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How to get a better job UK

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Looking for better job opportunity

How to get a better paying job.

How to get a better paying job

Want a better job

Tips for finding a better job

Finding a better job may not mean you have to leave your present employer. An existing employer may have new job opportunities for you if you move side ways as well as up. Moving sideways for same pay may give you the opportunity in near future to lift your career to a new level.

Search and apply for jobs

Find and apply for jobs online with help from BusinessRiskTV.com. Fill your job vacancies.

Assuming you are leaving to find a better job BusinessRiskTV can help your career breakthrough to better pay and a more rewarding opportunity.

Find a better job

Many great companies work with BusinessRiskTV to find solutions to their business problems. One problem for employers is the growing skills gap. Many businesses do not have enough of the right skilled workforce to do what they need to do.

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Develop the career you want not the one you have fallen into

Ever feel trapped in your job? Want to feel more wanted? If you have the aptitude and a good work ethic there are many unfilled job vacancies in the UK.

However great opportunities rarely simply fall into your lap. You have to graft at career development to speed up the process and become a success.

Developing your career faster means you will get more money as a by product of your success, so its not being greedy wanting more money. It is part and parcel of being more successful in your career development.

In the UK we tend to be a bit more reserved. Talking about wanting a better paid job and career progression may be frowned upon You’re too big for your own boots but it is okay to moan about being skint. Not having enough money to do the things you want in life can normally only be solved by looking for a better job unless you win the lottery!

If you want a better job you’re going to have to work hard at finding a better job. BusinessRiskTV can assist though you will still need to put in the time but if you do then you will get a better job. It is the law of supply and demand. If you have the talent then you’re dream job is out there so get grafting now!

However better paying jobs aren’t always better jobs. Sometimes better paying jobs are the jobs most people don’t want to do and thats why you get premium pay level. Make sure you know what’s out there and then work hard at putting yourself in the best position to secure your dream job.

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Guide To Cyber Risk Management

Protect your business from common and developing cyber risks

Rising To The Challenge Of Cyber Risk Management

Protect your business better from cyber risks with help of BusinessRiskTV. What is happening in the world of cyber risks? What are the emerging cyber risks which could impact on your business in future? What is the threat from interconnectivity?

Businesses must prepare for cyber risks which are changing in nature and the resulting business disruption costs financial damages and reputational damages are rising. Senior managers and executives need to develop their skills and cyber risk knowledge to manage the risks better.

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BusinessRiskTV Hackers News: Protecting Your Business in the Age of Cyber Threats

In today’s interconnected world, the threat of cyber attacks and hacking has become an ever-present concern for businesses of all sizes. The advent of advanced technologies and the widespread use of the internet have created new opportunities for hackers to exploit vulnerabilities and gain unauthorised access to sensitive information. In this article, we will delve into the BusinessRiskTV Hackers News and explore the importance of cybersecurity measures for protecting your business from potential threats.

The Rise of Cyber Threats

The past decade has witnessed a significant rise in cyber threats, with high-profile hacking incidents making headlines around the world. Cybercriminals employ various tactics, such as phishing attacks, malware, ransomware, and social engineering, to compromise computer systems and steal valuable data. These attacks can have severe consequences for businesses, including financial losses, damage to reputation, and legal implications.

BusinessRiskTV Hackers News: Stay Informed and Vigilant

To navigate the complex landscape of cybersecurity, businesses need to stay informed about the latest hacking trends and best practices for protection. BusinessRiskTV Hackers News serves as a valuable resource for professionals, providing updates on emerging threats, case studies, expert insights, and practical advice on safeguarding digital assets.

By following BusinessRiskTV Hackers News, organisations can stay ahead of potential threats and proactively implement robust security measures. This proactive approach is vital because, in the face of ever-evolving hacking techniques, businesses must continuously update their defenses to counter new threats effectively.

Understanding the Impact of Cyber Attacks

A cyber attack can have severe consequences for businesses. Apart from financial losses resulting from stolen funds or disrupted operations, organisations may face significant reputational damage. Customers and partners lose trust in businesses that fail to protect their sensitive information, resulting in potential long-term consequences for brand image and customer loyalty.

Additionally, the legal and regulatory landscape surrounding cybersecurity has become more stringent in recent years. Governments worldwide are enacting laws and regulations to hold businesses accountable for data breaches and privacy violations. Failure to comply with these regulations can lead to hefty fines and legal repercussions, further highlighting the importance of prioritising cybersecurity.

Developing a Comprehensive Cybersecurity Strategy

To mitigate the risks posed by cyber threats, businesses must develop a comprehensive cybersecurity strategy that encompasses both prevention and response. Here are some key elements to consider:

  1. Risk Assessment: Conduct a thorough assessment of your organisation’s vulnerabilities and identify potential entry points for cyber attacks. This process involves analysing your IT infrastructure, networks, software applications, and employee practices to identify areas that require attention.
  2. Employee Training and Awareness: Human error remains a significant factor in cybersecurity breaches. Educate your employees about best practices for data protection, recognising phishing attempts, and maintaining strong passwords. Regular training sessions and awareness campaigns can help foster a culture of cybersecurity within your organisation.
  3. Secure Network Infrastructure: Implement robust security measures to protect your network infrastructure. This includes deploying firewalls, intrusion detection systems, and regularly updating and patching software and hardware.
  4. Data Encryption: Encrypt sensitive data to ensure that even if it is accessed unlawfully, it remains unintelligible to unauthorised individuals. Encryption provides an additional layer of protection for your most valuable information.
  5. Incident Response Plan: Develop a comprehensive incident response plan that outlines the steps to be taken in the event of a cyber attack. This plan should include processes for isolating compromised systems, notifying relevant parties, preserving evidence, and restoring operations.

Collaborating with Cybersecurity Experts

Given the complexity and evolving nature of cyber threats, businesses can benefit from partnering with cybersecurity experts. These professionals possess specialised knowledge and experience in identifying vulnerabilities, implementing effective security measures, and responding to cyber attacks. By leveraging their expertise, organisations can enhance their overall cybersecurity posture and respond more effectively to potential threats.

BusinessRiskTV Hackers News provides a platform for businesses to connect with cybersecurity experts and gain valuable insights into the latest trends and best practices. By engaging with this community, businesses can access expert advice, receive guidance on risk assessment and mitigation strategies, and stay updated on emerging technologies and solutions.

Furthermore, collaboration with cybersecurity experts can help businesses in the following ways:

  1. Vulnerability Assessments: Experts can conduct comprehensive assessments of your systems and infrastructure to identify vulnerabilities that may be exploited by hackers. They can perform penetration testing, analyse your network architecture, and recommend specific measures to strengthen your defenses.
  2. Security Solutions Implementation: Cybersecurity experts can assist in the selection and implementation of security solutions tailored to your business needs. This may include deploying advanced threat detection systems, intrusion prevention systems, endpoint protection tools, and secure data backup solutions.
  3. Continuous Monitoring and Threat Intelligence: By leveraging the expertise of cybersecurity professionals, businesses can establish continuous monitoring systems that track network activity, detect anomalies, and proactively identify potential threats. Additionally, experts can provide real-time threat intelligence, ensuring that businesses are aware of the latest hacking techniques and can adapt their defenses accordingly.
  4. Incident Response and Recovery: In the unfortunate event of a cyber attack, having cybersecurity experts by your side can significantly enhance your incident response and recovery capabilities. They can guide you through the process of containing the breach, mitigating damage, and restoring systems to normal operations. Their expertise can help minimise downtime and prevent further compromise.

In an era dominated by digital transformation and interconnectedness, the threat of cyber attacks is a constant concern for businesses. The BusinessRiskTV Hackers News serves as a valuable resource, providing businesses with up-to-date information, expert insights, and practical advice on cybersecurity measures.

By staying informed and implementing a comprehensive cybersecurity strategy, businesses can effectively mitigate the risks posed by cyber threats. Collaboration with cybersecurity experts further enhances their ability to protect sensitive data, maintain business continuity, and safeguard their reputation.

