At first I hesitated on writing about this as expect a number of you went 'urgh', groaned or sighed as have heard more than enough about Brexit by now. But it's probably ran through many business people mind's already or should do post Oct 31st. How best to navigate some possible future choppy business waters is prudent.
To date this year I've experienced occasional prospect feedback that plans are on hold whilst awaiting to see what happens later in the year - and that was mainly during the 1st quarter. Some sectors are more anxious than others but the government will probably cushion more sensitive sectors such as automotive and agriculture with things like tax breaks, etc. Plus there's likely to be a post-Brexit government spending boost. Recently I did speak to a company that provided services to think tanks and political research bodies. As a result of politicians being consumed with Brexit matters for the past three years, demand for their service decreased and forced them to adjust their business model and look for more fruitful markets elsewhere. For now, and in general, it seems many prospects have decided to just get on with business as usual- until they have a better understanding of what sort of Brexit consequences there will be. As I write it's still uncertain what sort of Brexit we'll get along with some experts predicting a 2nd extension or a general election or a no deal or some sort of deal. Forecasts seem as changeable as the weather. It is wise to be prepared. Better to be nimble and adaptive rather than lets just wait and see and then react approach, as you risk experiencing a longer and deeper dip than others who are being more proactive. Don't forget it can take up to 6 months + for a new lead to convert into paid work. There could be a bit of a political white knuckle ride ahead but my guess is whatever the outcome, there will be a mix winners and losers and whole load of much the sames. So yes I feel there will both new opportunities and new challenges. I'm ready whatever is decided - are you? Comments are closed.
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Strategic New Business Hunter
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