Things will be better tomorrow

Tackling tomorrow today with BusinessRiskTV.com

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.

  • Listen to risk management experts on country risks industry risks or whole world business solutions.
  • Ask questions to find answers to your business problems.
  • Find business leaders to collaborate with on business development.

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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There is always trouble ahead for business leaders

Finding a better way to manage business challenges with BusinessRiskTV.com

And there are always opportunities to grow a business faster too. There are always leadership challenges regardless of era in business. Improve management of the biggest issues facing the business world today.

Inspiring Leadership To Strive To Achieve More In Business

Learn how to overcome leadership challenges. Being a successful business leader means there will always be challenges. The business problems will change but it is naive to thing that your challenges are more difficult than the challenges other leaders have overcome in the past.

Under the radar for many business leaders is the 4th industrial revolution. This new decade will see threats to the survival of some traditional businesses and opportunities to develop new income.

Many thing the coronavirus is a short term problem we need to get to grip with. However the coronavirus outbreak will kill people interrupt business activity and reduce global business growth for the whole of 2020 and much of 2021. However the coronavirus will also drive new ways of working that will last after the virus has been brought under control.

In the UK the biggest issues combined that impact on future business success is poor productivity and lack of skills. UK business leader must invest in capital assets including automation or machinery as well as people. Workers in the UK need dramatic upskilling. There has been a distinct lack of investment over the last decade that needs redressing over the next decade. Instead of whinging about lack of immigration UK business leaders need to be more innovative and invest in engaging existing workforce more.

We can achieve so much more than we are currently doing. There is a significant lack of investment in innovation and new ideas to overcome business challenges. Perhaps it is a hangover from the slow recovery from the 2008 financial crisis. Business leaders have thought about survival for so long that it has suppressed a more creative and innovative business world.

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We need to change our business thinking. Invest in innovative thought processes to discover new ways of overcoming business problems in front of us.

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There is always trouble ahead for business leaders BusinessRiskTV

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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Get ready for the 4th industrial revolution with BusinessRiskTV.com

Harness the full innovative power of your business. Create a better future with your existing resources. Focus your assets on the opportunities offering the greatest return.

Innovate or wither and die?

Is your business in zombie mode? Is it ticking along but with a little inspiration could be zooming along! Businesses which do not innovate could wither and die in the changes which are already in motion.

If you think the decade has been changing rapidly fasten your seat belt for the next decade! Even the best businesses growing healthily are going to be subject to existential choices.

Take banking industry for example. There is absolutely no reason you will not be banking online with Facebook Google or Amazon instead of Lloyds Barcalys or HSBC.

There are already internet only or app only banking businesses thriving in the UK. They do not have the costs of bank branch network. Fewer employees delivering what especially the younger generation want online. These apps will eventually sell car insurance house insurance mortgages credit cards et al that traditional banks offer. Why could Facebook Google or Amazon not do the same with their astronomical piles of cash. Yes I mean cash as they do not need to borrow money to lend money to you which will make them even more profitable should they start their banking arm of the business in UK.

4th Industrial Revolution Latest News Commentary and Risk Review
Fourth Industrial Revolution Latest News Commentary and Risk Review

If traditional banking industry could fail to survive in future why do you think your business is safe?

Is it not a little arrogant to think your great business is going to survive the coming changes? If the UK ever gets up to speed with 5g which clearly it eventually will then another building block will be in place that will destroy many traditional businesses.

5G is both an opportunity and existential threat to many traditional businesses. Just because what you have done works for your business model does not mean it will work well in future.

are you really getting the most out of your solid business assets?

Even if you have a great business now are you sure it is operating productively? The greatest killer of UK economic growth is poor productivity. The UK does not perform any way near as productively as its developed competitors in the global marketplace.

Could your business grow faster if it took the slack from poor productivity out?

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Identify potential risk events that could be damaging and develop strategies to mitigate them

BusinessRiskTV Risk Management Process

Do not panic! Think about and implement new strategies to reduce negative risks to your business. Be better prepared for downside risks. Discover fresh ideas to tackle risk management challenges.

