COVID-19 has been a difficult and costly year for many business owners. As the dust settles, you may be considering whether to relocate your office or refurbish it. Here are five reasons why you may want to consider moving and how KT ALB transport can support you and your business needs in doing so.
Advantages of Relocating or Refurbishing Your Office
1. Aids in business recovery
Companies in the UK reported that due to COVID-19 and the subsequent measures implemented, sales fell by approximately 30% in the second quarter of 2020. Almost two-thirds of small businesses experienced a decline in revenues. Meanwhile, around 44% of small businesses had to reduce their employee numbers.
In the first quarter of 2021, it was forecasted that almost 15% of UK businesses were at significant risk of going under imminently. Micro-sized companies were seen as particularly vulnerable. In September of 2021, 1,446 businesses closed their doors, which was a 7.2% increase from the previous month.
These numbers show that COVID-19 didn’t just destroy buildings; it destroyed businesses as well. So some companies may be looking to move offices in pursuit of better, more strategic locations. Whether the reason for your relocation is to target more consumers or be in closer proximity with your suppliers, office relocation can aid in business recovery.
Your business’ location can have a significant impact on your company’s success. With a strategic location, you can reach more of your target audience. A better site can also make travelling to the office more convenient for your staff. In sum, you’ll be able to connect with your customers, vendors and employees more easily.
2. Saves you time and money
You can save time and money on renovations by finding an office that’s already built. Relocating your office can also be a good way to save money if you are paying high rent for your current office space. This is where finding a strategic location comes in as well. A strategic location entails not just reaching clients and partners but also finding a place with lower costs for rent, utility fees and other expenses. This will allow you to slash your spending and boost profits.
It is important to consider whether the current space you have is providing optimal value for money. So consider the cost of living, the cost of commuting and the lease costs that could help you save money in the long run. Weigh the pros and cons of moving to a prestigious location with proximity to clients versus moving to a less expensive location.
Scope out an office, store or warehouse with lower overhead costs. Take a look at buildings that charge cheaper costs for lighting, cooling, heating and insurance. It’s best to move to a new facility that is designed around your business needs while at the same time allowing you to significantly decrease the costs associated with office relocation.
3. Improves day-to-day operations
Once you find a new building, there will be less downtime because of construction. An office relocation can also help your business in improving its operations. By moving to a better location, you’re more likely to be found by current customers and new customers alike. This, in turn, can give you higher sales. Another possibility is if your customers are closer in proximity, you can decrease shipping costs by reducing shipping times. Reducing commute times, on the other hand, can help you attract new talent and retain your current staff for a longer period.
Meanwhile, picking a building that’s larger than your current office can allow you to expand your operations. However, note that office relocations aren’t all about upgrading the size of your office. Rather, it’s more about moving your business to a new facility that can best enhance your operations. By going for an office location that best fits the specific needs of your business, you are more likely to increase the efficiency and productivity levels of your company.
4. Gives employees a more pleasant working environment
Your employees will enjoy a more pleasant working environment with fresh paint and new furniture. A new office location can translate into a new clean slate where you can create an environment where everyone can push themselves to their full potential. An office that offers more comfort and good lighting can affect employees’ productivity levels and improve the quality and quantity of work.
Office relocations can be a breath of fresh air for your workforce. Better, brighter offices can promote creativity in the workplace and help employees feel less stressed. Improved facilities, enhanced working conditions and a high level of employee productivity can mean growth for your business. But aside from the increased cash flow, office relocation can also result in happier staff.
5. Upgrades the look of your business
A company’s office space can convey a lot of information about its image and values. When people come into your office, they’ll feel like they’re entering a company that’s going places instead of one stuck in its old ways. This can do wonders for your branding. Relocating and refurbishing your space according to your company values can help you secure connections with clients that have the same values.
Moving to a new space also sends a strong message that your business is growing. This can help you provide potential and existing clients and partners with a good impression, making it easier to win them over and retain them.
Furthermore, moving offices gives you the chance to try new things such as creating open working areas. It’s a great way of implementing innovative ideas and working methods.
Get Reliable Business Relocation Services with KT ALB
Indeed, relocating your business has its advantages, especially following COVID-19. Ensure that disruption to your operations is kept to a minimum by partnering with a professional removalist. Read more about moving business in another article of ours, The Ultimate Guide to a Business Move.
KT ALB Transport is an office removal company that can provide you with reliable business relocation services. Get a free quote by contacting us today.