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Whether you're moving to a cheaper space or expanding to new borders, relocating a business is never an easy task. From filling out paperwork to packing up office equipment, the decision to move comes with a myriad of challenges that you have to be aware of and prepared for. You want to make sure your business gets up and running as soon as possible when you move to your new place. To help navigate this physically and mentally exhausting process, use the six tips below: Business Relocation: Six Seamless Tips

Study Your Location

Your new location should be conducive for your business to thrive in. If your new prospective location doesn't offer anything new in terms of potential customers, lower operational costs, and other opportunities to capitalize on, then there is moot point in moving to that said location. Study the location including demographics, competition, crime rate, cost of living, etc.

 

Where you'll be relocating to will dictate how much foot traffic comes in and out of your storefront, what fees you'll be paying for, and how much insurance coverage you'll legally need.

Throw Stuff Away

Moving opens up the opportunity to throw those old electronics and worn out furniture that your business has. Throwing out stuff you don't need anymore should be done before you start packing items. This will help declutter the room and give you space to move around while packing and hauling boxes. You can also donate office equipment to charities and non-profits. You can declare these items as deductibles on your tax forms as long as you donate it to an accredited organization. A less charitable way to get rid of your unneeded items is to sell it online. Post it on websites, like Craigslist, and apps, like Offer Up.

Pack Early

Don't wait until the very last week or month to start packing your stuff. If you are moving a fairly sizable business, you should start packing asap. Buy packing supplies including boxes, styrofoam, bubble wrap, and packaging tape. Consider using recycled boxes, which are more cost-effective and environmental friendly. Start with items you don't require on a regular basis. The larger your inventory of items are, the earlier you should start packing.

Consider Hiring a Moving Company

Hiring a moving company means costs, but it also means manpower to help you pack and transport your stuff from point A to point B. Just as it is smart to start packing early, contact potential moving agencies months in advance. Aside from price being the obvious deciding factor, you should also only consider moving companies that have permits, licenses, and proof of insurance.

Procure Insurance Coverage

If you decide to go the DIY route and rent your own truck, make sure to get insurance. Go online and ask for cheap insurance quotes to do some comparison shopping. While most insurance policies have a clause that covers rental cars, there are few policies that cover rental trucks. If you are involved in a crash or any roadside accident, you'll want some insurance coverage to cushion the financial blow. In addition to coverage for your belongings, if you are hiring people to help you load and unload trucks, consider getting worker's compensation coverage.

Ready Your Employees

You're not the only one affected by the decision to relocate your business. If you employ other people, you have to inform them of your plans, especially if you are planning to move to a different state hundreds of miles away from where you're currently established. This gives them time to decide whether or not they can relocate too or find another job. You should also inform your existing customer base. Announce it through a newsletter or even a simple note at the front door.

Final Thoughts

Moving your business to a new location is an exciting time for an entrepreneur. It creates new opportunities to grow your customer base and increase your revenues. Done right, you'll be opening for business in no time.

Lee Flynn is from the Wasatch Mountains near Salt Lake City, UT. After Lee spent years preparing himself, his home and his family, he decided he had to do more. In his free time, Lee helps educate those who want to do the same. Through small local workshops and articles, Lee trains and teaches others on home preparation, food storage techniques, wilderness survival and self reliance. After obtaining a bachelors degree from the University of Utah, Lee moved to the Salt Lake Valley where he now lives with his wife and daughter.

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