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Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
Small business owners often make financial mistakes that can have serious consequences for the success of their company. Here are some of the most common financial mistakes made by small business owners, and advice on how to prevent them:
Not keeping accurate financial records: Without accurate financial records, it can be difficult for small business owners to make informed decisions about the financial health of their company. To prevent this mistake, small business owners should establish a system for keeping accurate financial records, such as using accounting software or hiring a bookkeeper.
Not having a budget: A budget is an essential tool for small business owners, as it helps them to plan for expenses and manage cash flow. Without a budget, small business owners may overspend and find themselves in financial trouble. To prevent this mistake, small business owners should create a budget and stick to it.
Not having enough working capital: Working capital is the amount of money a business has available to cover its short-term expenses. Without enough working capital, small business owners may struggle to pay bills and meet other financial obligations. To prevent this mistake, small business owners should maintain a healthy level of working capital by managing expenses and seeking financing when necessary.
Not having adequate insurance: Insurance is an important tool for small business owners, as it helps protect their company against potential financial losses. Without adequate insurance, small business owners may find themselves facing financial ruin in the event of a disaster or other unexpected event. To prevent this mistake, small business owners should review their insurance needs and purchase the appropriate policies.
Not diversifying investments: Small business owners often invest a significant portion of their assets in their own company, which can be risky. To prevent this mistake, small business owners should diversify their investments to spread risk.
Not seeking professional advice: Small business owners often make financial decisions without seeking the advice of a professional. This can lead to costly mistakes. To prevent this mistake, small business owners should seek the advice of a financial advisor or accountant before making important financial decisions.
By avoiding these common financial mistakes, small business owners can increase the chances of success for their company.
Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
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Financial Survival for Small Business Owners: Common Mistakes to Avoid and How to Protect Your Business
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Key To Faster Business Growth
If you do not grow you may not survive
Most businesses lose business for existing customers. You can lose revenue from existing customers for a variety of reasons not all within your control. You are business could die a death of a thousand cuts. Gradually losing many customers over long period of time.
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BusinessRiskTV Hackers News: Protecting Your Business in the Age of Cyber Threats
In today’s interconnected world, the threat of cyber attacks and hacking has become an ever-present concern for businesses of all sizes. The advent of advanced technologies and the widespread use of the internet have created new opportunities for hackers to exploit vulnerabilities and gain unauthorised access to sensitive information. In this article, we will delve into the BusinessRiskTV Hackers News and explore the importance of cybersecurity measures for protecting your business from potential threats.
The Rise of Cyber Threats
The past decade has witnessed a significant rise in cyber threats, with high-profile hacking incidents making headlines around the world. Cybercriminals employ various tactics, such as phishing attacks, malware, ransomware, and social engineering, to compromise computer systems and steal valuable data. These attacks can have severe consequences for businesses, including financial losses, damage to reputation, and legal implications.
BusinessRiskTV Hackers News: Stay Informed and Vigilant
To navigate the complex landscape of cybersecurity, businesses need to stay informed about the latest hacking trends and best practices for protection. BusinessRiskTV Hackers News serves as a valuable resource for professionals, providing updates on emerging threats, case studies, expert insights, and practical advice on safeguarding digital assets.
By following BusinessRiskTV Hackers News, organisations can stay ahead of potential threats and proactively implement robust security measures. This proactive approach is vital because, in the face of ever-evolving hacking techniques, businesses must continuously update their defenses to counter new threats effectively.
Understanding the Impact of Cyber Attacks
A cyber attack can have severe consequences for businesses. Apart from financial losses resulting from stolen funds or disrupted operations, organisations may face significant reputational damage. Customers and partners lose trust in businesses that fail to protect their sensitive information, resulting in potential long-term consequences for brand image and customer loyalty.
Additionally, the legal and regulatory landscape surrounding cybersecurity has become more stringent in recent years. Governments worldwide are enacting laws and regulations to hold businesses accountable for data breaches and privacy violations. Failure to comply with these regulations can lead to hefty fines and legal repercussions, further highlighting the importance of prioritising cybersecurity.
Developing a Comprehensive Cybersecurity Strategy
To mitigate the risks posed by cyber threats, businesses must develop a comprehensive cybersecurity strategy that encompasses both prevention and response. Here are some key elements to consider:
Risk Assessment: Conduct a thorough assessment of your organisation’s vulnerabilities and identify potential entry points for cyber attacks. This process involves analysing your IT infrastructure, networks, software applications, and employee practices to identify areas that require attention.
