Bracing for Impact: Post Election Strategies for Small Cap Executives
Whether Harris or Trump wins, a new administration has the potential to introduce sweeping policy shifts that could reshape the business landscape. Small-cap executives should start preparing for possible changes in a number of areas including tariffs, sanctions, tax policies, and global treaties that could directly impact their strategic planning and operations. Here are three key tips for assessing potential risk and maintaining a resilient strategy for the next presidential term:
Scenario Planning for Policy Changes: Prepare for either outcome by mapping out scenarios for potential policy changes. Assess how changes in tariffs, sanctions, and international alliances might affect your supply chain and trade networks. This proactive approach will help your leadership act quickly, mitigating disruptions.
Re-evaluate Tax Strategy: With the possibility of revised tax policies and new enforcement priorities, conduct a thorough review of your current tax strategy. Ensure that your financial plans account for possible changes in tax rates, credits, or deductions to stay compliant and protect your bottom line.
Strengthen Compliance and Risk Management: Align your compliance framework to anticipate new regulatory enforcement areas. Strengthening this now will help your company remain resilient and prepared for swift policy changes that could impact operational and financial stability.
