4 ways moving office can bring your business ROI
Whether you are a growing SME looking to expand your company or in need of a more central location to run your business from, moving office can be an exciting time. However, for some, the predicted cost of moving office creates barriers, resulting in managers choosing to stay in cramped or inefficient buildings. Others decide to takeon the task themselves in a bid to save money, which is risky since even the smallest of errors can have catastrophic effects on a company’s bottom line.
“Many make the mistake of assuming that taking on the task in-house will save money, but with the man power requirements, furniture struggles and hire requirements, it can often work out being a much costlier process than first thought,” says Anthony Robinson, Managing Director of Oxford Removals company Robinsons Removals. “For peace of mind, and to ensure your belongings arrive in one piece undamaged, getting the professionals in is the practical option.”
When managed properly, there are number of ways an office move can not only pay for itself but also bring ongoing returns on investment to your business.
Let’s explore 4 ways moving office can bring your business ROI.
Having more space, a nicer working environment or a better location can help to improve your workforce. Whether your new premises provide you with the opportunity to expand the existing team or place you in a prime position for accessing larger talent pools, an office move can open exciting new doors when growing your business.
A recent move to bigger and better offices displays an upward trajectory for growth, which can make a company more attractive for both prospective employees and clients. Having an impressive space to host existing client meetings is also important since it can have a huge impact on how customers view your brand and business.
Increase employee productivity
Countless studies suggest that better and brighter designed offices have a positive impact on your employee’s mind-set, leading to a happier, more productive and creative workforce. In turn this can lead to a higher retention of staff since if people are content in the workplace, they are more likely to be performing at their optimal ability. Before moving office, it is a good idea to incorporate a good balance of break-out areas into your new floor plan, as well as innovation zones to promote collaboration and a quiet room to give staff the opportunity to get away from distractions and completely focus on complicated tasks.
Moving offices provides businesses with the chance to evaluate their financial outgoings. Re-visiting your list of suppliers will help you uncover any areas of overspending. It is worth investing time into reviewing your current suppliers and seeking quotes from alternative companies since a simple switch could result in large savings and long-term ROI.
Likewise, specifying and utilising green and sustainable resources, techniques and practices for heating, lighting and cooling your office space, could result in a 30-50% reduction in your annual office energy costs.
Improve business efficiency
It is also important to look at your IT infrastructure when moving office and checking if you have the most efficient and effective systems in place in order to save you and your team time and money. When assessing your internet, cabling, connection points and servers, it is essential to not only think about your office’s current technology needs but your future requirements too.