By Will Sanford
If you are thinking about relocating your office space, there are numerous factors that you need to consider if you want this to be a lucrative move. Simply picking out a location can be a nightmare, not to mention all the additional expenses of the lease and possible hidden costs that you can come across. To help you with this endeavour, we have prepared a list of the most crucial points you need to cover while choosing the perfect office space for your small business.
– Where to move
First things first, choosing the right location can make or break your business. Therefore, make a list of key features your new spot has to have since you don’t want to move to the wrong neighbourhood just because it’s less expensive. Additionally, take into consideration whether the new location is easily accessible for all your employees and business partners. Lastly, make sure that the parking is also close to the firm so that your workers won’t have to walk ten blocks to get to work and visitors aren’t inconvenienced.
– Competition
Business experts suggest that when it comes to moving your business, you always need to look out for the competition. This will help you avoid losing profits by moving to a part of town that already has four or five companies that have your exact business model. However, getting in contact with other competitors can turn out to be extremely lucrative if you manage to create beneficial partnerships with them. Lastly, you can notice that it all depends on whether you’re ready to cooperate with your competitors or even try to play aggressive and overtake the neighbourhood, or if you want to play it safe and start somewhere far away from your competition.
– Make sure the wiring is installed correctly
The majority of entrepreneurs know that an office can consume twice the amount of electricity if the wiring is done incorrectly. This may additionally represent a big safety issue that can lead to work-related injury lawsuits. Therefore, if you want to make sure that you are investing in a safe office space, follow the example of Aussie business owners who put their trust in a reliable Sydney electrician to help them out in situations like these, and contact your local professionals.
[amazon_link asins=’1591848369′ template=’ProductAd’ store=’succeedingin-20′ marketplace=’US’ link_id=’2c32968a-30fa-11e8-a994-21db9601b87c’]- Can the space support all your needs?
Another important aspect that you need to consider before signing the papers is the size of the office space since you need to be certain that it can meet all your needs. For example, the law prescribes that your business needs 70 square feet per employee. On top of that, you need space for business meetings with workers and clients. Additionally, business experts suggest that it is vital for a business to have a recreational area and a space for breaks and lunches to raise the workers’ morale and productivity. So, don’t accept any offers until you are completely sure that your new office can meet all your needs and expectations. Also keep in mind that you don’t want to have to move each time you add a new employee so consider future business growth needs.
[amazon_link asins=’1928742262′ template=’ProductAd’ store=’succeedingin-20′ marketplace=’US’ link_id=’71af6fe3-30fa-11e8-ba35-89a00138df57′]- Hire an attorney
Last but not least, hiring an attorney may seem like an unnecessary expense, but we guarantee you that it will be worth it in the end. This is particularly important since some landlords may try to trick you into signing something that will benefit them more than you. Therefore, to make sure that there will be no hidden expenses after you have settled into the new office, invest in a trusted business attorney. On top of that, a lawyer can help you draft future contracts with clients and partners, and they will definitely make sure that all your dealings are according to the law.
As we can see, it doesn’t take much effort to make the move to a new office a successful and lucrative endeavour. You just need to consider all the factors, hidden expenses and not be afraid to make a bold move. Remember the saying: “You miss 100% of the shots you don’t take.”
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Will Sandford is a Sydney based wood architect, blogger and contributor on interior design and ecology blogs. Besides that, he is also interested in home improvement combined with green technology. In his spare time, Will enjoys surfing and rock climbing. He is a regular contributor to SmoothDecorator website. Connect with Will on his Twitter account.