Employee Training and Awareness: Human error remains a significant factor in cybersecurity breaches. Educate your employees about best practices for data protection, recognising phishing attempts, and maintaining strong passwords. Regular training sessions and awareness campaigns can help foster a culture of cybersecurity within your organisation.
Secure Network Infrastructure: Implement robust security measures to protect your network infrastructure. This includes deploying firewalls, intrusion detection systems, and regularly updating and patching software and hardware.
Data Encryption: Encrypt sensitive data to ensure that even if it is accessed unlawfully, it remains unintelligible to unauthorised individuals. Encryption provides an additional layer of protection for your most valuable information.
Incident Response Plan: Develop a comprehensive incident response plan that outlines the steps to be taken in the event of a cyber attack. This plan should include processes for isolating compromised systems, notifying relevant parties, preserving evidence, and restoring operations.
Collaborating with Cybersecurity Experts
Given the complexity and evolving nature of cyber threats, businesses can benefit from partnering with cybersecurity experts. These professionals possess specialised knowledge and experience in identifying vulnerabilities, implementing effective security measures, and responding to cyber attacks. By leveraging their expertise, organisations can enhance their overall cybersecurity posture and respond more effectively to potential threats.
BusinessRiskTV Hackers News provides a platform for businesses to connect with cybersecurity experts and gain valuable insights into the latest trends and best practices. By engaging with this community, businesses can access expert advice, receive guidance on risk assessment and mitigation strategies, and stay updated on emerging technologies and solutions.
Furthermore, collaboration with cybersecurity experts can help businesses in the following ways:
Vulnerability Assessments: Experts can conduct comprehensive assessments of your systems and infrastructure to identify vulnerabilities that may be exploited by hackers. They can perform penetration testing, analyse your network architecture, and recommend specific measures to strengthen your defenses.
Security Solutions Implementation: Cybersecurity experts can assist in the selection and implementation of security solutions tailored to your business needs. This may include deploying advanced threat detection systems, intrusion prevention systems, endpoint protection tools, and secure data backup solutions.
Continuous Monitoring and Threat Intelligence: By leveraging the expertise of cybersecurity professionals, businesses can establish continuous monitoring systems that track network activity, detect anomalies, and proactively identify potential threats. Additionally, experts can provide real-time threat intelligence, ensuring that businesses are aware of the latest hacking techniques and can adapt their defenses accordingly.
Incident Response and Recovery: In the unfortunate event of a cyber attack, having cybersecurity experts by your side can significantly enhance your incident response and recovery capabilities. They can guide you through the process of containing the breach, mitigating damage, and restoring systems to normal operations. Their expertise can help minimise downtime and prevent further compromise.
In an era dominated by digital transformation and interconnectedness, the threat of cyber attacks is a constant concern for businesses. The BusinessRiskTV Hackers News serves as a valuable resource, providing businesses with up-to-date information, expert insights, and practical advice on cybersecurity measures.
By staying informed and implementing a comprehensive cybersecurity strategy, businesses can effectively mitigate the risks posed by cyber threats. Collaboration with cybersecurity experts further enhances their ability to protect sensitive data, maintain business continuity, and safeguard their reputation.
Remember, cybersecurity is not a one-time effort but an ongoing process. Businesses must continuously adapt and evolve their defenses to keep pace with the ever-changing threat landscape. By prioritising cybersecurity and leveraging the resources available through platforms like BusinessRiskTV Hackers News, businesses can proactively defend against cyber attacks and secure their digital future
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The Threat of Rising Bond Yields in European and American Bond Markets
Bond yields are the interest rates that investors receive when they lend money to governments or corporations. Bond yields have been rising steadily in recent months, both in Europe and the United States. This is due to a number of factors, including the Federal Reserve’s plans to raise interest rates and concerns about inflation.
Rising bond yields can have a number of negative consequences for investors and businesses. For investors, rising bond yields can lead to losses on existing bond holdings. For businesses, rising bond yields can make it more expensive to borrow money.
This article will explore the threat of rising bond yields in European and American bond markets in more detail. It will also discuss some of the risk management actions that investors and businesses can take to protect themselves from this threat.
Why are bond yields rising?
There are a number of reasons why bond yields are rising in European and American bond markets. One reason is the Federal Reserve’s plans to raise interest rates. The Federal Reserve raises interest rates in an effort to combat inflation. When interest rates rise, the cost of borrowing money increases. This can lead to a decrease in demand for bonds, which can cause bond yields to rise.
Another reason for rising bond yields is concerns about inflation. Inflation is the rate at which prices for goods and services are rising. When inflation is high, investors demand higher returns on their investments to compensate for the loss of purchasing power. This can lead to an increase in bond yields.
