Building up to brexit – A guide for start ups and small businesses
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12/01/2017
It’s been about 100 days since the referendum but what impact has it had on business and the economy so far?
Join Walking Among Giants for a fun fuelled, information packed and activity driven workshop designed to help you focus and make sense of the new and exciting business landscape that is unfolding post Brexit.
- Learn how to better predict and interpret the economic climate outside of your business
- Identify opportunities and threats in business planning
- Learn how to future proof your business by analysing its strengths and weaknesses
- Get to grips with your appetite for risk and consider the implications for stabilisation, sustainability and growth
- Learn how to implement and manage an effective programme of change
- Leave at the end of the day with a bespoke action plan for implementation over the following 90 days.
There are varying viewpoints about the impact of the Brexit vote so far:
Positive Trends:
- Consumer confidence shows resilience - Retail sales have maintained their growth (Office for National Statistics - ONS) so too have sales and sentiment in services, manufacturing and construction. (Market/CIPS Survey)
- Expected 2016 GDP Growth forecasts issued by OEDC have been revised upwards from 1.7% to 1.8%
- Cost of borrowing has been cut from 0.5% to 0.25%
- Weakened sterling has stabilised and boosted exports (Bloomberg)
- Tourism in the UK is increasing (ForwardKeys)
- The rate of unemployment remains stable (ONS)
- Australia, India, Mexico, Singapore, China and South Korea have all welcomed talks about post-Brexit trade (Teresa May)
Negative Indicators:
- Inflation is on the increase (ONS)
- Small businesses are pessimistic about the future (FSB) – investment, including job creation, has fallen (BoE)
- Financial services industry could be damaged in the medium to longer term (Morgan Stanley)
- Import costs have increased (ONS)
- Materials brought in from abroad and fuel prices are on the increase (ONS)
- The U.K. pension fund deficit is increasing due to falling bond yields (FT)
- Britain’s trade deficit has widened (FT)
- Any firm deals with the EU (trade, movement of labour & participation in the single market) could be years away (Reuters)
Timetable for the Day:
- Session 1 - Recognising new opportunities and threats post Brexit
- Session 2 - Identifying and managing internal resources and capabilities
- Lunch Break - 1:00pm to 2:00pm*
- Session 3 - Developing plans for stabilisation, sustainability and growth
- Session 4 - Pulling it all together and dealing with the “What Next?”
*Please note lunch will not be provided as part of the workshop but catering facilities are available on the Science Park site.
Venue: Visualisation Centre, Glaisher Dr, Wolverhampton, West Midlands
FREE to attend
You can register to attend here
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