Many Irish businesses are using excuses to avoid planning for Brexit. I refer to them as excuses rather than reasons, because when challenged the reasons do not hold water. Here I am going to consider excuse no 1. I will address the others in follow on posts.
Excuse no 1 – There are too many uncertainties regarding Brexit so it’s not possible to plan for it.
Yes there are a lot of uncertainties when it comes to Brexit, but actually for the vast majority of businesses, the main risks posed by Brexit can be identified relatively quickly. Once identified, the best and worse case scenario can be quantified. This allows you to identify contingency plans and to priorities these plans.
Conducting risk assessments and developing mitigating action plans is a long established business (and indeed non business – ask a mountaineer) practice. It is a tool ideally suited to addressing the challenges posed by Brexit.
If this idea is new to you, or you want to find out more about the process you can contact me though LinkedIn or by email at denis@caseybusinessconsulting.ie
Many state agencies are providing financial assistance to help Irish businesses with the planning process. You are likely to qualify for this. Contact me if you want to know more about the financial supports available. #Brexit
By Denis Casey
Casey Business Consulting – results focused consulting
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