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In the world of business, making the right decisions can be the difference between success and failure. Business owners must be able to weigh the potential risks and rewards of each decision before taking action. But with so many variables to consider, making good business decisions can be a daunting task. Fortunately, BusinessRiskTV.com is here to help. In this article, we’ll explore the importance of good business decisions and how BusinessRiskTV.com can help you make them.

Why Good Business Decisions are Important

Making good business decisions is essential for the long-term success of any company. Here are a few reasons why:

Maximising profits: Good business decisions can help you maximise your profits by identifying opportunities to cut costs, increase revenue, and improve efficiency.

Mitigating risks: Every business decision involves some level of risk. Making good decisions can help you identify and mitigate potential risks, reducing the likelihood of financial losses.

Building trust: Making good decisions can help build trust with customers, employees, and investors. By demonstrating your ability to make sound decisions, you can inspire confidence in your stakeholders and build a positive reputation for your company.

Improving innovation: Good business decisions can lead to innovative ideas and solutions, helping your company stay ahead of the competition.

How BusinessRiskTV.com can Help

BusinessRiskTV.com is an online platform designed to help businesses manage risks and make informed decisions. Here are some of the ways BusinessRiskTV.com can help you make good business decisions:

Risk Management Tools: BusinessRiskTV.com provides a wide range of risk management tools to help you identify, assess, and mitigate potential risks. These tools can help you make informed decisions based on data-driven insights.

Expert Advice: BusinessRiskTV.com provides access to a network of experts in various industries. These experts can offer valuable insights and advice on how to make informed business decisions.

Industry Insights: BusinessRiskTV.com provides access to a wealth of industry insights and data. By staying up-to-date with the latest trends and developments in your industry, you can make informed decisions that give you a competitive edge.

Training and Education: BusinessRiskTV.com provides training and education resources to help you and your team improve your decision-making skills. By developing your ability to make informed decisions, you can improve the overall performance of your company.

Examples of Good Business Decisions

Let’s take a look at some real-world examples of good business decisions:

Apple’s Decision to Focus on Design: In the early 2000s, Apple made the decision to focus on design, creating products that were both aesthetically pleasing and functional. This decision helped Apple differentiate itself from competitors and build a loyal customer base.

Netflix’s Decision to Move into Original Content: In 2013, Netflix made the decision to move into original content, producing shows like House of Cards and Orange is the New Black. This decision helped Netflix reduce its reliance on licensed content and establish itself as a major player in the entertainment industry.

Amazon’s Decision to Invest in Technology: Amazon has consistently invested in technology, from its early days as an online bookseller to its current position as a leading e-commerce and cloud computing company. This decision has helped Amazon stay ahead of the competition and maintain its position as a market leader.

Coca-Cola’s Decision to Expand into New Markets: Coca-Cola has a long history of expanding into new markets, from its early days in the United States to its current position as a global brand. This decision has helped Coca-Cola maintain its position as one of the world’s most recognisable brands.

Ford’s Decision to Introduce the Model T: In 1908, Ford made the decision to introduce the Model T, a car that was affordable and easy to produce. This decision revolutionised the automobile industry, making cars accessible to the average person and transforming transportation as we know it.

These examples demonstrate the importance of making good business decisions and the impact they can have on a company’s success.

Making good business decisions is essential for the long-term success of any company. By identifying and mitigating potential risks, maximising profits, building trust, and improving innovation, good business decisions can help companies stay ahead of the competition and achieve their goals.

BusinessRiskTV.com is an online platform designed to help businesses manage risks and make informed decisions. By providing access to risk management tools, expert advice, industry insights, and training and education resources, BusinessRiskTV.com can help companies make informed decisions that drive their success.

So if you want to make good business decisions, turn to BusinessRiskTV.com. With its wealth of resources and expert guidance, you can make informed decisions that help your company achieve its goals and thrive in today’s competitive business landscape.

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Businesses in the UK will grow over the next 5 years. Will your business be one of them. Not all businesses in UK will grow. The UK business leaders which take the right decisions to protect and grow their business will grow their business regardless of the UK economic future.

