The Financial Side Of Office Relocation

06 Sep The Financial Side Of Office Relocation

Financial backdrop is an important part of a successful office relocation. Although the move may be motivated by increased productivity or efforts in building a better corporate image, it is the size of your company’s current budget that will dictate the scope and feasibility of the move. However, if you assemble a relocation task team that knows how to save a bit here and there, you can make the transition without breaking the bank.

FIRST STAGE

There are several key points that will affect the financial side of your office relocation. The first thing you need to do is gather as much information and begin detailed planning. In this way you can be prepared for possible unforeseen expenses and setbacks. When the relocation team starts rolling, one of their first tasks is to outline the aims of relocation. The possible highlights might include more space for additional staff, extra storage, bigger conference room, a versatile event area, and so on. By having the exact business aims defined, you have more real estate to plan the relocation budget.

The Financial Side Of Office Relocation

PRUNING EXPENSES

Depending on the relocation plan that the team has outlined, the relocation may lock in a substantial amount. Now it is time to start looking for ways to save money to make the move as smooth as possible. No matter how much you save in other departments, these saving may be pivotal when the moving trucks arrive.

VALUABLE AUDIT DATA

If you conduct an audit some time before the relocation takes place, your team will be able to see where the money pockets are. Aside from being purposed for relocation, an audit may reveal how much money is wasted in separate departments. For example, if the printing operation uses excessive amount of paper and ink, you may decide to cut the expenses by outsourcing this function.

The Financial Side Of Office Relocation

BUDGET-FRIENDLY OPTIONS

Sometimes, the relocation team will come up with money saving solutions that would be applicable in the future as well. For example, if one of the reasons for relocation is the extra document storage, you may find a more economical solution. By renting a document storage space, you will be able save valuable space and also get a cost-effective, long term solution for piles of documents.

WHERE SHOULD YOUR MONEY GO

Using the savings you secured by trawling the business operation, you can choose, contractors, movers, designers and interior specialists who are capable of delivering your new office as you mean it. Business Movers from Sydney pride themselves in successful and stress-free office relocation, so you can focus entirely on the financial aspect of it. Make sure that you check the track record of the companies you want to hire. You don’t need to a contractor who is filing for bankruptcy in the midst of your relocation.

Although budgeting for your next office move is far down on the fun list, much lower than choosing the color scheme and new IT equipment, setting clear goals for your office relocation is a key to keeping the project within your financial reach.

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