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Identify evaluate and manage business risks better. Discover management of risks tools and techniques. Analyse evaluate and control internal and external risk factors. Tips and advice on the best ways for a business to manage risk impacting on business objectives.

Why is business risk management important? Protect and grow your business faster with less uncertainty impacting on business objectives.

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Identify and treat risks to your business better

For risk management to work best it needs to be holistic and integrated into normal business decision making. Increase senior managers and executives awareness of enterprise risks impacting on enterprise objectives to boost performance.

  • Explore your organisations opportunities for innovation and development
  • Capture competitive advantages you have in your marketplace
  • Increase sales more profitably

Treat your enterprise risks better. Avoid reduce transfer or accept risks more holistically more cost effectively.

Improve your risk assessment process to manage risks to you enterprise

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Enterprise risk management should not be a functional affair. It should help inspire and engage all levels of the organisation in managing business risks holistically.

Check out our upcoming online workshops on risk awareness including risk identification assessment and treatment.

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Managing all risks facing an enterprise is increasingly challenging. Get help from BusinessRiskTV. How do you currently increase risk awareness within your organisation.

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Develop your organisations effectiveness at managing enterprise risks. Improve all employees risk awareness. Reduce your enterprises vulnerability. Build business resilience. Open up new business development opportunities.

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Want to know more about the threats or opportunities within your industry?Need to develop your knowledge and skills at managing your industry risks? Find out more about industry risks management with BusinessRiskTV.

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Introducing the BusinessRiskTV Industry Risk Management Forum

BusinessRiskTV industry risk management forum enables members to contribute to BusinessRiskTV. Active members around the world contribute articles and videos to help grow their business faster with less uncertainty to help inform readers industry business risk management decision making.

  • Boost your sales more profitably
  • Increase your network of business contacts
  • Protect your business uncertainty negatively impacting on your business

If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to industry risk management forum today.

Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through

  1. business networking with key business decision makers locally and globally
  2. improved risk assessment via better business intelligence
  3. reduced cost of risk control via deals discounts and special offers

Build a more successful and sustainable business more easily with BusinessRiskTV Industry Risk Management Forum.

Industry Risk Factors

Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement

Join the BusinessRiskTV Industry Risk Management Forum and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.

The Forum is free to join. Then you choose whether you want to contribute to BusinessRiskTV to promote your own business and inform online readers. You pay an annual membership fee to regularly contribute to BusinessRiskTV and promote your business interests cost effectively.

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Key benefits of BusinessRiskTV Industry Risk Management Forum and reasons to join and contribute today

  1. Free to join. There is no cost to join the forum. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
  2. Free business intelligence to inform your decision making to build your business resilience. Forum members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
  3. Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
  4. Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
Industry Risk Factors

Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement

FAST GROWING LOCAL AND GLOBAL BUSINESS RISK MANAGEMENT CONNECTIONS

BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club members to tap into for business tips advice and support.

The BusinessRiskTV Industry Risk Management Forum is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.

BusinessRiskTV Industry Risk Management Forum is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.

Industry Risk Factors

Join BusinessRiskTV Industry Risk Management Forum entering code #IndustryRiskManagement

You are in control of your relationship with us

In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.

You are always in control of your subscription to BusinessRiskTV Industry Risk Management Forum. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.

We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.

Examples of business intelligence and business growth features on BusinessRiskTV

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Frequently Asked Questions FAQs

  • Is BusinessRiskTV Industry Risk Management Forum free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
  • Am I tied into the BusinessRiskTV Industry Risk Management Forum? It is free to join the forum. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
  • How long does membership last? 12 months renewable annually.
  • I do not know anything about online business marketing and development? That is one of the great strengths about being in the Industry Risk Management Forum. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers help protect and grow your business faster.
  • How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
  • How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
  • Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
  • My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
  • Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
  • What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
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Business Risk Management Club

Help to protect and grow your business

Discover the simple and affordable way to manage your business risks better

Manage business risks better by country by industry and by specific types of business risks. Join our business risk management club for free.

Introducing the BusinessRiskTV Business Risk Club

BusinessRiskTV business risk management active members club enables members to contribute to BusinessRiskTV for free. Active members around the world contribute articles and videos to help grow their business faster with less uncertainty to help inform readers business risk management decision making.

