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Mastering Business Risk in 2025

Geniuses or the Insane? Mad People Are the Ones Crazy Enough to Create a New World

The modern business landscape is more dangerous, complex, and unpredictable than ever before. Globalisation, rapid technological advancements, and socio-political instability have created a world where only those brave enough to embrace uncertainty and take risks stand a chance of thriving. It is no coincidence that the greatest breakthroughs in history were driven by individuals often considered “mad” by conventional standards. These risk-takers, innovators, and disruptors challenged the status quo and envisioned a world different from what was thought possible. In this chaotic world, it is the mad who hold the key to future progress.

As a world economic expert advising business leaders, I argue that this “madness” is not just a quirk of personality, but an essential characteristic for navigating the stormy seas of the 21st century business world. Leaders who are willing to take calculated risks, question established norms, and explore new possibilities are the ones most likely to survive and thrive in the rapidly evolving global marketplace.

In this article, I will demonstrate how the increasingly dangerous business environment calls for a radical shift in risk-taking. I’ll explore key political, economic, social, technological, legal, and organisational risks that will shape the world in 2025 and beyond. Finally, I will explain how the BusinessRiskTV Business Risk Management Club can help business leaders like you make better decisions, safeguard your enterprise, and accelerate growth through informed risk management practices.

The Dangerous World of Business Today

The business environment in 2024 is more dangerous than ever before, and these dangers are accelerating at an alarming rate. Global disruptions such as the COVID-19 pandemic, the war in Ukraine, and the rapid rise of inflation have sent shockwaves through industries worldwide. Supply chain disruptions, labour shortages, and rising costs of goods have become everyday challenges for business leaders. Moreover, the global financial system is increasingly volatile, with fears of an impending recession continuing to loom.

At the heart of these dangers is unpredictability. Traditional models of business planning and risk management are no longer sufficient to deal with the scale and pace of modern challenges. The linear, incremental risks of the past have given way to cascading, interconnected crises that require a fundamentally different approach to decision-making. Business leaders are forced to navigate through an increasingly complex web of risks, where a single miscalculation can spell disaster for an entire organisation.

The Acceleration of Risks in 2025 and Beyond

The world is evolving at a breakneck pace, and the risks are evolving with it. As we approach 2025, several key trends are accelerating, making the business environment even more dangerous and uncertain:

– Technological Disruption: The rapid advancement of artificial intelligence (AI), automation, and quantum computing is transforming industries at an unprecedented rate. While these technologies offer tremendous opportunities for businesses, they also come with significant risks, such as job displacement, cybersecurity threats, and ethical dilemmas.

– Geopolitical Instability: Global power shifts, trade wars, and political tensions are becoming more pronounced, leading to a fragile global order. The rising influence of authoritarian regimes, coupled with growing nationalism and protectionism, poses significant risks for businesses that rely on global markets and supply chains.

– Environmental Crisis: Climate change continues to wreak havoc on ecosystems, economies, and industries. Extreme weather events, resource scarcity, and regulatory changes related to sustainability are becoming existential threats to businesses in many sectors.

– Societal Shifts: Demographic changes, social justice movements, and evolving consumer expectations are reshaping industries. Businesses are under increasing pressure to adapt to changing societal norms, with reputational risk at an all-time high.

These dangers are not hypothetical; they are happening now and will only intensify in the coming years. Business leaders must recognise that the world is not becoming safer or more predictable, and they must adapt their risk management strategies accordingly.

Political, Economic, Social, Technological, Legal, and Organisational Risks in 2025

As we look toward 2025, businesses will face a host of risks that span political, economic, social, technological, legal, and organisational dimensions. Understanding these risks and their potential impact is critical for making informed business decisions.

Political Risks

Political instability is one of the most significant risks facing businesses in 2025. Governments around the world are becoming more unpredictable, with populism, nationalism, and authoritarianism on the rise. Trade tensions, such as the ongoing U.S.-China trade war, will continue to disrupt global supply chains, leading to higher costs and reduced access to key markets. Moreover, the increasing politicisation of environmental and social issues could lead to stricter regulations and greater government intervention in industries such as energy, technology, and finance.

Opportunities: Businesses that are nimble and adaptable can exploit political instability to their advantage. For example, companies that diversify their supply chains and markets can reduce their exposure to geopolitical risks and capture new opportunities in emerging markets.

Economic Risks

The global economy is facing a period of prolonged uncertainty, with rising inflation, supply chain disruptions, and labor shortages threatening to derail growth. Central banks tightened monetary policy in response to inflation, raising interest rates and reducing liquidity. This is leading to a global recession, which would have far-reaching consequences for businesses across all sectors.

Opportunities: While economic downturns are challenging, they also create opportunities for businesses that are prepared. Companies with strong balance sheets and access to capital can take advantage of lower asset prices and acquire competitors or expand into new markets at a discount.

Social Risks

Social risks are becoming more pronounced as societies around the world undergo significant demographic and cultural shifts. The ageing population in developed countries is creating labour shortages and increasing the demand for healthcare and social services. Meanwhile, social justice movements are forcing companies to reassess their diversity, equity, and inclusion (DEI) policies, with consumers and employees increasingly demanding accountability and transparency.

Opportunities: Companies that proactively address social risks can build stronger relationships with their customers and employees. By aligning their values with those of their stakeholders, businesses can enhance their reputational capital and attract talent and investment.

Technological Risks

Technological advancements are both a blessing and a curse for businesses. On one hand, technologies such as AI, blockchain, and the Internet of Things (IoT) offer immense potential for innovation and growth. On the other hand, they also introduce new risks, such as data breaches, cyberattacks, and the ethical implications of AI decision-making.

Opportunities: Businesses that embrace technological innovation while managing its risks will have a competitive advantage in 2025. By investing in cybersecurity, data privacy, and ethical AI frameworks, companies can build trust with their customers and regulators.

Legal Risks

The legal landscape is becoming more complex as governments around the world introduce new regulations in response to technological advancements, environmental concerns, and social issues. Data protection laws, such as the European Union’s General Data Protection Regulation (GDPR), are imposing significant compliance costs on businesses. Meanwhile, climate-related litigation is on the rise, with companies facing lawsuits over their environmental impact.

Opportunities: Companies that stay ahead of legal trends and invest in compliance can avoid costly fines and litigation. Moreover, businesses that adopt sustainable practices and transparent reporting can build trust with regulators and investors.

Organisational Risks

Organisational risks are internal risks that stem from a company’s structure, culture, and processes. As businesses become more complex and globalised, they face challenges related to governance, leadership, and talent management. Poor decision-making, lack of accountability, and misaligned incentives can lead to operational failures and reputational damage.

Opportunities: Companies that prioritise organisational resilience and invest in leadership development can mitigate these risks. By fostering a culture of innovation, agility, and accountability, businesses can adapt to changing circumstances and seize new opportunities.

The Benefits of Joining the BusinessRiskTV Business Risk Management Club

In this increasingly dangerous and uncertain world, business leaders cannot afford to go it alone. The challenges of 2025 and beyond are too complex and interconnected for any one organisation to navigate on its own. That is why joining the BusinessRiskTV Business Risk Management Club is essential for any business leader looking to protect and grow their enterprise.

Collective Intelligence and Shared Insights

The BusinessRiskTV Business Risk Management Club brings together a community of like-minded business leaders, risk managers, and experts from around the world. By joining this network, you gain access to a wealth of collective intelligence and shared insights. You can learn from the experiences of others, share best practices, and stay informed about the latest trends and developments in risk management.

Expert Guidance and Strategic Advice

As a member of the BusinessRiskTV Business Risk Management Club, you will receive expert guidance and strategic advice from some of the world’s leading risk management professionals. Our experts will help you identify and assess the risks facing your business, develop effective risk mitigation strategies, and make informed decisions that will safeguard your enterprise.

Access to Cutting-Edge Tools and Resources

The BusinessRiskTV Business Risk Management Club provides its members with access to cutting-edge tools and resources that can help you manage risks more effectively. From risk assessment frameworks and decision-making models to real-time data analytics and forecasting tools, our resources are designed to give you a competitive edge in an increasingly complex world.

