Moving your business is usually a mandatory move, usually due to the fact that you’ve outgrown your current market, outgrown your current workspace or simply found better conditions elsewhere. Unless you enter this process with a steady and reliable game plan, you might end up paying more, earning less and stressing yourself out as a bonus. On the other hand, if so many other entrepreneurs manage to move their businesses day in and day out, how hard can this be – especially for someone who can learn from the experience of others rather than using a costly and outdated trial-and-error technique? Here are five things you absolutely must know.
Check the difference in price
The first thing you need to understand is that the difference in the price of the rent stands as the first factor you should check. Moving to a more prestigious location costs more, same as moving to a bigger workspace. Moreover, the rent is not the only thing you’re going to have to consider when moving. Different areas and office sizes pay different utility bills, among other things. Seeing as how this is a monthly expense, it’s something that will affect not just the move but the future of your business as a whole.
The minimal move
In order to reduce both the cost and turnaround, you would do well to consider the minimal move. This means that you should avoid a move to a distant city if there’s a possibility to simply move across town. Moreover, moving to a different city is preferable to moving to a different state or country (let alone continent). Why? Well, first of all, because it causes a significantly smaller employee abandonment rate. Second, because the move will be less costly. For instance, when moving across town, simply packing all your equipment and transporting it is a no-brainer. When it comes to moving it all to another country, sometimes it’s more cost-efficient to simply buy some inexpensive pieces of equipment than to transport them.
The next thing worth keeping in mind is the overall logistics of the move itself. By this, we mean opting for truck rentals and looking for cleaning services to tend to the location you’re leaving as well as your target destination. In order to ensure everything falls into place, you should take a picture as soon as you enter the new office so that you can make a comparison upon leaving the place. Aside from this, you also need to acquire enough packing materials like bags, cardboard boxes and similar items. Providing all of these in a sufficient number is a no small logistical fee.
When moving to a different location, you’re not just changing your office; you’re also changing your entire market, potentially even your customer base. This new start isn’t necessarily a bad thing, however, you need to be 100 percent sure that doing so is good for your business. The cost-effectiveness of a potential relocation needs to be confirmed before the actual move.
The change in more than just location
At the end of the day, you need to understand that every move comes with a slight shift in corporate culture. First of all, the work environment will be different, the market will change and even your staff (might) undergo a substantial change. All of this will affect your company as a whole, which is definitely something more than worth keeping in mind. After all, it’s often said that every office has its personality. The amount of light, the layout and the nuances when it comes to the color of the various elements are just some of the things that affect this. Needless to say, all of this changes when you relocate.
By keeping these five factors in mind, you’ll be able to rest assured knowing that you’ve picked the best possible spot for your future relocation, as well as that you’ve made a choice that you won’t come to regret. These two guarantees alone are more than enough to help you avoid the worst repercussions of a bad move.