You'd be stupid not to have a Plan B if Brexit goes bad - so what is it?

[tomtomagain]

We're all contractors and small businesses and plan for the future, right? So it would be wise to have a plan B if Brexit goes bad, without question. What's yours?

I priced my software in $$$ . I did from day one, because everyone understands the dollar. Especially Americans.

Sales split is roughly 40% US ( inc Canada ) 30% Europe 15% Australia ( inc New Zealand ) 10% "Other" ( Middle-East, Africa ) 5% UK. So I don't feel particularly dependent on the UK economy.

I sell 95% of the software through an American reseller ( who take 5%, but handle license key distribution, renewals, and payment processing ). This means that my customers ( 30% are European ) technically buy it from a US company, to whom I am a supplier. So that should mitigate any "tariffs". Not that there seem to be any on software.

I host the SAAS version of my software in Western Europe ( in Amsterdam ). So technically the code and client data reside within the EU. So that should help with any "data sharing" issues. I could deploy an instance into the UK to support UK customers if required, but I'd rather deploy an instance into the US - technically it's easy enough but would obviously up my hosting costs ( although to be honest that's not a big deal ).

Other than that I don't have any European competitors. I have a Russian and American one. So I'm not overly concerned about EU businesses getting all protectionist and running a buy-EU campaign.

A bad BREXIT for me is the pound strengthening. If it collapsed and there was wide-spread unemployment amongst IT staff I'd take the opportunity to increase the company size. Managed to do this just after the BREXIT vote.

If you want to prosper I think you need to be a maker and not a consumer. And if you can be a maker with an international outlook then so much the better.

[AtW]

At this point bad Brexit looks like a very good, very unlikely option...

[squarepeg]

Two additional income streams independent of my geographical location. If one of them gets to the level of my main income stream (looks like it might) I'll be alright. Also, I have an EU passport, which I think gives me free access to the European market.

[Fronttoback]

Smoke and mirrors here To

I priced my software in $$$ . I did from day one, because everyone understands the dollar. Especially Americans.

Sales split is roughly 40% US ( inc Canada ) 30% Europe 15% Australia ( inc New Zealand ) 10% "Other" ( Middle-East, Africa ) 5% UK. So I don't feel particularly dependent on the UK economy.

I sell 95% of the software through an American reseller ( who take 5%, but handle license key distribution, renewals, and payment processing ). This means that my customers ( 30% are European ) technically buy it from a US company, to whom I am a supplier. So that should mitigate any "tariffs". Not that there seem to be any on software.

I host the SAAS version of my software in Western Europe ( in Amsterdam ). So technically the code and client data reside within the EU. So that should help with any "data sharing" issues. I could deploy an instance into the UK to support UK customers if required, but I'd rather deploy an instance into the US - technically it's easy enough but would obviously up my hosting costs ( although to be honest that's not a big deal ).

Other than that I don't have any European competitors. I have a Russian and American one. So I'm not overly concerned about EU businesses getting all protectionist and running a buy-EU campaign.

A bad BREXIT for me is the pound strengthening. If it collapsed and there was wide-spread unemployment amongst IT staff I'd take the opportunity to increase the company size. Managed to do this just after the BREXIT vote.

If you want to prosper I think you need to be a maker and not a consumer. And if you can be a maker with an international outlook then so much the better.

This is a long advert for your lucky number generator webpage that you are targeting at Chinese farmers. You know, the one where the user clicks "generate" and is given a lucky number for the measly price of 2c (USD).

You have a free hosted HTML webpage (SAAS), it's on all demo account web servers that you could find globally (you're international!). You have an army of students translating that page into foreign languages (global reach, nice). You are thinking about learning how to put it in an android app using "android for dummies" (embracing new tech- you're a startup!), you can take your 2c payments via PayPal (multi currency - sophisticated!).

Soon you will have passed the 2 pound profit mark. Sterling strength would hit you hard- you'd have to delay reinvesting your profits (getting a child to redesign your HTML during half term for a fiver- to suppress all the pop up adverts).

[Fronttoback]

Smoke and mirrors here Squarepeg

Two additional income streams independent of my geographical location. If one of them gets to the level of my main income stream (looks like it might) I'll be alright. Also, I have an EU passport, which I think gives me free access to the European market.

So you've inherited a bedsit in Warsaw and you have managed to get your hands on a council flat in East London?

Now when you get brexited and return to the mainland from whence you came- you will rent both those flats out and work from home in Romania on the generous incomes?

[WordIsBond]

My Plan B is to start a new business providing hit men to take out Internet trolls. It's likely to have international appeal.

The hit men won't have to be paid as much as normal because the risk of prosecution is low -- they can always enter a plea of "justifiable homicide."

[NotAllThere]

...Money doesn't grow on trees, contrary to popular belief.

Until May adopts the leaf as legal tender.

[sasguru]

As for me:

Plan A: Carry on as I am, working remotely for clients in Europe.
Plan B: Have applied for dual nationality
Plan C: Move abroad on a work permit, this is likely as there is shortage of my specialty and high demand
Plan D: If all else fails and its a 30s style economic depression, use up my son's inheritance which should see me into my 80s, if I live that long.

[diseasex]

Australia for me. gathering papers and moving for the time being.
Other than that eyeing jobs in dublin or simply carrying on as normal providing there are still contracts in my area until australia visa is granted

[Bee]

Plan A was to obtain EU citizenship.

Who will give an EU citizenship to a smelly Brexiter?