3 Business Tips and Tools for Smart Company Relocation 

Here at CHBO we know that corporate housing is just one small piece of any company relocation or individual relocation.  Our primary goal at CHBO is to quickly connect those in need of furnished monthly residential housing with the right property to meet their needs.  In addition CHBO is passionate about being a knowledge base for all the ins and outs of property management, corporate housing, business travel, corporate relocation and all of those elements that intersect with corporate housing, so today here are some company relocation tips…

The decision to relocate a business is typically no different than relocating a residence. Relocation is an opportunity to pursue a promising path of further change, growth and success—and for enterprise companies, moving is a chance to take your business to the next level.

A new location may offer enhanced branding opportunities, a pool of more qualified employee candidates, close proximity to valuable customers, a greater space and even an improved quality of life. With thorough research, precise logistic and financial planning, relocation has the potential to completely transform your business.

If you’re ready to move your business, these tips and tools can help make for a smooth transition.

Location Matters

To find the right location, ask yourself, “What is non-negotiable and what can be safely comprised?” “What are my personal needs as an owner?” “Is this area where my target customers are?” Answers to these questions can help lead you to a smart decision. If you’re aiming to influence a new market, you’ll need to collect data that supports your move to a specific community.

  • ZoomProspector.com connects businesses to the right communities. This online resource provides access to the latest geographic information system (GIS), demographic, population, income and labor data for a prime site.
  • City-Data.com provides detailed data and demographic profiles of cities and neighborhoods to help you determine if an area will meet your business needs.

Other considerations include:

  • How to attract the best labor force
  • Commuting radius, transportation options and tax rates
  • Proximity to customers, distributors, suppliers and competitors
  • Services by a real estate agent and lawyer to help with rent and lease negotiations

Effective and Efficient Moving

Before you start to actually move, develop an organized and coordinated plan that includes:

  • Documented inventory of everything that needs to be moved, discarded, replaced or upgraded. Your goal during this step is to maximize time and money. These items include your product, furniture, equipment, workstations, etc.
  • Timeline of moving schedule and date based off of when you need to be out of your old location and when you can access your new location. Small Business Trends notes that it’s easier for your team to maintain productivity by going through the process gradually step-by-step.
  • Professional commercial moving services.
  • Transfer of communications, electronic, computer information, company network and security systems.
  • Customer notification of your vacancy and new location through email, a website announcement, press releases, social media, updated online listings and invitations to a grand opening.

Hughes Marino, a top tenant representation firm, offers a downloadable business move checklist and coordination tasks. These innovative moving preparation apps can also help mitigate overwhelming challenges for a more efficient corporate move.

Employee Engagement

Relocation can become chaotic for business, which is why your strongest employees need to be a top priority. If you’re relocating to another state, you may want to offer relocation incentives to keep your most valued employees in support of this transition. These types of benefits can be lump-sum relocation bonuses, cost-of-living adjustments (or higher salaries), temporary housing benefits, spousal employment or childcare assistance.

To keep productivity high and stay connected during this process, you may want to equip your employees with a laptop, tablet or smartphone for working remotely. For example, the iPhone 6 features a fingerprint sensor for mobile security, Wi-Fi calling for touching base from any location and FaceTime to connect with another employee (digitally) face to face. A strong, committed team can not only help relaunch your business immediately in its new location, but can also uphold productive operations throughout the move.

Read more great tips for personal and company relocation on the CHBO Blog.

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Kimberly Smith is an accomplished entrepreneur and published author with more than 20 years experience as an entrepreneur in the areas of real estate, property management, corporate housing, website development and franchising. In 1999 Kimberly and her husband/ business partner, Eric, launched AvenueWest Corporate Housing, Inc., a multi-million dollar success story. AvenueWest provides real estate property management of furnished residential properties offering full service corporate housing services to upscale executive travelers in need of a monthly lodging solution. A recognized leader in the industry, they were awarded CHPA’s 2010 Provider Company of the Year Award and listed for 3 consecutive years on Inc Magazine’s Inc 5000 list of the countries fastest growing businesses. Inspired to help people find corporate housing and real estate solutions on a national basis, Kimberly and Eric came up with a business idea to create a national resource dedicated to connecting furnished rental properties with executive renters. In 2006 CorporateHousingbyOwner.com (CHBO) was launched, the first-of-its-kind online portal connecting furnished rentals and the traveling public. In 2013 CHBO was recognized by CHPA as the Associate Company of the Year. In 2009 AvenueWest Global Franchise was launched allowing for the national expansion of the AvenueWest Managed Corporate Housing product. Current offices are located in Phoenix, Atlanta, Fort Collins, San Francisco, Boston, Dallas, Denver and Colorado Springs.

1 Comment

  1. Yilliang Peng
    April 20, 2017

    Thanks for the information listed here on relocation services and what to keep in mind when moving your business. Because my work is expanding its horizons a bit, the CEO decided to move us to another office location. Because of that, we have decided to go with a relocation service to move all of our things. This would also be really helpful for family moves as well, etc. Thanks for the post!

    Reply

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