Risk events can destroy a business strategy. Best laid plans … Managing business risks is crucial to maximise business performance. How do you identify and mitigate strategic operational and project risks?

How To Manage Risk In Business

Analyse the risk so you can decide on its importance in relation to your business objectives.

Prioritise your available business resources to tackle the key business risks for the best return on your risk management time and money.

Assign responsibility for each key risk to your senior management team members. If no one is going to be held account for failure to manage key risks then there will be insufficient consideration of the risk.

Monitor and review your key business risks and effectiveness of associated risk management measures. If the net risk rises then you may need to make changes to you risk management plan. If the net risk reduces you may assign less management time to controlling it but still allocate responsibility for controlling the risk to a key senior management team member.

Risk Identification

Identify potential problems that could cause your business trouble. The business risk can be an event or it can be a condition like changing business environment.

Risk Mitigation

Design a risk mitigation plan eliminate or minimise the impact of the risk on your business objectives. After evaluating the risk pick a risk mitigation strategy that avoids reduces or transfers the risk. Alternatively accept the risk as part and parcel of achieving business objectives.

Select and commit business resources required for specific risk mitigation strategies.

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Seek out guidance on how to identify the risks your business may face. Understand how to respond to risk events. Put new risk management systems in place to deal with the risks cost effectively.

Learn how to develop a risk management plan to protect your business. Find ways to minimise business risks with a new risk management strategy and approach for managing.

Reduce not only the likelihood of an event occurring but also the potential impact. Make sure you also consider the opportunities to grow your business when determining how best to manage risks.

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Work with BusinessRiskTV to identify alternative risk mitigation strategies methods tools and techniques for each key risk. Get risk management advice on how to control and minimise negative effects of key risks from network of risk management experts.

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Your guide to strategic risk management

Practical guidance on strategic risk management with BusinessRiskTV.com

Interested in managing strategic risk better? Tips advice and practical guidance on strategic risk management. Discover how to manage strategic risks better. Inform your strategic risk management thinking.

Define your corporate risk tolerance and appetite for risk levels to inform your strategic decision making.

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What could probably go wrong for your business in next decade

Problems we will face in future assessed with BusinessRiskTV.com

Working on productivity and profitability for stronger decade ahead. Control the destiny of your business. Change the way you manage business risks to boost business performance and build business resilience.

Help your business grow faster instead of fearing survival

What business risks will your business face over the coming 10 years. How will the 4th industrial revolution impact on your business. How well prepared are you? What things will change in the future.

4th Industrial Revolution Latest News Commentary and Risk Review
Fourth Industrial Revolution Latest News Commentary and Risk Review

Preparing for a better future

Develop your risk management systems. Improve governance and compliance. Build stronger business resilience. Increase turnover more profitably.

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Implementing wellbeing and mindfulness into business strategy

How to implement mindfulness in the workplace in a strategy to grow your business more sustainably with BusinessRiskTV.com

Mindfulness works at work. Workplace wellbeing initiatives can be productively embedded in every business to support business objectives. A mindfulness and wellbeing strategy can deliver real financial benefits to the business.

Tips on how to implement mindfulness at your workplace

Engage all employees in the enterprise risk management process. By being part of the solution employees can see how their input protects the business better and grows it faster. A healthy looked after workforce is a more committed workforce working towards business goals.

Bringing mindfulness training into your wellness and and wellbeing programme will help solve or improve health issues such as high stress levels or high rates of mental health related absence. Many more days are lost at work due to poor health than accidents. Stress in the workplace is one of the biggest contributors to poor mental health.

Investment in mindfulness and wellbeing can benefit both the company and employees

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What to do differently to increase revenue or reduce costs?

Ways to improve income and reduce costs with BusinessRiskTV.com

Discover how to reduce cost and increase profit. Learn how to increase revenue. Adopt cost cutting measures in your business.

Are your sales up but profits are down?

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Increase potential new customers online. We can provide new income streams. You deliver your products or services direct to your new customers. Use more cost effective innovative ways to reach new customers that also increase your profit not just your income. Add on a new revenue development strategy with our help and support.

