How are small businesses preparing for Brexit?
smallbusiness | January 31, 2019
Small business owners are exasperated trying to figure out how to plan for our departure from the EU – whether it is on 29th March or at a later date.We speak to six such business owners about the impact of Brexit and what kind of guidance they want to see from experts and the government. At Tiger, we are preparing for Brexit in two ways. Firstly, we’re building up a flush fund of cash, in case we see a serious drop in business. We haven’t seen this yet, however with more and more clients augmenting their overseas offices, it seems inevitable that the economy will eventually feel the effects. Secondly, we’re starting to look at international offices, from where we could offer services to the EU, from inside the EU. So, as an SME, that means spending more money to service Europe, and I imagine that others are doing the same.