Business risks…A Creative Approach to Identifying Business Risks

What are Business risks?
Business risks can be defined as the events or activities that when induced, they cause problems to the survival of a business entity. In the context of business organizations, risks can be categorized into internal and external risks. Internal risks manifest themselves within the business environment, and may include threats that undermine performance, safety, and security of employees at workplace. Such threats also trigger financial mismanagement, poor quality production, mechanical breakdowns of machines, and increased employee complaints.  


Externally, business risks may present themselves as financial market uncertainties, credit risks where the creditors fail to pay the owed amounts, and natural disasters that strike a business. The ways in which business risks are established vary from organizational culture, kind of the industry, and the business practices in place.

Objective-based strategy
Through objective-based strategy, risks can be established, and this seeks to evaluate the events and activities that jeopardize the process and efforts of achieving the goals and objectives of a business. For example, if the objective of the business is to increase its profitability, but the technological innovations cannot support this initiative, this is then viewed as a risk, and the management should work towards improving on the technological innovations as a mitigation measure. 

Taxonomy-based approach
A taxonomy-based approach may also be used to identify business risks. This means that possible risks sources are analyzed. Information on business risks can be sourced from the employees and the management, whereby, questionnaires are supplied and information gathered on the perceived risks that may manifests within a business or outside the business and result to inability to achieve the set goals and objectives.

The employees offer information on potential risks, and this is tabulated by listing them down evaluating their probability to occur, and the severity of the effects they may pose. In the business set-up, there are usually lists of known risks that are perceived as a threat to business operations. For instance, fire, employees’ safety at work, theft, financial misappropriation, employees’ strikes, and under-performance are perceived as ideal business risks.

Others may include unhealthy competition in the market, lack of resources to support the business, weak management team, natural disasters such as earthquakes and floods. All these may be common risks in a business set-up. Through the common-risk checking, these risks are analyzed, their probability to occur, and the severity of damage or impact they may bring to the business is also established.

Source analysis approach
The business risks may also be determined by source analysis whereby the source of the business risk is established. This means that if the source of the risk is poor management, then this mismanagement of the business is viewed as the risk.

If the source of a business risk is poor financial management, then the financial mismanagement is regarded as the risk. In other forms, the risks can be identified by the problem. This is the problem analysis and it normally entails establishing the threats that confront the business organization. For example, the threat of losing competitive edge, recording reduced profitability, losing loyal customers, or threat of the business burning down from fire or explosions. These threats are risks that can affect the continuity of the business.

Scenario-based method
The risks can also be identified through scenario-based method whereby any event or activity that induces an unjustifiable business position such as reduced profitability may be regarded as a risk. Other examples such as the activities that trigger complaints and cause conflicts of interests may also be cited as risks. Factors that hinder business from moving to particular region may be viewed as risks. For instance, the unstable political climate and government autocracy and bureaucracy in registering businesses may be the risks.

Ad Click Xpress Review…The Biggest Scam That Still Survives

Ad Click Xpress is one among the surviving Scam sites on the internet. If you are an internet user whether a seasoned marketer, a publisher, or just another fellow looking for ways to earn online, then you need to realize that the road to success is not easy. I have learned from experience and would like to strongly warn people who are desperately searching for ways to earn online to refrain from sites like Ad Click Xpress. I am deeply touched and very much concerned how people are losing money including myself who has years of experience working online.

I must attest that the internet lacks a comprehensive regulation and international jurisdiction  that can work around to protect internet users from the merciless acts of thieves and robbers who continue to reap from where they haven’t sown. In this article, I will feature a site that is not new to many. This is Ad Click Xpress, and if you have been following the happenings of Profit Clicking, you clearly understand what I mean.

Ad Click Xpress was born after the collapse of Profit Clicking early this year. Profit Clicking was born after the collapse of Just Been Paid, and the list of evolution goes on. What has been happening is that this is the same website or dubious business that has been rebranding itself. If you understand business law, when a business rebrands, it is technically very difficult to pursue any legal means to address issues with the company.

Now, the problem is that these Internet thieves are scamming people, and continue to flourish and trap unsuspecting Internet users with very enticing advertisement and emails. If you look at the complaints posted on the internet, they are many but when you go to the website of Ad Click Xpress, what you find is a collection of very inspiring testimonials from some people who might have benefited or are paid to give such testimonies.

