There might come a time when your business has outgrown the building you are located in. While it is a positive sign that your business is healthy, it can be a daunting process to move your inventory and employees to a brand new location. You can make this move easier by following a few simple tips.
Real Estate Budget
As your business grows, you may find you need a bigger building to relocate to. It might be tempting to rent a much larger building as your company might be growing so fast, your business will eventually grow into the larger space. You need to take your real estate budget into account, however, so you need to weigh your building size needs with your budget. Analyze how realistically your company will grow and how soon you will need a larger space, then choose a building in which satisfies your needs for at least several years and that is within your budget.
Rent or Buy?
While you are working on your real estate budget, you should think about whether or not it is better to rent your building or to buy your own. This will depend on what your budget is, and what your needs are. Buying your own building might be more cost-effective in the long run for you and could be a better idea if you have a lot of capital you can tap into. If you have a newer business that is growing quickly and you might need to move locations sooner rather than later, then renting might be the better choice at least until the growth slows a bit.
Form a Timeline
When you are moving into a new building, you need to give your employees a timeline for when they can expect the move. The transition can be overwhelming for your workers and yourself so incorporate any renovations to the new building, moving any assets like machinery, inventory and packing products, moving your Internet and phone lines and moving furniture and office supplies to the new building into your timeline. Don't forget to also make plans to market your new address and prepare for new signage for the location too.
Stagger Your Move
One thing to make your move easier is to consider staggering it. If you are able to, consider operating both locations during the duration of the move. This means, you begin by moving office furniture and other items that aren't being used on a given day. Your business can still manufacture or produce your items while you are in the process of moving to the new location so you don't lose any production time. You then simply stagger the move of each piece of equipment until the move is complete.
For more information, contact a business such as Correira Brothers' Moving and Storage.Share