Connect with key business leaders and business management experts to find the secrets to solving your business problems. Find out how to help your business survive current and future business risks. Be more confident about your ability to survive any risk event.
How do you ensure business survival
Improve your business risk management plan with help from BusinessRiskTV risk management experts.
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Prevent your business succumbing to known and unknown business threats.
Review your business costs to develop more business resilience.
Develop contingency plan to continue regardless of risk events.
Standing still May threaten your business survival. You therefore need to identify cost effective ways to grow your business faster.
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Taking Risks To Achieve More In Business With BusinessRiskTV
Do not manage your business from the stand point of fear of business risks. Overcoming fear in business starts with improving your ability to inform your decision-making. With less risk information you have more uncertainty. Increased uncertainty increases negative impact on your business objectives.
Success normally comes from taking controlled risks not hunkering down, crossing fingers or hoping it will work out for you
Risk Appetite and Risk Tolerance
Even if you do not seek business risks, they will find you! Risk taking is part and parcel of the job description of business leaders. Most business leaders seek greater rewards from their business. Greater rewards normally come from taking on more risk. Taking on more risk does not automatically mean you need to take on a higher level of risk. If you control the risks you take on the net level of risk can remain the same, but the rewards can be greater.
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Learn how to improve your business decision-making capability to boost your business performance
Increase the chance of success in business by improving the quality quantity and speed of your decisions. Improve your decisions by improving the risk information at your disposal and the risk management tools and techniques you use to help you make decisions.
Inform your options in business decision-making. Explore your perception of real risks to your business. Concentrate your resources on best business opportunities.
Identify the sources of threats to your business objectives
Use tools and processes to assess the risks to your business
Manage strategic operational and project risks better
Define what the significant risks to your business objectives are. Risk management can help you take sound business decisions to build your business resilience to grow your business faster with less uncertainty. Manage the risks that could present a barrier to your business survival or continued business growth. Evaluate the adequacy of your business risk management plan and risk management process.
Taking Risks To Achieve More In Business With BusinessRiskTV
Minimise the key threats better and seize best business opportunities more easily with greater returns.
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Strategic Decision Making For Business
How to make better strategic decisions for your business if you are business leader
Maximise Your Business Success: Proven Strategies for Better Strategic Decision-Making for Business Leader
Making better strategic decisions for your business can be challenging, but it is essential for its success. Business leaders play a crucial role in creating and executing strategies that drive growth, competitiveness, and profitability. Here are a few tips to help you make better strategic decisions for your business:
Start with a clear vision: Having a clear vision of where your business is headed is critical. It helps you set your priorities and make decisions that align with your goals. Make sure your vision is realistic, achievable, and inspiring.
Gather data and insights: Gather data on your market, customers, competitors, and your own performance to inform your decision-making. Use tools like market research, customer surveys, and data analytics to get insights into the trends and patterns affecting your business.
Consider multiple options: Don’t limit yourself to a single strategy. Instead, consider multiple options and weigh their pros and cons. Encourage your team to bring new ideas to the table and consider them seriously.
Seek feedback from key stakeholders: Before finalizing a decision, seek feedback from key stakeholders, including employees, customers, partners, and suppliers. Their input can help you make informed decisions that take into account the perspectives of those who are affected by them.
Create contingency plans: Anticipate potential risks and prepare contingency plans to minimize their impact. This helps you mitigate risks and be prepared for any eventualities that may arise.
Stay flexible: The business environment is constantly changing, so be prepared to adjust your strategy if necessary. Stay open-minded, monitor the situation closely, and be ready to pivot when circumstances require it.
Communicate effectively: Effective communication is critical to the success of any strategy. Ensure that everyone understands the strategy and their role in executing it. Regularly communicate progress, changes, and updates to keep everyone informed and engaged.
In conclusion, making better strategic decisions for your business requires a combination of vision, data, collaboration, contingency planning, flexibility, and effective communication. As a business leader, it’s up to you to set the tone and lead by example in making informed, strategic decisions that drive your business forward.
Maximise Your Business Success: Proven Strategies for Better Strategic Decision-Making for Business Leader
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How to grow your business fast with BusinessRiskTV
Celebrate Your Online Business Growth With Pro Risk Manager
Our Pro Risk Manager service will protect your business better and provide practical tools and techniques to increase your online sales to maximise your profit.
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If people searching for your type of products or services do not find you they will go to your competitors
Improving business performance
Enterprise Risk Management Health Check
There are many ways to improve your business performance. Are you suffering interruptions to your normal business trading ability? Could you be missing opportunities to increase your online sales? Are you really making your existing assets and resources work productively and efficiently?
Online Exhibition Platform
Online Exhibition Platform With BusinessRiskTV
We have a number of virtual exhibition platforms to showcase the best of your business online. Pick the best online exhibition platform for your country or industry.
Virtual Exhibition Platform To Showcase Your Business Products and Services To Buyers Already Interested In Your Type Of Business Offering
Innovative ideas for company growth
Business Growth With Less Uncertainty Forums
Business Coaching Packages
Business Coaching Services
Your dedicated online business coach will work with you and your colleagues to help drive your business forward faster
Look at your business risks through the eyes of other business risk management experts
A fresh pair of eyes will help you see threats to your business assets and opportunities for business growth. Build your business resilience and develop your online income streams with BusinessRiskTV risk management experts.
Reduce cost of being in business and boost your purchasing power
Enterprise Risk Management Best Practices Explored Online With BusinessRiskTV.com
Ways To Improve Business Performance with BusinessRiskTV
Use our livestream selling platform to grow your business faster more profitably
LiveStream Shopping Will Grow Your Business With Help From BusinessRiskTV
Our Live Stream Shopping Platform will boost your profit. Increase your reach to new customers to expand your online sales. Adopt good eCommerce solutions to improve your cash flow and strengthen your business resilience. Tap into rising demand for an online shopping experience with live video shopping. Our live video selling opportunities will increase your online sales conversions. Our LiveStream shopping experience incorporates live video content, interactive communication with potential new buyers and the ability for new customers to seamlessly buy or save featured products or services directly from you online.
Livestream Shopping enables your new audience explore your offering. Potential new customers will interact through their comments, likes and eCommerce opportunities to sell more online.
Offer LiveStream Shopping to your online audience with BusinessRiskTV
Sell your products or services direct to new buyers who discover your brand online with our help. Sell more locally nationally and even globally. Our live-shopping platform will increase your online sales and your profit.
Solve new potential customer problems before they move on.
Grab their online purchasing power before your competitors do.
Ask buyer blocking questions to make it easier for people to buy there and then online.
The heightened level of engagement with potential new customers gives you more time to showcase why new customers should buy from you and buy today!
Flash Sales To Fill Unused Service Capacity Or Unsold Stock
Deploy our LiveStream Shopping Service to maxise your profit when you want to. Give more people the opportunity to grab and bargain whilst you boost your profit.
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Create a new brand live experience for your potential new customers.
Expand your online sales faster.
Our flexible cost-effective Live Shopping Service will more rapidly flex your online sales. Start selling more products or services online with our new live selling service. Live streaming combine with E-commerce will secure boost your online sales. Our interactive live-streaming ecommerce platform brings potential new customers to your business more quickly more profitably.
Sell to new customers down the road or to the other side of the world
Make Products Shoppable With Livestream
To make your products or services more shoppable through live streaming in the UK, you can follow these tips:
Showcase the products: Make sure to highlight the key features and benefits of your products during the live stream. Demonstrate how the products can be used and what makes them unique.
Interact with your audience: Encourage your audience to ask questions and engage with them in real-time. This not only helps build trust but also provides valuable insights into what your audience is looking for.
Offer special promotions: Consider offering exclusive deals or discounts to viewers who make a purchase during the live stream. This can create a sense of urgency and drive sales.
Make the process seamless: Ensure that your e-commerce platform is integrated with your live stream so that viewers can easily make a purchase. Make the checkout process smooth and secure to minimise any friction.
Partner with influencers: Consider partnering with influencers or social media personalities who have a large following in the UK. This can help you reach a wider audience and increase brand awareness.
Utilise social media: Promote your live stream on your social media channels and engage with your followers. This can help drive traffic to your live stream and increase the chances of making a sale.
Provide excellent customer service: Make sure to provide excellent customer service during and after the live stream. Respond promptly to any questions or concerns and follow up with customers to ensure they are satisfied with their purchase.
The UKs business continuity plan BCP for pandemic drafted over more than a decade under several governments was effectively written on the back of a fag packet!
The UK needs to prepare better for major risks to business economy and society. The UK and the world is now dealing with the impact of the Covid-19 pandemic. However it is clear from Dominic Cummings evidence before today’s joint parliamentary committee that the UK was not prepared for any pandemic despite pandemic risks being an acknowledged major threat to UK people businesses and society as a whole. What is your business doing to prepare for key significant threats to the survival of your business? How will you respond for known and unknown business risks? Who will manage your business sustainability through all business rough seas. Where will your existential threats come from? When will your business survival be challenged?
Some revelations from Dominic Cummings related to preparation of threats to continuity of life and business in UK include:
People are ill prepared and potentially incompetent when responding to major risk events – senior people within the UK Civil Service and within political leadership are often promoted beyond their capability to react appropriately to mitigate impact of risk events.
Written business or service continuity plans are poorly drafted and useless upon the occurrence of major risk events – the UK Civil Service and UK politicians across the political spectrum whilst in government failed to write suitable usable and effective plans to mitigate the impact of major risk events on UK businesses economy and society as a whole.
