Moving to a new location might be necessary if you feel like your current office is not meeting the needs of your company anymore. However, relocation is a huge decision, meaning you must carefully think it through. You need to have a clear purpose for why you are moving. For instance, you need more space to expand your business or wish to be in a location where you’re closer to your target market.
Here are the pros and cons of moving your company to another office space.
Pros of Relocating
Maximize Your Space
With more space, you can accommodate more team members. A more spacious office will also ensure there’s a place for all your supplies and equipment. On the other hand, if your current office is too big, you can reduce costs by moving to a more appropriately sized one.
Have Room for Growth
Moving to a new office space may be what your company needs to expand. Relocating also signifies that you are ready to grow financially. Choosing the right location can help your business significantly gain more profit.
Boost Employee Productivity
A new company location can do wonders for the performance of your employees. Transferring to a more comfortable place will help improve their focus. When inspired by their environment, they will feel encouraged to create more and better outputs.
Cons of Relocating
It Can Involve Significant Costs
You must be financially ready for office relocation. Aside from relocation costs, you need to prepare for the loss of productivity during the process. You must plan your move carefully to minimize business disruption. Moving can also mean you need to purchase new furniture, technology and appliances.
Some Employees Aren’t As Open to Change
Another thing you must be ready for when relocating is people in your company who aren’t as open to change as others. Consider possible arrangements for them, such as flexible hours if needed. With proper planning, you can create a workplace environment that encourages creativity and productivity.
Whether you are looking for a new office space or a virtual office, Connecticut Business Centers has options for you. We have meeting rooms, virtual offices, office spaces and more! Give us a call at (203) 359-5600 or fill out our contact form to learn more about our workspace solutions.