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Ways mindfulness can improve your work performance
Maximise your performance by restoring your mind and body with mindfulness techniques. Focus your mind and body on the most difficult task at the beginning of your working day. Do not try to do everything when you start work. Assess what is the most important thing to do to achieve your objectives and do it. This may not be the most urgent thing that needs doing.
Doing what is most important is better for you in long run than doing most urgent things.
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Your business performance may come down to your attitude to risk. However focusing your resources on managing risks better could allow you to embrace business risks more build resilience and achieve better results.
Mindfulness can help you shift your response to business risks.
Be more relaxed that your business risks are under control.
Encourage a positive risk management culture.
Be more creative and innovative.
Improve decision making.
Encourage more responsible attitude to all stakeholders affected by your business activities
Rebalance your risk management process to take more holistic business risk management decisions. Optimise your business performance.
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More Efficient and Effective Business Decisions
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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There are a number of key factors that led to successful business. Successful business leaders understand that being in business is about managing the risks from change. Unsuccessful business leaders tend to blame their failures on economic climate changes and their successes on their brilliant business management skills!
The UK retail sector is suffering major painful changes. Tens of thousands of jobs have been lost as major retailers collapsed or contracted. Yet the UK retail marketplace has some examples of major retailers bucking this trend blamed on the UK economy by unsuccessful retail business managers.
By applying their risk management knowledge successful businesses can act quicker and with more confidence it will work out
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Not taking risks is not an option for most business leaders. However many risk factors coming together can appear daunting. Enterprise risk management looks at the big picture and helps you identify the steps to a better business in future.
Find out how to improve your chances of business success with BusinessRiskTV. Take calculated risks to help your business grow faster with less uncertainty. Embrace change and the risks to your business.
Business risk assessment elements should fit your business culture. Some people do not like numbers. Some do. Your business risk assessment template should reflect the culture of your organisation.
A business risk assessment is a systematic process that helps organisations identify, evaluate, and prioritise risks that may impact their operations, financial performance, and reputation. It is an essential tool for managing risk and ensuring the long-term viability of a business.
There are several key elements that a business risk assessment should include:
Identifying the risks: The first step in the risk assessment process is to identify the potential risks that the business may face. This can include internal risks, such as operational inefficiencies or employee misconduct, as well as external risks, such as market changes or natural disasters.
Evaluating the risks: Once the risks have been identified, the next step is to evaluate their potential impact on the business. This includes considering the likelihood of each risk occurring, as well as the potential consequences if it does.
Prioritising the risks: After evaluating the risks, the next step is to prioritise them based on their potential impact on the business. This will help the organisation focus its resources on the most significant risks and develop strategies to mitigate them.
Developing risk management strategies: Once the risks have been prioritised, the next step is to develop strategies to mitigate them. This can include implementing control measures to prevent or reduce the likelihood of risks occurring, or transferring the risk to another party through insurance or other means.
Monitoring and reviewing the risks: The risk assessment process is ongoing and should be regularly reviewed and updated to ensure that it remains relevant and effective. This includes monitoring the risks and identifying any new or emerging risks that may have arisen since the last assessment.
In summary, a business risk assessment should include the following key elements:
Identifying the risks
Evaluating the risks
Prioritizing the risks
Developing risk management strategies
Monitoring and reviewing the risks
Every business faces risks that could be a threat to its success
The business leaders who are better prepared for these risks and have a cost effective risk management plan and business strategy are more likely to be more successful.
Enterprise Wide Risk Assessment For Faster Business Growth With Best Use Of Business Assets
Develop a suitable risk assessment process to assist with your risk management plan preparation. Review your existing risk management process to ensure it is fit for purpose in a rapidly changing marketplace. Successful entrepreneurs have a good strategic operational and project risk management attitude and business culture that is flexible enough to cope with any economic environment.
There are numerous factors that can contribute to the success of a business. Here are some key factors that are often considered critical for building and maintaining a successful business:
Clear Vision and Strategy: A successful business requires a clear vision and a well-defined strategy. This includes setting goals, defining the direction of the business, and developing a roadmap to achieve those goals.
Market Research and Understanding Customer Needs: Understanding the market and identifying customer needs are essential for success. Conducting thorough market research, identifying target customers, and tailoring products or services to meet their needs is critical in building a successful business.
Strong Leadership: Effective leadership is crucial for the success of any business. It involves providing direction, making decisions, motivating employees, and fostering a positive work culture. Strong leadership skills help in guiding the business through challenges and achieving the desired outcomes.
Financial Management: Proper financial management, including budgeting, cash flow management, and financial planning, is vital for the long-term success of a business. Sound financial management practices help in ensuring that the business remains financially stable and can weather economic uncertainties.
Quality Products or Services: Delivering high-quality products or services is essential for building a loyal customer base. Providing value to customers and consistently meeting or exceeding their expectations builds trust and helps in retaining customers, which is critical for the success of any business.
Effective Marketing and Branding: Successful businesses understand the importance of effective marketing and branding. Creating a strong brand presence, developing marketing strategies to reach the target audience, and promoting products or services effectively can lead to increased visibility, customer acquisition, and revenue growth.
Innovation and Adaptability: In today’s dynamic business environment, innovation and adaptability are crucial for success. Successful businesses continuously innovate, adapt to changing market trends, and find new ways to stay relevant and competitive in the market.
Efficient Operations and Processes: Streamlining operations and processes can improve efficiency, reduce costs, and enhance customer satisfaction. Implementing effective systems and processes, optimising the supply chain, and leveraging technology can lead to improved productivity and operational excellence.
Talented and Engaged Workforce: A skilled and motivated workforce is vital for the success of any business. Hiring and retaining top talent, providing opportunities for growth and development, fostering a positive work culture, and promoting employee engagement can lead to higher productivity and overall business success.
Customer Relationship Management: Building strong customer relationships is crucial for long-term success. Providing excellent customer service, maintaining open lines of communication, addressing customer feedback, and building customer loyalty are key factors that contribute to the success of a business. These are some of the key factors that can contribute to the success of a business. However, it’s important to note that success is multifaceted and can vary depending on the industry, market, and individual circumstances. It’s essential to carefully plan, execute, and continuously adapt to changing circumstances to achieve long-term business success.
Strategic Partnerships and Networking: Collaborating with strategic partners and building a strong network can provide valuable opportunities for business growth. Strategic partnerships can help access new markets, share resources, and leverage complementary strengths, while networking can lead to new business leads, partnerships, and valuable industry insights.
Risk Management: Successful businesses recognize the importance of managing risks. This includes identifying and mitigating potential risks, having contingency plans in place, and being prepared to handle unexpected challenges. Effective risk management can help protect the business from potential setbacks and ensure its resilience.
Flexibility and Adaptability: Business environments can change rapidly, and successful businesses are agile and adaptable. Being open to change, willing to pivot when necessary, and embracing innovation can help a business stay ahead of the competition and navigate through uncertainties.
Continuous Learning and Improvement: Successful businesses are always learning and improving. Keeping up with industry trends, staying updated with technology, and seeking feedback from customers and employees can provide valuable insights for making informed decisions and driving continuous improvement.
Strong Customer Focus: Putting the customer at the center of the business is crucial for success. Understanding customer preferences, delivering excellent customer experiences, and building customer loyalty can lead to repeat business, positive word-of-mouth, and a strong brand reputation.
Ethical and Responsible Business Practices: Operating with integrity, practicing ethical business standards, and being socially responsible can build trust and credibility with customers, employees, and other stakeholders. Demonstrating responsible business practices can contribute to long-term success and sustainability.
