It can be very expensive to move a small part of your business, much less the entire operation. Sometimes, however, it is worth the effort – whether you are looking to expand, relocate to a more lucrative region, merge with another company, or do major restructuring work.
Management of an office move requires that you are aware of all factors. This includes changes in commutes, immediate costs (cost of moving, cost of equipment, down payment for a new location), as well as long-term changes such as changes in shipping and supply costs and changes in distribution, property taxes changes, payroll changes, financial impact on working capital, cash flow for the fiscal years, and so forth.
Let’s take one step at a time to tackle the possibility of an office relocation.
THE OFFICE RELOCATION
No matter what your motivations for moving the office, you’ll need a feasible location.…