What of the future? Economic growth not contraction. The fundamentals of the UK economy are strong. Can your business exploit the opportunities for growth that are ahead?

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Is printing money a Ponzi scheme designed to bail governments out and create asset bubbles to make rich richer and poor poorer?

The claim that printing money by western central banks is a Ponzi scheme is a controversial one. Some economists argue that it is true, as printing money can lead to inflation, which erodes the value of money saved by citizens and investors. Others argue that printing money can be a necessary tool to stimulate economic growth, and that the negative effects of inflation can be managed.

Here are some of the potential consequences of printing money:

  • Inflation: When the government prints more money, it increases the amount of money in circulation. This can lead to inflation, as people have more money to spend and demand for goods and services increases. Inflation can make it more expensive to buy goods and services, and can erode the value of savings.
  • Devaluation of the currency: If the government prints too much money, it can lead to the devaluation of the currency. This means that the currency will become worth less in terms of other currencies. This can make it more expensive for businesses to import goods and services, and can make it more difficult for people to travel abroad.
  • Unintended consequences:Printing money can also have unintended consequences. For example, it can lead to asset bubbles, as people invest in assets in the hope that their value will increase. This can lead to a financial crisis if the asset bubble bursts.

It is important to note that the effects of printing money can vary depending on the specific circumstances. For example, the effects of printing money during a recession may be different from the effects of printing money during a period of economic growth.

In conclusion, the claim that printing money by western central banks is a Ponzi scheme is a complex one. There are both potential benefits and risks associated with printing money, and the effects can vary depending on the specific circumstances.

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Enterprise risk management expert Keith Lewis will help you develop a competitive advantage quickly and cheaply. Fast business growth can occur online in UK and overseas using your existing products and new products.

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An effective enterprise risk management framework and risk assessment process will identify assess and manage your enterprise risks.

Your enterprise risk management system should help you ensure enterprise risk awareness to mitigate threats and seize new business opportunities.

Control the impact of uncertainty on your business objectives. Create and development new opportunities for business growth. Focus limited business resources on key limiting issues holding your business back. Build business resilience.

Our holistic risk management approach to business decision making can help you develop a new risk based business strategy for greater success. Combat key business threats. Create new profitable revenue streams.

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Risk Events

BusinessRiskTV Risk Management Events online help for business leaders to grow business faster with less uncertainty

Did you want to understand the threats and opportunities you are or will face?

BusinessRiskTV Risk Events will help inform your risk management decision making. Make better decisions with less uncertainty.

Join us at free risk management events. BusinessRiskTV free online Risk Events are aimed at business leaders. Our risk management experts will help business leaders overcome barriers to success.

Come to our online risk events armed with any questions specific to your business needs as you like. Pick up free business risk management advice wherever you are in the world with a WiFi signal.

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Who Is BusinessRiskTV

BusinessRiskTV was created by Keith Lewis as a hub for business leaders to connect with business management experts and other business leaders to solve business problems quicker.

With BusinessRiskTV you can pick up free business risk management tips advice and support. Our risk management tools and facilities provide various ways to gain support when making important business decisions wherever you are in the world.

Get a quiet nights sleep knowing that your business is better protected and more likely to grow faster with less uncertainty

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Come back time and again for the latest business risk management news headlines opinions and reviews.

How can BusinessRiskTV help your business

With our support uncertainty will have less of a negative impact on your business. Be more positive about future of your business.

It is our mission to help protect your business better and help you grow it faster more profitably for longer. Without making the right decisions at the right time you expose your business to losses and may miss opportunities for business development.

We have a range of services to help you. Most of them are free. We are constantly evolving our range of services to keep you covered. You develop a more holistic approach to business problem solving for a greater chance of more success.

  • Sell More In UK Online. We can help you with ecommerce solutions to sell more profitably and safely online.
  • Sell More Overseas. We can help you sell more in overseas marketplaces more profitably and safely.
  • Collaborate and network online with top business leaders and risk management experts for free. Find best ways to protect and grow your business faster.