Remember, cybersecurity is not a one-time effort but an ongoing process. Businesses must continuously adapt and evolve their defenses to keep pace with the ever-changing threat landscape. By prioritising cybersecurity and leveraging the resources available through platforms like BusinessRiskTV Hackers News, businesses can proactively defend against cyber attacks and secure their digital future

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The Threat of Rising Bond Yields in European and American Bond Markets

By Keith Lewis 20th October 2023

Bond yields are the interest rates that investors receive when they lend money to governments or corporations. Bond yields have been rising steadily in recent months, both in Europe and the United States. This is due to a number of factors, including the Federal Reserve’s plans to raise interest rates and concerns about inflation.

Rising bond yields can have a number of negative consequences for investors and businesses. For investors, rising bond yields can lead to losses on existing bond holdings. For businesses, rising bond yields can make it more expensive to borrow money.

This article will explore the threat of rising bond yields in European and American bond markets in more detail. It will also discuss some of the risk management actions that investors and businesses can take to protect themselves from this threat.

Why are bond yields rising?

There are a number of reasons why bond yields are rising in European and American bond markets. One reason is the Federal Reserve’s plans to raise interest rates. The Federal Reserve raises interest rates in an effort to combat inflation. When interest rates rise, the cost of borrowing money increases. This can lead to a decrease in demand for bonds, which can cause bond yields to rise.

Another reason for rising bond yields is concerns about inflation. Inflation is the rate at which prices for goods and services are rising. When inflation is high, investors demand higher returns on their investments to compensate for the loss of purchasing power. This can lead to an increase in bond yields.

What are the risks of rising bond yields?

Rising bond yields can have a number of negative consequences for investors and businesses.

For investors, rising bond yields can lead to losses on existing bond holdings. When bond yields rise, the prices of existing bonds fall. This is because investors can buy new bonds with higher yields, which makes older bonds with lower yields less attractive.

For businesses, rising bond yields can make it more expensive to borrow money. Businesses often borrow money to finance growth and investment. When bond yields rise, the cost of borrowing money increases. This can make it more difficult for businesses to finance their growth and investment plans.

What can investors and businesses do to protect themselves from the threat of rising bond yields?

There are a number of risk management actions that investors and businesses can take to protect themselves from the threat of rising bond yields.

Investors

Investors can protect themselves from the threat of rising bond yields by diversifying their portfolios and investing in shorter-term bonds.

Diversification means investing in a variety of different asset classes, such as stocks, bonds, Bitcoin and property. By diversifying their portfolios, investors can reduce their overall risk.

Investing in shorter-term bonds can also help investors to protect themselves from rising bond yields. Shorter-term bonds have less interest rate risk than longer-term bonds. This is because shorter-term bonds are more likely to mature before interest rates rise significantly.

Businesses

Businesses can protect themselves from the threat of rising bond yields by hedging their interest rate risk and borrowing money at fixed interest rates.

Hedging interest rate risk involves using financial instruments to offset the risk of changes in interest rates. There are a number of different hedging instruments available, such as interest rate swaps and options.

Borrowing money at fixed interest rates can also help businesses to protect themselves from rising bond yields. When businesses borrow money at fixed interest rates, they lock in the interest rate for the life of the loan. This protects them from the risk of rising interest rates during the term of the loan.

Conclusion

Rising bond yields can have a number of negative consequences for investors and businesses. However, there are a number of risk management actions that investors and businesses can take to protect themselves from this threat.

Investors can protect themselves from the threat of rising bond yields by diversifying their portfolios and investing in shorter-term bonds. Businesses can protect themselves from the threat of rising bond yields by hedging their interest rate risk and borrowing money at fixed interest rates.

I urge investors and business leaders to take risk management action to protect themselves from the threat of rising bond yields. By taking action now, you can minimise the potential impact of rising bond yields on your investments and your business.

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Why Do Businesses Need Leaders

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The importance of leadership in business is either underestimated or played down. Your team or business functions will operate in line with the inspiration you create or fail to create. Zombie businesses can survive in most business climates, but few will thrive in the business marketplace without good leadership, either from the top, or from middle managers who pick up the baton where the actual leaders have dropped it.

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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.

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.

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Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV
Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV

Suggestions to improve company performance

How to improve an organisation performance will vary depending on the type of business and the culture of your business developed by its leaders. Our approach is flexible.   We would welcome the opportunity to talk to you about our ideas for better business protection and faster growth.

Every organisation is striving to improve. We can help you achieve that improvement through greater employee engagement to simple tools and techniques to attract new customers.

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Better Business Performance With BusinessRiskTV
Better Business Performance With BusinessRiskTV

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BusinessRiskTV Performance Improvement offering helps your business increase performance by improving the efficiency and effectiveness of your company’s key business activities

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Put your customer success first and in the process focus on your own business performance improvement. If you want to increase the productivity of your business we can help you focus your existing resources to improve business performance.

Sometimes business owners want to improve their business but are not sure how to. Access tips for improving your business performance.

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High levels of employee engagement in an organisation are linked to superior business performance including increased profitability.

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No matter your budget there are always ways to increase your sales and grow your business faster. What are the steps to help grow your business faster? Find out more about new creative ways to boost sales in the UK. Get help to increase your business sales.

Are you a business leader who wants to

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Productivity In The UK Workplace

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How To Improve Productivity In The Workplace In UK

For the UK to sustainably increase wages meet the needs of an aging population and develop business growth it needs to increase productivity by 25 percent just to match the productivity of German workers in recent times.

German workers have the same output in 4 days that it takes UK workers 5 days to produce, according to the UK Chancellor Philip Hammond in is Autumn Statement on the UK performance to date.

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Improving Productivity In The Workplace

Increasing output for every hour of input

To improve productivity, the UK needs to produce more from every effort put into a business or enterprise. The UK government needs to play its part including boosting internet broadband availability and speeds, improving road rail and air transportation, as well as increase spending on other infrastructure improvements. However every business needs to work out what it needs to do to get more output from the same resources.

Poor sales growth domestically and internationally, reliance on cheap particularly foreign workers(most of UKs new jobs created over recent year have been foreign workers), and a lack of investment in training of employees is a big part of the UK Plcs poor productivity. Another significant part is the lack of engagement of existing assets the existing workforce. Business enterprise leaders have not involved the whole workforce in business decision-making. Every business has talented workers who know how to solve business problems and improve productivity but business leaders have not taken a holistic approach to productivity improvement. Where a business has poor productivity it is because not everyone is on the some bus to achieve a common destination. The solution is to engage the workforce more in business decision making process.

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How do you improve your business productivity

The public sector also needs to do more with less, in an age of austerity. The UK needs to somehow get more out of every available resource invested in public services.

BusinessRiskTV will help you get everyone on the same bus!

BusinessRiskTV will use business enterprise risk management tools and techniques to engage your workforce to improve business productivity and overall performance.

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How efficient is your business?

Have your investments in people and other assets produced as much as possible? Could you produce more with your existing resources? Could you more cleverly focus your money and time on efforts that will bring greater corporate and individual rewards?

Business Risk Assessment

Enterprise Wide Risk Assessment For Faster Business Growth With Best Use Of Business Assets

Or are you working hard at working hard

Few business leaders and their employees don’t work hard. Hard work is required, but if you are all working hard with insignificant improvement then maybe you should ask yourself if there might be another way to make business decisions?

Better Business Decision Making Faster Business Growth More Corporate Enterprise Success

Find ways to grow faster and protect your business better

Effective Ways to Enhance Workplace Productivity

Find out how to boost your business productivity in the UK. Complete the form below and tell us a bit about your business and business needs.

Want your business to be as productive as possible?   Pick up business tips on how to get the most out of your existing resources from your peers and from business management experts in your country, industry or business focus.

The time for looking for cost savings has passed. It is now time to look for ways to increase value produced by your business.