Resilience and Persistence: Building a successful business is not always easy, and setbacks and failures are inevitable. Successful businesses demonstrate resilience, learn from failures, and persist in the face of challenges. Perseverance, determination, and the ability to bounce back from setbacks are key traits of successful entrepreneurs.
Long-term Planning and Goal-setting: Having a long-term vision and setting realistic goals is important for business success. Long-term planning allows for strategic decision-making, resource allocation, and monitoring progress towards achieving business objectives.
Adapting to Digital Transformation: In today’s digital age, successful businesses embrace digital transformation. This includes leveraging technology for automation, digital marketing, data analysis, and online presence to stay competitive and meet changing customer preferences.
Monitoring and Measuring Key Performance Indicators (KPIs): Successful businesses monitor and measure key performance indicators (KPIs) to track progress, identify areas for improvement, and make data-driven decisions. Regularly analysing KPIs provides insights into the health and performance of the business and helps in making informed decisions.
In conclusion, building and maintaining a successful business requires a combination of various factors. It’s important to have a clear vision, understand the market and customer needs, demonstrate effective leadership, manage finances wisely, deliver quality products or services, market and brand effectively, innovate, and adapt to changing environments. Additionally, building a strong team, managing risks, focusing on customer satisfaction, practicing responsible business ethics, and being resilient and persistent are key factors that contribute to long-term business success.
Death of the High Street in UK has been predicted for some years. 2019 has been bad year for UK High Street with 85000 plus job losses and many retail business collapses. However saving the British High Street may not be just about tackling unfair taxation of retail on the High Street. What the High Street in UK offers consumers needs to change as what they want has changed.
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We are helping retailers and other businesses to become more successful businesses on the UK High Street. Boost your retail sales on the High Street and online with our help. Diversify your income streams. Save your shop.
The UK High Street is not dead. It just needs to change what it offers and when. It also needs to increase its innovation with the use of the internet.
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Draw more customers to your High Street shop and your new online profit centre with BusinessRiskTV. Find out how to save your shop on the High Street.
Can the UK High Street be saved? Yes it can!
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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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Business performance can improve faster tackling business risks holistically rather than individually. Discover the best ways to tackle the biggest risks to your business. Is your business properly prepared with effective risk management tools and techniques.
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Businesses of every kind in every sector and every country seizing business opportunities to grow faster with less uncertainty. Risk affects all areas of your business. Manage those risks better for heightened business success.
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UK economic forecast next 5 years. Global business and economy experts opinions analysis and review of best guess for UK economy. Network with top business leaders and risk management professionals to help you make better more informed business decisions.
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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Sure there is uncertainty about the UKs economic future. When has there been certainty? The key is to find ways to grow whatever the economic future or at least protect your business so it is resilient and survives.
There are undeniable challenges ahead for UK business leaders. Identify them assess their impact on your business and set a risk management plan and strategy for business resilience.
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Importance Of Risk Taking In Business
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We are looking for people who have something to say about country or industry risks. In addition if you want to author an article on specific risk that applies to all countries and industries we may publish it too.
Many people have experiences or thoughts which could provide a risk insight. BusinessRiskTV embraces thought leaders and innovative thinkers. Help others to see why your ideas are worth considering.
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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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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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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.
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Top thought leaders including academics business leaders and policy makers think cyberattacks in top 5 risks facing businesses. The latest World Economic Forum WEF Global Risks Report says we should be focusing resources on cyber risk management.
The risk of theft of data and money as well as cyberattacks resulting in disruption and damaged infrastructure remains very high. It is unlikely that this risk level will fall given the increased use of technology in every aspect of our lives and business.
What can be done to mitigate the threats and seize new business opportunities
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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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2008 should have been the watershed moment for the financial services sector and banking in particular to implement systemic changes to incorporate enterprise risk management principles and practices.
FCA and Financial Services Review Into Banking Risk Culture
Financial services companies have continued to bring to market products that have led to claims for compensation. Nonsense of putting the customer first is often uttered in the financial services sector.
The reality is that the financial services sector risk management culture is still systemically broken and it is likely to lead to the next financial crisis. A financial crisis comes along roughly every 10 years. As we look towards 2019 the next financial crisis is overdue.
How will the next financial crisis manifest itself? Not known. Will it happen? Almost certainly. Most countries have not fully recovered from the last financial crisis. Their economies are still very weak. Even the strong are comparatively weak. This means we may never recover from the next financial crisis and so should do more to make sure the next financial crisis is avoided or mitigated.
Most likely cause of the next financial crisis is the compounding and aggregation of financial risk.
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The last financial crisis grew and exploded from the productionisation of simple debt prototype ideas thought up by people who thought they were masters of the world. Despite the new false perception that after ten years we have now paid our dues we are in fact drowning in more unpaid debt than ever.
Unpaid debt will continue to be wrapped up in shiny new marketing material designed to protect the buyers from the toxicity of the core material. Piled high and sold cheap these debt instruments will be combined and recombined. The new for old debt products will build the tower that will be the start of the beginning of the end for many a business in the next financial crisis.
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Leaders can manage uncertainty in various ways. Some bury their head in sand. Others adopt a belts and braces approach to risk control incurring imbalanced costs to benefits.
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When facing doubts or uncertainty many business leaders turn to their gut instinct. Rolling the dice may turn up the result you are aiming for. This may work for you. However better risk management information may enable you to choose a different path. Or it may over procrastination to drive forward growth with more confidence. Not making a decision can be as bad as instinctively shooting off blindly.
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Exploring the threats and opportunities coming from the 4th Industrial Revolution. Network with top thought leaders to find out how to protect and grow your business faster.
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What are the main industry risk factors affecting your business success or failure today and tomorrow
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Introducing the BusinessRiskTV Industry Risk Management Forum
BusinessRiskTV industry risk management forum enables members to contribute to BusinessRiskTV. Active members around the world contribute articles and videos to help grow their business faster with less uncertainty to help inform readers industry business risk management decision making.
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If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to industry risk management forum today.
Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through
business networking with key business decision makers locally and globally
improved risk assessment via better business intelligence
reduced cost of risk control via deals discounts and special offers
Build a more successful and sustainable business more easily with BusinessRiskTV Industry Risk Management Forum.
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Join the BusinessRiskTV Industry Risk Management Forum and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.
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Key benefits of BusinessRiskTV Industry Risk Management Forum and reasons to join and contribute today
Free to join. There is no cost to join the forum. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
Free business intelligence to inform your decision making to build your business resilience. Forum members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
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FAST GROWING LOCAL AND GLOBAL BUSINESS RISK MANAGEMENT CONNECTIONS
BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club members to tap into for business tips advice and support.
The BusinessRiskTV Industry Risk Management Forum is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.
BusinessRiskTV Industry Risk Management Forum is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.
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You are in control of your relationship with us
In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.
You are always in control of your subscription to BusinessRiskTV Industry Risk Management Forum. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.
We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.
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Frequently Asked Questions FAQs
Is BusinessRiskTV Industry Risk Management Forum free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
Am I tied into the BusinessRiskTV Industry Risk Management Forum? It is free to join the forum. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
How long does membership last? 12 months renewable annually.
I do not know anything about online business marketing and development? That is one of the great strengths about being in the Industry Risk Management Forum. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers help protect and grow your business faster.
How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
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Manage business risks better by country by industry and by specific types of business risks. Join our business risk management club for free.
