Keeping up with the ebbs and flows of being a business owner is extremely challenging. For many businesses, it is either feast or famine. If your business has grown year over year, it might be time to change locations. If you’re currently operating in a small space, you’ll be unable to grow your workforce until you relocate.
Every year, thousands of businesses in the United States choose to relocate. Failing to get all of your ducks in a row before relocating can be disastrous for your small business.
Most areas have many commercial real estate listings, which can make finding the right one difficult. This is why taking your time and working with real estate professionals is a must. If you want to avoid problems during a business relocation, consider the great tips below.
Choose The Right Location
If you want to keep your business on an upward trajectory, then choosing the right commercial building to relocate to is important. As you start to look at the commercial real estate available in your area, consider where each one is located. Businesses that rely on foot traffic to generate revenue need to set up shop in a popular and busy location.
Looking to see what type of businesses are operating around a vacant commercial building is important. If the businesses in this location appear to be having success, then you should consider leasing the property in question. Allowing a real estate professional to help you choose a new location is the best way to avoid making mistakes.
Create a Timeline
Once you find a commercial building you want to lease or buy, you need to start creating a timeline for your move. This timeline needs to include details about your budget and an estimate for when you will be completely moved into your new commercial building. You also need to consider things like:
- When to notify customers of your move
- Submitting a change of address form
- Hiring a moving company
Keeping the moving process organized with the help of a timeline is vital. With this high level of organization, you can predict problems before they happen and devise a strategy to avoid them.
Be Sure to Communicate With Employees
Failing to keep your employees in the loop during a move can create a lot of problems. Employees want to know what is expected of them during the move. This is why you need to host a meeting to get feedback from employees and to answer their questions.
During this meeting, you also need to discuss how to get the technology used by your employee set up in the new building. Having this technology in place will allow you to keep employees producing during the move. Allowing productivity levels to decline can be costly, which is why you need to make a plan of action.
You can make the process of relocating your business easier if you put the advice in this article to use.