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One of the great things about the modern world of business is that many entrepreneurs are able to start their companies from home. Operating from a residential address offers many benefits. Not least due to the reduced overheads and pressure for fast results. However, most successful startups will eventually reach a point where they’ve outgrown the home office. It’s time to leave home.
Transporting your venture from the home to a commercial property is a big step to take that brings several risks. Therefore, it’s imperative that you do so in the most appropriate fashion. Follow these five simple tricks to make sure that you do.
Make sure that you’re ready. Timing is everything in business, especially when it comes to expansions. If outsourcing can continue to satisfy your needs for a little longer, you may wish to consider this option. On the other hand, staying in the home through fear of failure can be equally damaging to the company’s future. Either way, analyzing your current situation and creating a thorough plan for the next stage of the journey are vital aspects.
Ensure the commercial venue is suitable. If you are having the premises constructed, using a company that has experience in commercial properties is key.
Consider the increased need for exposure. Showing your ambition in business is great, but it needs to be supported. Increasing the visibility of your website, as well as your physical premises should be top of the agenda. Even if you invest in a van – get it signwritten – it becomes a mobile billboard! Just make sure your commercial van insurance provider is aware – it has to be declared to them. Meanwhile, you may wish to run a promotional event or affiliate scheme to gain more interest. After all, without new clients, the expansion is a little redundant.
Think about the staffing requirements. A bigger operation will probably need to take on new staff, so a successful recruitment drive is key. However, even your existing members may need a little extra training. Safety courses from experts at DuPoint can help ensure that your company remains safe throughout the new chapter. Avoiding those accidents, and the subsequent fallout can only have a positive impact. Combine it with great security, and you should be just fine.
Don’t forget your existing clients. Your customers deserve to be informed about the necessary changes before and during the process. This is especially true if the move will disrupt business for a short time. Failure to communicate with them could harm those relationships.
Of course, every business migration will encounter unique challenges along the way too. Nevertheless, taking care of the above foundations should keep your progress on the right track. A bigger, brighter future awaits.
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