Tips for Relocating Your Small Business
Is your business thinking of moving to a new location? No need to worry, we got you covered with some tips for the journey!
Why are you relocating?
It’s important that you first consider why it is necessary to change your location. If you're certain about the move, you should be able to fully answer the following questions.
- Are you moving for a new market to give you more opportunity than your previous one?
- Are there lower costs to run a business in this new area? Following that, are there better tax rates in this new area?
- Do you intend to keep the same employees or hire new ones?
- Do you have access to a better hiring market for new employees?
- Will there be a better quality of life in the new area?
Create a Moving Plan
1. Figure Out a Specific Location
You need to figure out a specific office location for where you want to move. This space should be considerate of the market of clients you want your business to reach. You also should be paying attention to the leasing options, given that you most likely will be renting space in a new area. It’s also important to consider how far away this new location would be for your employees. Are the employees still going to be able to commute or will you need to give relocation bonuses to incentivize employees to follow your business?
2. Create a Moving Budget
Moving isn't going to be expense-free. It is crucial to figure out the logistics of the move and calculate the expected expenses in advance. This also includes choosing a reputable moving company to help you move as easily as possible. It’s important to ask for quotes ahead of time so you can properly plan your budget, as well as read reviews so you have the best movers.
3. Give a Heads-up
You must let people know that you are moving before you do so. Tell employees and clients that you are changing locations. Give as much notice as possible so everyone can manage this situation in their own way. Some people are going to part ways with your business because they can’t also change locations. Be mindful and respectful of their decisions.
4. Dealing with Equipment
Make sure to have a plan when moving your important servers and technical equipment. Having IT support professionals create a plan for your move is very important. They can help create an easy transition that otherwise could have been a nightmare. It’s also important to figure out if you need more equipment and to order that ahead of time. Determining storage needs is also important because you may not need as much equipment if moving to a smaller office area.
5. Update Location Online
Don’t forget to change your office location on Google and other local listings, as well as your social media profiles so customers will be able to find you after the move. You should update your company website and email signatures to reflect this. Another important aspect to consider is getting new business cards and signs to reflect your business move.
6. Final Details
Make sure your information is registered with the government so you have the correct tax information with the IRS. Also, be sure you understand the mailing situation with your new business location because you will get an influx of mail and shipments during the transition.
Good luck with your new business location!