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Rethinking and Re-purposing Your Business During Uncertainty
Rethinking and Re-purposing Your Business During Uncertainty
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Do you fear losing what you have created instead of valuing what you might gain from taking more risk?

How to overcome loss aversion with BusinessRiskTV.com

Fear of loss often beats the desire to gain more. Fearing losing everything you have built is natural human reaction. However is your fear getting in the way of seizing new business opportunities? Keep innovating and growing with less uncertainty with BusinessRiskTV.

Develop a holistic risk management culture to drive your business forward. Up your risk appetite to achieve more with more controlled balanced risk taking.

Develop a more assured risk management framework and risk assessment process to match your risk culture. Make sure your risk taking remains within your risk tolerance.

Do you have loss aversion bias in decision making?

Business leaders who are loss averse feel the pain of loss much greater that any joy from any gains from decisions made. They make strategic business decisions accordingly. The risk culture of the business models the loss aversion bias of the business leader.

If this works well for your business you should continue with status quo. However if you would like to experience faster business growth you may need to take more calculated risks.

Loss aversion refers to the tendency to prefer avoiding losses to acquiring equivalent gains. It is better for you to not lose 10000 pounds than to make 10000 pounds in business. 

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However most entrepreneurs and many business leaders are in their position to better themselves. If you mitigate the potential losses from taking more risks and manage the risks to maximise the return on your investment you should end up with faster growth with less uncertainty.

It is more common in people who are not entrepreneurs or business leaders to be biased against taking risks. Loss aversion is a reflection of a general bias in human psychology. People tend to want to stick with what they know than make changes that might not work well. People in general are resistant to change. When presented with the potential benefits of change they focus more on what might be lost rather than on what can be gained.

  • What is your business risk tolerance? If you can make changes to try to grow faster that if do not work fall within your risk tolerance would you take more risk?
  • If you adopted small changes rather than one big radical all eggs in one basket change would you feel more comfortable? Spreading your faster business growth changes across a few new ideas may be better for your business. When you know which one of the new changes works best perhaps then you can focus on one new idea.
  • Do not confuse more risk taking in business with gambling. Taking calculated risks to grow faster is about assessing and then managing the risks before you action more risk taking. You can mitigate the threats from more risk as well as maximise the returns from taking more risks.

Few things in business life are guaranteed other than taxes! Even maintaining the status quo comes with the threat of business failure. Kodack photography business was once one of the most successful businesses in the world. How many Kodack films do you buy for your camera now!

The desire to avoid business losses is motivated by fear. The more a business leader fears losses the more likely he or she is to be loss averse and the more likely they are to be disinclined to make changes to their business to be more successful. Having a better understanding of the risks that could be taken to achieve more will make loss averse business leaders more comfortable with changing the the business.

Often the perception of risks and reward are skewed to the belief that you are doomed to fail which means you do not make changes to the business. By the same token it is important that all stakeholders in the business are involved in assessing risks from changes to business. Business leaders who do like taking risks can miss the pitfalls to mitigate against whilst making changes that can cause the change project fail even if it was a great idea.

With a little input and engagement from all levels of the organisation your project to grow faster is more likely to be a success. Take risks that are worth taking which are achievable with everyone onboard.

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Ways to drive new customers to your business with BusinessRiskTV

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Unique Ways To Increase Sales
Unique Ways To Increase Sales

Can you offer quality products or services for better value for money?

Are you hunting for new customers? Are you already offering discounts and incentives to attract new customers? Presumably you want as many people as possible to know? Spread the word with more cost effective marketing and advertising.

Partner with BusinessRiskTV to get your business noticed more by people interested in what you have to offer. Use quality marketing tools and techniques.

  • Take advantage of our online trade shows and virtual exhibitions to boost online sales.
  • Tap into our business intelligence to focus your advertising budget more profitably. Reach ready to buy customers. Create new leads or sell more online with our eCommerce solutions.
  • Contribute to our online magazines and blogs for your country or industry.
  • Use your expertise to connect with people who need answers to business problems.
  • Develop free business marketing opportunities with our social media accounts.
  • Issue Press Releases via the right marketing vehicle for your business.
  • Pick up marketing tips and boost your business.

