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Developing A Business Relocation Plan

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June 18, 2014 |

Regardless of the reason why you have decided to relocate your business, you need to develop a solid business relocation plan to ensure that your customers are unaffected by your move. Below we have outlined five important steps you can take to ensure that your business successfully transitions to its new location.

Step 1 – Analyze the pros and cons of relocating your business. Businesses often times move their location simply because the lease has ran out, however, they underestimate the cost of relocation and run into several issues along the way. It is best to make sure that relocating your business is the best decision available.

Step 2 – Include a detailed expenses of the relocation. This is crucial to the success of your move. Nothing should be left out. Write down everything from gas expenses to deposits and calculate the total cost of relocation. Once you discover how much it will cost to move to your new destination, you can then begin planning the process. Coming up with an accurate budget is vital if you don’t want to face any unexpected challenges along the way. Your budget should also include any cost of renting an office space until you can find or afford a new building.

Step 3 – Compare and contrast the cost benefit ratio of various locations in your radar. It is a good idea to get as many quotes as possible and to compare each quote to narrow down your options. While location A may be perfect for foot traffic, location B may fit nicely in your budget. You can also enlist the help of a property agent to narrow down your search even further. Agents have inside information that you may not be aware of and can help you find a better deal.

Step 4 – Develop a management team. Depending on the size of your business, it may be necessary to allocate responsibility for the move to a handful of individuals. Each member of the team can be responsible for certain aspects of the move, which lends itself to the overall organization of the process. This also allows you to focus on what is most important, your customers.

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