For many business owners and managers not yet directly impacted by Brexit it might feel just like a migraine that’s always there. Not too painful yet and you assume it’ll pass in time without causing you too much distress.
Unfortunately, that’s unlikely. This is not like Y2K. Remember that? For those who weren’t around in late 1999 it was when we were told that unless all computer and IT systems were upgraded critical pieces of everyday technology could crash with disastrous consequences. Thankfully this didn’t happen and many business people felt a bit misled by having to spend money, possibly unnecessarily on upgrading systems.
Brexit at this stage poses real threats and serious cost increases to many Irish businesses. Potential blockages and inevitable delays in materials being shipped from EU countries through the UK will be one such consequence.
Some pertinent points that might affect your business:
But, unlike Y2K help is available in the form of a Strategic Plan to help businesses likely to be affected by Brexit. This is in the form of a 50% payment to assess the impact and draw up contingency plans to help businesses mitigate the worst effects of Brexit.