Moving your business can be one of the best decisions you’ll ever make. It can open up new opportunities for you to expand and grow beyond what you expect. But what happens when moving your business turned out bad?
You can actually prevent such situations by planning your moving carefully. The key is to make a thoughtful decision after carefully considering what you’ll have to do to get the moving right and how the moving can affect your business. Here’s a good way to start:
10 Things to consider before moving your business
1. The size of the new facility
Presently, your business may not be on the top ten list of Fortune 500 companies, but you’d be glad to see your business grow. When it does, you’ll have to hire more employees and this requires more space. Will the new facility be large enough to accommodate your business expansion, or do you have to move again because of poor planning? Think carefully before picking the size of your new facility.
2. The cost of the new facility
The cost of the new facility you intend to occupy shouldn’t put a hole in your business budget. Keep the cost of the facility well within the reach of your business profit margin, especially if you own a startup and made a long distance move.
3. Proximity and Access
You shouldn’t lose half of your customers and vendors just because you’re relocating. If you’re not moving across state lines, find a suitable location that’ll be easy for your customers to reach you easily. Don’t make the mistake of moving too far away from your well-known vendors. You may need some of their services immediately after you’ve moved. Finding a new reliable vendor in a new city or town while you’re still trying to settle in may be challenging.
One of the key things that can help your business grow is having a competitor that’ll constantly inspire you to do things better. But what happens when you’re competing with several competitors with huge customer base in a particular location? This is even more challenging if your business is a startup. Consider your options carefully before picking a precise location.
5. How to find and hire the right moving company
Where exactly can you find a professional moving company with a track record of moving business successfully? What should you consider before hiring any of such moving company? What are the odds of hiring a rogue mover who will disappear with all your business items? What will happen to your business if you get every part of the moving right and the moving company you hire doesn’t show up?
I’ve got great news for you! MoverJunction.com specializes in screening licensed and Better Business Bureau (BBB) rated moving companies based on their performance, customer reviews and background check.
Based on your request, you’ll be connected to professionally licensed and BBB rated moving companies anywhere in the United States. You’ll get up to 6 free moving quotes so you can compare rates carefully before making up your mind. You’ll be rest assured that your business will be moved safely on a precise date and your client and customers will know exactly when you’ll resume at your new location.
6. How safe is the new location?
If the new facility is not located in a safe part of town, you may find it very hard to get new customers or clients. Also, your previous customers, clients and vendors may decide to stay away for safety reasons. Before picking any part of town, check the crime rate, do some background check and visit the location personally.
7. What kind of businesses are in the area?
Some businesses complement one another because they have a similar customer base. A real estate company and a self storage company can benefit from having a similar customer base without being competitors. You can pick a location that have companies that will complement your business favorably without a direct competition.
8. Will you find and hire the right employees?
If moving your business requires hiring new employees, you’ll have to consider that before picking a new location. Research all the locations you’ve picked as options to see if you can find experts in your industry. If you move your business to a location where you can hardly find the right professional you need, you’ll have to pay more to hire one from a different location.
If you’re moving your business to a new facility within the same city or town, consider a new location that’ll be convenient for you and your employees. The key is to consider the distance between your home and the new facility. Do you have to move to a new home after relocating your business? What will be the average commute time between the new facility and the homes of your key employees? How many of your current employees will be glad to move from their homes so they can continue working with you? You should probably have a discussion with your key employees before picking a new location.
10. How will the location affect the reputation of your business?
The location of your business can affect its reputation. Some businesses can easily build their reputation in locations where their industry are well-known for delivering top-notch performance. If your business is one of such, you’d have to consider the location you pick carefully and weigh your options before settling for any.