Introducing the BusinessRiskTV Business Risk Club
BusinessRiskTV business risk management active members club enables members to contribute to BusinessRiskTV for free. Active members around the world contribute articles and videos to help grow their business faster with less uncertainty to help inform readers business risk management decision making.
Boost your sales more profitably
Increase your network of business contacts
Protect your business uncertainty negatively impacting on your business
If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to BusinessRiskTV Club today.
Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through
business networking with key business decision makers locally and globally
improved risk assessment via better business intelligence
reduced cost of risk control via deals discounts and special offers
Build a more successful and sustainable business more easily with BusinessRiskTV.
Join BusinessRiskTV Business Risk Management Club Today For Free enter code #RiskClub
Join the BusinessRiskTV Business Risk Club and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.
The Club is free to join. Then you choose whether you want to contribute to BusinessRiskTV to promote your own business and inform online readers. You pay an annual membership fee to regularly contribute to BusinessRiskTV and promote your business interests cost effectively.
Key benefits of BusinessRiskTV Risk Club and reasons to join and contribute today
Free to join. There is no cost to join the club. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
Free business intelligence to inform your decision making to build your business resilience. Club members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Fast Growing Local and Global Business Risk Management Connections
BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club meMbers to tap into for business tips advice and support.
The BusinessRiskTV Club is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.
BusinessRiskTV Club is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Founder of BusinessRiskTV Risk Management Club
Read Keith Lewis Testimonials as to the quality of his work. This gives some background as to the quality of the business risk management business intelligence being gathered and distributed.
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
You are in control of your relationship with us
In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.
You are always in control of your subscription to BusinessRiskTV club. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.
We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.
Hands Free Business Growth and Development Of Your Business
One of the great strengths of the BusinessRiskTV business risk management club is that members do not need to know how to market their business online. You can simply email us the message you want to promote and we can connect you with more new potential customers or other business leaders.
You can read business risk management articles or watch videos for free including business risk management expert opinions and analysis to inform your own business decision making process.
After you join the club you can just use it as a simple way to be kept up to date on emerging and developing corporate risks impacting on your business objectives.
Sit back and receive email alerts to important business risk intelligence to develop your risk management knowledge. Alter your business risk management plan accordingly based on expert risk analysis. Alerts bulletins and news have the potential to build your business resilience and business growth.
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Boost Your Business Growth
BusinessRiskTV Club could be very profitable for your business if you contribute to the content and connect to your business. There are no guarantees of returns but membership of the club expands your options for greater business success and business resilience. There will be failures. That is the nature of business marketing and development. However you will get access to innovative flexible ways to grow and protect your business better. We will minimise the cost of uncertainty impacting on your business objectives over time. At the same time we will increase the chances of become a market leader in your industry and country.
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Frequently Asked Questions FAQs
Is BusinessRiskTV Club free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
Am I tied into the BusinessRiskTV Club? It is free to join club. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
How long does membership last? 12 months renewable annually.
I do not know anything about online business marketing and development? That is one of the great strengths about being in the Business Risk Management Club. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers to help protect and grow your business faster.
How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
Join BusinessRiskTV Business Risk Management Club enter code #RiskClub
Managing the business risks in your target country
Country risk analysis and assessment
Business leaders with specific country risks in mind share business management risk insight and experiences. Ask for guidance and build valuable connections.
You can find your country risks by using this website search facility. You can also create your own networking group business club or web page to market promote and advertise your business.
Quickly and easily subscribe to BusinessRiskTV for free today
Once you subscribe to BusinessRiskTV you are able to connect with like minded leaders in business innovation and management. Join members online live discussions webinars and workshops. Find answers to your business questions for free
Find your country on BusinessRiskTV via website search function
Start a conversation about your country risks
Contribute to your country risk problem solving
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Subscribe for your country risk workshops leader discussions and online executive training.
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Solving Business Problems Quicker and Easier: Your Go-To Resource for Business Success
Welcome to our page where we specialise in solving business problems quicker and easier to enhance your company’s performance and growth. In today’s fast-paced business environment, finding effective solutions to complex challenges is crucial for staying competitive. We provide actionable insights, innovative strategies, and expert guidance to help you overcome obstacles and seize opportunities.
Why Follow Us?
1. Expertise in Business Problem Solving: Our team of seasoned professionals brings decades of experience in various industries, focusing on practical solutions that drive results. We understand that every business faces unique challenges, and we tailor our approach to address your specific needs, ensuring you get the best advice to solve your business problems quickly and effectively.
2. Cutting-Edge Strategies and Tools: We keep you updated with the latest trends, tools, and techniques for solving business problems quicker and easier. From risk management and strategic planning to process optimisation and digital transformation, we cover a wide range of topics to help you stay ahead of the curve.
3. Real-World Case Studies and Insights: Learn from real-world examples of businesses that have successfully tackled their challenges. Our case studies provide valuable insights into how companies across various sectors have navigated complex situations, streamlined operations, and achieved sustainable growth by solving business problems more efficiently.
4. Engaging Content and Thought Leadership: We regularly share articles, videos, webinars, and thought leadership pieces that provide practical advice and innovative solutions. Our content is designed to be engaging, informative, and directly applicable to your business, helping you solve problems quicker and easier.
5. Community of Like-Minded Professionals: Join a network of business leaders, entrepreneurs, and professionals who are passionate about solving business problems and driving growth. Share your experiences, exchange ideas, and collaborate with others who are also committed to finding quicker and easier ways to enhance business performance.
Stay Connected and Informed
Stay informed about the latest trends and best practices in business problem-solving. Whether you’re looking to improve operational efficiency, enhance customer satisfaction, or drive revenue growth, our content is tailored to provide you with the knowledge and tools you need to solve business problems quicker and easier.
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You’ll gain access to a wealth of resources designed to help you tackle your biggest challenges with confidence and ease. Let’s work together to solve business problems quicker and easier, ensuring your business not only survives but thrives in today’s competitive market.
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Post you own business problems to find recommended solutions. Do not reinvent the wheel. Find an off the shelf solution to overcome barriers to your business growth.
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By assessing and controlling economic risks you can minimise your business exposure to economic risks.
Keep up with the latest news opinions and economic risk reviews. Measure and manage the economic risks in the UK. Develop your risk management practices to fiscal economic risks.
Manage UK economic risks to export more and manage domestic risks.
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If you are interested in reducing the UK economic risks to your business and seize new ways to grow your business faster register for free to receive alerts to upcoming economic risk management discussions webinars and workshops.
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The Damaging Consequences of Overprinting Money
Overprinting money is the act of a government or central bank creating new currency units without a corresponding increase in the supply of goods and services. This can lead to a number of negative consequences for the global economy and businesses, including:
Inflation: Inflation is a general increase in prices and fall in the purchasing value of money. When there is too much money in circulation, it can lead to inflation as people are able to afford to pay more for goods and services. This can make it difficult for businesses to operate as their costs increase, and it can also lead to a decrease in the value of savings.
Decreased value of currency: When there is too much money in circulation, the value of the currency can decrease. This is because the currency becomes less scarce, and people are less willing to hold onto it. This can make it difficult for businesses to trade internationally, and it can also lead to a decrease in investment.
Increased interest rates: In order to combat inflation, central banks may raise interest rates. This can make it more expensive for businesses to borrow money, which can lead to a decrease in investment and economic growth.
Instability in financial markets: Overprinting money can lead to instability in financial markets. This is because it can lead to an increase in speculation and volatility in asset prices. This can make it difficult for businesses to raise capital and operate effectively.
