Are You One Of The 86% that’s not Ready for A No-Deal Brexit?
Here are 5 questions to help you prepare…
No-Deal Brexit, could it really happen?
A no-deal Brexit is becoming more and more likely as the clock ticks down and the government’s efforts to get parliament to accept the leaving agreement plan continues to stall.
For many businesses, since Article 50 was implemented back in 2017 the question has been how do we prepare to leave? Big businesses with money and corporate responsibilities commenced their preparations and planning by considering the worst-case scenario, a no-deal Brexit.
For smaller businesses with fewer resources and with less cash available it’s been harder to prepare. This is as been compounded by the failure of the government to agree on the terms for leaving that Parliament and the European Union can accept.
As the 29th March 2019 draws ever closer, and with the government showing no signs of extending article 50 or gaining an agreement to leave, a no-deal Brexit looks more and more likely.
Where does that leave the small business owner? Somewhat frighteningly, as of December 2018, 86% hadn’t started planning or preparing for a no-deal Brexit. To help, I have put together 5 questions that will enable businesses of any size to kick-start their preparations for a no-deal Brexit by using business continuity planning.
Having a Business Continuity Plan and what it means?
Many years ago, I was introduced to my first business continuity plan. It was a beast of a document with over 100 pages of how the business would continue to trade in the event of a natural disaster or a significant incident.
Having worked in sales or business development roles up to that point, it was something that I hadn’t had to worry about. A storm blowing the roof of the offices, or fire damaging the warehouse just weren’t my concerns.
The power of a business continuity plan is that it allowed for several scenarios that could affect business operations and provided answers as to how to deal with them. It was produced with the benefit of time and considered thought to create a plan as to how to manage &…