Office moving – what are the pros and cons?

Office relocation is an important stage in the life of a company. It can indicate growth, a change in direction, and maturity. But if not managed properly, it can be a painful exercise, so it’s important to weigh whether it is the right time to move.

One of the most common reasons for moving offices is business growth. Companies can simply grow beyond the space they are in. Upgrading to a larger office space enables a more productive environment and gives you the ability to increase workloads and staffing levels. Similarly, if your business is downsizing, moving offices can be one of the easiest ways to cut costs. There is no point spending money on office space that you don’t need. It may be wiser to have a shared office arrangement rather than renting an entire space. In this way, your business only pays for the space it uses and can share the costs of services such as reception facilities.

Like many business decisions, an office move can come down to finances. If your business isn’t getting the most value out of your current lease, searching for a better deal can ultimately save you money. Perhaps the landlord is paying the rent but you feel the costs are not justified, so a new premise may be a better financial move.

Oversizing your office space may not just be a size-related issue. As your business matures, so can your image. If your current office doesn’t suit the look you’re trying to achieve, then it may be time to move. This is particularly the case when you work from home, you may no longer project the professional look you are looking for. It may be the case that you are having more client meetings and it is no longer ideal to conduct them from your home office. It may also be that your current location does not attract the clientele you are looking for. Simply moving offices could increase your customer base.

When determining whether to relocate, consider the positives and negatives of the move;

SWINDLE

Costs – Moving offices can be expensive. It involves relocation costs, as well as lost productivity during the move. It is essential to plan the process or seek professional advice so that you do not lose business while moving.

New facility refurbishment – Especially if your new office space is larger than your old one, you may not have all the appropriate IT infrastructure and furniture. This is where a serviced office can provide the best solution. The space is ready to work without your business having to bear most of the costs.

Shock for staff: A new location may not be desirable for all staff members and could lead to employees leaving the organization. Discuss the move with key staff members and see if alternative arrangements can be made, such as flexible hours.

PROS

Profitability – Renting an office space that doesn’t meet all of your requirements can leave you paying for things you don’t need. A new office gives you the ability to pay only for the space you use. Shared offices can be an efficient way to run your business at a much lower cost without compromising what you need. Relocation also allows you to renegotiate a lease that is more flexible and less risky, such as a short-term lease.

It gives your business a more professional look – Many small business owners start out in very basic premises. A new office space signals to customers that your business is growing.

Equipment Upgrades – Moving into a serviced office can often be the solution to upgrading your outdated IT systems and furniture. Newer infrastructure already exists so your business doesn’t have to pay the price for having the best equipment.

Revitalize Staff – A fresh start in an organized and practical office space motivates employees and therefore increases productivity.

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