Financial things to consider when moving office
Moving office is a major financial commitment that requires careful office move budget planning and clear financial management.
Keeping track of your finances during an office move is not just a necessary responsibility, but a gauge for the success of your office move. A tightly kept office move budget will stop your business from spiralling out of control when moving expenditures start to go out and it will also help you to adhere closely to your moving timeline.
Whilst an office move may get you in to a cheaper and better office space, the costs associated with an office move can end up being more than you'd bargained for. The Moving Office Budget Template is the ideal way to identify, record and manage your moving office costs. Make sure to update your budget on a regular basis – it should be a working budget and an active document for the course of the moving process.
One of the largest costs to consider will be your office occupancy costs such as rent, business rates and services charges as these will be your main outgoings for the future. One off costs should be factored in to include property related expenses such as office fit-outs, Stamp Duty Land Tax, dilapidations and your rental deposit. Create target budgets for office relocation advisory fees and office removal costs, and get 3 quotes to help you choose the company to work with. Soft costs can be easy to overlook, and any employee recruitment or redundancies should also be taken into account.
Get your free Moving Office Budget Template here and start planning a money-savvy office move!
