• Home
  • Blog
    • Business Partner Magazine Archive
  • Free Contests and Giveaways
  • Resources
  • About Us
    • Cookie Policy
    • Disclosure Policy
    • Privacy Policy
    • Terms of Website Use
  • Contacts

Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

  • Business Success
  • Marketing
  • Finance
  • Employees
  • Technology
  • Start-up
  • Productivity
  • Communication

Brexit: Accepting the Inevitable

October 31, 2019 by Malik Muhammad

Click here to get this post in PDF

Too long to read? Enter your email to download this post as a PDF. We will also send you our best business tips every 2 weeks in our newsletter. You can unsubscribe anytime.

Enter your NameEnter your Email Address
Blue and Yellow EU flag flying outside gates at Downing Street London - Brexit

Brexit, the coined term that represents all matters concerning Britain’s exit from the European Union, will directly impact your business wherever you are based in the global economy. British based businesses must directly adjust because sterling is the primary trading currency and globalisation guarantees that the relative strength or weakness of sterling will affect how businesses compete in terms of exports and on the stock market. It is prudent, therefore, that all businesses accept the reality of Brexit.

Britain will leave the European Union, so the issue is more about when and how rather than if or why. Reinhold Neibur is the American theologian credited for having written the Serenity Prayer.  If one may sensitively adapt aspects of the opening paragraph; he speaks of the value of accepting the things one cannot change, the courage to change the things one can and the wisdom to know the difference (between the things one can change and the things one cannot). Brexit is one such thing that cannot be changed.

Acceptance is the first step and most rational way to help your business think critically about your market share, review your internal system preparedness and create opportunities for growth. Acceptance will influence your company strategy as you navigate any global changes in your industry as a natural repercussion of Brexit.

Building your inner focus is another step that is useful considering the inevitability of Brexit. You know why you started your business. You know why you are managing or working for your business. You know why you are trading in particular markets/industries or regions.

This is the time to zero in on opportunities that will inevitably arise and in this sense the early bird catches the first worm. Strive to attend seminars and subscribe to intelligent publications about business, network within your industry plus invest in your team and keep up to date with the political discourse concerning Brexit.

Compliance is the final concept that is suggested for your consideration. Ensure that your business is up to date on the laws, standards and regulations that come with Britain’s exit. You are reminded that this applies whether or not you are based in Britain because globalisation affects all businesses. Some of the practical ways to raise your awareness and solidify your preparedness are visiting websites such as www.gov.uk/brexit, businesspartnermagazine.com and iod.com.

Acceptance, building your inner focus and compliance are three strategies that will benefit your business to navigate the changes that Brexit will bring to the global business landscape. You have already experienced shifts in your industry such as the challenge of the cost-effective tactics in emerging markets, the perceived threat of artificial intelligence and shifts in consumer spending habits. Brexit is another such change. This may be either the best of times of the worst of times depending on your approach. Remember you have the wisdom to take the strategic actions to make the difference for your business.

You may also like: Is Brexit Profitable for Traders

About the Author

Malik Muhammad

Malik Muhammad was raised and educated in Jamaica, read law in London and the author of ‘Empower Yourself to Succeed’. He created The Empowerment Mastery System to influence, help and inspire businesses to cultivate their visions in a specific time frame. Malik enjoys vegan cooking and quad biking. He is an after-dinner speaker, event host and convenes empowerment seminars internationally

LinkedIn |  Instagram | Twitter | Website

Filed Under: Business Success Tagged With: Brexit, business success

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Disclosure

We earn commissions if you shop through the links on this page.

Recent Posts

  • Swiss Banking and Montenegro Business: The Global Entrepreneur’s Guide
  • Tamper Proof Packaging: Safeguarding Your Products and Brand Reputation
  • Unlocking a Secure and Unconventional Retirement: Insights from an Expert’s Book
  • Things To Consider When Opening Your First Business Office
  • What You Need To Know Before Installing a Lift

Categories

Archives

Make Money Online – Free Course

  • Discover All The Shortcuts To Affiliate Marketing Success
  • Find Out How To Fill Your Site With New Leads And Customers
  • Discover How To Turn Your Passion Into Profits
  • Learn How To Write Copy That Gets Results Fast!
  • Discover How To Create Promote & Sell Your Own Products Online
  • Everything You Need To Know About Marketing Money Online
  • Strategies For Successful Web Entrepreneurs Inside
  • Discover How To Invest Smarter Grow Faster And Retire Rich
  • Email Marketing Strategies For Marketers And Entrepreneurs
  • Free training reveals how to build a successful six figure income online
  • Discover The Mindset Hacks You Need To Succeed
  • Free Marketing Memberships – Make Money Online

    Make money online free marketing memberships

    Tags

    Accounting apps bitcoin brand business growth business skills business success communication cryptocurrency Customer Service Data design Digital marketing ecommerce Efficiency employees Featured Article finance finances Health and Safety infographic insurance Investing investment legal legal tips Management Marketing marketing strategy Outsourcing productivity property Real estate sales security SEO Social Media software starting a business startup Technology Trading Training website workplace

    Disclosure

    We earn commissions if you shop through the links on this page.

    Digital Marketing Agency

    ReachMore Banner

    Business Partner Magazine

    Business Partner Magazine provides business tips for small business owners (SME). We are your business partner helping you on your road to business success.

    Have a look around the site to discover a wealth of business-focused content.

    Here’s to your business success!

    Copyright © 2023 - Business Partner Magazine·