What are the risks of rising bond yields?
Rising bond yields can have a number of negative consequences for investors and businesses.
For investors, rising bond yields can lead to losses on existing bond holdings. When bond yields rise, the prices of existing bonds fall. This is because investors can buy new bonds with higher yields, which makes older bonds with lower yields less attractive.
For businesses, rising bond yields can make it more expensive to borrow money. Businesses often borrow money to finance growth and investment. When bond yields rise, the cost of borrowing money increases. This can make it more difficult for businesses to finance their growth and investment plans.
What can investors and businesses do to protect themselves from the threat of rising bond yields?
There are a number of risk management actions that investors and businesses can take to protect themselves from the threat of rising bond yields.
Investors
Investors can protect themselves from the threat of rising bond yields by diversifying their portfolios and investing in shorter-term bonds.
Diversification means investing in a variety of different asset classes, such as stocks, bonds, Bitcoin and property. By diversifying their portfolios, investors can reduce their overall risk.
Investing in shorter-term bonds can also help investors to protect themselves from rising bond yields. Shorter-term bonds have less interest rate risk than longer-term bonds. This is because shorter-term bonds are more likely to mature before interest rates rise significantly.
Businesses
Businesses can protect themselves from the threat of rising bond yields by hedging their interest rate risk and borrowing money at fixed interest rates.
Hedging interest rate risk involves using financial instruments to offset the risk of changes in interest rates. There are a number of different hedging instruments available, such as interest rate swaps and options.
Borrowing money at fixed interest rates can also help businesses to protect themselves from rising bond yields. When businesses borrow money at fixed interest rates, they lock in the interest rate for the life of the loan. This protects them from the risk of rising interest rates during the term of the loan.
Conclusion
Rising bond yields can have a number of negative consequences for investors and businesses. However, there are a number of risk management actions that investors and businesses can take to protect themselves from this threat.
Investors can protect themselves from the threat of rising bond yields by diversifying their portfolios and investing in shorter-term bonds. Businesses can protect themselves from the threat of rising bond yields by hedging their interest rate risk and borrowing money at fixed interest rates.
I urge investors and business leaders to take risk management action to protect themselves from the threat of rising bond yields. By taking action now, you can minimise the potential impact of rising bond yields on your investments and your business.
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The importance of leadership in business is either underestimated or played down. Your team or business functions will operate in line with the inspiration you create or fail to create. Zombie businesses can survive in most business climates, but few will thrive in the business marketplace without good leadership, either from the top, or from middle managers who pick up the baton where the actual leaders have dropped it.
However a great business needs a great visionary. Most visionary’s are made not born. That’s the good news! The bad news is that few business leaders seek to create a vision for their business that everyone else can buy into.
Whats worse is that few businesses invest sufficiently in developing future business leaders
There are many reasons for this. For some businesses, existing business leaders fear training those below them in case they walk away from the business to competitors or to become a new competitor business.
One way to overcome this fear is to share the rewards developing leaders bring to the business and not be too greedy over short term spoils of new business generated and instead look to the long term benefit of fairly rewarding key business team members.
All hugely successful organisations and businesses need effective leaders
To become a great business leader requires much more than technical business skills that say accountants and lawyers may have. Great business leaders have bundles of emotional intelligence to bring in everybody into improve business performance not just the Board.
Top business leaders are not always brilliant business managers. You can be an amazing business manager, but may never be a business leader. Often great business leaders are not in management positions. Their talent is wasted cause they never get into a position to fully express themselves for the benefit of the business as a whole and themselves.
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Enterprise risk management methodology will help in this regard. Many SMEs and large businesses can benefit from developing the leaders who will guide us to a better future.
A look at the business news headlines in most week’s will reveal examples of bad business leadership. W need to help educate business leaders better to reduce frequency of bad business events and increase the occurrence and size of business successes. How we get there does not matter too much, but too often we don’t.
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How To Improve Productivity In The Workplace In UK
For the UK to sustainably increase wages meet the needs of an aging population and develop business growth it needs to increase productivity by 25 percent just to match the productivity of German workers in recent times.
German workers have the same output in 4 days that it takes UK workers 5 days to produce, according to the UK Chancellor Philip Hammond in is Autumn Statement on the UK performance to date.
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Improving Productivity In The Workplace
Increasing output for every hour of input
To improve productivity, the UK needs to produce more from every effort put into a business or enterprise. The UK government needs to play its part including boosting internet broadband availability and speeds, improving road rail and air transportation, as well as increase spending on other infrastructure improvements. However every business needs to work out what it needs to do to get more output from the same resources.