Join us at an online Risk Event to taste what we have to offer your business

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UK Currency Conundrum

How to make the UK currency work in your business favour

USA president Donald Trump plans to add a 10 percent tariff to another 300 billion dollars of Chinese imports on 1st September. Without a trade deal the global economy will continue to suffer not just China and USA economys. Part of the trade war rhetoric from USA is that China is manipulating its currency to keep it artificially low to gain a competitive advantage.

A weaker yuan makes Chinese exports more competitive or to put it another way a weaker yuan makes it cheaper to buy more Chinese goods with foreign currencies.

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Here in the UK the low value of the pound is held up as a bad thing for the UK economy. The airwaves are full of woe about the negative effects of the low value of the pound on the UK. In the USA president Trump moans about the Federal Reserve keeping the value of the dollar too high with too high interest rates. In addition the USA Treasury classed China as a currency manipulator as it claims China manipulates its currency to keep it lower than warranted.

The USA Treasury says China manipulates its currency to keep it lower to improve its international balance of trade and gain unfair competitive advantage in international trade. USA is taking steps in a trade war to lower the value of the dollar and push up value of the yuan.

Why does president Trump and China want lower currency valuation and UK whinges and bellyaches over low value of pound?

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It seems that many people with their own political agenda are happy to talk the UK into a recession it does not need to enter if it looks at the opportunities from selling more overseas from UK. If you are open to more ideas to grow your business faster contact us.

Most of the FTSE 100 companies in the UK benefit from a low value in the pound. Their profits are in dollars and when converted to the pound these companies receive a currency benefit to business performance. Investors including the UKs pension funds receive a low value in currency beneficial online casino bonuses at bonushitlist.

Furthermore the UK is benefiting from more income from more tourists coming to the UK. UK tourism money from overseas visitors will help boost UK economy. Business leaders in UK tourism industry should be going all out to attract visitors to their business. The low value of the pound is giving these UK tourism related businesses a competitive advantage.

Without having to enter a trade war or manipulate its currency the UK has been dealt cards that includes low value of the pound. Instead of encouraging UK business leaders of SMEs and large firms to export export export the UK media and political opportunists talk down UK economy. The result is that the UK is failing to taking advantage of the low value of the pound.

By constantly talking up Brexit uncertainty and ignoring the real threats and opportunities from the current global economic conditions the UK will suffer more pain than it needs to that Germany Japan France Italy and most other countries are suffering too.

Scores of central banks around the world have recently lowered interest rates to cope with the global economic slowdown. The UK can use the low value of the pound to trade its way out of the global economic slowdown. It could that is if business leaders focused on the real threats and opportunities from the low value of the pound.

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Using risk knowledge work experience and risk management skills we can solve most business problems related to business protection and growth.   Our passion for problem solving uses problem solving risk analysis tools and determination to work practically and pragmatically to get the desired result for our clients.

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Using our passion for problem solving to manage real life business problems faster and cheaper

Our passion for entrepreneurial problem solving has driven a more creative and innovative strategy to help overcome common issues most business leaders face.

We have combined this passion with a practical purposeful actions to open up the world to BusinessRiskTV and its clients. We have embraced the many tools and techniques at our disposal to enable us to provide business solutions to many barriers to being a more successful business.

Our passion for problem solving has led us to offer some business solutions for free whilst charging a fee for other business services to ensure our own sustainability.

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Latest risk management training with BusinessRiskTV risk management training academy-“Unveiling the Problem-Solving Process: How It Empowers Businesses”

Introduction

  • The importance of problem-solving in business contexts.

Understanding the Significance of Problem Solving

  • Explore why effective problem-solving is crucial for a business’s success.
  • Discuss how it can lead to better decision-making and innovation.

How Your Company Approaches Problems

  • Explain your company’s problem-solving philosophy and principles.
  • Highlight the emphasis on collaboration and cross-functional teams.

The Problem-Solving Process

  • A step-by-step breakdown of your company’s problem-solving process.
  • Detail each stage, from problem identification to solution implementation.

Leveraging Data and Analysis

  • Emphasise the role of data-driven decision-making in problem-solving.
  • Discuss how your company utilises data to understand problems better.

Encouraging a Culture of Innovation

  • Fostering an innovative culture contributes to effective problem-solving.
  • Examples of successful innovations resulting from this approach.

