercedes F1 breathing aids for Covid19 patients.

7th April 2020 SEAT Automotive Business Using Windscreen Wiper Mechanism To Build Emergency Ventilators For Spanish Healthcare Fight Against Coronavirus

Ninety percent of the materials used to make ventilators are the same that SEAT uses to make SEAT Leon. The ventilator motor is the windscreen wiper motor of the car.

SEAT is collaborating with startup business Protofy.xyz to produce 100 of the ventilators and will be provided to Spanish hospitals free of charge.

6th April 2020 Apple To Make One Million Protective Masks Per Week For Health Workers

Apple has already delivered the first of its protective masks to a hospital in USA. It has brought together medical professionals the USA government its own designers all parts of its organisation and suppliers to make critically important non core product at speed and en mass. Apple is also planning to manufacture and distribute face shields.

Apple CEO urged people to stay home and adhere to guidelines on social distancing to prevent the spread of the coronavirus.

Coronavirus Pandemic News Update and Analysis
Coronavirus Pandemic News Update and Analysis. CLICK HERE for more information.

3rd April 2020 Burberry Is Making Healthcare Gowns Instead Of Fashion Clothes

31st March 2020 Ineos Builds Hand Sanitiser Production Plant Within 10 Days

Ineos has started producing a million pocket bottle hand sanitiser units a month. They target recipients for the new production capability are NHS workers and care workers.

The new Ineos plant is at Middlesbrough and is a 24 hour production operation.

30th March 2020 A breathing aid that can help keep coronavirus patients out of intensive care has been created in under a week by University College London engineers working alongside clinicians and Mercedes Formula One

Other Formula 1 teams are working with Rolls Royce and Airbus to manufacture ventilators within days to provide for the coming coronavirus pandemic storm of critically ill in the UK.

19th March 2020 Meggitt Leading A Consortium Of UK Suppliers To Rapidly Develop and Produce Ventilators That UK Hospitals Need

Meggitt is an aerospace and defence component manufacturer.

The UK government is working with a number of manufacturers to repurpose their manufacturing to supply thousands of ventilators needed within just a few weeks. The UK government is committed to buying any ventilators and other medical supplies produced.

The UK only has around 5000 ventilators and may need in excess of 20000. Many more people could die from the lack of ventilators rather than the fact they have contracted the virus.

In Italy a businessman hearing a shortage of parts for ventilators within days designed a 3D print of the parts needed

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Business leaders around the world have the creativity and innovation to solve demand and supply problems very quickly.

18th March 2020 Pound Falls To Lowest Level Against The Dollar In 34 Years

Where businesses are able to keep working they must explore all opportunities for growth especially in a period where a UK recession is now guaranteed and global recession likely.

Part of survival and prosperity plan for UK business should still be to export more particularly to USA. With such a low value of the pound this is an opportunity not be be missed if you can possibly avoid it.

17th March 2020 Amazon UK Stops Receiving Non Essential Products From Sellers Amid Coronavirus Outbreak

Amazon UK is to be congratulated for changing its sales strategy in light of pressures on society from coronavirus pandemic.

Amazon Inc is suspending sellers from sending non essential products to its USA and UK warehouses until April 5 to free up inventory space for more critical supplies that are in shortage as a result of the coronavirus outbreak.

Amazon is seeing increasing online shopping demand from consumers for household staples and medical supplies which are running out of stock.

Amazon defined five categories as essential products that can continue shipping including Baby Product Health and Household Beauty and Personal Care Grocery Industrial and Scientific and Pet Supplies.

Sellers supplying products that are deemed non essential could see their products run out of stock and they will be unable to restock as a result of the pandemic risk management control measure. Suppliers can use other fulfilment methods including mailing products direct to customer.

17th March 2020 Morrisons To Recruit 3500 To Expand Home Delivery To Combat Coronavirus Demand

Clearly Morrisons makes money out of this but it also provides a valuable additional resource to protect people in their homes from coronavirus and therefore also protects people not in their homes too.

Morrisons will introduce more slots for customers and new ways of delivering groceries which will include helping vulnerable people and those affected by the virus.

Morrisons will also launch a customer call centre for orders to be taken over the phone so that people who do not shop online can still order food to be delivered.

Other measures include asking customers at the checkout to pay if possible by card or smartphone to reduce cash handling.