Networking and Collaboration Opportunities

Joining the BusinessRiskTV Business Risk Management Club also gives you access to exclusive networking and collaboration opportunities. You can connect with other business leaders, risk managers, and experts from a wide range of industries and geographies. These connections can lead to valuable partnerships, collaborations, and business opportunities.

Preparing for the Future

Ultimately, the greatest benefit of joining the BusinessRiskTV Business Risk Management Club is your preparedness for the future. In an era where unprecedented risks are coupled with immense opportunities, being proactive about risk management is key to business longevity and growth. The year 2025 and beyond will usher in rapid technological shifts, evolving political landscapes, and ongoing societal changes that businesses must navigate to thrive. Companies that fail to anticipate these shifts will struggle to adapt, while those equipped with the right knowledge and strategies will seize new growth opportunities and outperform their competition.

By joining our community, you will be better equipped to anticipate disruptions, develop agile strategies, and mitigate potential risks before they become existential threats to your business. The tools, insights, and support provided by the BusinessRiskTV Business Risk Management Club will ensure that you not only survive but thrive in a world of uncertainty.

Summary: The Time to Act Is Now

The business world is fraught with accelerating risks, from political instability to technological disruption, economic volatility, and social upheaval. The complexity of these challenges means that no business leader can afford to rely on traditional, reactive approaches to risk management. Instead, visionary leaders must embrace the spirit of “madness”—the willingness to take bold risks, challenge the status quo, and prepare for an unpredictable future.

As a business leader, your greatest asset is your ability to make informed decisions in the face of uncertainty. By joining the BusinessRiskTV Business Risk Management Club, you gain access to a global network of experts, strategic advice, and cutting-edge tools designed to help you navigate the complexities of the modern business world. You will be equipped with the knowledge and resources needed to protect your business and seize the opportunities of tomorrow.

Now is the time to take action. The risks are growing, but so are the possibilities. Join the BusinessRiskTV Business Risk Management Club today and be part of a community of business leaders who are crazy enough to believe that they can create a better future—because in a mad world, it’s the mad who will lead us to new horizons.

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The Global Threat of Government Censorship and Its Impact on Business Leaders: A Critical Analysis

Freedom of Speech and Business Risk: A Vital Connection

Freedom of speech is the cornerstone of democracy, enabling the free exchange of ideas, information, and opinions. For business leaders, this freedom is essential in evaluating risks, assessing markets, and making informed decisions. The ability to speak openly, criticise policies, and question norms allows leaders to gather diverse perspectives, facilitating the identification of true business risks and the mitigation of potential threats.

Freedom Of Speech

However, when governments impose censorship, the free flow of information is compromised. George Orwell’s observation, “Journalism is printing what someone else does not want printed; everything else is public relations,” rings true, especially in the corporate world. Suppression of information prevents leaders from accessing accurate risk assessments, leaving them vulnerable to false perceptions that can hinder strategic planning. Without freedom of speech, business leaders are unable to gauge real threats, creating a facade of stability while underlying risks go unnoticed.

In business, risk management relies heavily on access to honest, unfiltered information. Without it, companies face decisions based on distorted realities, making them susceptible to unforeseen disasters. For instance, a company might enter a seemingly stable market, only to discover later that political unrest was censored, thus misjudging the risk. Understanding genuine business risks requires a transparent and open environment where information flows freely, enabling businesses to act preemptively and avoid potential crises.

19 Reasons Why Censorship is Detrimental to Business Risk Management

1. Distorted Market Perception: Censorship leads to the suppression of unfavourable market trends or political instability, creating a misleading view of the business environment.

2. Restricted Access to Critical Data: Business leaders are deprived of key information, such as economic data or political developments, that could impact their decisions.

3. Inability to Assess Political Risks: Governments that censor political dissent make it difficult to understand the underlying political risks that could destabilise markets or sectors.

4. Misinformation Proliferation: When free speech is stifled, misinformation and propaganda take its place, leading to poor business decisions based on false narratives.

5. Poor Investment Decisions: Without access to the truth, businesses may invest in unstable regions or industries without recognising the risks.

6. Undermined Trust: Censorship creates an environment of uncertainty and mistrust, as business leaders are unable to trust the information they receive from censored sources.

7. Innovation Suppression: In markets where free expression is limited, innovation is stifled, reducing opportunities for businesses to develop new products or services.

8. Erosion of Corporate Transparency: Companies in countries with strict censorship may be forced to comply with opaque government policies, reducing their own transparency and ethical standards.

9. Ethical Dilemmas: Businesses operating in censored environments may face ethical conflicts, especially if they are required to comply with censorship laws that conflict with their values.

10. Lack of Early Warning Signs: In censored regimes, the lack of open discourse prevents businesses from recognising early signs of social or political unrest, which could affect market stability.

11. Barriers to Global Collaboration: Censorship in one region can prevent companies from collaborating effectively with global partners who have access to more accurate information.

12. Limited Crisis Management: In crisis situations, real-time information is critical. Censorship delays or blocks access to vital information, hampering effective crisis management.

13. Regulatory Ambiguities: Censorship often comes with ambiguous regulations that are inconsistently enforced, creating legal risks for businesses operating in those regions.

14. Increased Corruption: Censorship often goes hand in hand with corruption, which increases operational risks for businesses in censored markets.

15. Poor Reputation Management: Censorship limits a business’s ability to manage its reputation, especially if false information about the company cannot be challenged in the public domain.

16. Workforce Demoralisation: Employees working under censorship may feel powerless to voice concerns or report wrongdoing, leading to poor morale and reduced productivity.

17. Unreliable Supply Chain Management: Businesses rely on accurate information to manage supply chains, especially in times of disruption. Censorship hides supply chain risks, leading to operational inefficiencies.

18. Consumer Misinformation: Censorship can distort consumer opinions and preferences, leading businesses to make misguided marketing decisions.

19. Overreliance on Government Data: In censored environments, business leaders may be forced to rely solely on government-provided data, which could be manipulated to conceal economic or political instability.

How Business Leaders Can Access Real Risk Analysis in Censored Environments

While government censorship presents a significant challenge to business risk management, there are several strategies that business leaders can adopt to access real risk analysis and make informed decisions.

1. Leverage Independent Media: Independent media outlets often provide uncensored news and insights. By diversifying news sources and focusing on independent journalism, businesses can gain a clearer understanding of political, economic, and social risks.

2. Collaborate with International Experts: Engaging with international analysts, consultants, and academic institutions can provide a more global perspective on local risks. These experts often have access to uncensored data and can provide insights that local sources might not.

3. Invest in Private Risk Assessments: Businesses can commission private risk assessments from independent firms that specialise in market analysis, political risks, and economic trends. These firms often have access to unfiltered information through their global networks.

4. Monitor Social Media and Online Communities: In many censored environments, dissenting voices find alternative channels of expression through social media, encrypted communication platforms, or online forums. Monitoring these platforms can provide early warning signals of unrest or instability.

5. Use Open-Source Intelligence (OSINT): OSINT involves collecting and analysing publicly available information from a variety of sources, including social media, public forums, satellite imagery, and international news outlets. OSINT can provide invaluable insights into emerging risks.

6. Engage Local Partners with Caution: Local partners with insider knowledge of censored regions can provide on-the-ground intelligence. However, it’s crucial to assess the reliability and motivations of these partners to ensure unbiased reporting.

7. Consult Think Tanks: Many think tanks operate independently and provide valuable research on political, social, and economic risks in censored regions. Their reports can offer a more transparent view of the business landscape.

8. Adopt Corporate Diplomacy: Building strong relationships with local governments, regulatory bodies, and international organisations can help businesses navigate censored environments more effectively. Corporate diplomacy enables leaders to gain insider knowledge and negotiate better terms for their operations.

9. Encourage Internal Whistleblowing: Within organisations, encouraging internal whistleblowing mechanisms can help businesses identify risks that might otherwise be concealed by external censorship. Ensuring employees feel safe to report concerns is essential for maintaining transparency.

10. Participate in Global Business Networks: Engaging with global business networks such as chambers of commerce, trade associations, and multinational corporations can offer a broader perspective on the risks associated with censored regions. These networks often share critical insights based on their own experiences.

