The challenges, pitfalls and potential solutions bosses should consider when thinking of business expansion in Europe post-Brexit.
For those not quite at this stage, perhaps 2018 is better used looking at the business and how to make it “overseas expansion ready” in order to make 2019 or 20 the year when it’s truly elevate. Indicating business efficiencies is a key element of driving success within existing efforts but this also helps in demonstrating the potential for an SME to move to the next level where expansion (in the UK or indeed, overseas, is concerned). This comes down to measures like ensuring supplier relationships are properly managed in terms of spend and consolidating requirements down to the fewest suppliers possible. However, internal measures that drill down the day-to-day costs are always needed, an example of such measures is the use of vehicle tracking devices for employees out on the road, as these are very effective and also demonstrate that employee safety and well-being is proactively being monitored. While nothing in life that is worth getting comes easily, it seems like the current business landscape is ready for expansion, at least for SMEs – the expected uncertainty caused by the current Brexit negotiations actually represents an opportunity for SMEs to forge new relationships that are not as dependent on exiting the EU in terms of tariffs and taxation. So, in conclusion, go forth and conquer! Chris McClellan is CEO at RAM Tracking
John Savage has big plans for his heating and plumbing business but has hit a road block when it comes to finding the requisite people to hire, a recruitment headache he’s hoping won’t persist.
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