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By Anica Oaks

When you start a business, the hope is that it will grow into something successful. However, when you do find that success, it can lead to unexpected problems and pain points. One of these problems is having a lack of space in your current building for all of your operations. If you think it might be time to look for a new facility, here are a few ways to tell that it’s definitely time to take the leap.

Healthy balance sheet

One of the most important components of a successful move to a large building is having a healthy balance sheet. If your business doesn’t carry too much of a debt burden, you’ll be in a good position to move into a larger space without worrying about spending too much money. Plus, you’ll be able to take on the higher utility bills, insurance costs, and property taxes that typically accompany owning or renting a larger building. Remember that a business move also comes with costs for a moving company, cleaning company, and potentially a security deposit if you are leasing the office space.

Good location available

When your current space feels tight, it can be easy to get impatient to the point that you settle for any available building. However, you’ll truly know the time is right when the office space for rent is in a good location. Whether it’s for logistical purposes or you simply want more visibility, it’s important to find a building in a place that will support your goals. One other aspect to consider is proximity to your employees. Most will not like a longer commute, so be sure to survey them and find out how far they are willing to drive for a new office location.

Inability to effectively serve customers

A growing business often brings with it more customers. When these customers or clients come into your facility, they will expect a certain standard of service. However, if you are outgrowing your facility, you may not be able to achieve this standard of service due to the lack of space. Therefore, if your current facility is impeding your ability to serve your customers to the point that they might form a negative opinion of your business, it’s time to move on.

Slowing down work

It’s not just your customers that can suffer from a facility that’s too small. Your employees can also feel the effects of tight spaces. In many cases, an undersized facility will slow down your workflow to the point that you’re not able to keep up with demand. Whether it be because you don’t have enough space for more desks or cubicles, employees are manufacturing goods in your space, or you sell products from your location, not having the proper room to do this will inhibit your growth. To ensure that the overall employee morale doesn’t suffer, it’s important to find a new facility with your employees in mind.

In some ways, moving to a new facility is a risk. However, it is most certainly a risk worth taking. If you make the proper preparations, you will give yourself a good chance of success, leading to fantastic growth opportunities in the future.

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Anica Oaks is a professional content and copywriter who graduated from the University of San Francisco. She loves dogs, the ocean, and anything outdoor-related. You can connect with Anica on Twitter @AnicaOaks.