Adapting to Change and Challenges

  • Illustrate how your company tackles unexpected challenges through problem-solving.
  • Highlight the flexibility and adaptability of the process.

The Impact of Problem-Solving on Business Growth

  • Case studies or success stories showcasing the tangible impact of problem-solving.
  • Discuss how problem-solving contributes to overall business growth.

Feedback and Continuous Improvement

  • Emphasise the importance of feedback loops in the problem-solving process.
  • Explain how your company continuously improves its approach based on feedback.
  1. Conclusion
    • Summarise the key points discussed.
    • Reiterate the value of problem-solving for your company’s growth and success.
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Business Risk News : if your objective is freedom and success you will need objectivity, clarity and independence of thought from your news source to discover freedom and success in business. The wider news media is useless to you as it has its own agenda. If your recognise that this is the real truth and understand why that impacts on your ability to make your business a success then you will want to come back to BusinessRiskTV Risk News more often for help to inform your better decision making process to achieve success in business with less uncertainty. Don’t let yourself be brainwashed by the agenda of others not aligned to your business objectives.

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Positive action can be taken to manage cyber risks. We are working with leading cyber risk experts to bring you the best cyber risk management solutions.

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Flybe is being bought by a consortium including Virgin Atlantic and Stobart Group. Inadequate business development at the old Flybe a weaker pound and higher fuel costs all led to the near extinction of Flybe. Flybe shareholders will receive 1p a share and the new consortium saving Flybe from extinction will invest 100 million pounds in the new project. It will operate under the Virgin Atlantic brand.

The consortium saving Flybe is called Connect Airways. Flybe describes itself as Europes largest regional airline.

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Collaborative working is the future for sustainable business growth

Just three examples where collaborative business working could produce so much more with little increased risk assets or investment. In other words some traditional business leaders lack of creativity and innovative thinking is restricting the profitability of their business.

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Retailers in UK often talk about the threats to their business model and profitability

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Method of successful resource allocation

Efficient allocation of resources with a risk based decision making process. Find out how to use a business risk management plan to improve business performance. Allocate time and money to the critical issues most likely to return greatest reward.

  • Why is your business not doing better?
  • What are you doing to identify what really matters to your business success?
  • Where will need to change things in your organisation to achieve greater success?
  • Who needs to perform to support your business objectives and what are you doing to help them perform?
  • When will you stop doing what is not working well and start doing things differently to achieve what you want for your business?
  • How can you change business decision making to achieve more with same resources?

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Use your business strengths to mitigate the threats your business faces. Reduce your weaknesses to control the threats to your business objectives. Seize new business opportunities to build your business resilience.

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Use enterprise risk identification and analysis to help you grow your business with less uncertainty.

  • Enhance what you are doing well for greater returns on your investment of time and money.
  • Identify new opportunities for your business that you are currently missing or failing to capitalise upon.
  • Control the risks holding your business development back.

Recognise that you do have opportunities to improve your business and what you need to do to make them work well regardless of the business or economic environment.

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Create a business risk management plan after identifying key threats and opportunities for your business: PESTLE example

A business risk management plan for a business leader in the UK could include the following:

  1. Political risks:
  • Monitor changes in government policies and regulations that may affect the business
  • Assess the potential impact of political instability on the company’s operations and supply chain
  • Develop contingency plans for disruptions caused by political events
  1. Economic risks:
  • Monitor economic indicators such as GDP growth, inflation, and interest rates
  • Assess the potential impact of economic downturns on the company’s revenue and profitability
  • Develop strategies to mitigate the effects of economic fluctuations on the business
  1. Social risks:
  • Monitor changes in consumer behavior and preferences
  • Assess the potential impact of social trends on the company’s products and services
  • Develop strategies to adapt to changes in consumer demand
  1. Technological risks:
  • Monitor advances in technology that may disrupt the company’s business model
  • Assess the potential impact of technological innovations on the company’s competitiveness
  • Invest in research and development to stay ahead of technological changes
  1. Legal risks:
  • Monitor changes in laws and regulations that may affect the business
  • Assess the potential impact of legal changes on the company’s operations and compliance costs
  • Develop strategies to mitigate legal risks, such as insurance or implementing compliance programs
  1. Environmental risks:
  • Monitor changes in environmental regulations and standards
  • Assess the potential impact of environmental factors on the company’s operations and supply chain
  • Develop strategies to mitigate environmental risks, such as implementing sustainable practices or investing in renewable energy.

