Top 5 Things To Consider When Relocating Your Business
There are many reasons why you may decide to relocate your business to another location. It could be that you have difficulties finding qualified workforce in your current location or you want to be closer to your key customers. It is also likely that you just want to upgrade your facilities, reduce occupational costs or move to a location with better infrastructure and quality of life.
Whatever the reason, relocating your business is something you need to consider very carefully. Here are the main points that you should think about.
There is no rule of thumb as to how long business relocation can take. It all depends on the size of the business and the way the process is organised internally. It is good practice to appoint a person within the company, who will be responsible for keeping all departments informed during all stages of the relocation process. If you can afford to hire an external relocation consultant, this could also greatly facilitate many aspects of the relocation of you business.
There are many costs to be considered when moving your business to a new location and you should avoid focusing too narrowly on just a few of them. You have to do some careful research about the price of renting office premises in your desired location, the business rates that will apply to your company and the cost of business parking permits. You should also take into consideration the cost of living for your employees. You may find that you will need to adjust your staff remuneration in order to accommodate a potential increase in living expenses.
Moving all your tools and equipment to a new location can be a challenging task and you will probably need to hire several vans for transportation. There is also a good chance that you will need some business storage space where you can store your equipment while your new office premises are undergoing decoration, for example. Research the local area in advance to find office storage providers that offer competitive prices and convenient location.
If you need any assistance with your business relocation, contact us for a non-obligatory chat.