Target new customers interested in your type of business. Drive customers to your business. Learn how to grow your business faster. Increase your customer reach.

Business Development Manager
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Promote your business online

Put your products or services in front of new customers in places they already view online with BusinessRiskTV.

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Discover innovative ways to grow your business online

How to grow online sales with BusinessRiskTV.com

Growing your business online with BusinessRiskTV. Learn how to grow a business online. Pick up how to grow business tips. Take advantage of free marketing tools.

Develop a more cost effective advertisers online strategy. Pick up practical tips to grow your business faster online.

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Diversify your income streams to make your business more profitable. Reach more new customers. Expand the audience viewing your products or services. Engage people online in your business brand.

Small business owners entrepreneurs and leaders of SMEs check out our innovative ways to grow your business faster. Do you want to grow your business without spending a lot of money.

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Better Business Performance With BusinessRiskTV
Better Business Performance With BusinessRiskTV

Find out how to expand a business online

Generate new business by growing your potential customer base. Find business mentors to help advise on your business expansion. Discover new ways to meet the demands of the savvy business leader or cost sensitive consumer. No need to spend lots of money to attract new customers online.

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BusinessRiskTV Discover innovative ways to grow your business online

How To Grow Your Business Online Presence and Grow Online Sales

Business marketing ideas and eCommerce solutions with BusinessRiskTV.com

Develop an innovative strategy to grow your business presence online. If you do not have a massive budget to grow your business online subscribe to BusinessRiskTV. Improve your online profile.

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Online Business Development Ideas

Our innovative internet marketing ideas can help grow your business faster online. No marketing experience is needed.

How To Grow Your Business Online Presence
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Put your business products or services in front of new people already interested in your type of business offering.

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

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Helping Small Businesses Grow Faster

How to grow a small business tips with BusinessRiskTV

Learning how to grow a small business into a large business is not easy. BusinessRiskTV offers how to grow business tips advice and support services. Network with business leaders and risk professionals to learn how to grow a business online faster.

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How To Grow A Company Successfully

What must you do today to grow your small business? Learn how to grow revenue and profit faster that your industry norm. Our experts work alongside SMEs to design and implement business growth plans.

Get Help To Grow Your Business
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Work with us to:

  • Increase revenue and profit
  • Improve employee productivity
  • Build long-term business sustainability regardless of risks

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Small Business Improvement Ideas

Strategies to improve business performance with BusinessRiskTV.com

Could you improve your business? Discover small business improvement ideas. Most businesses could improve. It can be be easier to work with other business leaders to improve your business.

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How To Improve Productivity in UK

How Do I Improve My Small Business

Making improvements to your small business is an ongoing process. We do not have a silver bullet to small business problems but we can help with some of the barriers to small business improvement barriers.

Access low cost ideas to boost your small business. Make better use of your existing resources to protect your business better and develop new growth ideas and opportunities. We have simple strategies to improve your business success rate.

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Find ways to improve your business

Learn new ways you can improve your business today. Can your business improve its competitiveness and profitability? We can help you get to the front of the queue. We don’t try to get people to buy products or services they do not need or want. We do help you to make the sale before your competitor does.

There are numerous steps you can take to improve your marketing approach. We have a few ideas to help you grow faster more profitably.

For advice and inspiration on how to start or grow your business subscribe to BusinessRiskTV Small Business Solutions via the form below.

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

Suggestions to improve company performance

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

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

  • Pick up tips and ideas for improving overall company performance with a risk based approach to business management.
  • We will help you find the best way to improve business efficiency and develop new ideas and opportunities for your business.
  • Access tips to help you improve your business performance today

Boost your small business performance with BusinessRiskTV.

Better Business Performance With BusinessRiskTV
Better Business Performance With BusinessRiskTV

BusinessRiskTV Small Business Improvement Ideas

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