Whatever your reason, moving building can be exciting and can enable your business to progress. If you are feeling in a bit of a rut with your business and are wondering whether it is perhaps time for a move, have a read of these signs below and see whether it’s time to move somewhere new.
Multiple Upgrades Are Needed
If the space you are working in has multiple different issues that are distracting you and your staff from working to their full ability, such as it being too small, having ventilation issues, poor aesthetics that aren’t uplifting staff or even just if the location isn’t maximizing your business, it’s time for a move.
Moving an entire office can be stressful; but the new motivation of staff once you have arrived will be well worth the time and effort.
Costs Are Too High
Have you noticed that your expenses each month are too high? Well a simple way to cut them is to move offices. There are many reasons for rent being so expensive.
You may be paying far too much rent for a building that you could pay for a lot less with another provider. It could be an expensive area, and moving slightly further out could enable you to have the same size space for much less rent, or perhaps you simply don’t need a space as big and you can find somewhere smaller and save yourself money to be reinvested into other areas of the business. Look into all the potential costs at new offices, as there could be hidden fees that in fact don’t make it any cheaper than your existing workspace.
Struggling to Find Staff
Moving to a larger location has the potential to access a larger talent pool. Moving closer to a city, or even into the city center, opens so many opportunities for a business, as public transport is increased and more often, and also young talent are increasingly wanting to move into big cities to follow their desired career path. Offering young talent a great office in an exciting city will get the CV’s rolling in in no time. So, if you’re struggling to find the talent that your company is looking for, consider relocating.
Growing Out of Your Office
Sometimes, you simply need more space! If you find yourself struggling to fit people in, and need to hire more staff, then taking the leap and moving might be the best thing for you. Similarly, if you’ve started your business at home and need to expand, creating an office space might be the next step.
However, if this is the case, make sure you carefully consider the finances, as adding a lease or mortgage to your current expenses is a big step! If you’re unsure, seek the help of a financial advisor who will be able to look at your incomings and outgoings to decide whether expanding is the right thing for you.
other valuable tips:
Growing Business? 3 Strategies To Ease The Transition Of Moving To A Bigger Building
You Need Different Features
When you start your business, the space you have may be sufficient for what you need, however, as it expands, the demands of your business may change. For example, you may need a warehouse space, a conference room, extensive parking etc. The requirements of each business is different, but it is likely if your business is going from strength to strength that you may need to look at investing in somewhere new.
Image Credit: Pixabay
end of post … please share it!
| google+ |
GUIDE: business valuations
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
home remodeling reference (links to internal page)
 |
 |
 |
 |
| directory | photos | forms | guide |
Helpful article? Leave us a quick comment below.
And please share this article within your social networks.
