There are several levels of hell that sterling could experience this week, all of which will affect the country’s army of SMEs in some way.
The uncertainties of Brexit will have sensible business leaders considering options and planning for all scenarios. Although the stakes are higher than usual, this approach shouldn’t represent a departure from the norm.
Superdry founder Julian Dunkerton is waiting on the outcome of a shareholder meeting to see if he can come back as a director. The board is urging shareholders to vote against his reappointment, and considering that his last year of power at Superdry coincided with poor sales, are they right to do so? It also begs the question, when is the right time for a founder to step away from a company, and what can other entrepreneurs do to ensure they know when that right time is?
The ability to bid for and secure public contracts has, for a long time, been in the hands of larger companies. A new government initiative hopes to give SMEs more of a chance, but will it do enough to change the unequal bidding landscape for good?