Here are some questions we think you could usefully ask about your business to prepare it for managing during the Brexit process.
People + Processes
- If we employee EU nationals, what do we need to do to ensure we retain them?
- What can we do to train and develop existing employees to fill any skills gaps?
- What can we do to ensure we remain attractive as an employer while inflation is rising?
Utilisations + Outcomes
- What more can we do to improve productivity?
- Can we take advantage of a lower pound and export more?
- If business growth is being held back, what are the implications of a lower growth trajectory (e.g. on staff incentives, investor relations and banking covenants)?
Logistics + Infrastructure
- Is our supply chain dependent on access to the single market and, if so, what can be done to mitigate any risks of reduced access?
- Do our business continuity plans adequately reflect increased business risks during the Brexit negotiation process and afterwards?
- Do we need additional intellectual property protection to cover new international markets?
Strategy + Finance
- Do we need to review and update our business strategy in the light of Brexit?
- What can we do to improve working capital and cashflow?
- Do we need additional finance and, if so, do we need to consider alternative sources of finance?
Ethos + Relationships
- If we currently serve EU customers, what can we do to reassure them and retain their custom?
- What do we need to do to reassure our employees about our business prospects during Brexit?
- Are we fully compliant today and how do we ensure we keep abreast of regulatory changes?
By taking one of our business health checks you will understand better how your business is doing in each of these areas, and help to plan for the post-Brexit future.
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