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Preparing your business for Brexit: 6 things you can do now

Following the monumental challenges the Covid-19 pandemic has thrown up, businesses now face a new battle: dealing with Brexit. In the weeks and months ahead, one question will be on every entrepreneur’s mind: how will Brexit affect my business?

As business owners, we don’t like uncertainty. The government now needs to provide regular, clear and updated advice on what our withdrawal looks like and how it will impact on companies across the UK. But, equally, as our report sets out, there are things that all businesses can do right now to try and best manage the challenges Brexit will bring.

A recent report by the Institute of Directors revealed:

  • Only a quarter of business leaders thought their organisations were fully ready for the end of the transition period
  • Nearly half of the 978 company directors polled said they weren’t able to prepare
  • Of those, one in seven admitted to being ‘distracted’ by coronavirus
  • Almost a third said they needed the details of any changes to be clearer before adjusting
  • The overriding message was businesses felt unable to prepare, whether due to pressures of the pandemic or because they needed more clarity

It is against this backdrop that Harper James Solicitors, a law firm purpose built to support businesses from start-up to scale-up, releases this white paper: Preparing for Brexit.

Preparing for Brexit is a step-by-step guide to preparing your business for the changes coming next year. We speak to our clients who set out how Brexit will impact their business and the kind of support they are looking for. Business expert and best-selling author Emma Jones MBE reveals how the publication she founded, Enterprise Nation are standing up for small firms and start-ups and helping prepare their community for the changes to come. Peter Richardson, Founder of the LinkedIn Better Business After Brexit group, shares his thoughts on why it’s vital SMEs get the legal advice they might need to get ready for Brexit.

Getting the right advice now and ensuring your business is Brexit-ready could save you a lot of money and prevent disruption to your business in the future.

What next?

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