Considerations for Relocating Your Business

There are many reasons to consider business relocation. While it can be expensive, some business owners have found it was one of the best things they could have done for the growth of their business.

The Need for More Space

One common reason why owners choose to relocate their business is because they need more room.

These businesses have outgrown their current space and need to hire more employees or otherwise expand operations and cannot do so in their current location.

Is Your Current Location on a Downward Trend?

Another reason for the relocation of a business is that the current location of the business is spiraling downward.

Obviously, location is important. This is true for some business more than others.

The Cost of Doing Business

Another reason for relocating your business may be due to the cost of doing business. Location costs may be much less in a different part of the country.

For example, the labor costs could be less or perhaps taxes or the cost of renting business property is much lower.

If you do choose to relocate your business, there are ways that you can help to make your transition as smooth as possible.

Using Commercial Real Estate

Commercial real estate services are especially helpful if you are moving out of state or to an area that you do not know well.

Services, such as Zoom Prospector, can help you find the commercial real estate that is perfect for the relocation of your business.

You provide a list of criteria and they find all of the available properties that match your list.

Consider Business Moving Companies

If you are going to relocate your business, it’s likely that you are working with a timetable that will minimize the number of days that your business will not be able to be productive.

That is why choosing a reliable business moving company is so important.
If you are moving your home and your furniture arrives a few days late it may not be that big of a deal.

If the same thing happens with a business move, however, it could cost your business thousands of dollars in lost revenue.

Local Chamber of Commerce Chapters

The Chamber of Commerce in the city or town in which you will be relocating your business to can provide valuable assistance and information to businesses that are new in town.

Joining the Chamber of Commerce can also help you become acquainted with other small business owners.

Here are some other things to consider when relocating your business.

Employees

If any of your employees are relocating with you, you should do all that you can to make the move as easy as possible for them.

This may include relocation money or help in selling or buying a home. You may also consider allowing them time off before the move in order to visit the area and get to know the neighborhoods and the schools.

Also, if you are hiring a company to move your business, ask them if they will move your employees for a discounted rate.

Current Customers

Notify your customers of your move as soon as possible.

Let them know that you are committed to keeping them as customers (if this is feasible), and that you will do whatever it takes to show them that the service they have always received will not suffer as a result of the move.

Relocating your business is a big step. With some research and careful planning, it could be one of the best things you’ve ever done for your business.

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