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Office Relocation: How to Minimise the Cost of Moving

Posted March 12, 2013 by Laura Louise Cole to Small Business / Entrepreneurship 3 0
This post was written by a EasyFinance.com Community member. The views expressed below may not reflect the views of EasyFinance.com.

Although moving house can be a stressful and costly process, these issues pale into insignificance when compared to the problems posed by commercial relocation. Moving a business from one location to another requires a great deal of logistical and financial planning, especially if you are to meet strict deadlines and maintain employee productivity.

Many tips come to mind when you're moving offices, like getting your employees to help, which can make the process quicker and less frustrating for the whole staff. Another beneficial thing to do is taking a look at Houston's office rental prices since you may also realize that you could spend less than you anticipated, hopefully, sticking to a reasonable budget. An extra suggestion would be to plan the moving before starting it because this could allow your company to complete the process quickly.

With so many things to consider when relocating your business, there is a pressing need to be prepared and develop a strategic plan of action. You may also be required to delegate certain responsibilities and tasks, as this allows you to retain an overview of the project and fulfil the role of a decisive and proactive manager.

Planning a Successful Office Move: How to Reduce Costs and Meet Deadlines

When planning an office relocation, there are several practical steps that can help you to reduce the financial costs involved. In addition to this, you can also improve the efficiency of the move, and ensure that it is completed within a given timeframe. Consider the following tips: -

Identify Locations that are Compatible with your Budget

While budgets set boundaries in terms of what is available to spend, you should still aim to minimise expenses and save enough capital to create a contingency fund. With this in mind, you should break down your total budget and allocate predetermined amounts for costs including rent, legal fees and office fixtures. This will stand you in good stead when appraising potential locations, as you can balance the initial cost of procurement in line with the need for remodelling and additional work. Without this approach, you may spend too much on your lease agreement and leave little money left over for additional requirements.

Pay Attention to the Finer Details of your Move

When determining a budget and detailing precise figures, you will need to pay attention to the smaller features of your relocation. In addition to the need for furniture and obvious fixtures, you will need to consider the cost of software solutions, Internet provision and Ethernet products. These tools and products are not readily available, and you will need to seek out specialist suppliers in order to access the best goods and financial deals. Fortunately, there are a number of suppliers who distribute specialist electrical goods and solutions on behalf of leading brands, helping to strike the ideal balance between cost and quality.

Consider the Long Term Development of your Business

Whether your commercial move has been designed to downsize or develop your business, you will need to ensure that your chosen location is selected with long term goals in mind. If you are looking to develop your business, for example, it is important to have an understanding of its exact course and how you intend to expand it further over the next five years. This should have an influence on everything from the budget that you set to the precise location that you choose, as your investment will only work if it meets both your immediate requirements and long term goals for the future. This is type of strategic thinking is important for all ambitious business owners, especially those who are looking to relocate their operation.

About Laura Louise Cole: Laura is a business law student and commentator based in Birmingham, UK. She writes predominantly on the issues that face small businesses who intend to relocate, and recommends Electroustic has an affordible source of specialist electrical components and solutions.     

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