There are various reasons why people decide to uproot their business and relocate elsewhere. These range from expensive office rent in your current location, lack of opportunity, or the simple fact that there may not be enough space for you to conduct an efficient business. In any case, relocating can cause stresses, just as a house move would, and short-term costs can spring up out of nowhere. These factors can determine whether your move goes as smoothly as you might have hoped. Therefore, to truly minimize stress during this time, it’s wise to take into account a few helpful snippets of advice before you move.
Research the new location
You don’t want to move to a place which is cheaper, but which offers you fewer business opportunities in the long run. For example, if you run an IT business, it’s unlikely that you will gather as much business having an office deep in the countryside than if you were based close to a city. Location means everything, from how long it takes to commute to the office, to how many potential customers you can attract within the first few months of moving your business there. It has to be able to act as a boost for your business, rather than a hindrance, so make sure you take the time to research exactly what your new location can do for a business like yours.
Move at the right time
If your business has seen an increase in sales in the last few months, then it isn’t wise to stop this flow by moving in the middle of it. Moving during a busy time in your business year will mean that you and your employees face longer working hours and more stress. If you are moving your business across state lines, or even further away, then this can be a true detriment to your business if you don’t plan it well. Organize your move to coincide with a quieter time. This way, you can conduct business as close to how you usually would, and focus on moving resources over bit by bit, rather than in one go.
Consider how much space you need
One of the main reasons people relocate their business is due to expansion, where having the right amount of space is integral to letting it grow further. There is no point in moving to a new place if it doesn’t have the space you need to put your new equipment and offices. At the same time, there is such thing as too much space. Having a large amount of space will make unnecessary costs add up in the long run, especially if you aren’t making use of it. The best thing to do is invest in somewhere which you can expand if it needs to so that you don’t have to consider another relocation or pay more money.
Assess the costs
Excess space isn’t the only area that can make costs add up. In fact, spending money on moving goods, taxes, and real estate costs are all parts of what makes the short-term cost result in moving being an unattractive concept. The key thing here is to make sure you have enough money to make a move to begin with. If you don’t, you could see that this move is the opposite of what your business needs. If you are determined to move due to the immeasurable benefits that come with it, set a budget so that your monetary issues don’t go below the surface.
Keep your goods safe
Whether you are moving your business far away or down the road, you will need your equipment and cargo to come with you. If your business is quite a large one, it is an impossibility that you will be able to do this yourself. This is why it is essential to enlist the help of a moving company to transport your goods. When you are doing this, you should pick one that can ensure the safety of your goods, especially if they are expensive. Choosing one such as the Suddath Moving and Relocation Service will help alleviate any worries you may have when the safe arrival of your business equipment is pulled off without a hitch.
Talk to existing employees
The downside of moving your business is that there is the small possibility that your current employee base won’t be able to come with you. Luckily this won’t be too much of an issue if your business is moving down the road. When the day comes to break the news, you need to sit and have an honest discussion with your staff. If you run a solo business, then this is not something you need to worry about, but larger businesses are likely to face this problem. Some employees may express a wish to move with the business, and some may have the ability to work from a remote location (which would also cut down on office space costs). In some cases, you may have to be on the hunt for new employees if you are moving too far away for your current employees’ commute. It could be that your business can exist with both locations if you are expanding, or that your goods lie elsewhere from your employees.
Complete the right paperwork
Moving the location of your business isn’t as easy as moving to a new house, which is already a difficulty in itself. There is an abundance of paperwork you need to complete before you leave, including tax forms if you are crossing state lines. You need to update your contact information on your webpage and in the phone directories, update clients and the government that you have moved, and pre-arrange for any post to be sent to your new work address. You will even need to change your information on the business cards and email templates you use, which can be a tedious job, so this is an area where it’s best to ask for help to make it easier for you.
Build a new client base
It may be that your move doesn’t affect the clients you have, especially if it runs on a national or international basis. However, for those who rely on local produce or clients as a part of their business ethos, then you will need to steadily build up a new client base when you reach your new location. You can do this by phoning ahead to see which potential clients will be willing to work with you.
Keep your existing customers
Keeping your existing customers is much more easily done in the modern world than previously, thanks to the internet. If your sales come from shipping across the globe, then a move in location won’t affect your sales, so this is something you don’t have to worry about. If your business partially relies on local customer interaction, then you can always set up an online service provider to keep their loyalty on a new platform. Unfortunately, if your business is a café or a community establishment, then this will be more difficult, and you will have to focus your efforts on bringing in new customers.
Attract new customers
Attracting new customers can be both stressful and fun if you are confident in your approach. Having a party to celebrate the launch of your business in your new area is always a great way to get people involved, and promoting your services in person will prove invaluable. This is where your costs should extend into advertising so that you don’t move to a place where customers aren’t already waiting for you.