  • Boost your sales more profitably
  • Increase your network of business contacts
  • Protect your business uncertainty negatively impacting on your business

If you want an innovative flexible way to grow your business faster and build business resilience join and contribute to BusinessRiskTV Club today.

Members of the BusinessRiskTV business risk management club collaborate to reduce corporate threats and increase business growth opportunities through

  1. business networking with key business decision makers locally and globally
  2. improved risk assessment via better business intelligence
  3. reduced cost of risk control via deals discounts and special offers

Build a more successful and sustainable business more easily with BusinessRiskTV.

Join Buisness Risk Management Club Free

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Join the BusinessRiskTV Business Risk Club and receive FREE business risk alerts bulletins and latest business risk news to stay ahead of your competition.

The Club is free to join. Then you choose whether you want to contribute to BusinessRiskTV to promote your own business and inform online readers. You pay an annual membership fee to regularly contribute to BusinessRiskTV and promote your business interests cost effectively.

Key benefits of BusinessRiskTV Risk Club and reasons to join and contribute today

  1. Free to join. There is no cost to join the club. Once you join you also have the option of contributing to BusinessRiskTV to better market promote and advertise your business. In addition you will have increased access to discussions workshops and executive training to better protect your business. You are in control of what to do next after you join the club for free.
  2. Free business intelligence to inform your decision making to build your business resilience. Club members receive free news alerts and bulletins. Our risk watch service scans the horizon for emerging risks and analyses business risk trends. You can attend online discussions workshops and executive training sessions.
  3. Safe and secure. All payments are made through Paypal an independent third party online payment service which stops us receiving full details of your banking or payment details so you are protected by Paypals security systems.
  4. Build your online profile and connections to grow your business faster. BusinessRiskTV has an impressive online profile to connect you with local and global business risk management experts and new sales for your business.
Join BusinessRiskTV Business Risk Management Club

Join BusinessRiskTV Business Risk Management Club enter code #RiskClub

Fast Growing Local and Global Business Risk Management Connections

BusinessRiskTV has already built up an impressive bank of like minded business leaders and business risk management consultants for club meMbers to tap into for business tips advice and support.

The BusinessRiskTV Club is carefully expanding its reach to help business leaders to better protect and grow their own businesses and careers.

BusinessRiskTV Club is NOT just a talking shop. It is a business growth hub to practically accelerate members revenue streams. It is business accelerator where everyone has the same interest in seeing the businesses build resilience regardless of economic environment.

Join BusinessRiskTV Business Risk Management Club

Join BusinessRiskTV Business Risk Management Club enter code #RiskClub

Founder of BusinessRiskTV Risk Management Club

Read Keith Lewis Testimonials as to the quality of his work. This gives some background as to the quality of the business risk management business intelligence being gathered and distributed.

Join BusinessRiskTV Business Risk Management Club

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You are in control of your relationship with us

In addition to controlling your own business risks better you are in total control of how you use BusinessRiskTV and how much you want to contribute to it to increase your own business growth.

You are always in control of your subscription to BusinessRiskTV club. You can choose to remain on the free membership and still receive free business intelligence and risk knowledge. Or you can regularly contribute to the content and thus increase your own business profile and business growth.

We are in it for the long term and look forward to working with members for sustainable mutual benefit. If you want to stop your membership you can at any time. We are looking forward to you working with us to help your business grow faster.

Hands Free Business Growth and Development Of Your Business

One of the great strengths of the BusinessRiskTV business risk management club is that members do not need to know how to market their business online. You can simply email us the message you want to promote and we can connect you with more new potential customers or other business leaders.

You can read business risk management articles or watch videos for free including business risk management expert opinions and analysis to inform your own business decision making process.

After you join the club you can just use it as a simple way to be kept up to date on emerging and developing corporate risks impacting on your business objectives.

Sit back and receive email alerts to important business risk intelligence to develop your risk management knowledge. Alter your business risk management plan accordingly based on expert risk analysis. Alerts bulletins and news have the potential to build your business resilience and business growth.