Note: PESTLE Analysis is a framework for assessing the external factors that may affect a business. It is a useful tool for identifying potential risks and opportunities for a business.

PESTLE BUSINESS RISK PLAN

Risk Type Key Considerations Potential Impact Mitigation Strategies
Political risks Changes in government policies and regulations Disruptions to operations and supply chain Monitor political developments, develop contingency plans
Economic risks Economic indicators such as GDP growth, inflation, and interest rates Reduced revenue and profitability Monitor economic indicators, develop strategies to mitigate effects of economic fluctuations
Social risks Changes in consumer behavior and preferences Reduced demand for products and services Monitor social trends, develop strategies to adapt to changes in consumer demand
Technological risks Advances in technology that may disrupt business model Loss of competitiveness Monitor technological developments, invest in R&D to stay ahead of changes
Legal risks Changes in laws and regulations Increased compliance costs and legal liabilities Monitor legal developments, implement compliance programs and insurance
Environmental risks Changes in environmental regulations and standards Negative impact on operations and supply chain Monitor environmental developments, implement sustainable practices and invest in renewable energy.
PESTLE BUSINESS RISK PLAN

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Identify and treat risks to your business better

For risk management to work best it needs to be holistic and integrated into normal business decision making. Increase senior managers and executives awareness of enterprise risks impacting on enterprise objectives to boost performance.

  • Explore your organisations opportunities for innovation and development
  • Capture competitive advantages you have in your marketplace
  • Increase sales more profitably

Treat your enterprise risks better. Avoid reduce transfer or accept risks more holistically more cost effectively.

Improve your risk assessment process to manage risks to you enterprise

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Enterprise risk management should not be a functional affair. It should help inspire and engage all levels of the organisation in managing business risks holistically.

Check out our upcoming online workshops on risk awareness including risk identification assessment and treatment.

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Managing all risks facing an enterprise is increasingly challenging. Get help from BusinessRiskTV. How do you currently increase risk awareness within your organisation.

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Develop your organisations effectiveness at managing enterprise risks. Improve all employees risk awareness. Reduce your enterprises vulnerability. Build business resilience. Open up new business development opportunities.

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Improve the whole business with proactive integrated holistic enterprise risk management ERM

A risk based approach can improve all business functions. Improving each function will grow your whole business faster. Stop your business management being driven by events. Take control of your own destiny. Get ahead of the game.

Engage your employees more productively. Reward better proactive risk management solution suggestions. Maybe your current way of managing risk is not the best way.

Tackle threats quicker and more cost effectively. Develop new business opportunities. Help your employees to develop their risk knowledge and abilities and suggest changes to your risk management action plan.

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Develop a stronger risk management culture. Empower your employees to deliver better business performance. Enable employees to challenge risk management standards to mitigate threats and seize new business opportunities.

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Failure Of Governance

Poor corporate governance endangers the existence and success of businesses

Learn how to improve the way you do things in business

Looking at the costs of failure of governance. Good governance can be expensive but not compare to the cost of governance failure.

 

The risk of enterprise failure increases with inadequate governance risk and compliance processes

There are many examples of the biggest firms in the world collapsing due to bad risk management practices. Good corporate governance risk and compliance systems build business resilience and can improve business performance.

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Managing Business Rules

There are several techniques that can be useful for managing business rules in an organisation. Here are some recommendations:

Documenting business rules: One of the most important techniques for managing business rules is to document them in a clear and concise manner. This can include using a variety of formats such as decision tables, flowcharts, and natural language descriptions.

Centralising business rules: To avoid inconsistencies and duplication of effort, it is advisable to centralise the management of business rules. This can be done using a dedicated software tool or a repository that stores the rules and makes them accessible to relevant stakeholders.

Version control: It is crucial to keep track of changes to business rules over time, especially when multiple stakeholders are involved. Version control techniques such as branching and merging can help in managing changes to business rules.

