Brett Reasons to Be Cheerful

Brexit : Reasons to be cheerful ?

So we’ve gone and done it… (for now?)… I’m going to leave the hand-wringing, virtue signalling, and Brexit fear stuff to other people… and just see if there aren’t a few reasons to be cheerful for Owner Managed Businesses…

Let me pick some less obvious ones (I do try to work on ‘insights & angles’ in this blog after all)

1. Pricing Power…

The £ dives and the cost of imports skies… leading to inflation… not necessarily a bad thing after close to a decade of ‘disinflationary’ / deflationary pressures…

… and if the general expectation is that prices are going to go up… then you guys may find yourselves with pricing power you haven’t had in a while…

2. Access to Funding…

After the financial crash the Government & Bank of England did a great job of pumping liquidity into the system… problem is it took about 5 years to seep out to businesses like yours… over the last couple of years access to finance for SMEs has really improved, in part due to the new Fintech industry with fast & flexible funders like Funding Circle really helping out

… if the economy wobbles get ready for a wave of money as the Bankers (here & in Europe) try to keep the real economy on track & properly funded… this time it won’t take years for that cash to be accessible by the likes of thee & me… so be ready to have access to more money at better rates

3. Mergers & Acquisitions…

I know Corp Finance guys who are licking their lips right now… as barriers go up they see an increase in cross border M&A deals… and even before any barriers appear they think European companies will be busy ensuring access to our markets by buying UK Owner Managed Businesses like yours… so be ready for the phone to ring

So that’s 3 slightly odd positive takes on the Brexit issues facing SMEs…

There are other obvious ones like amazing Export Opps… with the £ being spanked our exports are way more competitive this week than they were last week… BUT I’m not out to produce an exhaustive list…

What I’d like to do is encourage businesses to leave the passion & drama back home infront of the tele… and flip your mind away from the risks (which are many and scary… and which will be pre-occupying your competitors too)… and ask yourselves are there any opportunities for you from Brexit?

Go on… I dare you…

(and here’s a link to an interview I gave on the Saturday after the vote… bear in mind I was there at Manchester Town Hall through the Thursday night of the count… spent all Friday in meetings pretending I’d had some sleep… and drank slightly to excess on the Friday night… so being interviewed on the Saturday a.m. was not a lot of fun)

Brexit Bits for SMEs interview