Understand the growing threat of financial collapse
The Dangers to Businesses and People from Eurozone Bank Stress and Loan Defaults: An Expert Perspective
The Eurozone banking sector is facing a number of challenges, including rising interest rates, slowing economic growth, and increased loan defaults. These factors are putting stress on banks’ balance sheets and making it more difficult for them to lend to businesses and consumers. If these trends continue, they could lead to a financial crisis that would have severe consequences for businesses and people across the Eurozone.
The Impact of Eurozone Bank Stress on Businesses
Businesses rely on banks to provide them with the credit they need to operate and grow. When banks are under stress, they are more likely to tighten lending standards and raise interest rates. This can make it difficult for businesses to get the loans they need to invest in new equipment, hire new employees, and expand their operations. As a result, businesses may be forced to cut back on their spending, which can lead to slower economic growth and job losses.
In addition, businesses that are unable to obtain loans from banks may turn to riskier forms of financing, such as borrowing from high-interest lenders or taking on more debt. This can increase their financial risk and make them more vulnerable to economic downturns.
The Impact of Eurozone Bank Stress on People
People also rely on banks for a variety of financial services, such as checking and savings accounts, mortgages, and auto loans. When banks are under stress, they may reduce their hours of operation, close branches, and increase fees. This can make it more difficult for people to access the financial services they need.
In addition, if banks are forced to raise interest rates, this will make it more expensive for people to borrow money. This could lead to an increase in household debt and make it more difficult for people to make ends meet.
The Dangers of Loan Defaults
Loan defaults are a major concern for banks because they can significantly erode their capital. When a borrower defaults on a loan, the bank loses the money it lent out, and it may also have to pay legal fees and other expenses to collect the debt. This can quickly eat into the bank’s capital, which is the money it needs to operate and withstand financial shocks.
If banks are not able to maintain adequate capital levels, they may be forced to reduce their lending activities or even go bankrupt. This would have a devastating impact on the economy, as it would make it even more difficult for businesses and consumers to get the credit they need.
Policy Options to Address Eurozone Bank Stress
There are a number of policy options that could be taken to address Eurozone bank stress and reduce the risk of loan defaults. These include:
Providing additional regulatory capital relief to banks: This would help banks to build up their capital buffers and make them more resilient to financial shocks.
Encouraging banks to securitise their loans: Securitisation is a process of pooling loans together and selling them to investors as securities. This can help banks to reduce their exposure to individual borrowers and spread out their risk.
Implementing stricter lending standards: This would help to ensure that banks are only lending to borrowers who are able to repay their loans.
Improving the quality of credit data: This would help banks to make better lending decisions and reduce the risk of loan defaults.
Conclusion
Eurozone bank stress and loan defaults pose a significant threat to businesses and people across the Eurozone. If these trends continue, they could lead to a financial crisis that would have severe consequences. Policymakers need to take action to address these challenges and reduce the risk of a financial crisis.
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Navigating the Looming Storm: A Guide for Businesses in the Face of Rising Debt and Global Economic Uncertainty
The global economy is facing a confluence of challenges, including rising sovereign, commercial, and personal debt levels, coupled with the looming threat of a global recession in 2024. These interconnected issues pose a significant threat to businesses of all sizes, potentially leading to financial instability, reduced consumer spending, and disruptions in supply chains.
The Rising Debt Crisis: A Cause for Concern
Sovereign debt, the debt owed by governments, has reached unprecedented levels worldwide. According to the International Monetary Fund (IMF), global sovereign debt reached a staggering 238% of global GDP in 2022. This excessive debt burden has raised concerns about countries’ ability to repay their obligations, potentially triggering sovereign debt crises and economic turmoil.
Commercial debt, the debt owed by businesses, has also been on an upward trend, driven by factors such as easy access to credit and expansionary monetary policies. While moderate levels of debt can be a useful tool for financing growth, excessive debt can strain a company’s finances and increase its vulnerability to economic downturns.
Personal debt, the debt owed by individuals, has also reached record highs in many countries. This is partly due to factors such as rising student loan balances, increasing healthcare costs, and the expansion of consumer credit. High levels of personal debt can reduce household spending power, further dampening economic growth.
The Looming Recession: A Threat to Business Stability
Economists are increasingly concerned about the possibility of a global recession in 2024. This recession could be triggered by a number of factors, including rising interest rates, a slowdown in economic growth in major economies, and geopolitical tensions.
A recession would have significant implications for businesses, leading to reduced demand for goods and services, job losses, and increased financial distress. Businesses that are overly reliant on debt may find themselves struggling to service their obligations and could even face bankruptcy.
Preparing for the Storm: Protecting Your Business
In the face of these challenges, business leaders need to take proactive steps to protect their companies and ensure their resilience in the face of economic uncertainty. Here are some key strategies to consider:
Strengthen your balance sheet: Reduce debt levels, build up cash reserves, and improve your liquidity position. This will make your company more resilient to economic shocks and give you more flexibility in the event of a downturn.
Diversify your customer base: Don’t become overly reliant on any single customer or industry. Expand your market reach and develop new customer relationships to reduce your vulnerability to sector-specific downturns.
Focus on cost efficiency: Identify areas where you can reduce costs without compromising quality or customer service. This could involve streamlining operations, renegotiating contracts with suppliers, and adopting new technologies.
Enhance your supply chain resilience: Develop contingency plans to deal with disruptions in your supply chain. This could involve sourcing materials from multiple suppliers, diversifying transportation routes, and investing in inventory management systems.
Communicate effectively with stakeholders: Keep your employees, customers, and investors informed about your company’s plans and strategies. Transparency and open communication can build trust and confidence in your company during challenging times.
The rising debt crisis and the looming global recession pose significant challenges for businesses. However, by taking proactive steps
to strengthen their balance sheets, diversify their customer base, focus on cost efficiency, enhance supply chain resilience, and communicate effectively, businesses can increase their resilience and position themselves for success in the years to come.
Why the UK Cannot Complete Major Infrastructure Projects on Time and Within Budget
The UK has a long history of struggling to deliver major infrastructure projects on time and within budget. This has led to a number of high-profile delays and cost overruns, as well as a growing public frustration with the way in which infrastructure projects are managed.
There are a number of factors that contribute to the UK’s poor record on infrastructure delivery. These include:
A lack of long-term planning and strategic thinking. The UK government has often been accused of adopting a short-term approach to infrastructure planning, which has led to a lack of consistency and continuity.This has made it difficult to develop a long-term pipeline of projects that can be delivered efficiently.
A complex and fragmented procurement process. The UK’s procurement process is often complex and time-consuming,which can lead to delays and cost overruns. This is partly due to the fact that there is a lack of standardisation and consistency across different government departments and agencies.
A lack of expertise in managing large infrastructure projects. There is a shortage of skilled project managers in the UK, which can make it difficult to find the right people to lead and manage complex projects. This is compounded by the fact that many project managers in the UK are not properly trained or experienced.
A lack of political will to make tough decisions. The UK government has often been unwilling to make the tough decisions that are necessary to deliver major infrastructure projects on time and within budget. This is partly due to a fear of political backlash, but it is also due to a lack of understanding of the importance of infrastructure investment.
These factors have all contributed to a culture of risk aversion within the UK’s infrastructure industry. This has led to a focus on minimising risks rather than maximising value for money. As a result, projects are often over-engineered and over-specified, which leads to delays and cost overruns.
How to improve the UK’s record on infrastructure delivery
There are a number of things that the UK government can do to improve its record on infrastructure delivery. These include:
Develop a long-term infrastructure plan. The UK government needs to develop a long-term infrastructure plan that sets out the country’s infrastructure needs for the next 20 to 30 years. This plan should be based on a clear understanding of the country’s economic and social needs, and it should be regularly reviewed and updated.
Streamline the procurement process. The UK government needs to streamline the procurement process to make it more efficient and transparent.This could be done by standardising procurement procedures across different government departments and agencies, and by making more use of technology.
Invest in training and skills development. The UK government needs to invest in training and skills development to ensure that there is a sufficient supply of skilled project managers. This could be done by supporting professional development programs and by providing funding for apprenticeships and other training initiatives.
Make tough decisions. The UK government needs to be willing to make the tough decisions that are necessary to deliver major infrastructure projects on time and within budget. This includes making decisions about project scope, risks, and procurement.
Focus on value for money. The UK government needs to focus on value for money when delivering infrastructure projects. This means ensuring that projects are delivered to the highest possible standard, while also ensuring that they are delivered on time and within budget.
Improve project management practices. The UK government needs to improve project management practices across the public sector. This could be done by providing training and support to project managers, and by developing and implementing project management standards.
Increase investment in infrastructure. The UK government needs to increase investment in infrastructure. This will help to address the country’s infrastructure deficit and create jobs.
Publicly disclose project details. The UK government needs to publicly disclose all project details, including costs, risks, and timelines. This will help to improve transparency and accountability.
Appoint a dedicated infrastructure minister. The UK government needs to appoint a dedicated infrastructure minister who will be responsible for overseeing the delivery of all major infrastructure projects.
By taking these steps, the UK government can improve its record on infrastructure delivery and ensure that future projects are delivered on time and within budget.
In addition to the above, I would also like to add that the UK government needs to adopt a more collaborative approach to infrastructure delivery. This means working more closely with the private sector, as well as with local communities. By working together, the government and the private sector can share risks and expertise, and develop innovative solutions to infrastructure challenges.
The UK government also needs to be more open to using new technologies, such as modular construction and 3D printing. These technologies can help to reduce the time and cost of delivering infrastructure projects.
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If your business risk management strategy is to not take risks it is likely that your business will die quickly or slowly, but fail it will
The consequences of not taking risks in business is that your risk control costs will make your business uncompetitive in your marketplace, or you will miss business opportunities to grow faster. The risk of doing nothing is an inevitable death of your business. Intelligently taking more risk can mitigate the risks not working out and boost the return on your investment of time and money in your business. Take a business risk with more confidence with BusinessRiskTV.
The biggest risk is taking no risk at all
Business leaders have to take risks to survive and prosper in their chosen marketplace. This does not mean business leaders should be reckless. It just means they need to be mindful of the key business risks that do impact on the objectives of the business.
Failing to plan does mean you are planning to fail. However even the best laid business plan can fail when exposed to the vagaries of the business marketplace. Your business risk management plan needs to be flexible and it needs regular reviewing to ensure it is working efficiently.
The best risks to take are the ones you can direct into your favour. Luck will always play its part in risk taking, but you can take risk with confidence if you have the right risk management process embedded in your business decision-making.
Why taking no risk is the biggest risk
The world of business is changing at an ever faster rate. Children born today will do jobs that have not even been invented yet.