  • Is your business a Zombie business. Not alive just existing?
  • Is your business a dead-fish that you are blaming on being in a stagnant pool, when there is plenty of life in your area of expertise but you just can’t find business growth?
  • Do you need practical steps you can take today or tomorrow that will increase your business opportunities?
  • How can you improve the workplace culture without increasing wages immediately?
  • How can you motivate your employees  to be more productive and therefore produce a more profitable workplace?
  • Our approach to improving productivity in the workplace is not to just talk about improvement but to help create business growth

We will help you improve effective communication across your organisation to help all employees to perform better.

Develop a more positive risk management culture to increase productivity.

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If you have got a great story to tell we will be the megaphone to get you heard more often!

Develop new income locally and globally

Sell more to people and businesses on your doorstep and dip your toe into the export marketplace on the back of a low value pound which could be making your products and services more than 10 percent cheaper abroad.

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Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV

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Write about what you know – your business!   By writing about your business products and services, you develop your brand and help potential new customers to understand why they should buy from you and not one of your competitors.

Enterprise Risk Management ERM Magazine

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Inform your business decision making process with risk based articles.   Watch business management videos online for free.   See experts risk analysis for your country or industry.

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Explore the business solutions to business problems with BusinessRiskTV.com during our online Virtual Business Breakfast meetings for members and non members.

Virtual online business breakfast meetings save you money and time

Manage business risks better. Virtual business breakfast meetings inform your business decision making. Helping small and medium sized businesses grow faster with less uncertainty. Become more confident in your ability to manage all business risks.

Network with business people executives and entrepreneurs locally and globally online from your phone tablet or pc. Save time and money solving your business problems. Share business intelligence and risk management knowledge. Tackle all strategic operational and project risks with more confidence.

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Join your peers and risk management experts online to share business risk management intelligence. Find the best business breakfast club online meetings for you on BusinessRiskTV.

For anyone who has in interest in enterprise risk and risk management : explore the challenges and rewards faced by all risk managers

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Pick the best business breakfast club meetings for your business needs. Focus on the business risks country risks or industry risks that matter to your business decision making. Focus your time to bring success and stronger business resilience closer.

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We have had a great response to our virtual online business breakfast networking events. These events are designed for business people executives and entrepreneurs. Inform your business decision making. Explore some of the challenges and rewards of being in business. Find solutions to your business problems. Share your business experience and risk management knowledge.

Come and enjoy the discussions. Share your business experiences and network with other key business decision makers. Expert risk panellists drive each event forward to arrive at business tips to improve your business risk management action plan.

Register with BusinessRiskTV for free to find out more. Register for alerts to upcoming virtual online business breakfast meetings

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BHP Billiton Samarco Dam Disaster

Executives Charged With UK Equivalent Gross Negligence Manslaughter

BHP Billiton’s mine Samarco dam collapse resulted in multiple fatalities and billions of dollars of penalties and compensation payments. Now the executives responsible for running the mine face jail.

BHP Billiton were co-owners of the mine, when a waste water dam collapsed on 5th November 2015.   The local community were swamped by mud in Brazil’s worst environmental disaster.   The mud also destroyed the habitat for fish and drinking water for the communities nearby.   It may take more than 10 years to recover the area to it’s pre-disaster condition.

It is alleged that those responsible for running the mine were aware of the risk of the dam collapsing but ignored the risks in pursuit of profit.   The dam collapse has echo’s of the Aberfan disaster in Wales when waste products slid down the mountain to kill mainly children 50 years ago.   The risks then were also known but the warnings from the local community were not heeded.

21 people are in the dock facing homicide charges after the mine disaster in Minas Gerais including Americans, Australian, South African, Frenchman and British person.   The CEO of Samarco, iron ore producer, is one the accused.   19 people died in the disaster.   The firms who employ those charged say they will defend their staff and deny they pursued profit regardless of safety implications.

21st September 2019 Feijão Dam Disaster

Brazilian federal police proposed criminal charges against mining giant Vale and German safety firm Tüv Süd and 13 of their employees over dam collapse.

Police say both firms used falsified documents that said the Feijão dam was stable

At least 248 people were killed. The collapse was Brazils worst industrial accident. Twenty two people are still missing.


Understanding Enterprise Risk Management ERM

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Improve your risk monitoring and decision making

Improve collaboration on enterprise risk management ERM with top thought leaders. Mitigate threats and seize new business opportunities.

Understand Enterprise Risk Management ERM

BusinessRiskTV can help you to understand ERM to help protect your business better and grow it faster. Embed enterprise risk management principles and practices to boost your business performance.

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What are the internal and external risk drivers in your organisation?

Are you responsible for driving the risk management process in your enterprise? Need some help to manage key risk drivers better? Learn how to improve the level of understanding of risk across your enterprise.

New to it? Learn how to develop and a risk management process in your business.

Reap the benefits of enterprise risk management for your organisation

Manage and optimise risks facing your organisation to achieve more with your existing resources.

Develop an enterprise wide approach to managing strategic, operational and project risks. Understand external and internal risks to achieve objectives with less uncertainty.

Make enterprise risk management easier to understand and understand corporate risk better

Get the help of your peers and risk management experts to help you to develop a sustainable more successful business.

Apply and embed ERM into your business decision making process

 

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Managing business risks with advice and tips from the business risk experts on BusinessRiskTV

Put your questions to our risk experts in live online QandA sessions for business leaders in UK who are members of BusinessRiskTV Small Business Network

Go direct for free to tens of thousands of business risk experts from around the world or tie-up online from your mobile device or PC with BusinessRiskTV.

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Our risk experts have specific business risk management experience and are online to help your small business grow faster with less uncertainty.

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Do you want to protect your business or enterprise better? Do you want to grow your business faster? What level of risk is appropriate for your risk appetite and risk tolerance? How do you survive and sustain your business regardless of the external risks to prosper and achieve business objectives? What opportunities are there in the UK to grow your business more profitably?

  • Learn from and with your peers in business
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Master the internal and external business risk drivers in your organisation with advice form business risk experts.

BusinessRiskTV will discuss with you and our panel of relevant risk experts the answers to many business leaders questions on business protection and business growth

Risk Watch Forget the best guestimates from International Monetary Fund IMF Office for Budget Responsibility OBR or Bank of England BoE who are paid to forecast the future. Instead work with people who can help your business forge the future for real with more certainty.

Ask The Experts in your country, industry or specialist risk management area what the solution to your problems are

Register in our Small Business Network if you want to find ways to improve your productivity to grow faster more sustainably.

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Identify assess and manage key threats and opportunities. From exporting more to protecting key business assets more cost-effectively our webchats webinars workshops provide risk insight and risk management guidance to help you take more risk with more confidence.   


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

Making better business decisions with BusinessRiskTV

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

Guide to being more successful entrepreneur or intrapreneur
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.

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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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

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UK Skills Shortage News

Many jobs in the UK go unfilled due to a skills shortage. There is a widening skills crisis across the UK.

Some jobs are more in demand than others. Many businesses need people to fill their skills gap to grow faster to meet demand for their products and services.   The skills gap is holding many firms back. It is impacting on the UK’s ability to be competitive in the global marketplace. UK productivity is threatened by skills gap.

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City and Guilds Survey reported in June 2018 that 9 out 10 UK employers are struggling to fill skills gap. It is the biggest threat to businesses in UK. The problem is getting worse not better.

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The annual 2016 Confederation of British Industry CBI survey July has found that 69 percent of employers surveyed were concerned about not being able to find enough highly-skilled staff. The problem is worse in 2016 than it was in 2015.

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France preparing to fish less in British waters from 2021
Business Have Become Drunk On Cheap Labour From Europe According To Tories

19th March 2020 Fishing Is Symbolic Of Taking Back Control

Many people perhaps most people in the city of London would happily sacrifice fishing rights to maintain financial services rights in Brexit negotiations.

Economically the fishing industry produces are 3 percent of UK economic output. Financial services produces many time that. The scales of economic sensibility suggest that it would be better for the UK economically to support the city of London.

However this is slightly misguided. The UK produces so little from fishing industry because of European Union quotas decimating the number of UK fishing boats. The UK could increase growth from fishing by increasing more boats in the fishing industry.

However the UK fishing industry will never overpower the economic sense of supporting financial services over the fishing industry.

