You’re a successful entrepreneur. Your business has taken off in a big way. You’re toying with the idea of moving your office out of your current location. Should you go for it? Before you decide, you need to make sure you know why you’re moving out. This will help you zero in on the best place suited for your needs.
REASONS TO RELOCATE
Upsizing: Your current office doesn’t accommodate your growing business. It is literally bursting at the seams. In this case, when looking for a new location of your office, keep in mind the future growth possibility of your venture and choose a location from which you don’t have to move out too soon.
Downsizing: Is your current office too large? Do you walk in everyday and see too many empty cubicles? If so, then relocating your office to a new place will cut operational costs and re-energize the business.
Better workspaces/facilities: Your current office doesn’t allow maximum interaction between employees. The facilities are too outdated. In that case, move!
Make an impression: The location and general appeal of the building can speak volumes about your business. Not only does it make a good first impression, but it also reflects your brand image.
Talent pool: The need for a suitable workforce may make you want to relocate the office. If you’re lacking suitable talent, then it’s a good idea to move your office to a place where you can easily find the right kind of employees.
Employee satisfaction: Are you relocating to an office which is at an accessible location? Will there be enough parking for the staff? A neighbourhood with good facilities will appeal to your employees. A place with a good restaurant or a bowling alley can be a winner with your staff. A new location will also bring in new vigour to the organisation.