Some people on your team will react poorly to the demands placed upon them from major risk events – just as in normal operating circumstances, during a disaster event and the recovery therefrom, people will perform poorly without the guidance support and direction from well written business continuity plan.
Competing demands unrelated the major risk event will impede business recovery – the rest of the world will not stop spinning just because your business has been majorly interrupted due to a risk event. Your business continuity plan needs to accommodate continuation of normal business risks as well as recovery from major risk events.
Delaying business decision making during a recovery of major risk event can increase the damage experienced by the business – procrastination due to fear you make wrong decisions can in itself cause further business damage.
Group Think can cause increased damage following major risk event – just because everyone is pulling together to recover from major risk event does not mean you are doing the best thing for your business. Decisions made using bad thinking can exasperate the damage to a business trying to recover from major incident.
Leaders can only make good decisions based on good risk analysis and data – just because you are receiving data on the impact of risk event does not mean the best solutions will be chosen during the mania of major risk event.
It is clear that any government would have struggled to manage the risks from the Covid-19 pandemic. The Tory government struggled in England and made mistakes as did the SNP led government in Scotland and the Labour led government in Wales as well as the DUP led government in Northern Ireland. However, relying on the wit and off-the-cuff reactions of leaders in the event of major incidents leads to worse outcomes and longer interruption.
Dominic Cummings may have his own motives for his written and verbal words on the Covid19 pandemic. However, what is 100 percent certain is the inability of leaders to make good decisions without a proper practiced and revised business continuity plan.
How does economic growth affect businesses in UK positively and negatively
Recent UK economic growth forecast 2021 from Bank Of England is supersonic fast 7.25 percent. Why is economic growth important? Fundamentally, UK economic growth raises the standard of living for everyone working and living in the UK. Focusing on managing the risks of growth or lack of is why we are here. Read business risk management articles on UK economic growth barriers, opportunities and catalysts. By helping you understand the threats and freedom to expand your business you can grow your business faster with less uncertainty.
If you are a business leader or owner in UK or wanting to sell into the UK, find out what you should be worrying about and what you should be taking advantage of now. Now is the time to improve your management of business risks.
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Do not tar Lloyds bank with the same toxic brush of the UK banking industry
People think Lloyds bank is a big bad bank that was part of the financial crisis of 2008. Lloyds bank was in fact one of the hero’s of the financial crisis. Lloyds bank saved the Halifax brand including the Bank Of Scotland whose executives were the real baddies along with the Royal Bank of Scotland now Natwest. By saving the Halifax plc group of bank brands it helped stop the implosion of the UK economy.
If Lloyds bank had not stepped in when it did, Halifax plc group of bank brands would have collapsed and a major domino would have irreparably damaged the UK economy. If we thought it was bad economically with austerity and job losses in UK, without Lloyd’s intervention to takeover Halifax plc it would have been catastrophic. Anarchy on the streets would have resulted and the UK would have entered a period of lifespan that would have been worse than World War 2. We came back economically after Word War 2. If Lloyd’s bank had not stepped in the UK would be more like Venezuela now.
From the financial crisis Lloyds Bank has tried hard to make matters worse including but not limited to PPI scandal where more than £20 billion pounds worth of shareholder value was destroyed. Incompetent greedy executives poorly directed employees to make repeated missteps post financial crisis 2008 to make matters worse. Added to this Lloyds bank has had to manage the risks from external sources including Brexit and Covid-19 pandemic.
However Lloyds bank is now very far from the perceived bad bank it had become. Prior to the 2008 financial crisis Lloyds bank was a boring bank. Investors loved the fact it was a traditional boring bank. It’s share price was £6 plus and it paid out relatively gigantic dividends every year to support pension funds, pensioners and other investors. Lloyds bank had no choice but to take over basket case Halifax plc. If Lloyds bank did not takeover Halifax plc basket of bank brands it is likely that Lloyd’s bank would have collapsed due to the domino effect. As Halifax plc and Royal Bank of Scotland folded they would have swamped the position of Lloyds bank as the UK economy went into a nosedive it is unlikely to have recovered from for many decades, if ever.
The only positive for Lloyds bank’s takeover of Halifax plc bank brands is that in all other circumstances Lloyds bank would never have been allowed to takeover Halifax plc by the UK competition authorities. Lloyds would have become too powerful in the marketplace. As it is, the only real risk to Lloyds bank is that it could be broken up as it is too dominant in for example the mortgage market.
Lloyds is the biggest player in the UK mortgage market. In a marketplace where the UK housing market is booming a share price of less than £0.45 is a joke!
Lloyds bank has come through the PPI scandal. Having destroyed shareholder value in the past, the laws have been changed to largely cap any future payouts under the PPI heading.
Brexit has now happened. Whether this is good or bad for the UK economy depends on which half of the UK adult population stand on Brexit. What is perhaps clear is that if it is going to impact negatively on the UK business community it is not going to be catastrophic. It may even been hugely beneficial to UK businesses. Lloyds bank will not be significantly impacted negatively by Brexit and may be impacted on the positive side.
The Covid-19 pandemic is far from over. However the UK vaccination programme and its likely adaptation to combat virus variations means the UK economy is now through the worst. The only question is how good will the future be? Lloyds bank can easily navigate the future risks if, as it has done, navigated the worst of the pandemic in the UK.
Another enterprise risk management article looks at the UK economy as a whole in the spring of 2021. Essentially most things point to exceptional UK economic growth through 2021 and 2022. Lloyds bank is perhaps uniquely placed to take advantage of any such economic growth. Its strategy is based on making money from UK consumer and UK business confidence and growth, both of which are at record all time highs.
If interest rates rise it will give all banks more opportunities to be profitable. With UK interest rate at record low of 0.1 percent banks will win from interest rate rises. Interest rates are not going to go negative.
Unemployment in UK is a key threat to UK banks. However many predict the UK unemployment is not going to be any way near as bad as was feared due to pandemic. Indeed if the vaccination roll out continues as hoped, unemployment rates are likely to be slightly above pre-pandemic levels. Certainly not at levels that would threaten Lloyds bank profit.
Lloyds bank has comparatively high profit margin compared to many UK banks so is more protected from downside risks.
UK consumers have paid off debt and saved more during the pandemic. When their spending power is fully unleashed on the UK economy post June 2021 the UK is going to see an economic growth not experienced since post World War 2 period. Lloyds bank is ideally placed via mortgage and non-mortgage lending to take advantage of this revitalisation of UK economy.
Lloyds bank was never the bad bank. It had to takeover the greedy and incompetent at Halifax plc. During that process it has had to manage internal and external risk drivers. It is likely that Lloyds bank’s worst days are behind it. Lloyds bank would have to work really hard to screw up its current opportunities for exponential growth.
Understanding holistic risk management including reputation, technology and insurance in managing business risks
Tesla CEO Elon Musk said in January 2021 that he anticipates huge profits from Tesla Full Self-Driving Software which he thinks is more reliable than human beings driving. Two men have died after a 2019 Tesla Model S, which is believed to be operating without anyone in driver’s seat, crashed on 17th April 2021 killing both occupants. One was believed to have been in passenger seat in front, and the other in one of rear car seats. “There was no one in the driver’s seat, ” Sgt Umanzor of the Harris County Constable Precinct 4 said.
USA auto safety agency reported in March 2021 it was investigating 27 accidents involving Tesla vehicles. Tesla self driving technology is a unique selling point that is critical to the success or failure of Tesla business model.
Seize the new business opportunities. Mitigate the technology risks potentially threatening your business.
Around BusinessRiskTV
Risk Profile v Risk Appetite – Risk tolerance vs risk appetite is important to understand. If you do not know what your risk profile is you cannot manage your business risks better. Could you increase your appetite for risk to achieve more business success? What is your risk tolerance?
How To Grow Business Faster Business Tips – Grow business faster with BusinessRiskTV. Use practical business growth tips. Thing how do I grow my business fast? Need how to grow business tips. Use latest business tips and marketing tools. Our business growth experts work with our Online Selling Partners providing tips for business growth. Learn how to grow your business fast with BusinessRiskTV. Pick up tips on how to grow business faster. Connect with our business growth experts and partners. Save money and time to become more profitable and other latest business tips from BusinessRiskTV.
iso 31010 Risk Management and Risk Assessment Techniques Guidance – Do you know where to focus our resources to protect and grow your business? iso 31010 risk assessment tools and techniques can help you identify assess and control critical risks to your business. Understand your business risks better with iso 31010 risk assessment awareness. Mitigating Threats Maximising Returns From Business Opportunities
Understanding and Managing Risk Better – A better way to manage business enterprise risk. Risk management courses distance learning. Develop better business risk management plan. Discover best enterprise risk management online training courses for your needs. Risk management courses UK and overseas. Join like minded senior managers executives and risk management practitioners. Learn how to manage business enterprise risk management risks better. Save money and time with BusinessRiskTV. Search for tips on developing your improved business risk management plan.
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Stop looking to reduce risk and instead make your business plans under a risk-based approach to business decision making with BusinessRiskTV
How can business leaders change business performance with a more risk based approach to business management?
Are you interested in boosting your business performance? Do you use online resources to improve your knowledge of business risks impacting on your business objectives? Do you want to make your business more profitable?
Look at risk as a positive for your business. Manage the threats better. Seize new business development opportunities quicker and enhance the benefits arising from risk taking.
Risk Profile v Risk Appetite – Risk tolerance vs risk appetite is important to understand. If you do not know what your risk profile is you cannot manage your business risks better. Could you increase your appetite for risk to achieve more business success? What is your risk tolerance?