Identify all your business costs and expenses. Use our network of business leaders to find more competitive pricing. Lower your marketing costs with BusinessRiskTV. More carefully manage your business costs to boost profit.

Look for new business opportunities in collaboration with our growing network of business leaders. Put your products or services in front of new potential customers. Develop your business with more profit not just more sales.

Increase your business productivity with BusinessRiskTV. Bolt on our service to your existing sales process to increase revenue without significantly increasing costs. Connect to people who want to be marketed to differently.

Increase the profitability of your business.

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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.

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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The longer the string the higher the kite will fly

What makes a business sustainable and profitable with BusinessRiskTV.com

Good things come to business leaders who build a resilient sustainable business. A business strategy which seeks immediate payback money may not reap returns the business idea deserves. It may not be the best idea to seek an immediate return on your investment of time and money. A longer term plan that does not demand instant results will be more stable more achievable and more flexible to take account of internal and external risk factors. It is more likely to bring greater success.

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Strategic operational and project business planning for sustainable long term business growth

Starting from a stable more predictable base and then consistently scanning the horizon for risks impacting on business objectives is a surer way to achieve business success.

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Join our online risk management webinars and collaborative discussion groups to discover new ways to grow your business faster with less uncertainty

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Strategies For Innovative Thinking

Creative and innovative thinking with BusinessRiskTV.com

Develop innovative thinking skills and process for your business. Find new and innovative ideas to help your business grow faster.Learn about strategies to help develop innovative thinking.

Develop a more innovative business to create a competitive advantage

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Creative thinking for practical benefits will help your business grow faster. Learn techniques for generating new ideas. Connect with top business leaders around the world to help you.

Identify and seize new business opportunities.

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We need to invest money in old ideas and new

Do you want to invest in your business future today

Our future is here. We need to invest hard cash into the money innovative ideas that are just seedlings. In addition we need to invest money on old ideas that have legs but no backers. There are enormous opportunities for business and economic growth. Trouble is that we are still trying to make the obsolete ideas work for us now.

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Global manufacturing has hit the buffers. There has been a rapid contraction of global manufacturing output largely due to global trade war between China and USA as well as Brexit uncertainty. Manufacturers have cut back on production and are making workers redundant.

Some parts of the world like USA Germany and UK have low unemployment levels and could cope with job losses but most of Europe cannot. Europe ha snot recovered the jobs lost in the last financial crisis.

Even in America USA manufacturers are suffering. Who is winning the trade war is unclear but it seems that there are two losers rather than one winner.

In the UK and broader European manufacturing marketplace manufacturers are suffering the double whammy of global slowdown and Brexit uncertainty. There could be two losers here too if they politicians do not agree a deal.

The world is seeing low levels of business activity not witnessed since the last recession in 2008 caused factories to shut up shop.

The global and UK manufacturing marketplaces are grinding to a halt. The solution is not to button down the hatches to weather the growing global economic storm. The solution is to invest in real opportunities for business growth we already have before us.

Businesses say that their biggest fear is of governments overspending. Borrowing to cover day to day expenses is the start of a slippery slope to perpetual poverty. UK governments borrowing to invest in infrastructure will support businesses to grow faster.

It is ridiculous that all parts of the UK do not have superfast broadband. So many opportunities could open up if this simple technology was available to all entrepreneurs.

Instead the world is shutting up shop. There is no shortage of great ideas. There is a shortage of money being invested in our future today.

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Take Back Control Of Your Future Business Success

Learn how to regain control of your business risks with BusinessRiskTV

Whether you accept avoid transfer mitigate risks or exploit risk opportunities is not straight forward. Find new ways to improve the culture of risk management to boost business performance. Increase your business success.

  • How do you manage risks?
  • How can your management of risks be improved?
  • What risks should you take and which should you not tolerate?

Understand the risk management process better. Discover the best risk management practices. Improve your risk management with better risk management solutions.

Manage Risks Better

Sometimes we have to accept the risks our businesses face to achieve our goals. Taking no action to control the risks does not mean you have not managed the risk. It means you have identified and assessed it and proactively choose to accept it as the risk is within your risk tolerance and appetite for risk.

