![]() Negotiate the terms and conditions of leasing the new business location before you have put the business relocation plan into action. Then, list all the facilities and properties (office spaces) in those areas that are available for rent and compare the pluses and minuses of each one.īear in mind that the new location for the business must have indisputable advantages over the current one – otherwise, the entire business relocation plan could prove to be unsuccessful when the dust settles shortly after the business move. Therefore, that’s exactly what needs to be done as the next preparation step for the commercial move.Ĭreate a list of all the areas that are considered suitable for moving the business. It should come as no surprise that a business relocation plan cannot get underway unless a new company location is found and secured. What are the risks of moving to another location? The advantages of a new company location may include but are not limited to a much-improved working environment, more space for employees and the production needs of the company, and easier access to suppliers or skilled workers.ĭevise a detailed plan that will minimize all risks related to the upcoming business relocation. Potential risks that may endanger the success of the entire business moving project may include costly disruption to the production process, loss of key members of the company who do not wish to relocate to the new location, loss of customers due to the downtime, or the inconvenience of the new location, and much higher business relocation costs than foreseen in the beginning.įor a successful business relocation, the benefits should outweigh any potential risks. This is a critical phase of the project simply because it can pinpoint possible risks that are too great to justify the planned business relocation. The next step of establishing a working business relocation plan is to assess and compare all the risks and benefits of the planned office move. Assess and compare office relocation risks and benefits Regardless of the underlying reason for the relocation, understanding why exactly the company is changing location will prevent a bad decision that can cost the business a lot of money and many problems down the road.Ģ. The company management is looking for a more skilled workforce.The company wants to move closer to a target market. ![]() The business needs to lower the operational costs, including paying lower taxes.The company is looking to cut overhead expenses, so it’s downsizing.The company needs more office space because of its growth.The lease for the current office place has expired with no option for extension.Potential reasons for a business move may be It’s important to actually write down those reasons so that you can work out the best solution under the circumstances. In reality, the unique needs of a business will determine the specific reasons for the relocation. You want to make sure the company is moving to another location for all the right reasons so that there are no regrets later when it’s too late to undo what’s been done. One of the very first things you need to do when drawing up an office relocation plan is to list the major reasons why the business has to move. Set out the reasons for the business move Read on to learn the 10 steps to developing a business relocation plan for your company. A well-developed business relocation strategy ensures a painless and stress-free office move. In its essence, an office relocation plan outlines the critical tasks necessary for completing a successful commercial move from one location to another. So, in order to make the task of business relocation as smooth and stress-free as possible for everyone involved in the move, creating a business relocation plan is a must. Moving a business from one location to another is a complicated task that’s not only extremely time-consuming and disruptive but one that may have numerous risks to employees and customer relationships as well. Sometimes the main reason for business relocation can be something as trivial as a lease running out. Trust a top-rated office moving companyĪ business may need to relocate for a number of different reasons – to lower taxes, cut overhead expenses, stay in touch with the target market, move closer to skilled or specialized workers, or look for more space due to having outgrown its current location. ![]() Create a business relocation communication plan Allocate project management responsibility ![]()
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