It is often said that me learn more from our mistakes than from our successes. Not taking risks may mean you make fewer mistakes, but you may also miss the opportunities to grow faster from ways you could not have envisaged prior to taking a risk. Taking a known risk, even if you don’t know all the possible outcomes, can teach you something that can drive your business forward faster. Without business risk there is no innovation in business. Being good at taking risks means you can optimise your business performance.
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What is the most efficient way to manage your potential risk events?
Why is it important that your risk management strategy is dynamic?
Why is your risk management strategy important for your business performance?
If you get your business risk management strategies right you will build in business resilience for any business risk events. If you get your business risk management strategies wrong your business performance may falter at best or your business may suffer fatal catastrophic collapse at worst.
Business risk management strategies for dealing with unpredictable risk events
Is a risk management strategy possible for all your key risk events? Can you predict what will happen to your business in future and therefore prepare your business for all key risk events?
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If you identify all the key threats and opportunities for your business plans you can make the most efficient use of your limited resources to prepare for all risk management actions.
Having a dynamic risk management strategy will meet your future risk management needs
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Dealing with unpredictable future requires dynamic risk assessment process. Your key risk assessments are ongoing not a one-off exercise.
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Inform your business business decision making in an unpredictable business environment with business risk management news opinions and reviews. Learn from business risk management experts and industry leaders during online business risk management workshops. Network with leaders in business to grow and protect your business better. Find a business mentor or partner to support your business growth in uncertain times. Create a dynamic business strategy to seize new business opportunities before your competitors. Ensure your risk management process is able to manage key threats and opportunities optimally.
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Focusing your limited business resources on key business threats maximises your business resilience and minimises risk of business interruption or even catastrophic failure. Fulfill your business targets more easily with better business risk management. Stop wasting time and money on unnecessary business losses. Maximise your profit.
Learn how to cope better with threats to your business plan with BusinessRiskTV
Identify assess and manage the biggest threats to your business.
Can we eliminate threats? Unlikely that most key threats of being in business can be eliminated. However most can be mitigated or minimised. With limited time and money for risk management, we need to focus our resources on threats that will bring greatest return.
How do you change threats to opportunities? During the business risk management process you will realise that not only can you reduce threat from bad risk events but you will identify new ways of doing things that will enable you to seize new business growth opportunities.
What are the threats of a business? The key threats to manage are the ones that could impact on your business objectives. Within the same industry, one business can have different key threats that need to be managed differently from a competitor in same business. Your business risk management plan needs to be bespoke to your business.
How do you deal with opportunities and threats? Your business risk management strategy should encompass both threats and opportunities not just threats to maximise benefit of time and money invested in enterprise risk management methodology.
How to manage threats to your business
We provide a range of risk management services to help inform your business decision making process. From providing business risk management news opinions and risk reviews to business risk management mentoring and training to enterprise risk management audits.
External Threats and Internal Threats To A Business
Some threats come from outside your business. Other business threats come from within. Knowing what you can and cannot control is part of developing the best business risk management strategy for your business. You need to look outwards to the horizon to fully assess external business risk drivers. You need to look deep inside your own business to appropriately and adequately assess the real risks within your business.
What are the major opportunities and threats in your business you can expect to experience
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Which of the company’s strengths can be used to take advantage of the identified opportunities
Make sure you make full use of your business strengths to fully exploit your opportunities for faster business growth.
Find out how to identify assess and manage business risks better with BusinessRiskTV
Managing opportunities and risks better with BusinessRiskTV. Business opportunities come with business risks. External and internal risk drivers will impact on business objectives negatively and positively. Controlling business risks and opportunities can secure greater business success and build stronger business resilience. Identify assess and control business risks better with articles and videos on BusinessRiskTV. Monitor business risks to your business objectives to protect and grow your business faster.
What are the risk and opportunities in business
Managing business risks is a critical business issue all business leaders face. However not all business leaders face the same business risks. Similar businesses can have the same business risks but may have different resources deployed in business risk management. Opportunities for business leaders to grow their business fast are always available to you if you look and take the best course of action. Understand the top business risks facing your business with help tips and support from BusinessRiskTV
Connect with key business leaders and business management experts to find the secrets to solving your business problems. Find out how to help your business survive current and future business risks. Be more confident about your ability to survive any risk event.
How do you ensure business survival
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Prevent your business succumbing to known and unknown business threats.
Review your business costs to develop more business resilience.
Develop contingency plan to continue regardless of risk events.
Standing still May threaten your business survival. You therefore need to identify cost effective ways to grow your business faster.
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Taking Risks To Achieve More In Business With BusinessRiskTV
Do not manage your business from the stand point of fear of business risks. Overcoming fear in business starts with improving your ability to inform your decision-making. With less risk information you have more uncertainty. Increased uncertainty increases negative impact on your business objectives.
Success normally comes from taking controlled risks not hunkering down, crossing fingers or hoping it will work out for you
Risk Appetite and Risk Tolerance
Even if you do not seek business risks, they will find you! Risk taking is part and parcel of the job description of business leaders. Most business leaders seek greater rewards from their business. Greater rewards normally come from taking on more risk. Taking on more risk does not automatically mean you need to take on a higher level of risk. If you control the risks you take on the net level of risk can remain the same, but the rewards can be greater.
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Learn how to improve your business decision-making capability to boost your business performance
Increase the chance of success in business by improving the quality quantity and speed of your decisions. Improve your decisions by improving the risk information at your disposal and the risk management tools and techniques you use to help you make decisions.
Inform your options in business decision-making. Explore your perception of real risks to your business. Concentrate your resources on best business opportunities.
Identify the sources of threats to your business objectives
Use tools and processes to assess the risks to your business
Manage strategic operational and project risks better
Define what the significant risks to your business objectives are. Risk management can help you take sound business decisions to build your business resilience to grow your business faster with less uncertainty. Manage the risks that could present a barrier to your business survival or continued business growth. Evaluate the adequacy of your business risk management plan and risk management process.
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Strategic Decision Making For Business
How to make better strategic decisions for your business if you are business leader
Maximise Your Business Success: Proven Strategies for Better Strategic Decision-Making for Business Leader
Making better strategic decisions for your business can be challenging, but it is essential for its success. Business leaders play a crucial role in creating and executing strategies that drive growth, competitiveness, and profitability. Here are a few tips to help you make better strategic decisions for your business:
Start with a clear vision: Having a clear vision of where your business is headed is critical. It helps you set your priorities and make decisions that align with your goals. Make sure your vision is realistic, achievable, and inspiring.
Gather data and insights: Gather data on your market, customers, competitors, and your own performance to inform your decision-making. Use tools like market research, customer surveys, and data analytics to get insights into the trends and patterns affecting your business.
Consider multiple options: Don’t limit yourself to a single strategy. Instead, consider multiple options and weigh their pros and cons. Encourage your team to bring new ideas to the table and consider them seriously.
Seek feedback from key stakeholders: Before finalizing a decision, seek feedback from key stakeholders, including employees, customers, partners, and suppliers. Their input can help you make informed decisions that take into account the perspectives of those who are affected by them.
Create contingency plans: Anticipate potential risks and prepare contingency plans to minimize their impact. This helps you mitigate risks and be prepared for any eventualities that may arise.
Stay flexible: The business environment is constantly changing, so be prepared to adjust your strategy if necessary. Stay open-minded, monitor the situation closely, and be ready to pivot when circumstances require it.
Communicate effectively: Effective communication is critical to the success of any strategy. Ensure that everyone understands the strategy and their role in executing it. Regularly communicate progress, changes, and updates to keep everyone informed and engaged.
In conclusion, making better strategic decisions for your business requires a combination of vision, data, collaboration, contingency planning, flexibility, and effective communication. As a business leader, it’s up to you to set the tone and lead by example in making informed, strategic decisions that drive your business forward.
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There are many ways to improve your business performance. Are you suffering interruptions to your normal business trading ability? Could you be missing opportunities to increase your online sales? Are you really making your existing assets and resources work productively and efficiently?
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Do not tar Lloyds bank with the same toxic brush of the UK banking industry
People think Lloyds bank is a big bad bank that was part of the financial crisis of 2008. Lloyds bank was in fact one of the hero’s of the financial crisis. Lloyds bank saved the Halifax brand including the Bank Of Scotland whose executives were the real baddies along with the Royal Bank of Scotland now Natwest. By saving the Halifax plc group of bank brands it helped stop the implosion of the UK economy.
If Lloyds bank had not stepped in when it did, Halifax plc group of bank brands would have collapsed and a major domino would have irreparably damaged the UK economy. If we thought it was bad economically with austerity and job losses in UK, without Lloyd’s intervention to takeover Halifax plc it would have been catastrophic. Anarchy on the streets would have resulted and the UK would have entered a period of lifespan that would have been worse than World War 2. We came back economically after Word War 2. If Lloyd’s bank had not stepped in the UK would be more like Venezuela now.
From the financial crisis Lloyds Bank has tried hard to make matters worse including but not limited to PPI scandal where more than £20 billion pounds worth of shareholder value was destroyed. Incompetent greedy executives poorly directed employees to make repeated missteps post financial crisis 2008 to make matters worse. Added to this Lloyds bank has had to manage the risks from external sources including Brexit and Covid-19 pandemic.
However Lloyds bank is now very far from the perceived bad bank it had become. Prior to the 2008 financial crisis Lloyds bank was a boring bank. Investors loved the fact it was a traditional boring bank. It’s share price was £6 plus and it paid out relatively gigantic dividends every year to support pension funds, pensioners and other investors. Lloyds bank had no choice but to take over basket case Halifax plc. If Lloyds bank did not takeover Halifax plc basket of bank brands it is likely that Lloyd’s bank would have collapsed due to the domino effect. As Halifax plc and Royal Bank of Scotland folded they would have swamped the position of Lloyds bank as the UK economy went into a nosedive it is unlikely to have recovered from for many decades, if ever.
The only positive for Lloyds bank’s takeover of Halifax plc bank brands is that in all other circumstances Lloyds bank would never have been allowed to takeover Halifax plc by the UK competition authorities. Lloyds would have become too powerful in the marketplace. As it is, the only real risk to Lloyds bank is that it could be broken up as it is too dominant in for example the mortgage market.
Lloyds is the biggest player in the UK mortgage market. In a marketplace where the UK housing market is booming a share price of less than £0.45 is a joke!
Lloyds bank has come through the PPI scandal. Having destroyed shareholder value in the past, the laws have been changed to largely cap any future payouts under the PPI heading.
Brexit has now happened. Whether this is good or bad for the UK economy depends on which half of the UK adult population stand on Brexit. What is perhaps clear is that if it is going to impact negatively on the UK business community it is not going to be catastrophic. It may even been hugely beneficial to UK businesses. Lloyds bank will not be significantly impacted negatively by Brexit and may be impacted on the positive side.
