It isn't easy to know when the right time is to move offices as a business owner. Factors such as costs, staffing, and the current economic climate can be boundaries stepping in the way of you making the big move.
If you're closing in on the end of your office lease, now is the perfect time to assess whether moving your business is the right idea or if you should just renew that lease and stick with what you know. Here's all the information you need if you are in two minds about moving:
Know Your Needs
Have things been running smoothly in the office you currently inhabit? Is there anything about the space that is getting in the way of running your business smoothly? These are the exact kind of questions you should be asking while undertaking an analysis of your needs.
Analyzing your requirements for a smooth sailing business is always the most important thing to have in mind when considering moving to a new office. Always consider the needs of your employees too.
Good things to keep in mind when analyzing your office needs include the size, facilities, company image, locations, and technology.
Assess Your Current Location
If you are in a favorable lease agreement, and your current office offers you everything you need, like sufficient spaces and a good location, then it may be wise to stay put. However, if you plan to run your business with the exact space requirements in the future, it's probably a wise decision to wait and save the hassle of another office search.
If the problems you have with your current office are relatively minor and inexpensive to fix, you may also consider refurbishing and upgrading instead of moving.
Understand The Costs and Benefits
While refurbishing your current office may seem like an easier option than relocating, you may find it would be more beneficial to move in the long run. This is because refurbishing costs can become quite expensive and may require some time to complete.
You may be able to find an office space that offers improved facilities compared to your original area or one that has a better location. While a place with these features could potentially be more expensive than your current one, it can do wonders for improving productivity in your business long term.
On the other hand, relocating can be very expensive. Consider factors such as design specifications, migration logistics, lawyer fees, and rental costs before making the big decision.
The Right Time
The main thing to consider when considering relocation is if it has a positive impact. For example, if a new office space can provide you with staff motivation and performance, this will always trickle down into the satisfaction of your clients.
Make sure your office move is well planned to avoid any avoidable issues and that it will benefit your staff, clients, and brand alike.
Ready to move your business? Contact the pros at Brandon Moving & Storage, and let our Business and Commercial team handle your business relocation needs. Click here for a Free Quote!
