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Concerns around disruption are almost universal( 98 % express fears) yet just seven per cent of leaders have a plan to deal with issues which could arise over changes in government policy, legislation or factors such as cybercrime.
Over half of business owners are not being proactive – admitting they haven’ t thought about disruption or have thought about it but not done anything( 54 %). Many say they are waiting to see what disruption brings and then hoping to respond after the event.
National accountancy firm Haines Watts’ For Love Or Money study is based on interviews with 542 UK business owners, whose businesses are at least two years old, with a turnover of between £ 1 and £ 50 million. They have between ten and 249 employees. The research was conducted in 2017.
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The top three findings were:
• Disruption is a universal fear for South West business owners – 98 % express concern
• 7 % have a plan in place to address disruption
• Uncertainty over government policy and regulation tops the worry list with almost half( 49 %) of business owners concerned.
SMEs’ most common concern was government-related disruption, including legislation and regulatory changes. More traditional forms of disruption include competition from larger businesses entering the market( 45 %) and changing customer expectations( 31 %). One in five( 22 %) business owners say disruption makes them more determined and 22 % say it makes them more ambitious.
Mike Lloyd, managing partner at Haines
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Watts Swindon said:“ Brexit has distracted UK business owners from the very real threat of industry disruption. While fears around regulatory disruption are exceptionally high, business owners may not be concerned enough about the kind of disruption that will threaten their specific business model.”
“ It’ s hard to envisage exactly how threats like new technology could unfold but that doesn’ t mean preparation can’ t get under way. There are steps every business can and should take to prepare the ground for changes.”
Haines Watts Swindon is a firm of chartered accountants and business advisors based in Old Town, Swindon. They offer a variety of accountancy and tax planning services to owner-managed businesses, charities and not-for-profit organisations across the south west. The firm is part of the national Haines Watts network of offices.
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mlloyd @ hwca. com 01793 533838 |
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Wellington Barn is more than just an events venue – it’ s the perfect place for businesses to work hard and play even harder. Our spacious venue and grounds leave ample room for team building events or corporate away days. It’ s the perfect place to let your hair down at a company party, enjoy some luxury‘ glamping’ time or to simply use as a working retreat, so you and your team can take a break from the office and work in a beautiful, secluded environment perfect for getting the creative juices flowing.
The barn provides an idyllic location nestled in the countryside while still providing fantastic facilities and a range of flexible dining options to suit your needs. It provides a perfect meeting point for businesses around Bristol, London, Swindon, Oxford or even Southampton – with a convenient, easy to reach location that exudes professional style. Wellington Barn has been used to hold successful team building days to increase morale in the workforce, provided a neutral meeting place for boards or team briefings, and even as a flexible workspace that offers an open and
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relaxed environment, boosting productivity and promoting good mental health within the business.
Wellington Barn’ s director Keri Maundrell said;‘ We are extremely excited to be able to serve corporate businesses, and can provide everything from a boardroom or informal meeting space for 40 people to a team building activity event, with evening entertainment and a full dining experience included for 400 people. The businesses that come to us love our open space and the tranquillity of the barn – so they always go away feeling refreshed and full of ideas.’”
The barn is also perfect for Christmas party celebrations, dates are booking fast with prices from just £ 45 per person which includes our fully licensed bar as standard in every package. The space can be hired exclusively for your party or if your company is smaller, our Christmas party evening will be perfect, enabling you to buy as many tickets as you need. Please see the website to download our Christmas Party menus.
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For more info: www. wellingtonbarn. co. uk |
events @ wellingtonbarn. co. uk 01249 400014 |
@ welliebarn |
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18 THE BUSINESS EXCHANGE 2017 |