future workplace (infographic)
Post on 26-Jan-2017
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Office movingIs an office relocation in your future?
THINKING OF A MAKING A MOVE?
ASK THESE QUESTIONS TO GET STARTED
What must we have?
What would be nice to
What is not necessary?
How much will it cost?
WILL YOUR ORGANIZATION GET A NEW ADDRESS?
WHY SOME BUSINESSES PACK UP AND LEAVE
Improve quality of life
Create space for additionalteam members
Enter new markets
Expand geographic location
New city, new perspective
Increase cash flow
Move to a less expensive location
Learn more about why businesses choose to move.
LOAD UP THE MOVING VAN
TO UNLOAD THESE BENEFITS
Show clients and would-be hires your company is:
Experiment with your new space:
Open working spaces
Reflect brand and company culture:
Show your team (and clients) the love
Improve your bottom line with the potential for:
Find out more about what an office relocation can do for you.
LOCATION, LOCATION, LOCATION
HOW TO CHOOSE THE RIGHT OFFICE SPACE
Determine your needs
Brand imageDoes the space mirror your companys style?
Exposure and accessibilityIs the location easily accessible?
CompetitionWhat other businesses are nearby?
DemographicsDo customers and potential employees live nearby?
Future growth potentialIs there room to grow?
SafetyWill customers and vendors feel safe coming and going?
Building infrastructureCan the building handle your companys electrical, climate and IT demands?
Utilities and other costsHow much will utilities, cleaning services, insurance and parking cost?
ZoningWhat are zoning regulations?
Be aware of hidden costs- Renovations - IT upgrades- Decorating - Business interruption
Determine your tax responsibility
- Income - Sales - Property
Find out the minimum wage
Determine if your business qualifies for economic incentives
2 Evaluate your finances
Learn more about choosing the right home for your brand.
Reasons to buy:
Youd be a better landlord than your current one
You can better control expenses
You will be able to improve your ROI
You change locations often
Increasing rents, common area maintenance costs and moving expenses may be better invested in a place of your own
Your company is hard to move
You have fixtures and equipment that are difficult to relocate
Youre tired of paying rent
Buying a place of your own is an investment
Reasons to rent:
You have big changes in your future
Relocation Expansion Downsize
Youre already in a central business district
You can call the landlord if something breaks
You enjoy the benefits of a full service lease
Maintenance Cleaning Snow removal and yard care
You want to put equity back into your business
Capital investment Working on your company
TO RENT OR BUY?THAT IS THE QUESTION
Get more on renting versus buying.
Cut corners on cost
Fail to use available economic
Miss important environmental or
Dont plan for future expansion
Implement off-brand design elements that are gimmicky
TAKE CAUTION TO AVOID THESE COMMON MOVING PITFALLS
Explore more moving pitfalls here.
Take care when searching for your new work space to find the
perfect home for your brand.
You may reproduce and distribute this infographic in its entirety. You may not create derivative works. (Licensed under the Creative Commons: http://creativecommons.org/licenses/by-nd/3.0/)
1. 10 Things to Consider When Choosing a Location for Your Business. Entrepreneur. Entrepreneur Media, Inc., 20 May 2015. Web. 26 Apr. 2016. .
2. Creed, David. Should You Buy or Lease Space For Your Business? Business News Daily. Purch, 2 May 2013. Web. 26 Apr. 2016. .
3. Henrick, Mark. How to Relocate Your Business. Entrepreneur. Entrepreneur Media, Inc., n.d. Web. 19 Apr. 2016. .
4. Movin' On Up: Why Relocating Offices Doesn't Have to Suck. Business.com. Business.com, 10 Apr. 2015. Web. 19 Apr. 2016. .
5. Parsons, Lee. Feng Shui & Fuzzy Feelings: Creating Company Culture Through Office Design. Business.com. Business.com Media, Inc., 6 Feb. 2015. Web. 25 Apr. 2016. .
Check out more content about Future Workplaces: Podcast Blue Paper
U.S. Small Business Administration
Business development centers
Other business owners and tenants
3 Discover the business climate in your new neighborhood