The other extreme is that you avoid the risk identified. The risk is beyond your risk tolerance and appetite for risk to pursuance of your business objectives.

Developing a balanced risk management action plan is not easy but it should be simple to work well.

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Taking the right steps to manage risks will boost your business performance with less uncertainty.

  • Build your business resilience
  • Create more value
  • Advance your risk management capability

There is always room for improvement. Better risk management will mean your business is better prepared for the future. Improve performance regardless of business environment.

Whether you are trying to do something new or just want to find new ways to manage existing risks join our 360 Business Club.

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Learn how to increase brand awareness online. Reach more of your target audience for less. Build your brand faster for less. Start engaging more with potential new customers.

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Develop enterprise wide risk management strategy and risk management framework BusinessRiskTV Enterprise Risk Management Framework Tips Advice and Support

Grow your business today with less uncertainty with BusinessRiskTV

Drive the identification reporting and cost effective management of all risks across the enterprise. Learn how to create an efficient risk management framework. See our enterprise risk management solutions for your business problems.

Develop a structured approach to enterprise risk management ERM. Use enterprise wide risk management to identify assess and manage all significant business risks.

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Upgrade your risk management governance and compliance framework and practices. More effectively implement an enterprise wide risk based approach to strategic operational and project risks.

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Strategic risk decision making in financial services industry is not complicated but it is complex. Reduce the complexity to what matters to your business in the financial services sector.

  • Become more efficient and productive
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Failing to be innovative and creative in the financial services sector may place your business at a competitive disadvantage. However innovation and creativity brings added risk. Is that added risk with it? Enterprise risk management ERM approach will help you decide.

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Regulatory compliance increased investor engagement and expectations and increasingly volatile geopolitical risks makes investing for the future and management of investment risks harder

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The future of financial services industry risk management is also changing with artificial intelligence divergent regulatory controls and splintering risk culture ambitions driving changes in practice.

Keep up to date with best risk management tools and techniques to improve your business decision making. The financial financial crisis is beginning. We just do not know where it started and what we are doing wrong. However being prepared for the next financial crisis should be part of a holistic enterprise risk management approach.

Chances are that fintech will play a role in the next financial crisis. Technology risks are a key risk factor for business growth and disaster for financial services companies in particular.

Lack of need to control risks will also play a role in the next financial crisis. The financial services industry has found it near impossible to manage its own risks without regulatory control. Dissipation in regulatory control will precipitate the financial services industry lunging over the cliff.

The fact that the financial services sector has still not recovered from the last financial crisis is another reason that another financial crisis will occur. Italian Chinese and Indian banks are in particular bursting at the seems with near unmanageable debt levels. Add to that boiling frothing pot of junk political instability in Europe Asia and Americas then you have a perfect storm waiting to be unleashed.

Should we withdraw from business or investing? Of course not. It has always been thus. It has always been about the survival of the fittest. However what has changed is that there is increased realisation that the fittest are those businesses and investors who invest in socially responsible investing. Environmental social and governance risk factors are at play. The strongest are the ones who embrace this philosophy.

A holistic enterprise risk management approach to business management and investing is the future. If you are waiting to look back and acknowledge that with hindsight you will be one who suffers most from the next financial crisis. You may not survive the long term. If you are not looking to the long term then good luck to you. You might get lucky. If you are looking for long term sustainability get on the holistic enterprise risk management boat today. Create long term value through enterprise risk management today not tomorrow.

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3rd July 2019 Number Of Cyber Incidents Reported By UKs Financial Sector Jumps

According to the Financial Conduct Authority FCA there has been jump in the number of cyber incidents reported by the UK’s financial sector.

Under the EUs General Data Protection Regulation GDPR financial sector businesses must report certain types of security breaches.

Many financial industry businesses are still trying to get the basics right on cyber risk management.

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Learn how to calculate risk tolerance and risk appetite with BusinessRiskTV

Managing your risk appetite and risk tolerance better. What level and nature of risk are you able and prepared to take to achieve your business objectives. Define the appetite for each type of risk to deliver your strategic objectives.

Determine achievable strategic business objectives deliver them operationally and complete better project outcomes

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Set the priorities right for your business risk management culture. Develop and deliver your risk appetite.