Why don’t we see the negative complaints being posted on the testimonials page? Simply this cannot happen. If websites like Zeekler Rewards collapse, there is no way sites like Ad Click Xpress will survive. It is just a matter of time before you lose your hard-earned money the cruel way. My friends, I am appealing and pleading with you to you keep off from all those ad clicking sites before you regret for the rest of your time.

If you have already registered, don’t waste your time because these businesses do not have any model of successful operation. In fact, they are “Ponzi schemes” that benefits a handful of people while millions lose their dollars. What people fail to understand is that these sites are crowded with millions of users who are willing to risk a few dollars. Many of them start with about 10 or 20 dollars because they fear they will lose their money, which anyway happens at the end.

If you consider that there are millions of users, when you multiply those numbers by about 20 dollars, you get thousands of dollars being swindled from willing users. The reason why I term the users of these sites as “willing users” is because they know they are risking their money on platforms that do not work. Did you know that the owners of these sites depend on the traffic or the users who register with their sites?

The more users they have, the more traffic they get. Now, this traffic is what is called “useless traffic”. Well I perceive this as “Useless traffic” because these are users who are not registering to seek for products and services. So when you ask them to click on sites, you only hope that they will find something interesting to buy products or register to other website.

This does not happen because all these users are here to make money from something they do not understand, and which does not exist in the first place. Therefore, the owners of the sites are dwelling on the wrong traffic. This is why all these site fail before they disappear with people’s money.

The publishers who advertise on these sites fall under the same category of dubious sites. About 90 percent of all websites advertised through sites like the Ad Click Xpress are themselves dubious. They are also seeking for ways to con people. This is why you find sites like 2 Dollar Clicks and other Ad Clicking websites featured here. You will also find systems that claim to make thousands of dollars being advertised at Ad Click Xpress, and which never work, at all.

So what is the point here? If you have registered with Ad Click Xpress, it is time you quit and stop your engagement with this site. You can remember how Profit Clicking used to say…. “A million dollars for anyone who can prove that this system is unsustainable”

So who can protect consumers from these websites?
Apparently, scammers are existing on the internet, and they continue to thrive yet nothing is happening. The internet community is giving a blind eye to this kind of carnage yet there is something that can be done. First, Search Engines should not display all sites that have been blacklisted as scams. Those sites should be banned from search engines completely.

Secondly, all electronic money transfer companies doing business with these scamming website should be put at task to explain why they are doing that, and be compelled to immediately close the accounts and members receive their refunds. I would like to give a big applause to PayPal which has shown exceptional commitment in barring such scam businesses.

All electronic money transfer business should refrain from engaging in business with these scam sites. I am raising an alarm to the internet community, and it is time the world works as one community and put an end to this carnage. Internet theft is becoming a threat that has deadly repercussions to economies that terrorism. Why are the world’s leading economies or countries keeping quiet of a risk that could destroy their economies?

If you have any website that has swindled your money, kindly blacklist it on this page. I want the world and particularly internet users to see how internet scam sites continue to thrive and flourish while they steal money from the poor and hopeless. If you want to learn more about Ad Click Xpress scams and complaints, just type this query Ad Click Xpress scams, and you will find many complaints put forward by people who have lost money through this site.

Kenya Defense Forces in Control Of Westgate Mall after An Attack by Al-Shabab Militia Photos and Video

Kenya remains strong, as the military forces battle a group of al-Shabab militia who have taken Kenyans and other nationalities hostage inside Westgate shopping Mall in Nairobi. The official death toll released by the government stands at 62 as at the afternoon Monday 23rd September, two days after the siege of the mall began on Saturday 21st September around 11 am.

This attack appears to have been well-plotted and contrary to what was thought; most of the attackers come from different countries. Since Kenya deployed troops to Somalia in 2011, al-Shabab has been pushing for withdrawal of the troops. Kenya has since suffered a series of grenade attacks in Nairobi, Mombasa, and Garissa however, the latest attack of Westgate mall seems to have been the most dangerous. 

A group of al-Shabab militia numbering about 10 to 15 stormed the building and started spraying bullets on people before taking others hostage. Close to over 1000 people have been restored with scores injured and rushed to different hospitals including MP Shah Hospital, Nairobi Hospital, Kenya National Hospital, Aga Khan, and Guru Nanak hospital.

