Being self-employed means having a lot of responsibilities that you need to deal with. Effects of Brexit on Self Employed businesses can really be a really big problem. If you have a small business you may feel like Brexit can make your business begin to fail. Brexit can affect small businesses in many ways, such as losing customers due to costs, due to actually getting the materials to make the items and many more reasons.
Effects of Brexit on Self Employed Businesses that Sell Clothing Online
Having an online business can be practical as you can work from the comfort of your own home. However, the effects of Brexit can make it hard to maintain an online business. If you have an online business for selling clothes it can cause you to need to charge more for getting stock from countries in the EU. You may also need to charge more for the items on your site due to paying higher costs for shipping. This can result in the loss of customers as they will use other sites that cost less money. If you need to charge more money to deliver to the EU then it may lose a lot of customers from countries in the EU due to the costs for shipping.
Effects of Brexit on Self Employed Businesses that make their own Items
If you run a business and make your own items then you could lose out on a lot of customers and money. If you need to purchase materials for places in the EU then you could be charged more making you need to charge customers more money. Due to extra charges, customers may begin to look elsewhere for the products to be sold at a cheaper price to ensure they don’t need to pay more than they need to.
Other Ways Brexit may Effect Self-employed Workers
There are also many other ways that Brexit can Effect Self-employed workers. If you have your own business and it is for things with a high demand then the extra prices may not affect your company. This would mean that you would also be able to get more money as people would need to pay extra to get it. There are many different countries across the UK and the EU which would make it more profitable for smaller businesses.