Reduced trust in government: When governments resort to overprinting money to finance their spending, it can lead to a loss of trust in the government. This can make it more difficult for governments to raise taxes and borrow money in the future.
The negative consequences of overprinting money are not limited to the global economy. Businesses can also suffer a number of negative consequences, including:
Increased costs: When inflation rises, businesses may have to increase their prices in order to cover their costs. This can lead to a decrease in demand for their products or services.
Decreased profits: If inflation outpaces revenue growth, businesses may see their profits decrease. This can make it difficult for businesses to invest and grow.
Increased risk: When the value of the currency is unstable, businesses face increased risk. This is because they may not be able to predict how much their costs or revenues will increase in the future. This can make it difficult for businesses to make long-term plans.
Loss of market share: If businesses are unable to keep up with inflation, they may lose market share to competitors who are able to pass on higher costs to consumers.
The negative consequences of overprinting money can be severe and far-reaching. It is important for governments and businesses to be aware of these risks and to take steps to mitigate them.
What are the negative effects of reducing money supply?
Increasing credit crunch risk due to lack of money supply or unaffordable borrowing costs
Reducing the money supply can also have negative consequences for the economy. This is because it can lead to a decrease in economic growth, an increase in unemployment, and a decrease in asset prices.
When the money supply is reduced, it becomes more expensive for businesses to borrow money. This can lead to a decrease in investment and economic growth. It can also lead to an increase in unemployment, as businesses are less likely to hire new workers when it is more expensive to borrow money.
In addition, a decrease in the money supply can lead to a decrease in asset prices eg house prices, stock market shares, etc. This is because when there is less money in circulation, people are less likely to bid up the prices of assets. This can lead to losses for investors who own assets, such as stocks and property.
What are the disadvantages of excess money in circulation in an economy?
The disadvantages of excess money in circulation in an economy include:
Inflation: As mentioned earlier, inflation is a general increase in prices and fall in the purchasing value of money. When there is too much money in circulation, it can lead to inflation as people are able to afford to pay more for goods and services. This can make it difficult for businesses to operate as their costs increase, and it can also lead to a decrease in the value of savings.
Decreased value of currency: When there is too much money in circulation, the value of the currency can decrease. This is because the currency becomes less scarce, and people are less willing to hold onto it. This can make it difficult for businesses to trade internationally, and it can also lead to a decrease in investment.
Increased interest rates: In order to combat inflation, central banks may raise interest rates. This can make it more expensive for businesses to borrow money, which can lead to a decrease in investment and economic growth.
Instability in financial markets: Excess money in circulation can lead to instability in financial markets. This is because it can lead
Understanding Economic Indicators For Effective Risk Management
Economic indicators are statistics that provide information about a country’s economic performance and outlook. They are used by businesses, investors, and policymakers to make informed decisions about the economy.
Gross domestic product (GDP) is one of the most important economic indicators. It measures the value of goods and services produced within a country’s borders. A growing GDP is generally seen as a sign of a strong economy, while a decline in GDP can indicate a recession.
Another important economic indicator is the unemployment rate, which measures the percentage of the labor force that is unemployed but actively seeking employment. A low unemployment rate is usually seen as a sign of a strong economy, while a high unemployment rate can indicate weakness.
Inflation is another important economic indicator. It measures the rate at which the general level of prices for goods and services is rising. High inflation can indicate that an economy is overheating, while low inflation can indicate weakness.
Interest rates are also an important economic indicator. Central banks use interest rates to control inflation and stabilise the economy. Higher interest rates can slow down economic growth by making borrowing more expensive, while lower interest rates can stimulate growth by making borrowing cheaper.
Economic indicators can also be divided into leading, lagging, and coincident indicators. Leading indicators tend to change before the economy as a whole changes, and can provide early warning signs of an impending recession or recovery. Lagging indicators, on the other hand, tend to change after the economy as a whole changes, and can confirm the onset of a recession or recovery. Coincident indicators tend to change with the economy as a whole and tend to reflect the current state of the economy.
Effective risk management involves staying informed about economic indicators, understanding their significance, and using them to make informed decisions. By monitoring economic indicators, businesses and investors can anticipate changes in the economy and adjust their strategies accordingly.
In conclusion, Economic indicators are important tools for understanding the current state and future prospects of an economy. By monitoring key indicators such as GDP, unemployment, inflation, and interest rates, businesses and investors can make informed decisions and effectively manage risk.
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The construction industry has many innovations to solve the housing crisis in UK quicker. Could the quickest and cheapest solution to the housing crisis be 3D printing?
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Low cost homes for UK to solve homelessness and housing shortage
Ramping up affordable homes in the UK is key to solving many social problems in UK. The UK housing crisis requires more than one solution. Perhaps 3D printed homes is one realistic solution right now not tomorrow.
Traditional methods of building affordable housing in the UK can be too expensive. If house building is too expensive houses will not get built. If homes do not get built the UK economy suffers as well as people.
Not just shops! Just shopping on the High Street is no longer enough for the consumer nor the High Street. We have to be a bit smarter more innovative and put into action a more radical approach to delivering what people want from the High Street now.
The High Street will become a bigger part of the community not less
Britains High Streets have a bright future if entrepreneurs business leaders and local planners are a bit smarter
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The High Street will become a bigger part of the community not less if we work at building a better future for the High Street in UK.
Retail therapy is still important to many but the High Street can do so much more for the local community
Retail experts have a role to play on the High Street in the UK. They need to be a bit more imaginative creative and innovative to deliver a High Street fit for the future. Selling stuff is no longer enough. Entrepreneurial retailers will sell experiences night and day.
The notice of the Death of the High Street is premature!
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The Bigger Risk To Financial Services Jobs Is Automation Or Robots Not Brexit
Ignore the threat to financial services industry jobs of Brexit. You should be much more worried about the threat of robots. Job automation is the biggest finance sector threat and opportunity.
Financial services industry news headlines risk analysis and financial reports
Job Automation Risk To Your Financial Sector Job
No doubt. Financial services industry is very important to the UK economy. If financial services jobs were lost other sectors would be affected. Fewer services jobs needed to service those in financial services jobs!
Many jobs in financial services are high paid jobs. Top British bankers are paid much more than elsewhere. Resistance to moving to Germany is as much about personal reasons. The UK economy may or may not suffer after Brexit. Bankers will suffer.
However people in financial services are facing automation existential threat. Never mind moving to Germany your job is going full stop!
FinTech company jobs will be prevalent. Bankers less so. Most financial services jobs can be done faster cheaper better. Robots will be
less emotional
more reliable and
after a few years significantly cheaper
How long do you think the C Suite will keep your job. If job automation is better for bonuses your job is toast!
Existing financial services jobs are like UK miners jobs. The buildings will remain but the people in them will be different. Cyber security and fintech risk managers will be plentiful.
Banks insurers and funds will need cyber experts. They will stop external and internal threats to money.
Fintech risk managers will direct risk appetite and risk tolerance
C suite virtual bankers insurers fund managers will be wealthier
Wealthier investors but more at risk of systemic industry collapse
Software developers will frequent the bars and restaurants. Existing financial services people will be there waiting on tables!
Most existing financial services jobs will be lost to job automation. Do not doubt this for a second!
However it is not all doom and gloom. The key to survive is to move into the new financial services sector jobs. Some new financial services jobs do not exist right now! You must change your skills set to take advantage and survive.
Its not just the top bankers that need worry. Indeed they are the ones most likely to easily morph. Financial services jobs most at risk
Mortgage advice
Financial and investment advice
Insurance advice
Any financial services sector job your current phone app replaces!