Testing and validation: Business rules should be tested and validated thoroughly to ensure their accuracy and effectiveness. This can be done using a variety of techniques such as unit testing, integration testing, and user acceptance testing.

Auditing and monitoring: Regular auditing and monitoring of business rules can help to identify any potential issues or areas for improvement. This can be done using automated tools or through manual reviews.

Governance and ownership: Establishing clear governance and ownership of business rules is essential to ensure that they are being managed effectively. This can include assigning ownership to specific individuals or teams and establishing processes for reviewing and approving changes to business rules.

By following these techniques, organisations can effectively manage their business rules and ensure that they are aligned with their business objectives and regulatory requirements.

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Get help to control the risks you can control

If you are responsible and accountable for key business decisions change your business decision making process to make quicker decisions with more confidence. Focus on the critical issues impacting on your business success or failure. Make the best decision possible with the most amount of available risk information.

  • Identify the critical risks impacting on your business objectives
  • To make business decisions quickly you need to aim for holistic benefits rather than perfect outcomes
  • Create a solid risk based decision making process you can rely on

Make tough decisions faster with more confidence. Make the right choice from available decision options based on what you want to achieve in business.

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Connect more potential customers with your existing sales process like your website. Alternatively if you have a Paypal account create an eCommerce shop in our online marketplaces to take payments before you deliver to your new customer.

  • Take secure payments with independent third party payment provider Paypal
  • Increase cash flow to bank sales quickly and easily
  • Create new customer database to create opportunities for upselling or repeat orders

Find out more about how to grow your business faster more securely.

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Increase online sales. Get your brand known locally and globally. Raise your brand awareness ideas to grow your business faster. Awareness campaign ideas.

Without effective brand awareness your business could lose out on sales your competitors have won. Consumers and businesses only have a limited amount of money to spend and if they spend their scarce resource because they found your competitor and not you then you lose. Learn here how to make your business stand out online and become more successful.

Several of the biggest retailers in the UK have collapsed or nearly collapsed due in a large part to failure to have an appropriate increase brand awareness strategy

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There are a number of straightforward ways you can build your brands reputation online. From social media marketing strategies to better Search Engine Optimisation SEO. Learn how to increase online sales faster cost effectively. Determine the right social media channels for your brand and develop a new brand awareness strategy.

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Increasing online sales is of growing importance to SMEs and large businesses. The shift from the High Street to the web continues unabated. Bricks and mortar businesses also need to explore how to increase brand awareness. Simply relying on what has worked for you in past may not be enough to survive in future.

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Are you struggling to grow your business read on to find ideas to grow your business faster. Save your money and time. Discover new ways to grow your business. Use our tips to help your business grow. Take your business to the next level.

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  • We provide the technical know how to create your shop online.
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  • We charge one simple to understand rent per annum

You simply pay the annual rent and email us details of the products or services you want to sell online. Email the words to explain why anyone should buy your product plus images and or video to promote your business products for sale. If you have a Paypal account you can even take secure payments paid directly into your own account for better cash flow with your own ecommerce store in our marketplace.

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Maximising Your Business Growth: Insider Strategies and Tactics from Industry Leaders

Maximising your business growth tips: sharing insider strategies and tactics from industry leaders to help you take your business to the next level.

  1. Identify your target market.

Before you can start growing your business, you need to know who your target market is. This will help you tailor your products or services to meet the needs and wants of your ideal customer. To identify your target market, consider factors such as demographics, location, and interests.

  1. Set clear goals and objectives.

In order to grow your business, you need to have a clear direction and plan in place. This means setting specific, measurable, achievable, relevant, and time-bound (SMART) goals and objectives. Having clear goals and objectives will help you stay focused and motivated as you work towards growing your business.

  1. Invest in marketing and advertising.

Marketing and advertising are crucial to getting the word out about your business and attracting new customers. Consider investing in both traditional and digital marketing efforts, such as social media, email marketing, and content marketing.

  1. Focus on customer satisfaction.

Happy customers are key to driving business growth. Make sure to prioritise customer satisfaction by providing high-quality products or services, responding to customer inquiries and complaints, and continuously seeking ways to improve the customer experience.

