Chicago Relocation
 

Relocating your Business: Things to Consider and Actions

October 3, 2012

Filed Under
Chicago Relocation
Blog Author Image
John D’Ambrogio

Relocating your business: things to consider and actions. Considering relocating your business? Firstly, you have to understand your reasons for moving.Is your client base shifting? Are new thriving markets developing in other locations? Are you struggling to recruit staff with specialist knowledge and expertise in the location you are currently in?

Be clear about what your goal for relocating your business is. The decision needs to be made with specific reference to the future of the business – can the business maintain or improve its viability if you decide to move? It is worth considering what the real opportunities are, because relocating is not the best option for an ailing business. Know your business’ strengths and weaknesses. Having a clear vision and motive for relocating is the foundation that you will build your hopefully stronger business upon.

Whatever the reason for the decision to uproot your enterprise it is important to understand the complexity of relocation and be prepared for the journey you, your staff and family are about to go on. There is no set time to complete the relocation and there is no timescale to refer to, it is simply as long as a piece of string as moving a business in most cases can take a lot of time. I advise from a starting point you allow yourself at least six months thorough planning to allow yourself to understand the cost implications of the move and have strategies in place for the operational factors of the move. It is a good idea in the preliminary stages of the move to appoint someone within your structure to be the lead of the relocation project. There are many areas to consider such as finance, IT, human resources so a good project manager who can co-ordinate the internal changes and communicate them to the relevant key departments. The next crucial people you have to get on board are a solicitor and a commercial agent.

In regards to finances there are many things to consider from the outset. These include different premises rates and service charges, legal costs, communication costs amongst others. You must be fully aware and prepared of the cost implications as this could be the difference between a success and unsuccessful move. Lack of planning could lead to funds coming to an end before completion which leaves the move and your business at a stand still.

Choosing the right location is key. This is an obvious importance but the location is really what will make or break your business. Indications of a failing area can include: a lack of local jobs available, a high crime rate, poor education results. Good indications of growth and development in an area include: new shopping areas, major companies setting up within the area, good transport and connectivity links. These are signs of an active and engaged business community and a definite sign that your business would sit well here. It is a good idea to speak to some of the local business owners about your possible move and how they find their progress within that location. Visit the locations personally, it is your business so it should be you that decides, also visit possible spaces to get an idea of fitting costs and turn around for getting the space fully functional.

Most importantly, make sure you are comfortable with the location for other purposes than simply the business. You may be uprooting your family and self to start a life there so it has to fit with your lifestyle and personal circumstances. Check out the schools and any recreational facilities you enjoy within the area to see if this can be your new home as well as the hub for your business. Just be completely sure the location is right for you and that the surrounding market is suitable for continued growth and development.

Author bio: Rionne Williams is currently writing on behalf of www.selectproperty.com where she is developing content and social media strategies for the website. She is also a keen blogger and content writer on a range of subjects.