The Covid-19 pandemic is far from over. However the UK vaccination programme and its likely adaptation to combat virus variations means the UK economy is now through the worst. The only question is how good will the future be? Lloyds bank can easily navigate the future risks if, as it has done, navigated the worst of the pandemic in the UK.
Another enterprise risk management article looks at the UK economy as a whole in the spring of 2021. Essentially most things point to exceptional UK economic growth through 2021 and 2022. Lloyds bank is perhaps uniquely placed to take advantage of any such economic growth. Its strategy is based on making money from UK consumer and UK business confidence and growth, both of which are at record all time highs.
If interest rates rise it will give all banks more opportunities to be profitable. With UK interest rate at record low of 0.1 percent banks will win from interest rate rises. Interest rates are not going to go negative.
Unemployment in UK is a key threat to UK banks. However many predict the UK unemployment is not going to be any way near as bad as was feared due to pandemic. Indeed if the vaccination roll out continues as hoped, unemployment rates are likely to be slightly above pre-pandemic levels. Certainly not at levels that would threaten Lloyds bank profit.
Lloyds bank has comparatively high profit margin compared to many UK banks so is more protected from downside risks.
UK consumers have paid off debt and saved more during the pandemic. When their spending power is fully unleashed on the UK economy post June 2021 the UK is going to see an economic growth not experienced since post World War 2 period. Lloyds bank is ideally placed via mortgage and non-mortgage lending to take advantage of this revitalisation of UK economy.
Lloyds bank was never the bad bank. It had to takeover the greedy and incompetent at Halifax plc. During that process it has had to manage internal and external risk drivers. It is likely that Lloyds bank’s worst days are behind it. Lloyds bank would have to work really hard to screw up its current opportunities for exponential growth.
Understanding holistic risk management including reputation, technology and insurance in managing business risks
Tesla CEO Elon Musk said in January 2021 that he anticipates huge profits from Tesla Full Self-Driving Software which he thinks is more reliable than human beings driving. Two men have died after a 2019 Tesla Model S, which is believed to be operating without anyone in driver’s seat, crashed on 17th April 2021 killing both occupants. One was believed to have been in passenger seat in front, and the other in one of rear car seats. “There was no one in the driver’s seat, ” Sgt Umanzor of the Harris County Constable Precinct 4 said.
USA auto safety agency reported in March 2021 it was investigating 27 accidents involving Tesla vehicles. Tesla self driving technology is a unique selling point that is critical to the success or failure of Tesla business model.
Seize the new business opportunities. Mitigate the technology risks potentially threatening your business.
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Risk Profile v Risk Appetite – Risk tolerance vs risk appetite is important to understand. If you do not know what your risk profile is you cannot manage your business risks better. Could you increase your appetite for risk to achieve more business success? What is your risk tolerance?
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Understanding and Managing Risk Better – A better way to manage business enterprise risk. Risk management courses distance learning. Develop better business risk management plan. Discover best enterprise risk management online training courses for your needs. Risk management courses UK and overseas. Join like minded senior managers executives and risk management practitioners. Learn how to manage business enterprise risk management risks better. Save money and time with BusinessRiskTV. Search for tips on developing your improved business risk management plan.
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Exploring consequences of poor risk management with BusinessRiskTV
There are often good reasons for poor risk management. That does make poor risk management acceptable. Causes of poor risk management are varied. They include poor risk management culture, an inadequate enterprise risk management framework with accepted risk owners and risk supervisors as well as lack of effective enterprise-wide risk assessment process.
We believe there are business experts out there who want to improve the quality of enterprise risk management. Our introductory risk management toolbox talks are designed to open up your mind to more innovative ways to doing more business with less uncertainty. If you like our approach, you will have the opportunity to become a member of BusinessRiskTV for 12 months to protect your business better and grow your business faster.
Failure To Manage Enterprise Risks Vs Failure Of Risk Managers Risk Management Toolbox Talk
In this context we do not just mean people with Risk Manager in their job title. We mean people who should take ownership of specific key enterprise risks as well as the people charged with monitoring or supervising risks including making sure risk management is embedded within the day to day activities of the business or enterprise.
Do you know if your business is making good or bad enterprise risk management decisions? Pandemic risk management is a good example of good and bad risk management – under pressure we make good and bad decisions. Every day pre-pandemic managers of business risk are under pressure. Post-pandemic managers of risk will remain under pressure.
This enterprise risk management toolbox talk focuses on understanding business risks better and how to make better business decisions to build business resilience and boost business performance. Because your time is so valuable we will complete our introduction to better enterprise risk management in no more than 30 minutes.
Title: Failure To Manage Enterprise Risks Vs Failure Of Risk Managers Date: Wednesday, 6th January, 2021 Time: 5:00-5:30 p.m. GMT Speaker: Keith Lewis, BusinessRiskTV
In this enterprise risk management toolbox talk we will cover:
Taking personal ownership of enterprise risks.
Understanding the true level of risk facing your business.
Identifying risk management action to protect your business better and grow it faster.
Save the date for introduction to how to improve your management of business risks to boost your business resilience and performance.
Participants at introductory online risk management toolbox talk can also put themselves forward as business risk experts at future more advanced online workshop events to share your expert business knowledge and promote their business interests. Are you a risk management expert in your country, industry or specific risk topic? Get in touch with us if this is you.
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Sign up for our introduction to international trade risk analysis assessment and management with help of BusinessRiskTV and its risk expert network
Risk Management Toolbox Talk Exploring Barriers To And Opportunities From International Trade
What could cause the opening or closing international trade marketplace? The closing or opening of international trade to your business is perhaps at a recent high level of uncertainty. What elements of international trade threaten your business? What events could open up new opportunities to your business? How do you manage the risks better? Mitigate the threats impacting on your business success. Enhance the beneficial outcomes for your business of international trade.
Online workshop is an introduction to BusinessRiskTV online risk management service to help business leaders make key business decisions to manage threats and opportunities better.
The opening or closing of international marketplace to all who wish to participate is a moving feast. Changes in threats and opportunities can arise based on sudden economic, geopolitical and technology risks in particular.
Managing risks from international trade may be limited to mitigating threats, or harnessing and enhancing the benefits from international trade. It may be impossible to influence whether risk events occur or not. However, exploring the threats and opportunities may be critical to your business success.
Being the first mover may be just as important. The first businesses to act tend to carry the greatest risks and rewards. If you are to act first you may need help from risk experts to improve your business intelligence and international trade risk knowledge.
Benefits include:
Limiting losses
Maximising sales profit
Grow faster with less uncertainty
Opening the enterprise risk management process of identifying analysing and assessing to international trade risks. Working on overcoming international trade barriers. Exploring a risk profile of a company and international trade risks. Developing an enterprise risk management implementation road map to stronger business resilience and expansion. Starting to understand how to overcome trade barriers including supply chain risk management. Identifying solutions to international trade problems. Opening the door to further risk workshops with an introduction to international trade risk awareness training and enterprise-wide risk management solutions.
Pay below via Paypal to secure your place on our online risk management workshop.
Who should attend?
Business leaders, business owners, executives and senior managers as well as risk professionals.
How to attend online risk management toolbox talk on
Title:
Uncertainty of international trade expanding or contracting
In this this essential risk management toolbox talk we will cover the key international trade risks potentially impacting on your business including:
Geopolitical Risks
Global Economy Risks
Technology Risks
Save the date for an insight into international trade risk management
Pay fee online via secure third party payment service Paypal who do not inform us of your full account details. We will email you the Zoom video conferencing joining instructions no later than 24 hours before the workshop begins.
As a special offer you will be able to redeem your non-member payment of £20 against your first year’s subscription fee for BusinessRiskTV Pro Risk Manager for 12 months. Membership of BusinessRiskTV opens up Pro Risk Manager service benefits include huge discounts off products and services such as further training, online business coaching and advertising costs. BusinessRiskTV membership provides opportunity to continue corporate risk analysis, assessment and management business intelligence as well as option to collaborate with global risk management experts to improve your ability to manage your business better.
Post introductory online risk management toolbox talk on 15th January 2021, members and non-members of BusinessRiskTV will also be given opportunity to collaborate in future online advanced workshop sessions. These sessions will further explore how business leaders around the world can collaborate specifically on overcoming barriers to international trade, both theory and practice. These advanced workshops sessions will aim to increase international trade by participants. Workshop participants will share expert knowledge and practical business development tools. The introductory online fee will be used to reduce the cost of more advanced sessions by participants.
Participants at introductory online risk management toolbox talk can also put themselves forward as international trade risk experts at future more advanced online workshop events to share your expert knowledge and promote their business interests. Get in touch with us if this is you.
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Understand your enterprise risk profile to make better decisions. Develop new risk management strategies to help you navigate uncertainty easier and cheaper. Understand the relationship between business risk management and insurance. Create an enterprise risk management road map to boost business resilience and improve performance. Improve your enterprise risk analysis. Sign up with business risk assessment coach to find our where you are now and work towards where you want to get to.
Affordable Online Small Business Coaching Packages | eBusiness Mentor Service
Unlock your business potential with BusinessRiskTV.com’s eBusiness Mentor Service! Our tailored online small business coaching packages provide affordable, one-on-one mentorship designed specifically for entrepreneurs. Benefit from practical tools and techniques to accelerate your growth and navigate challenges effectively. Whether you’re starting a new venture or looking to expand your established business, our flexible coaching blocks allow you to choose the support you need. Gain insights from experienced business coaches and transform your approach to risk management and decision-making. Invest in your success today – sign up for our coaching packages and join a community of thriving small business leaders at BusinessRiskTV.com!
A flexible small business coaching package is affordable and delivered online
Business coaches for entrepreneurs. Use our eBusiness Mentor Service. Online small business coaching packages are tailored to your business priorities. Start or grow your small business with help from small business coach. ebusiness coaching mentoring provides practical tools and techniques to grow your business faster. A one to one business mentor will work with you to help you achieve greater success quicker. Get more out of your investment of time and money in your business. Every small business coaching package is arranged in blocks. You can buy more support if it works for your business.
Discover the best small business coaching package for your business.
Guide On Saving A Struggling Small Business With BusinessRiskTV
Struggling Small Business Guide
A Guide to Saving a Struggling Small Business in the UK
Small businesses play a crucial role in the UK economy, contributing to job creation, innovation, and local communities. However, even the most resilient businesses can face challenging times. Economic downturns, unforeseen circumstances, or poor management can lead to a struggling business. If you find yourself in this situation, it’s essential to take proactive steps to turn the tide and revitalise your small business. In this guide, we will explore strategies to save a struggling small business in the UK and set it on a path towards success.