  1. Diversify your revenue streams.

Diversifying your revenue streams can help protect your business from economic downturns and provide multiple sources of income. Consider offering new products or services, partnering with other businesses, or exploring alternative revenue streams such as licensing or franchising.

By following these insider strategies and tactics, you can take your business to new heights of growth and success. Remember to always keep your target market in mind, set clear goals and objectives, invest in marketing and advertising, focus on customer satisfaction, and diversify your revenue streams. 

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  • Think about your appetite and business risk tolerance when considering what you want to achieve

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Step guide to reinventing your business with BusinessRiskTV

Our guide to reinventing your business. Start with your risk management culture. Identify your management team risk appetite and risk tolerance. Identify your corporate tolerance to risk. The key to your business reinvention is your risk culture. You can then change your

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Reinvent your thinking. Reinvent the way you respond emotionally to risk.

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At BusinessRiskTV we can take some of the worry out of growing your business. We will ask the right questions to find the best way forward for your business.

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Working with you to create long term value for your business. Developing your business faster with less uncertainty.

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Challenges Of Growing A Business and How To Meet Them With BusinessRiskTV.com

As a business grows, it will face various challenges that can hinder its growth and success. Here are some common challenges of growing a business and some tips on how to meet them with the help of BusinessRiskTV.com:

  1. Cash flow management: Managing cash flow can be a challenge for growing businesses, especially if they have large overheads and expenses. BusinessRiskTV.com can help businesses develop a financial plan to ensure they have enough cash to cover their expenses and invest in growth opportunities.
  2. Hiring and retaining talent: As a business grows, it will need to hire new employees to keep up with the demand. However, finding and retaining talented employees can be a challenge. BusinessRiskTV.com can help businesses develop an effective recruitment strategy and employee retention plan.
  3. Scaling operations: Growing businesses need to scale their operations to meet the demands of their customers. However, scaling too quickly can lead to operational inefficiencies and quality issues. BusinessRiskTV.com can help businesses develop a growth strategy that balances speed and efficiency.
  4. Managing risk: As a business grows, it becomes more exposed to risks such as cyber attacks, supply chain disruptions, and regulatory changes. BusinessRiskTV.com can help businesses identify and manage these risks by developing a risk management plan.
  5. Competition: Growing businesses may face increased competition as they expand into new markets or attract new customers. BusinessRiskTV.com can help businesses develop a competitive strategy to differentiate themselves from their competitors.

Overall, growing a business can be a challenging process, but with the help of BusinessRiskTV.com, businesses can overcome these challenges and achieve their growth objectives.

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We look at the businesses the risks and the business risk management leaders to review the business threats and the opportunities for businesses in UK and globally.

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What is in focus for BusinessRiskTV and its online broadcasting partners? Our online business leader community explore the risks impacting on business success or failure.

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Watch our risk experts analyse the financial markets the global economy and the business marketplace for free BusinessRiskTV subscription. Subscribe to read and watch corporate and economic updates. What are the things you need to know today. Catch up with highlights of key corporate risk management issues.

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BusinessRiskTV regularly adds new broadcasts to our risk management back catalogue and Risk Management Video Library. You can even download some online broadcasts so you can select the best broadcasts worth watching again and again whenever you want. We also select the best risk management partner videos worth your while watching and add them to our Risk Library.

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Taste what we have to offer your business for free. Enter words or phrase that most interest you in our website search tool. If you find something that interests you come back again and again as it is likely we will have something else to help you in future.

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Talk online to our business risk management experts to solve your business problems faster and for free. Change your established risk management habits to reduce uncertainty in business. There maybe other ways for you to achieve the success you desire. Find out on BusinessRiskTV. Act on our ideas for effective risk management and risk management leadership to build your business resilience.

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Regulatory compliance is an important part of business risk management but it should not be an accuse for a lack of simplicity or innovation.

Control the way you do things better without stifling or suppressing business growth. Indeed business risk management should create new business development opportunities and faster business growth. There does need to be appropriate levels of risk control protection and supervision but not at expense of business stagnation.

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