7 Challenges Business Owners Experience After Business Relocations

Owning a business is both fulfilling and challenging in many ways. If you have the right strategies, business knowledge, enough resources, regular clients and loads of willingness and dedication to always give and get the best, you are on your way to success.

7 Business Relocations Challenges for business owners
Business Relocations Challenges

The truth, however, is that the road to success is not at all smooth and straight. It is full of humps and cracks, some stones and zigzags that will lead to rough and risky turns. That’s how business usually works. It’s not always fine and favorable to business owners. And there are circumstances that require risky actions to solve or manage the costs. 

 

A risky strategy that is sometimes needed to be done by a company to resolve problems and improve the business situation is to decide on a business relocation. It’s moving your business, office, workplace, to a new place. Reasons for business relocations include insufficient customer attraction and demand for a more spacious and healthier environment that’s near important resources.

 

Even relocating a business has challenges in itself, and if you are a business owner, you must see to it that you are ready for them as they can affect your company greatly. Below is a list of challenges business owners experience after a relocation plus some tips about them!

[1] EXPENSIVE MOVING COSTS

How to adjust expensive moving cost
Expensive Moving cost

Moving to a new workplace location is like moving to a new house. You cannot say it’s cheap because it’s not even close to that! 

 

Expect expensive moving costs plus all the other charges and unexpected changes to make. For the latter, since you will be moving, you will also have the chance to focus on upgrading certain features. That means there will be changes to make, so prices to pay! 

 

Hire professional movers, so you can rest assured that moving out and in will be quick and without hassle. Even if you spend a high price for their services, still you can guarantee that you will get what’s worth your money. If you fail to choose high-quality services, your wallet will suffer. Be wise enough.

 

[2] EMPLOYEE ATTENDANCE

 

The main people to be negatively affected by a business relocation are the employees. Most certainly if many of them live far away, it will not be easy. Many might not be able to always go to work due to the hassle of transporting. Tardiness might be another result. Even if they wake up early, if it’s too far and if there’s heavy traffic daily, your employees might not avoid getting late. Employee attendance will be affected immensely.

 

[3] EMPLOYEE RETENTION

 

You will be a lucky business owner if employee tardiness and absences are your only problem, but what if you lose your employees? 

 

Employee retention is another challenge because an unfavorable location is very disagreeable in many ways for people, considering the tiredness work already brings. Working is already stressing out, so as much as possible, people today choose to have a convenient travel to work. 

 

If your business relocation is ineffective for some or most employees, you might lose them. You might lose people who are working for you. Yes, you might hire new people after them, yet losing employees who already know your company and who already know their job by heart can affect productivity and standards in your workplace. 

 

[4] SUPPLIER ADJUSTMENTS

 

Suppliers will also make some adjustments for you like delivery hours, gasoline amounts and physical efforts. The adjustments could be disruptive for them or not, and if they are, you might lose them too. Well, you can look for another supplier, yet that will take a lot of time too.

 

[5] PEOPLE’S UNFAMILIARITY

 

One of the biggest trials after business relocation is people’s unfamiliarity to new businesses in their place. When you gain clients from your previous location, leaving will be sad for you and for them that support you. When you move to a new place, it’s possible that none knows you there, especially if you are a start-up indeed. 

 

It’s like literally starting anew since people, who could be your target audience, do not have an idea of you. This is why you should work more on promoting your business in different platforms where people stay, both online and offline. 

 

[6] CLIENT LOSS 

 

It’s possible to lose clients after relocating a business, even the most loyal ones you have known. This is when customer satisfaction, expectation and necessities are no longer met! 

 

[7] BUSINESS INTERRUPTION

Put Business Moving sign
BUSINESS INTERRUPTION

The production and productivity of your business will be paused for a certain time because you will need to move everything out. You may experience a lengthy downtime if not immediately finished, and that’s sometimes clients do not find well. 

 

For you to prevent the harms of business interruption, you should set a plan and do something while waiting for the relocation to be done. Talk it out with your employees, clients and everyone else involved, so all are informed properly.

 

>>>

BUSINESS RELOCATIONS CHALLENGES

 

Without a doubt, business relocation requires a huge adjustment to the company and to the people involved in it. That’s why it is surely considered a risk. 

 

The degrees of the challenges depend on whether you are a start-up business or an already-established name with many people supporting your products and services. Obviously, it will be harder for start-ups, but there are difficulties even for known businesses.

 

Since location is an important factor in a business, moving is critical. There are sacrifices to make for an envisioned company state that’s triumphant. 

 

AUTHOR BIO

Nicole Ann Pore is a writer, an events host and a voice over artist. Travel, health, shopping, lifestyle and business are among the many subjects she writes about. She also writes for Specific Relocations, a company providing quality commercial logistics, business relocations and furniture, fixtures and equipment management services to all industries for more than 50 years now. She graduated Cum Laude from De La Salle University Manila, Philippines with a Bachelor’s Degree in Communication Arts.

Leave a Reply

Your email address will not be published.