All companies strive for growth. Business expansion ultimately leads to new opportunities, more sales, and everything that comes with a bigger business. The thing is, this growth also requires an expansion in equipment and ultimately the footprint. However, once you find that your business is growing, it is time to start thinking about how you will carry out the expansion.
Some people choose to start a whole new business area elsewhere, while others move their entire business to a brand new location. Whatever the case for you – some relocation is necessary. Movement is complicated, but there are things you can do to make the whole process easier. There is no need to interrupt your daily workload and all you need to do is plan ahead. Here are 8 top tips to help you move your business to a new location.
Start by creating an initial timeline
Any good plan is backed up by a coherent schedule. If you think about your catchment areas without connecting them, you are likely to be missing out. Before starting any detailed planning, it is important that you create the initial schedule. At first, there's a good chance this timeline will be a bit vague, but that's normal. What you want to focus on first are any major events. So buy all the things you need most, do renovations, hire office movers to move, and the like. As your plan progresses and the date of your move approaches, your timeline will become clearer and clearer. So make sure you update it along the way!
Budgeting is important
Once you have a rough sketch of the whole process, it's time to figure out your budget. This will help you proceed with the planning in a more specific way. Once you have a budget, your options are narrowed down, your plan becomes clearer and clearer. What should you focus on when setting a budget? The most important thing is to always make some space for additional costs. The likelihood is high that a large number of new issues will arise as the relocation date approaches. These costs can be minor, but they can also be significant. For example, if you are in the process of renovating the place where you are moving, there may be additional costs. In either case, it is best that you set the budget with your financial advisor. That brings us to the next tip.
Build a team to help you move
Moving a company is not a one-man job. Hence, it is important that you build a good team. Having people who know what they are doing in their area of expertise is critical to making it run smoothly. We already mentioned the importance of having a financial advisor already. It's also good to have someone overseeing the renovation work. In general, supervisors and managers are always a plus as they can help keep everything on schedule. Finally, make sure you have regular meetings with your team!
Update your plan regularly!
We already mentioned the importance of updating your plan, but it just cannot be emphasized enough. Once you let your plan evolve in a spoken word, the likelihood of something going wrong increases exponentially. So make sure you update your plan regularly to make sure you are in control. When something important happens, be it according to plan or not, write it down.
Work on building the inventory
This is a tip that primarily affects companies whose sales rely on inventory. If you want to make sure you don't suffer any business losses during your move, this tip is crucial. Many people underestimate how long this process can take. As a result, their business suffers because they have no way of making money in the meantime. The easiest way to avoid this problem is to stock up on time. If you build up additional inventory in a timely manner, you will ensure that supplies are not interrupted – both for customers and for production needs.
Don't rush – take the time to get things right
If there is one parameter that most increases the likelihood of failure, it is intoxication. Having a business is stressful and moving to a new location makes things even more difficult. That being said, it's only natural that you'll want to complete this step asap. The thing is, rushing can actually prolong the whole process due to mistakes made in the meantime. So take the time to make sure everything is handled correctly.
Adjustment of the moving company
Hiring the moving company is a very important part of the entire moving process. When hiring the moving company, there are a few important parameters you will want to study. First of all, you want to make sure that the company in question meets your needs for the size of the move. Some companies simply have no experience of taking big steps, and such companies should be avoided. Make sure you read the reviews and, even better, speak to someone who has already hired the moving company in question. You should look for reliable, experienced professionals who know what they are doing to ensure your move is in good hands.
Communication is the key
Finally, let's talk a little more about communication, as this tip applies to all of the previous ones as well. We mentioned earlier that it would take more than one person to make a successful move. To make sure everything goes according to plan, communication should be a priority. You need to make sure that you are always communicating with people who have a role in this process if you want things to go well.
In the end, it all boils down to good organization and planning in advance. Regardless of the size of the move, everything will go smoothly if you plan everything accordingly. So take the time to go through each aspect of the move enough times so that you have everything properly planned. Leave no stone unturned, it may be frustrating at the time of planning your move, but it really helps in the end. Good luck with moving your company, hopefully the new location will be good for your company!