Poor sales growth domestically and internationally, reliance on cheap particularly foreign workers(most of UKs new jobs created over recent year have been foreign workers), and a lack of investment in training of employees is a big part of the UK Plcs poor productivity. Another significant part is the lack of engagement of existing assets the existing workforce. Business enterprise leaders have not involved the whole workforce in business decision-making. Every business has talented workers who know how to solve business problems and improve productivity but business leaders have not taken a holistic approach to productivity improvement. Where a business has poor productivity it is because not everyone is on the some bus to achieve a common destination. The solution is to engage the workforce more in business decision making process.
How do you improve your business productivity
The public sector also needs to do more with less, in an age of austerity. The UK needs to somehow get more out of every available resource invested in public services.
BusinessRiskTV will help you get everyone on the same bus!
BusinessRiskTV will use business enterprise risk management tools and techniques to engage your workforce to improve business productivity and overall performance.
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How efficient is your business?
Have your investments in people and other assets produced as much as possible? Could you produce more with your existing resources? Could you more cleverly focus your money and time on efforts that will bring greater corporate and individual rewards?
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Or are you working hard at working hard
Few business leaders and their employees don’t work hard. Hard work is required, but if you are all working hard with insignificant improvement then maybe you should ask yourself if there might be another way to make business decisions?
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Effective Ways to Enhance Workplace Productivity
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The time for looking for cost savings has passed. It is now time to look for ways to increase value produced by your business.
Is your business a Zombie business. Not alive just existing?
Is your business a dead-fish that you are blaming on being in a stagnant pool, when there is plenty of life in your area of expertise but you just can’t find business growth?
Do you need practical steps you can take today or tomorrow that will increase your business opportunities?
How can you improve the workplace culture without increasing wages immediately?
How can you motivate your employees to be more productive and therefore produce a more profitable workplace?
Our approach to improving productivity in the workplace is not to just talk about improvement but to help create business growth
We will help you improve effective communication across your organisation to help all employees to perform better.
Develop a more positive risk management culture to increase productivity.
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Achieve more with your existing business assets. Focus those assets on growing your business faster. Fulfill your business growth vision with less uncertainty.
Get help to achieve your ambitions for your business.
Are you looking to grow your business more sustainably?
Unleash your potential growth. Become a faster growing UK business that doesn’t need extra capital to drive future success. We offer support and mentoring to develop a new business growth strategy for your business. Network with like minded business leader.
Read citizen journalist articles and watch citizen journalist videos online
If you have got a great story to tell we will be the megaphone to get you heard more often!
Develop new income locally and globally
Sell more to people and businesses on your doorstep and dip your toe into the export marketplace on the back of a low value pound which could be making your products and services more than 10 percent cheaper abroad.
Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV
Access business intelligence guidance and risk management experts who can provide the business risk knowledge and experience to help you seize new business opportunities.
Business Exhibitions and Conferences
Take part in business development workshops to mitigate business risks and improve business performance.
Virtual Exhibition Platform To Showcase Your Business Products and Services To Buyers Already Interested In Your Type Of Business Offering
Business Magazine Articles
Write about what you know – your business! By writing about your business products and services, you develop your brand and help potential new customers to understand why they should buy from you and not one of your competitors.
Enterprise Risk Management ERM Magazine
Inform your business decision making process with risk based articles. Watch business management videos online for free. See experts risk analysis for your country or industry.
Develop your risk insight and business intelligence.
Boost your business performance.
Align your risk taking with your appetite for risk
Join our network of business leaders and risk experts
New York Business Enterprise Risk Management Webcasts
Tune in to New York City! New York city has so much to offer people inside and outside of New York. Search for the best businesses in New York offering the best deals discounts and special offers.
Read the latest New York business magazine latest articles opinions and business reviews. Watch the top business news live today online from your phone pc mobile device or TV.
Get local New York city news as well as a global roundup. Whats the latest on Wall Street and business in general and how can you spruce up your lifestyle in New York on a budget.
Subscribe to BusinessRiskTV.com New York TV enter code #NewYorkTV
New York Experts Tips Advice Business Support. More Business in New York. Work with New York business enterprise risk management solution providers.
Showcase your business in New York to sell more profitably in New York and from New York.
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Find or post a job vacancy in New York
Find a new job in New York or fill New York jobs vacancies faster and cheaper. Apply online for latest jobs in New York on our New York Jobs Board.
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UK Business Growth Opportunities
Business leaders need confidence in their decision making and entrepreneurial thinking to find new business opportunities.