Over 175 people have been reported injured. The situation is delicate and extremely tense as people wait to get the full horror of this beastly attack. Journalist have been barred from coming closer to the building because of the nature of the attack. It is too risky for journalists to move closer and are only reporting some distance from the mall.

 

Rescue operations conducted by the Kenya Defense Forces has so far been very successful and the Red Cross has shown its resilience in helping victims of the attack. There has been a fierce battle on Monday afternoon 23rd with gunshots and explosions being hard repeatedly from the mall. The terrorist are believed to have set a section of the mall on fire to create distortion of the assault.

However, the Kenya Defense Forces have been fiercely engaging the terrorists and have taken control of most of the floors of the building. Among those who lost their lives in this attack are Kenya nationals, Indian nationals, French, South Africans, Canadians, Australians, Britons, and Chinese. The Westgate Mall is a prestigious shopping facility located at Westlands in Nairobi, and is frequented by visitors of different nationalities.

It is believed that Westgate was targeted because it is frequented by many people of all nationalities. Two of the attackers are believed to have been killed in the assault by the Kenya military forces. As the rescue operations continue, Kenyans are urged to remain calm and resilient, and do their business cautiously.

 

The Kenya government has consistently said that there is no need for travel adversaries to be issued by other nations as the situation has been contained. The war against terror is a global war and countries must join their hand to fight these terrorists relentlessly. The terrorists seems to be changing their tactics and shifting to holding of people hostage after the series of hostages in Pakistani and India.

 

Journalists have been asked to be cautious when reporting the development of the attack because the militia could be monitoring the media. The group that claimed responsibility for this attack has been said to have previously recruited Americans in their militia group. This shows the dimension the Al-Qaeda affiliated group Al-Shabab was taking in recruiting young people to join their network.

US officials estimate that dozens of Americans have traveled to Somalia over the last six years where they have joined the Al-Shabab militia group. Kenyans have donated blood to help the victims and this has shown their solidarity in coping with the attack. The Westgate attack Nairobi has left the City in Shock but Kenyans are more united and strong despite the beastly attack. The Kenya Defense Force has said that it planning to end the siege soon. Security has been heightened around the country and in national borders and other towns. 

 

6 Bright Ways To Minimize Your Car Home Insurance Cost

Insurance cover is all but a requirement for those who own and drive cars and therefore, forms part of a regular expense for the people. Auto insurance can stretch your finances. Nevertheless, it is so essential because it saves you money when you find yourself or your car involved in an accident. The best thing to do is to leverage all ways, in which you can keep the insurance premiums low and there are certainly many of them. You can quote reasonably higher deductibles, observe safe driving ethics, and these coupled with Auto Home Insurance discounts, could significantly reduce your overall auto insurance cost.

Car insurance discounts are many and may vary from one insurance company to another. You can carry out a research on every insurance company to find out its range of car insurance discounts. Meanwhile, you can also consult an insurance agency firm that deals with different insurance companies and will perhaps offer you more information on the various discounts out there, which auto home insurance coverage buyers can take advantage of.

All the same, there are common auto coverage discounts that are offered by most insurance companies and include;

• Safe driver discount: If you have maintained safe driving and you have not been involved in any major accident for several years, an insurance company will reward you with low premiums.
• Good student discount: Apparently, if you obtain good grades in college, this can help you get insurance discounts from auto insurance firms. This is based on the assumption that you are a responsible person and can maintain good driving ethics. This discount can extend for many years saving you significantly on your Auto Home Insurance cost.
• Multiple policy discount: When you combine your insurance coverage such as auto, medical, and home insurance into one policy coverage, you get rewarded by insurance company for giving it more business.
• Retirement discount: When you are old you spend less time driving and this reduces your insurance coverage premiums.
• Defensive driving discount: Those people who have undertaken defensive driving course can enjoy reduced premiums. This is because they are more aware of the traffic laws and observe safe driving.
• Vehicle safety discounts: If your car is installed with anti-theft alarm system, anti-lock brakes, airbags and other safety features, insurance companies will offer you reduced premiums.