The UK government must not submit to pressures to allow the same access to UK fishing areas. UK fishing industry should be rewarded for its support of Brexit. There can be ways of increasing income even with tariffs on UK fish products. Countries like Norway and Iceland can make it work.

Socially and democratically even with some economic detriment the UK government must support the UK fishing industry. Yes EU boats must have rights to fish in UK waters but rights to fish for UK fishing boats must be significantly increased at the end of 2020. Democracy is more important than economic prosperity.

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14th February 2020 With The Departure Of The Chancellor The Last Significant Remainer Forced Out Of UK Government

With the UK Chancellor resignation yesterday Boris Johnson has purged his government of the last significant block on a no deal Brexit. The European Union EU must now know it must do a fair deal with the UK or face no deal Brexit at the end of 2020.

The UK is now closer to a no deal Brexit than it ever has been.

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With the next UK budget in March expected to open the spending taps to new infrastructure and an uplift in government investment the UK will be better prepared for a no deal Brexit than it ever has.

It is likely that the UK will face face short term economic bumps from no deal Brexit but the length of the disruption will depend on how well the UK plans for its future outside the EU.

Prepare your business for all eventualities with our Brexit Marketplace.

20th December 2019 German Economy Saved From Recession By Brexit

A clear programme for progress on Brexit has helped Germany avoid a recession according to Germany Economy Minister Peter Altmaier in remarks published on Friday.

Although there could yet be a no deal Brexit at the end of 2020 if the EU and UK do not agree a deal during transition period at least German businesses know with certainty that the UK is leaving the European Union.

Germany still faces a potential trade war with USA as part of European Union. The UK will look to strike a free trade deal with USA that would avoid any trade war between USA and EU.

12th December 2019 Exit Poll Suggest Conservative Party Majority For Brexit Majority

30th October 2019 Brexit Not Resolved Yet Vauxhall Vans Commit To UK Van Production

Vauxhall announces further commitment to automotive production in UK regardless of Brexit outcome. Next generation of Vivaro vans will be built in Luton.

23rd October 2019 Still Most Likely That Brexit Deal Will Pass But After A Brexit Extension

Ex Tory MPs who lost the whip would not be able to stand as Tory candidates at the next General Election if Boris Johnson gets a General Election now. The exTory MPs that blocked Brexit on 31st October 2019 with their Surrender Act presumably will want the Whip reinstated if they want to present themselves as a Conservative Party candidate at the next General Election.

An extension to Brexit is unavoidable now due to the application of the Surrender Act. Before it was brought into force in days by MPs intent on blocking Brexit it would have been possible though not guaranteed that Brexit could have been done on the 31st October 2019. Surely Boris Johnson would not take such MPs into a General Election with the Conservative Party?

The most likely outcome at this stage is for the UK parliament to approve Britains Withdrawal Agreement with the European Union. To enable such a legal position to pass it will need more time. An extension is inevitable but it will either be a technical extension to get the Withdrawal Agreement through parliament or an extension to end of January 2020 to enable a General Election to take place.

It is unlikely that the Tory rebels and Labour Remainer MPs will succeed in their attempt to block delayed Brexit. The UK will then hold a General Election.

Ideally the Labour Party leadership probably favour the Conservative Party taking the UK out of the European Union EU and then then suffering the inevitable short term business lifestyle and economy disruption. Labour could then capitalise on that with their policies that would otherwise have been blocked by EU rules and moderate the Brexit achieved by Conservative Party by opting in for a softer Brexit. However we do not live in an ideal world so the Labour Party will probably need to fight the next imminent General Election with a deliberately fuddled Brexit Policy in the hope that its other policies will win over the UK electorate in sufficient numbers to win power.

If the UK gets a General Election the current best bet is that the Conservative Party will run a minority government with a handful of new Brexit Party MPs who have won previously safe Labour Leave voting seats. This will probably mean a no deal Brexit or Brexit based on the deal agreed by Boris Johnson with EU.

9th October 2019 Do Not Let Your Business Be Paralysed By Political Events

Political events can impact negatively or positively on your business. However procrastinating because of Brexit uncertainty or trade war between USA and China and Europe is not good for your business.

By taking the right precautions your business can still make progress towards your business objectives and even speed up successful attainment of objectives.

By applying enterprise risk management principles and practices your business can navigate whatever political and economic storms comes your way.

25th September 2019 Supreme Court Judgement Makes Extension To Brexit Date and General Election In November or December 2019 More Likely

Although not the motivation of the Supreme Court judges the result is that a new Brexit deal before end of October is now impossible. There is no incentive for the European Union EU to make any significant changes until after an election or a referendum.

Although Boris Johnson has said he will not ask for an extension to Brexit he will. He will explain he has done everything possible to exit the EU at end of October. However he will say correctly that the Remainer MPs in UK parliament have to use a Scottish judge word stymied any renegoitation with EU.

The Supreme Court judges judgement has triggered the starting pistil to a UK General Election before the end of 2019 sooner rather than later. Before the judgement there was a slim chance of a new Brexit deal before end of October. Now the only chance is no chance. The door has closed not because of their legal decision but because they were asked to make a decision.

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The Remainer MPs will get their wish of an extension before the election but at the cost that the General Election will be fought on the basis of the People v The Parliament.

Around three quarters of MPs in the UK parliament are Remainer MPs unwilling to take the UK out of the European Union despite the vote of the vote in 2016 to leave.

this Parliament is a disgrace

Attorney General Geoffrey Cox told MPs that current UK parliament is a dead parliament and will is too cowardly to call an election UK Parliament 25th September 2019

Although it will be close it is more likely that Leavers will beat Remainers in the General Election. Whether they will do so in sufficient numbers to make UK parliament governable again is very much in doubt. What is certain is that the UK will now reap the whirlwind of the most vitriolic election campaign ever experienced in UK.

All that we can really hope for is that there is a clear winner before the end of the year as an extension of the current impasse will damage the UK economy.

Perhaps the only good thing to come out the Brexit impasse is that with each day the UK is better prepared for a no deal Brexit should the UK vote for Brexit in the coming General Election. Whether the UK leaves or remains the UK will come out of this impasse for the better economically. How the UK will come out of the impasse socially and culturally will not be known until we look back in 10 years time.

20th September 2019 Next Crucial Period Of Brexit Is Mid October

Assuming the Supreme Court realise that courts should not be meddling with political decisions next week then the UK and Europe face a nervous run up to mid October.

There is increasingly positive mood music coming out of Europe about the prospect of doing a Brexit deal with the UK. It is likely that the Brexit deal will be one that kicks the most difficult parts of the deal towards the end of the decision making process like the border between Ireland and Northern Ireland.

The question from the UKs point of view is will the hardline no deal Brexiteers agree to bend on the deal and will the MPs in the Labour party who have heavy Brexit leaning constituents vote for whatever new deal comes back from the new Brexit negotiations.

The Eurozone is struggling to cope with the global economic downturn on top of its historic issues falling the financial crisis. Of greatest concern is the likely recession in Germany dragging the rest of Eurozone economy down with it.

The UK should leave on the 31st October 2019. The key players in the Brexit negotiations are being pushed into a deal from opposite directions. It has never been truer that both the European Union and the UK need a deal. If the UK parliament does not vote for the new Brexit deal they will reap the wrath they have created.

17th September 2019 Claims That Consumers In UK Are Stockpiling Essential Products Are Found Less

There is no evidence that Britons worried about the possibility of disorderly departure from the European Union EU on 31st October are stockpiling essential products

market researcher Kantar

5th September 2019 Next Key Date On Brexit Is Monday 9th September

UK government has let through bill to stop no deal Brexit. Next Monday the UK government will try again to successfully ask for General Election that will largely be based on Brexit issue.

If the UK government does not successfully bid for a General Election then the Brexit debate will once again lurch out of control in ways that are unclear. However if the UK government successfully receive a General Election on Monday then it will happen on 15th October. The winner will determine if there will be a Brexit or not.

There is a General Election coming. When is uncertain.

