By: Sean Zharfati
Many businesses come to the point where they must make a crucial decision: whether to move to a new location or stay put.
The reasons for making a business relocation can be manifold: the current venue no longer accommodates the size of the business; a business is ready and able to move to a more popular location that will aid in growth and/or sales; a company in the process of downsizing no longer needs its current lavish accommodations; and the list can go on.
Whatever the reason, once a business has decided to make the move, it is vitally important that a business owner take into account several things, to ensure that the right decision is made in terms of when, how, and where to make that business relocation.
Do consider the drawbacks
Moving business may make it harder for customers and suppliers to find them. A proper plan should be put into place that ensures no loss of business, and that no delays ensue from supplies not reaching the new location in time.
Another factor to consider is that moving business can be difficult for employees who must adapt to their new employment settings. Even if staff members will now have a shorter commute, there is a high level of stress involved in making a change such as business moving. This should be looked at in advance from the standpoint of relieving as much stress as possible.
Do take into account the cost of moving
This will include physically transporting the office furnishings and supplies to the new location, dealing with communications and other infrastructure changes, creating all new documents, from business cards and stationary to brochures, signs and advertisements, and lost days of business during the business moving itself. All of these must be properly budgeted and considered
Do confirm that the new location meets all of your needs.
Take nothing for granted! Check out that the spot you’ve chosen for the business relocation is fit to meet your business’s needs, from handling your telephone and internet service, to being able to receive all necessary goods and being comfortable for customers. It’s a great idea to make a list of all requirements for business moving – however small or large – and then carefully checking them, one by one, to make sure each one is met by the new location.
Don’t choose the first space you find
However attractive a location, it may not be ‘the’ one. Don’t be too hasty to sign a lease until you’ve done your due diligence and seen a wide range of what the market has to offer. You might get just as good a space for less money, or find a situation with better conditions.
Don’t let a good deal make you blind
Just because one or two benefits make a location attractive, don’t discount its negative aspects. Saving money in rent may cost you dearly down the road if a location doesn’t truly meet your business’s needs, or if customers will be more likely to choose your competitor, who has a more user-friendly location.
Do thoroughly plan for business moving day itself
Make this day as easy and smooth as possible by taking into account in advance everything that must be done, everything that can go wrong, and what each person’s responsibility is to help it go right. Make sure to notify the post office of your change in address, and let every business associate know well in advance when the moving day is and where the new location is.
Follow these steps and you are sure to have a smooth and successful transition to your new business’s new home!