Brexit Business Strategy

Brexit naturally raises questions and concerns for many businesses. It could be months or even years to determine the consequences of Brexit amidst the current uncertainty. Early planning plays a critical factor in your business’ ability to respond to the challenges Brexit may present.

Brexit is a symptom – not a cause of what is happening to our economy.

This package explores a full suite of risks and options enabling your business to make informed choices around the challenges Brexit may present. Setting clear goals now will enable you to plan ahead and be in control of driving business growth and success.

We get under the skin of your business to gain a clear understanding of what makes your business tick. Key stakeholders are encouraged to fully engage in this process to gain full insight.

An impact assessment provides you with a head start and means to get ahead of the competition. A suite of scenarios will be considered, enabling you to remain responsive, flexible and spread the threats identified.

A Brexit taskforce is devised to execute action points. Where there is limited resource available, we discuss alternative methods.

Once the potential opportunities and perils are identified, we address how these areas can be measured and how to implement, monitor or adapt the changes required.

Covering 6 business pillars

Brexit will affect every aspect of your business, and our services can be applied to one or all of them. That way you get the help you need, exactly where you need it.

1. BUSINESS STRATEGY
Have you identified the risks and opportunities Brexit will present for your business? What steps are you taking to mitigate against a potential slowdown in the EU market? Without understanding the impact that the next few months and years could have on your business, it will be tough to plan for your continued success.

1. BUSINESS STRATEGY
Have you identified the risks and opportunities Brexit will present for your business? What steps are you taking to mitigate against a potential slowdown in the EU market? Without understanding the impact that the next few months and years could have on your business, it will be tough to plan for your continued success.

2. PEOPLE & MANAGEMENT
With the loss of so many EU nationals, the UK job market is bound to change. Job seekers will gain an advantage and the risk of losing key staff to competitors will increase. Valuing your employees and ensuring that they are well compensated, reassured about the future and given a secure career journey will be essential to maintain a thriving talent pool.

2. PEOPLE & MANAGEMENT
With the loss of so many EU nationals, the UK job market is bound to change. Job seekers will gain an advantage and the risk of losing key staff to competitors will increase. Valuing your employees and ensuring that they are well compensated, reassured about the future and given a secure career journey will be essential to maintain a thriving talent pool.

3. OPERATIONS
Improving efficiency is always an important goal, but with the uncertainty that Brexit has brought to the market it is even more vital. You’ll need to consider everything from how the changes will impact on the movement of goods within the EU and whether your supply chain might become vulnerable, to whether you might need additional administrative resources.

3. OPERATIONS
Improving efficiency is always an important goal, but with the uncertainty that Brexit has brought to the market it is even more vital. You’ll need to consider everything from how the changes will impact on the movement of goods within the EU and whether your supply chain might become vulnerable, to whether you might need additional administrative resources.

4. SALES & MARKETING
It’s important to assess your sales and marketing plans in light of the impact Brexit is likely to have. Competition may well increase post Brexit, and it could be that you’ll need to assign resources to carry out additional marketing activities once we’ve left the EU.

4. SALES & MARKETING
It’s important to assess your sales and marketing plans in light of the impact Brexit is likely to have. Competition may well increase post Brexit, and it could be that you’ll need to assign resources to carry out additional marketing activities once we’ve left the EU.

5. INNOVATION
Have you considered the impact Brexit is likely to have on your customers and clients? Continuous innovation is the best way to ensure you’ve adapted your products and developed new ones to help you stay ahead of the competition. You’ll also need to think about compliance in light of potential new standards and regulations.

5. INNOVATION
Have you considered the impact Brexit is likely to have on your customers and clients? Continuous innovation is the best way to ensure you’ve adapted your products and developed new ones to help you stay ahead of the competition. You’ll also need to think about compliance in light of potential new standards and regulations.

6. FINANCE
Whatever changes occur in the next few months and years, do you have the finances available to meet the challenges that could await? If you have plans to grow and innovate, it might be worth considering how you can secure that finance before it becomes more difficult and expensive to do so.

6. FINANCE
Whatever changes occur in the next few months and years, do you have the finances available to meet the challenges that could await? If you have plans to grow and innovate, it might be worth considering how you can secure that finance before it becomes more difficult and expensive to do so.

Brexit has potential to touch every aspect of business, generating huge changes to our laws. Whilst the European Union (Withdrawal) Act 2018 will adopt existing EU laws into domestic law for the time being, there are other aspects to be considered.

Prioritising a legal audit of all future and existing contracts would be prudent to ensure they remain commercially viable and ascertain whether any terms or clauses could be affected by Brexit.

Intellectual property rights represent a significant value to business. Following our departure, European Trade Marks and Community Designs cease to have effect in the EU but shall receive protection from a UK equivalent Trade Mark. Patents  remain in force and fully effective since they are granted independently of the EU.

The Data Protection Act 2018 and GDPR are enshrined in UK law governing collection and public data use. Under GDPR, organisations are permitted to transfer personal data outside the EU if there is a legal basis for doing so. Transfers of personal data within the EU are not restricted.

Want to discuss your options?

Take advantage of our free 30 minute consultation offer to work out what level of Brexit planning support your business needs.