Improving your business premises is something of a double-edged sword. On the one hand, it’s an enormous drain on your finances – but on the other, it could prove fruitful. There’s risk in any business change, of course. And, if you decide to upgrade for the wrong reasons – vanity, for example, then it can prove disastrous.
But, if you are looking for an excuse to make that upgrade, you have come to the right place. We’re going to go through five sure signs that you need to make changes, or move out and invest in a better premises. Ready to make a change? Then read on.
Health And Safety Issues
As your business grows, it’s going to cause various stresses and strains on the building you are in. Your office might be too crowded, or there could be too many devices plugged into the mains. Never forget that you are responsible for your employee’s health and safety. If you slip up, it could have significant consequences. At the very least you are going to have to upgrade your working space. And, if that isn’t possible, we suggest you find somewhere else big enough to accommodate you – as soon as possible.
Attract More Customers
As a business owner, you should always be looking for ways of attracting new customers. And, one of the key factors that enable you to do this will be your location. If you are a shop stuck away on a side street, you won’t maximise your footfall. In this scenario, it makes sense to get a little closer to the action in a more central location. Another thing to think about is how your business looks. Let’s take the restaurant industry as a good example. People won’t want to eat in a messy, dingy restaurant. So, you should look into finding a suitable restaurant fitout that fits the needs of your customers. This applies to all businesses, of course.
You Have A Change Of Goals
When your business moves on and grows, your goals will change – in a dramatic way, in some cases. And, when those aims change, so will your business needs. You might wish to get closer to a new market, for example. It could be in another city, state – or even another country. If you are nearer your biggest market, you can save costs, offer better deals, and your business should grow enough to cover any expenditure. Also, you might develop a new product, which needs different machinery. In this scenario, it makes sense to move to premises that can accommodate your new gear.
You Need Extra Facilities
Our final point is another important one. As a small business, you might not need a lot of facilities. You can get by in a small office, or even work from home. But, as you attract more clients and employees, it’s going to be hard to accommodate them. Even something as simple as car parking can have a severe impact. If you only have four or five spaces outside your premises, where do all your staff put their cars? And, if you are entertaining clients, will you expect them to take public transport? In this scenario, it’s vital that you think about moving.
Hope this has helped – check out the rest of our blog for some more awesome business tips.