How To Grow Business Faster Business Tips – Grow business faster with BusinessRiskTV. Use practical business growth tips. Thing how do I grow my business fast? Need how to grow business tips. Use latest business tips and marketing tools. Our business growth experts work with our Online Selling Partners providing tips for business growth. Learn how to grow your business fast with BusinessRiskTV. Pick up tips on how to grow business faster. Connect with our business growth experts and partners. Save money and time to become more profitable and other latest business tips from BusinessRiskTV.
iso 31010 Risk Management and Risk Assessment Techniques Guidance – Do you know where to focus our resources to protect and grow your business? iso 31010 risk assessment tools and techniques can help you identify assess and control critical risks to your business. Understand your business risks better with iso 31010 risk assessment awareness. Mitigating Threats Maximising Returns From Business Opportunities
Understanding and Managing Risk Better – A better way to manage business enterprise risk. Risk management courses distance learning. Develop better business risk management plan. Discover best enterprise risk management online training courses for your needs. Risk management courses UK and overseas. Join like minded senior managers executives and risk management practitioners. Learn how to manage business enterprise risk management risks better. Save money and time with BusinessRiskTV. Search for tips on developing your improved business risk management plan.
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Guidance On Enterprise Risk Management On BusinessRiskTV
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ERM Framework Implementation
Enterprise Risk Management (ERM) is the process of identifying, assessing, prioritising, and managing risks that could affect an organisation’s ability to achieve its objectives. In today’s fast-paced business environment, organizations face numerous risks, such as financial, operational, strategic, regulatory, reputational, and cybersecurity. The failure to manage these risks could lead to severe consequences, such as financial loss, legal liability, damage to reputation, and even business failure.
Therefore, it’s critical for organizations to implement a robust ERM framework to identify and mitigate risks that could potentially harm the organization. In this article, we will provide guidance on how organisations can implement an effective ERM framework to manage risks.
Establishing an ERM framework The first step in implementing ERM is to establish a framework that outlines the organisation’s risk management policies, procedures, and practices. The framework should define the roles and responsibilities of the risk management team, establish risk assessment methodologies, and identify the key risk indicators (KRIs) that will be used to monitor risks.
The ERM framework should also identify the organisation’s risk appetite, which refers to the level of risk that the organisation is willing to accept in pursuit of its objectives. The risk appetite should be clearly defined and communicated to all stakeholders, including employees, investors, customers, and regulators.
The ERM framework should be aligned with the organisation’s strategic objectives, and the risk management team should work closely with the senior management team to ensure that risk management is integrated into the organisation’s decision-making process.
Conducting a risk assessment The next step in implementing ERM is to conduct a risk assessment, which involves identifying, analysing, and evaluating risks that could potentially harm the organisation. The risk assessment should be based on a systematic and comprehensive approach that considers all the potential risks that the organisation faces.
The risk assessment should consider both internal and external factors that could affect the organisation’s ability to achieve its objectives. Internal factors include the organisation’s culture, structure, processes, and people, while external factors include economic, political, technological, and regulatory factors.
The risk assessment should also consider the likelihood and impact of each risk and prioritise them based on their significance. The risk assessment should be updated periodically to ensure that new risks are identified and managed.
Developing a risk management plan Once the risks have been identified and prioritised, the next step is to develop a risk management plan that outlines the actions that will be taken to manage each risk. The risk management plan should consider the risk appetite of the organisation and the resources that are available to manage the risks.
The risk management plan should include specific measures to mitigate each risk, such as risk avoidance, risk reduction, risk transfer, and risk acceptance. Risk avoidance involves eliminating the risk altogether, while risk reduction involves implementing measures to reduce the likelihood or impact of the risk. Risk transfer involves transferring the risk to another party, such as an insurance company, while risk acceptance involves accepting the risk and managing it within the organisation’s risk appetite.
The risk management plan should also identify the stakeholders who will be responsible for managing each risk and the KRIs that will be used to monitor the risks. The risk management plan should be reviewed periodically to ensure that it remains effective and relevant.
Implementing risk management controls The next step in implementing ERM is to implement risk management controls to manage the risks. Risk management controls are the policies, procedures, and practices that are implemented to manage the risks identified in the risk assessment.
Risk management controls should be designed to ensure that the organisation operates within its risk appetite and that the risks are managed effectively. Risk management controls should be integrated into the organisation’s processes and systems to ensure that they are followed consistently.
Monitoring and reporting on risks The final step in implementing ERM is to monitor and report on risks. Monitoring involves tracking the effectiveness of the risk management controls and the KRIs that were identified in the risk management plan. The monitoring process should be designed to detect any changes in the risk environment and to ensure that the risk management controls remain effective.
Reporting involves communicating the results of the risk management process to stakeholders, such as the board of directors, senior management, investors, customers, and regulators. The reporting should provide an accurate and comprehensive view of the organisation’s risk exposure and the effectiveness of the risk management controls.
Reporting should also include any significant changes in the risk environment and any emerging risks that could potentially impact the organisation. Reporting should be timely, accurate, and relevant to ensure that stakeholders have the information they need to make informed decisions.
ERM is a critical process that organisations must implement to manage the risks they face. ERM involves identifying, assessing, prioritising, and managing risks that could potentially harm the organisation.
To implement an effective ERM framework, organizations must establish a framework that outlines the risk management policies, procedures, and practices. They must conduct a comprehensive risk assessment that considers all the potential risks that the organisation faces and prioritise them based on their significance.
They must develop a risk management plan that outlines the actions that will be taken to manage each risk and implement risk management controls to manage the risks. Finally, they must monitor and report on risks to ensure that the risk management process remains effective and relevant.
By implementing an effective ERM framework, organisations can mitigate the risks they face and achieve their objectives in a safe and sustainable manner. The ERM framework should be reviewed and updated periodically to ensure that it remains effective and relevant to the changing risk environment.
Expand your business online with help from BusinessRiskTV
Starting or growing an online business in UK. Create an online business as a side hustle or for your established UK business. Are you interested in growing your business faster? Do you use the internet to attract new customers? Do you want to sell more online?
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Explore great opportunities to get your business name in front of our readers and followers. Put your brand in front of interested potential new customers sustainably and more cost-effectively.
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Beat your online rivals with help from BusinessRiskTV
If you are not competing more online your business may fail or at least miss out. Work with BusinessRiskTV to compete better online. Sell more online and maximise your profit. Grab more sales from your online rivals. Get ahead of the acceleration in the shift to online shopping. Competition online is strong. Add to your armory to protect and grow your business faster.
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Leadership problems and solutions with BusinessRiskTV Help Tips and Support
Business leaders need to challenge their thinking. Proactively managing key business risks can boost your business performance. Good business leaders can often make good decisions under pressure from risk events. However they can also make decisions that exacerbate risk events.
Leadership Problems and Solutions with BusinessRiskTV
Overcoming rapidly varying business risk hazards whilst growing a business
Risk factors external to the business are perhaps more difficult to control. Internal risk drivers however can be just as fatal to a business. Manage the biggest leadership challenges better.
Top Thought Leaders and Risk Management Experts
Our thought leader partners and risk management experts offer you free business tips advice and support. Reduce the biggest business business challenges to more easily manageable proportions.
Inform your strategic thinking and improve operational and project risks with BusinessRiskTV
Improve your key business decision making process to reduce negative outcomes and increase return on investment in business development.
Leadership challenges are inevitable. No business is immune to problems. We cannot guarantee bad thinks will not happen to your business. We can guarantee you will be better prepared to overcome business challenges.
Avoid being overwhelmed by risk events. Feel better about the way you manage your business risks. Get a quiet nights sleep knowing you are working on the key risks with the finite business resources available to you.
Challenging long-held beliefs or perceptions of threats and opportunities could reveal a better risk management strategy for your business. You may even find new business success in previously uncharted business development territory.
Learn how to identify and manage the key threats to your business objectives. Change your business decision making process to explore enterprise-wide business risks to more efficiently direct your business assets to what matters for your business success.
False Perceptions Of Risk Is Dangerous Way To Manage Your Business
Invest your efforts in what really matters not what you perceive is best use of your money and time. Basing your business decisions on false or incorrect assumptions about your key business risks is dangerous. At best you may miss new business opportunities for growth. At worst it could bring an end to your existence in business.
Adjust Your Leadership To Change Your Business For The Better
Work with us to gain confidence in changes to your business strategy. Changing the status quo can feel challenging. Challenging the status quo is less daunting if you engage more of your workforce in the decision process. We can assist to facilitate an exploration of what you could be doing better before you make the decision to change.
Engaging your employees to challenge possible changes encourages greater buy-in to eventual changes you choose to make. Involving employees in the implementation of the changes brings quicker rewards and more sustainable willingness to make changes work well. Making decisions in isolation at board or senior level may result in good decisions or bad decisions. However, they are unlikely to lead to the best way forward for your business or result in the best use of your resources.
We can even engage top thought leaders from around the world and other risk management experts to help no matter your industry or preferred country of operation.
Even if we wanted to return to pre-pandemic days, this will not be for months, perhaps years. However, we should not aspire to return to pre-pandemic days with the dawning of a new era of business innovation, creativity and aspiration to change to something better.
Which door will you pick to enter a new era of business post-pandemic?
The pandemic has been tough on businesses. Fight back in 2021! Take a balanced risk management approach to recovery.
The Zoom meeting link will be published on LinkedIn around 24 hours before the online meeting on the 15th December 2020 at 5:00 – 5.30pm GMT. Don’t miss out on our virtual Risk Management Toolbox Talk hosted by Keith Lewis, editor@BusinessRiskTV.com.