17th March 2020 A Small British Company Previously Making Honey and Gin Starts Making Alcohol Based Hand Sanitiser Products

There is national and global shortage of hand sanitiser due to the coronavirus pandemic. Is it profiteering switching manufacturing output to meet the demand in the marketplace? Of course not. There are no losers only winners.

The British Honey Company in Buckinghamshire will start producing hand sanitiser after receiving permission from UK treasury.

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The British Honey Company will continue to produce its core products but maximise profitability by expanding into hand sanitiser products that will help protect people in UK and beyond from coronavirus COVID19.

Being able to produce such an in demand product within our existing capabilities enhances our existing business model at the same time as assisting with the efforts to combat the spread of Covid-19.

Chief Executive Michael Williams The British Honey Company

If you can produce cleaning products personal protection equipment ventilators or parts thereof then you need to heed the UK governments appeal to produce products and services that will help save lives whilst you help protect your business. Its time to think how you can help others and help your business in the process.

Amazon is hiring 100000 new staff in USA to cope with increased sales due to coronavirus as people order more online to avoid close contact

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All businesses should explore ways to protect and grow business during coronavirus pandemic. If your online presence is inadequate to sustain your business contact us to find out how to grow your business faster online.

Discover ways to protect your business from the economic consequences of coronavirus. Network with business leaders and risk management experts. Keep up with coronavirus pandemic news analysis and reviews.

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Learn more about e commerce initiatives with BusinessRiskTV. Understand the reasons to invest in eCommerce even if you have your own website. Boost your online presence.

Start your own ecommerce business or expand your offline business online. Make your business brand stand out more online

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Add an additional low cost ecommerce capability with little knowledge of effort with our help. Launch your very inexpensive ecommerce business development quickly to grow your business faster securely with Paypal on BusinessRiskTV.

How to use ecommerce with BusinessRiskTV to increase sales cash flow and profit

Setup your own Paypal account. We use your Paypal account to improve online sales cash flow on profit. Whether you are a business to business B2B or business to consumer B2C business we can help you increase online sales.

Focus you products or services branding and eCommerce sales where your customers already visit. Build your eBusiness income with our help.

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Shared Problems Shared Solutions Collaborative Meetings

Cross business and industry collaboration with BusinessRiskTV.com

BusinessRiskTV Collaborative Business Solutions. Do you want to create more time for your business to grow faster with less uncertainty? Faced with a small budget for business protection and growth would you choose an online group session with other business leaders to save time and money? It is an idea some business leaders are investigating

Group online sessions solve common business problems faster and gives business leaders chance to collaborate with other business leaders with same attitude to business development and protection.

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Demand on business leaders time outweighs time available to manage all business risks cost effectively. In recent years the speed of change in the business environment has accelerated putting increased pressures on business leaders wearing many business responsibility hats.

In addition many businesses have complex business systems and business needs which can make finding the best business solutions more difficult to identify.

The traditional one to one business consultation can be prohibitively expensive and the business problem can seem unique when in fact it affects many businesses.

With limited risk management funding or possibility of employing inhouse risk management expert specialists business leaders may need to find innovative ways to find best business solutions quickly within available budget.

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Business leaders collaborating on solving business problems together faster and cheaper

Many businesses have the same need for commercial insurance cover and other solutions to protect the business that do not involve insurance. Most if not all business want to increase their opportunities to sell more and increase profitability. Business leaders may seek advice from risk management experts independently to advise on managing such business risks.

Instead of seeing a risk management consultant or business adviser on your own you could get together with a group of other business leaders needing to discuss the same business problems.

If a group of up to 10 business leaders came together with the same business problems could they share experiences to solve risk management problems faster and potentially cheaper?

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BusinessRiskTV risk management network partners facilitate online business leader meetings. The risk management facilitator gathers together business leaders with the same or similar business problems problems before the online meetings. The risk management facilitator also compiles a list of questions the participating business leaders want to ask the group that will include attending and participating risk management experts.

The collaborative group of business leaders and risk management experts will know the business problems to be focused on and details of the businesses involved in the online discussion ahead of the online meeting. This will enable attendees to be aware of the potential value of the meeting to them and prepare for the meeting. The participants in the online problem solving meeting must not only prepare to solve their business problems but must be prepared to help share solutions to help other attendees problems.

