The Business Owner Magazine - November 2020

Page 18

How we deal with as business owners

It goes without saying that 2020 has been an extraordinary year; the events that transpired are a once in a lifetime occurrence and the effects of this have been far reaching. At the time of writing, the UK economy was predicted by the IMF to contract by 10.4% this year - an astonishing figure - but one that will have far reaching lessons for business owners both now and in the future. Added to this is the additional unknown of Brexit and how that may or may not affect the economic power of the country. However, we are business owners, entrepreneurs, the intrepid, the hunters and we look for opportunities at every turn doesn’t mean we don’t worry though. So, how do we deal with uncertainty? We asked a selection of our subscribers how they have dealt with, managed, planned, tested and predicted changes in the market, economy and society to get their take on what is going on and how they are moving forward. We took the essence of these chats and created this Top 10.

...I’d say diversifying into other markets is a safety net if you can make it work.


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