4th September 2019 Impact On UK Economy Of No Deal Brexit Reduced

Mark Carney Governor of the Bank of England the UKs central bank which decides on interest rates tells MPs on Treasury Select Committee for UK lawmakers that GDP impact of Brexit has been reduced.

Mark Carney was speaking at todays Treasury Select Committee public meeting.

4th September 2019 Will The UK Have A General Election Before The End Of October 2019?

The current UK Prime Minister wants a General Election on 14th October 2019. He may be prevented from having one by current MPs.

Tomorrow or Friday may be the crucial day on defining whether the UK Prime Minister will be granted a General Election before the end of October 2019.

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The UK Prime Minister will lose the new bill debate today aimed at preventing no deal Brexit. He will try again tomorrow but tomorrow (or Friday) will have lower bar to pass to enable a General Election to happen before the end of October 2019.

The UK will have a General Election before the end of the year but whether it happens before end of October should be decided this week.

1st August 2019 UK VAT Registered Companies Will Be Given A Registration Number In Next Two weeks That Allows EU Customs Authorities To Identify Them

The admin paperwork to continue trading with EU in event of no deal Brexit is called an Economic Operator Registration and Identification EORI number.

UK chancellor Sajid Javid automatic enrolment of VAT registered businesses will help ease the flow of goods at border points and support businesses to trade and grow in event of no deal Brexit.

1st August 2019 Euro Zone Purchasing Managers Index PMI For Manufacturing Firms In July Fell To Lowest Level Since 2012

Many economists in UK say the UKs drop off of manufacturing activity is down to Brexit uncertainty. However eurozone manufacturers drop off in production and indeed global manufacturing production drop off is not down to Brexit uncertainty.

The global economy is suffering largely due to trade wars and worldwide geopolitical uncertainty.

5th July 2019 Jaguar Land Rover JLR Is Investing Hundreds Of Millions Of Pounds To Build A Range Of Electric Vehicles In Castle Bromwich Birmingham

JLR are making plans for the future whether Brexit happens or not. Whether Britain no deal Brexits or leaves with a deal or does not leave European Union EU will not affect many automotive manufacturers strategic decisions to stay in UK.

It is perfectly right for car industry to lobby UK government for the outcome it prefers. However the automotive industry is perfectly robust enough to take on all risk factors to survive and prosper.

In January JLR announced that its new battery making facilities would be located in the Midlands. The new plant will be most technologically advanced in the UK according to JLR.

1st July 2019 NTT Ltd Opens For Business In London At Height Of Brexit Crisis

Nippon Telegraph and Telephone Corporation NTT Corporation is one of Japans largest telecom businesses. It has launched its international focused subsidiary NTT Limited and picked London as its global headquarters.

NTT Limited is a merger of NTT Communications Dimension Data and NTT Security into a single business based in London.

NTT Corporation president and CEO Jun Sawada said launching NTT Ltds HQ in London shows its commitment to the UK remains extremely strong.

It demonstrates that Britain will remain a tech leader regardless of whether the UK remains or leaves the European Union EU.

21st May 2019 EU Would Rather Have The UK Pissing Into Tent Now!

The biggest change from the the results of the European Union EU is that the rest of the EU will no longer put up with the UK pissing out of the tent. They will become resigned to and prefer the UK to leave the EU an piss into the tent!

Until the EU elections 2019 UK political leaders thought they could pick and choose when it leaves the EU. Now the rest of the EU leaders will be thinking they do not need such an unruly member.

The UK is unlikely to get an extension beyond end of October 2019 even if it wants one.   The EU will get little benefit from amending the deal already negotiated with the UK. The UK is closest to leaving the EU without a deal than at any time including immediately after the EU Referendum in 2016.

Back in 2016 the UK had more choices. Now the UK needs to leave without a deal at end of October or revoke article 50 and remain in the EU.   The time for compromise has come to an end.

The UK parliament should vote on these two options immediately it returns after the summer break. The parliament can then spend time putting the vote into action.

The MPs will then face the public at the next General Election and have to justify whichever way they voted.

15th April 2019 Investment In UK The Highest In The World Regardless Of Brexit Chaos

Big 4 accountancy firm EY has reported that following its survey it found that Britain is the top place to invest in the world for the first time since EY started surveying investment market 10 years ago.

The reason investment has hit a record high according to EY is the English language is the language of business and the UK has a highly skilled workforce together with expanding technology base.

The low value of the UK pound has also made UK business cheap to invest in for overseas businesses keen to take advantage of undervalued UK businesses.

29th March 2019 On The Day The UK Should Be Leaving The European Union EU The Mother Of All Parliaments Says No Non Nein

MPs reject Theresa Mays EU withdrawal agreement by 344 votes to 286 a majority of 58. The UK is facing either a no deal Brexit on the 12th April or a long extension to Article 50 which will include the UK voting in EU elections in May.

The Prime Minister and the UK government seem to be holding out hope that the deal on the table with the EU will get still get through before the 12th April. How this would happen is highly uncertain.

22nd March 2019 No Deal Brexit Most Likely Outcome Of All Most Unlikely Outcomes

The UK is entirely fragmented politically. Each fragment has hurried off to respective camps and are digging in instead of looking for compromise.

Theresa May seems to have grabbed defeat from the jaws of victory after blaming UK MPs for Brexit logjam. Almost anything is now possible as the fragments of the UKs political community are resisting any coming together.

  1. Mays Brexit deal could get through in a 3rd Meaningful Vote before the and of next week or the new deadline in April
  2. The UK Prime Minister may do what she has said all along which is take the UK out of European Union EU on 29th March with no deal Brexit
  3. UK parliament takes control over the Brexit process and before the EUs new deadline apply for and get a very long extension to Article 50 giving it time to put together a newer softer Brexit and or bring about a 2nd referendum on leaving the EU.

Many now believe Mrs May will take the UK out with a no deal Brexit next week but whether she will be allowed to do that by the UK parliament remains to be seen.

Brexit uncertainty has never been higher but next week it will continue to increase not reduce.

21st March 2019 Next Says No Deal Brexit Would Bring Lower Prices In Shops

Retailer Next says lower trade tariffs under no deal Brexit could save it 15 million pounds and allow Next to cut prices for shoppers in UK.

21st March 2019 No Deal Brexit Would Significantly Harm European Union EU

Barclays bank Chairman John McFarlane says a no deal Brexit would significantly hurt the European Union economy and a deal on financial services between Britain and the EU is likely whatever form Brexit takes.

He expects that trade would continue between the financial sector in London and the EU after Brexit.

19th March 2019 Theresa Mays Brexit Deal More Likely After Speaker Of House Of Commons Intervenes Into The Brexit Process Again

Yesterdays spanner in the Brexit process works by the Speaker of the House Of Commons has made it more likely that the UK Prime Ministers Brexit deal will somehow be approved. Where there is a will there is a way.

If this is the case then the UK economy will be boosted. The boost will come from private investment and massive public spending Brexit dividend promised by UK Chancellor. The downside risk is that the boost to UK economy will also accelerate UK interest rate rises.

The Brexiteers need to fall in behind the current Brexit deal or suffer no Brexit or softer Brexit.

14th March 2019 Third Meaningful Vote Expected Within A Week

Theresa May will try third time to get her EU withdrawal deal through Parliament. She is hoping to win over more Brexiteers on basis that they if they do not back her Brexit deal they will endure at best a long delay on getting Brexit or not get Brexit at all.

The UK government will at the very least need to ask the EU for a short delay on Brexit as there is not enough time to get Brexit through assuming Mays deal does get approval in the next week.

Last night an updated motion to reject a no deal Brexit under any circumstances was passed by 321 to 278 a majority of 43. Whilst not legally binding it is clear that parliament will find a way to prevent no deal Brexit ever happening.

Brexiteers realise they now face the likelihood of exiting the European Union EU via Mays Brexit deal on the table or softer Brexit like Norway Option or no Brexit. Which way will they jump in next week!

