Your business is growing. Like crazy, even. That’s a good thing, right? Of course it is, but then come those growing pain decisions. You wonder if you should seek out new space or renovate your existing space to better suit your needs now and for the future. Here are few questions to ask yourself that may help with this very important decision.
Do you like the location you are in? If that is a resounding no, there is your answer. Get looking for a place where you want to be instead. However, if you do like where you are located and it has all the amenities and transportation means you need, you need to ask yourself if there is anything else out there that would fill your needs, as well. Remember not to just think about your needs, but also your employees. Don’t be afraid to ask them what they want. It might surprise you to learn that they are having struggles based on your location that you didn’t know about.
What are your goals for the future? Take the time to work up growth projections for the next five to seven years to determine if the space you are in could accommodate where you hope and expect to be. Consider also if you are in a position now to afford the bigger space you’ll need later. Moving at the wrong time can put your company in financial trouble, particularly if it doesn’t end up growing at the forecasted rate.
What will it cost to do the commercial remodel? This can be a tricky one because it isn’t just about what the contractor will charge to do the remodel. You should offset that by the positives you will gain, such as decreased employee turnover and increased productivity, which usually result from workplace improvements. When considering the cost, remember to factor in the remaining term of your lease and renegotiate now if you are nearing the end to be sure you get to enjoy the fruits of your investment.
To be able to make your decision with all the key information in hand, give us a call at KC’s Improvement & Construction Co., Inc. to get a quote for the commercial remodel you have in mind. We will provide you with the numbers you need, including a timeline so you can determine how to keep productive during the project. That may mean relocating to a temporary space, or we can devise a plan to work around your staff if need be. Let us put our 30+ years of experience in the Greensboro, North Carolina area to work for you. When you aren’t sure which way to go, let us help by supplying the information you need.