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Connect Airways Flybe BusinessRiskTV Business Collaboration Ideas

Could the consortium made up of the likes of Virgin Atlantic and Stobart Group become the example of better business collaboration? If it does not then they have missed a trick to disrupt the aviation and transportation industries.

What an excellent business opportunity to drive business to the business units that make up the whole?

  • Virgin Atlantic long haul specialists
  • Short haul aviation business which has fallen on hard times due to short term financial issues but should not be terminal
  • Energy aviation and rail business

They could all collaborate to drive new business to each other to create faster more profitable business growth

Flybe is being bought by a consortium including Virgin Atlantic and Stobart Group. Inadequate business development at the old Flybe a weaker pound and higher fuel costs all led to the near extinction of Flybe. Flybe shareholders will receive 1p a share and the new consortium saving Flybe from extinction will invest 100 million pounds in the new project. It will operate under the Virgin Atlantic brand.

The consortium saving Flybe is called Connect Airways. Flybe describes itself as Europes largest regional airline.

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Collaborative working is the future for sustainable business growth

Just three examples where collaborative business working could produce so much more with little increased risk assets or investment. In other words some traditional business leaders lack of creativity and innovative thinking is restricting the profitability of their business.

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Embrace the unexpected and make the best of it with BusinessRiskTV

Embracing business risks to achieve more in business with BusinessRiskTV.com

Being in business can be tough. Strong businesses develop a positive risk management thinking strategy. Find the best in any business environment.

Stop looking for things and people to blame for your poor business performance. Research the risks impacting upon your business objectives. Lessen uncertainty. Create positive change in your business.

Learn how to allow and plan for the unexpected. Embrace all risks in business.

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Proactive Risk Based Approach To Business Management

Proactively develop your own risk awareness impacting on your business objectives. Embrace the changing business environment and internal risk factors. Get really good at manage enterprise risks to set clearer path to success.

  • Take control of your future.
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Strong businesses adopt a proactive risk management approach with clear risk management strategy for success. Develop a more stable business with better relationships with all business stakeholders. Be prepared to take on best business opportunities.

What do you want your business to achieve and what are you doing to make sure you are successful?

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What risks are you controlling? What enterprise risks should you not control? Manage the risks you can realistically influence the likelihood of and impact on business objectives should the risk materialise.

Strong businesses assess the risks then implement a well thought out risk management plan. Take some time to analyse different options and identifiable consequences on your business objectives but do not procrastinate. Take risk based business intelligent decisions quicker with more confidence.

Dream Bigger And Implement A New Reality For Your Business

Do not bury your head in the sand or fail to take calculated risks to improve your business performance. Be better prepared to aim higher with stronger business resilience to overcome obstacles. Focus your limited resources on more achievable business goals. Take risks with more confidence. We are not advocating recklessness. Be responsible and consciously embrace the unexpected.

Set your course to greater success with help from us and our collaborative business partners.

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Just because your industry or business sector or country is under the cosh does not mean your business needs to suffer too.

  1. Grow faster despite the adversity you face in business.
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Create a more proactive flexible reactive strategy to adjust your business to navigate all possibilities. Think and plan bigger!

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Reduce the impact of the business environment on your business objectives. Take control of the things you can control. Focus your business assets on positive risk management. Invest in business improvement. Learn from other business leaders mistakes. Stop trying to reinvent the wheel and apply best business practices to your business developed by others.

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Review your past but more importantly plan for a better future for your business. Even if your past business performance has been great could you do better?

Collaborate to achieve more together

Whilst we work in a highly competitive marketplace we do not need to fight with everybody for new business! Strengthen your relationship with like minded business leaders around the world to grow your business faster.

Have the courage to reach out to others who could help you whilst you help them.

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Become more confident in your future. Focus your resources on what really matters for your business success.

  • Accept that others need to make a profit too.
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Do not just live in our own business bubble. Find the people who complement your business or even fill holes in your business structure. Build healthy business relationships with help from BusinessRiskTV. Care for your new business partners and seek help in return to become more successful. Find time for others you can help to receive help.

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