Change is vital for success, and moving your office may be quite daunting. Whether it’s because your business is booming, or you want to get closer to your current consumer, explore new leads, improve and expand facilities, or you simply want to cut costs, moving to a new location can be the next step in your business’ success story.
However, moving shop has its own set of challenges and specific problems, and knowing how, when and why to successfully re-locate your office may mean the difference between making it big or falling short of your ultimate goals.
This article will give you some basic steps and things to consider to get you on the right track as you ponder the possibility of relocating your business office.
The first step in initiating the process of relocation is research. You have to know why you are moving, and weigh the pros and cons. Conducting full market research can determine your current consumer base. This can give you insight into your established consumer base, and their geo-positioning. Additionally, you will also need to compare current annual expenditure, add up the costs of moving, evaluate profit projections, and see whether you will be in the green.
To further minimize the risk, successfully research the competition, and ask consumers about their opinion. Once you have completed the research, you will know what the right choice is, and start planning.
Moving your office will ultimately come down to the economical advantages you deem your business will benefit from by first doing the proper research.
Choosing the New Office
Based on your research, you should now be able to choose the actual physical location of your new office. Examine the various real-estate offers and their rates. Narrow your search down by giving your real-estate officer as much detail as possible. These should include location, price, space and arrangement of the facility, accessibility, and potential future costs, like shipment expenditure and staffing costs.
Evaluation of the New Site
Once you have chosen a couple of locations, a business performance analyst can pinpoint significant modifications that need to be made to the facility in question. A professional can estimate whether the building meets health and safety codes, and what sort of essential renovation is necessary. Together with a contractor, you will be able to work out an exact renovation budget, and figure out if the building is worth its value.
Before moving, it is important to inform your staff about your plans. This will give them a heads-up, and give you a good assumption about which employees are ready to make the move with the company. Additionally, consult your HR team, who can prepare and initiate a recruitment campaign, and find local professionals for the new office.
Overseeing the Move
When moving to a new office, it is best to designate a project manager who will oversee the entire process. This keeps you focused on running day-to-day operations, while the manager will micro-manage the actual logistics. These include menial tasks, such as the change of address, hiring contractors, construction oversight, transport and sale of property, while you remain in the loop through weekly reports, and step in only when there are big, important decisions to be made.
Investing in Renovation
Despite being hesitant of renovation, the design of your new office space is a valuable investment. Moving to a new office space is a chance for improvement. You have the ability to create a comfortable working environment, and equip the office with the latest machines and technology. This can later initiate further growth by becoming a viable marketing tool, as well as a way to attract potential new staff and leads.
Knowing Where to Cut Costs
Although costs will be on the rise, there is still room to save money and make an initial return on your investment. Rubbish removal experts based in Sydney suggest hiring a waste management crew which can speed up the construction or renovation process, by maintaining on-site health and safety regulations instead of contractors. This can also help you sell your former office space, through real-estate channels you used for acquiring the new space. In addition, you should also consider holding a public auction to sell some of your previous possessions, for funding some of the new equipment and reducing transportation costs.
At the end of the day, moving to a new office is a new step in your company’s future and a prospect for new success. The final thing you can check off the list is yourself. After all, come Monday, you are checking into your new office.
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