Blog

Business Confidence and the EU Referendum
by Peter Fleming

With the current EU Referendum poll predications 45% for stay, 43% for leave and 12% undecided (06/06/2016, FT) the one thing we can guarantee is that the hype from both camps will get even more ugly and it will dominate the news headlines continuously over the next two weeks.

So as a business owner, if you are finding that sales are slowing or key business decisions are being delayed due to the uncertainty, the next couple of weeks may be an ideal time to spend working “ON” your business.

Some areas you should focus on to carry out preventative maintenance on your business are;

1. Review trading for the first 5 months of 2016, are you on plan? 

2. Consider updating to an online accounts system

3. Stay in touch with your customers 

4. If you carry stock, now might be an ideal time to carry out a stock check or audit

5. Keep in touch with your suppliers 

6. Hold employee appraisals

7. Send staff on training events and workshops

8. If you have productive staff standing idle, is there internal jobs they could be doing?

9. Get out networking

10. Finally don’t reduce prices to obtain or increase sales!

No matter what the outcome is on the 23rd June and whichever way the wind blows, keep your ship sea worthy and staff match-fit so you can adjust your sails quickly. There may well be a positive bounce in business opportunities during the second half of 2016, which you wouldn’t want to miss or not be able to capitalise on.

Oh and by the way we also have the UEFA Euro’s to contend with from the 10th June, which can and will be another distraction!

To read more on what you should be focusing on during this tough political time, click here to read the full article.

 

“You can’t control the direction of the wind, but you can adjust your sails!” – Jimmy Dean

 

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close