Pick your new place wiselyLocation, location, location. There really is no need to say this three times, but the fact is, business rates and costs, ease of travel to clients, proximity to the airport and of course living standards – they all must meet the needs of the business and those working for you. Get one aspect of your location wrong and live with it for a painfully long time. If an area’s cheap, check the crime rate there, or just investigate the reason why. Make sure your people can live nearby, without a commuting hell to navigate.
Take advice from local expertsThe people who can really help you are already over there. Consider getting some partnerships going within the local area that you are moving to. Start off some relationships and know which suppliers to your business can be substituted with minimum disruption. You’ll need to expand your network, get to know who’s who in the area and who can and will help you succeed as a venture in the region. It may feel like the business is starting from day one again and let’s face it, despite your existing relationships, reputation and trade partners, this is for all intents and purposes just that – starting over.
Language barrierWhilst shouting English slowly is considered international diplomacy by many Brits, it really does pay to learn the lingo of the host country – obviously. When you are moving several employees then it might be worth providing a crash course prior to departure. If the business is trading with Europe or a European country, hence the move, then this may not be a big issue but there is a big difference between doing business with a European country and actually living and working there. Whilst English is often considered the default universal language of business, it’s not only a bit rude not to try, it could also impact the business when in situ. There are differences too in tolerance and use of English. The Netherlands for example really does use English as a second language but other countries might not.
Insure the lot of themMoving a business abroad, along with the workforce, means thinking about insurance. Today the whole workforce can get cover in a policy. Expacare, who look after International Private Medical Insurance (IPMI) for corporate clients, for example, indicate that there are policies that can cover as little as one person to an unlimited maximum amount in the workforce. Unless the profession is particularly hazardous, there will be no need for each employee to submit medical evidence either, which is one less hassle to worry about. If you are seriously thinking of relocating to an EU country in light of Brexit and moving a business abroad, you’ll already know that this is potentially the biggest decision for your business you could make. Plan it well, consult with everyone and make sure you don’t lose too much of your talent on route to the new country. Richard Forsyth is a freelance business writer Image: Shutterstock
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