There are many reasons why you may be considering relocating your office. For example, you may have undergone rapid business growth, meaning that you now require a larger space. Alternatively, you may be looking to move into an inner-city area to increase the amount of foot traffic your business receives.
However, as this is a significant expense, it’s not a decision that you should rush into. With that in mind, here are three things you should think about before relocating your business.
Location is everything. Whether you’re upsizing or downsizing, it’s important that you think carefully about the location of your new business premises. For example, while you may be looking to cut costs by moving to a cheaper area, you should think about the impact that this could have on foot traffic, as it could limit the number of people that stumble upon your business organically. Location also plays a key role in non-customer-facing businesses, especially when it comes to your employee’s daily commute. After all, a long commute can contribute to burnout, which could have an impact on employee retention in the long term.
You should also consult employees ahead of the move, letting them know to prepare for this shift and asking for their insight.
You might not find your ‘perfect’ space outright. Whether you intend to rent out an office space or purchase it outright, you may have to manage your expectations somewhat. For example, it’s unlikely that you’ll stumble upon a place that meets every single one of your expectations. However, modifications can be made to transform a place that seems suitable into the perfect workspace.
Alternatively, you could even build new premises from the ground up after purchasing land. If you are pursuing this route, be sure to partner with a company that offers BIM Coordination services. This way, they can help you to create a compliant ISO19650 standard model, helping bring your vision to life.
The timing must be right. While you may be keen to move as quickly as possible, it’s important to remember that you have to get the timing just right. For example, while you may have some extra cash to play around with right now if you’re entering a quieter period, this is money that you might want to keep on hand as opposed to spending.
However, if you’re confident in your financial situation, moving outside of your busiest times could minimise business operations, taking a lot of stress out of the process. As such, while it is important to remember that there is no right or wrong time to move, you need to consider every possible outcome of moving at this current time.
Final thought. In short, there are many different things you must take into consideration when it comes to relocating your office, from location to the cost. However, carefully planning out this next move means that you can be as strategic as possible, putting your business on the path to success no matter where you decide to set up shop.