11. Utilise Blockchain for Transparency: In environments where censorship affects financial and transactional transparency, blockchain technology can provide a decentralised, tamper-proof record of transactions, ensuring that businesses maintain clear oversight of their operations.

The Benefits of Independent Business Risk Analysis via BusinessRiskTV and the Business Risk Management Club

Given the limitations imposed by government censorship, accessing independent and reliable business risk analysis is more important than ever. This is where platforms like BusinessRiskTV and the Business Risk Management Club play a crucial role.

At BusinessRiskTV, we specialise in providing independent business risk insights that are free from the influence of government censorship. Our team of global risk experts offers real-time analysis, helping businesses to navigate complex markets and make informed decisions based on transparent and unbiased data. By joining the Business Risk Management Club, business leaders can access a wealth of knowledge, tools, and resources to better manage the risks associated with censored environments.

Here are some of the key benefits of independent business risk analysis via BusinessRiskTV and the Business Risk Management Club:

1. Access to Unfiltered Information: We provide insights into global markets that are not influenced by government propaganda or censorship, ensuring that business leaders receive accurate information.

2. Real-Time Risk Analysis: Our team monitors global trends in real-time, providing businesses with timely and relevant updates on political, economic, and social risks.

3. Expert Insights: Our network of analysts, consultants, and industry experts ensures that members receive comprehensive and diverse perspectives on potential risks.

4. Early Warning Systems: We identify early warning signs of instability in censored regions, allowing businesses to act proactively and mitigate potential risks.

5. Tailored Risk Assessments: BusinessRiskTV offers personalised risk assessments based on your specific industry, market, and business goals, ensuring that your business strategy is aligned with real-world risks.

6. Collaborative Risk Management: As a member of the Business Risk Management Club, you’ll have the opportunity to collaborate with other business leaders, share insights, and develop strategies for managing risks in challenging environments.

7. Ethical Business Practices: Our platform encourages ethical business practices and transparency, helping you to navigate the legal and moral challenges that come with operating in censored markets.

8. Educational Resources: BusinessRiskTV provides a wide range of educational resources, including webinars, reports, and case studies, to help business leaders stay informed about the latest trends in risk management.

By utilising independent business risk analysis through BusinessRiskTV, business leaders can gain a competitive edge, reduce uncertainty, and make more informed decisions. In an increasingly complex global landscape, the ability to access independent, uncensored information is not just a competitive advantage – it is essential for survival. In today’s interconnected world, the risks facing businesses are multifaceted and often hidden behind a veil of censorship, propaganda, and misinformation. Accessing real, accurate data allows companies to make decisions that are not only profitable but also sustainable in the long term.

Why Independent Business Risk Analysis Matters

For business leaders operating in a world of increasing censorship, having access to independent risk analysis is critical. The risks of relying solely on censored or biased information are too great. With false perceptions of stability, businesses may make poor investments, overlook political risks, and expose themselves to significant financial and operational hazards.

Moreover, independent risk analysis fosters transparency and trust—two pillars that are foundational to long-term business success. It helps companies operate ethically, making decisions that align with their values and ensuring that they are prepared for whatever challenges may arise.

Independent platforms like BusinessRiskTV not only provide an essential service for businesses seeking to navigate censored environments, but they also ensure that decision-making is based on objective, fact-driven insights. When businesses are equipped with accurate risk data, they can move confidently in their markets, mitigate potential crises before they escalate, and maintain their reputation even in the face of external pressures.

Joining BusinessRiskTV’s Business Risk Management Club: A Strategic Move for Business Leaders

For business leaders seeking to navigate the complex, and often opaque, global business environment, joining BusinessRiskTV’s Business Risk Management Club provides access to independent, reliable, and actionable risk insights. The club is designed to equip its members with the tools, knowledge, and networks needed to not only survive but thrive in the face of growing censorship and misinformation.

Through BusinessRiskTV’s global network of risk experts and partners, members can stay ahead of potential threats, identify emerging risks, and develop proactive strategies for managing uncertainty. The collaborative nature of the club also enables business leaders to share their experiences, learn from one another, and build a community of informed and empowered decision-makers.

Conclusion: The Power of Independent Business Risk Analysis

Censorship is a growing challenge for businesses worldwide, distorting the perception of risk and complicating decision-making processes. In an era where governments increasingly control the flow of information, the importance of independent business risk analysis cannot be overstated. Business leaders need reliable, uncensored data to accurately assess risks and avoid making decisions based on manipulated or incomplete information.

BusinessRiskTV’s Business Risk Management Club offers a solution to this challenge, providing business leaders with access to real-time, unbiased risk assessments that allow them to make informed, ethical, and strategic decisions. By leveraging independent analysis, businesses can protect their interests, build resilience, and ensure long-term success even in the face of global censorship.

Ultimately, the ability to navigate censorship, misinformation, and political risks will define the success of businesses in the future. By embracing independent risk analysis, business leaders can ensure they are prepared for the challenges ahead and are in a position to seize opportunities in an ever-changing world. Join BusinessRiskTV’s Business Risk Management Club today and equip your business with the insights it needs to succeed in a complex, censored world.

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Black Swan Event Risk Analysis

They tend to happen when the fewest people are engaged; for example on a weekend or national holiday.

Is Your Business Ready for the Next Black Swan Event?

Business leaders, how are you preparing for the unpredictable? A Black Swan event can disrupt industries overnight. Share your strategies and let’s discuss the unthinkable scenarios that could redefine risk management. Are you ready?

Black Swan Event Risk Management

Risk Management Think Tank Discussion

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UK Food Security Under Threat: 2024 and Beyond – A Guide for Businesses and Consumer

Business risk management food industry UK

Looming Fork in the Road: UK Food Security Threats in 2024 and 2025

The UK food landscape is facing a multitude of challenges, threatening the stability and affordability of our food supply. In June 2024, a stark warning letter from a collective force of industry leaders – the National Farmers’ Union (NFU), British Retail Consortium (BRC), Food & Drink Federation (FDF), and UK Hospitality – highlighted the severity of these threats. As a food security expert, I want to delve into the key issues impacting UK consumers and businesses in 2024 and 2025, and explore strategies to navigate these turbulent times.

The Intertwined Threats:

The challenges affecting UK food security are interconnected, creating a ripple effect throughout the entire system. Here’s a breakdown of the major threats:

Disrupted Global Supply Chains: Repercussions from the ongoing geopolitical situation and lingering effects of the pandemic continue to disrupt global supply chains. This makes it harder and more expensive to source ingredients and finished food products from abroad, impacting both availability and cost.
Climate Change: The UK is experiencing increasingly extreme weather events like droughts and floods, leading to a decline in agricultural productivity. This disrupts domestic food production and disrupts the delicate balance between imports and self-sufficiency.
Rising Input Costs: The cost of fertilisers, fuel, and animal feed has skyrocketed due to global factors and supply chain disruptions. This puts a significant strain on farmers’ margins and ultimately trickles down to consumer prices.
Labour Shortages: The agricultural and food processing sectors are facing labour shortages, impacting both production and distribution. This shortage is driven by a combination of factors like competition from other sectors, and a lack of skilled workers entering the workforce.
Biosecurity Threats: The risk of animal and plant diseases spreading into the UK remains a constant concern. Outbreaks can significantly disrupt production and lead to food shortages.

Impact on Consumers:

These threats will have a direct impact on UK consumers in several ways:

Higher Food Prices: Consumers can expect to see continued price increases across a range of food items due to rising production and import costs. This could disproportionately affect low-income households, potentially leading to food insecurity.
Reduced Choice: Supply chain disruptions and potential shortages may lead to a reduced variety of food products available on supermarket shelves. Consumers might have to adapt their shopping habits and embrace a less diverse diet.
Quality Concerns: In a scenario where readily available options become limited, consumers might have to make compromises on food quality, opting for less fresh or processed alternatives.

Challenges for Businesses:

Food businesses, from farms to retailers, face a challenging environment:

Profitability Squeeze: Rising input costs, coupled with potential pressure on prices from consumers, will squeeze profit margins for businesses across the food supply chain.
Supply Chain Disruptions: The continued volatility in global supply chains will disrupt sourcing and distribution patterns, making it difficult for businesses to secure consistent supplies and manage inventory effectively.
Labour Market Challenges: The labour shortage will continue to make it difficult for businesses to find and retain skilled workers, impacting efficiency and productivity.
Consumer Confidence: Rising food prices and potential shortages could erode consumer confidence, leading to changes in purchasing behaviour and potentially impacting sales.