Assess the Current Situation: To save a struggling small business, the first step is to conduct a thorough assessment of its current situation. Start by analysing your financial records, including cash flow statements, profit and loss statements, and balance sheets. Identify areas where costs can be reduced or revenue can be increased. Look for patterns or trends that indicate underlying issues. Additionally, assess your business’s market position, competition, and customer feedback to gain insights into areas that require improvement.
Develop a Turnaround Plan: Once you have a clear understanding of your small business’s challenges, it’s time to develop a comprehensive turnaround plan. This plan should outline specific objectives, strategies, and tactics to address the identified issues. Consider the following key elements:
a) Financial Restructuring: Explore options for debt consolidation, renegotiating contracts, or seeking additional financing. Develop a realistic budget and cash flow forecast to ensure financial stability.
b) Operational Efficiency: Streamline operations by identifying inefficiencies, eliminating redundant processes, and optimising resource allocation. Look for ways to reduce overhead costs without compromising quality.
c) Marketing and Sales: Evaluate your marketing and sales strategies. Identify target markets, refine your value proposition, and leverage cost-effective marketing channels. Enhance customer engagement and explore new avenues for revenue generation.
d) Customer Experience: Focus on improving customer satisfaction by delivering exceptional products or services. Encourage feedback, implement suggestions, and address any issues promptly. Cultivate customer loyalty and retention through personalised experiences.
Seek Professional Advice: In challenging times, seeking professional advice can provide valuable insights and guidance. Consider engaging the services of a business consultant, accountant, or financial advisor experienced in turnaround strategies. They can help you analyse your business, identify blind spots, and offer tailored solutions. Additionally, they may provide recommendations on accessing government support schemes or grants designed to assist struggling businesses.
Embrace Innovation and Adaptation: In a rapidly changing business landscape, embracing innovation and adaptability is crucial. Identify opportunities to diversify your offerings or enter new markets. Stay up to date with industry trends and technological advancements that can enhance your competitive edge. Explore digital transformation initiatives, such as e-commerce integration, online marketing, or process automation. By continuously evolving, you can keep your business relevant and resilient.
Engage and Motivate Employees: Your employees are vital assets in turning around a struggling small business. Engage them in the turnaround process by fostering open communication, transparency, and a shared sense of purpose. Encourage their creativity and input, as they may offer valuable suggestions for improvement. Recognise and reward their efforts to boost morale and motivation during challenging times. Provide training and development opportunities to enhance their skills and adapt to changing business needs.
Monitor Progress and Adjust: Implement key performance indicators (KPIs) to monitor the progress of your turnaround plan. Regularly review financial and operational metrics to gauge the effectiveness of your strategies. Stay agile and be prepared to adjust your plan based on emerging trends or unforeseen circumstances. Learn from both successes and failures, and continuously refine your approach to ensure sustainable growth.
Saving a struggling small business in the UK requires a proactive and strategic approach. By assessing the current situation, developing a comprehensive turnaround plan, seeking professional advice, embracing innovation, engaging employees, and monitoring progress, you can increase the chances of revitalizing your business and setting it on a path towards success.
Remember that turning around a struggling business takes time, effort, and resilience. It requires a willingness to adapt to changing market conditions, make tough decisions, and implement necessary changes. Be open to feedback, stay focused on your objectives, and remain flexible in your approach.
Furthermore, don’t hesitate to leverage available resources and support networks. The UK government provides various initiatives, grants, and support schemes for struggling businesses. Stay informed about these opportunities and explore how they can assist you in your turnaround efforts.
Lastly, remember that you are not alone. Seek support from fellow entrepreneurs, industry associations, or business networks. Sharing experiences and learning from others who have successfully navigated similar challenges can provide valuable insights and inspiration.
While saving a struggling small business is undoubtedly challenging, it is not impossible. With determination, strategic planning, and a willingness to adapt, you can overcome obstacles and breathe new life into your business. By implementing the strategies outlined in this guide and seeking the necessary support, you can set your small business on a path towards long-term viability and success.
Remember, every setback is an opportunity for growth and improvement. Stay committed, stay focused, and never lose sight of your vision for your small business.
Empowering Small Businesses Through Tailored Coaching Packages
Starting and growing a small business can be both an exhilarating and challenging journey. With numerous responsibilities and ever-evolving market dynamics, entrepreneurs often find themselves navigating a landscape filled with uncertainty. This is where BusinessRiskTV.com steps in, offering flexible and affordable online small business coaching packages designed to meet the unique needs of each entrepreneur.
The Need for Small Business Coaching
Understanding the Challenges
Small businesses face a myriad of challenges that can hinder their growth and success. From managing finances and marketing to navigating regulatory requirements and competitive pressures, entrepreneurs must juggle multiple tasks. Often, they may lack the necessary experience or resources to tackle these challenges effectively. This is where a business coach can make a significant difference.
The Value of Coaching
A business coach serves as a mentor, guide, and strategist, helping small business owners develop the skills and knowledge necessary to overcome obstacles. With tailored coaching, entrepreneurs can gain fresh perspectives, practical tools, and actionable strategies to enhance their business performance.
Introducing Our eBusiness Mentor Service
At BusinessRiskTV.com, we offer an innovative eBusiness Mentor Service that provides personalised coaching for small business leaders. Our online coaching packages are designed to be flexible, affordable, and easily accessible, ensuring that entrepreneurs can receive the support they need, no matter where they are located.
Key Features of Our Coaching Packages
1. Tailored Approach: Each coaching package is customised to align with your specific business priorities and goals. This ensures that you receive the most relevant and impactful guidance.
2. One-on-One Mentorship: You will work directly with an experienced business mentor who will focus on your unique challenges, providing insights and strategies that drive success.
3. Practical Tools and Techniques: Our coaching packages equip you with actionable tools and techniques to implement immediately, allowing you to grow your business faster.
4. Flexible Blocks of Sessions: Our coaching is arranged in blocks, giving you the flexibility to purchase additional support as needed. This allows you to scale your coaching experience according to your business’s evolving requirements.
5. Affordable Investment: We understand the financial constraints small businesses often face. Our coaching packages are designed to be budget-friendly, ensuring you can invest in your growth without breaking the bank.
How Our Coaching Packages Work
Initial Consultation
Your journey begins with an initial consultation where we assess your current business landscape. During this session, we identify your primary challenges and establish a clear set of goals. This foundational step allows us to customise your coaching experience effectively.
Structured Coaching Sessions
Our coaching packages typically consist of a series of structured sessions. Here’s how it works:
1. Identifying Goals: In the early sessions, we work together to define your business objectives and outline a roadmap to achieve them.
2. Strategic Planning: We delve into strategic planning, analysing your business model, target market, and competitive landscape. This helps in creating a solid plan for growth.
3. Practical Implementation: As we progress, we focus on implementing strategies and tools that facilitate growth. This includes marketing techniques, financial management strategies, and operational improvements.
4. Ongoing Support: You will have access to ongoing support through additional sessions, allowing for continuous improvement and adjustment of strategies as your business evolves.
Flexible Coaching Blocks
Our coaching packages are arranged in flexible blocks, allowing you to choose the number of sessions that best fits your needs. If you find that you require more support, you can easily purchase additional blocks to continue your mentoring journey.
Benefits of Our Small Business Coaching Packages
Accelerated Growth
By leveraging the expertise of a business coach, small business owners can accelerate their growth trajectory. Coaches provide the insights and strategies needed to make informed decisions quickly, enabling businesses to capitalise on opportunities faster.
Enhanced Accountability
Having a business mentor fosters a sense of accountability. Regular check-ins and goal-setting sessions encourage entrepreneurs to stay focused on their objectives, making it easier to track progress and make necessary adjustments.
Improved Decision-Making
Coaching provides small business leaders with access to a wealth of knowledge and experience. This guidance enhances decision-making capabilities, allowing entrepreneurs to navigate challenges more effectively.
Networking Opportunities
Through our coaching programme, entrepreneurs gain access to a network of like-minded individuals. This community can offer additional support, resources, and opportunities for collaboration, further enriching the coaching experience.
Who Can Benefit from Our Coaching Packages?
New Entrepreneurs
For those just starting their entrepreneurial journey, our coaching packages offer essential guidance. New business owners can benefit from mentorship that helps them navigate the early stages of business development, laying a strong foundation for future growth.
Established Small Business Owners
For established businesses, our coaching can help refine existing strategies and explore new growth opportunities. Coaches can provide insights into market trends, operational efficiencies, and innovative approaches to expand your business.
Non-profit Organisations
Our coaching services are not limited to for-profit businesses. Non-profit organisations can also benefit from our tailored coaching, helping them improve their operations, fundraising strategies, and community impact.
Success Stories from Our Clients
To illustrate the impact of our coaching services, let’s explore some success stories from clients who have experienced transformative growth through our eBusiness Mentor Service.
Case Study: Tech Startup Growth
Client: Jane D., Founder of a Tech Startup
Challenge: Jane launched her tech startup but struggled with market positioning and attracting customers.
Coaching Impact: Through tailored sessions, Jane identified her target audience and refined her marketing strategy. She implemented actionable steps provided by her coach, resulting in a 150% increase in customer acquisition within six months.
Case Study: Non-profit Expansion
Client: Mark T., Director of a Non-profit Organisation
Challenge: Mark’s organisation faced challenges in fundraising and community engagement.
Coaching Impact: With guidance from his business mentor, Mark developed a comprehensive fundraising strategy and enhanced community outreach efforts. Within a year, the organisation doubled its funding and increased volunteer participation by 40%.
Case Study: Retail Business Revamp
Client: Linda K., Owner of a Local Retail Store
Challenge: Linda faced declining sales and increased competition from online retailers.
Coaching Impact: Through targeted coaching sessions, Linda revamped her business model, incorporated e-commerce, and improved customer service. As a result, her store saw a 30% increase in sales over the following year.
Getting Started with BusinessRiskTV.com
How to Sign Up
Joining our eBusiness Mentor Service is simple. Explore our coaching packages with one of our consultants. You can choose the option that best fits your needs and schedule your initial consultation. Our team will guide you through the process, ensuring a seamless experience.
Choosing Your Coach
We understand that the right coaching relationship is critical to your success. At BusinessRiskTV.com, we take the time to match you with a mentor whose expertise aligns with your business goals. This personalised approach ensures that you receive the most relevant guidance.
Flexible Scheduling Options
Our online platform allows for flexible scheduling, making it easy to fit coaching sessions into your busy calendar. Whether you prefer morning or evening sessions, we strive to accommodate your needs.
