5 Things You Should Consider When Relocating Your Business
Businesses are rarely relocated on a whim, and there are usually sound and positive reasons why any form of enterprise should uproot itself lock, stock and barrel from what may well have been a previously comfortable working environment to somewhere completely new, even if that new place is only a few blocks away from the existing business site.
Business owners and managers will need to take tremendous care when considering how to best relocate their business, closely taking into account the reasons why the business had to be located.
Here are the five major things and business owners and managers should consider when relocating their business.
1.Relocating a business has to come with a price and will that price be worth paying? If a business has a local client base then moving out of the radius of that client base may have repercussions. However if a business is moving to expand their marketing capabilities and go about it the right way they stand a very good chance of retaining their existing client base as well as finding a whole new reservoir of potential clients.
2.If a business that is considering relocating has a trained and experienced staff, what must be taken into account is how many of that valuable trained staff will they lose with the move. Companies that relocate need to consider finding reasonable transport alternatives for their key employees.
3.Employee convenience is another aspect that needs to be thought off. For example, if the company is not large enough to provide its own canteen facilities, that there should be shops or a restaurant around, and a shopping center being the best alternative.
4.If the business that is relocating needs to be involved in the storage and production of heavy goods, then careful consideration should be given into ease of access for heavy vehicles for loading and unloading, as well as reasonably close proximity to major roads. Also worth checking out is if there are repair shops in the area that can handle the vans and trucks in the company fleet as well as fork lift trucks and other items of valuable equipment.
5.If a company is relocating as part of an expansion drive, they should make sure that there is a ready source for reasonable quality skilled and unskilled labour in the surrounding areas of the proposed new premises. If the costs of renting or buying the new business premises are so temptingly low, it may be worthwhile for the company management to consider relocating a few key staff members to ensure that the transitional period goes smoothly.
Once all of these factors, as well as a number of others, have been weighed up and the relocation successfully completed, the recently relocated business can smoothly begin a fresh chapter in their history ,and hopefully one that will have made all the planning and investment that went into the relocation, very worthwhile.
Andrew enjoys blogging and contributing online. Over the last 4 years, Andrew has written and published numerous articles in various online and offline publications.When he is not writing, Andrew offers office removals in Brisbane, Australia.
How To Successfully Expand Your Business: Tips For Moving Inventory and More
Perhaps you’ve been in business for quite a while, and your loyal customers and overall success have you dreaming of expanding your business into other markets. Although your entrepreneurial spirit that has gotten you to where you are today, expanding your business to other locations can be overwhelming, stressful and plain frustrating without proper planning and help from the right Nevada moving companies. So before you venture out into the unknown, check out these helpful tips for successful expansion:
- Plan, Plan, Plan! – The planning phase sets the foundation for your new location. Before you ever lift a finger, you should have developed a solid business plan, secured capital funding, designed your newest location and scouted contractors for construction work.
- Generate Buzz – One of the biggest catalysts for a successful opening at your newest location is anticipation. Let your existing customers know about the big move to a second location, and also begin marketing to other customers near the new business. Provide regular updates on progress at the new location to local news media, and start promoting your grand opening event a couple of weeks in advance.
- Hire Movers – If you are using resources at your existing location for the new restaurant, you’ll want to hire movers. For example, moving commercial refrigerators, ice machines and other large equipment out of a restaurant is nearly impossible on your own and also completely unsafe. By hiring professional movers, you can safely and efficiently move your equipment without risking damaging it.
- Timing is Everything – Timing can mean the difference between a successful new business location and a failure. If, for example, your business has only been open for six months, your traffic and sales data may be higher than it will be in the future due to peaked curiosity among the public. Generally, you will want to ensure that your business is maintaining its client base and profitability for at least a year before expanding. Furthermore, be sure to time your new location’s opening according to what will benefit you best. For instance, a frozen yogurt shop will do best opening when the weather begins to warm after winter, whereas a retail establishment should aim for an opening prior to the holiday shopping season.
- Franchise vs. Independent Location – Once you expand to more than one business location, you may want to begin considering the advantages and disadvantages of franchising vs. operating an independent business. If your business is widely popular and has the potential to flourish in multiple markets, franchising your operation could generate royalties and franchise fee income contingent on the success of your franchisees. On the other hand, if you prefer to keep your business local and under your own oversight, operating independent locations is probably right for you.
- Don’t Lose Relevance – As is only natural, you will likely want your newest location to be bigger, better and more advanced than your existing location. However, if you pump all of your resources into your expansion and neglect your primary location, your existing customers may start frequenting your new business instead of the old one. To avoid losing customers at your first location, make updates to reflect those available at the new location. For example, if you plan to have Wi-Fi and flat screen televisions at your new business, install the same features in your current location.
Although starting any new business can be tricky, building on an existing and proven business model is much easier than starting from scratch. By carefully planning your business expansion and future developments, you can enjoy success at multiple locations with as little stress as possible.
Felicia Baratz is a freelance writer and graphic artist living in Indianapolis. As a contributor to Cooks & Travel Books, Felicia enjoys talking about her worldly travels and cultural discoveries. You can follow her on Twitter @SkepticalKitteh!
