At some point, every business owner considers moving to a new location. The reasons can vary. In some cases, it’s to get closer to a potentially lucrative market. Or business growth might mean that you need more space for employees and equipment.
Whatever the case, businesses face challenges when moving to a new location. There are pros and cons to moving your business. If you want the new move to be successful, you need to consider both sides of the issue. A failure to plan could result in a business move not paying off.
The following looks at some pros and cons of moving your business.
The Pros of Moving Your Business
While every situation is different, you should find that one of the following pros fits into your plans. If more than one is among your goals, so much the better.
A Better Market
This is a common reason in South Florida. Many businesses move here because it’s a growing market of millions of consumers. From Miami to Fort Lauderdale and West Palm Beach, South Florida offers many opportunities for businesses.
And even within South Florida, certain areas might prove better for your business than others. Businesses often make a move to areas with consumer demographics that better match their product or service.
Room to Grow
Successful businesses often outgrow their original office. What worked when you were a startup may now seem cramped or outdated. Many businesses relocate not only to have better facilities for their current employees and equipment, but also room to expand to a larger size in the future. In this area, moving is often part of a long-range strategic plan to grow the business.
Reducing Costs of Operation
Reducing costs is a constant goal for all businesses, and office overhead is often one of the biggest items. When business owners come across a deal that could allow them to cut expenses by moving, many leap at the chance. In some cases, skyrocketing rent at the current location can also drive businesses to move. The key here is making sure the new location is not only less expensive but also meets your standards for a business location.
The Cons of Moving Your Business
There are downsides to relocating your business. Many of them can be alleviated with proper planning and by working with an experienced moving company.
The Potential Loss of Clients
Many moves happen to get closer to a potentially larger client base. However, you also run the risk of losing clients with a move. Smart business owners take the time to calculate the numbers and ensure the gains made with a move will outweigh any losses.
Potential High Costs of Moving
High costs can come in overpaying for the move, the loss or damage of office equipment during the move and disruption of your business. This is where hiring experienced movers can pay off. Search for companies that offer free estimates, pricing and have a track record of moving businesses quickly to limit any down time for the company.
Relocating Your Family
If you are moving to Florida from another state to relocate or start your business, you also will need to move your family. This can be a pro or con, depending on whether your family is excited about a move. This is another area where an experienced moving company can help. Some companies have expertise in both business and individual moves. You will want one of these companies for your move.
If you are considering moving your company, a good call to make early in the process is to give Good Greek Moving & Storage a call. As experienced business movers, Good Greek Moving & Storage offers companies a mover they can trust and who will complete the move with the smallest possible amount of business interruption