It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead. It has become something of a tradition, given that we’ve been doing this now for over 30 years.
While none of us possess a crystal ball, it is uncanny how accurate some of these forecasts have been over the years.
Here, Business Link catches up with Ian Phillips, Deputy Managing Director of Duncan & Toplis
As 2019 draws to a close, the new year is just around the corner and 2020 looks to be an exciting year for businesses in the East Midlands.
Next year, Duncan & Toplis will be celebrating 95 years of business in the region. During that time, we’ve seen the extent to which businesses have adapted to the challenges they’ve faced and, looking ahead to 2020, we look forward to seeing many more adopting the ‘adapt to succeed’ mentality.
All businesses need to look inwardly as well as outwardly in order to adapt to challenges that we face in this ever-changing world. Business confidence needs to hold strong, as leaders ready themselves for whatever the future holds, particularly regarding Brexit.
We’ve seen the farming industry adapt to change in the most extreme circumstances this year and they’ll face more change in the next year. After the flooding across our region, farms will face a tough few years as they look to recover from the recent deluges. However, like many other industries, farming and agribusiness will show its capability to adapt and modernise as it has done before, so I’m confident that they’ll pull through.
Change isn’t always easy but being able to adapt in the face of change is essential. Who can remember life without computers- and who can think of life without one now?
Change is a challenge but in adopting a change mentality, businesses will find they adapt to explore new opportunities for future growth which, in turn, will be the bedrock of tomorrow’s successful business.