With Christmas over, we’re heading into what is traditionally the slowest part of the year. It’s easy for businesses and communities to feel as if they’re in a slump, particularly with the latest Brexit ‘no deal’ news.
Many consumers will be feeling the effects of Christmas on their bank balance and many businesses will be tighten their belts even more due to the uncertainty of Brexit and the implications of a ‘no deal’ scenario. In addition, Blue Monday, the third Monday in January, might be bluer than most for many businesses.
According to the BBC reports on SMEs (Small and Medium-sized Enterprises), 1 in 7 businesses have not made plans for the ‘no deal’ scenario. If you are one of the businesses who is hoping for the best, now might be a good time for planning for the worst. So, what can you do to ensure that your business can ride the possible ‘no deal’ Brexit wave?
Firstly, panic is not an option, but getting active is. Plus, you don’t have to do this alone, you can find help within your local business community. Nearly all businesses in your community will be in the same boat – everyone speculating and forecasting the impact of a ‘no deal’ on their businesses. Better to get together to discuss common concerns and the impact on your businesses. It’s also an opportunity to discuss possible solutions or contingency plans, such as exploring new supply chains outside of the European Union (EU), if your business is dependent on EU supply chains.
If you are a VAT-registered business who trades with the EU, then now is the time to access advice from Her Majesty’s Revenue and Customs (HMRC), which has stipulated three actions you can take in the event of a ‘no deal’. Simply go to their website for more details.
The great news for some businesses that don’t rely on the EU for trade, is that it leaves them in a better position. However, there is still a need to pass this information onto customers that business will go on as usual.
In the face of a ‘no-deal’ Brexit, collaboration between businesses and the rise of the cooperative is probably one of the positive aspects that could come out of the chaos. And, perhaps a real focus on supporting local economies, local businesses and communities will see them begin to thrive again.
You can further support this by signing up to the Zapp Active App, an app designed to put local businesses and communities on the map with its locator-based technology. With the increasing likelihood of a‘no-deal’ Brexit, this could be needed more than ever, so why not become an early adopter and become part of the Zapp Active community today.
Be an early adopter and sign up to be part of the Zapp Active community this Christmas.
why not visit Zapp Active now!