Join BusinessRiskTV Business Risk Management Club

Join BusinessRiskTV Business Risk Management Club enter code #RiskClub

Boost Your Business Growth

BusinessRiskTV Club could be very profitable for your business if you contribute to the content and connect to your business. There are no guarantees of returns but membership of the club expands your options for greater business success and business resilience. There will be failures. That is the nature of business marketing and development. However you will get access to innovative flexible ways to grow and protect your business better. We will minimise the cost of uncertainty impacting on your business objectives over time. At the same time we will increase the chances of become a market leader in your industry and country.

Join BusinessRiskTV Business Risk Management Club

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Frequently Asked Questions FAQs

  • Is BusinessRiskTV Club free to join and how does BusinessRiskTV make money? It is free to join now to receive free alerts bulletins and business risk news. If you want to contribute to BusinessRiskTV by becoming a Member you pay an annual fee. BusinessRiskTV also accepts donations to support free independent business risk management news broadcasting and business risk management research. In addition businesses pay us one off fees to promote market and advertise their business products and services.
  • Am I tied into the BusinessRiskTV Club? It is free to join club. If you want to contribute to BusinessRiskTV there is a membership fee. You are free to leave the club at anytime. You will not be entitled to a refund of the annual membership fee but will not be tied to renew your membership.
  • How long does membership last? 12 months renewable annually.
  • I do not know anything about online business marketing and development? That is one of the great strengths about being in the Business Risk Management Club. You simply join now and then we will email you to find out what you need to do to grow your business faster. We will then go away and start your marketing and promotion campaign. We will design post and update your contributions to promote your business. Our team of enterprise risk experts and business risk advisers to help protect and grow your business faster.
  • How fast will my business grow? It is impossible to say. It depends on how well we can work together to get the most from your existing business development tools and initiatives. The potential is there for massive gains but the value of your membership fee could be worthless if we fail to work well together. That is why our members should always diversify our marketing options to maximise the likelihood of increasing sales. We will guide you on the diversification options based on our discussions on what you offer and when. You are not putting all your business development eggs in one basket but the affordable membership fee expands the likelihood of your business growing faster.
  • How often can my business contribute to BusinessRiskTV? Contribution levels is based on hours it takes to produce and publish each contribution. You will be buying 56 hours of work to produce and publish your contributions each year.
  • Does my business need to contribute regularly to BusinessRiskTV? No. The more you contribute the more you promote your own business interests and increase the chances of faster business growth.
  • My business marketplace is not in UK so can I still join and contribute to BusinessRiskTV? YES! The Club is open to any business selling legal and morally acceptable products and services. Legal is legal but morally acceptable comes down to our own opinion as to what is morally acceptable. Areas include Europe USA Canada Latin America Australia and Asia Pacific.
  • Is paying my membership fee safe? Yes. Your membership fee will be paid via Paypal a global independent payment provider who have their own safe and secure payment systems. We will never see your full payment details as these are retained by Paypal who will transfer your membership fee to our Paypal account.
  • What is the annual membership fee? This will vary depending on how many members we have. As the number of members increase so will the annual membership fee so get in quick to keep your membership fee low!
Join BusinessRiskTV Business Risk Management Club

Join BusinessRiskTV Business Risk Management Club enter code #RiskClub

BusinessRiskTV Business Risk Management Club

Citizen Journalism Articles and Videos

Have your say and give us your ideas on business economy and lifestyle for publication on BusinessRiskTV.com

How do you become a citizen journalist? Read citizen journalism articles.

Play an active role in news gathering opinion forming and risk reviews. Read business risk management articles and view videos from BusinessRiskTV Citizen Journalist. Inform your business decision making by listening to people at the sharp end of the global and local business and economy. What are top business leaders in UK and around the world saying and thinking? Our network of business risk experts and business leaders offer their view of the worlds threats and opportunities.

Journalism is printing what someone else does not wanted printed; everything is is public relations

George Orwell

Subscribe to BusinessRiskTV Citizen Journalism for free alerts bulletins and reviews

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Become one of our citizen journalists

Take control of the news on the streets online. Play your part in the process of collectible reporting analysing and disseminating news and information locally and globally.

