SME’s face uncertain times in the coming year with the growing threat of Brexit and the many changes both in the UK and overseas. These fast-paced times look set to impact the world of business in significant and far-reaching ways, calling for proactive and informed companies ready to rise to the challenges. In this blog, we’ll look at some of the key actions which will help small to medium-sized companies safeguard what they have already created and continue to build on this progress in 2018.

Embrace flexible working

More and more employees are making the switch to freelance, with the promise of flexible hours replacing the traditional 9-5 at a growing pace. Companies can retain top talent by embracing key elements of the freelance lifestyle whilst still offering the security of a full-time job. Incorporating flexi-time and rewarding employees for their achievements, as opposed to the hours they’re in-office, could benefit your business significantly this year.

Monitor Brexit carefully

Every small business owner has heard about Brexit and many are beginning to realise it could have a big effect on their companies. However, it’s important to remain positive and open-minded, which is made simpler by understanding all of your options – and the potential hurdles – in a post-Brexit business world.

Watch out for new regulations

2018 will see a massive rollout of new regulatory rules, and for many businesses this will involve fundamental changes to the way they do business. Making sure you meet the standards required to trade can be achieved by scheduling a time every week or month to review your own progress, helping you keep on top of the latest deadlines.

Boost your tech strategy

Tech takes centre stage in 2018, whether that’s through the growing dominance of artificial intelligence across industries, or the looming threat of cyberattacks. Ensuring your tech strategy is bulletproof will help you to fight off the dangers and make the most of the possibilities, in 2018 and beyond.

Relish small achievements

As the saying goes, Rome wasn’t built in a day – and business success can take months and years to show. The start of the year can be dispiriting, but incorporating time for celebration with your SME team helps to ensure consistent motivation, as well as rewarding great work. Consider a monthly celebration to help take stock of what’s been accomplished and move on, refreshed for the challenges ahead.