Owning your own business is certainly a treat, and growth is something every successful business experiences along the way. Sometimes the building you are in when you open your business just isn’t equipped to support your company’s growth.
When it’s time to move, it’s important that you take the time to do it right. Take some time now to read over a few tips for moving your small business, and start planning for the future of your operation now.
Plan and plan some more
Planning is a crucial step to take when you are gearing up for a big move. Moving your business requires a lot of variables to fall into place, and the stars won’t align without a little planning.
You need to figure out how you will physically move everything. You need to know everyone’s role in the move, and you need to have a budget in place for the whole process. Take the time necessary to clearly and meticulously plan your move before you ever take the first step.
Find a better location
If you’re going to move, move to a better location. Consider the traffic flow, the foot traffic, the sustainability of the leasing situation, and the accessibility to your customer base. Make sure the customers you have now are going to be able and likely to shop at your new location as well.
You also need to consider the stipulations of your current lease. You may need to factor in the cost of having your current space reinstated into the budget, as some lease agreements state that you have to leave the property in the condition in which you found it.
Keep everyone in the loop
It’s important that you keep everyone in the loop throughout the process of moving your business. You don’t want to lose a part of your customer base due to bad communication.
Your employees deserve to know what’s happening as well. Of course, you don’t need to divulge sensitive information, but let everyone know well ahead of time that you are planning to relocate the business.
Consider staggering the move
You may not want your business to be down for a while as you move. In that case, you could consider staggering the move. Moving the basic supplies to your new spot, working with a skeleton crew, and using your other resources to get the job done could keep your business bringing in money throughout the moving process.
Be meticulous about inventory
As you work through your move, make sure you have a clear plan for keeping track of your inventory. You don’t want to lose or misplace inventory in the commotion of it all.