One of the best signs of business growth is expansion. When a business starts booming, they may have to move into a bigger location or a different part of town to get in front of the right customers. This is all a sign of success. Before you move to make sure you create a checklist that allows you to be aware of everything that must be done first before your big move. Overlooking any steps could lead to a disaster and hurt your business tremendously.
First, before you move to a new business location you need to check out the location. Walk around the new location inside and out. See what part of town the new location is in. Figure out would this location be the right place for customers to find you. You truly must learn and understand that your location is key to you having business success.
Second, before signing a lease be aware of all expenses before actually signing your lease. Know the deposit to rent a location. Have the down payment if you are buying a location. Know what your monthly rent or loan payments will be. Be aware of any taxes you will have to pay. Have a good estimate of how much your monthly operating expenses will be. For example, utilities, cable, phone, internet and etc. Once you have a good idea of how much this will cost then start looking for places that will be an ideal amount for you.
Third, now that … READ MORE ...