As every year passes, the pace of change increases immeasurably. Seemingly well-established businesses can, with a sudden change of events, be prone to factors that can threaten their very existence. Yet such changes can provide agile and responsive businesses with considerable opportunity.
Privately owned companies, entrepreneurial and family businesses are the powerhouse of the UK economy and face unique challenges in adapting to the sheer volume of change coming their way, whether that be through technology, taxation, people-related or as a result of Brexit.
The real skill is balancing the competing demands on their time and energy, while enabling the business leadership to allow these changes to add value to the business, not simply viewing them as hurdles to overcome.