Consumers have a choice to use financial services apps and websites. In future the consumer will have no choice. Financial services consumers will not speak to people. People will be gone replaced by job automation. The robots will have taken over the financial services world!
There is no point in complaining. No point arguing with us. Better spending your time reskilling instead. Stop worrying about Brexit. Start retraining to overcome threat of job automation. Learn tech skills not German!
Solutions to trade barriers with BusinessRiskTV.com
Solutions to problems of international trade. International trade barrier risk management solution with BusinessRiskTV. Overcoming trade barriers is not straightforward. Find out how to grow your business overseas. Increase the opportunities to grow your business faster. Save money and time growing your business with less uncertainty with BusinessRiskTV.
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An international sales strategy with BusinessRiskTV will help you cost effectively diversify your income streams more profitably. We will increase opportunities to sell internationally online. Our eCommerce solutions will help protect your business boost cash flow and make selling more online easier.
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Call for insurance collaboration
Looking for a way to disrupt the commercial business insurance marketplace? Could Amazon Apple or Google sell commercial insurance policies cheaper and better? You are damn right they could. All three have pots of cash they could invest in selling business insurance more cost effectively. Will it happen perhaps not.
Once banks sort themselves out a while away I give you that they could become dominant virtual insurance companies in the commercial insurance marketplace. What about
Apple and Google will take over the automotive marketplace in the future if Tesla are not too busy trying to get to Mars. Maybe too busy to attack the commercial business insurance marketplace but their innovative approach is a very good example of how traditional thinking in business could result in an obsolete company. BMW Ford et al none of them are immune and neither are insurance companies or insurance brokers.
Maybe your clients will buy their commercial insurance whilst on a flight across the channel on a business trip to USA. The insurer? Norway State fund is more stable than any insurance company. It might even take over a smaller insurance provider and use it as a base to disrupt the insurance marketplace.
Is the traditional insurance marketplace too big to be attacked? Well AIG were not too big to fail. Smaller players in the insurance marketplace are not too big to suffer failure from different cause disruptive innovation.
Traditional ways of selling and distributing insurance cover to businesses are working
However could they also be done differently? We believe so and are seeking insurance provider partners to work with us on designing innovative ways to market and sell commercial insurance online locally and globally.
Integrating commercial insurance in holistic risk management could head off insurance marketplace disruptors from wherever they emerge.
However traditional ways of using insurance cover to help give business leaders a quiet nights sleep may be too conservative to survive.
Grow Faster With Less Uncertainty
Our point of contact to discuss more profitable ways to delivering insurance protection is Keith Lewis.
Do you want to grow your insurance business faster, more profitably and more sustainably?
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Protect yourself and benefit from innovation driven business growth
The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.
Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now. Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.
Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!
Pull in our resources to make innovation-driven business growth more likely to succeed and maximise the return of your investment of time and money.
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If you don’t have time to be innovators you may need to find time to protect against business market disruptors
Fatal existential business decisions are easy to see in hindsight. Foresight consultants can help you take steps to protect yourself from your own poor business decisions.
Anyone can take a wrong turn. If you’re lucky the decision may not be malignant. You might survive to fight another day. On the other hand.
Pro Risk Manager Service
Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.
How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.
The best form of defence is often attack
Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.
We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.
BUSINESSRISKTV DISRUPTIVE INNOVATION BUSINESS GROWTH OR PROTECTION
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Taking risks is critical for heightened business success. Too much or too little risk taking exposes an enterprise unnecessarily or restricts business performance unwittingly. Missed opportunities can be as expensive as massive business losses.
New Business Strategies Are Increasingly Important To Be More Successful For Longer
Strategic foresight consultants can help business leaders and entrepreneurs to make a success of their business regardless of the business environment. They inform the decision making process to reduce uncertainty and improve productivity.
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Could you manage your business risks better? Do you know what the key threats to your business are and how to manage risks better? Maybe more cost effectively? Could you grow your business faster? Inform you decision making with BusinessRiskTV business risk management articles videos and online broadcasts.
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Common business risks facing your business could be managed better. Learn new ways to manage risk more productively with more certainty.
Running a business can be very satisfying but it can also be dangerous for the health of your finances! Potential risks will present ways to threaten business survival or reduce profitability. Other risks may present opportunities to grow faster. Both types of risk need to be managed to maximise your success both personally and corporately.
The business environment sets the scene for successful businesses it does not dictate your success or failure
Anyone can cross their fingers and hope for success but clever business leaders don’t leave their success to luck!
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Not everything is going to go well no matter how hard you plan things. Life often gets in the way of the best business plans! In the real world you have to take calculated risks to achieve more than the next business leader who is risk averse.
How do you get the enterprise risk balance right though?
There are many ways to get the right enterprise risk management ERM balance right. First of all you need to know where you are now and how much of an appetite for risk your key decision makers have.
Once risk appetite and risk tolerance are clear then the culture of risk management can be tailored to strike the right risk management balance for your organisation.
How to identify manage and control the effect of risk on your business objectives
Some risk has to be accepted. How much? What is not acceptable has to be managed. How will risk is managed will dictate how sustainable your business will be in future as well as how successful it will be.
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Take The Courage To Embrace Potential Failure Of Business
You Control the Solutions to Your Business Problems: Exploring Creative Thinking and Problem Solving in Business
In the dynamic landscape of business, problems are inevitable. From operational inefficiencies to market challenges, businesses face a myriad of obstacles that require strategic thinking and effective problem-solving skills. The ability to identify, analyse, and resolve these issues is crucial for organisational success and growth. This article explores the significance of problem solving in the business realm, delving into the BusinessRiskTV model as a powerful tool for addressing challenges. Furthermore, it highlights the role of creative thinking in problem solving and provides three practical ways businesses can leverage creativity to overcome obstacles.
Understanding the Solution to Business Problems Before diving into the solutions, it is essential to grasp the concept of business problems and their significance. Business problems can range from operational bottlenecks to strategic dilemmas, and their resolution plays a vital role in maintaining competitive advantage and ensuring sustainability. By identifying the root causes of problems and employing appropriate problem-solving techniques, businesses can create innovative solutions that drive progress and success.
The BusinessRiskTV Model of Problem Solving The BusinessRiskTV model offers a structured approach to problem solving, enabling businesses to navigate challenges effectively. This model involves six key steps: problem identification, analysis, solution generation, evaluation, implementation, and review. By following these steps, organisations can systematically address problems, ensuring comprehensive and sustainable solutions. The model encourages a proactive mindset, emphasising the importance of continuous improvement and learning from past experiences.
The Importance of Solving Business Problems Solving business problems holds numerous benefits for organisations. Firstly, it helps optimise operational efficiency by identifying and eliminating inefficiencies, reducing costs, and improving productivity. Secondly, problem solving enables businesses to adapt to changing market conditions, seize opportunities, and stay ahead of the competition. Furthermore, effective problem-solving fosters a culture of innovation, empowering employees to think critically and contribute to the organisation’s growth.
Leveraging Creative Thinking in Problem Solving Creative thinking plays a crucial role in solving complex business problems. By encouraging fresh perspectives, challenging assumptions, and exploring unconventional solutions, businesses can unlock new possibilities and generate innovative ideas. This section explores three key ways in which organisations can utilise creative thinking:
a. Divergent Thinking: Encouraging brainstorming sessions and open discussions enables teams to generate a wide range of ideas. By embracing diversity and inclusivity, businesses can tap into the collective wisdom of their workforce and uncover unique solutions.
b. Design Thinking: This human-centered approach emphasises empathy, understanding, and collaboration. By immersing themselves in the customer’s perspective, businesses can develop innovative solutions that cater to their needs, preferences, and pain points.
c. Reverse Thinking: This approach involves challenging the status quo and flipping the problem on its head. By questioning assumptions and exploring alternative perspectives, businesses can discover fresh insights and uncover unconventional solutions.
