Insights
Adapting to Changes in Government Policy: Key Considerations for Doing Business in 2025
Posted January 31st, 2025 in Articles
While just about everyone expected some significant changes in how the federal government conducts business when President Trump took office for the second time on January 20, 2025, few expected the speed and scope of the changes that President Trump put into place during his first two weeks in office. From immigration policy to policies governing federal communications and funding, a wide range of sweeping changes are causing major disruptions for a wide range of businesses.
5 Key Considerations for Doing Business in 2025 (and Beyond)
Given that more significant changes are expected, what can—and should—businesses do to protect themselves? Here are five key considerations for doing business in 2025 (and beyond):
1. Monitoring is Essential
Going forward, for many businesses, it will be essential to monitor for new changes in government policy on an ongoing basis. As we move deeper into 2025 and then even deeper into President Trump’s second term, even significant changes are likely to receive less publicity. As a result, it will be up to businesses to ensure that they identify all relevant changes and adapt as necessary.
2. Nimbleness is Required
With more significant changes expected in the months and years to come, nimbleness is going to be required. Businesses will need to be prepared to cope with significant changes at the federal level, often on extremely short notice.
3. Risk Mitigation Needs to Be a Top Priority
In this same vein, risk mitigation needs to be a top priority. Going forward, businesses will need to be able to identify and adapt to changes in order to avoid unnecessary exposure to litigation. Some businesses may need to go into “survival mode” much more often than they have in the past, and all businesses will need to prioritize compliance.
4. Opportunities Will Present Themselves
While sudden and significant changes in government policy will present risks, they will also present opportunities in many cases. Businesses that are able to identify and leverage these opportunities while also giving due consideration to risk management and compliance may well be able to put themselves at a significant competitive advantage.
5. Informed Decision-Making is Critical
From managing risks to seizing opportunities in times of uncertainty, informed decision-making is critical. Far too often, when challenges arise, businesses find themselves paralyzed by indecision. Of course, when limited information is available, making informed decisions is not easy. In this scenario, the key is to rely on the available information and insights to reach sound conclusions—while remaining prepared to address new changes as necessary.
Schedule a Call with a Business Consultant at Mithras Investments
Do you have questions or concerns about how your business can adapt to changes in government policy going forward? If so, we can help, and we invite you to get in touch. To schedule a call with a business consultant at Mithras Investments, give us a call at 305-517-7911 or tell us how we can help online today.
