Whether your business is downsizing, has plans of expanding, or has been met with unforeseen circumstances, a relocation might be the only way forward. And while searching for new office space can be quite exciting, especially when there are plenty of budget-friendly options available, it isn’t smart to jump right in without a clear vision of what is needed and what can potentially harm your operation. Here are a few practical tips to aid you on this pivotal quest.
Establish a Clear Budget
You probably have a general idea of how much you are willing to invest in this new space, but you don’t even bother searching for properties unless you have an exact limit. Get clear on how much your business is sure to bring in, and measure it towards the cost of the building and your expenses. This isn’t the time to be overly optimistic as you don’t want to be in this same position just a few months from now.
Thoroughly Research Locations
If you aren’t planning to have customers in and out of your business throughout the day, your shopping pool will be more vast, but as both you and your employees deserve a safe place to work, welfare and security should be at the top of the list. Pay attention to crime rates, find out what is nearby, and determine whether or not the daily commute will be worth it for all parties involved.
Study the Layouts
While the quality of the neighborhood is paramount, the layout is just as crucial. Not only is having enough space to work necessary, but you will also want to account for any office equipment and amenities that will enhance the environment. Choosing a suite that resides in a large building comprised of other suites is beneficial because there are often shared spaces and impressive services available to all tenants and employees.
All in all, finding the ultimate office space is quite simple once you map out your standards and figure out how much you can put towards the cause. While on the search, you will likely spot a few deals that look appealing at first glance, but applying patience and due diligence will be the key to connecting you with the property of your dreams.
Perhaps the most common trait amongst some of the most successful business figures is the yearning to keep learning. As a business owner, you know that trends, materials, and marketing changes on the fly. It is recommended to learn from those who’ve been in your position through the act of reading. But where should you start? The following list includes some of the best books that business owners should take the time to read.
7 Habits of Highly Effective People by Stephen Covey
There’s a reason why this book has continued to fly off the shelf year after year, and that’s because it’s simply timeless. Stephen Covey goes in-depth regarding the various areas of business, not just the logistics. He helps the reader understand the importance of improving all areas of their lives, including people’s lives outside the office. This book will learn about the art of time management, improving workflow, and having a positive mindset. This is no doubt a must-read, especially if you’re starting on your journey.
Influence: The Psychology of Persuasion by Dr. Robert Cialdini
Suppose you could only know what makes people say yes, then everything would be easier. Although it’s not possible to read people’s minds, it is certainly possible to become more aware of what people are thinking and how that influences their decisions. In this book, Dr. Cialdini goes over the six universal principles of customer persuasion. The book also helps you, as a business leader, avoid being influenced by specific physiological influences made by your clients, which can save you from making costly decisions.
The Art of War by Sun Tzu
Although this book is meant to educate war generals, it undoubtedly resonates with the world of business. For example, in the book, Sun Tzu talks about not letting your enemy know what your plans are. This allows you to catch them by surprise, and thus your chances of victory improve as well. This lesson can also be used in business. If you’re working on a new product or service, it would be wise not to tell anyone outside your company. Work on it until you know that it’s ready for the public, and only then should you attack the competition.