Local online management experts are only a click away
Exploring consequences of poor risk management with BusinessRiskTV
There are often good reasons for poor risk management. That does make poor risk management acceptable. Causes of poor risk management are varied. They include poor risk management culture, an inadequate enterprise risk management framework with accepted risk owners and risk supervisors as well as lack of effective enterprise-wide risk assessment process.
We believe there are business experts out there who want to improve the quality of enterprise risk management. Our introductory risk management toolbox talks are designed to open up your mind to more innovative ways to doing more business with less uncertainty. If you like our approach, you will have the opportunity to become a member of BusinessRiskTV for 12 months to protect your business better and grow your business faster.
Failure To Manage Enterprise Risks Vs Failure Of Risk Managers Risk Management Toolbox Talk
In this context we do not just mean people with Risk Manager in their job title. We mean people who should take ownership of specific key enterprise risks as well as the people charged with monitoring or supervising risks including making sure risk management is embedded within the day to day activities of the business or enterprise.
Do you know if your business is making good or bad enterprise risk management decisions? Pandemic risk management is a good example of good and bad risk management – under pressure we make good and bad decisions. Every day pre-pandemic managers of business risk are under pressure. Post-pandemic managers of risk will remain under pressure.
This enterprise risk management toolbox talk focuses on understanding business risks better and how to make better business decisions to build business resilience and boost business performance. Because your time is so valuable we will complete our introduction to better enterprise risk management in no more than 30 minutes.
Title: Failure To Manage Enterprise Risks Vs Failure Of Risk Managers Date: Wednesday, 6th January, 2021 Time: 5:00-5:30 p.m. GMT Speaker: Keith Lewis, BusinessRiskTV
In this enterprise risk management toolbox talk we will cover:
Taking personal ownership of enterprise risks.
Understanding the true level of risk facing your business.
Identifying risk management action to protect your business better and grow it faster.
Save the date for introduction to how to improve your management of business risks to boost your business resilience and performance.
Participants at introductory online risk management toolbox talk can also put themselves forward as business risk experts at future more advanced online workshop events to share your expert business knowledge and promote their business interests. Are you a risk management expert in your country, industry or specific risk topic? Get in touch with us if this is you.
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Sign up for our introduction to international trade risk analysis assessment and management with help of BusinessRiskTV and its risk expert network
Risk Management Toolbox Talk Exploring Barriers To And Opportunities From International Trade
What could cause the opening or closing international trade marketplace? The closing or opening of international trade to your business is perhaps at a recent high level of uncertainty. What elements of international trade threaten your business? What events could open up new opportunities to your business? How do you manage the risks better? Mitigate the threats impacting on your business success. Enhance the beneficial outcomes for your business of international trade.
Online workshop is an introduction to BusinessRiskTV online risk management service to help business leaders make key business decisions to manage threats and opportunities better.
The opening or closing of international marketplace to all who wish to participate is a moving feast. Changes in threats and opportunities can arise based on sudden economic, geopolitical and technology risks in particular.
Managing risks from international trade may be limited to mitigating threats, or harnessing and enhancing the benefits from international trade. It may be impossible to influence whether risk events occur or not. However, exploring the threats and opportunities may be critical to your business success.
Being the first mover may be just as important. The first businesses to act tend to carry the greatest risks and rewards. If you are to act first you may need help from risk experts to improve your business intelligence and international trade risk knowledge.
Benefits include:
Limiting losses
Maximising sales profit
Grow faster with less uncertainty
Opening the enterprise risk management process of identifying analysing and assessing to international trade risks. Working on overcoming international trade barriers. Exploring a risk profile of a company and international trade risks. Developing an enterprise risk management implementation road map to stronger business resilience and expansion. Starting to understand how to overcome trade barriers including supply chain risk management. Identifying solutions to international trade problems. Opening the door to further risk workshops with an introduction to international trade risk awareness training and enterprise-wide risk management solutions.
Pay below via Paypal to secure your place on our online risk management workshop.
Who should attend?
Business leaders, business owners, executives and senior managers as well as risk professionals.
How to attend online risk management toolbox talk on
Title:
Uncertainty of international trade expanding or contracting
In this this essential risk management toolbox talk we will cover the key international trade risks potentially impacting on your business including:
Geopolitical Risks
Global Economy Risks
Technology Risks
Save the date for an insight into international trade risk management
Pay fee online via secure third party payment service Paypal who do not inform us of your full account details. We will email you the Zoom video conferencing joining instructions no later than 24 hours before the workshop begins.
As a special offer you will be able to redeem your non-member payment of £20 against your first year’s subscription fee for BusinessRiskTV Pro Risk Manager for 12 months. Membership of BusinessRiskTV opens up Pro Risk Manager service benefits include huge discounts off products and services such as further training, online business coaching and advertising costs. BusinessRiskTV membership provides opportunity to continue corporate risk analysis, assessment and management business intelligence as well as option to collaborate with global risk management experts to improve your ability to manage your business better.
Post introductory online risk management toolbox talk on 15th January 2021, members and non-members of BusinessRiskTV will also be given opportunity to collaborate in future online advanced workshop sessions. These sessions will further explore how business leaders around the world can collaborate specifically on overcoming barriers to international trade, both theory and practice. These advanced workshops sessions will aim to increase international trade by participants. Workshop participants will share expert knowledge and practical business development tools. The introductory online fee will be used to reduce the cost of more advanced sessions by participants.
Participants at introductory online risk management toolbox talk can also put themselves forward as international trade risk experts at future more advanced online workshop events to share your expert knowledge and promote their business interests. Get in touch with us if this is you.
Better manage the risks of selling internationally
BusinessRiskTV Enterprise Risk Management (ERM) Training Workshops and Discussions
Subscribe to free alerts to upcoming enterprise risk management webinars
Reduce uncertainty impacting on your business objectives. BusinessRiskTV enterprise risk management webinars help inform your business decision making. Understand fundamentals of risk based management. Learn new enterprise risk management strategies to boost resilience and growth. Be coached online with best enterprise risk management practices. BusinessRiskTV webinars tackle latest country and industry enterprise risks. What should should know today? How do you manage your business risks better.
Enterprise Risk Management (ERM) Webinar Series
Find out more about global risks to your business. Be aware of local risks. What is happening in your industry you should know about before your next big decision.
Get horizon scanning risk insight.
Develop your risk knowledge.
Build your business intelligence.
Global and local risk experts talking online about risk matters that could impact on your business objectives.
What are some strategies you can adopt to help you navigate uncertainty in the business world
Explore the trends and challenges in your business marketplace. Develop and execute new enterprise risk management strategies to survive and prosper no matter what the business environment is.
An insightful business risk webinar may help you avoid mistakes others have already made.
Discover new ways to grow your business faster.
Access risk management guidance to overcome challenges to your business progress.
Know when free and paid webinars are coming up so you can join the ones that matter to your business. BusinessRiskTV members receive a discount on paid webinars.
Understand your enterprise risk profile to make better decisions. Develop new risk management strategies to help you navigate uncertainty easier and cheaper. Understand the relationship between business risk management and insurance. Create an enterprise risk management road map to boost business resilience and improve performance. Improve your enterprise risk analysis. Sign up with business risk assessment coach to find our where you are now and work towards where you want to get to.
A flexible small business coaching package is affordable and delivered online
Business coaches for entrepreneurs. Use our eBusiness Mentor Service. Online small business coaching packages are tailored to your business priorities. Start or grow your small business with help from small business coach. ebusiness coaching mentoring provides practical tools and techniques to grow your business faster. A one to one business mentor will work with you to help you achieve greater success quicker. Get more out of your investment of time and money in your business. Every small business coaching package is arranged in blocks. You can buy more support if it works for your business.
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Guide On Saving A Struggling Small Business With BusinessRiskTV
Struggling Small Business Guide
A Guide to Saving a Struggling Small Business in the UK
Small businesses play a crucial role in the UK economy, contributing to job creation, innovation, and local communities. However, even the most resilient businesses can face challenging times. Economic downturns, unforeseen circumstances, or poor management can lead to a struggling business. If you find yourself in this situation, it’s essential to take proactive steps to turn the tide and revitalise your small business. In this guide, we will explore strategies to save a struggling small business in the UK and set it on a path towards success.
Assess the Current Situation: To save a struggling small business, the first step is to conduct a thorough assessment of its current situation. Start by analysing your financial records, including cash flow statements, profit and loss statements, and balance sheets. Identify areas where costs can be reduced or revenue can be increased. Look for patterns or trends that indicate underlying issues. Additionally, assess your business’s market position, competition, and customer feedback to gain insights into areas that require improvement.
Develop a Turnaround Plan: Once you have a clear understanding of your small business’s challenges, it’s time to develop a comprehensive turnaround plan. This plan should outline specific objectives, strategies, and tactics to address the identified issues. Consider the following key elements:
a) Financial Restructuring: Explore options for debt consolidation, renegotiating contracts, or seeking additional financing. Develop a realistic budget and cash flow forecast to ensure financial stability.
b) Operational Efficiency: Streamline operations by identifying inefficiencies, eliminating redundant processes, and optimising resource allocation. Look for ways to reduce overhead costs without compromising quality.
c) Marketing and Sales: Evaluate your marketing and sales strategies. Identify target markets, refine your value proposition, and leverage cost-effective marketing channels. Enhance customer engagement and explore new avenues for revenue generation.
d) Customer Experience: Focus on improving customer satisfaction by delivering exceptional products or services. Encourage feedback, implement suggestions, and address any issues promptly. Cultivate customer loyalty and retention through personalised experiences.