Building Resilience: A Call to Action

While the situation presents significant challenges, there are steps businesses can take to build resilience and navigate these difficult times.

Diversifying Sourcing: Exploring alternative suppliers and diversifying sourcing strategies can help businesses mitigate the risks associated with disruptions in any single source.
Investing in Domestic Production: Supporting British farmers and investing in domestic production can help reduce reliance on imports and improve the overall security of the UK food supply.
Embracing Innovation: Technological advancements in agriculture, such as precision farming and vertical farming, can help boost yields and improve resource efficiency.
Workforce Development: Investing in training and upskilling programmes can help address the labour shortage and ensure a skilled workforce for the future of the food sector.
Building Strong Relationships: Building strong partnerships throughout the supply chain can facilitate communication and collaboration, allowing businesses to adapt to changing circumstances more effectively.

Joining the Conversation:

For business leaders interested in proactive risk management strategies to navigate these challenges, the Business Risk Management Club offered by BusinessRiskTV can be a valuable resource. This club provides a platform for leaders to:

Stay Informed: Gain insights from leading experts on the latest developments in food security threats and risk management strategies.
Connect with Peers: Network with other business leaders in the food sector to share experiences and develop collaborative solutions.
Access Best Practices: Learn from successful companies and discover best practices for building resilience and mitigating food security risks.

By joining the Business Risk Management Club, businesses can gain the knowledge and connections necessary to navigate the complex challenges of the UK food security landscape.

A Look Ahead:

The coming years will be critical for the UK food sector. By acknowledging the threats, taking proactive measures to build resilience, and fostering collaboration, businesses can play a vital role in ensuring a secure and affordable food supply for the nation. The combined efforts of businesses, policymakers, and consumers will be crucial in steering the UK food system towards a more sustainable and secure future.

Call to Action:

Don’t wait until a crisis hits. Take action today. Explore the resources offered by the Business Risk Management Club and join the conversation with other industry leaders. Together, we can build a more resilient food system for the UK.

About Risk Management Expert Authors:

Our food security experts have extensive experience in farming, agriculture and food and drink production. If you are an expert in these areas and want to promote your services please contact us. Our experts are passionate about building a sustainable and secure food system for the UK.

Note further articles of possible interest :

Risk mitigation strategies for threats including e.g. climate change, discuss drought-resistant crops and water conservation techniques.
Examples of businesses successfully implementing risk management strategies to build resilience.
Risk insights into potential government policies that could support a more secure food system.

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Higher-For-Longer Interest Rates

Western central banks have to choose between rising inflation or systemic collapse of traditional financial systems including banks and shadow banks.

The Stubborn Fire: Why Inflation Persists and Interest Rates Remain Elevated (April 2024)

As a Western world economic expert, I’m here to address the concerning reality: inflation isn’t fading as quickly as hoped, and central banks are likely to maintain higher interest rates for an extended period. Let’s delve into the twelve key reasons behind this situation, illustrated with specific examples and data:

1. Lingering Supply Chain Disruptions: The pandemic’s scars haven’t fully healed. A 2023 study by the McKinsey Global Institute found that global container freight rates remain 300% higher than pre-pandemic levels. In the United States, port congestion in Los Angeles and Long Beach persists, with an average of over 100 container ships waiting to unload as of April 2024. These bottlenecks continue to disrupt the flow of goods, keeping prices elevated.

2. The Ukraine War’s Ripple Effect: The ongoing conflict in Ukraine is a significant disruptor. Global oil prices reached a record high of $135 per barrel, a direct consequence of sanctions on Russia, a major oil exporter. This has a domino effect, pushing up transportation costs and impacting the prices of a wide range of goods. Additionally, Ukraine, known as the “breadbasket of Europe,” is struggling to export its vital wheat crop, leading to concerns about global food security and rising food prices.

3. Labour Market Tightness: The post-pandemic job market is remarkably tight in many Western economies. In the US, for example, the unemployment rate hovered around 3.5% in early 2024, near a 50-year low. Businesses across sectors are struggling to fill vacancies, with a record number of open positions reported in March 2024. This strong demand for labor translates to wage pressures. While a March 2024 report by the Federal Reserve Bank of Atlanta showed average hourly earnings increasing by 5.2% year-over-year, some sectors like leisure and hospitality are experiencing even steeper wage growth. While wage increases are positive for workers, they can also fuel inflation if businesses pass on these costs to consumers.

4. De-globalisation Trends: Geopolitical tensions and a growing emphasis on national security are prompting some countries to re-evaluate their reliance on globalised supply chains. The US government, for instance, is investing in domestic semiconductor production to reduce dependence on Asian manufacturers. This trend, while in its early stages, could lead to inefficiencies and higher production costs in the long run, potentially feeding into inflation.

5. Persistent Shelter Costs: Housing costs, a significant component of inflation calculations (typically around one-third in the US Consumer Price Index), remain stubbornly high. The median existing-home sale price in the United States reached a record $407,600 in March 2024, a 17% increase year-over-year. This is due to a confluence of factors – low inventory (driven by factors like pandemic-related construction delays), rising construction costs due to material shortages, and strong investor demand for rental properties. Experts predict a slow correction in housing prices, meaning shelter costs will likely continue to exert upward pressure on inflation.

6. Climate Change’s Impact: The increasing frequency and intensity of extreme weather events due to climate change are disrupting agricultural production and straining supply chains. Hurricane Fiona’s devastation in the Caribbean in late 2023 is a stark example. Additionally, the transition to a low-carbon economy requires investments in clean energy infrastructure, which can put upward pressure on prices in the short term. For instance, the cost of solar panels and wind turbines has risen due to supply chain disruptions and increased demand for raw materials.

7. Anchored Inflation Expectations: If consumers and businesses become accustomed to consistently rising prices, they might adjust their expectations accordingly. This can lead to a self-fulfilling prophecy, where wage-price spirals become entrenched. For instance, a University of Michigan survey in March 2024 showed that consumers’ long-term inflation expectations remained elevated at around 4.5%, significantly higher than the central bank’s target of 2%. This highlights the importance of central banks managing inflation expectations through clear communication.

8. Fiscal Policy Challenges: Government spending increased significantly during the pandemic to support economies and businesses. While necessary at the time, ongoing fiscal deficits can contribute to inflationary pressures by pumping more money into the system. The US federal budget deficit, for instance, reached a record $2.8 trillion in fiscal year 2023. America is borrowing an extra £1 trillion dollars every 100 days at present. Balancing growth concerns with fiscal consolidation presents a delicate challenge for policymakers. Implementing targeted measures that support specific sectors or vulnerable populations, while avoiding broad-based stimulus, is crucial to managing inflation.

9. The Global Energy Transition: The shift towards renewable energy sources is crucial for long-term sustainability. However, the transition requires significant investments in new infrastructure, which can be inflationary in the short term. For instance, the cost of building new solar and wind farms, as well as battery storage facilities, has increased due to supply chain constraints and rising material costs. Additionally, the intermittent nature of renewables might necessitate backup sources like natural gas, keeping energy prices volatile. A balanced approach that prioritises clean energy development while ensuring grid stability and affordability is essential.

10. The “Whiplash” Effect: The rapid tightening of monetary policy by central banks could have unintended consequences. Businesses facing higher borrowing costs might cut back on investments, potentially leading to slower economic growth. This “whiplash” effect, where aggressive interest rate hikes trigger a recession, needs careful management. Central banks need to clearly communicate their policy trajectory and be data-dependent, adjusting the pace of tightening as economic conditions evolve.

11. The “Behind the Curve” Narrative: Central banks were initially hesitant to raise interest rates, fearing a premature dampening of economic recovery. This delay in policy response might require a more aggressive tightening now to achieve desired inflation targets. The Federal Reserve, for example, waited to begin raising rates, after inflation had already reached a 40-year high. This underscores the importance of central banks acting pre-emptively to prevent inflation from becoming entrenched.

