From making room for more employees to choosing a location that’s more conveniently-located for your current workforce, there are many reasons you may decide to move your business to a new office one day. Choosing the right office is naturally an important decision. You want to ideally select a space that will continue to serve your needs for years.
Luckily, deciding where to move when selecting a new office doesn’t need to be as overwhelming as it might seem. Narrowing down your options becomes much easier when you keep certain essential factors in mind. They include the following:
Potential growth
You shouldn’t merely choose an office that has enough space to accommodate your workforce right now. You need to consider how your business may grow over the years, choosing a new office accordingly. Of course, you also don’t want to spend more money on rent than you have to by choosing an office that’s much larger than what you may need.
The best way to determine how much space you will need in the coming years is to study your business’ past growth. Past trends will typically provide insights into future trends. While studying these trends may be somewhat time-consuming, in the long run, doing so will prove valuable.
Your moving company
Planning a move to a new office may be a task you need to set aside time for, but you can at least hire an office moving company to handle the actual moving for you. Thus, as soon as you know you’ll be moving to a new office sometime in the near future, start researching moving companies. The more time you spend vetting your options, the better the odds that you’ll choose a reputable team.
On-site technology
This may seem like an obvious factor. Most business owners know to consider on-site technology and similar amenities when choosing a new office.
However, many business owners don’t fully know what types of on-site technology would benefit all their workers. If your business is relatively large, with various departments, it’s natural that there may be certain technologies and tools your workers would make use of at a new office.
Poll your workers to learn what on-site tech they may want at a new office. It’s worth noting that soliciting their feedback when making these types of important decisions has also been shown to boost engagement.
Taxes
This is not necessarily a factor that will apply to all businesses moving offices. If you only plan to move within your county, for instance, you may not have to consider this detail.
In general, though, taxes can significantly impact the cost of a new office. Some business owners forget this when setting a budget. They focus purely on rent when evaluating the cost of a new office.
It’s also worth noting that, depending on where you move, your choice may entitle your business to a tax credit. For example, you might qualify for a tax credit if your new office includes on-site childcare facilities. Look into the various tax credits your business might qualify for, and consider how they may impact the overall cost of moving to a new office.
Perhaps most importantly, delegate planning tasks ahead of time. As a business owner, you have enough responsibilities already. You don’t need to plan the entire move yourself. Remember, in terms of boosting employee engagement, getting others involved in the planning will prove beneficial.