Seek Professional Advice: In challenging times, seeking professional advice can provide valuable insights and guidance. Consider engaging the services of a business consultant, accountant, or financial advisor experienced in turnaround strategies. They can help you analyse your business, identify blind spots, and offer tailored solutions. Additionally, they may provide recommendations on accessing government support schemes or grants designed to assist struggling businesses.
Embrace Innovation and Adaptation: In a rapidly changing business landscape, embracing innovation and adaptability is crucial. Identify opportunities to diversify your offerings or enter new markets. Stay up to date with industry trends and technological advancements that can enhance your competitive edge. Explore digital transformation initiatives, such as e-commerce integration, online marketing, or process automation. By continuously evolving, you can keep your business relevant and resilient.
Engage and Motivate Employees: Your employees are vital assets in turning around a struggling small business. Engage them in the turnaround process by fostering open communication, transparency, and a shared sense of purpose. Encourage their creativity and input, as they may offer valuable suggestions for improvement. Recognise and reward their efforts to boost morale and motivation during challenging times. Provide training and development opportunities to enhance their skills and adapt to changing business needs.
Monitor Progress and Adjust: Implement key performance indicators (KPIs) to monitor the progress of your turnaround plan. Regularly review financial and operational metrics to gauge the effectiveness of your strategies. Stay agile and be prepared to adjust your plan based on emerging trends or unforeseen circumstances. Learn from both successes and failures, and continuously refine your approach to ensure sustainable growth.
Saving a struggling small business in the UK requires a proactive and strategic approach. By assessing the current situation, developing a comprehensive turnaround plan, seeking professional advice, embracing innovation, engaging employees, and monitoring progress, you can increase the chances of revitalizing your business and setting it on a path towards success.
Remember that turning around a struggling business takes time, effort, and resilience. It requires a willingness to adapt to changing market conditions, make tough decisions, and implement necessary changes. Be open to feedback, stay focused on your objectives, and remain flexible in your approach.
Furthermore, don’t hesitate to leverage available resources and support networks. The UK government provides various initiatives, grants, and support schemes for struggling businesses. Stay informed about these opportunities and explore how they can assist you in your turnaround efforts.
Lastly, remember that you are not alone. Seek support from fellow entrepreneurs, industry associations, or business networks. Sharing experiences and learning from others who have successfully navigated similar challenges can provide valuable insights and inspiration.
While saving a struggling small business is undoubtedly challenging, it is not impossible. With determination, strategic planning, and a willingness to adapt, you can overcome obstacles and breathe new life into your business. By implementing the strategies outlined in this guide and seeking the necessary support, you can set your small business on a path towards long-term viability and success.
Remember, every setback is an opportunity for growth and improvement. Stay committed, stay focused, and never lose sight of your vision for your small business.
Make Most Of Your Business Opportunities With Executive Coaching Services From BusinessRiskTV
Overcoming Asia International Trade Barriers With BusinessRiskTV.com
Asia Risk Report
Sign up for Asia Risk Assessment Coaching. Asia trading risk assessment will help identify best business opportunities in Asia. Understand the business risks in Asia. Manage the risks of doing business in Asia more effectively. Asia untapped business potential can be tapped. Overcome challenges of doing business Asia. Analyse the future of Asia economy. Complete your assessment of doing more business in Asia to grow your business with less uncertainty.
There are many challenges of doing business in Asia, including:
Different languages and cultures: Asia is a vast and diverse continent with many different languages and cultures. This can make it difficult to understand the local market and to communicate effectively with local partners and customers.
Different business practices: Asia also has different business practices, which can be difficult to adapt to. For example, in some countries, it is important to build relationships with key decision-makers before doing business.
Different regulations: Asia also has different regulations, which can make it difficult to comply with local laws and regulations. For example, in some countries, there are restrictions on foreign investment.
Competition from local businesses: Asia is a very competitive market, with many local businesses competing with foreign companies. This can make it difficult to establish a successful business in Asia.
There are a number of ways to overcome these challenges, including:
Hire local staff: One way to overcome the challenge of different languages and cultures is to hire local staff. This will help you to understand the local market and to communicate effectively with local partners and customers.
Learn about local business practices: Another way to overcome the challenge of different business practices is to learn about local business practices. This will help you to adapt to the local market and to do business effectively in Asia.
Get legal advice: It is important to get legal advice before doing business in Asia. This will help you to understand the local regulations and to comply with local laws and regulations.
Partner with a local business: Partnering with a local business is a good way to overcome the challenge of competition from local businesses. This will help you to establish a successful business in Asia.
There are also a number of latest solutions that can help you to overcome the challenges of doing business in Asia, including:
Cloud-based solutions: Cloud-based solutions can help you to overcome the challenge of different languages and cultures. This is because cloud-based solutions can be accessed from anywhere in the world.
Social media: Social media can help you to overcome the challenge of different business practices. This is because social media can help you to build relationships with key decision-makers and to communicate effectively with local partners and customers.
Mobile apps: Mobile apps can help you to overcome the challenge of different regulations. This is because mobile apps can help you to comply with local laws and regulations.
Artificial intelligence: Artificial intelligence can help you to overcome the challenge of competition from local businesses. This is because artificial intelligence can help you to identify new opportunities and to develop new products and services.
Middle East Trading Risk Assessment Coaching and Mentoring
Sign up to find out more about Middle East Risk Assessment coaching. One to one Middle East business risk management mentoring online. Discover new business opportunities in Middle East.
Risk assessment in practice for more Middle East trading with less uncertainty.
Discover a more risk based structure way of doing more business more profitably
Change false risk perceptions. Put in place appropriate business risk management controls. Assess the risks. Make more informed business decisions. Maximise the return of your investment of time and money in your business.
Our Marketplace Consultants help our Online Selling Partners grow their business faster. Our BusinessRiskTV Virtual Online Marketplace Professional Services seek to improve your new customer experience and our Online Selling Partner experience on BusinessRiskTV by working directly with Online Selling Partners to increase online sales. Our innovative approach to online selling and eCommerce helps existing and new businesses to grow faster. Join with us to boost your existing business profit or start a new business with us as a side hustle or new full time job.
Our Marketplace Consultants help our Online Selling Partners to develop new income streams. They help you to grow your business on BusinessRiskTV. Marketplace Consultants offer tips advice and support to growing businesses. Work with your dedicated Marketplace Consultant on best online marketing tools for your business offering. Join us now to start selling more profitably online. Become one of our Online Selling Partners today.
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How to Identify and Capitalise on Business Opportunities
In today’s competitive marketplace, businesses need to be constantly on the lookout for new opportunities. By identifying and capitalising on these opportunities, businesses can grow and expand their reach.
What is a Business Opportunity?
A business opportunity is a situation where there is a need for a product or service that is not currently being met. This need can be created by a change in the marketplace, a new technology, or simply a gap in the current offerings.
How to Identify Business Opportunities
There are a number of ways to identify business opportunities. Some of the most common methods include:
Observing trends. Pay attention to the changes that are happening in the marketplace. What are people buying? What are their needs and wants? What new technologies are emerging? By staying up-to-date on trends, you can identify potential opportunities that others may have missed.
Solving problems. Think about the problems that people are facing in your industry. Are there any ways to solve these problems in a better way? Could you develop a new product or service that addresses these needs?
Finding gaps in the market. Look for areas where there is a lack of competition. Are there any products or services that are not currently being offered? If so, there may be an opportunity to fill this gap.
Talking to customers. One of the best ways to identify business opportunities is to talk to your customers. What are their pain points? What do they wish they could have? By listening to your customers, you can get a better understanding of their needs and identify potential opportunities.
What Does it Mean to Capitalise on Opportunities?
Once you have identified a business opportunity, you need to be able to capitalise on it. This means taking the necessary steps to turn the opportunity into a successful business.
There are a number of things you can do to capitalise on a business opportunity, including:
Developing a business plan. A business plan will help you to define your business goals, identify your target market, and develop a strategy for achieving success.
Building a team. You will need a team of talented and dedicated individuals to help you bring your business to life.
Raising capital. Most businesses need some form of financial backing to get started. There are a number of ways to raise capital, including loans, grants, and crowdfunding.
Marketing your business. You need to let people know about your business and what you have to offer. This involves developing a marketing plan and executing it effectively.
The 4 Forces in Identifying Business Ideas and Opportunities
There are four main forces that can help you to identify business ideas and opportunities:
Technology: New technologies can create new opportunities for businesses. For example, the rise of the internet has created a whole new market for online businesses.
Demographic trends: Changes in the demographics of a population can also create new opportunities. For example, the ageing population in many developed countries has created a growing market for products and services that cater to seniors.
Economic trends: Changes in the economy can also create new opportunities. For example, a recession can lead to opportunities for businesses that offer cost-saving solutions.
Social trends: Changes in social trends can also create new opportunities. For example, the growing trend of environmental awareness has created opportunities for businesses that offer sustainable products and services.
Identifying and capitalising on business opportunities is essential for the success of any business. By following the tips in this article, you can increase your chances of finding and exploiting the next big opportunity.
Keywords: business opportunity, identify business opportunity, capitalise on opportunities, 4 forces in identifying business ideas and opportunities
New Business Ideas
Virtual Event Planning: With the increasing number of people attending virtual events, starting a virtual event planning business could be a profitable venture. You can specialize in planning corporate meetings, webinars, conferences, or even virtual weddings.
Online Coaching: Online coaching has become increasingly popular over the years. You can start an online coaching business that offers coaching in areas such as personal development, business, health, or fitness.
E-commerce store: With the rise of e-commerce, starting an online store is a great business idea. You can sell products in a specific niche, such as fashion, beauty, or home goods.