Solving business problems is an imperative aspect of organisational success. By embracing the BusinessRiskTV model and incorporating creative thinking, businesses can take control of their challenges and pave the way for innovation and growth. The ability to identify problems, analyse their root causes, and generate effective solutions enables organisations to adapt to dynamic market conditions and gain a competitive edge. Moreover, by fostering a culture of creative thinking, businesses can unlock new perspectives and ideas, fueling continuous improvement and long-term success. Ultimately, the power to control the solutions to business problems lies within the organisation itself, and by leveraging their resources, knowledge, and creativity, businesses can overcome obstacles and thrive in an ever-evolving business landscape.
Know with more certainty what your business could achieve if it makes some changes.
Use risk management experts to help you make right choices
Once you know what your biggest business problems are you can identify how to best use limited business resources to reap the quickest gains to achieve greater business success more quickly.
Too often people in business at all levels of the organisation are working extremely hard. This can be a problem because they can burn out whilst solving problems that do not matter to the achievement of key business objectives. Solutions include employing more staff to work on the same minor business problems then business leaders wonder why they are spending more without any increase in business productivity and no business performance improvement.
Improving business performance requires better use of existing key business assets for a better return in your investment of time and money.
Develop the quality and capacity of your workforce to achieve more for themselves and the business
Training employees to help themselves will help your business achieve its objectives by overcoming the biggest business problems more easily with existing resources.
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If you can answer this question immediately and with near absolute certainty then you should be performing pretty efficiently already. If not why haven’t you taken steps to remove barriers to your greater business and personal success?
Develop a new business management strategy with a new decision making process designed to help you identify evaluate and manage your biggest business problems more cost-effectively. If you can’t tell us what your biggest problems are in a very short summary of the key information then you haven’t truly identified your biggest critical business problems impacting on your business objectives.
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You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.
This could be a pivotal momentum for your business
You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help. If you do not need help we wish you well for the future. If you do need help get in touch below and tell us what you need help with.
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Its about connecting business leaders to local suppliers more easily
Local Suppliers Near Me Service
Local Suppliers Near Me
The benefits of local sourcing of business products and services are many and varied from environmental benefits to real cost savings to security of supply lines to flexibility of delivery.
In the UK it is more expensive to import goods and services from overseas due to around a 10 to 20 percent fall in the value of the pound against a basket of foreign currencies in the last 12 months. Where there may have been a substantial price difference between imports and domestic suppliers, this has mostly gone as can be witnessed by the fact that the UK is exporting more now that at any time since 1995.
BusinessRiskTV is championing local UK suppliers
We’re helping to connect UK companies with nearby local suppliers when business leaders source new products and services.
Stand out more from the crowd! Support UK businesses. Help promote local business growth by supporting your local business. Get real added benefit from new local suppliers and support them to help your own business needs. Help new local suppliers to grow with you for a long-term business relationship. Develop a more sustainable business model.
Sourcing products from around the world can lead to more cost and more business interruptions and less flexibility in meeting your customer needs.
Develop shorter local supply chains to build your business with more certainty. In a new Brexit world developing more local suppliers will guard against the negative impact of currency fluctuations.
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Current interest rate in UK is 0.25 percent but this is set to rise in 2017
If the Bank of England pushes up UK interest rate, lenders will follow suit and it will cost you more money to buy a house build that extension lease a new car or invest in your business.
17th October 2017 UK Inflation Rises Even Further Beyond Bank of England Target of 2 percent
UK’s inflation reached 3 percent in September 50 percent higher than targeted according to the Office for National Statistics ONS.
3 percent is the UKs highest inflation level in since April 2012. This is a continuation a rising inflation trend in the UK. This validates the expectation of a UK interest rate hike in November 2017 especially as rising UK inflation should herald rising wages.
Pensioners will definitely win from September’s increase in inflation. UK state pension is linked to September’s inflation rate and this means pensioners will get a 3 percent wage rise next April 2018. The triple lock on pensions means that pensioners are guaranteed a minimum increase each year by whichever is the highest of Septembers inflation rate average earnings growth or 2.5 percent.
If you are planning on borrowing money in UK get in now whilst lenders rates are at their lowest
Could UK interest rates fall even further? Of course they could! Will they? Not on your nelly!
UK interest rate is currently at its lowest. The only way is up but when will they rise? They should have risen by now and as each day passes the likelihood of an increase in interest rate in UK increases.
Currently the UK manufacturing sector is selling more than it has ever done since 1988. Exports are at their highest since 1995. The UK manufacturing sector is trying to recruit more people.
Unemployment is at its lowest rate since the 1970s. Employment rate is at its highest ever. Millions of job vacancies are unfilled. Employers will have to increase pay to retain and attract staff and this will push inflation up higher.
Inflation is running at 2.9 percent and is probably already at 3.0 percent. The Bank of England has a KPI to trigger interest rate increases. Its 2.0 percent. UK inflation is currently 50 percent higher than the optimal inflation rate of 2.0 percent and if the Governor of the Bank of England was a balanced analyst he would know that he needs to help the Monetary Policy Committee to increase UK interest rate to 0.5 percent in 2017.
Mr Carney has today admitted UK businesses are investing more as the global economy is set to boom. The UK economy will probably grow at least as fast as 2016 and by the end of 2017 growth in UK will be a healthy 2.0 percent.
Increasing UK interest rate will support the value of the UK pound and this will make it slightly harder to export and slightly easier to import to UK which will help control inflation.
The UK needs to prepare for the next financial disaster that the financial services industry cook’s up. Part of the preparation is increasing interest rate towards the long-term UK average of 5.0 percent yes 5.0 percent not 0.5 percent. Even if the Bank of England did increase UK interest rate to 0.5 percent it would still be at a rate that is a tenth of the normal for the UK. Thats how far interest rates will go and it will go relatively fast to stop consumer bubble like that in car sales by finance.
So if you want to borrow money in the UK you will never get a better time to borrow than now. Mr Carney flip flops about when it comes to monetary guidance. One minute the economic data points to a UK interest rate rise the next Mr Carney thinks the same data points to maintaining UK interest rate, or even cutting UK interest rate. Mr Carney will soon be going on a mid career break with Mrs May. She will bore him to death about her policy of a strong and stable government, and he can bore her about his kangeroo petrol monetary guidance policy.
The new and enlightened and emboldened MPC should increase UK interest rate this year. If the MPC doesn’t then we need a new MPC.
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UK Pension Liabilities In Private Sector Public Sector and Not For Profit Sector Are Out Of Control
Why are the systems meant to protect those saving for retirement so inadequate? You might say they are underfunded rather than unfunded until you see how much underfunding there is and then you might agree that really pensions are unfunded!
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18th March 2018 In Future UK Employees Pensions Maybe Better Protected
Avoiding or abusing pension responsibilities maybe made a crime under plans to crack down on business leaders who fail to comply with their responsibilities to protect pensions and pensioners in UK.
The UK’s Insolvency Service will also be given extra powers to help protect employees from negligent corporate business decision makers who put pension schemes at risk.
