The Profit Accelerator Podcast

“Managing Business Risk” with Jim Stevenson

April 10, 2024 Dawn Kennedy Season 1 Episode 132
“Managing Business Risk” with Jim Stevenson
The Profit Accelerator Podcast
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The Profit Accelerator Podcast
“Managing Business Risk” with Jim Stevenson
Apr 10, 2024 Season 1 Episode 132
Dawn Kennedy

Dawn talks with Jim Stevenson. Jim is the Founder and CEO of Bletchley Group, an International Growth Consultants: Strategy | Transformation | Growth. Dawn and Jim talk about risk people who are risk averse, whether or not you should make a decision, how you make that decision, the strategy around mitigating risk and making the decisions, and also why it's so important to make a decision.

In this episode…

Who is Jim Stevenson and whom does he serve? (1:02).

How should we view risk as a business owner? (1:39)

How would we know what our risk appetite is and does it change the longer we're in business? (2:37)

As a business owner, how can you assess the impact of decisions with more confidence? (4:56)

Have you encountered business owners who make decisions without considering the broader effects, opting instead to hope for the best? (8:00)

How can we gather evidence or identify indicators to define the risks and potential outcomes of a decision? (12:11)

How can a decision to pivot provide a new opportunity after realizing the lack of prior planning or analysis in a significant decision? (17:05)

How do market dynamics influence decision-making, and what risks arise if we fail to monitor and adapt to market changes? (19:27)

When do you recognize that a decision isn't working and needs adjustment, rather than sticking to it for too long and risking long-term harm to the business? (22:02)

Do you think that this long-term kind of perspective came from the fact that you were an athlete at that level? (20:41)

Did you ever feel like it wouldn't work or you weren't seeing results fast enough?(22:19)

Do you believe that balancing aggression in one aspect of your ventures and defensiveness in another contributes to maintaining perspective and resilience during challenging times when results seem slow to materialize?(24:05)



Jim Stevenson’s Information.

WEBSITE:https://www.bletchleygroup.com/

FB: https://www.facebook.com/JimStevenson.Coach/

Linkedin: https://www.linkedin.com/in/jimstevenson

Medium: https://medium.com/@JimStevenson

Email: jim@bletchleygroup.com


Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Subscribe to our Youtube Channel: https://youtube.com/@dawnkkennedyxo?si=DcRcjv7H0KN5_vFP

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books

Show Notes

Dawn talks with Jim Stevenson. Jim is the Founder and CEO of Bletchley Group, an International Growth Consultants: Strategy | Transformation | Growth. Dawn and Jim talk about risk people who are risk averse, whether or not you should make a decision, how you make that decision, the strategy around mitigating risk and making the decisions, and also why it's so important to make a decision.

In this episode…

Who is Jim Stevenson and whom does he serve? (1:02).

How should we view risk as a business owner? (1:39)

How would we know what our risk appetite is and does it change the longer we're in business? (2:37)

As a business owner, how can you assess the impact of decisions with more confidence? (4:56)

Have you encountered business owners who make decisions without considering the broader effects, opting instead to hope for the best? (8:00)

How can we gather evidence or identify indicators to define the risks and potential outcomes of a decision? (12:11)

How can a decision to pivot provide a new opportunity after realizing the lack of prior planning or analysis in a significant decision? (17:05)

How do market dynamics influence decision-making, and what risks arise if we fail to monitor and adapt to market changes? (19:27)

When do you recognize that a decision isn't working and needs adjustment, rather than sticking to it for too long and risking long-term harm to the business? (22:02)

Do you think that this long-term kind of perspective came from the fact that you were an athlete at that level? (20:41)

Did you ever feel like it wouldn't work or you weren't seeing results fast enough?(22:19)

Do you believe that balancing aggression in one aspect of your ventures and defensiveness in another contributes to maintaining perspective and resilience during challenging times when results seem slow to materialize?(24:05)



Jim Stevenson’s Information.

WEBSITE:https://www.bletchleygroup.com/

FB: https://www.facebook.com/JimStevenson.Coach/

Linkedin: https://www.linkedin.com/in/jimstevenson

Medium: https://medium.com/@JimStevenson

Email: jim@bletchleygroup.com


Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Subscribe to our Youtube Channel: https://youtube.com/@dawnkkennedyxo?si=DcRcjv7H0KN5_vFP

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books