Fusion Assets

Is your business ready to relocate?

If you are currently thinking about how you can improve your chances of success as a small business, then one of the things that you may have taken into consideration is whether relocation would be a viable option for you. Successfully relocating your business isn’t as easy as you might think, and there are certain things that you need to think about before making the decision about whether relocation is right for you. With many reasons that small businesses might fail, your key concern will always be making sure you’re not one of them. With this in mind, you should take your time to think about the issues below, and then make your decision about whether it’s really time for you to relocate.

Will you have enough staff to fill your roles?

Although you may strongly believe that relocation is the right thing for your business, this doesn’t mean that your current staff will be just as excited. If you only have a few people hired anyway, even one person deciding that they don’t want to make the move might be enough to rock the boat more than your company can handle. You should make sure that you definitely have all of the people that you need to relocate before you make any major moves towards doing so.

Will you be able to keep in touch with your contacts?

Depending on the type of business that you are running, it may be vital that your clients are able to come to visit you on a regular basis. If you have moved, then this may mean that their journeys are longer, and there is a chance that they may choose to use a company that is closer to them. Losing a couple of key contracts could be the difference between success and failure, so any relocation plans should be discussed with your major clients before they go ahead.

Are you just moving for financial reasons?

If you find that the main reason you’re planning to relocate is due to financial pressures, then this probably isn’t enough of a reason to make your move. Instead, you need to think about other issues that are hand. There is little point in moving somewhere to save rent if the move is going to cost you clients that will lose you more money than you have saved, for example.

The key is to weigh up the reasons why you’re moving, and the reasons why, perhaps, it might not be as much of a good idea as you first thought. By doing this, you can be sure that you are always making the right decision, and this means that you can make the best possible choice for your business.