Category: General Building up to Brexit: a guide for startups and small businesses

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Building up to Brexit: a guide for startups and small businesses


25/11/2016

BC-Growth-Hub-small

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 business landscape that is unfolding for 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: Wolverhampton Business Solutions Centre, Glaisher Drive, Wolverhampton, West Midlands

FREE to attend

You can register to attend here

Wolverhampton Business Solutions Centre
Glaisher Drive
Wolverhampton,

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