12. The Asymmetry of Monetary Policy: Unlike raising rates, lowering them is a quicker and more potent tool. This asymmetry makes it challenging for central banks to fine-tune their approach. They might need to keep rates higher for longer to ensure inflation doesn’t resurge once initial progress is made. Additionally, central banks need to be mindful of financial stability risks as they tighten monetary policy.

The Road Ahead and the Importance of Clear Communication

The current situation demands a multi-pronged approach. Central banks will likely maintain their focus on raising interest rates until inflation shows sustained signs of retreat. Governments need to implement targeted fiscal measures that support growth without adding fuel to the inflationary fire. Businesses need to invest in ways to improve supply chain resilience and productivity. Finally, continued international cooperation is essential to address the global challenges like the war in Ukraine and climate change that are contributing to inflationary pressures.

Western countries interest rates are more likely to be higher for longer. This risks systemic collapse of the banking and shadow banking systems and may drive world into deep economic depression it will take 5 plus years to recover from.

While the path ahead is challenging, it’s crucial to remember that central banks have successfully tamed high inflation in the past. By taking decisive action and working together with governments and businesses, we can overcome this hurdle and achieve a more stable and sustainable economic future.

Crucially, clear communication from central banks is paramount in managing public expectations and fostering confidence in their ability to control inflation. Regular press conferences, detailed economic forecasts, and transparent explanations of policy decisions are essential. This builds trust and helps to prevent financial market panic in the face of rising interest rates. By working together and communicating effectively, policymakers, businesses, and individuals can navigate this complex economic environment and achieve a return to price stability.

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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.

Maximise Your Business Success: Proven Strategies for Better Strategic Decision-Making for Business Leader

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The #1 Thing People Get Wrong About Lloyds Bank

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.

The #1 Thing People Get Wrong About Lloyds Bank

Which door will you pick to enter a new era of business post-pandemic?

BusinessRiskTV Risk Management Toolbox Talks

Even if we wanted to return to pre-pandemic days, this will not be for months, perhaps years. However, we should not aspire to return to pre-pandemic days with the dawning of a new era of business innovation, creativity and aspiration to change to something better.

Pandemic Business Recovery with BusinessRiskTV — Which door will you pick to enter a new era of business post-pandemic?

The pandemic has been tough on businesses. Fight back in 2021! Take a balanced risk management approach to recovery.

The Zoom meeting link will be published on LinkedIn around 24 hours before the online meeting on the 15th December 2020 at 5:00 – 5.30pm GMT. Don’t miss out on our virtual Risk Management Toolbox Talk hosted by Keith Lewis, [email protected].

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Uncertainty of international trade expanding or contracting impacting on your business objectives

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
Date:	Friday 15th January 2021
Time:	5:00 pm – 5:30 pm (GMT)
Speaker:	Keith Lewis

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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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Uncertainty of international trade expanding or contracting impacting on your business objectives

Small Business Coaching Packages

BusinessRiskTV Business Coaching Services

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.

eBusiness Coaching Mentoring with BusinessRiskTV

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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.

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Small Business Coaching Packages

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!

The Ultimate Guide To Risk Management

How to start or grow an existing business with help and business advice from BusinessRiskTV.com

We will guide your business to being better protected and grow faster with less uncertainty.

Importance Of Risk Taking In Entrepreneurship — **Importance Of Risk Taking In Business**

WHO WE WORK WITH

Professional Risk Management Services — **Pro Risk Manager Service**

Are you missing out on business opportunities to grow your business?

Reacting rather than proactively engaging all your business resources and effort on what really matters. Do you really know where your business is going or could go? Or has your business exposed itself to too much or too little business risk?

Most businesses are owned or led by clever hard working and ambitious leaders who just need business management strategy and risk management tools to enable them to make risk balanced business decisions confidently.

HOW IT WORKS FOR YOU

Over many years of enterprise risk management experience together with risk consulting and training business owners and executives we will implement a unique proven business growth system which enables dynamic creative and ambitious business leaders to look at the bigger picture to make holistic enterprise wide decisions to create business value that engages all business assets more cost effectively and productively.

By working closely together to understand you your ambitions your risk management attitude and your business risks we can help you embed the best business management strategy to achieve more with existing assets.

What should you expect from us:

Increased profits and income
More engaged and productive team
More balanced risk taking with quiet nights sleep
Expansion of income streams
Ongoing experienced professional risk management support and mentoring
Flexibility and agility to cope with changing business environment and challenges
Reduced stress and more drive to achieve more with what you have
Clarity of vision and clear business risk map to achieve life and business goals
Increased business opportunities and ability to seize them more fully

We work together to make your business perform better.

WHAT TO DO NOW

If you are a clever hard working and ambitious leader with an established business with a team of at least 5 people and would like to transform your business to create more value from your business assets then contact us and we can arrange a time to speak and explore possibilities.

Helping you survive and thrive through coronavirus Covid19 pandemic

Covid19 Business Risk Management — **Covid Business Recovery Plan**

Use our holistic enterprise wide risk management approach to business decision making to navigate your way through this global economic crisis

Understand the key threats and opportunities from the pandemic. Make choices more confidently. Alternatively pick from our armory your weapon of choice to protect and grow your business regardless of the future risks. Risk management consulting and training services can be selected to fit your every need.

Use the right business risk management tool for your business

Best Enterprise Risk Management Practices — **Subscribe to BusinessRiskTV.com for free enter code #BusinessIntelligence**

Learn how to use risk management tools and techniques to help you make decisions quickly with more confidence

Contact us to find out how we can help your business grow faster with less uncertainty

Complete and submit the form below for free 30 minute risk management consultation. Book an appointment today for free so that we can understand what your business needs. We may then be able to help you create a risk management plans and offer business advice to help you. Enter code #BusinessGuide.

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Business risk management tips and advice from BusinessRiskTV

#BusinessRiskTV #BusinessGuide #BusinessAdvice #BusinessTips #BusinessCoach #BusinessTraining #RiskConsulting #RiskTraining #RiskAdvice

BusinessRiskTV Business Guide

An Exclusive Sneak Peak At What’s Next For Risk Management Guidance

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.

Subscribe to BusinessRiskTV for free alerts bulletins and reviews to your email inbox

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.

Read latest risk management guidance or watch videos

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An Exclusive Sneak Peak At What’s Next For Risk Management Guidance

Diversify supply chains to reduce reliance on one country or supplier

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.

Supply Chain Risk Management Articles Discussion Live On Demand Video Streaming To Help You Manage Risks Better

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Reducing the risk of supply chain disruptions

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.

Supply Chain Risk Management BusinessRiskTV

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Complete and submit the form below and enter code #SupplyChainRisks.

Join our free online supply chain risks group discussion

ASK TO JOIN SUPPLY CHAIN MANAGEMENT DISCUSSIONS NEWS OPINIONS AND REVIEWS

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 France Germany 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.

Promote and market your supply chain risk related business on BusinessRiskTV for 12 months

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.

Link into your existing sales process 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.

Supply Chain Risk Consulting

Get help from one of our Supply Chain Risk Consulting Partners to manage your supply chain risks better.

BusinessRiskTV Risk Partners enter code #SupplyChainRiskConsultingQuote

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Global Supply Risks And COVID-19 Pandemic Health Risk Management

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.

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Diversify supply chains to reduce reliance on one country or supplier

Knowledge Marketplace

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.

The Knowledge Marketplace

Global Risk Report Discussion Analysis and Review On BusinessRiskTV

Visiters to BusinessRiskTV can ask questions to get better answers quicker

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.

Join today for free. CLICK HERE and enter code #KnowledgeMarketplace or email [email protected]

Making a market in knowledge in our online knowledge market

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.

CONTACT US FOR MORE INFORMATION ON OUR KNOWLEDGES MARKET

Enter code #KnowledgeMarket

Promote and market your knowledge on BusinessRiskTV for 12 months

Find out how to promote your business locally and globally. CLICK HERE to find out more entering code #KnowledgeMarketing.

Place your products or services in front of new clients already interested in your type of business offering before your competitors do.

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.