Breaking Business News and Business Risk Management Features

BusinessRiskTV Top Business News

Looking for ordinary members of the public to report news events and business leaders or risk experts to help inform our readership

Use your own equipment social media accounts and ideas. Spread the latest information real news and own insight. Report the facts your opinions and your conclusions independent of traditional news outlets.

Use a range of digital media to present a new style of journalism online. Take an active role in creating the news and critiquing local and world events. Seize the opportunity as an amateur journalist to spread the word.

Do you have an interesting business story? Do you have an opinion on your local or global economy? Want to discuss or debate a pressing enterprise risk problem? Have a Press Release you want to spread further? Join our online business enterprise risk management community for free. Send your pictures or video to editor@businessrisktv.com 

Please include a contact number if you are willing to speak to a BusinessRiskTV video journalist.

Get the latest news opinions and reviews for Free. Join for free today as a member or subscriber

Breaking news stories and features updated and published here. Come back for more news opinions debates and business reviews. You can receive breaking news reports and features on your smartphone tablet pc or TV. You can also follow @ERMuk on Twitter to get the latest news views and reviews.

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Risk Management Specialists

Access latest enterprise risk management insight and business intelligence

Help from country risk experts and industry risk experts. Solve your business problems faster. Boost performance. Protect business better. Grow faster.

Enter code #RiskExperts

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International Risk Specialists
Subscribe to BusinessRiskTV.com for free enter code #InternationalRiskSpecialists

Develop your risk knowledge and business intelligence

Access expert guidance to identify analyse assess and manage risks. Whatever size of business wherever you are whatever industry

  1. Learn how to manage your business risks better
  2. Identify if you have an effective risk management framework culture or process
  3. Reduce the total cost of risk
  4. Increase new business opportunities
  5. Maximise return on your investment of time and money

Identify risk improvements necessary. Develop your skills and the risk management skills of workforce. Review where you are now. Receive recommendations for corporate risk improvements. Our risk management experts can help guide your business decisions.

Manage the issues facing your business better. Gain enterprise risk insight to understand threats and opportunities.

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Assessing the local impact of global risk events

Keep up to date with latest global risks that could impact on your business objectives with BusinessRiskTV

How can business leaders inform knowledge about global risk events that could impact on business decision-making?

Register for business risk management reports and risk management newsletter. Want to understand how risk could impact on your business? Get the latest business risk management reports and risk analysis reviews from BusinessRiskTV.

BusinessRiskTV Global Risk Report

Understanding global risks is important for all business leaders. Identifying and assessing the global risks is not a once a year task.

  1. Existing risks will morph into bigger risks to your business
  2. Small smaller risks will combine to create an aggregate risk that could even threaten the survival of your business.
  3. Emerging risks not obvious at the time of the report, could subside and just be accepted or they could gather momentum and threaten business objectives.

In addition the risks that could threaten some businesses could present an opportunity for your business to grow faster but if you miss the start of the opportunity you could miss the boat entirely or fail to maximise the potential rewards from the opportunity.

Unlike other less dynamic reporting systems companies or entitys BusinessRiskTV will provide you with regular risk reports to help you manage enterprise risks more proactively to mitigate threats to your business better and seize new business development opportunities earlier.

In short, BusinessRiskTV is less about looking back and offering expert risk reports with hindsight and more about looking forward with more dynamic forecasts backed up with practical risk management solutions for both the upside and downside aspects to global risks as it affects your business wherever you are in the world.

Filtering the global risks noise for your business

BusinessRiskTT will reduce the effort required to identify what your business needs to do next after assessing the magnitude of the risk to your country or industry in easy to understand language.

  • Take proportionate action to mitigate threats to your business
  • Evaluate and act on potential opportunities
  • Better protection faster growth in 2018

Subscribe to BusinessRiskTV Global Risk Report Service today and enter code #GLOBALRISKREPORTSUBSCRIPTION.

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How do you assess risks in business?