22nd January 2018 UK Prime Minister May Says UK Will Stop Abuse Of Pension Schemes By Executives and Shareholders
The scandal of continuous underfunding of UK pensions and the abuse of pension provision in the UK has been highlighted once again by the collapse of the UK’s second biggest construction company Carillion. Some 28,000 pensioners are likely to face reduced pension payments due to the collapse of Carillion with perhaps a £1 billion pension hole where Carillions money should be.
Instead of addressing the pension hole Carillion executives chose to boost the performance of the firm by underfunding the pension pot paying higher dividends and paying themselves larger bonuses than they would otherwise have been entitled to. Carillion pensioners will transfer to the Pension Protection Fund after the collapse of Carillion but many pensioners many pension members out of pocket when their pension is likely to be cut.
The UK Prime Minister says the UK will clamp down on executives who line their own pockets while not protecting workers pensions.
New rules in the spring of 2018 will aim to deal with executives who threaten worker’s pensions in order to benefit personally from bigger bonuses or rewards.
However Mrs May said last year after the BHS scandal that she would tackle executive abuse to pension contributions with no progress to date.
27th June 2017 UK Pension Regulator published its report into a deal under which Philip Green paid £363m to BHS pension scheme
The Pension Regulator says the main purpose in selling BHS was to prevent taking on liability for the BHS pension scheme. The Pension Regulator says that under Mr Greens watch the BHS pension fund had moved from a surplus into a deficit. However after Mr Greens personal recent substantial contribution BHS pension fund now has a £100m surplus.
However what is clear is that pension fund risk management is highly inadequate. Periodically massive pension fund shortfalls materialise into real financial loss to pensioners. This will continue until legislation corrects the inadequacy of the present regulatory control and monitoring. Perhaps the Pension Regulator could also do its job better. It needs to show its teeth earlier.
Citibank Report 2016
According to Citibank, the 20 largest OECD countries alone owe $78 trillion to their public sector pension funds funding for pay-as-you-go and defined benefit public pensions.
Do you pay into a private pension in UK? Your employer is not! Overall private pension funding in UK is only up to around two-thirds of what is needed. Around three quarters of a trillion pounds extra is needed to fully fund private UK pensions!
Where is this money going to come from to make sure you get your pension when you retire?
Carillion BHS Steelworkers et al are not the only ones who are worried about their retirement money!
Too many people in the UK who think they are saving for their retirement via a pension have been let down and will continue to be let down
Unfunded public sector pensions make up two-thirds of the £2 trillion UK pension liabilities. Private sector pension funds should hopefully become less of an issue as private pension funds or closed to new members and subsequently closed down altogether. However BHS has shown how private pension funds can throw up real problems for those saving for retirement or in retirement.
Why has the UK got saving for retirement so badly wrong?
Unfunded state pensions are the legacy of our fathers and mothers. They have failed to grasp the nettle of saving for retirement and have left a mess to the next generation in the UK whilst pocketing relatively generous pensions for themselves. This is compounded by unfunded central and local government employee pensions.
Public sector pensions are essentially like illegal Ponzi schemes where people think they are investing in their future retirement, but largely they are paying the pensions of those who are retired in UK now. They are really paying money with little more than a hope that the young of today will pay their pension when they retire. However there is no guarantee that the young of today and government’s of the future will feel inclined to pay for retired people’s lifestyles they have no hope of matching when the young eventually retire. The main risk control measure seems to be increasing the state retirement age. And so it continues.
Corrupt business leaders are also failing to pay into private pensions to fund the pension of many people in private sector funds. They seem to be hoping that they will get away with it and someone else will pick up the tab which is normally the retired person who did pay their fair share into the pension fund.
The pension scandal is yet more evidence of the failure of risk management, corporate governance and compliance to create a fair society and corporate culture. A demographic time bomb will soon explode but at the moment successive UK governments are happy to pass the parcel in the hope that the music doesn’t stop when they are in charge.
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Dealing with reckless management of UK pension schemes
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Scores of bankers have been jailed for their part in the financial crisis but the rest of the world should hang its head in shame for its lack of demonstration of accountability for actions and inaction in face of corporate risk
Financial services industry leaders not just bankers were highly culpable for the financial crisis upon which people committed suicide and a lost their shirts. Financial leaders should lose their liberty.
The next financial crisis is just around the corner. We have seen many incidents since the financial crisis that haven’t quite been systemic risk events but they have cost financial services companys billions in fines for poor and deliberate malpractice. Financial services leaders haven’t learnt their lesson. They are just paying lip-service to good corporate governance. Only the real threat of the jail will stop the next financial crisis happening.
Not only have the culprits for the financial crisis got away with it, they have gone on to be leaders in the financial services industry or other leading businesses.
From leading bankers to leading politicians to leading regulators to leading credit rating agency leaders to leading central bankers they have all prospered despite the financial crisis and many have gone from causing the financial crisis to other positions of power without being held to account for their actions or inaction.
There has been limited tightening of global financial services regulations but the ultimate sanction of losing your liberty is still highly unlikely. It still more likely that financial services leaders will depart their employer with handsome pay-offs and pension packages rather than serving time in a USA or UK jail.
Until individual financial services industry leaders face and are convicted of criminal prosecutions business leaders will continue to lead their employers to hefty financial penalties and even liquidation. If you kill someone at work, you at least have some real chance of going to jail. If you kill a corporate entity, you will almost certainly not go to jail in UK and USA. Appearing in court to face charges is not the same as losing your liberty for 7 to 10 years.
European countries have been a little more robust at jailing the guilty but only a few can be proud of their resolve to improve corporate governance in practice.
Financial Services Industry Risk News Headlines Industry Analysis and Risk Reviews
15th October 2019 Reckless Business Leaders Who Mismanage Pension Schemes May Face Up To 7 Years In Jail Under New UK Legislation.
The Pension Schemes Bill will bring in a new sentence of up to seven years in prison for business leaders who are reckless in the management of their pension schemes.
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20th June 2017 SFO charges former Barclays chief executive John Varley and three others Roger Jenkins Tom Kalaris and Richard Boath. After a five-year investigation into the £12bn bailout fundraising recapitalisation of Barclays bank by Qatar
Barclays strategy was to go to Qatar for money instead of UK government. The bank and the ex-bank executives will officially respond to SFO charges on 3rd July. The charges include conspiracy to commit fraud by false representation in relation to a fundraising in June 2008. The ex bank executives are facing potential jail of up to 10 years if convicted.
Other charges for some of those accused and the bank include providing unlawful financial assistance through a loan.
Barclays said it was considering its position in relation to these developments and awaiting further details of the charges.
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Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
Small business owners often make financial mistakes that can have serious consequences for the success of their company. Here are some of the most common financial mistakes made by small business owners, and advice on how to prevent them:
Not keeping accurate financial records: Without accurate financial records, it can be difficult for small business owners to make informed decisions about the financial health of their company. To prevent this mistake, small business owners should establish a system for keeping accurate financial records, such as using accounting software or hiring a bookkeeper.
Not having a budget: A budget is an essential tool for small business owners, as it helps them to plan for expenses and manage cash flow. Without a budget, small business owners may overspend and find themselves in financial trouble. To prevent this mistake, small business owners should create a budget and stick to it.
Not having enough working capital: Working capital is the amount of money a business has available to cover its short-term expenses. Without enough working capital, small business owners may struggle to pay bills and meet other financial obligations. To prevent this mistake, small business owners should maintain a healthy level of working capital by managing expenses and seeking financing when necessary.