Conclusion
Starting and growing a small business is an exciting journey filled with challenges and opportunities. With the right support, entrepreneurs can navigate the complexities of business management and achieve greater success.
BusinessRiskTV.com offers flexible, affordable online small business coaching packages that empower you to take control of your business’s future. Our eBusiness Mentor Service provides tailored guidance, practical tools, and one-on-one mentorship to help you grow your business faster and more efficiently.
If you’re ready to invest in your business’s success, explore our coaching packages today and discover how BusinessRiskTV.com can help you turn your entrepreneurial dreams into reality. Join our community of empowered small business leaders and start your journey towards success!
Making the most from the opportunities posed by the coronaviRus pandemic with BusinessRiskTV
Hopefully not all the effects of the coronavirus pandemic will ever be over. The pandemic has given the world a stop clock to look at life in business in other ways. Hopefully a vaccine will be developed to stop people dying but we have been given a once in a century opportunity to change for the better.
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[ninja_forms id=1]
We may actually need more than one vaccine
Covid19 should really morph into something less or more deadly to survive and prosper so wherever we are we are a long way from returning to normal.
Instead of returning to normal and life in business being forever harder it could be easier and better.
BusinessRiskTV
It is looking more likely that our leaders want to get back to business as usual not Business 2.1. This is understandable in terms of the complexity of getting over the worst of the pandemic. However all disasters present opportunities to change to transform into a better version of life in business.
For example around 40 percent of people in UK are still working from home compared to prepandemic rate of around 12 percent. One effect of this is to increase cost of working in short term but could it mean reduced costs of working in long term. Was it really necessary for so many people to commute to an office to work?
If the new normal postpandemic was 20 percent working from home it would mean the rest would commute every day as if it was the school holidays. Imagine how much easier that would be for all workers speed of distribution and the environment.
However that would destroy the value of many office blocks and some investments. Many of the UKs biggest property funds are frozen stopping investors withdrawing funds through fear the funds would collapse. How do you value assets post pandemic if people totally change their way of working.
How will retail recover? Will the High Street ever recover? Most retail experts feel that the world of retail may have changed forever. The virus may have turbo charged what was changing anyway but retailers and property valuations have now changed dramatically if society has changed irreversibly.
Our pension funds are no longer based on assets that are the same value. Will the value recover? It will but it will recover by basing investments in underlying assets fit for the purpose of the future not the past.
We may create a vaccine or vaccines for Covid19 and any morphed versions thereof. However if we are determined the impact of the virus will never be over. In a good way!
Could business leaders:
Continue to offer takeaway services or do deliveries from their restaurants?
Manufacture different products in addition to their core business products?
Maintain and hold on to local suppliers instead of using overseas suppliers in diversification of supply chain lines?
Explore online sales development to be more profitable?
Hold on to cost cutting measures to grow profit?
So much good and bad will flow from the pandemic. It is important not to miss out on the good as well has mitigate the bad. What opportunities and threats are in front of you will depend on your industry and perhaps location.
Now is the time to take the best strategic risk management decisions to come out of the coronavirus pandemic stronger than when you went into it
Read other articles and watch videostreams that may help you make better decisions.
How do businesses manage risk or uncertainty with BusinessRiskTV.com
Develop your risk management tools and techniques. Pick up how to expand your business tips. Network with top business leaders and risk management experts locally and globally.
See The Road Ahead More Clearly With BusinessRiskTV
Enterprise wide risk consulting and enterprise risk management solutions training
Discover new ways to handle uncertainty in business.
What if the worst was to happen to your business? What maybe the worst for your business might be manna from heaven for other businesses. Your enterprise risk management plan must be bespoke to your business.
Engage the best assets your people more fully. Inspiring more from your workforce will build business resilience and faster growth.
Focus your business resources for optimal business performance.
Reap the rewards from business risk to benefit your business. Understand and manage key risk factors better to boost performance. Protect your business. Grow it faster.
Creative marketing campaign ideas and tools to grow your business more profitably
Discover fresh marketing ideas. Adopt marketing strategies to fuel your business growth sustainably. Set up a profitable campaign to sell more products and services online. More easily enter a fast growing marketplace.
Cost effective ways to market your business online with BusinessRiskTV
Are you looking for ideas to market and grow your business faster online?
Target your best audience to grow your business and make your marketing strategy more profitable. Learn how to run a successful marketing campaign with BusinessRiskTV. Boost sales and improve your bottom line.
Work with us to identify the most effective way to reach your new customers inexpensively. Achieve young marketing promotion and business development goals from brand awareness to engagement to driving new business. Generate leads and drive website traffic.
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Put your products and services in front of new customers already interested in your type of business offering before your competitors do.
Find out how to promote your business locally and globally. CLICK HERE for more information.
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Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.
Working together for the common good with BusinessRiskTV.com. Help us to help you.
News opinions analysis reviews and activism with local and global people. Sixth generation movement to power 4th industrial revolution faster cheaper better. Connecting the world to achieve more with less.
6G Today Tomorrow and Everyday Thereafter
How do we improve on yesterday so that today and tomorrow is better and more cost effective. What is it that we have that is good?
What could be better?
Why is it not working now?
How are we going to change things?
When will we achieve enough is good enough?
Where do we need to act?
Who can help us move forward?
Striving for perfection is not our goal. Do not let perfection be the enemy of the good enough. Focus on making realistic changes for the better happen. Dreaming of a better world tomorrow does not make the real world good enough today.
Practical action to progressively improve the world we live in
Most people in 3rd world countries are not interested in woke words. They simply want to live better tomorrow than they did today. Most peoples 1st world problems could be alleviated with a holistic approach to good business management and lifestyle choices.
Aspiration to live better wherever you live in the world can be fulfilled by solving all our problems together at once not by a piecemeal approach. Good words do not put food on the table or a roof over your head. Sodding your neighbour does not protect you from destroying everything you have built around you.
People can work together for common good
We do not need to be in the same country culture or place to work as a team to achieve what we want for ourselves. Getting what you want can help others to get what they want out of the investment of time.
Putting up trade barriers does not work for the builder of walls. Forcing people to be in your gang does not make progression towards goals fast enough. Seeing the mutual benefit at the end for all people on the bus does.
Our holistic approach to making decisions for the common good will be successful for all who lend support
If you put your shoulder to the wheel you can reap the rewards from the effort.
We are not looking for constant companions but do seek constant progress. Moving it forward a little everyday is better than big leaps now and again. We do not need to be beside you for every step but would like to be with you at the end of the journey. We can achieve more together than on our own.
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If you are interested in getting on the same bus join BusinessRiskTV today
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Increase the sources of your revenue streams more sustainably. Grow you business faster with BusinessRiskTV.
Enterprise Risk Management ERM Consulting and Training With BusinessRiskTV.com. Work one to one to protect your business better. Grow your business faster with less uncertainty impacting on your business objectives.
Business Mentor Online. An enterprise risk management mentor can help you change your business more quickly. An eCommerce Mentor can help you sell more online. BusinessRiskTV online business mentor helps you to manage business risks better. Practical enterprise risk management holistic solutions and specific problems solved. Members can search for and find risk management experts and business leaders to interact online with. Learn from leaders in enterprise risk management and future leaders in the industry. Joining our online networking and career development tools helps you find connect and share experiences with others locally and globally.
Business leader coaching and mentoring with BusinessRiskTV
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Our enterprise risk management coach service provides a one to one mentor to help you identify assess and manage key enterprise risks to manage your business better.
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Enterprise wide risk assessment process and risk management consultancy and training
BusinessRiskTV is our enterprise risk management ERM hub for business experts where you can find the risk management resources you need to manage business risk better.
Global Risk Report Discussion Analysis and Review On BusinessRiskTV
Connect with high calibre risk management mentors online wherever you are in the world. Exchange risk management ideas and best practices. Pose questions to experts from the risk country or industry you are interested in. Contribute to risk management research and development in sector or country online forums.
Promote and market your mentor enterprise or business on BusinessRiskTV for 12 months
Put your products or services in front of new customers already interested in your type of business offering before your competitors do.
Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #MentorEnterpriseMarketing for more information.
Link into your existing sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit
Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.
Guide to Risk Management Principles and Practices with BusinessRiskTV.com
BusinessRiskTV business risk consultancy can help guide your business improvement. Are you interested in risk management principles and practices? Connect with risk management experts and business leaders locally and globally online. Read research and development in enterprise risk management ERM.
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Complete and submit the form with code #RiskManagementGuidance.
Access risk management guidance and tools to help businesses understand what they need to do to manage business risks better
Adopt an integrated approach to risk management. Create the best risk management framework and risk assessment process for your strategic operational and project needs.
Manage the impact of uncertainty on your business objectives better. Access support to build your business resilience and raise risk awareness. Manage governance risk and compliance holistically to use your business resources more effectively.
Not only can you improve your risk management capability but you can increase confidence in your risk management system.
Are you asking the right questions about the key threats to you business? Do you consistently look out for and review business opportunities for growth? If you do not have a risk management system in place your business decision making may be working but is it working well?
What is your appetite for risk? Is this reflected across the whole organisation. Your risk management culture should reflect the attitude to risk of its business leaders for a consistent approach that is less confusing or contradictory further down the organisation. If you are not all singing from same hymn sheet you are losing productivity. In addition you maybe taking too much risk or not enough risk to achieve your business objectives.
Everybody should be clear about their role in your risk management framework and risk assessment process. Lack of clarity produces gaps through which failure in your risk management system can squeeze!
Everyone should be rewarded based on achievement of risk management plan. If your risk management plan has been correctly drafted and embedded it will bring business success. Your risk management plan should be to achieve business objectives set with enterprise risk management methodology. A holistic approach to business decision will produce greater resilience and longer term sustainable success.
Understand that your risk assessment process has weaknesses. Peoples perceptions of risk can skew risk management actions inappropriately. This can result in the failure of your risk management system and business.
Enterprise risk management ERM creates a clear picture of where you are now and plans to get you to where you want to be. However everyone needs to engage in the process for it to work optimally. It is to be present in strategic operational and project risk management.
Build more confidence in your ability to implement a better risk management system
Risk management can help profitability enhance all stakeholder confidence and protect your brand and reputation. Create the environment for more effective business outcomes and greater profitability.
If you improve your confidence in your risk management system you can actually take more risks to achieve more in business.
BusinessRiskTV
Increase your risk knowledge and business intelligence. Change your perspective of risks and risk management. Redefine what is acceptable risks without breaching your risk tolerance. If you are not confident in your risk management capability it is hard for the business and business leaders to perform well.
Decide how best to manage risks in your business. Build your colleagues confidence with training and support from BusinessRiskTV. Find out more by completing and submitting the form below and enter code #Confidence.