Knowledge Marketplace Directory

Want to list your knowledge and expertise in our Knowledge Marketplace Directory?
Are you running any deals discounts or special offers you want more key business decision makers to know about?
Could you write an advertorial to advertise your knowledge and inform our readers?
Could you produce a short video promoting your knowledge and providing business insight or business intelligence?

Reach more new customers with our Knowledge Marketplace and BusinessRiskTV magazines.

Click on Register Now or email [email protected] entering code #KnowledgeMarketplaceDirectory

Read knowledge market related articles and watch videostream trending on BusinessRiskTV

Building Risk Knowledge and Experience

Overcome Barriers To Greater Business Success Quicker With BusinessRiskTV

Business Growth With Less Uncertainty Forums

Business Risk Management New Learning Hub

Use risk management experts to help you make right choices

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Discover new innovative ways to protect and grow your business with BusinessRiskTV

BusinessRiskTV Knowledge Marketplace

Sharing of business intelligence to give you an edge

Business intelligence articles on BusinessRiskTV.com

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.
BusinessRiskTV

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
BusinessRiskTV

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.
BusinessRiskTV

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.

Subscribe to BusinessRiskTV for free alerts and bulletins on better business management tips advice and support

Promote and market your business on BusinessRiskTV for 12 months

Put your business products or services in front of people who are ready to buy from your type of business. Give your business a competitive edge with BusinessRiskTV services. Increase revenue streams more profitably. Grow faster.

Reach influencers key decision makers and the business leaders who will buy from your business

Read business intelligence and risk knowledge articles and watch videostream trending on BusinessRiskTV

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Want to maximise your profit?

The more confident you become in your business risks the faster you will make decisions

Risk Executive Grapevine

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BusinessRiskTV Sharing of business intelligence to give you an edge

The more confident you become in your business risks the faster you will make decisions

Be confident in your business decisions with BusinessRiskTV.com

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.

Promote and market your business on BusinessRiskTV for 12 months

Put your business products or services in front of people interested in your business offering.

Link in to your existing sales process from BusinessRiskTV. Increase your income streams and sales. Boost your profit.

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Discover new ways to protect and grow your business with BusinessRiskTV

#BusinessRiskTV #BetterBusinessDecisions #RiskKnowledge #BusinessIntelligence #BI #EnterpriseRiskManagement

BusinessRiskTV The more confident you become in your business risks the faster you will make decisions

Entrepreneurs Forum and Online Conference Workshops

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.

Supporting entrepreneurs through good and bad times

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.

Subscribe to BusinessRiskTV for free alerts and bulletins on entrepreneurship online events and workshops

Promote and market your business on BusinessRiskTV for 12 months

Need an eBusiness Mentor?

Find out how to promote your business locally and globally.

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BusinessRiskTV Entrepreneurs Forum and Online Conference Workshops

Financial success always beats other stakeholder interests?

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.

Pick a more balanced risk management strategy for the benefit of all stakeholders

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.

Better Business Decision Making Faster Business Growth More Corporate Enterprise Success

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.

Adopt enterprise risk management methodology to improve your business performance

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.

Plan for long term business resilience

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
BusinessRiskTV

Use better stakeholder management to drive future success and growth for the long term.

Subscribe to BusinessRiskTV for free alerts and bulletins from top business thought leaders locally and globally

contact us for more information on holistic enterprise risk management approach to business management with businessrisktv

Promote and market your business on BusinessRiskTV for 12 months

Reach influencers key decision makers and the business leaders who will buy from your business

Read management articles and view videostream

Develop a more holistic enterprise risk management approach to business management for long term business success.

Future planning for business success with BusinessRiskTV

Holistic approach to business planning

Fundamentally change your approach to business management

How do you determine your key business risks

Dig the well before you are thirsty

Different locks must be opened with different keys

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BusnessRiskTV Financial success always beats other stakeholder interests?

Do you want to get in front of more potential customers next decade?

Ways to get new customers with BusinessRiskTV.com

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.

Find out more about business development opportunities

Join our business development workshops online

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.

Discover upcoming training opportunities

Marketing your business more cost effectively with BusinessRiskTV

Online marketing with BusinessRiskTV

Discover innovative ways to promote and market your business more cost effectively with BusinessRiskTV.

Marketing Ideas

Promote and market your business on BusinessRiskTV for 12 months

Reach influencers key decision makers and the business leaders who will buy from your business

Read business development articles and watch videostream trending on BusinessRiskTV

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Business Innovation and Skills Development For Business Growth

Risk Knowledge BusinessRiskTV Importance Of Knowledge Management

What to do differently to increase revenue or reduce costs?

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#BusinessRiskTV #BusinessDevelopment #BusinessGrowth

BusinessRiskTV Do you want to get in front of more potential customers next decade?

Risk management leaders magazine for risk management news opinions reviews

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.

Managing business risks better with BusinessRiskTV

CONTACT US FOR MORE INFORMATION ON RISK MANAGEMENT AND DISCOVER INNOVATIVE WAYS TO GROW YOUR BUSINESS FASTER WITH LESS UNCERTAINTY

Enter code #RiskLeadership

Promote and market your business on BusinessRiskTV for 12 months

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BusinessRiskTV Risk management leaders magazine for risk management news opinions reviews

Emerging trends in business management

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

Future Of Work Trends

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

Enter code #EmergingTrendsInBusinessManagement

Beat Your Competitors To New Business Growth with BusinessRiskTV

Grow Your Business With Us

Discover How To Beat The Competition In Sales

Promote and market your business on BusinessRiskTV for 12 months

Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #EmergingTrendsInBusinessManagementMarketing

Put your products or services in front of new people already interested in your type of business offering before your competitors do.

Link into your existing online 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.

Emerging Trends In Business Management Directory

Want to list your business on our Emerging Trends In Business Management Directory?
Are you running any deals discounts or special offers on emerging trends in business management you want more people to know about to grow your business faster?
Could you write an advertorial on emerging trends in business management to promote your business products or services whilst informing our readers?

Reach more new customers with BusinessRiskTV.

Click on Register Now or email [email protected] entering code #EmergingTrendsInBusinessManagementDirectory

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BusinessRiskTV Emerging trends in business management

Building business relationships and increasing business value

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.
BusinessRiskTV

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

CONTACT US FOR MORE INFORMATION ON DEVELOPING BUSINESS COLLABORATION IDEAS WITH BUSINESSRISKTV ONLINE NETWORK OF BUSINESS LEADERS

Promote and market your business on BusinessRiskTV for 12 months

Cost effective ways to market your business online with BusinessRiskTV

Read risk management articles to grow your business faster and watch videostream trending on BusinessRiskTV

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Innovative Ideas For Business Development with BusinessRiskTV Innovative Ideas For Business Growth

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C-Suite Executive Leadership Forum BusinessRiskTV C-Suite Network

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BusinessRiskTV Building business relationships and increasing business value

A blind horse always frightens itself

Business Risk Insight and Business Intelligence with BusinessRiskTV.com

Do not get nervous get prepared! Being better prepared will give you more risk insight. Having a better handle on your business risk profile will give you more confidence. Taking more risks with confidence will increase chances of improve business performance and better business results.

Understanding your business risk profile better will enable you to identify analyse assess and manage business threats and opportunities for greater business resilience and success. Stay calm with risk management knowledge and business intelligence. Know what you do when you need to do it whatever the business environment throws at your business.

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

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More Efficient and Effective Business Decisions

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

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

Academics from the University of Malmo in Sweden say meetings provide an outlet for people at work to show off their status or to express frustration.
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Managers should have clearly defined roles and accountability that they have agreed to and these should be directly linked with the strategic operational and project objectives of the business.

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

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

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

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

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

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

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Key factors that lead to successful businesses

Why will your business be successful?

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Understand business risks. Explore the key factors that lead to successful business. Apply the relevant risk management measures. Take the risk first before the competition clicks on.

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There are a number of key factors that led to successful business. Successful business leaders understand that being in business is about managing the risks from change. Unsuccessful business leaders tend to blame their failures on economic climate changes and their successes on their brilliant business management skills!

The UK retail sector is suffering major painful changes. Tens of thousands of jobs have been lost as major retailers collapsed or contracted. Yet the UK retail marketplace has some examples of major retailers bucking this trend blamed on the UK economy by unsuccessful retail business managers.

