Moving business: our property tips
Moving house is supposed to be one of the more stressful tasks on the planet.
Just imagine – packing your things, finding the right digs, finding a buyer for your old home. Moving house is like balancing a thousand plates. But for every plate you smash, you lose a ton of your cash.
But if you think that’s bad, just think how bosses moving business feel.
Indeed, moving house is stressful for a little while, but the average business owner quite literally has their livelihood on the line when they’re changing premises.
There are a lot of factors to consider when you’re upgrading your company, and plenty of commercial properties to rent across the UK.
With that in mind, what should you think about?
Be ideal – to an extent
Idealism is all well and good in business – but it won’t make you profit.
When renting a property, there are those places that you know will make you cash. But if they’re out of your price range, vying for them is about as useful as a chocolate teapot.
Before you head into the big bad world of property letting, check your limits with your accountant. The wrong move could make or break your company.
Location is key
Location, Location, Location isn’t just a chance to watch Kirstie Allsop and Phil Spencer flirt with each other – the show title should be a mantra for your property hunt.
Where your business is located could be the key to bringing in customers. A vintage clothing chain, for instance, probably won’t do much business in an industrial area – unless you find some couture loving welders.
Know your demographic well enough to plonk your shop at their front door – they’ll flock to your premises in droves.
Know what you need
It’s no secret that the internet is leaving the high street in a state of dismay. Major web retailers like Amazon have largely killed off the idea of the music store, and they’re trying their best to put bookshops to an end.
But the savviest retailers know to offer something the internet can’t. Book chain Waterstone’s , for instance, has teamed up with coffee giant Costa, so you can enjoy a warm cup of joe while you shop for the latest paperbacks.
This is what customers want – friendly staff, a warm environment and a variety of options right there on the store shelves. And it’s the only way you’ll steal their gaze from the major online retailers.
When you’re on the property hunt, look for a location roomy enough to accommodate a few different businesses. Don’t overextend yourself – but don’t limit yourself, either.