Social Media Marketing: As more businesses focus on social media marketing, there is a growing need for social media experts. You can start a social media marketing agency that helps businesses improve their social media presence.
Content Creation: With the rise of digital marketing, there is a growing demand for high-quality content. You can start a content creation business that offers services such as copywriting, video production, or graphic design.
Online Tutoring: Online tutoring is becoming more popular as students seek flexible learning options. You can start an online tutoring business that offers services in a specific subject or a range of subjects.
Health and Wellness Services: There is an increasing demand for health and wellness services such as yoga, meditation, and massage. You can start a health and wellness business that offers these services.
Mobile App Development: As the number of smartphone users continues to grow, mobile app development is a lucrative business idea. You can start a mobile app development business that creates apps for businesses or individuals.
Home Cleaning Services: With people’s busy schedules, there is a growing demand for home cleaning services. You can start a home cleaning business that offers services such as regular cleaning, deep cleaning, and move-in/out cleaning.
Pet Care Services: As more people become pet owners, there is a growing demand for pet care services. You can start a pet care business that offers services such as dog walking, pet sitting, or grooming.
Making the most from the opportunities posed by the coronaviRus pandemic with BusinessRiskTV
Hopefully not all the effects of the coronavirus pandemic will ever be over. The pandemic has given the world a stop clock to look at life in business in other ways. Hopefully a vaccine will be developed to stop people dying but we have been given a once in a century opportunity to change for the better.
Coronavirus hits both supply and demand sides of global economy. CLICK HERE or email editor@businessrisktv.com entering code #CoronavirusRiskManagement.
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Enter code #CoronaviruRiskManagement
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We may actually need more than one vaccine
Covid19 should really morph into something less or more deadly to survive and prosper so wherever we are we are a long way from returning to normal.
Instead of returning to normal and life in business being forever harder it could be easier and better.
BusinessRiskTV
It is looking more likely that our leaders want to get back to business as usual not Business 2.1. This is understandable in terms of the complexity of getting over the worst of the pandemic. However all disasters present opportunities to change to transform into a better version of life in business.
For example around 40 percent of people in UK are still working from home compared to prepandemic rate of around 12 percent. One effect of this is to increase cost of working in short term but could it mean reduced costs of working in long term. Was it really necessary for so many people to commute to an office to work?
If the new normal postpandemic was 20 percent working from home it would mean the rest would commute every day as if it was the school holidays. Imagine how much easier that would be for all workers speed of distribution and the environment.
However that would destroy the value of many office blocks and some investments. Many of the UKs biggest property funds are frozen stopping investors withdrawing funds through fear the funds would collapse. How do you value assets post pandemic if people totally change their way of working.
How will retail recover? Will the High Street ever recover? Most retail experts feel that the world of retail may have changed forever. The virus may have turbo charged what was changing anyway but retailers and property valuations have now changed dramatically if society has changed irreversibly.
Our pension funds are no longer based on assets that are the same value. Will the value recover? It will but it will recover by basing investments in underlying assets fit for the purpose of the future not the past.
We may create a vaccine or vaccines for Covid19 and any morphed versions thereof. However if we are determined the impact of the virus will never be over. In a good way!
Could business leaders:
Continue to offer takeaway services or do deliveries from their restaurants?
Manufacture different products in addition to their core business products?
Maintain and hold on to local suppliers instead of using overseas suppliers in diversification of supply chain lines?
Explore online sales development to be more profitable?
Hold on to cost cutting measures to grow profit?
So much good and bad will flow from the pandemic. It is important not to miss out on the good as well has mitigate the bad. What opportunities and threats are in front of you will depend on your industry and perhaps location.
Now is the time to take the best strategic risk management decisions to come out of the coronavirus pandemic stronger than when you went into it
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Find a group of like minded business leaders and meet up in person or online to grow you business faster with BusinessRiskTV.com
How can business leaders be more creative and innovative to better protect Andrew their business
Entrepreneur meetup. Business management experts. Entrepreneurs and business leaders meeting up to explore mutual business growth with BusinessRiskTV. Engage potential customers and develop quality prospects. Focus your resources on what matters to your business survival and growth. Increase your revenue and grow your business faster.
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Grow your business regardless of the current business environment. Get in touch now!
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Wherever your business is based and whatever your industry find the right forum to protect and grow your business with less uncertainty with BusinessRiskTV.
We can help you with our services and we can connect you with other ambitious business leaders who want to prosper not matter what the global economic outlook is.
Use our business club and business networks to reach more potential new customers. Sell more online using our eCommerce solutions. Stay in control of the future of your business. We help your local business to grow locally and globally.
Entrepreneurs and business leaders meet new people and build your business connections to increase opportunities to increase revenue and profit. Explore mutually beneficial relationship to grow your business faster.
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Business Experts Network
ExpertsHub of risk management experts. Business experts network. Risk Experts Hub. Take more balanced risks to achieve more with risk experts to help you. Avoid taking risks blindly and letting risk events occur in the risk knowledge gap. Connect with risk management experts online.
Create greater business value with more confidence.
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Our global experts can help you online and our local risk experts can come and visit you. Look to the future with our risk experts. Put in place the controls to mitigate threats. Seize new business development opportunities paying greatest return.
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Find top business experts and access small business tips to protect and grow your business with more confidence with BusinessRiskTV Small Business Experts
SME growth tips. SME business experts. Holistic solution for the problems of small business. Get a small business health check up. Protect your small business better. Grow faster.
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Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.
Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.
Creative branding ideas to help your business grow faster with BusinessRiskTV.com
Creative branding ideas
Small business branding ideas. BusinessRiskTV Branding ideas for small business will help you grow faster. Want to increase online sales profitably with clever business branding ideas? Connect with business leaders who can influence the attraction of your products or services. Give your business the best chance of beating the competition to new sales with creative branding ideas.
Many people are thinking about buying your type of products or services. Often the reason they do not buy from you is that buyers do not know that you are offering the type of products or services they want to buy.
Discover innovative ways to reach out to new customers with BusinessRiskTV advertising and marketing ideas to grow your business faster.
Reach out to and engage with potential new customers to at least give your business the chance to sell more
Grabbing the attention of people in buying mode gives you the best chance of making a sale today. Holding their attention for 30 seconds is a long time. Our clever branding ideas pricks new customers attention enough for your to pitch your products and services in the way you want.
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How do you build a business brand and 10 10 tips to start today
Building a strong business brand is a crucial step towards establishing your company’s reputation and attracting customers. Here are 10 tips to help you get started:
Define your brand: Define what your brand stands for, what it offers, and what makes it unique. Identify your target audience and understand their needs and preferences.
Develop a brand strategy: Develop a comprehensive brand strategy that outlines your goals, values, and messaging. Consider how you want to communicate your brand to your target audience, and develop a plan to achieve your objectives.
Create a strong visual identity: Your brand’s visual identity includes your logo, colors, fonts, and other design elements that represent your brand. Ensure that your visual identity is consistent across all channels, including your website, social media, and other marketing materials.
Establish your brand voice: Develop a tone of voice that reflects your brand’s personality, values, and messaging. Use this voice consistently in all your communication channels to establish a strong brand identity.
Build a website: Your website is your brand’s digital home, and it should reflect your brand’s identity and values. Make sure that your website is user-friendly, mobile responsive, and optimized for search engines.
Leverage social media: Social media is an excellent tool for building brand awareness and engaging with your audience. Choose the platforms that are most relevant to your target audience, and create content that aligns with your brand’s messaging and values.
Create valuable content: Develop content that provides value to your target audience, such as blog posts, videos, or infographics. This content should align with your brand’s messaging and provide insights or solutions to your audience’s pain points.
Establish brand partnerships: Partner with other brands or organizations that share your values and can help you reach a wider audience. Collaborate on content, events, or promotions that align with your brand’s messaging.
Monitor your brand’s reputation: Monitor your brand’s online reputation to ensure that your messaging is resonating with your audience. Respond to feedback and address negative comments promptly and professionally.
Measure your brand’s success: Track your brand’s performance using metrics such as website traffic, social media engagement, and customer feedback. Use this data to refine your branding strategy and messaging.
Building a strong brand takes time and effort, but it’s an essential step towards establishing your company’s reputation and attracting customers. By following these tips, you can start building a brand that resonates with your target audience and sets your business apart from the competition.
Are you missing out on business opportunities to grow your business?
Reacting rather than proactively engaging all your business resources and effort on what really matters. Do you really know where your business is going or could go? Or has your business exposed itself to too much or too little business risk?
Most businesses are owned or led by clever hard working and ambitious leaders who just need business management strategy and risk management tools to enable them to make risk balanced business decisions confidently.
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By working closely together to understand you your ambitions your risk management attitude and your business risks we can help you embed the best business management strategy to achieve more with existing assets.
What should you expect from us:
Increased profits and income
More engaged and productive team
More balanced risk taking with quiet nights sleep
Expansion of income streams
Ongoing experienced professional risk management support and mentoring
Flexibility and agility to cope with changing business environment and challenges
Reduced stress and more drive to achieve more with what you have
Clarity of vision and clear business risk map to achieve life and business goals
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We work together to make your business perform better.
WHAT TO DO NOW
If you are a clever hard working and ambitious leader with an established business with a team of at least 5 people and would like to transform your business to create more value from your business assets then contact us and we can arrange a time to speak and explore possibilities.
Use our holistic enterprise wide risk management approach to business decision making to navigate your way through this global economic crisis
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A more holistic approach to business decision making will make more efficient use of your existing resources. Engage your own workforce on a better journey for your business with support from people outside your organisation.
