Whether a business is considering expanding or is simply moving to another area, choosing the right location is very important. If you are a business owner you will need to consider how a move will affect your business’s profitability. Moving can also be stressful for all concerned and it will have an impact on your employees.
Some employees may not wish to move with the business if the new location is far from where they currently live. On the other hand if your business is expanding and you need more qualified workers it might pay to move closer to an area that is economically strong and is attracting more workers, or close to educational establishments that can produce the workers you want.
Many businesses start off in small premises and some may not have good facilities because they were built before modern systems were in common usage. It is not unusual for a business to start in someone’s garage, but this is obviously not going to be suitable once the business starts growing. Moving to a new build can be ideal because you will able to specify exactly what facilities your business needs. It may also be that a business is currently located in an area with high business rates and moving to new premises on a business park may mean that the rates are lower. Older premises are not always located in the best area with good infrastructure, transport links and other facilities. Moving to somewhere like a business park may mean that the transport links will be better, making it easier for workers to get to work and for the business to transport goods.
A business’s customer base can also influence the choice of location. If a business has direct contact with its customers it may make sense to move closer to their customers. In addition, if the current location is one where the economy is declining a business could improve its profits by moving to a prosperous area with customers who can afford to purchase its services or goods.
Tax can also be a consideration. Many cities will offer tax breaks to attract new businesses to their area and this could represent a significant cost saving. Moving your business might also be a time to consider how you use your resources. You may find that using contractors is a good way of providing some services or using services. For example you may find that outsourcing your IT services will provide a cost saving. Outdated IT systems can seriously impact on productivity and for small companies it can be a major expense to keep IT systems up-to-date. Using services in the cloud might be more cost effective. To find good contractors you might consider using an umbrella company such as atlantic-umbrella.com. Umbrella companies will deal with all the administration work and they will find the right contractors for your needs. This will leave you to concentrate on your core business, which is important if your business is to grow.
Moving a business to a new location can be stressful, but it can also open up new opportunities. A carefully planned move can reinvigorate a business and get it ready for the future.
