Are you planning on relocating your business? When you want to change the location of your business premise there are many things that will affect the decision made.
You will not only have to take care of all the stake holders of the business but you will also need to take care of the business operations itself! Read below to find out some important pointers to help you out!
Know A to Z about the location
The very first thing you need to do before relocating to a new location is, you should learn about the area. For instance, you should know how secure the area is. It is of great importance that you know everything about the location before shifting there. For instance you need to know how accessible the area is to your customers and you should also know how reputed the area is.
Whether it is a safe place to keep all your stock and of course for your employees to work in. The building should not only look nice but have all of the necessary facilities in place!
The new things should be made transparent
It is only natural that in any new location or office building there will be many different things available and also there will be things that were there previously but unavailable at the new place. So, these should not only be clearly told and explained to the employees but also the employees should be trained on how to use any of the new technologies. If a biometric identification system has put in place of a manual register process to record attendance, the employees need to be given the appropriate trainings which will not take more than a few minutes.
Stake holders
The stake holders in a business whether internal or external will all be affected by the idea of a business to relocate. Employees and the customers will be the most affected! If you have a car park for the customers at the new place it might be an excellent upgrade that the customers will appreciate. But if the location is too far away than before and there are many other substitutes in the previous area then they might switch to the substitute. Sometimes the relocation may also mean that your costs have increased. For instance, if you have to install a Hikvision HD TVI DVR for the CCTV Cameras and you also need to undertake renovations to the building then you may have to increase the price of the products to cover the cost. Hence again making your product less competitive in the market.
Financial aspect!
Always keep in mind that before you shift to a new location you should always draw up a budget and ensure that you can not only manage all the cost of the relocation. But to also avoid incurring huge costs hence having to increase the price of the products. Always ensure that the financial aspect is taken care of by a professionally qualified person!