Teamwork in business can include all resources available to you not just the assets you currently have in your business.
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Why BusinessRiskTV.com is a Valuable Resource for Business Owners
Now that you know how to get business news alerts on BusinessRiskTV.com, let’s take a closer look at why this site is such a valuable resource for business owners.
Comprehensive Coverage of Industries: BusinessRiskTV.com covers a wide range of industries, from finance and technology to healthcare and more. This makes it a valuable resource for business owners in any industry who want to stay informed about the latest news and trends.
Timely and Reliable Information: BusinessRiskTV.com is known for its timely and reliable information. The site has a team of expert reporters who work to deliver breaking news and analysis as it happens, so you can be the first to know about important developments in your industry.
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In-Depth Analysis: In addition to breaking news alerts, BusinessRiskTV.com also offers in-depth analysis and commentary on the latest developments in various industries. This analysis can help you gain a deeper understanding of the trends and issues impacting your business.
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In today’s fast-paced business environment, staying informed about the latest news and trends in your industry is essential. By getting business news alerts on BusinessRiskTV.com, you can stay up-to-date on breaking news, market trends, and other important developments that could impact your business.
BusinessRiskTV.com offers comprehensive coverage of a wide range of industries, with timely and reliable information delivered through customizable alerts. The site also offers in-depth analysis and commentary to help you gain a deeper understanding of the trends and issues impacting your business.
Best of all, BusinessRiskTV.com is a free resource for business owners. So if you’re looking for a reliable and valuable source of business news and information, be sure to check out BusinessRiskTV.com today.
Make tomorrow today. Do not procrastinate another day. Transform your business tomorrow today. Things will be better in business tomorrow cause of what you did today and every day.
The business world today and the business world tomorrow will be hugely different after coronavirus pandemic. We need to tackle tomorrow today even in lockdown before peak infection comes.
There are better ways of working that can help alleviate and even solve the coronavirus pandemic. We can learn the better ways to make post coronavirus pandemic better.
We will not manage this crisis quicker by doing what we have always done. Neither will post crisis be better by going back to business as as normal.
Tomorrow will be a better if we change our today
Take action today for a better business tomorrow. Transform your business today. Tomorrow is not a given. Ask yourself how can I make tomorrow better than today? Work with people who can help you make your business better tomorrow.
Join our exploration of practical ways to make being in business better
Join for free and find out more about opportunities to meet up online with top business leaders locally and globally.
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If you join for free today you will receive email alerts to online virtual meetings conferences and discussions you can join if you wish to. You will also receive in your inbox alerts bulletins and reviews to inform your business decision making. Improve your risk knowledge and business intelligence to protect your business better and grow faster.
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Virtual business networking events. Online business networking group events aid improved productivity. Virtually together with online business networking group events. Find networking events. Pick the country industry or business risk or topic you want to learn more about. Discover online business networking opportunities to grow your business faster. Meet up online in online workshops webinars and discussion groups. Focus your time on what matters to your business today and tomorrow. Build new relationships for mutual benefit in online business networking groups. Diversify your risk management knowledge and business intelligence to reduce uncertainty impacting on your business success. More cost effectively meet online.
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We offer a complete guide on how to set up an online business without technical knowledge to do it. As long as you can use email and have the raw materials like some photos and perhaps video we can help you set up your own online business today.
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We quickly guide you through the key steps to follow when setting up your online business. Find out how to grow a more successful business online whether you are just on the High Street or already have an online presence in some form.
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Discover new ways to handle uncertainty in business.
What if the worst was to happen to your business? What maybe the worst for your business might be manna from heaven for other businesses. Your enterprise risk management plan must be bespoke to your business.
Engage the best assets your people more fully. Inspiring more from your workforce will build business resilience and faster growth.
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News opinions analysis reviews and activism with local and global people. Sixth generation movement to power 4th industrial revolution faster cheaper better. Connecting the world to achieve more with less.
6G Today Tomorrow and Everyday Thereafter
How do we improve on yesterday so that today and tomorrow is better and more cost effective. What is it that we have that is good?
What could be better?
Why is it not working now?
How are we going to change things?
When will we achieve enough is good enough?
Where do we need to act?
Who can help us move forward?
Striving for perfection is not our goal. Do not let perfection be the enemy of the good enough. Focus on making realistic changes for the better happen. Dreaming of a better world tomorrow does not make the real world good enough today.
Practical action to progressively improve the world we live in
Most people in 3rd world countries are not interested in woke words. They simply want to live better tomorrow than they did today. Most peoples 1st world problems could be alleviated with a holistic approach to good business management and lifestyle choices.
Fourth Industrial Revolution Latest News Commentary and Risk Review
Aspiration to live better wherever you live in the world can be fulfilled by solving all our problems together at once not by a piecemeal approach. Good words do not put food on the table or a roof over your head. Sodding your neighbour does not protect you from destroying everything you have built around you.
People can work together for common good
We do not need to be in the same country culture or place to work as a team to achieve what we want for ourselves. Getting what you want can help others to get what they want out of the investment of time.
Putting up trade barriers does not work for the builder of walls. Forcing people to be in your gang does not make progression towards goals fast enough. Seeing the mutual benefit at the end for all people on the bus does.
Our holistic approach to making decisions for the common good will be successful for all who lend support
If you put your shoulder to the wheel you can reap the rewards from the effort.
We are not looking for constant companions but do seek constant progress. Moving it forward a little everyday is better than big leaps now and again. We do not need to be beside you for every step but would like to be with you at the end of the journey. We can achieve more together than on our own.
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How to improve online presence to drive more business. The 4th industrial revolution has jumped forward with coronavirus. It is more important than ever to fight online for new revenue streams. When COVID19 has passed the world in business will be changed forever.
Future proof your business with a better online presence
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Use our online marketplaces to connect your business with more new customers online
Wherever you want to sell to we can help you sell more profitably. Sell more locally and globally online. Access support services from BusinessRiskTV.
Manage the risk from the coronavirus as effectively as possible to protect and grow your business with BusinessRiskTV free tips advice and support
During the coronavirus pandemic there may be opportunities to grow. Changing what you do can produce new income. You maybe fortunate that that your business activity is relatively unaffected. Whatever your reasons we can help your business sell more online for free during the coronavirus pandemic.
Free advertising and marketing ideas for small and medium sized businesses SMEs. Start your free SME online advertising with BusinessRiskTV.
You provide the advertorial content by email. Tell us why your business offering is so good.
Include image to promote your business.
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Enterprise Risk Management ERM Consulting and Training With BusinessRiskTV.com. Work one to one to protect your business better. Grow your business faster with less uncertainty impacting on your business objectives.
Business Mentor Online. An enterprise risk management mentor can help you change your business more quickly. An eCommerce Mentor can help you sell more online. BusinessRiskTV online business mentor helps you to manage business risks better. Practical enterprise risk management holistic solutions and specific problems solved. Members can search for and find risk management experts and business leaders to interact online with. Learn from leaders in enterprise risk management and future leaders in the industry. Joining our online networking and career development tools helps you find connect and share experiences with others locally and globally.
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BusinessRiskTV is our enterprise risk management ERM hub for business experts where you can find the risk management resources you need to manage business risk better.
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Link together. Managing risk in business better. Learn how to identify and manage risk better in your enterprise. Network online. Improve governance risk and compliance GRC to achieve business goals easier.. Manage risk more cost effectively. Comply with legal obligations more assuredly. Create the best risk management framework and risk assessment process for your business.
Overcome business challenges with better risk management practices and procedures. Business leaders can seek the support of risk management professionals specialist and experts in their field industry or country.
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Identify and manage potential problems that could negatively impact on your business objectives. Identify the best new business opportunities and maximise the returns. Be guided through improvements in strategic operational and project risk management.
Create and test best business solutions quicker and cheaper.
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Now that we have been forced to take time to think about everything differently what will you do differently to ride the 4th industrial revolution wave ahead of your competitors?
Signs in the UK that there is demand for even more online. From food to online services to fashion people still want to shop but online from a distance. Major retailers are ramping up their online shopping and delivery services. Many are employing thousands of more staff to cope with demand.
Is your business making the most from online sales and delivery during coronavirus pandemic?
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The coronavirus will hopefully pass. It could morph into something worse or less bad. Even if it does not burn itself out the human race will take months to find a vaccine in sufficient quantities to control its spread. Even when the G20 countries have it relatively under control they will be repeatedly be reinfected from each other and less well developed countries as people start to travel again.
Make no mistake one way or another the coronavirus will have long lasting effects on businesses and the global economy. This will totally change how we do business forever. Sure people will return to shopping in High Street shops but the proportion of retail shopping completed online will jump.
Furthermore consumers and business leaders will access more of their services online. More communication than ever will be arranged online. There will be less desire to travel for face to face meetings. Business leaders will become more used to online meetings and realise its better than wasting time travelling. More training will be arranged online. There will be many benefits including protecting environment saving money and saving the most valuable thing time.
Such enforced changes in business practices will usher in the 4th industrial revolution even faster
The 4th industrial revolution was accelerating before the coronavirus. COVID19 will turbo charge it.
Jobs will become obsolete even quicker
Opportunities to innovate will come faster
Technology will advance more rapidly
Minds will be more open to change
Consumers workers and business leaders will be hungry for something better than what we put up with precoronavirus
There will be a bigger demand for faster internet speeds including 5G and increased supply
Now that we have been forced to take time to think about everything differently what will you do differently to ride the 4th industrial revolution wave ahead of your competitors?