Free Global Risks Reports BusinessRiskTV
Global risk insight and business intelligence BusinessRiskTV

Global Risk Events, Risk News and Economic Opinions

10 August 2022 – Global economic growth will slow to 3.2% this year from 6.1% in 2021, the IMF predicts.

BusinessRiskTV Global Risk Report

Most Important Things To Know In Business Are What Are Your Biggest Problems Impacting On Business Objectives

Understand what your key threats and opportunities really are with BusinessRiskTV

Take The Courage To Embrace Potential Failure Of Business

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

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

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

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

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

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

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

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

Then take action to reduce the risk of failure

What is achievable in your business?

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

Understand Key Threats And Opportunities

Use risk management experts to help you make right choices

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

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

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

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

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

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What are your biggest business problems

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

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

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

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

This could be a pivotal moment for your business

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

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Small Business Financial Mistakes

Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them

Small business owners often make financial mistakes that can have serious consequences for the success of their company. Here are some of the most common financial mistakes made by small business owners, and advice on how to prevent them:

  1. Not keeping accurate financial records: Without accurate financial records, it can be difficult for small business owners to make informed decisions about the financial health of their company. To prevent this mistake, small business owners should establish a system for keeping accurate financial records, such as using accounting software or hiring a bookkeeper.
  2. Not having a budget: A budget is an essential tool for small business owners, as it helps them to plan for expenses and manage cash flow. Without a budget, small business owners may overspend and find themselves in financial trouble. To prevent this mistake, small business owners should create a budget and stick to it.
  3. Not having enough working capital: Working capital is the amount of money a business has available to cover its short-term expenses. Without enough working capital, small business owners may struggle to pay bills and meet other financial obligations. To prevent this mistake, small business owners should maintain a healthy level of working capital by managing expenses and seeking financing when necessary.
  4. Not having adequate insurance: Insurance is an important tool for small business owners, as it helps protect their company against potential financial losses. Without adequate insurance, small business owners may find themselves facing financial ruin in the event of a disaster or other unexpected event. To prevent this mistake, small business owners should review their insurance needs and purchase the appropriate policies.
  5. Not diversifying investments: Small business owners often invest a significant portion of their assets in their own company, which can be risky. To prevent this mistake, small business owners should diversify their investments to spread risk.
  6. Not seeking professional advice: Small business owners often make financial decisions without seeking the advice of a professional. This can lead to costly mistakes. To prevent this mistake, small business owners should seek the advice of a financial advisor or accountant before making important financial decisions.

By avoiding these common financial mistakes, small business owners can increase the chances of success for their company.

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Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them

More small business risk management articles and videos

  • Avoiding Financial Pitfalls: Top Mistakes Small Business Owners Make and How to Prevent Them
  • Safeguarding Your Business: Common Financial Mistakes Small Business Owners Make and How to Avoid Them
  • Steering Clear of Financial Disaster: A Guide for Small Business Owners on Common Mistakes and Prevention Strategies
  • Financial Survival for Small Business Owners: Common Mistakes to Avoid and How to Protect Your Business

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

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

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Put your questions to our risk experts in live online QandA sessions for business leaders in UK who are members of BusinessRiskTV Small Business Network. Go direct for free to tens of thousands of business risk experts from around the world or tie-up online from your mobile device or PC with BusinessRiskTV.

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

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What Is Risk Management?

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What is risk management in a business context?

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

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

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

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

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

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

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

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

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ISO 31000 Risk Management

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

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

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

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

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

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Research the best business management solutions for your business. Develop an effective enterprise risk management ERM plan and strategy for greater business success. Integrate enterprise risk management principles and practices to grow your business faster with less uncertainty.

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Ask business management experts to help remove your uncertainty and improve your business performance. We support the aim of Risk Management Online to promote the use of enterprise risk management ERM to better protect and grow businesses wherever they want to operate in the world

We collaborate with Risk Management Online members on specific projects for mutual benefit of the participating project leaders. Finding a better way to do business is the overriding aim.

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Do you think your business could do better than it presently does or is likely to do in the near future?

Most businesses could do better. Small and medium sized businesses SMEs need to be more innovative than large corporate entities if they are to grow to compete with the big boys one day!

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Get in touch. At the very least, we can point you in the direction of the free Risk Management Online group with more than 27000 members. There you can ask for help and solve some business problems for free. Alternatively you could join BusinessRiskTV and its business partners who seek to creatively collaborate on new business solutions on specific projects.

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