By applying their risk management knowledge successful businesses can act quicker and with more confidence it will work out
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Not taking risks is not an option for most business leaders. However many risk factors coming together can appear daunting. Enterprise risk management looks at the big picture and helps you identify the steps to a better business in future.

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What a business risk assessment should include

Business risk assessment elements should fit your business culture. Some people do not like numbers. Some do. Your business risk assessment template should reflect the culture of your organisation.

A business risk assessment is a systematic process that helps organisations identify, evaluate, and prioritise risks that may impact their operations, financial performance, and reputation. It is an essential tool for managing risk and ensuring the long-term viability of a business.

There are several key elements that a business risk assessment should include:

Identifying the risks: The first step in the risk assessment process is to identify the potential risks that the business may face. This can include internal risks, such as operational inefficiencies or employee misconduct, as well as external risks, such as market changes or natural disasters.
Evaluating the risks: Once the risks have been identified, the next step is to evaluate their potential impact on the business. This includes considering the likelihood of each risk occurring, as well as the potential consequences if it does.
Prioritising the risks: After evaluating the risks, the next step is to prioritise them based on their potential impact on the business. This will help the organisation focus its resources on the most significant risks and develop strategies to mitigate them.
Developing risk management strategies: Once the risks have been prioritised, the next step is to develop strategies to mitigate them. This can include implementing control measures to prevent or reduce the likelihood of risks occurring, or transferring the risk to another party through insurance or other means.
Monitoring and reviewing the risks: The risk assessment process is ongoing and should be regularly reviewed and updated to ensure that it remains relevant and effective. This includes monitoring the risks and identifying any new or emerging risks that may have arisen since the last assessment.

In summary, a business risk assessment should include the following key elements:

Identifying the risks
Evaluating the risks
Prioritizing the risks
Developing risk management strategies
Monitoring and reviewing the risks

Every business faces risks that could be a threat to its success

The business leaders who are better prepared for these risks and have a cost effective risk management plan and business strategy are more likely to be more successful.

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Develop a suitable risk assessment process to assist with your risk management plan preparation. Review your existing risk management process to ensure it is fit for purpose in a rapidly changing marketplace. Successful entrepreneurs have a good strategic operational and project risk management attitude and business culture that is flexible enough to cope with any economic environment.

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Factors for successful business

There are numerous factors that can contribute to the success of a business. Here are some key factors that are often considered critical for building and maintaining a successful business:

Clear Vision and Strategy: A successful business requires a clear vision and a well-defined strategy. This includes setting goals, defining the direction of the business, and developing a roadmap to achieve those goals.

Market Research and Understanding Customer Needs: Understanding the market and identifying customer needs are essential for success. Conducting thorough market research, identifying target customers, and tailoring products or services to meet their needs is critical in building a successful business.

Strong Leadership: Effective leadership is crucial for the success of any business. It involves providing direction, making decisions, motivating employees, and fostering a positive work culture. Strong leadership skills help in guiding the business through challenges and achieving the desired outcomes.

Financial Management: Proper financial management, including budgeting, cash flow management, and financial planning, is vital for the long-term success of a business. Sound financial management practices help in ensuring that the business remains financially stable and can weather economic uncertainties.

Quality Products or Services: Delivering high-quality products or services is essential for building a loyal customer base. Providing value to customers and consistently meeting or exceeding their expectations builds trust and helps in retaining customers, which is critical for the success of any business.

Effective Marketing and Branding: Successful businesses understand the importance of effective marketing and branding. Creating a strong brand presence, developing marketing strategies to reach the target audience, and promoting products or services effectively can lead to increased visibility, customer acquisition, and revenue growth.

Innovation and Adaptability: In today’s dynamic business environment, innovation and adaptability are crucial for success. Successful businesses continuously innovate, adapt to changing market trends, and find new ways to stay relevant and competitive in the market.

Efficient Operations and Processes: Streamlining operations and processes can improve efficiency, reduce costs, and enhance customer satisfaction. Implementing effective systems and processes, optimising the supply chain, and leveraging technology can lead to improved productivity and operational excellence.

Talented and Engaged Workforce: A skilled and motivated workforce is vital for the success of any business. Hiring and retaining top talent, providing opportunities for growth and development, fostering a positive work culture, and promoting employee engagement can lead to higher productivity and overall business success.

Customer Relationship Management: Building strong customer relationships is crucial for long-term success. Providing excellent customer service, maintaining open lines of communication, addressing customer feedback, and building customer loyalty are key factors that contribute to the success of a business.
These are some of the key factors that can contribute to the success of a business. However, it’s important to note that success is multifaceted and can vary depending on the industry, market, and individual circumstances. It’s essential to carefully plan, execute, and continuously adapt to changing circumstances to achieve long-term business success.

Strategic Partnerships and Networking: Collaborating with strategic partners and building a strong network can provide valuable opportunities for business growth. Strategic partnerships can help access new markets, share resources, and leverage complementary strengths, while networking can lead to new business leads, partnerships, and valuable industry insights.

Risk Management: Successful businesses recognize the importance of managing risks. This includes identifying and mitigating potential risks, having contingency plans in place, and being prepared to handle unexpected challenges. Effective risk management can help protect the business from potential setbacks and ensure its resilience.

Flexibility and Adaptability: Business environments can change rapidly, and successful businesses are agile and adaptable. Being open to change, willing to pivot when necessary, and embracing innovation can help a business stay ahead of the competition and navigate through uncertainties.

Continuous Learning and Improvement: Successful businesses are always learning and improving. Keeping up with industry trends, staying updated with technology, and seeking feedback from customers and employees can provide valuable insights for making informed decisions and driving continuous improvement.

Strong Customer Focus: Putting the customer at the center of the business is crucial for success. Understanding customer preferences, delivering excellent customer experiences, and building customer loyalty can lead to repeat business, positive word-of-mouth, and a strong brand reputation.

Ethical and Responsible Business Practices: Operating with integrity, practicing ethical business standards, and being socially responsible can build trust and credibility with customers, employees, and other stakeholders. Demonstrating responsible business practices can contribute to long-term success and sustainability.

Resilience and Persistence: Building a successful business is not always easy, and setbacks and failures are inevitable. Successful businesses demonstrate resilience, learn from failures, and persist in the face of challenges. Perseverance, determination, and the ability to bounce back from setbacks are key traits of successful entrepreneurs.

Long-term Planning and Goal-setting: Having a long-term vision and setting realistic goals is important for business success. Long-term planning allows for strategic decision-making, resource allocation, and monitoring progress towards achieving business objectives.

Adapting to Digital Transformation: In today’s digital age, successful businesses embrace digital transformation. This includes leveraging technology for automation, digital marketing, data analysis, and online presence to stay competitive and meet changing customer preferences.

Monitoring and Measuring Key Performance Indicators (KPIs): Successful businesses monitor and measure key performance indicators (KPIs) to track progress, identify areas for improvement, and make data-driven decisions. Regularly analysing KPIs provides insights into the health and performance of the business and helps in making informed decisions.

In conclusion, building and maintaining a successful business requires a combination of various factors. It’s important to have a clear vision, understand the market and customer needs, demonstrate effective leadership, manage finances wisely, deliver quality products or services, market and brand effectively, innovate, and adapt to changing environments. Additionally, building a strong team, managing risks, focusing on customer satisfaction, practicing responsible business ethics, and being resilient and persistent are key factors that contribute to long-term business success.

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

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Leaders can manage uncertainty in various ways. Some bury their head in sand. Others adopt a belts and braces approach to risk control incurring imbalanced costs to benefits.

We can not guarantee you greater business success. We can help inform your business decision making process. You will be more likely to make better business decisions.

When facing doubts or uncertainty many business leaders turn to their gut instinct. Rolling the dice may turn up the result you are aiming for. This may work for you. However better risk management information may enable you to choose a different path. Or it may over procrastination to drive forward growth with more confidence. Not making a decision can be as bad as instinctively shooting off blindly.

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Will you suffer catastrophic loss to disruptive innovation or become a business disruptor yourself

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Protect yourself and benefit from innovation driven business growth

The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.

Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now. Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.

Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!

Pull in our resources to make innovation-driven business growth more likely to succeed and maximise the return of your investment of time and money.

