It’s that time of year, when Business Link Magazine invites readers to offer up their forecasts for the year ahead. It has become something of a tradition, given that we’ve been doing this for almost 35 years.
And, while none of us possess a crystal ball, it is uncanny how accurate some of these forecasts have been over the years.
Here we catch up with Russell Copley, Director, Greenborough Management.
“Anyone who is prepared to make predictions in an age of unprecedented economic and political uncertainty must be a fool or an unreformed optimist. I hope I’m the latter!
“Once the political decisions have been made in the next few weeks, and “the B-word” put to bed (in whatever shape that takes), I believe that businesses will start to increase their investment in innovation, technology and product development; further develop their staff and actively seek out the new opportunities that the revised economic backdrop will undoubtedly offer.
“Sadly, I suspect that there will be further big brand High Street closures as some of the larger companies struggle to adapt to the increasing pace of change in consumer behaviour. However, I believe that this year will start to see a resurgence in the High Street as more independents spring up to meet the demands of consumers who need to know the provenance of the goods that they’re buying. I also think that the High Street will start to see a significant increase in the number of new co-working spaces, with “pop-up” multi-use business units appearing in retail locations – enabling the generation of freelancers, “portfolio workers” and sole traders (those who block our coffee shops and hog the free wi-fi!) to be able to work in a professional, but flexible, business environment.
“More predictions? England winning the Rugby World Cup and Nottingham Forest promoted to the Premier League…or is that just wishful thinking?!”