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Clever branding to create a marketing strategy to increase your brand awareness. Let people know what your business is offering on BusinessRiskTV when they are already interested in your type of business.
How to develop a brand With BusinessRiskTV
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BusinessRiskTV is a great place to try some creative marketing for your business. Pick up free branding tips and ideas. Get your business brand out there more sustainably. Create a great brand positioning strategy with BusinessRiskTV. Learn how to build brand awareness.
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Reducing the risk of supply chain disruptions with BusinessRiskTV.com
Reduce supply chain risk. Should one supplier be shutdown for whatever reason your business should be able to continue without interruption. At the very least ensure you have alternative risk control measures to react to normal supply interruptions. The proximate cause of the supply chain disruption could be wide and varied including fire political social unrest natural disaster or even something called coronavirus. Assessing the risks from your supply chain is critical to the resilience of your business. Diversifying supply chain can increase costs but need not automatically follow.
Adapt quickly to changes within the supply chain to minimise the risk of disruptions to your business performance. Scan the horizon to look for future potential for disruption. Analyse the current risks and take appropriate action.
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Supplier Diversification In Supply Chains
Critical Key Supply’s Should Be Manufactured In Your Own Country More To Mitigate Breaking Supply Chain To Your Business
EU leaders last month stressed the need for the bloc to have strategic autonomy after the coronavirus crisis.
The European Union and its companies need to diversify their supply chains to reduce their reliance on individual countries but that does not mean bringing all production back to Europe
European Union EU Trade Chief
With the coronavirus pandemic many have now realised that there has been an over reliance on Asia for the supply of key supplies. Austrian EU diplomats think this means more manufacturing and production of key supplies should be brought home. Whilst this does not mean all Asian supplies from Asia should cease it does mean more manufacturing is required in your own country to build supply resilience.
We need to look at how to build resilient supply chains based on diversification acknowledging the simple fact that we will not be able to manufacture everything locally
European Union EU Trade Chief
Dutch trade minister Sigrid Kaag told reporters after the video conference with EU counterparts that there was an awakening to the need to determine the weakest links in value chains. How can you mitigate the overdependence on countries such as China or India when it comes to essential goods.
During the coronavirus pandemic FranceGermany and USA were just some of the countries who intervened at government level to stop supply of some products including personal protective equipment and medical equipment. When supply comes from outside your own country you are diversifying your supply chain but over reliance on overseas supply can increase risk of supply chain interruption. Arriving at the right balance is key to maintaining good business performance and strong business resilience.
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Supply Chain Risk Consulting
Get help from one of our Supply Chain Risk Consulting Partners to manage your supply chain risks better.
Opening up the skies is a big part of easing global supply crisis. More holidaymakers increases airfreight opportunities and lowers international trading by air costs. Shortening supply chain, reversing globalisation, can increase speed of change and flexibility in an uncertain world as well as build resilience whilst protecting the environment from supply chain costs.
Harness more knowledge to improve your life and business with BusinessRiskTV.com
Our knowledge marketplace is for both buyers and sellers. If you are an expert who can help solve life and business problems. Sell in our knowledge market. Sell your personal knowledge. Sell better business answers to buyers who need quick ways to overcome barriers to business success. We are building networks of business leaders entrepreneurs and life coaches who create a knowledge hub for you to find the answer to your questions quickly.
Identify what our experts know and what you need to know to overcome problems quicker. Connect with lifestyle and business experts live online. In many cases access free initial consultation to find out if our experts can help you.
Knowledge is key to improving your personal and business decisions. Sell and distribute your business or lifestyle improvement knowledge to people who are stuck and in a hurry to overcome problems.
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We have a range of forums to get the answers you need to improve your life or business quicker. Some are free others attract a fee. You have to be a member of BusinessRiskTV to ask a question. Membership is free.
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Working with our Knowledge Partners we make it easier to make better decisions in life and in business. Our Knowledge Partners include entrepreneurs business owners executives risk professionals and life coaches who are seeking to connect with more potential clients.
If you have lifestyle improvement or business expertise to help others overcome problems become a Knowledge Partner. You will be a business expert or lifestyle enhancer.
How to promote your business online with BusinessRiskTV.com
Discover cheap ways to promote your business. Market your business online with BusinessRiskTV. Take your business to the next level. Explore our marketing tools and resources. Create a cost effective marketing and advertising strategy for your business.
Marketing For Small Business UK To Grow Into Large Business
Ways To Advertise
Achieve your marketing goals.
Build brand awareness
Engage people who are already interested in you type of business
Drive new business growth with new online sales or generate more leads.lead gen network. Reach decision makers. 2x higher engagement.
Reach key business makers and sell more to them. Connect with more consumers online.
Contribute your opinions in blog posts which impress our readers and drive new enquiries to your business. Your amazing content or copy will help us both grow faster.
Use your videos or ask us to create a marketing video for you to showcase your products or services.
Our popular social media tools can connect you with many key decision makers interested in the solution your business provides to its customers.
Our highly visible online presence regularly gets to the top of search engines and your business can be right there too.
Write advertising advertorials that provide a solution to a business or personal problem and attract new customers.
Send your Press Releases to us to spread the word about your business.
Join our various online communities to network with like minded people and share your business knowledge and business intelligence.
Send us images diagrams and documents to attract greater interest in your business offerings.
Grow your own email marketing list to keep in touch with people who have contacted you via us.
Contribute an article to our various magazines that align with your business products or services.
Attend our online networking events to connect with people who can help your business grow faster with less uncertainty.
Sponsor our various online virtual marketplaces exhibitions and magazines to build your brand awareness with people who are interested in what you have to offer.
List your business in one of our online business directories.
Post a classified ad on BusinessRiskTV.
Become one of our business experts and influencer to help solve business and personal problems quicker.
We even have ways to promote your business online for free. There are other ways can market your business on a small budget. Focus your marketing budget for more profitable return on marketing expenditure.
Market your business online with a cost effective marketing campaign that is profitable to your business. Scale up what works for your business. Grow your reputation online.
How can business leaders protect and grow their business regardless of business environment
Do not panic! Think about and implement new strategies to reduce negative risks to your business. Be better prepared for downside risks. Discover fresh ideas to tackle risk management challenges.
Risk events can destroy a business strategy. Best laid plans … Managing business risks is crucial to maximise business performance. How do you identify and mitigate strategic operational and project risks?
How To Manage Risk In Business
Take The Leap Into Your Future Business Success With More Confidence
Analyse the risk so you can decide on its importance in relation to your business objectives.
Prioritise your available business resources to tackle the key business risks for the best return on your risk management time and money.
Assign responsibility for each key risk to your senior management team members. If no one is going to be held account for failure to manage key risks then there will be insufficient consideration of the risk.
Monitor and review your key business risks and effectiveness of associated risk management measures. If the net risk rises then you may need to make changes to you risk management plan. If the net risk reduces you may assign less management time to controlling it but still allocate responsibility for controlling the risk to a key senior management team member.
Risk Identification
Identify potential problems that could cause your business trouble. The business risk can be an event or it can be a condition like changing business environment.
Identify and assess your enterprise risks better
Risk Mitigation
Design a risk mitigation plan eliminate or minimise the impact of the risk on your business objectives. After evaluating the risk pick a risk mitigation strategy that avoids reduces or transfers the risk. Alternatively accept the risk as part and parcel of achieving business objectives.
Select and commit business resources required for specific risk mitigation strategies.
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Seek out guidance on how to identify the risks your business may face. Understand how to respond to risk events. Put new risk management systems in place to deal with the risks cost effectively.
Learn how to develop a risk management plan to protect your business. Find ways to minimise business risks with a new risk management strategy and approach for managing.
Reduce not only the likelihood of an event occurring but also the potential impact. Make sure you also consider the opportunities to grow your business when determining how best to manage risks.
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Scan the horizon for risks that will impact on your business objectives. Inform your foresight and scenario planning processes to be better prepared for threats and opportunities to grow faster. Stay up to date with the best enterprise risk management practices. Avoid the pitfalls of business management others have fallen into.
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Helping you identify and manage better key risks to your business. Business leaders get the latest news on whats happening in the business world. Read risk analysis articles or participate in online debate and discussion.
Improve your risk knowledge and business intelligence to make best business decisions more often.
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We welcome business leader and risk management professionals contributions. BusinessRiskTV was founded by Keith Lewis and is published by C&C Associates. We work with our risk management partners to provide tips advice and support to business leaders around the world. Seize the day with more confidence in your risk management decision making process.
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BusinessRiskTV provides a business advice forum for business leaders. Connect with like minded business leaders. Discuss key threats and opportunities facing your business in a virtual online business advice forum.
Explore and evaluate country risks to your business
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Pick the right forum via BusinessRiskTV to manage your business risks better to boost your business performance.
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Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.
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Ways to increase productivity in a business with BusinessRiskTV.com
Is your business productivity all it could be? Could there be other ways to be more productive in your business? Maximise collaboration to be more productive quicker.
Stop procrastination as procrastination does not improve decision making or decision outcomes.
Do not multitask . Focus on one task at a time. This will boost productivity work output and creativity.
Your business maybe running smoothly. However could it be better? Grow your business faster.
Strategies to improve productivity in business
Productivity is the key to greater business success. Are you open to the potential of changing the way you work?
Successful business owners know how to make the most of business assets. Wasted effort costs money. Grow your business faster.
How to increase productivity in the workplace
Making small changes to business habits will drastically improve the levels of productivity. Get more more quality and productive work done in a shorter period of time. Reduce the time your business spends on unnecessary tasks.
Discover tools and techniques to grow your business fast?
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Rethinking and Re-purposing Your Business During Uncertainty
Develop new risk management strategy for your business or enterprise. Bringing together risk management professional and business leaders online to improve risk management practices and outcomes.
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Build your enterprise risk management system. Drive improved enterprise performance. Develop your business intelligence and risk knowledge. Improve governance risk and compliance GRC management.
Enterprise Risk Management Trends
Discover a new holistic risk management approach to improve business strategy setting and implementation.
Create practical business management systems to grow a better business faster inline with with your risk management culture.
Improve business outcomes.
Be inspired to improve your business.
Connect with local and global risk management experts.
Network with top business leaders to understand your business problems and find best business risk management solutions quicker.
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Looking for information to inform your business decisions? Protect your business better. Grow faster. Work out practical business solutions on risk insight and business intelligence. Enhance your strategic operational and project decisions.
What is business intelligence and how could it benefit your business?
Optimise your business performance with existing business resources.
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Get an edge over competitors selling your business products or services. Pick the risk analysis tools you prefer to provide better business analysis and market intelligence.
The purpose of business intelligence is to support better business decision making to protect you better and grow your business faster
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Include business intelligence as part of your business risk management process so that your business decisions are better informed.