13th March 2019 UK Government Announces Tariffs On Imports Post No Deal Brexit

Most UK imports by value will not attract a tariff in the event of a no deal Brexit. Tariffs would protect some industries including farm produce. Such a change in UK imports is likely to increase the competitiveness of non European Union imports compared to EU imports though most EU imports would also be tariff free.

Tariffs on cars imported to UK would attract a 10 percent tariff though car parts would be tariff free.

The UK government also announced that it will not introduce any new checks or controls or require customs declarations for nearly all goods moving from across the border from Ireland to Northern Ireland in the event the UK leaves the EU without a deal.

12th March 2019 Theresa May Says She Has Legally Binding Changes To Her Brexit Deal

European Commission President Jean Claude Juncker warned if the deal was voted down there was no third chance to change a deal that could be agreed by both parties.

Hard line Brexiteers will not agree to anything short of no deal Brexit. Hard line Remainers will not agree to anything short of another referendum. It looks likely that the Second Meaningful Vote on the Brexit deal on the table will fall by less of a margin but how much of a margin is unclear.

  • It is clear that short term risks to UK economy will be lessened by agreeing the Brexit deal currently on the table
  • It is clear that the risk of the UK being trapped in the Backstop has lessened by the revised Brexit deal agreed with the European Union
  • What is unclear is the long term ability for the UK to finally leave the European Union fully.

Taking a balanced risk view of the short to long term the UK parliament should fulfil the decision of the British people to leave the European Union on the revised Brexit Deal. Should the UK legislators fail to vote to approve the Brexit deal the UK will be thrown into a crisis of government politics and business.

Business leaders will not know whether the UK will ever leave the European Union or whether it will end leaving with no deal. There may be one more Third Meaningful Vote before the end of March 2019. This is the most likely outcome of the developments this week. What the outcome of a Third Meaningful Vote will be is anybodies guess! However it will be incredibly close on whether the revised Brexit deal will eventually be voted through by the UK parliament.

UK MPs should remember that the best deals involve a win win for both parties not a lose lose win lose or lose win for the European Union and UK.

If the revised Brexit deal is not voted through and Brext with no deal is taken off the table then there must be a General Election in UK to revise the make up of the UK parliament. Then the new parliament must work on a revised Brexit deal. To revisit the Referendum before the last Referendum result has been implemented would create greater social and political damage which would continue for longer. Not only is it likely to result in a call for a third Referendum result but it would lead to another Referendum on Scotland leaving the UK.

All of these options would create greater chaos for business and economy for years. The only option which will protect short to medium and perhaps long term business environment is to accept the Brexit deal currently on the table.

15th February 2019 Retail Sales Jump More Than At Any Time Since December 2016

The Office for National Statistics ONS reports the amount of goods sold rose by 4.2 percent in January year on year the biggest annual rise since December 2016.

UK consumers show that record employment levels and rising standard of living will keep them spending regardless of Brexit. Wages continue to outstrip inflation indeed as inflation rate slows and wages increase faster the UK standard of living is accelerating.

27th December 2018 French Constriction Group Shows Confidence In UK Economy Post Brexit Deal or No Deal

French construction group Vinci is buying a majority stake in Gatwick airport for 3 billion pounds. It is expecting Gatwick airport to be busier than it is now whether Britain leaves the European Union EU with a deal or without a deal.

Current Gatwick owners Global Infrastructure Partners GIP will sell a 50.01 percent stake to Vinci Airports. Vinci Airports has over 40 airports globally across Europe Asia and the Americas.

Gatwick is already the UKs second biggest airport and the 8th busiest airport in Europe by passenger numbers. However Vinci Airports will need to get significantly more than 3 billion pounds out of Gatwick purchase before it can start to turn extra value out of the investment. Where will it come from if Brexit crashes the UK economy?

26th November 2018 Brexit Plan B Most Likely End Destination For UK EU

The Sun newspaper is reporting behind the scenes discussions at UK government level to agree an EU UK Plan B when Plan A fails to get approval in the UK parliament.

Norway EFTA Plus deal most likely end result of Brexit negotiations by March 2019?

BusinessRiskTV

Plan B is for the UK to join the European Free Trade Association EFTA. The Sun says government Secretaries on Remain and Leave side of the argument Michael Gove and Amber Rudd are trying to set up the UK joining EFTA temporarily enroute to eventual full Brexit.

  • Such a plan is likely to get through the UK parliament with with help of scores of Labour MPs at the expense of Conservative party unity.
  • Brexiteers in the Tory party are unlikely to vote for EFTA.
  • Would enough Labour MPs back an EFT Plan B deal to make it work if the EU agreed to enter such a Plan B?

The EU says there is no other deal it is prepared to sign.

  1. Would Germany and France really face up to a no deal Brexit after appeals within UK for General Election and second referendum fail if there was a viable Plan B EFTA deal on table proposed by UK?
  2. Would the existing EFTA members let the UK in enroute out of the EU?
  3. Would an EFTA deal result in the formal split of both the Labour party and Conservative party in UK?
  4. Would the UK left and right politicians come together in a new UK party occupying the centre ground to become a viable third party in UK politics?

Maybe UK political uncertainty has not yet peaked!

25th November 2018 EU27 Endorsed Withdrawal Agreement and Political Declaration on the future EU UK relations following Brexit In March 2019

EU leaders have approved an agreement on the UKs withdrawal and future relations. The EU27 say that deal agreed by the remaining 27 European Union EU countries is the only deal that is and will be on the table. Future relationship includes

  • Relationship to based on free trade without tariffs on either side
  • Continued cooperation on national security
  • End to free movement

The rubber stamping of the deal took less than 40 minutes at the meeting of EU27 leaders. However 20 months of negotiations is now at an end according to EU27 leaders and UK.

The agreement has yet to be agreed by the UK Parliament. The UK is scheduled to leave the EU on 29 March 2019. European Commission President Jean Claude Juncker said anyone in Britain who thought the EU27 bloc will offer improved terms if MPs rejected the deal would be disappointed.

The UK Parliament is expected to vote on the deal in early December. If the deal fails to get through the UK parliament it is likely that the UK Prime Minister will resign and then all bets are off. Possibilities could include

  • No deal Brexit where the UK trades on World Trade Organisation WTO terms
  • UK General Election where membership of the EU will be a critical element of the decision though it is not known what the Labour party in UK will have in its manifesto in such an event so how could voters choose which party to vote for. Last General Election 85 percent of UK voters voted for partys which wanted a Brexit.
  • Another Referendum on membership of the EU but what would be on the ballot. More than one option? Deal or no deal? Deal or Remain part of EU?
  • Another Brexit deal negotiation with EU on basis of UK parliament voted down first deal. However the EU27 say there is no other Brexit deal except no deal.

No politician in UK parliament or who has left parliament or any political commentator knows for definite what will happen if the UK parliament does not back the EU deal on the table. However most say that the EU deal will not get UK parliament approval ever.

  • If a General Election in UK or another Referendum did happen that did not have a clear cut decision what would happen?
  • If another Referendum was to switch to Remain in EU what happens next a third Referendum best of three?
  • In either of the the above voting processes what damage would UK society and economy suffer? One UK MP was killed during the last Referendum and many people were threatened with their lives.

The least damaging route in short term is for the UK parliament to back the EU UK deal on the table. Whether that is in the long term interests is not clear. The only thing that is certain is Brexit uncertainty is reaching its peak.

19th October 2018 View Of Brexit From German Industry

German industry association BDI has warned that both German and British companies are staring into an economic abyss if there is a no deal Brexit.

The remaining EU27 countries export more to the UK than any other country. More than to China or USA.

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Germany exported 84 billion euros worth of goods to the UK in 2017.

14th October 2018 No Deal Brexit Would Not Be Disaster

According to UK industry leading CEO a no deal Brexit would not be a disaster for the UK economically.

Next Plc chief executive Simon Wolfson was speaking to BBCs Andrew Marr when he concluded that although a no deal Brexit would not be the ideal outcome it would not be a disaster for the UK economy. He did encourage all UK business leaders to get prepared for a no deal Brexit. He feels that such preparations would help the UK government secure a good deal with the European Union EU.