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The coronavirus COVID-19 may change the way we sell forever. More and more sales were going online anyway but now there are urgent reasons to increase the source of your online sales with BusinessRiskTV.com
Discover how to increase online sales fast. If you have not created an online presence to sell more jump online quickly with us. If you have an online presence but want to increase sources of new business income tap into our services to increase sales online.
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How to increase sales online fast
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Increase your confidence in your risk management capability with BusinessRiskTV.com
Build your business risk management capability and confidence. Boost your business performance. Understand your business risk profile to inform your business decision making process.
Not only can you improve your risk management capability but you can increase confidence in your risk management system.
Are you asking the right questions about the key threats to you business? Do you consistently look out for and review business opportunities for growth? If you do not have a risk management system in place your business decision making may be working but is it working well?
What is your appetite for risk? Is this reflected across the whole organisation. Your risk management culture should reflect the attitude to risk of its business leaders for a consistent approach that is less confusing or contradictory further down the organisation. If you are not all singing from same hymn sheet you are losing productivity. In addition you maybe taking too much risk or not enough risk to achieve your business objectives.
Everybody should be clear about their role in your risk management framework and risk assessment process. Lack of clarity produces gaps through which failure in your risk management system can squeeze!
Everyone should be rewarded based on achievement of risk management plan. If your risk management plan has been correctly drafted and embedded it will bring business success. Your risk management plan should be to achieve business objectives set with enterprise risk management methodology. A holistic approach to business decision will produce greater resilience and longer term sustainable success.
Understand that your risk assessment process has weaknesses. Peoples perceptions of risk can skew risk management actions inappropriately. This can result in the failure of your risk management system and business.
Enterprise risk management ERM creates a clear picture of where you are now and plans to get you to where you want to be. However everyone needs to engage in the process for it to work optimally. It is to be present in strategic operational and project risk management.
Build more confidence in your ability to implement a better risk management system
Risk management can help profitability enhance all stakeholder confidence and protect your brand and reputation. Create the environment for more effective business outcomes and greater profitability.
If you improve your confidence in your risk management system you can actually take more risks to achieve more in business.
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Increase your risk knowledge and business intelligence. Change your perspective of risks and risk management. Redefine what is acceptable risks without breaching your risk tolerance. If you are not confident in your risk management capability it is hard for the business and business leaders to perform well.
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Making the most of unexpected disasters. Make the most of disasters. No one asks for a disaster to hit their business but when one comes along look for the opportunities that come with it. If you do this as part of business continuity planning you can come out of the disaster quicker stronger and more resilient.
How to reduce uncertainty in business with BusinessRiskTV
Want to read watch videos and speak to experts who can help protect and grow your business through all types of business environment?
Our Knowledge Marketplace, Business Experts Hub and risk management experts:
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FEATURED EXAMPLE OF SURVIVING RISK EVENT – PANDEMIC
16th March 2020 Inspiration Healthcare Group Secures Massive Order To Supply Ventilators To NHS
Inspiration Healthcare secures its biggest ever order due to coronavirus pandemic and the coming lack of ventilators to treat the number of people expected to need such specialist equipment.
A disaster can be an opportunity to grow if you change your mindset.
BusinessRiskTV
Many businesses are not going to survive the coronavirus pandemic
One disaster in focus is the coronavirus pandemic. Many people do not realise how bad this is going to get. Countries like the UK and USA have yet to experience the full force of the COVID19 pandemic in terms of deaths. Our leaders are being very coy about the expected deaths and economic consequences. Both are going to be catastrophic. Families and economies are going to be decimated.
Guidelines For Covid-19 and Risk Management Controls Updates
However the current pandemic is just one example of how businesses must be prepared to work from major risk events. To come out the other side of a significant risk event takes prior planning luck and hard work. You can control two out of the three and hope that this makes your own luck!
To come out the other side of major risk event stronger includes being ready to seize new business opportunities as well as mitigate downside risk impact.
You may be able to bring forward future planning as result of risk event. If you have a major fire then do not just build what you had before. Bring forward better ways of working that you may have planned for 5 years time prior to risk event.
Take the coronavirus. Your business may discover that out of the bad there are better ways of working you did not have time to evaluate. Having been forced to introduce the new ways of working due to virus you may find you need to make permanent changes.
Ways of working introduced to try to survive coronavirus may be ways of working that are more cost effective in non crisis operations. Working from home is not a panacea but it does create many environmental social and economic benefits to workers and businesses.
Competitors how are not resilient as your business may not survive crisis. This may allow you to change pricing or provide opportunity to introduce new marketing campaign to mop up their customers.
You products or services may simply be more in demand after the crisis than before it. Attitudes of business buyers and consumers will change during and after the crisis. Your business maybe well positioned to take advantage of change of attitude to sell more and grow your business faster. Retailers with online presence are struggling to keep up with orders which may mean those without online ordering and deliver service are going to miss out now and will when coronavirus is more under control.
There is nothing morally bad about making the most of a bad situation. If you survive a crisis you have the right to explore a new way of working that will benefit both your business consumers and society.
Many great inventions or innovations have been introduced and transformed life and business due to mistakes. Some new drugs and products were discovered when the inventor or developer was trying to achieve something totally different from what transpired as brilliance.
Necessity is the mother of invention
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When forced into an existential situation it is human nature to fight to survive. There will always be risk events that threaten survival in business. Sometimes they risk event may be located on one business. On rare occasions a risk event threats whole business systems of working.
Around every 10 years business leaders should expect a financial crisis that threatens business survival. It is almost impossible to know how the financial crisis will arise. The cause of the risk event that creates the crisis is less important than the resilience to overcome the impact on your business.
Th last financial crisis was 2008. May countries in Europe have still not recovered from the 200 financial crisis never mind businesses. In some ways the financial crisis from the coronavirus is overdue. It is a couple of years late!
The point is that if you are in business for the long haul then you need to be prepared for at least one financial crisis every 10 years. In between you need to be ready for your own individual crisis’s that pop up just for your business.
Learning opportunities from a crisis
Major risk events are perhaps alarmingly more frequent than one expects. Rather than being overly alarmed maybe the best thing to do is learn from risk events. Take the good from the bad to improve future business performance.
Do not press the panic button
We can also learn from other businesses who make mistakes on our behalf! If they suffer find out what they did wrong learn from their mistakes and make sure your business does not suffer the same consequences.
More than that find out what lessons other business leaders have learned from their past mistakes or negative risk events
Sharing bad experiences allows the herd to be better protected! Sharing successes helps the herd to join in on the success for faster growth and speedier progress.
Power Of Collaboration In Business Development
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Identifying and managing business risks
How can a business identify risk and manage business resources to manage business risks better? Undertake risk profile analysis to inform your business decision making. Practical enterprise risk management ERM tips advice training and consultancy.
Many risk events are possible. However how do you manage your resources cost effectively to control risks whilst boosting business performance?
When beginning the risk management process identify risks that could impact on your business objectives. Look at the whole business at once rather than individual silos functions or departments.
Do not make assumptions at the beginning about the level of risk or effectiveness of risk control measures. Assume that what you currently do risk management wise will not work or not work well enough to control risks.
Consult experts within your business at all levels and experts outside of your business who may have an understanding of your risks. Focus your attention on key internal and external drivers of risk that may have significant impact on your business objectives.
Your business risk exposure needs to be right for your risk management culture. What is your appetite for risk? How much risk can your business tolerate? Getting the balance right is key for sustainable business success.
Reduce or eliminate threats as soon as they appear on the horizon. Seize new business opportunities before your competitors do. Anticipate and plan for future risks. React quickly to current or unexpected risk events.
Risk analysis and Holistic Enterprise Wide Risk Management Approach Will Improve Your Business Decision Making To Boost Business Performance
Manage risks better. Minimise the impact of risk on your business plans. Manage potential problems easier quicker and less expensively. Stop the undermining of key business initiatives or projects by risk events. Explore possible future threats.
Identify business opportunities for growth. Back the best ones to maximise return in investment of time and money. Boost the profit from the best new ideas. Manage opportunities for greater success better.
Create the right risk management framework and enterprise wide risk assessment process for your business
The source of your business risks can be wide and varied. Often they are specific to your business. Sometimes the affect just your industry or geographic location. Occasionally they affect most of the world like the financial crisis of 2008 or global pandemic like 2020.
The impact on your business maybe life giving like if your business is a deep cleaning business or face mask manufacturer in coronavirus outbreak. Or risk events can destroy your business and it may never recover. Your risk management assessment and approach to risk control needs to be tailored to your business.
Not all risks are bad and bad risk events can be good for your specific business in so many different ways. For example the coronavirus tragically will kill thousands of people. In addition many businesses will fail including many of your competitors. Out of the flames the phoenixes will rise. The challenge is to make sure your business and your people survive and prosper no matter what risks are thrown at your business.
Put your great ideas into action with more confidence. Continue to be optimistic about your future. The way your business could and perhaps should change forever not just to get through coronavirus. Learn the lessons from horrifically tragic risk events. Seize the opportunities coming from the 4th industrial revolution. Survive and prosper today tomorrow and then next day no matter what risks you face no matter where you do business and no matter what industry you are in.
Some risks hit you like a ton of bricks. Other risks are more subtle. They creep up on you. You do not know that you are at risk until it can be too late. Enterprise wide risk management means continuous tweaking and adjustment. What is right today may not work tomorrow. The key is to review what has happened but keep your eye on the horizon to ensure you are prepared. Whether you produce the risks internally or have external risks imposed upon your business know what to do when to do it and get to where you want to be regardless.
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Risk Appetite and Risk Tolerance
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