Relocating your business

Relocating your business requires careful planning.

At MRO Accounts we can provide businesses in the Hemel Hempstead area with advice and support on a wide range of business issues. This article includes advice on relocating your business.

One of the consequences of running a successful, growing business, is that there may come a time when you need to consider moving to alternative premises.

However, relocating your business necessitates careful planning. From choosing your new premises, to preparing your staff for the forthcoming changes, you must consider each stage of the process carefully.

Planning to grow

The first thing to consider is your reason for relocating. This is an opportunity to reassess the needs and objectives of your business. It may be a good time to introduce any other key changes.

Premises

When choosing your new premises you should keep in mind the reasons why you are moving. Make sure that the site does not only satisfy your current needs, but will also accommodate any future developments, such as further expansion. You should also investigate transport links, and the local job market, should you intend to take on any staff from the local area.

Costing

From solicitors' and designers' fees, to the potential trading time lost as a result of the moving process, you must have a clear idea of how much each part of the move is going to cost. Include the cost of carrying out any additional building and decorating work, installing telephone and networking access and security systems, and the price of new furniture or accessories, as well as the cost of updating your company stationery, vehicles and website.

Staffing

Announcing plans to relocate your business can raise feelings of anxiety among staff, particularly if you only intend to take part of your employee base with you. The issue must be dealt with sensitively. You may want to offer an incentive to your key employees, such as a financial package to assist with the cost of moving. You must also make sure you fulfil your legal obligations with regard to redundancy.

Contingencies

Think about each step of the process, and what to do should anything go wrong. Allocate the responsibility for key parts of the move to trusted members of staff. You should endeavour to implement the move as quickly as possible - perhaps over a weekend - so as not to impact on your trading time.

Relocation Tips

Locate at the most cost-effective site
This means considering the transport costs for raw materials and finished products, delivery performance requirements and the availability of labour.
Better working conditions mean better performance
The working environment affects staff morale and performance. It is worth investing in good conditions for your employees.
Consider remote working
IT and communications developments now mean that many people can save time commuting and do more work from home. But make sure you have good systems, teamwork and trust before you try this.

If you are in the Hemel Hempstead area and are looking for support and help from experienced accountants and business advisers, contact MRO Accounts.

What our clients say:

“Working with Melody is an absolute pleasure. She handled my accounts with complete unflappable professionalism and navigated her way thought the HMRC hoops. In my first year of business I was employed, unemployed and self-employed, all within 12 months - not a simple situation! And she does it all with a smile :)”

Thank you Mel, you let me get on with my job confident that my accounts are in safe hands

Dee Fagg, 3D-VA

“I have known Mel for 6 months and in that time she has managed to totally organise my accounts and make me company be more efficient, what used to take me a long time, takes her a very short time, she makes it seem easy and is able to make me understand what I should be doing and the easiest way of doing it! My accounting life is now so easy not a time to be dreaded!! Thank you Mel!”

Claire Lee, Venue Queen Ltd

“MRO Accounts have been very helpful in the early stages of getting my business started, with clear advice and guidance that has really helped me sort my finances out. MRO Accounts have always been very prompt and speedy in dealing with any of my queries, which is very important to me and gives me every confidence that I am dealing with professionals. I wouldn't hesitate to recommend their services.”

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