19th July 2018 International Monetary Fund IMF Reports On Effect Of Brexit On Europe

A no deal Brexit could reduce the whole European Unions EU economic growth by 1.5 percent.

A standard free trade deal of the type agreed between Canada and the EU could cause EU economic growth loss of 0.8 percent.

A soft Brexit with the UK out of the customs union but retaining access to the single market and agreeing to abide by EU rules would imply almost zero cost for the EU as a whole IMF Report.

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9th July 2018 Brexit Secretary and Foreign Secretary Resign Over Brexit

David Davis Brexit Secretary and Boris Johnson Foreign Secretary resign from UK government over the Brexit policy decisions taken by Prime Minister Teresa May.

29th June 2018 Exports Goods and Services At Record High and Trade Gap Narrows

Trade figures released by UK government revealed that in the 12 months to March 2018 UK exports were at an all time high.

EU countries represent around 40 percent of all exports from UK.

Research from Barclays Corporate Banking found that around two thirds of consumers in India and China and around half of consumers in the UAE were prepared to pay more for goods made in the UK because they perceive the quality as higher.

BusinessRiskTV

The trade deficit with the world continued to narrow to 80 billion pounds which is the narrowest UK trade deficit since 2012.

The UK Department for Trade and Industry DTI has set up 14 trade working groups covering 21 countries to scope the UKs overseas trading deals and strengthen ties with key trading partners.

13th June 2018 Global Tech Companies Are Confident In UK Economy

Tech company Salesforce have voted in the UK with their 2.5 billion dollars of their money by announcing a massive investment in the UK over next 5 years. It clearly thinks it can grow further in UK and it could not do that unless the UK economy is strong.

Amazon is to create another 2500 jobs in the UK bringing total workforce in UK to 27500. Google Apple Snapchat and other global tech companies continue to invest in the UK economy.

11th June 2018 Where In The World Got The Highest Foreign Investment in 2017?

Despite Brexit the UK is still the place most overseas investors want to invest their money compared to rest of Europe.

Read EYs June 2018 report on which country was the most attractive to overseas investors in 2017

23rd April 2018 – Financial Services Increasingly Confident In Brexit

The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London’s hopes of retaining its status as a top global financial centre.

Many in the City Of London now believe the remaining European Union EU members will go for easy access to financial market in London based on increased equivalence to prevent disruption to business anywhere in EU.

4th April 2018 – Peugeot Plans New UK Van Production In Luton

Vauxhall plant in Luton chosen by PSA Group to manufacture a planned new van.   This demonstrates confidence in UK of a major automotive maker post Brexit.

19th March 2018 – UK and European Union EU Agree Terms For Brexit Transition To UK’s Withdrawal From EU

Brexit negotiators Michel Barnier and David David announce they have agreed term for a transition period in a major breakthrough “decisive step”.

The transition period will run from 29th March 2019 to December 2020 and may lead to the orderly withdrawal of the UK from EU.

In addition, there was also an agreement on the rights of EU citizens in the UK and the rights of UK citizens in the EU.

EU member countries have still to sign-off the agreement on the transition period, perhaps at an EU summit this week.   If the EU members agree, then the negotiators will move on to discussions on a permanent future relationship agreement by August 2018 with a view to Brexit in March 2019.

The financial markets liked what they heard and the pound jumped in value.

27th February 2018 Small Medium-Sized SME Factories Sales Expectations Near 3 Year High

Sales expectations of SME factories in UK are near 3-year high due to strong global economy growth and low value of the pound.

National Manufacturing Barometer survey has revealed manufacturing to be the fastest growing sector of Britain’s economy in the final quarter of 2017.

The survey also revealed that more than half of SME manufacturers plan to invest in plant and machinery over the next 6 months.   SME manufacturers in UK are more confident in their prospects in 2018 than they were in 2017.

The National Manufacturing Barometer surveyed 320 companies in January 2018

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26th February 2018 Two Labour MPs Discuss Brexit Negotiations

17th January 2018 Deutsche Bank Only Moving Hundreds Jobs Out UK Not Thousands Post Brexit

Deutsche Bank is headquartered in Germany had has told reporters that it will not need to move thousands of UK jobs to the continent post-Brexit.   Stefan Hoops, head of Deutsche Bank’s capital market division in Germany explained that they would need to move fewer staff than many have said in the past.   One executive previously said 4,000 staff would need to move but the numbers would actually be in the hundreds.

Last week Deutsche Bank Chief Executive was reported as saying that initially several hundred jobs would be created in Frankfurt, Milan and Paris but that is not the same as moving jobs from London.

16th January 2018 Bank of England Thinks Free Trade Deal With EU Including Financial Services Post Brexit Is Possible

It may take three years or more, but contrary to the EU’s chief  Brexit negotiator, Michel Barnier, it is possible if the remaining EU27 are prepared to agree such a free trade deal with UK.

Sam Woods, the Bank of England’s deputy governor in charge of Prudential Regulation Authority PRA says a three period to agree a free-trade agreement including financial services could happen because unlike other countries seeking such a free-trade deal, the UK’s financial services are already aligned in terms of financial services rules and supervision.

Sam Woods comments came during his appearance in front of MPs on the Treasury Select Committee.

8th January 2018 City Of London Says Brexit Job Loss Fears May Have Been Exaggerated

The City Of London EU envoy, Jeremy Browne, has been reported as saying that banking insurance and asset management job losses to the European Union (EU) may not be as severe as suggested by many including the UK’s ex-Chancellor and now editor of Evening Standard.

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The Brexit result was a shock to everybody?

Most people were shocked, but that doesn’t mean the implementation of the Brexit vote will be bad for business.

The UK may yet not leave the European Union EU.   Great forces will try hard to stop the democratic vote of the people being fully implemented. The people may even change their minds.   Anything is possible.

When anything is possible there is increased risk

Increased risk means increased opportunities for growth as well as increased threats.

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We do offer enterprise risk management (ERM) services, but Brexit Risk Watch is an attempt to provide free impartial advice on how to manage the threats and opportunities from Brexit better.

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If businesses invest their time and energy in controlling the threats from a Brexit and seize the opportunities the UK will benefit from a Brexit. If business leaders can not change or do not have an innovative mindset a Brexit could be bad for the UK economy.

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How to prepare for emerging risks trending risks and key corporate risks to focus on now

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How do business enterprise key decision makers use limited resources more cost effectively and more successfully?

The pace of business change is increasing. How many people will drive for a living in the next decade? How many people will work in warehouses in next 10 years? What new risks are emerging for businesses when the dramatic changes of 4th Industrial Revolution expected soon are commonly in place?

Cyber crime or error is just one of the threats. How should a business like Amazon react if they are threatened by a cyber criminals who say they have the capability to shut down its warehouse and distribution drones! They presumably have not but even if it was never possible how would Amazons share price react? What will this mean for Amazon’s ability to borrow to invest in its future?

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Like Amazon every business has its own most threatening risks and most exciting opportunities to grow.

Both the threats and the opportunities mean rapid changes are afoot for most businesses in the coming decade. With limited resources, what should your business focus on?

Do you have the time and energy to cope especially with information overload disrupting your ability to pick the right key risks to manage and which to accept or avoid.

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Change does not mean bad disruption to the norms change can bring good disruption for your business

Are you innovative? Is your business innovative? Do you have people in your business who are innovative?

Sure you are! Yes it is! Yes you do! You may not have found the best way to harness a well of innovation in your business till now.

BusinessRiskTV and its business partners will facilitate an innovative process in your business to overcome good and bad disruptive risks facing your organisation now and in future :

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Solve the big questions being asked of your business

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Get the answers you need to know what to do next that will have the best net positive impact on your business. What are the critical risk factors you need to manage? How viable are your existing business opportunities?

Some corporate risks are mature and well known but how does YOUR business manage them in the most cost effective way? Other corporate risks are just emerging. Do you know which ones present the biggest threats and opportunities for your business?

If you know what the key risks are do YOU oversee the impact on your business or have you delegated it?

Do others in your organisation want to seize a business advantage of your competitors as much as you do? Do your competitors want any of your existing business revenue?

