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Brexit Q&A: How can my business manage post-Brexit risks?
The key to navigating Brexit for any business is planning. Right now, despite the uncertainty around what Brexit may or may not look like, all businesses (whether they trade directly with the remaining 27 EU member states or not) should be considering what areas of their business could be affected by Brexit (in a deal or no-deal scenario) and identifying any risks that may impact on those business areas.
Each business is different, and so there is not a “one-size-fits-all” approach that can apply to all of Gloucestershire’s businesses, but a good starting point for any business is to think about the impact of changing market conditions (such as reduced consumer confidence, exchange rate fluctuation and inflation).
Businesses can then use that information to formulate plans to mitigate those potential risks and, when the clock strikes 11:00pm on 29 March 2019, implement those plans.
Chris Wills is a partner in our Legal 500-rated corporate & commercial department. He has over a decade of experience in advising businesses on a range of transactions and issues, including mergers and acquisitions, debt and equity funding, joint ventures and shareholders' agreements, partnership and LLP agreements, group restructures and commercial collaborations. Chris advises businesses across a broad range of sectors, from start-ups and family businesses to established companies operating on a global scale. For advice on this topic, email firstname.lastname@example.org or call 01242 514000.