Positive Risk Management
Look at the world through an improving business and economic environment. The UK is strong and set to get stronger
Supporting Entrepreneurs and Intrapreneurs
Are You an entrepreneur of business leader who is procrastinating or fearful of the future
The UK has the skills and ability to be greater than it is right now
Don’t listen to the doom-mongers! The UK has more opportunities to grow faster than it has had in front of it for decades. Don’t look back at today and think, “I wish I had seized the day”. The time for waiting is over. Today will be the past and your great historic past is for the making now!
Business Leaders Need To Cut Their Cloth Accordingly
Are there huge economic uncertainties just now?
Of course! When haven’t there been significant uncertainties for business? However, should we wait before investing time and money in our future? Absolutely not! This is the time for sowing the seeds of your future success. Businesses in the UK have so many opportunities for growth.
Where are the growth opportunities ?
Well have you looked properly! They are there. Your competitors may have spotted them. Look and you shall find!
Too much noise and not enough action!
Everybody is busy, but being busy doesn’t mean to say you’re in the growth business. Are you working hard but standing still? Have you got the talent, the assets and the ambition but not the results you’d hoped for?
The UK was built on innovation and hard graft, but in the recent past, we’ve been grafting too much and not innovating enough. The UK’s business leaders need to think smarter, not just work harder.
I could do with some help here mate!
Talk is cheap! I hear you! However, talking with like minded innovators who want to move to the action phase quickly might produce new business growth for your company.
Do most business leaders want the same thing – growth? Presumably none want to down-size. Many are happy to stay the same, though few businesses can survive by staying the same.
Many of your peers are happy to share ways to overcome barriers to business survival and business growth. No one person knows it all and even if they did, what they learnt would soon be out of date. Unless you keep up to date with best practices and evolving methods of working, you are going backwards behind competitors.
Sometimes we need to be inspired by the actions of others
Olympic competitors are inspired by the achievements of other Olympians. They may be at the top of their game, but they can still be inspired by the success of their peers.
Balanced Enterprise Risk Perspective
Are you taking too little or too much risk? Poor business performance can come from too much, or too little risk.
Getting access to the horse’s mouth
If you don’t know – ask for free! It is highly unlikely that your business problems are totally unique. They might be unusual and have a different impact on your business, but the solution to your business problems have almost certainly already been found at another business somewhere in the world.
It is important to get risk into the right perspective. If you don’t know enough about your enterprise risks, it is possible that you are being overly cautious. Alternatively you might be acting (or not acting) recklessly, and are on the edge of catastrophic disaster, due to lack of risk knowledge. Are you deliberately not asking questions cause you might not like the answers?
Are you an entrepreneur or business leader who is procrastinating?
Become a Risk Management Online member to access enterprise risk management collaboration for faster business growth and better business protection.
10 Essential Habits to Nurture and Develop as an Entrepreneur
Becoming a successful entrepreneur requires more than just having a great business idea. It involves nurturing certain habits that can help you navigate the challenges and uncertainties of the entrepreneurial journey. In this article, we will explore ten essential habits that aspiring entrepreneurs should cultivate to foster personal and professional growth. By incorporating these habits into your daily routine, you can enhance your entrepreneurial mindset and increase your chances of success.
Embrace Continuous Learning. One of the key habits for nurturing an entrepreneurial spirit is a commitment to continuous learning. Successful entrepreneurs understand that knowledge is power, and they never stop seeking opportunities to expand their expertise. They read books, attend seminars, listen to podcasts, and engage in online courses to stay updated with the latest industry trends and developments. By fostering a thirst for knowledge, you can make informed decisions, adapt to changing circumstances, and position yourself as an expert in your field.
Cultivate Resilience. Entrepreneurship is a challenging endeavour, often marked by setbacks and failures. To navigate through these hurdles, it is crucial to cultivate resilience. Successful entrepreneurs view failures as learning opportunities and bounce back stronger. They develop a positive mindset, practice self-care, and surround themselves with a support network that encourages them during tough times. By embracing resilience, you can overcome obstacles, stay motivated, and persevere on your entrepreneurial journey.
Foster Creativity. Creativity is at the heart of entrepreneurship. To nurture your entrepreneurial spirit, make creativity a daily habit. Allow yourself to think outside the box, challenge conventional wisdom, and explore new ideas. Engage in activities that stimulate your creativity, such as brainstorming sessions, mind mapping, or artistic endeavors. By fostering creativity, you can generate innovative solutions, differentiate yourself from competitors, and seize new opportunities.