Understand how your business operates and how you can run it better. Develop risk management insight. Developing better business intelligence will help you more holistically bring all parts of your business together. Make better use of your existing business resources. Become more productive.
Improve your management of your business
Dynamically increase your business flexibility
Reduce unplanned interruptions to business output
Reduce the number of systems used in your workplace to improve productivity and efficiency
Build business resilience
Seize more opportunities to grow faster
Share your business intelligence to receive business intelligence. Reciprocal collaborative online forums to improve business performance.
Access crucial information more easily
Reduce procrastination and make quicker business decisions
Create a competitive advantage for your business
Answer your business questions to overcome barriers to business growth
Learn from others experience of business and reduce need to reinvent the wheel to solve your business problems
Access deep risk insight to develop your business risk management knowledge more easily. Build a more successful business quicker.
More developed business intelligence will give you a competitive edge in a highly competitive marketplace in your country or industry. Making quicker decisions may be essential to win new business or reduce business losses. Make your business decisions knowing those decisions are based on clearer risk insight and knowledge to have more confidence in the outcomes of your business decisions.
Working together and sharing risk information can save you money and time at the same time as providing practical insight into what may work well for your business.
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Having a better view of your present circumstances in business can provide you with the chance to make better choices to improve your future in business.
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This will help you to aggressively move toward increased business success. Increasing your risk knowledge does not mean you know everything. It does mean you can trust your ability to figure out the gaps in your business management system.
Increasing business confidence boosts the clarity of vision for your business. It increases your ability to set and achieve business goals.
BusinessRiskTV
Before you can take more risks to achieve more you need to be aware of your risk management capability now. Make more intelligent and informed business decisions with enterprise risk management methodology. Engage your whole business more in achieving your business objectives.
Taking more controlled risks can help your business grow and become more successful faster.
BusinessRiskTV
Tips to make better business decisions faster
Recommendations to fix your business decision making process include:
Engage all levels and all areas of your business in decisions
Use a consistent decision making method across strategic operational and project risks
Train your employees in enterprise risk management methodology and embed it into your business decision making process
Use enterprise risk management to set your business goals
Focus all business decision making on achieving your business objectives.
Understand the risk management culture you currently have and what risk management culture you want
Understand the context of the environment your business has to operate within
Understand the concepts and problems associated with Risk Perception and ensure your risk assessment process accommodates real risks after changing risk perceptions
Developing your risk knowledge requires the building of your business intelligence so you are aware of the internal and external risk factors impacting on your business objectives.
As you become more confident in your judgement managing business threats and opportunities will become easier and quicker. Use enterprise risk management tools and techniques to boost your business performance. Increase your confidence to take more controlled risks to be more successful in business.Identify the risks to benefit your business and take them more confidently. Get your employees to buy into your business objectives and engage fully with your business plans.
Top business mentors and business leaders forum to solve business problems faster
Join our growing networks of business leaders in your country of operation industry of specific type of business risk to develop better business solutions quicker and cheaper.
Cross business and industry collaboration with BusinessRiskTV.com
Business leaders collaborating on solving business problems together faster and cheaper
BusinessRiskTV Collaborative Business Solutions. Do you want to create more time for your business to grow faster with less uncertainty? Faced with a small budget for business protection and growth would you choose an online group session with other business leaders to save time and money? It is an idea some business leaders are investigating
Group online sessions solve common business problems faster and gives business leaders chance to collaborate with other business leaders with same attitude to business development and protection.
BusinessRiskTV
Demand on business leaders time outweighs time available to manage all business risks cost effectively. In recent years the speed of change in the business environment has accelerated putting increased pressures on business leaders wearing many business responsibility hats.
In addition many businesses have complex business systems and business needs which can make finding the best business solutions more difficult to identify.
The traditional one to one business consultation can be prohibitively expensive and the business problem can seem unique when in fact it affects many businesses.
With limited risk management funding or possibility of employing inhouse risk management expert specialists business leaders may need to find innovative ways to find best business solutions quickly within available budget.
Many businesses have the same need for commercial insurance cover and other solutions to protect the business that do not involve insurance. Most if not all business want to increase their opportunities to sell more and increase profitability. Business leaders may seek advice from risk management experts independently to advise on managing such business risks.
Instead of seeing a risk management consultant or business adviser on your own you could get together with a group of other business leaders needing to discuss the same business problems.
If a group of up to 10 business leaders came together with the same business problems could they share experiences to solve risk management problems faster and potentially cheaper?
BusinessRiskTV
BusinessRiskTV risk management network partners facilitate online business leader meetings. The risk management facilitator gathers together business leaders with the same or similar business problems problems before the online meetings. The risk management facilitator also compiles a list of questions the participating business leaders want to ask the group that will include attending and participating risk management experts.
The collaborative group of business leaders and risk management experts will know the business problems to be focused on and details of the businesses involved in the online discussion ahead of the online meeting. This will enable attendees to be aware of the potential value of the meeting to them and prepare for the meeting. The participants in the online problem solving meeting must not only prepare to solve their business problems but must be prepared to help share solutions to help other attendees problems.
Sharing problems and helping solve others problems is the purpose of the meeting.
BusinessRiskTV
The problem solving group may well discuss sensitive issues. This does not need to constrain those attending. Trust quickly develops as participants quickly realise they are not alone with their business problem and that they are talking to people who have already solved their problem. You create a bond with your fellow business leaders. The more you open up the more you get out of the meeting for your business. The sharing of experiences with other business leaders can be empowering.
The aim of the collaborative online meetings is to quickly find solutions to business problems to save time and money for the participants. Participants access more practical problem solving information that has worked already. The meetings help business leaders to more cost effectively use their own time and resources in solving their business problems and the business problems of others. As they are common problems experienced by all those attending then common solutions that actually work well will come to light without the need for discussion duplication.
You may prefer a one to one meeting with a business risk management consultant if you have the budget. However why reinvent the wheel. Other business leaders have solved your business problem already. Tap into their experience to solve your business problems quicker and potentially cheaper.
Collaborative business problem solving online meetings are for business leaders who already know what their business problems are. They just want to know the solutions quickly so they can go off and implement them for themselves and their business.
BusinessRiskTV
It is unlikely that people will attending the meeting will diagnose the problem that is holding your business back. That is not the purpose of the online meetings. You identify what your business risks are and come to the meeting to find risk management solutions or ideas that have worked and could work for your business.
There are measures in place to ensure the confidentiality of information shared within the group and you can see one of our risk management experts from our risk management network on an online one to one appointment who will have seen your business problem before. However collaborative group sessions can quickly overcome barriers to your business growth and a valuable peer support network.
Register for alerts to upcoming online group discussions and review bulletins on past business risk management discussions
Alerts and bulletins will be emailed to you. Complete the form below to register your interest for free. Enter code #CollaborativeMeetings.
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Global entrepreneurship forum news opinions and reviews on BusinessRiskTV.com
Do you want to or have you founded a business? Want help to build and develop your business? Reduce uncertainty impacting on your success as an entrepreneur. Need an eBusiness mentor to help your business grow faster online?
The next decade is going to be the best decade for entrepreneurs if a couple of pieces of the jigsaw fall into place
BusinessRiskTV
There has been no lack of imagination or invention from people around the world. There has been a lack of entrepreneurship. The big boys have sucked up too much of the investment. People have played it very safe since the financial crisis in 2008. However we feel that the entrepreneurial environment is about to explode in a positive way.
If trade wars around the world particularly between USA China can be resolved then everyone will benefit. It will unblock pent up investment.
Money is actually sloshing about but in safe havens awaiting the right environment to be unleashed. In addition it is historically incredibly cheap to borrow lots more money.
Why is money not being used more productively? Fear! People were burned during the 2008 financial crisis that we are just hauling ourselves out of. If governments around the world invest on infrastructure the future is bright. If trade wars are resolved the future will be even brighter!
The people who act first tend to be the people who reap the rewards of taking risks. If you have a good business idea now is the time to act before someone else does.
eCommerce Support For Entrepreneurs
Develop an online store with BusinessRiskTV. Increase the income streams for your existing business. The more you sell for less the more profit you make.
We work with you to digitally enhance your online income more profitably. This helps your business grow faster and builds business resilience so you are less likely to fail.
Create a valuable business quicker
Expand your brand wider online
Establish your business in your marketplace online
We are creating an entrepreneurial online environment to help entrepreneurs with decision making. Engage in our entrepreneurs forum conference and workshops to:
connect with other business leaders develop your risk knowledge
develop business management skills and
promote and market your business more cost effectively
Listen in and contribute to entrepreneurs workshops and webinars. Sit in at online roundtable discussions. Ask for answers to your business problems. Our risk management experts and your peers may well have already solved your business problem so it is easier for you to do the same quicker and cheaper.
Find a business mentor or business coach to help protect and grow your business faster with less uncertainty
BusinessRiskTV
Tap into the right entrepreneurship forum for your business. Regardless of your country or industry you can find an entrepreneurs forum to help you build a stronger more resilient more successful business.
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Incorporating all stakeholders interests in business decision making with BusinessRisk.com
Do you want financial success in terms on capital value increase and dividend increases? Are you prepared to sacrifice the interests of other stakeholders to achieve this? Is long term business sustainability less important than short term financial success?
You can be very financially successful and still fail. When financial success is pursued at the expense of other stakeholders interest you have a recipe for catastrophic failure eventually.
Responsible Investing with Environmental Social Governance ESG Risk Analysis
Shareholders and customers are stakeholders in the business performance not just senior management team. Pushing for bonuses at the expense of other stakeholders interests has always resulted in catastrophic losses.
The financial crisis in 2008 is the most recent near systemic collapse due to poor senior management team business decisions. The senior management teams were very good at creating extra value for themselves which will have long term benefits but their customers and shareholders in the financial crisis of 2008 have lost big time and many have yet to recover lost business value.
The sad fact is that shareholders or rather their representatives pension and investment fund managers have accepted and fuelled the poor decision making of senior management teams by being part of the problem. They have misrepresented big business owners long terms interests by allow senior management teams to get away with bad business decision making that only interests the senior management teams not shareholders or customers.
Find ways to grow faster and protect your business better
Senior management teams are not taking enterprise risk management methodology onboard. Too often they pay lip service to the principles and practices of enterprise risk management.
Poor risk management cultures continue to dominate
Poor compliance standards are being accepted and even encouraged
Systemically poor risk management practices flourish on basis of a level playing field. They are doing it to make money so so should we
Enterprise risk management practices and processes need to be improved to prevent future catastrophic systemic collapses in business.
