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Types of risk your business faces
Understand the main types of business risk - what they mean and how they can affect your business
Strategic risk
What is strategic risk management and how to identify and mitigate strategic risks in your business
Financial risk
Understand the main types of financial risks to your business and find ways to mitigate and reduce them
Evaluate business risks
Risk evaluation helps you determine the importance of each risk to the business and decide whether to take action
Prevent and reduce business risk
Reducing risk to business involves putting in place processes and methods to deal with the consequences of an adverse event
Strategies to help you manage business risk
Common strategies for treating the risks to your business are avoidance, acceptance, sharing, reduction and elimination
Business risk insurance
What is risk protection insurance and how to insure your business against financial losses associated with business risks
Decide your approach to importing
Keeping importing simple by dealing with experienced exporters in developed countries and using agents
Manage country risk for imports
Different cultures, regulations, languages and other country risks for importers.
Assess the reliability of overseas suppliers
Managing supplier risk for imports.
Ensure imported goods meet your requirements
Ensuring imports meet UK legal requirements and customer demand.
Minimise the impact of import delivery problems
Controlling the risk of damaged, delayed or incomplete deliveries.
Avoid payment problems with imports
Import payment methods and financial planning.
Contacting the National Clearance Hub
Contact details for the National Clearance Hub
Key elements of strategic planning
Understand the essential questions that you should consider as part of your strategic planning process
Steps in the strategic planning process
Overview of strategic planning and management, and the importance of involving different levels of staff in the process
Types of strategic planning models
Using strategic models, such as Five Forces, SWOT or PESTLE analysis, can help you assess threats and opportunities facing your business
Business growth: market research
Use market research to drive business growth and innovation and to stay ahead of the competition
Business growth strategy and planning
Maximise the chances of business growth success by carefully planning your growth strategy
Business growth: cashflow management
Cashflow issues are common in growing businesses - here's how to control working capital and manage finances for growth