Moving your workforce isn’t the easiest of tasks and takes a fair bit of research to ensure you are getting the best deal and that it is the best move for your business in the long-term.
There are so many elements you need to consider to make the move work and maximise your profits, whilst not losing out to new customers because you’ve moved to an area where your business doesn’t have any reach.
Whether you’re looking for business units to let in Manchester or hoping to leasehold a building completely, here are some pointers on how to make it worth your while.
Research the area
Moving to a new office isn’t just about how good the building is, but also how good the surrounding area is. There’s no point in moving to a town that’s dead on its feet business wise; look to see if local businesses are up and running because a town with closed shops and empty offices means the area isn’t very prosperous.
Also, you’ll need to make sure your own business will be able to attract local custom in order to get new customers and build on your business. Current customers should also be able to travel easily to your new property, otherwise they may turn to other companies.
What kind of office?
If you’re upsizing, that’s great, but make sure you’re not being overly optimistic and looking at an office that will swallow your work force whole. Look to get an office that fits your employees in, as well as a little more space if you expand further, but don’t make it so there’s half and office empty.
If you don’t see your company expanding in the near future and you’ve got plenty of spare space, you could save money instantly just by downsizing and bring your rental costs way down.
Buy, rent or lease?
The main worry about owning your own office or building is that, if you come to sell it in the future, you may have to take a hit on the price. Renting seems to be the way forward at the moment with the current financial market as it is.
Renting is also the easiest way to control payments and know that they will not increase, or at least not go up by much and there’s no real worry of interest on your payments.
Whatever direction you go in, perhaps keep in mind that there might be a fellow company looking to share an office and split the costs.
Extras
Other considerations should include the amount of new equipment that will need to bring in if you’re upsizing, such as computers, desks, printers and even simple things like lighting.
It will help to know beforehand what equipment you’ll need to buy, so visualise how you plan to layout your office and you will be able to make a list of what’s needed.