Moving an office or business can be a costly process as it involves a loss in productivity as staff members are involved in coordinating and planning the relocation process. S & Sons Moving is one of the most reputable office movers for Toronto and the GTA. Our Toronto movers will assure you that your relocation runs smoothly from start to finish with a customized moving plan which coordinates all aspects of your move.
Things to Consider With A Corporate Relocation
Before you seek funds to relocate or even open a new location for your business, it would be a good idea to write out a corporate relocation business plan because lenders want to see that you have a steady and successful track record, and that you will maintain this trend in the future. The first thing you should consider is why you want to relocate your business. If you are interested in reaching a new customer base or to increase product sales, mention this in the business plan. You should also research the place where you want the new location to be, as you will need to identify and confirm sufficient demand for your products or services by the people who reside near the projected new location. Finally, always have other locations in mind in the event your original plans do not work out.
Hiring a Corporate Relocation Moving Company
If your business is relocating to another city, you need to hold a staff meeting to discuss the matters involved, and think of ways that you can retain your current employees if they are doing an excellent job for your business. First and foremost, you will need to hire a reputable corporate relocation moving services company to help with your move, alongside other administrative duties. If your budget allows it, offer a financial incentive for your employees to relocate as a kind gesture of acknowledgment and appreciation for their work. And if you cannot afford to do this, give your employees advice on affordable ways to relocate to the city where the new business will be.
Ways to Obtain Funds for Corporate Relocation
One way to get funds for the corporate relocation is to visit different banks and apply for business loans. Another option is to get Provincial government grants or grants from organizations that help Toronto businesses get financing for relocation. Use part of your personal savings to fund the new location and if necessary, cut back on certain projects in order to afford the new location.
Inform Your Suppliers and Clients
If you decided on how, where and when you will relocate the business, you will need to let your suppliers know since your business revolves around the sale of their products or services. Secondly, you’ll want to inform your clients because they are the ones who make you money by purchasing your products and services. In addition, you may want to place a noticeable sign on the front door at least 1-2 months before the move so that your customers are well informed in advance with your business operations.
As a company owner, you will eventually expand your business to new locations as a result of the success you experienced since your initial opening. Always thank your employees for their contributions and also reward your customers with discounts and other perks. Research the competition in the area where the new business will be located. When you relocate, get together with your sales team to develop new and effective marketing strategies that will gain new customers for your company. You also want to visit the residential spots near the new location and ask about the types of services they need from a company such as yours.
