The UK is going to leave the European Union in March 2019. It’s inevitable and there’s little anyone can do to stop it. All that has to be answered now is what are the terms of the divorce and what happens to the UK after Brexit.
What’s worried me more than this is how unprepared our small business community is. While large corporations and those who trade across borders have been considering their responses, their smaller cousins have largely refused to consider the question.
As someone who’s had Shell’s approach to strategic scenarios drummed into them from a young age I find this troubling. Firms should be planning to best, worst and variations thereof. Brexit fans should have contingency in case the most negative Remainers are right and vice-versa.
This might sound like “big business” and a “cash cow for consultants” but in truth a small business can go through this in an hour or so. It doesn’t necessarily require massive investment in specialists or huge market analysis projects. A couple of sheets of paper, a clear mind and a willingness to set personal beliefs to one side and consider “what if” is all it takes.
As responsible business owners we have to accept the possibility a different view to our own might be right and at least consider what that might mean for our customers, suppliers, shareholders AND employees.