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If you’re operating a business on a brick and mortar basis, you’re going to have to put a whole lot of focus on making sure your business can grow and expand. Increasing competition from the realm of Ecommerce means that you’re going to have to be increasingly savvy with your decision making and sometimes that means having to shift your company from one place to another more lucrative spot that holds more potential for increased sales. This, of course, can be a difficult process. But here are a few areas you might want to focus on, as well as some tips and tricks to make it easier and a greater success!
Location is often the main reason for people moving their small business. When you first start out your journey, you probably have a limited budget and consequently are likely to have your business in a low cost spot that potentially has limited footfall. But by now, you should be well aware that footfall can have a huge impact on your profits. A higher passing footfall means giving your brand greater exposure to the public. The more people who pass by generally means there will be more people passing through your doors, purchasing goods, and generating profit.
Another reason you might be considering a move is because your business is expanding, you’re taking on more staff, and you’re going to need more room to house everyone. Always consider getting somewhere slightly bigger than you need. Your small five-person size property simply isn’t going to cut it after a few months or years. Give yourself room to expand even further, as this will reduce the number of times you have to move.
Making Moving Simple
Have a Cross Over Period
It’s sensible to have a cross over period for the move. You don’t want to have to move the entire store or office in a single day. Reduce pressure by having a week or even a month when you have your current commercial property, as well as access to your new one. This will allow you to take a gradual and phased approach.
Hire a Van
So many small business owners think they can move their entire business in their own car. But there’s often furniture and pieces of equipment that would have to be stacked in a car in a dangerous way to get it from A to B. So, use van hire that will give you a vehicle big enough for the job.
Before moving your company, consider how this will impact employees. Some will already be commuting a long distance to get to work and may not be able to travel any further if you happen to move further away from their home. Weigh up the pros and cons of recruitment and decide whether you’d rather maintain the employees you have.
These are just a few areas you should take into consideration when it comes to moving your small business. Take them seriously and everything should go pretty smoothly!
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