Moving Your Business to a New Location? Here are 9 Things to Consider

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moving business into new location

Moving your business to a new location is very different from moving your residence. It isn’t only about you; it involves many others who have a good affinity with you. So, leaving your business site without having a pre-plan can cost you more than you save.

Here we have shared nine crucial factors that every business should consider while moving their business to a new location. If you can follow these steps, you will not have to incur a high cost when moving your business to a new location.

So, without further ado, let’s get to business.

1. Consider Both Employees and Clientele Preferences

You will definitely not want to move to a location where it gets hard for your clients and employees to find you. In simpler words, your company shouldn’t be in a backward place where it’s not easily accessible.

So, consider both your employees’ and clients’ preferences. Depending on your target demographic and employees’ facilities, choose a location that will be best suited for all.

For instance, if you have a real-estate business, try moving to a bustling area of the city where a couple of companies are already running their business.

It will benefit both the clients and employees in terms of facilities. They can, then, easily find a transportation service for them and fulfill their other necessary needs without difficulty.

You may research these business areas by several means now. Online platforms are a great resource in this case. Just search for “business near me” on the internet, and you will see a directory of businesses around you located in a fixed commercial area.

However, keep in mind that there should be true potential for your company to expand, which means your business should be protected from similarly situated, fiercely competing businesses to make its targeted profit.

2. Discuss with Your Employees

Try not to catch your employees off guard when you announce that the new office location has been found and that everyone must relocate within the next week. Instead, inform them ahead of time.

Remember, since your staff members play a significant role in your company, they expect to be updated on office activities.

They will feel neglected if you don’t declare the rationale for the move and don’t solicit their feedback.

Additionally, it will be more difficult for them to plan for their own future. They must, after all, be sincere about their personal life’s comforts as well.

Consider Both Employees and Clientele Preferences

3. Inform Your Clients in Advance

Customers should be aware of the updates so they don’t find it surprising when you finally move your business site to a new place. It will help them be prepared and keep them satisfied with your decision.

You may resort to a variety of techniques to inform your clients about your decision beforehand, such as,

4. Email Newsletter

You might think emails don’t work these days, but trust me, email newsletters significantly impact handling business dealings even in today’s age.

For instance, one business near me recently launched their new product on the market, and they kept sending us these newsletters from time to time to let us know the launching event date.

And surprisingly, most customers who had visited their launching event were pursued through their newsletters.

So, if you plan to move your business to a new place, let your customers know about the decision through an email newsletter.

5. Banner

I know this is an old trick, but old is gold, right? You won’t have to inform your customers one by one when you keep a banner in front of your office announcing where you will be shifting your business to.

In fact, this technique can allow even the newest visitors to learn about your decision. So, make two banners and feature them on your office’s front side today.

6. Social Media Posts

Another tried-and-true method you may utilize to publicize your decision regarding the new office location is through social media.

Because everybody’s up there on social media, and it is now a popular medium for commercial interaction between customers and businesses, advertising your new office location through social media could be effective.

Therefore, create your advertisement and spread the word to the intended demographic on your business’s Facebook, Instagram, LinkedIn, or any other active media channel.

Keep the Government Updated

7. Keep the Government Updated

The government has a right to know about things happening in its various industries. Whether you buy a new home or move your business to a new location, they need to be aware beforehand to inform any further complicacy aligned with the place.

Therefore, make sure to update your business license and tax entities with every pertinent information you have.

Other than the business address itself, keep the business phone number (If the new state requires you to use a new cell number), lease timeline, and other information updated as well.

8. Change Your Physical Address Online

You must update your physical venture address on online platforms like Google Place, Yelp, Bing Places, Yahoo, HealthGrades, Foursquare, etc.

They are a reliable source for customers to know about the latest location updates on your business site. Therefore, when you are moving your business to a new place, make sure to keep these online sectors updated.

Although updating these sectors one by one might seem time-intensive, do it with patience. Use a generalized location that the post office, Google, and other address entities will recognize and accept easily.

This way, it will be easier for your customers to locate your business rather than stop in front of the wrong storefront.

9. Keep Your Phone Number Active

Customers search for locations either via online citations or direct calls. So, if you somehow fail to keep your current business number updated, you will lose your old potential clientele and new visitors.

So, keep your current number active and forward it to your new number. This will help direct callers to your new location without any hassle.

10. Assess Your Leasing Options

Assessing the leasing options from several landlords is another crucial step to consider when moving your business to a new location. After all, it’s for commercial uses, and you wouldn’t want to risk your business on these terms.

Therefore, reach out to as many landlords as possible and try to understand their commercial leasing terms. Discuss it with the landlord if you wish to sign a multi-year lease.

Establish a clear lease schedule, relocation terms, inspection procedures, etc. It will prevent any miscommunication from arising in the days ahead.

11. Don’t Go Beyond Your Budget

Avoid renting or buying a property that goes beyond your budget scheme. You must be aware of all the additional costs incurred in the upcoming days. So, spending beyond what you can afford can eventually lead you to be in debt.

Therefore, start with outlining a budget plan. Divide the expenses into a few sections: utility bills, insurance premiums, maintenance costs, remodeling expenses, moving expenses, etc. This will encourage you to make wise financial decisions.

12. Hire a Reputable Moving Company

Many trustworthy moving firms are now available that can swiftly shift a commercial space. They aim to assist their clients by all means so that it leaves no room for dissatisfaction.

From office desk movement to the giant conference meeting table, these firms can handle them all without needing an extra hand from you. Thus, when it’s finally time to move your office space, consider hiring the best moving company in town.

However, checking customer reviews and ratings are always recommended before hiring a moving company. The moving costs you have specified in your budget scheme must also be considered. This way, it will be simpler for you to employ the most suitable commercial moving company.

In Summary

There could be several reasons why moving your business to a new location becomes a necessity. It may be because your business has become bigger than before, or your current office lease has ended. No matter the case, when it’s time to move, take every step wisely.

This article has discussed some essential tips for moving a business to a new location. These considerations will make your shifting less stressful and more affordable.

So, it’s now time for you to make your decision.

FAQs

1. Why do businesses relocate from one place to another?

The top five justifications given by businesses for moving locations are listed below.

  • They are expanding their business growth into new markets.
  • Updating facilities for employees and clients.
  • Decrease extra expenses and boost cash flow.
  • Increasing visibility to attract more visitors.
  • Improving their service quality as a company.

2. How does relocation affect a business?

The benefits of moving a firm can be numerous. While it guarantees greater facilities for clients and employees, it could also have unfavorable impacts if the moving procedure is not planned carefully.

For instance, if you forget to notify your clients in advance, you might lose them. In addition, it could cost you a fortune if you don’t follow a precise financial plan, among other things.

As a result, business relocation might have a range of effects. All you have to do is make sensible plans and carry them out.

3. What do businesses look for when relocating?

When a business decides to relocate, many factors come into play. The company must consider the current location, the layout of the new site, the office culture, and the culture of the employees working in the new area.

Generally, companies look for three things when relocating: flexible lease options, available technical space, and nearby amenities.

Businesses must also consider their employees, especially those who will be moving.