Practice Effective Time Management. Time management is crucial for entrepreneurs who juggle multiple responsibilities and tasks. Develop habits such as setting clear goals, prioritising tasks, and utilising productivity tools. Identify your most productive hours and allocate them to the most critical activities. Additionally, delegate tasks and outsource non-essential activities to free up your time for strategic decision-making and growth-oriented pursuits. Effective time management will enhance your productivity, reduce stress, and enable you to make the most of each day.
Build a Strong Network. Successful entrepreneurs understand the power of networking and relationship building. Cultivate the habit of attending industry events, joining professional organisations, and actively engaging in online communities. Surround yourself with like-minded individuals, mentors, and potential partners. By building a strong network, you gain access to valuable resources, receive guidance from experienced entrepreneurs, and open doors to new opportunities.
Develop Effective Communication Skills. Effective communication is vital for entrepreneurs, whether it’s pitching ideas to investors, collaborating with team members, or connecting with customers. Practice active listening, articulate your thoughts clearly, and develop strong interpersonal skills. Embrace different communication channels, including public speaking, writing, and digital platforms. By honing your communication skills, you can convey your vision persuasively, build strong relationships, and inspire others to support your entrepreneurial endeavors.
Embody Adaptability. In today’s fast-paced business environment, adaptability is essential for entrepreneurial success. Develop the habit of embracing change, seeking feedback, and staying flexible in your approach. Be willing to pivot when necessary and adjust your strategies based on market trends and customer feedback. By embodying adaptability, you can stay ahead of the curve, seize emerging opportunities, and navigate through uncertain times with confidence.
Prioritise Self-Reflection. Entrepreneurs often get caught up in the daily grind and neglect self-reflection. However, taking time to evaluate your progress and introspect is crucial for personal and professional growth. Cultivate the habit of journaling, meditation, or mindfulness practices. Reflect on your accomplishments, challenges, and areas for improvement. By prioritising self-reflection, you gain clarity, make better decisions, and develop a deeper understanding of yourself and your entrepreneurial journey.
Embrace Risk-Taking. Entrepreneurship inherently involves taking risks. To nurture your entrepreneurial spirit, develop a habit of calculated risk-taking. Understand the potential rewards and consequences of each decision, conduct thorough research, and trust your instincts. Learn from failures, iterate, and adapt. By embracing calculated risk-taking, you can uncover new opportunities, gain a competitive edge, and propel your entrepreneurial ventures forward.
Practice Resilience. Resilience is the ability to bounce back from setbacks and challenges. As an entrepreneur, it is crucial to develop resilience as a daily habit. Surround yourself with a supportive network, take care of your physical and mental well-being, and maintain a positive mindset. View failures as learning experiences, embrace challenges as opportunities for growth, and persevere in the face of adversity. By practicing resilience, you can overcome obstacles, maintain your focus, and ultimately achieve long-term success.
Nurturing an entrepreneurial spirit requires the cultivation of specific habits that foster personal growth, resilience, and adaptability. By embracing continuous learning, cultivating resilience, fostering creativity, practicing effective time management, building a strong network, developing effective communication skills, embodying adaptability, prioritising self-reflection, embracing risk-taking, and practicing resilience, you can enhance your entrepreneurial mindset and increase your chances of success. Incorporate these habits into your daily routine, and watch yourself grow into a successful and thriving entrepreneur.
BUSINESSRISKTV PICK THE WINNING HORSES IN BUSINESS
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Emerging Risks and Trending Risks In Focus Now
How can CEOs senior management teams risk managers business owners and entrepreneurs make the right decisions more often? Find out whats on the horizon. Understand better the business risks acting on your business right now.
Find ways to grow faster and protect your business better
How do business enterprise key decision makers use limited resources more cost effectively and more successfully?
The pace of business change is increasing. How many people will drive for a living in the next decade? How many people will work in warehouses in next 10 years? What new risks are emerging for businesses when the dramatic changes of 4th Industrial Revolution expected soon are commonly in place?
Cyber crime or error is just one of the threats. How should a business like Amazon react if they are threatened by a cyber criminals who say they have the capability to shut down its warehouse and distribution drones! They presumably have not but even if it was never possible how would Amazons share price react? What will this mean for Amazon’s ability to borrow to invest in its future?
Like Amazon every business has its own most threatening risks and most exciting opportunities to grow.
Both the threats and the opportunities mean rapid changes are afoot for most businesses in the coming decade. With limited resources, what should your business focus on?
Do you have the time and energy to cope especially with information overload disrupting your ability to pick the right key risks to manage and which to accept or avoid.