Guide to better business protection with BusinessRiskTV
Governments and self regulating bodies need to drive business improvements with carrots and sticks. Personal accountability at board level is necessary before good enterprise risk management practices will be embedded. If business leaders cannot see the wood from the trees than they need to be forced to open their eyes.
Short term greed is prevalent within our corporate structures. If our oversight by governments and professional bodies do not pull their their fingers out then economic and social catastrophes lie ahead in the next decade.
There is more to business than short term profit maximisation. However too many business leaders do not hold to this view. Their greed will take us closer to the cliff edge if they are not forcefully stopped.
Do our business leaders and politicians really understand corporate risks and how this will impact on society?
Do they care? Too often the answer must be no. So they must be made to care by other people in our capitalist society. Capitalism is the best system on which to base our future but it should not be left to greedy people to rape the good that comes from capitalism.
Profit maximising corporations are not the flagships of capitalism. There is more to business life than profit. Reconciling business priorities is not easy. It is made easier with enterprise risk management principles and practices. Develop a more successful stakeholder management strategy for your business with BusinessRiskTV.
Creating business value is not just about creating more profit but we can make you more profitable too
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Use better stakeholder management to drive future success and growth for the long term.
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You may have created a good business but could it be doing better in 2020s? How could you attract more potential new customers to your business? Would expanding your business reach improve your profitability?
Create a new business development strategy for more success in the new decade
BusinessRiskTV
Create innovative new income streams with BusinessRiskTV. Invest with us to stand out more from your competition.
Develop a holistic marketing plan for your products or services to reach and influence the consumers. Your new business development strategy will present your business to more potential customers more cost effectively. Take simple steps to improve your online and offline sales performance.
Partner with BusinessRiskTV to boost your business performance
Help us to understand what you really offer? We can then deliver what you need more cost effectively. Deploy the best marketing strategy for your business. We will help you to engage more with potential new customers.
Grow Your Business Faster With Less Uncertainty With BusinessRiskTV.com
Develop a new business development strategy for greater success in business
Are you looking for faster business growth? BusinessRiskTV can work with you connect you with more new potential customers.
Scan the horizon to see what risks may impact on your business objectives. Connect with others to stay ahead of the game. Use other business leaders experience of risk to inform your business decision making. Protect and grow your business with less uncertainty.
Taking more risks to achieve more success comes down to risk knowledge and business intelligence. A lack of risk knowledge leads to increased fear. This can result in missed opportunities to grow faster.
What are the potential costs of taking more risks?
What are the potential benefits of taking more risks?
How will taking more risks benefit your business?
What are the alternatives?
How much better would your business perform if the best case scenario came true?
What are the worst outcomes that could happen if you took extra risks and how could you reduce the risk?
How bad would it be if the worst case scenario risk event materialised?
What would your business look like in 5 years if your risk decisions were taken?
Assessing the risks incorporating both upside and downside risks will enable you to make more balanced business decisions to improve performance.
Negativity bias means in part we focus more on stopping bad things from happening than creating the environment for great good things to happen. For example, we focus on stopping climate damage instead of investing money in better natural environment. We spend more money to risk control instead of seizing new business opportunities which create risk but also create more rewards for risk takers.
Welcome the threats in the 2020s as they bring opportunities
Embrace the opportunities in the new decade but be risk aware about the threats that come with the opportunities to grow. Work together with our network of business leaders and risk management experts to finish the 2020s better than you started.
Subscribe to BusinessRiskTV for freezing alerts and bulletins to your email inbox on how to grow your business faster with less uncertainty
Risk leadership theory and practical risk management advice with BusinessRiskTV.com
Pick up risk management tips. Read risk management articles and view videos. Network with top risk management thought leaders locally and globally to solve your risk management problems quicker and cheaper.
Global and local business management trends with BusinessRiskTV.com
Emerging trends in business management debated risk analysed and risk controls reviewed. What emerging trends in business management must you know about today? Consumers and business decision makers have easy access to business intelligence so business leaders need to use business intelligence more in risk management strategy setting to grow faster. Due to the rapidly changing business environment and increased nationalism it may be better to have shorter supply chains. Alternatively restructure your supply chains to embrace new cost saving opportunities in supply.
Spot emerging trends before your competitors to protect your business better and grow business faster
BusinessRiskTV
Fully adopt new technology to react faster and lower business costs. Evolve more business from existing customers by engaging customers more in your business. Redfine they way you do business to do more business.
Emerging Trends in Business Management
Identify and understand emerging risks better to inform your decision making quicker. Keep up to date with global and local trends in your industry and country. Tap into our risk management experts networks to solve business problems faster and cheaper.
Subscribe to BusinessRiskTV for free alerts bulletins and reviews on emerging trends in business management
Beat Your Competitors To New Business Growth with BusinessRiskTV
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Emerging Trends In Business Management Directory
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Building effective business relationships with BusinessRiskTV.com
To build business value in your business you may need to increase relationships with like minded business leaders. Work with us for mutual business growth. Discover innovative ways to increase the the value of your business.
Build and maintain a good business relationship with our network of top business leaders
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Whether you are an entrepreneur with a start up business offering or an SME with aspirations to grow faster you can find the answers to your business growth questions. Improve your customer relationships to improve your business brand.
Join our online community to engage more with your customers and prospective customers.
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Offer more to add more to the value of your business. Lower your long term costs to build a more resilient successful business. Increase your business value over time.
Business Collaboration Tools and Ideas Development
Work with others to build a better business for yourself. Building and maintaining relationships can be a more efficient way to increased business success.
Understand and appreciate the value of our growing online community to your business. Increase the value of your online relationships and online business growth opportunities.
What is your business worth? Could you increase its value with a little help from online business relationships?
How to improve relationship with new business partners
Expert network helping business leaders manage business risks better on BusinessRiskTV.com
Leading experts in their industry or country come together to make business decision making easier. Discover the best business practices quicker. Exchange business risk management information. Ask how to overcome business barriers.
Governance risk and compliance expert network offering you tips help and support to manage business risks
How to do a risk assessment of the key threats and opportunities for your business with BusinessRiskTV.com
Understand your business exposure to risks better. Get help to manage business risks better. Network with your peers and risk management experts locally and around the world to help solve your business problems faster. Good business risk management is good business!
Improve your business risk management process.
Develop a better risk management strategy.
Set the right risk management culture for your business.
Identify evaluate and control the risks impacting on your business objectives. Develop practical steps to protect your business and grow business faster with less uncertainty. Understand the risk assessment process better.Tap into free risk management guidance online. Enterprise risk management is a fundamental element of business success and business resilience.
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Overcoming procrastination with BusinessRiskTV.com
Procrastination is one of the biggest risks business leaders face. Putting business decisions off until tomorrow is delaying success and future growth. The best time to act to improve your business performance is now.
Manage out the uncertainty of your business decision making process to make better decisions quicker to improve business performance faster
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If you do not make the decision presented to you at least you can say it was not your fault it went tits up! Right? Maybe but your procrastination may be impeding your business performance.
With procrastination you are not managing business risks. You are just delaying the management of risks. Face up to your business risks today!
Many business leaders procrastinate on business risks because they think that risk events will not affect their business or that they have commercial insurance so are adequately protected from business risks. Simply effectively burying head in sand will not change a thing about your business risks. Commercial insurance may provide some money when you really need it however most business risks are uninsured or uninsurable even when you have an insurance policy!
Why procrastination is bad for your business
If you are leading your business and you are a procrastinator you may well miss business growth opportunities. Worse you maybe threatening the survival of your business should a risk event occur and you buried your head in the sand leaving your business unable to cope with the consequences of the risk event materialisation.
A big drain on your business success could be having business planning meetings without actually making changes to the business. Decide what is best and act with more confidence with enterprise risk management ERM!
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Too often business leaders take comfort in talking about changes to the business but do not like the responsibility or accountability arising from actual actions to change the business. It is easy to talk a good game!
Stop avoiding the tough decisions in business
Initiate the changes necessary to improve your business performance. Accomplish more with your existing business resources and stop making excuses or blaming others! Take action and stop procrastinating. Take the right risks for your business success in future.
Deferring business decisions frustrates most people in your business. Confident business leaders assess the risks and become action takers proactively putting in place cost effective risk management controls.
Get ahead of your competition before the opportunity for business growth disappears for your business
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You may think your procrastination is not damaging your business. Chances are it is in one way or another.
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Men and women are equal. Perhaps more importantly men and women can bring a different risk management perspective to the table. Without one makes the business more vulnerable.
Support for women in business
Men and women within the business need to be treated equally fairly to ensure the business machine works most effectively.
There can be gender differences in risk taking so an effective holistic risk management strategy requires balanced workforce making decisions on strategy operations and projects. Indeed a balanced risk management strategy requires ethnic equality as well as gender equality.
It is not about male employees v female employees
Men and women see threats and opportunities in different ways. How they respond to business risks is therefore different. Your business enterprise risk management strategy needs to recognise risk perception gender differences. The differences present the opportunity for a competitive advantage if the competition have not acknowledged and addressed this aspect of business culture. Your risk assessment process should take account of gender issues.
It is about creating a balanced all inclusive holistic enterprise risk management strategy for faster business growth with less uncertainty
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Make sure gaps in risk protection are filled. Make sure opportunities for business growth are not missed. For both of these important elements it is important that women are present at executive and senior manager level. For example drafting in a women from a lower level will not counter gender risk taking issues.
The risk management strategy needs to be written up on basis of equality in the boardroom not by having equality within a risk assessment workshop.
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Women need to be fully embedded in all aspects of the business decision making process to benefit from their risk knowledge and experience. Include their business risk perspective and experiences. Women are not better leaders than men or vice versa.
By leaving out women or ethnic minorities at senior management and executive level you may not get the big picture on risk management. Inequality in the boardroom can mean your business only achieves half its potential with the same assets. Indeed some of these assets women may decided to move to a more meritocracy driven business that values gender parity.
There is a growing skills gap in the UK and your business can not afford to miss the benefits of offering an equal opportunity career development environment.
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Advice from risk management experts with BusinessRiskTV.com
Conversation about risk management. Networking with your peers and risk management experts may short circuit identifying what your business should do to overcome business problems. Talk to our network of business management experts to find out what they think is the best thing to do for your business. Tune in online to watch our risk experts responding to other business leader questions to see if you can glean some tips for your business to adopt.
Use the skills and experience of our network of business management experts to inform your business decision making process
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Use BusinessRiskTV as a business resource to develop your risk knowledge and business intelligence.
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Network with business leaders looking to grow business faster with less uncertainty on BusinessRiskTV
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By subscribing to BusinessRiskTV you will receive alerts and bulletins to your inbox of upcoming events to join from anywhere with Wifi. Discuss your business issues with business management experts.
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