Mushroombiz Insights

With feelings of uncertainty and lack of control at the moment, what can UK businesses do?  Trade with Europe offers UK businesses the chance to ‘remain’ by establishing a business for them in Europe, similar to a GMbH or BV company.

The biggest threat to global economic stability is what is happening in the US. Bank of America recently released their analysis giving a likely scenario of 10% GDP contraction over 3 quarters with 47 million unemployed workers. At present they do not have anything like the Coronavirus Job Retention Scheme. The UK Office for Budget responsibility predicted a 35% contraction and 2 million unemployed.

Outsourcing can be a big decision, especially when you’re just starting out. At this point you want as much as possible as close to your chest, feeling in ‘control’. At this stage, your company is like a child or a small plant; you are responsible for growing and nurturing it. We get it. Avoiding Cheap and Risky In the beginning, the non-income generating functions of your business are often done as cheaply as possible but often carry the highest risks. When you are running your company and you’re in your first couple of years it is highly unlikely that you...

Businesses who have started exporting due to the drop in sterling and following the referendum, their goods have become cheaper to other countries, so in this respect exporting is definitely blossoming.  However, if you are, for example a clothing manufacturer, importing your raw materials, then you would have been paying more money for these materials in the last two years. So there is a real risk.