No you can not do everything yourself but are you creating the right risk management culture to ensure that others are of the same mind as you?

If you are not changing your failing!

  • Do you currently have a sustainable business model?
  • Have you assessed and managed your competitive advantages to squeeze the best out of your existing resources in terms of performance?
  • Do you have a Business Enterprise Risk Management Road Map to make achieving your business objectives more likely?

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Enterprise risk management will not provide any net benefit to the organisation if its leaders don’t buy in to the principles the benefits of risk assessment process and the framework the best performing companies conform to.

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Business leaders must agree the risk appetite and risk tolerance of the organisation before the risk assessment process can begin

The risk assessment process is a good management tool but it can be nullified corrupted and cost the organisation money and performance if it doesn’t operate within and support the risk culture of the business.

Enterprise wide perspective on corporate risks

Strategic operational and project risks all need to be included in the risk management framework and risk assessment process to provide consistency of business decision-making to improve performance of the business.

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How To Develop Best Risk Mitigation Strategy For Your Business

Risk control strategies with BusinessRiskTV.com

Consider changing your risk mitigation strategy to improve business performance. Review your risk mitigation strategy with BusinessRiskTV risk management experts.

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Do you already have in place the best risk mitigation strategy for your business ?

Align your risk mitigation strategy to your risk culture. Identify the key threats and opportunities for your business. Assess the impact of the threats and opportunities on your business objectives. Evaluate the likelihood of the risk events affecting your business. Develop the best risk control strategies using existing business resources.

Reduce the risk impact severity and or probability of occurrence

Better Business Protection Faster Business Growth
Better Business Protection Faster Business Growth

Systematically reduce the extent of exposure to enterprise risks in line with your Risk Appetite and Risk Tolerance.

Understand the context  within which your internal and external risks factors exist. Identify evaluate and treat or accept risks in the most cost effective way with a risk based approach to decision making.

 

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How To Improve Supply Chain Risks

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Manage business threats and opportunities with enterprise risk management ERM principles and practices. Take a practical enterprise risk based approach to supply chain management. Review your top risks in your supply chain.

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Assess and mitigate supplier risk

Learn more about improving supply chain risks. Understand supply chain risks and how to mitigate them. Not understanding your supply chain risks increases the risk of business interruption at best and at worst threatens your business survival.

Increasing business partnerships and business outsourcing of non core business functions reduces the expertise to manage some risks and increases the likelihood that an external risk could stop you servicing your clients business needs.

Identify assess and manage supply chains risks better

Improving supply chain risks and supplier performance could easily improve your own business performance and business resilience.

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How do you plan to handle supply chain risks?   Improve your supply chain risk management capabilities.   Get a clear picture of supplier’s risk for you business.   Reduce your vulnerability and increase your resilience.

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Managing Business Risks Better with C&C Associates

Present your business in a way that is succinct.

Make the benefits of your product or service clear and to the front, middle and centre of your business pitch with little emphasis on the product or service features.

Write a one page summary of your offering or create a simple video to help promote your business and sell more.

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What Is Risk Management?

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Manage uncertainty in business better. Save money and time. Focus your resources on areas to produce best returns.

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What is risk management in a business context?

Enterprise risk management is the management of the effect uncertainty on business or enterprise objectives. An organisation should create the risk management framework upon which to apply and embed the principles of risk management and the risk assessment process.

Manage Risk Better

Improve your risk knowledge to solve business problems today and in future

Effective enterprise risk management ERM should focus on managing risks better not measuring risks. Many business leaders think they have an effective ERM system of working, but in fact they have a detailed risk assessment process. This may or may not manage risks better.

The process of identifying risks assessing risks and developing strategies to manage risks better

The risk assessment process must factor in the risk perception and risk culture of the organisation. The risk perception of the assessor so can greatly skew the risk assessment process in a direction that results in either too much or too little risks being taking.

Too much financial cost will be incurred controlling risk disproportionately or the opportunity cost of taking too little risk may mean the business fails to grow as fast as it could with existing resources.

The outcomes of business activities and decision-making are uncertain. There is therefore a risk that the decisions taken are good ones or bad ones.

Enterprise risk management ERM is about trying to increase the number of good decisions and reduce the number of bad decisions to make achieving business objectives easier cheaper and more profitably or more efficiently, in the case of not-for-profit organisations.

ISO 31000 Risk Management

ISO 31000 Risk Management

Identify assess and prioritise action and resources to manage enterprise risks better

Reduce the effect of uncertainty on the objectives you have set for your business or enterprise. Use ERM to pull together your available resources to create a coordinated and cost effective risk management plan.  Use your existing resources to more confidently improve your business performance.

Minimise the threats to your business objectives. Maximise the opportunities open to your business.

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Taking risks is part of corporate success. You need to take risks to grow and develop. In an ever changing business environment you have to effectively manage risks to achieve more with certainty.

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Understand enterprise risks impacting on your organisation. Analyse and manage risks to make sure you achieve your organisations objectives.

Enterprise Risk Management ERM is an integrated holistic and joined up approach to managing risk across an organisation and its extended networks

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Managing Business Risks Better with C&C Associates

Evaluate business risks. Identify and assess factors with downside impact on corporate objectives, or upside potential to boost business performance.

Find out about a different more risk based approach to planning your business’s future success.

Develop a new process of identifying risks, assessing risks and developing new strategies to manage risks facing your organisation.

Manage the internal risks and external risks facing your business better

Learn from peers and risk assessment experts. Continuously improve your own risk assessment process. Pick up tips on how to embed and integrate risk assessment into your enterprise’s strategic, operational and project decision-making.

Regularly meet online wherever you are in the world to speak to your peers and risk assessment experts. Collaborate on agreed risk assessment projects or learn during risk assessment workshops to improve your risk knowledge and risk management skills.

  • See a different risk perspective based on others experiences and risk knowledge that will provide a different enterprise risk insight
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Ask business management experts to help remove your uncertainty and improve your business performance. We support the aim of Risk Management Online to promote the use of enterprise risk management ERM to better protect and grow businesses wherever they want to operate in the world

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Managing Business Risks Better with C&C Associates

Enterprise risk management ERM is a holistic integrated approach to business decision-making. A risk based approach moves away from the simple bean-counting approach of financial risk to explore the true impact on your business of enterprise risks.

We have a range of enterprise risk management services including training, mentoring and business promotion to ensure that the upside potential of risk is not lost in your business strategy.

  1. Contact us to schedule a free online meeting to discuss your business needs;
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  3. Implementation of the recommendations will involve working in partnership with you to achieve your objectives.
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Risk Management Think Tank Building Faster Growth

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Enterprise risk management news opinions and reviews. Buy new risk management product deals discounts and exclusive offers. Read articles and watch videos to inform your enterprise risk management policy :

  • Change your attitude to risk and risk management.
  • Rewrite your risk management strategy based on new enterprise risk management information.
  • Improve your risk awareness and risk control measures
  • Explore the right level of risk for your organisation and develop a new appetite for risk
  • Adjust you risk management organisation and arrangements
  • Update your risk management procedures and rerank your risk management priorities
  • Change your proactive and reactive responses to risk and risk management practices

Disseminate latest risk and risk management information to your senior management team and work colleagues.

Benchmark your organisation against the best risk management practices in the world of business.

Find the latest risk management products and services reviews. Get alerts to new risk management product and service deals discounts and exclusive offers.

Identify emerging risks and existing risks that are changing. Adjust your risk management plan priorities to improve your business performance and business resilience.

Tips to protect your business better and grow it faster

Risk Management Professional Magazine
Risk Management Magazine

The BusinessRiskTV Enterprise Risk Management magazine aims to publish original work that explores conceptual and empirical papers, articles and case studies from all branches of enterprise risk management

Exchange ideas  and collaborate with risk practitioners and your peers to protect your business better and grow it faster. Papers are invited from researchers practitioners policy makers and other stakeholders in the field of enterprise risk management ERM. We welcome your contributions in the form of articles Press Releases case studies and video.

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