When all's said and done, the most important aspect that will help you maintain low costs in your car home insurance is safe driving. If you or your car is frequently involved in accidents, this can impact adversely on your insurance coverage premiums.

Install Solar Photovoltaics Cells through Solar Panels Technicians

Consumers are seeking for ways to cut down their regular expenses including utility bills. Some states have a relatively higher cost of electricity than the average America electricity cost. Solar panels provide free energy, something that allows consumers to save money in energy. A  Solar Panels contractor can help you in installing the solar photovoltaics (PV) cells.

Once installed, a solar energy system pays for itself and within a few years, you are able to recover the cost of installation. The cost of energy consumption pushes up the credit card balances and may cause the credit report to be tainted. Sunlight is free and when you use the photovoltaic cells to derive energy from the sunshine, you are saving money.

A solar installation company will explain in a clear-to-understand manner how your system will cost you, how much money you will save, and the financing options available for the project. The solar panels have layers of semi-conducting silicon material that converts sunlight into electric field. Using solar panels will not only reduce the cost of energy but also help in cutting carbon footprint.

Solar energy is renewable and does not emit dangerous pollutants and carbon dioxide into the air. You can also get paid for electricity you are generating even if you are using it. This is achieved through the Feed-in- Tariffs that will pay you for what you are generating. This is one way of encouraging people to install power cells in their homes and business properties.

If you produce more solar energy than you need, you may also sell the electricity back to the national grid and earn yourself money. If your system is able to produce more electricity than you need to use at your premises, then you can sell the surplus to the grid. With help of a Solar Panels technician, you can install your system and begin to enjoy free electricity right away.

Why You Need the Help of Professional Solar Panels Installer

Installing solar panels may not be an easy task because it requires professional skills including construction, electrical wiring, and carpentry. If you cannot bring this level of expertise, then you may encounter problems when installing your solar panels. A reputable Solar Panels installer understands the ins and outs of the building and construction codes and ordinances within your area.

Leaky roofs and electrical connections that do not meet the state code are some of the issues resolved by the installers. Although the do-it-yourself installation brochures may make it sound like any easy task to install solar panels, the reality is that installing and integrating them into your residential or business premise power grid is a complex aspect.

Professional installers are trained in different areas and they are able to optimize your solar system by fitting it in a position where it can receive sunlight that guarantees optimal performance and the least possible electrical bills. Moreover, the expert solar installers know the rebates and incentives available in your area, which could help you reduce the initial out-of-pocket cost.

The installers work closely with you to find the best purchase option that could help you save money. It may not be easy to figure out what exactly you will be saving when you install solar panels. The process is complex and involves proper assessment and evaluation of the installation site, the amount of sunlight, the shading in your home, and the kind of solar panels you install.

The professional installers visit your home and make onsite evaluation that can allow you install the solar system optimally. Moreover, the Solar Panels installers can assist you in obtaining the required documents and permits when installing solar systems. You not only save time and money when you consult expert installers but also ensure that the installation is done properly and in line with the set building standards.

Save Money in Energy Bills with Help of Solar Panels Installation Companies

As countries seek for clean energy and more efficient power deliveries, homeowners and business premises are being encouraged to install solar panels in their premises. You can save money when you install the solar photovoltaics (PV) cells in your home. A Solar Panels installation company can help you determine the right size and place to fit your solar cells.

After you have paid for the initial installation, the running cost of maintenance and repairs are minimal. You start enjoying low cost energy in your home or business. This can enable you save money, which you could use in other ways such as paying for home loan, car loan, or other expenses. The cells do not need direct sunshine in order to produce energy. They can still produce electricity even during cloudy day.

Electricity is expensive and if you have to meet monthly bills for the rest of your life, then it means at you will spend large amount of money in the long run. This is an amount you could save and buy a car or finance your dream house. People do not realize the small monthly bills they pay for energy can amount to hundreds of thousands of dollars in ten or 20 years.

But why do you have to pay for the costly electricity when you could generate your own power right from your home and you pay nothing. The only amount you have to pay is the installation cost. Although installing the solar panels may be expensive, then immediately they are fitted, you start enjoying free energy from day one.

Within a few years, you are able to recover to the cost of installation of solar panels and then continue enjoying free energy. When you consult professional Solar Panels installation companies, they inspect your home, the roofing structure, and determine the right location to fit the cells.