Change does not mean bad disruption to the norms change can bring good disruption for your business
Are you innovative? Is your business innovative? Do you have people in your business who are innovative?
Sure you are! Yes it is! Yes you do! You may not have found the best way to harness a well of innovation in your business till now.
BusinessRiskTV and its business partners will facilitate an innovative process in your business to overcome good and bad disruptive risks facing your organisation now and in future :
There are cheaper ways to do what you do now
Experts in business can help you
Get a quiet night’s sleep knowing threats are reduced
Seize a competitive advantage to grow faster
Collaborate to maximise the investment in your own assets
Solve the big questions being asked of your business
Positive Risk Management
Get the answers you need to know what to do next that will have the best net positive impact on your business. What are the critical risk factors you need to manage? How viable are your existing business opportunities?
Some corporate risks are mature and well known but how does YOUR business manage them in the most cost effective way? Other corporate risks are just emerging. Do you know which ones present the biggest threats and opportunities for your business?
If you know what the key risks are do YOU oversee the impact on your business or have you delegated it?
Do others in your organisation want to seize a business advantage of your competitors as much as you do? Do your competitors want any of your existing business revenue?
No you can not do everything yourself but are you creating the right risk management culture to ensure that others are of the same mind as you?
If you are not changing your failing!
Do you currently have a sustainable business model?
Have you assessed and managed your competitive advantages to squeeze the best out of your existing resources in terms of performance?
Do you have a Business Enterprise Risk Management Road Map to make achieving your business objectives more likely?
What role should enterprise risk management play in business and not for profit organisations? Do you like enterprise risk management ERM and want to learn more. Looking for practical enterprise risk management solutions for your business?
Managing business risks better with BusinessRiskTV.com
Leadership perspective to enterprise risk management
Working with senior managers executives business owners and entrepreneurs to embed practical enterprise risk management ERM solutions.
Enterprise risk management will not provide any net benefit to the organisation if its leaders don’t buy in to the principles the benefits of risk assessment process and the framework the best performing companies conform to.
Business leaders must agree the risk appetite and risk tolerance of the organisation before the risk assessment process can begin
The risk assessment process is a good management tool but it can be nullified corrupted and cost the organisation money and performance if it doesn’t operate within and support the risk culture of the business.
Enterprise wide perspective on corporate risks
Strategic operational and project risks all need to be included in the risk management framework and risk assessment process to provide consistency of business decision-making to improve performance of the business.
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Learn how to grow a business lessons from leading entrepreneurs, management consultants and key business decision-makers in business.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Learn how to grow a business lessons from leading entrepreneurs, management consultants and key business decision-makers in business.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Learn how to grow a business lessons from leading entrepreneurs, management consultants and key business decision-makers in business.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Learn how to grow a business lessons from leading entrepreneurs, management consultants and key business decision-makers in business.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Learn how to grow a business lessons from leading entrepreneurs, management consultants and key business decision-makers in business.
Develop a new business expansion strategy with BusinessRiskTV.com
Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.
New strategies for growing your business
Faster growth ideas are easy to implement with BusinessRiskTV and its sister websites and business partners. Discover innovative business solutions will you you to grow your business faster.
Enterprise risk management is the management of the effect uncertainty on business or enterprise objectives. An organisation should create the risk management framework upon which to apply and embed the principles of risk management and the risk assessment process.
Improve your risk knowledge to solve business problems today and in future
Effective enterprise risk management ERM should focus on managing risks better not measuring risks. Many business leaders think they have an effective ERM system of working, but in fact they have a detailed risk assessment process. This may or may not manage risks better.
The process of identifying risks assessing risks and developing strategies to manage risks better
The risk assessment process must factor in the risk perception and risk culture of the organisation. The risk perception of the assessor so can greatly skew the risk assessment process in a direction that results in either too much or too little risks being taking.
Too much financial cost will be incurred controlling risk disproportionately or the opportunity cost of taking too little risk may mean the business fails to grow as fast as it could with existing resources.
The outcomes of business activities and decision-making are uncertain. There is therefore a risk that the decisions taken are good ones or bad ones.
Enterprise risk management ERM is about trying to increase the number of good decisions and reduce the number of bad decisions to make achieving business objectives easier cheaper and more profitably or more efficiently, in the case of not-for-profit organisations.
ISO 31000 Risk Management
Identify assess and prioritise action and resources to manage enterprise risks better
Reduce the effect of uncertainty on the objectives you have set for your business or enterprise. Use ERM to pull together your available resources to create a coordinated and cost effective risk management plan. Use your existing resources to more confidently improve your business performance.