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If you don’t have time to be innovators you may need to find time to protect against business market disruptors

Fatal existential business decisions are easy to see in hindsight. Foresight consultants can help you take steps to protect yourself from your own poor business decisions.

Anyone can take a wrong turn. If you’re lucky the decision may not be malignant. You might survive to fight another day. On the other hand.

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Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.

How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.

The best form of defence is often attack

Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.

We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.

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Taking risks is critical for heightened business success. Too much or too little risk taking exposes an enterprise unnecessarily or restricts business performance unwittingly. Missed opportunities can be as expensive as massive business losses.

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You Control the Solutions to Your Business Problems: Exploring Creative Thinking and Problem Solving in Business

In the dynamic landscape of business, problems are inevitable. From operational inefficiencies to market challenges, businesses face a myriad of obstacles that require strategic thinking and effective problem-solving skills. The ability to identify, analyse, and resolve these issues is crucial for organisational success and growth. This article explores the significance of problem solving in the business realm, delving into the BusinessRiskTV model as a powerful tool for addressing challenges. Furthermore, it highlights the role of creative thinking in problem solving and provides three practical ways businesses can leverage creativity to overcome obstacles.

Understanding the Solution to Business Problems
Before diving into the solutions, it is essential to grasp the concept of business problems and their significance. Business problems can range from operational bottlenecks to strategic dilemmas, and their resolution plays a vital role in maintaining competitive advantage and ensuring sustainability. By identifying the root causes of problems and employing appropriate problem-solving techniques, businesses can create innovative solutions that drive progress and success.
The BusinessRiskTV Model of Problem Solving
The BusinessRiskTV model offers a structured approach to problem solving, enabling businesses to navigate challenges effectively. This model involves six key steps: problem identification, analysis, solution generation, evaluation, implementation, and review. By following these steps, organisations can systematically address problems, ensuring comprehensive and sustainable solutions. The model encourages a proactive mindset, emphasising the importance of continuous improvement and learning from past experiences.
The Importance of Solving Business Problems
Solving business problems holds numerous benefits for organisations. Firstly, it helps optimise operational efficiency by identifying and eliminating inefficiencies, reducing costs, and improving productivity. Secondly, problem solving enables businesses to adapt to changing market conditions, seize opportunities, and stay ahead of the competition. Furthermore, effective problem-solving fosters a culture of innovation, empowering employees to think critically and contribute to the organisation’s growth.
Leveraging Creative Thinking in Problem Solving
Creative thinking plays a crucial role in solving complex business problems. By encouraging fresh perspectives, challenging assumptions, and exploring unconventional solutions, businesses can unlock new possibilities and generate innovative ideas. This section explores three key ways in which organisations can utilise creative thinking:

a. Divergent Thinking: Encouraging brainstorming sessions and open discussions enables teams to generate a wide range of ideas. By embracing diversity and inclusivity, businesses can tap into the collective wisdom of their workforce and uncover unique solutions.

b. Design Thinking: This human-centered approach emphasises empathy, understanding, and collaboration. By immersing themselves in the customer’s perspective, businesses can develop innovative solutions that cater to their needs, preferences, and pain points.

c. Reverse Thinking: This approach involves challenging the status quo and flipping the problem on its head. By questioning assumptions and exploring alternative perspectives, businesses can discover fresh insights and uncover unconventional solutions.

What is the solution to the problem in the business? What is the McKinsey model of problem solving? Why is it important to solve business problems? What are 3 ways a business can use creative thinking to solve business problems? — What are business problems you may need to solve today?

Solving business problems is an imperative aspect of organisational success. By embracing the BusinessRiskTV model and incorporating creative thinking, businesses can take control of their challenges and pave the way for innovation and growth. The ability to identify problems, analyse their root causes, and generate effective solutions enables organisations to adapt to dynamic market conditions and gain a competitive edge. Moreover, by fostering a culture of creative thinking, businesses can unlock new perspectives and ideas, fueling continuous improvement and long-term success. Ultimately, the power to control the solutions to business problems lies within the organisation itself, and by leveraging their resources, knowledge, and creativity, businesses can overcome obstacles and thrive in an ever-evolving business landscape.

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Then take action to reduce the risk of failure

What is achievable in your business?

Know with more certainty what your business could achieve if it makes some changes.

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Once you know what your biggest business problems are you can identify how to best use limited business resources to reap the quickest gains to achieve greater business success more quickly.

Too often people in business at all levels of the organisation are working extremely hard. This can be a problem because they can burn out whilst solving problems that do not matter to the achievement of key business objectives. Solutions include employing more staff to work on the same minor business problems then business leaders wonder why they are spending more without any increase in business productivity and no business performance improvement.

Improving business performance requires better use of existing key business assets for a better return in your investment of time and money.

Develop the quality and capacity of your workforce to achieve more for themselves and the business

Training employees to help themselves will help your business achieve its objectives by overcoming the biggest business problems more easily with existing resources.

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What are your biggest business problems

If you can’t answer this question immediately, right now, then you are missing out on quick more profitable gains to easily make your business more successful.

If you can answer this question immediately and with near absolute certainty then you should be performing pretty efficiently already. If not why haven’t you taken steps to remove barriers to your greater business and personal success?

Develop a new business management strategy with a new decision making process designed to help you identify evaluate and manage your biggest business problems more cost-effectively. If you can’t tell us what your biggest problems are in a very short summary of the key information then you haven’t truly identified your biggest critical business problems impacting on your business objectives.

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You could develop a new business strategy for success that is less complicated, cheaper to implement and brings greatest rewards if you change your thinking about business management.

This could be a pivotal momentum for your business

You either know exactly what you need to do today to change your business trajectory or you may need a little outside help. BusinessRiskTV can provide that help. If you do not need help we wish you well for the future. If you do need help get in touch below and tell us what you need help with.

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What is the key to business success for your company

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.

To survive and prosper you need to grow your customers. Either more income from existing customers or find new customers to sell more to. What is your strategy for business growth?

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Key to business success

The right key for your business may differ slightly from the key that works for another business. BusinessRiskTV can help you find the right key for driving your business performance to greater business success.

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Let us help you tell the world about your great business products or services

The risks that surround growing your business faster can be as daunting as the risk of an event interrupting normal existing business activities. Our holistic risk management approach will manage upside and downside risks better to help upgrade and expand your business with more confidence in your decision making. Improve the outcomes from your preferred business choices.

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What is it you want for your business

We can help you get it. We know you are passionate about growing your business. We are passionate about helping you grow your business faster.

We’ll help you ask the right questions of your business and help you find the answers. More than that we will help you implement the actions needed to make your business more successful.

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Why Do Businesses Need Leaders

Develop your business leadership skills with BusinessRiskTV

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.

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Leaders are needed at all levels of the business

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.

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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.

How do you find the business leaders in your business and bring business leaders together to focus on sustainable business growth?

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.

Is your business a zombie business, or worse a business that’s about to hit the rocks?

Find ways to grow faster and protect your business better

Make better decisions today. Overcome tough decision-making issues faster. Make your team follow you. Lead by example but make sure everyone in your team is engaged you yours and their future.

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Executives business experts and influencers join BusinessRiskTV to discuss the key threats and opportunities in the world of business.

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BusinessRiskTVs news and current affairs programme with original stories, exclusive interviews online audience debate and breaking business and lifestyle news.

BusinessRiskTV with live coverage of business breaking news and lively debate on the big business issues of the day.

Stay up to date on the days top business and lifestyle stories with the latest breaking news as it happens.

On our daily blog and vlog we provide live business and lifestyle news coverage of the latest events. Gain risk insight. Develop your business knowledge. Tap into business intelligence including financial markets the global economy and corporate developments.

React to business news and developing corporate issues. Watch business risk analysis from global business experts.

Learn the top things you need to know about your personal finance and corporate financial news. Whats happening in the global economy that can affect your business objectives. Make your life and business decisions easier because you will be more informed.

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Are You An Entrepreneur Or Business Leader Who Is Procrastinating Or Fearful Of The Future?

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UK Business Growth Opportunities

Business leaders need confidence in their decision making and entrepreneurial thinking to find new business opportunities.

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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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