You may think relocating your business is too much hassle and financially draining but in the long term it might just be what saves your business and creates long term profitability. Location decisions can have a considerable impact on costs and revenues. Every business must decide on the best location, taking into account factors such as:
- Customers: Is your location convenient for customers. Can they get to you? Can you get to them? Is the nature of your business that it relies on footfall? If so, is your business visible to a large pool of prospective customers? Location is critical.
- Staff: Do you have access to a quality workforce with the right skills and who are willing to work for the right wage?
- Support Services: E.g. Your suppliers - are they easily accessible and offering appropriate delivery costs? Are there services offering specialist advise, such as consultants, training and other support? These are critical as well as the infrastructure that feeds the location. The transport networks must be considered for suppliers and employees alike.
- Cost: How much will the premises cost? A prime city location will be far more expensive than an edge of town premises but if your business relies on footfall you may easily make back these costs over time. In comparison if you are for example an online business, perhaps a less visible location is more appropriate as well as being much cheaper.
So consider all of these factors and ask yourself... Is your business location holding you back? Could you be better located in order to optimise your business operations? If so get in contact with Edward Baden to help and guide you through the office relocation process. As experts in our field we have a wealth of experience in managing relocations of all varieties from small businesses to schools and hospitals.