Moving your business is a big decision — one that comes with a lot of factors to consider. From finding the right location to ensuring your employees are taken care of, it’s important to research and plan ahead. To help you get started, we’ve put together everything you need about corporate relocation. Read on for our top tips below.
Define your goals for the move — What do you hope to achieve by relocating your business?
Moving to a new location is an exciting opportunity for your business, and you must define concrete goals to ensure success. You can aim to increase your customer base by expanding your reach, optimizing efficiency with improved infrastructure, and boosting morale with better working conditions in a brand new space.
In addition, higher visibility in the new area could offer the potential for additional partnerships and collaborations to grow your business further. Ultimately, these goals should drive positive returns on your investment and help you leverage the many benefits of relocating to a new business location.
Research potential locations — Consider factors like cost of living, quality of life, and access to talent
When selecting a new location for a business, careful research is essential. Cost of living, quality of life and access to talent should all be considered when zeroing down on the ideal location.
Regarding the cost of living, scrutinizing the price of goods and services specific to the industry is essential.
Quality of life is equally important — looking at infrastructure, pollution levels, and crime rates can help you form an opinion about this.
An abundance of talent is crucial for many reasons; having access to qualified individuals with the desired skill sets makes achieving business goals much easier.
Overall, researching potential locations before making a decision can ensure success for your business in the long term.
Make a budget for the corporate move — include costs like rent, utilities, and moving expenses
Planning ahead is essential when it comes to budgeting for a corporate move. Before you begin packing, take the time to crunch the numbers so that you know what your company can and can’t afford.
Start by looking at next month’s rent for the new office space, including any utility or maintenance fees. As far as the moving expenses are concerned, make sure to account for the cost of relocation services, furniture transport, and fees associated with setting up computer systems and phone lines in the new office location.
A detailed budget will help ensure your corporate move stays within your financial means.
Create a timeline for the relocation process — allow enough time to plan and execute the move properly
Relocation can often be stressful, so it is important to plan ahead and allow yourself plenty of time. A timeline customized to the specifics of the move, detailing what needs to be accomplished and by when, can help ensure everything is done efficiently.
For instance, setting deadlines for researching and selecting movers from a list of qualified candidates and then finalizing the details of the services they will provide, allows you to focus on other aspects of the relocation process.
Additionally, it is important to include sufficient lead time for packing everything in your current location safely and taking care of any necessary paperwork.
Creating a comprehensive timeline that addresses all essential steps helps maximize accuracy during the relocation process and minimize hassles so that you can settle into your new office quickly and confidently.
Notify employees of the impending relocation — give them plenty of notice so they can make necessary arrangements
It’s important to provide your employees with adequate prior notice of the relocation to help them prepare for the move and their future.
Remember that when you’re making the announcement, some employees may feel overwhelmed and stressed; this is common and expected.
However, it’s essential to come up with a strategy to calm their nerves and help them understand the big picture regarding the move.
Also, be ready to help them or guide them through any changes they may have to make in light of the impending move, viz.a viz. renting or buying a new home, changing children’s schools, and understanding the new location better.
The more sympathetic and open to helping you’ll be at this time, the more are your chances of retaining valuable employees and having the move go successfully!
Hire a professional moving company to handle the logistics of physically relocating your business
Hiring a professional moving company is the best way to ensure the relocation process is handled with efficient logistics when moving a business from one location to another.
With the help of an experienced and qualified team, you can reduce stress, save time and energy, and have the peace of mind that your valuable assets are being transported safely.
Additionally, experts can provide an elevated level of service by helping plan furniture placement, organize resources for easy access once at the destination, and customize services based on individual needs. Relocating can be overwhelming, but working with a professional moving company removes the hassle and makes the process much smoother.
Hiring a professional moving company is also advisable to take care of physically relocating your office or store. With careful planning and the right experts by your side, relocating your business can be an exciting and rewarding experience.
About Interest Moving & Storage
InterWest Moving and Storage in Idaho, Montana, Utah & Wyoming can assist you with relocation services — from packing to unloading. An agent of Atlas Van Lines, we have been delivering high-quality transportation services to our customers since 1956. Apart from residential packing and moving, we are corporate moving specialists and provide domestic and international corporate, art, and government relocation services. You can call our toll-free number (800) 877-1091 to book our assistance and get a free quote.