Minimise the threats to your business objectives. Maximise the opportunities open to your business.
Learn methods of risk management in business
Update your process of risk management in business
Discover new risk management echniques
Taking risks is part of corporate success. You need to take risks to grow and develop. In an ever changing business environment you have to effectively manage risks to achieve more with certainty.
Minimising enterprise threats and maximising business growth
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Understand enterprise risks impacting on your organisation. Analyse and manage risks to make sure you achieve your organisations objectives.
Enterprise Risk Management ERM is an integrated holistic and joined up approach to managing risk across an organisation and its extended networks
BusinessRiskTV
BusinessRiskTVs objective is to build business intelligence in enterprise risk management in all industries and across the globe. Read enterprise risk management articles and watch videostreaming online.
Business risk assessment tools techniques and tips with BusinessRiskTV.com
Identify and assess your business risks. Identify risks to your business objectives. Control strategic operational and project risks. Prioritise the use on your limited resources after assessment of the key risks.
Subscribe to BusinessRiskTV for free alerts and bulletins on how to assess business risks
Learn how to assess risk and create a risk management plan to improve business performance. Identify cost effective controls to mitigate and reduce risks.
Managing Business Risks Better with C&C Associates
Evaluate business risks. Identify and assess factors with downside impact on corporate objectives, or upside potential to boost business performance.
Find out about a different more risk based approach to planning your business’s future success.
Develop a new process of identifying risks, assessing risks and developing new strategies to manage risks facing your organisation.
Manage the internal risks and external risks facing your business better
Learn from peers and risk assessment experts. Continuously improve your own risk assessment process. Pick up tips on how to embed and integrate risk assessment into your enterprise’s strategic, operational and project decision-making.
Regularly meet online wherever you are in the world to speak to your peers and risk assessment experts. Collaborate on agreed risk assessment projects or learn during risk assessment workshops to improve your risk knowledge and risk management skills.
See a different risk perspective based on others experiences and risk knowledge that will provide a different enterprise risk insight
Improve the effectiveness of your risk assessment process to boost your enterprise performance
Like minded individuals working to improve risk assessment best practices
Improve your corporate risk and strengthen your resilience
Develop a new risk based strategy to enhance your business performance with BusinessRiskTV.com
Research the best business management solutions for your business. Develop an effective enterprise risk management ERM plan and strategy for greater business success. Integrate enterprise risk management principles and practices to grow your business faster with less uncertainty.
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Risk Management Online 27000 plus members and counting
Risk Management Online has over 27000 members from around the world who are interested in business enterprise risk management solutions
Positive Risk Management
Get enterprise strategic and operational business solutions
Ask business management experts to help remove your uncertainty and improve your business performance. We support the aim of Risk Management Online to promote the use of enterprise risk management ERM to better protect and grow businesses wherever they want to operate in the world
We collaborate with Risk Management Online members on specific projects for mutual benefit of the participating project leaders. Finding a better way to do business is the overriding aim.
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Do you think your business could do better than it presently does or is likely to do in the near future?
Most businesses could do better. Small and medium sized businesses SMEs need to be more innovative than large corporate entities if they are to grow to compete with the big boys one day!
We think that many innovative business minds are under utilised. Is yours?
Get in touch. At the very least, we can point you in the direction of the free Risk Management Online group with more than 27000 members. There you can ask for help and solve some business problems for free. Alternatively you could join BusinessRiskTV and its business partners who seek to creatively collaborate on new business solutions on specific projects.
You could even create you own business project
Call in business risk experts to help you overcome barriers restricting your business.
Improve your business performance with BusinessRiskTV.com enterprise risk management training courses.
Do you want to manage enterprise risks better?Develop your enterprise risk management knowledge. Practical enterprise risk management training courses online and in classroom.
Expand Your Risk Knowledge of Enterprise Risk Management ERM
Learn how the ERM discipline can benefit your business performance. Internal and external risks can have a downside impact on your organisation’s ability to achieve its objectives. The flipside is that they can have an upside potential on your business success.
Managing Business Risks Better with C&C Associates
Enterprise risk management ERM is a holistic integrated approach to business decision-making. A risk based approach moves away from the simple bean-counting approach of financial risk to explore the true impact on your business of enterprise risks.
We have a range of enterprise risk management services including training, mentoring and business promotion to ensure that the upside potential of risk is not lost in your business strategy.
Contact us to schedule a free online meeting to discuss your business needs;
We will present a report recommending action to reduce uncertainty in your business planning;
Implementation of the recommendations will involve working in partnership with you to achieve your objectives.
