‘Whether you voted remain or leave – it is now irrelevant. We are where we are.’
Welcome 2019 and all that it has to offer! The New Year. Just uttering those very words one feels full of hope, dreams and ambition. It says I can start again, I can create something new, forge ahead with a business, product, and service or improve what the business is currently doing and create new opportunities.
Success is yours to be had and is for the taking. This is just as true of individuals as it is of corporates. We all want some form of change or goal attainment. So, in today’s world where the global language is trade, commerce, consumers and finance, coupled with political and social unrest why should we be surprised that the United Kingdom is undergoing its own 2019 New Year’s resolution or goal setting on the global stage?
More importantly what should be in every business plan this year because of Brexit and is Yorkshire’s voice being heard at home by policymakers?
The UK’s 2019 current ambition is to reposition itself not only in Europe but also in the wider world. Well how is that really going to happen? Much like any other corporate or brand there has to be a seller but also a buyer. The question is what is the UK selling? Or is the question what does the UK think it has to sell? In part we have always been heavily reliant upon our brand being the world leader, the voice in Europe. But is there any mileage to be attained in thinking in these terms for any current value in our ‘brand’?
The question we face is very similar to those currently facing the big brands such as Apple and some retailers such as Marks and Spencer’s and Debenhams. Recently the press reported a 9 per cent stock plunge in Apple. Questions are being asked as to whether Apple is living on past inventions. What has it created that is new?
Or should we have a deeper concern given that Apple has recently lost China – the world’s second biggest economy. Apple’s competition is an app called WeChat. The thing is if Apple is wearing rose tinted glasses and believes its ‘brand’ will survive anything despite the evidence suggesting otherwise, is that what the UK (via the politicians) is doing? Maybe what is required is that as businesses we need to develop a voice by joining forces and asking what does Brexit mean to us – what are the implications. Who is the voice for the business?
Not all business have the same needs or requirements. For example a start-up or a business under five years or less than
£2m turnover will have differing requirements. However, there are some fundamentals that we cannot ignore no matter what size the business.
The way Yorkshire businesses can forge a voice is by coming together with all businesses and with other organisations such as the Institute of Directors and help be a voice for Yorkshire business – we can only be stronger together as one unit. There is very little power in just one organisation or individual.
President Obama said “… the nature of human dynamics does not change from level to level ... the way power works at every level whether at the United Nations or in your neighbourhood, is, do you have a community that stands behind what you stand for… and if you do you will have more power and if you don’t you won’t.”
At home we are in trouble already without adding another layer of Brexit to the equation. Whether you voted remain or leave – it is now irrelevant. We are where we are and as a business owner I would ask: As a business how are you looking to reposition yourself? The clock is ticking
(at the time of writing 87 days 21 hours 2 minutes 53 seconds), this is no time at all.
Points to consider for your 2019 business plan – they may not all apply to your business directly but consider if they impact your customers/clients. If the answer is yes they will therefore impact your business.
In terms of transit to you or your customers. In respect of manufacturing consider where replacement parts or engineers come from.
Sources of finance:
EU finance is likely to cease which will impact on certain sectors
This may be affected by tariff and country of origin requirements identification.
Such as currency changes costs, pricing cost and availability of certain supplies/goods may change substantially.
Importers and exporters may need to have measures in place to comply with additional administration and to pay additional tariffs.
Period of regulatory and legal uncertainty:
New UK regulations are likely to replace EU law and bring into effect future trade arrangements. Legal uncertainty is likely up to 2021 and possibly beyond.
The best practice is forge ahead with your plans but ensure you take into account the UK’s New Year’s goal.
CORE VALUES:Questions are being asked as to whether Apple is living on past inventions.