For small businesses, it is often a goal to expand globally especially if the brand is starting to gain more international recognition. Why? Because businesses should aim for something bigger. Every successful company was once small and that fact should be in the forefront of the small business owner to help them to dream big.
If you are up for the challenge to expand and get your business out of its comfort zone, where would you put another branch? In this article, we hope to convince you that having a base in the United Kingdom for your product/services is a need rather than a want, even after BREXIT.
BREXIT is short for “British Exit” and is a word coined when the United Kingdom left the European Union (EU). Basically, the EU is composed of 28 European countries that trade with each other and allows their citizens to move freely across the member countries. Thus, the EU is established for easier prosperity among European Countries.
Now what could happen to businesses in the UK if they aren’t part of the EU anymore?
- Lower real estate prices as there will be a decline in consumers’ demand for housing.
- It might be hard to believe but corruption in the UK will be reduced. Moreover, there will be increased government accountability as it will be harder for people to offload complaints onto the EU without a UK political representative. Thus, the government will have access to the single market and determine the rules independently.
- Overcrowding will decrease and will help Human Resources to sort and find the right people to do the job. BREXIT aids unemployment for UK citizens.
- Help reduce tax because the UK government would not be compelled to pay at least 7 billion pounds for membership.