5 Must-Know Things Before Moving Your Small Business

Moving your small business into a new location can be evidence of how your business is thriving and growing. moving your small businessYou might be moving because the number of your employees or the traffic of customers you’re receiving on a daily basis can’t be accommodated in your current office space. Moving your small business to a better location can also improve your brand in the long run. This brand can become the reason why you’ll be able to entice more customers, shareholders and new employees. However, before you can experience all of these benefits, you should be able to move your small business successfully. Any mishap along the way can adversely affect your brand and business.

Unlike moving to a new house, moving your small business to another location demands a lot of hard work. There are several things to consider to ensure that the transition of the move will be smooth for the business and everyone behind it. For one, you have to make sure that the move will actually be beneficial for the business, not compromise it in any way. To achieve this goal, keep in mind these things below before moving your small business:

  1. Review your finances: Your finances is one of the most important things to consider before you’re moving your small business. It can be tempting to move to a location in the middle of the city where the competition is fierce but if it will require you to spend your entire annual budget, it’s not the best choice. You don’t want to compromise your business’ operations for the sake of the move. Before scouting for possible locations, create a budget for the move. This should include the money you’re willing to pay for the new building, new equipment to be purchased and an emergency fund. If you’re planning to hire the best moving company for help, allocate budget for their professional services as well.
  2. Choose your location wisely: Once you already have a budget for the move, it’ll be easier for you to narrow down the possible locations for your small business. However, even if you have a limited budget for the move, be careful with the location you choose. Where your small business will be operating can affect your operations and even your success in the long run. If possible, look for a location which is accessible to everyone – your employees, customers, shareholders, and deliverymen. Your location should make it easy for other people to reach you.
  3. Don’t overcommit: When you’re moving your small business for the first time, you can easily fall victims to agents’ statements of “moving to the best location.” And with cheap rates, it can be tempting to grab their offers. When moving, keep in mind the number of employees you have, the additional manpower you’ll have in the future and the possible growth of your business. A 10-story office building which is priced very low might be appealing, but if it’s not what your business needs right now, you’re wasting resources. Never overcommit. Upgrade slowly, take your time and always stick to your budget.
  4. Update your contact information before the move: The moment you sign your lease agreement, update all of your contact information. If your business has a website, change the address and other contact information right away. You can even inform your customers and shareholders of the new contact details through email or text messages. If suppliers are delivering goods to your business regularly, let them know about this too. You don’t want the move to become the reason why these people will cut ties from your business, right?
  5. Transfer your internet connection before the move: It’s impossible for a business to operate without an internet connection. You’ll need an internet connection to communicate with everyone in the business, both internal and external. The reach of your marketing efforts also relies on your internet connection. If you want your business to continue its operations as soon as possible, transfer your internet connection before the actual move. Doing this guarantees all of your employees can work and customers are accommodated after the move. Besides, you don’t want your employees to be sitting at their desks doing nothing while waiting for the internet connection to be installed, right? Less idle time means more income for your business so make sure that your internet connection is ready days before the move.

Location Is Important

The location of your small business can contribute to its success in the future. If you choose a location which is in the middle of nowhere because of its cheap price tag, you won’t have any customers, your employees will suffer, and your brand will be forgotten soon. On the other hand, if you end up moving to a location which is accessible to everyone, you can offer your products and services to new customers while maintaining relationships with previous customers. In the world of business, location is vital. So let this article help you make your move as easy and stress-free as possible!

About Nathan Goodman

Nathan Goodman is the bestselling author of The Jana Baker Spy-Thriller Series. "A terrorist on the loose, a country in panic, and time is running out..." For a free copy of Protocol One, visit the author's website.