Relocating your business may sound like a daunting and potentially expensive task, but it can actually prove to be cheaper and even facilitate business growth in the long-term. In the current financial climate, more and more businesses are starting to feel the need for relocating. In this article Removal Services Scotland examine the benefits of relocating your business – both internationally and internally in the United Kingdom. Each have their own advantages, so let’s take a look.
Relocating Inside of the UK
Financial Benefits
If your business is currently located in a city, relocating just outside the city and into the suburbs will result in lower office rental costs and lower utility costs. If your business relies upon its city connections, simply moving closer to a major client or a steadier stream of potential customers could dramatically increase sales. With the lower rental costs from moving outside of the city, you will be able to invest in other areas of your business.
Your Better Suburban Business
Suburban office developments often provide great additional space for your business. This can be found in both internal floor space and external grounds. This increase in business space can often have a positive effect on employees working there – suburban office developments tend to offer areas of relaxation within the grounds such as grassed and decked areas.
Attracting Employees
You will want to be able to attract the best employees for your business. When unemployment is high employees place less importance in where they work. When unemployment is low they have choices and will be drawn to the companies that are located in a more convenient and appealing location. If you are struggling to find employees with the right skills and training, it’s worthwhile relocating to gain greater access to this employee pool.
Parking
If your business is currently located in the city, you and your employees may find car parking troublesome and costly. In fact some city councils are even testing charging a ‘parking levy’ for each space an employer provides. When relocating, it is important to have parking in mind, as this will allow any visiting clients the convenience of simple parking – deliveries and collections will also need to be completed without complications.
Relocating Internationally
Labour Costs
The cost of paying your workforce will undoubtedly be your greatest expense, and businesses are continually relocating overseas, as most workers in international countries will work for less pay than their UK counterparts. This is due to a much lower cost of living in that country.
Taxes & Friendly Governments
Many countries, especially in the Middle East and Asia, are attempting to attract businesses by offering them low tax rates and a friendly welcome from their respective governments. The regulations in some of these countries are lax – and if you’re a manufacturer, you will often see a much greater level of leniency than you would in the UK.
Employee Talent Pools
In the Far East and Asia there has been a sharp increase in educational standards, with a higher number of college graduates than ever. With an unprecedented number of engineers and designers graduating, there is an opportunity here for businesses to hire cheaper and skilled employees when relocating internationally.
Whether you’re considering relocating your business ten miles or ten thousand miles, you must ensure that this is an entirely worthwhile venture and all related challenges are prepared and accounted for. Relocating a business is a complex and time-consuming process with the potential to take your business to a new level of profitability and company outlook. If you have any questions regarding this article, please leave a comment below and we’ll get back to you.
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