Sharing problems and helping solve others problems is the purpose of the meeting.

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The problem solving group may well discuss sensitive issues. This does not need to constrain those attending. Trust quickly develops as participants quickly realise they are not alone with their business problem and that they are talking to people who have already solved their problem. You create a bond with your fellow business leaders. The more you open up the more you get out of the meeting for your business. The sharing of experiences with other business leaders can be empowering.

The aim of the collaborative online meetings is to quickly find solutions to business problems to save time and money for the participants. Participants access more practical problem solving information that has worked already. The meetings help business leaders to more cost effectively use their own time and resources in solving their business problems and the business problems of others. As they are common problems experienced by all those attending then common solutions that actually work well will come to light without the need for discussion duplication.

You may prefer a one to one meeting with a business risk management consultant if you have the budget. However why reinvent the wheel. Other business leaders have solved your business problem already. Tap into their experience to solve your business problems quicker and potentially cheaper.

Collaborative business problem solving online meetings are for business leaders who already know what their business problems are. They just want to know the solutions quickly so they can go off and implement them for themselves and their business.

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It is unlikely that people will attending the meeting will diagnose the problem that is holding your business back. That is not the purpose of the online meetings. You identify what your business risks are and come to the meeting to find risk management solutions or ideas that have worked and could work for your business.

There are measures in place to ensure the confidentiality of information shared within the group and you can see one of our risk management experts from our risk management network on an online one to one appointment who will have seen your business problem before. However collaborative group sessions can quickly overcome barriers to your business growth and a valuable peer support network.

Register for alerts to upcoming online group discussions and review bulletins on past business risk management discussions

Alerts and bulletins will be emailed to you. Complete the form below to register your interest for free. Enter code #CollaborativeMeetings.

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Entrepreneurs Forum and Online Conference Workshops

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

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

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

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

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

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

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

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

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

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

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

Find a business mentor or business coach to help protect and grow your business faster with less uncertainty

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Tap into the right entrepreneurship forum for your business. Regardless of your country or industry you can find an entrepreneurs forum to help you build a stronger more resilient more successful business.

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Tap into our business risk management resource to protect and grow your business in UK and overseas.

Engage your existing customers and attract potential new customers online. Participate with your business community in your country or industry online. Build relationships with senior managers executives and business owners.

Building your business connections will best prepare your business for the uncertainties ahead. Your skills and business resources could be useful to other business leaders locally and globally.

We are building a network of business risk management experts who can exchange tips advice and support for mutual benefit. Offer your help to our network to help them understand the business problems you can help them solve.

Stay in touch with new business connections via our network bespoke to your needs. Listen into their conversations about risk management to pick up tips to manage your business better. Understand their problems so you can maybe offer help to solve their problems quicker and cheaper.

Develop more meaningful business relationships to take your business to another level

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

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

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

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

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

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Understand your business exposure to risks better. Get help to manage business risks better. Network with your peers and risk management experts locally and around the world to help solve your business problems faster. Good business risk management is good business!

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Identify evaluate and control the risks impacting on your business objectives. Develop practical steps to protect your business and grow business faster with less uncertainty. Understand the risk assessment process better.Tap into free risk management guidance online. Enterprise risk management is a fundamental element of business success and business resilience.

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Women hold up half the sky

How does gender affect risk taking in business

Men and women are equal. Perhaps more importantly men and women can bring a different risk management perspective to the table. Without one makes the business more vulnerable.

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Men and women within the business need to be treated equally fairly to ensure the business machine works most effectively.

There can be gender differences in risk taking so an effective holistic risk management strategy requires balanced workforce making decisions on strategy operations and projects. Indeed a balanced risk management strategy requires ethnic equality as well as gender equality.

It is not about male employees v female employees

Men and women see threats and opportunities in different ways. How they respond to business risks is therefore different. Your business enterprise risk management strategy needs to recognise risk perception gender differences. The differences present the opportunity for a competitive advantage if the competition have not acknowledged and addressed this aspect of business culture. Your risk assessment process should take account of gender issues.

It is about creating a balanced all inclusive holistic enterprise risk management strategy for faster business growth with less uncertainty

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Make sure gaps in risk protection are filled. Make sure opportunities for business growth are not missed. For both of these important elements it is important that women are present at executive and senior manager level. For example drafting in a women from a lower level will not counter gender risk taking issues.