Not having adequate insurance: Insurance is an important tool for small business owners, as it helps protect their company against potential financial losses. Without adequate insurance, small business owners may find themselves facing financial ruin in the event of a disaster or other unexpected event. To prevent this mistake, small business owners should review their insurance needs and purchase the appropriate policies.
Not diversifying investments: Small business owners often invest a significant portion of their assets in their own company, which can be risky. To prevent this mistake, small business owners should diversify their investments to spread risk.
Not seeking professional advice: Small business owners often make financial decisions without seeking the advice of a professional. This can lead to costly mistakes. To prevent this mistake, small business owners should seek the advice of a financial advisor or accountant before making important financial decisions.
By avoiding these common financial mistakes, small business owners can increase the chances of success for their company.
Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
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Financial Survival for Small Business Owners: Common Mistakes to Avoid and How to Protect Your Business
Building your business takes a lot of time, effort and money. This can be lost in the blink of an eye. Where the threats come from are not always obvious and even the obvious ones may cost more than you think.
HOW TO PROTECT YOUR SMALL BUSINESS MORE COST EFFECTIVELY
Controlling threats to your business you business can be expensive but try not controlling the threats to your business. That may cost you your business survival.
Protect your business from common and developing cyber risks
Rising To The Challenge Of Cyber Risk Management
Protect your business better from cyber risks with help of BusinessRiskTV. What is happening in the world of cyber risks? What are the emerging cyber risks which could impact on your business in future? What is the threat from interconnectivity?
Businesses must prepare for cyber risks which are changing in nature and the resulting business disruption costs financial damages and reputational damages are rising. Senior managers and executives need to develop their skills and cyber risk knowledge to manage the risks better.
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BusinessRiskTV Hackers News: Protecting Your Business in the Age of Cyber Threats
In today’s interconnected world, the threat of cyber attacks and hacking has become an ever-present concern for businesses of all sizes. The advent of advanced technologies and the widespread use of the internet have created new opportunities for hackers to exploit vulnerabilities and gain unauthorised access to sensitive information. In this article, we will delve into the BusinessRiskTV Hackers News and explore the importance of cybersecurity measures for protecting your business from potential threats.
The Rise of Cyber Threats
The past decade has witnessed a significant rise in cyber threats, with high-profile hacking incidents making headlines around the world. Cybercriminals employ various tactics, such as phishing attacks, malware, ransomware, and social engineering, to compromise computer systems and steal valuable data. These attacks can have severe consequences for businesses, including financial losses, damage to reputation, and legal implications.
BusinessRiskTV Hackers News: Stay Informed and Vigilant
To navigate the complex landscape of cybersecurity, businesses need to stay informed about the latest hacking trends and best practices for protection. BusinessRiskTV Hackers News serves as a valuable resource for professionals, providing updates on emerging threats, case studies, expert insights, and practical advice on safeguarding digital assets.
By following BusinessRiskTV Hackers News, organisations can stay ahead of potential threats and proactively implement robust security measures. This proactive approach is vital because, in the face of ever-evolving hacking techniques, businesses must continuously update their defenses to counter new threats effectively.
Understanding the Impact of Cyber Attacks
A cyber attack can have severe consequences for businesses. Apart from financial losses resulting from stolen funds or disrupted operations, organisations may face significant reputational damage. Customers and partners lose trust in businesses that fail to protect their sensitive information, resulting in potential long-term consequences for brand image and customer loyalty.
Additionally, the legal and regulatory landscape surrounding cybersecurity has become more stringent in recent years. Governments worldwide are enacting laws and regulations to hold businesses accountable for data breaches and privacy violations. Failure to comply with these regulations can lead to hefty fines and legal repercussions, further highlighting the importance of prioritising cybersecurity.
Developing a Comprehensive Cybersecurity Strategy
To mitigate the risks posed by cyber threats, businesses must develop a comprehensive cybersecurity strategy that encompasses both prevention and response. Here are some key elements to consider:
Risk Assessment: Conduct a thorough assessment of your organisation’s vulnerabilities and identify potential entry points for cyber attacks. This process involves analysing your IT infrastructure, networks, software applications, and employee practices to identify areas that require attention.
Employee Training and Awareness: Human error remains a significant factor in cybersecurity breaches. Educate your employees about best practices for data protection, recognising phishing attempts, and maintaining strong passwords. Regular training sessions and awareness campaigns can help foster a culture of cybersecurity within your organisation.
Secure Network Infrastructure: Implement robust security measures to protect your network infrastructure. This includes deploying firewalls, intrusion detection systems, and regularly updating and patching software and hardware.
Data Encryption: Encrypt sensitive data to ensure that even if it is accessed unlawfully, it remains unintelligible to unauthorised individuals. Encryption provides an additional layer of protection for your most valuable information.
Incident Response Plan: Develop a comprehensive incident response plan that outlines the steps to be taken in the event of a cyber attack. This plan should include processes for isolating compromised systems, notifying relevant parties, preserving evidence, and restoring operations.
Collaborating with Cybersecurity Experts
Given the complexity and evolving nature of cyber threats, businesses can benefit from partnering with cybersecurity experts. These professionals possess specialised knowledge and experience in identifying vulnerabilities, implementing effective security measures, and responding to cyber attacks. By leveraging their expertise, organisations can enhance their overall cybersecurity posture and respond more effectively to potential threats.
BusinessRiskTV Hackers News provides a platform for businesses to connect with cybersecurity experts and gain valuable insights into the latest trends and best practices. By engaging with this community, businesses can access expert advice, receive guidance on risk assessment and mitigation strategies, and stay updated on emerging technologies and solutions.
Furthermore, collaboration with cybersecurity experts can help businesses in the following ways:
Vulnerability Assessments: Experts can conduct comprehensive assessments of your systems and infrastructure to identify vulnerabilities that may be exploited by hackers. They can perform penetration testing, analyse your network architecture, and recommend specific measures to strengthen your defenses.
Security Solutions Implementation: Cybersecurity experts can assist in the selection and implementation of security solutions tailored to your business needs. This may include deploying advanced threat detection systems, intrusion prevention systems, endpoint protection tools, and secure data backup solutions.
Continuous Monitoring and Threat Intelligence: By leveraging the expertise of cybersecurity professionals, businesses can establish continuous monitoring systems that track network activity, detect anomalies, and proactively identify potential threats. Additionally, experts can provide real-time threat intelligence, ensuring that businesses are aware of the latest hacking techniques and can adapt their defenses accordingly.
Incident Response and Recovery: In the unfortunate event of a cyber attack, having cybersecurity experts by your side can significantly enhance your incident response and recovery capabilities. They can guide you through the process of containing the breach, mitigating damage, and restoring systems to normal operations. Their expertise can help minimise downtime and prevent further compromise.
In an era dominated by digital transformation and interconnectedness, the threat of cyber attacks is a constant concern for businesses. The BusinessRiskTV Hackers News serves as a valuable resource, providing businesses with up-to-date information, expert insights, and practical advice on cybersecurity measures.
By staying informed and implementing a comprehensive cybersecurity strategy, businesses can effectively mitigate the risks posed by cyber threats. Collaboration with cybersecurity experts further enhances their ability to protect sensitive data, maintain business continuity, and safeguard their reputation.
Remember, cybersecurity is not a one-time effort but an ongoing process. Businesses must continuously adapt and evolve their defenses to keep pace with the ever-changing threat landscape. By prioritising cybersecurity and leveraging the resources available through platforms like BusinessRiskTV Hackers News, businesses can proactively defend against cyber attacks and secure their digital future
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