A Business Owner's Roadmap to Effective Relocation or Expansion
Relocating or expanding your business can lead to reduced taxes, a more aligned workforce, and many other benefits. The better you plan, the more likely your company is to experience a seamless transition.
In this guide, we’ll dive into the ins and outs of relocating and expanding your business and share tips on how to manage it efficiently.
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What to Consider Before Moving or Expanding Your Business
Financial Considerations
Consider the following factors when assessing the financial impact prior to the move:
- Overall costs of relocating (plan for additional costs)
- Additional tax incentives and tax credits
- Potential impacts on profitability and your bottom line
- Investment for new office furniture, networking equipment, and more
- Cost of new storefront signs, message boards, and other business signage
Logistical Factors
It’s important to thoroughly plan for the logistical elements of your expansion or move. Consider your office space requirements, real estate options, and moving company choices.
Telecommunication Services
Plan your telecommunications transfer months in advance to ensure continued connectivity throughout the entire process.
Connectivity
- Transferring your Internet, TV, and phone services
- Finding the best Internet connection type for your business
- If your provider isn’t available in the new location, be sure to vet new providers well in advance
Learn how to find your new local business provider for Internet, TV, phone services, and more.
Networking
- Network solutions, including infrastructure, data backup and recovery, business cybersecurity, and more
- Consider the best methods to minimize downtime, communicate with employees, and keep your customers updated
Human Resources and Workforce
Managing employee relocation or new hires require flexibility, effective communication, and even incentives. Relocation packages can also help employees cover the costs.
Market and Growth Potential
Thoroughly assess the business climate, explore new markets, and seek out new partnership opportunities to maximize your growth potential.
Quality of Life and Environment
The overall living conditions of your new location (cost of living, real estate market, crime rate, etc.) can have a major impact on employee morale and talent recruitment.
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3 Steps for a Successful Expansion or Relocation
Step 1: Comprehensive Planning
Create a detailed relocation plan that includes timelines, budgets, responsibilities, selecting the best Internet connection (i.e., 5G vs. broadband), and more.
Step 2: Choosing the Right Location
Consider factors such as market potential (if your business is location dependent), ease of access, and potential tax incentives when researching new locations.
Step 3: Preparing for the Move
Coordinate your move with all employees, service providers, and other relevant stakeholders to ensure the transition goes off without a hitch.
How to Transfer Your Critical Business Services
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Post-Relocation Tips
After your move, you’ll need to focus all of your energy on quickly establishing your presence in your new location. Here are a few tips:
- Quickly establish your operations and presence in your new area.
- Be sure to update your business profile on social media, search engines, and other platforms.
- Send emails and make phone calls to inform your clients and partners about the move.
- Consider hosting and even live streaming an open house event to attract new business.
FAQs
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How Business Services Connect Can Make Your Relocation or Expansion Easier
We’re here to help make your relocation easier by connecting you with the best providers based on your new business address:
- Business Internet Services
- Business Networking Solution
- Business Phone and Voice Services
- Cellphone and Mobile Services For Your Business
- Corporate Cable TV Services
Whether you’re a small business owner considering the cybersecurity implications of your move or you’re simply trying to find a new Internet provider in the area, we’re here to help ensure your next move is your best move.
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