The risk management strategy needs to be written up on basis of equality in the boardroom not by having equality within a risk assessment workshop.

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Women need to be fully embedded in all aspects of the business decision making process to benefit from their risk knowledge and experience. Include their business risk perspective and experiences. Women are not better leaders than men or vice versa.

By leaving out women or ethnic minorities at senior management and executive level you may not get the big picture on risk management. Inequality in the boardroom can mean your business only achieves half its potential with the same assets. Indeed some of these assets women may decided to move to a more meritocracy driven business that values gender parity.

There is a growing skills gap in the UK and your business can not afford to miss the benefits of offering an equal opportunity career development environment.

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

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

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

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Enterprise risk management tools and techniques with BusinessRiskTV.com

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

One size does not always fit all

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When looking for a solution to your business problem

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  • use the right risk management tools and techniques that fit your business culture and attitude to business risk.

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Help for manufacturers selling direct to consumers to sell more

Direct to consumer trends with BusinessRiskTV.com

Why do manufacturers not sell directly to consumers? Well actually British manufacturers are forecast to sell 13 billion pounds worth of goods direct to consumers by 2025. UK manufacturers are moving away from selling to wholesalers and retailers and going direct to consumers according to Barclays Bank.

Nearly three out of four UK manufacturers now sell direct to consumers

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Manufacturers in the UK and rest of the world can use BusinessRiskTV to sell more direct to consumers. Get on or expand the direct to consumer trend. BusinessRiskTV social media and digital marketing service can put your manufactured products in front of potential buyers cost effectively. You deliver from your factory direct to consumer with your preferred consumer logistics and stay in control of the sale and distribution process. If there is any after care required you give it direct to consumer too.

Manufacturers can deliver a better quicker cheaper service to the consumer than wholesalers or retailers

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Manufacturers can reap the reward of cutting out the businesses in the middle that require a share of your profit. Boost your output turnover and profit. At the same time you can make your products more attractive to consumers by reducing the end user price paid for your products.

Manufacturers need to seize the moment. Sell more and sell directly to consumers with help from BusinessRiskTV. We can help you get started or provide an additional online sales marketplace to sell more online direct to consumer.

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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.

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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More meetings but few business decisions are made

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Structure management meetings to make real decisions. Make progress do not maintain status quo. Move your business forward with a meeting. Make sure your decision making meeting works well for your business.

Having too many meetings decreases productivity. A boost to productivity can be facilitated by reducing the number of meetings and making each one held more venues for better decision making. Manage meeting process better and keep meetings short.

Academics from the University of Malmo in Sweden say meetings provide an outlet for people at work to show off their status or to express frustration.

BBC Report

Managers should have clearly defined roles and accountability that they have agreed to and these should be directly linked with the strategic operational and project objectives of the business.

Just because you have manager in your job title does not mean the best thing for the business is to be in meetings constantly. Especially if at the end of a meeting not decision has been taken on the subject of the meeting.

However the BBC report says that the professor things meetings are good because they allow the business to assert power and direction over those attending the meeting. Surely meetings should be about engaging all those attending the meeting in solving a specific problem or problems the meeting has been called to address. Address means there must be decisions taken on how to resolve the issues raised otherwise they are just talking shops and can actually be more destructive than constructive.

If dissatisfaction with the business is to be allowed it should be in the understanding that you bring a solution to the problem you are complaining about not just a problem.

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Effective meetings can produce better business decisions. Not all decisions made at a meeting will be good decisions. Having decided a meeting is needed make sure the potential benefit from the meeting is not missed.

  • Make sure ever attendee properly prepares for the meeting. Make sure what decision needs to be made is clear before the meeting and what is expected from attendees.
  • Make sure it is clear that people are attending not to talk about the problem but to make a decision on a specific issue.
  • There maybe more than one option to consider and decide on the best decision. Make sure the options are clear before the meeting.
  • Make sure there is a written meeting agenda and a clear idea of what decisions are needed. Make sure all attendees are suitable informed about the meeting subject matter. Send out agenda before meeting.

Holding short meetings are better than long ones. Shorter meetings should help focus minds on the key issues at hand. Short meetings can focus the energy in the room on finding business solutions not issuing direction or showcasing managerial power.

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More meetings but few business decisions are made

Read business management articles and watch videostream trending on BusinessRiskTV