SME Growth: Will BREXIT spoil the party?
SME’s are generally focused on growing the sales side of their business, to improve bottom line profitability. Having bounced back from the double-dip recession, then flat-lining for a couple of years, it looked like proper growth had once again returned to our local businesses:
And then came BREXIT. So what should we expect now? Early signs are mixed; a devalued pound means your exported products/services are now, roughly, 10% cheaper. If selling to overseas markets is new to new your business, looking at the Government’s ‘Exporting is GREAT’ initiative may be a good place to start exploring this opportunity. This service is primarily a bespoke website database, matching export contracts with bidders.
Otherwise, watch this space. Post BREXIT currently appears to be in a wait-and-see phase. Thankfully for Henny Penny, the sky has not fallen to earth yet, but, alas, our grass does still looks the same EU shade of green as our neighbours across the water.