To examine the effect of the post Brexit influence on small business owners’ (SMEs) and their expectations

Student, A. (2017) To examine the effect of the post Brexit influence on small business owners’ (SMEs) and their expectations. Undergraduate thesis, University of Chichester.

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Abstract

This research project aims is to identify what are the critical areas of concern are for small
business owners after the post Brexit referendum. Additionally, to give supported
recommendations as how to cope with economic uncertainty such as Brexit.
The literature review explores the topic of Brexit, as well looking into other instances that
created economic uncertainty such as the Great Recession of 2008. It will recognise the
financial management strategies that SMEs use in times of uncertainty, whilst making
comparisons with how business coped in 2008. The study therefore aims to establish the
best financial management strategies for SMEs to cope with Brexit.
The data was collected using an online survey research method, using Bristol Survey as the
platform. The participants accessed the online survey through websites such as Linkedin &
Facebook, as well as using the Chichester Chamber of Commerce to access more responses.
The data was collected for this research project between 13th of March – 28th of March
2017. The researcher received 44 participants, which varied in size from micro entities to
large SMEs. The data was the analysed by the use of bar charts, pie charts, thematic coding
& cross-tabulations.
The research supported academic literature by concluding financial management strategies
that SMEs use in times of economic uncertainty, such as Brexit. The research found that
47.7% of SMEs that participated had already felt immediate effects caused by Brexit. It also
established that SMEs in different sectors use different financial management strategies to
cope with times of economic uncertainty.
The key findings from this research combined with existing literature on the subject area
allowed the researcher to provide a set of recommendations for SME owners to influence
how they cope best with Brexit.
The conclusion of the research projects shows nearly all SMEs that participated have
financial management strategies in place, should it be a hard Brexit.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Departments > Business School
Undergraduate Dissertations
Depositing User: Gail Graffham
Date Deposited: 07 Sep 2018 13:03
Last Modified: 07 Sep 2018 13:03
URI: http://eprints.chi.ac.uk/id/eprint/3676

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