Downsizing? Here Are a Few Things to Plan For

Many businesses are feeling the impacts of a turbulent economy in light of COVID-19. While most are still open for business, office spaces may look a bit different after the dust settles. Should you stay in your current office under the assumption that your workers will return? Are you questioning whether downsizing is worth the hassle?

If your company is grappling with relocation, there are a few things you should consider.

Loss of Productivity

It’s only natural for your team to lose focus during a move, especially if they’re assisting in the downsize operation. However, there are a few things your leadership team can do to help the process move along quickly and efficiently.

As you and your employees plan for the adjustment, it’s essential that there is a move strategy in place so the team can get back to work as quickly as possible. Believe it or not, the preparation for a large-scale move can take anywhere from 6 months to a year and can lead to quite a dip in productivity.

The key is to make it as simple as possible for your team to pack up their work materials and belongings to ensure everything can be relocated to their new office efficiently. Provide any move materials they need; from packing paper to boxes and labels. If you have the ability to work ahead, make sure the new space is ready for your team to move in. Electrical items and IT setup is a great way to make sure people are able to pick up right from where they left off.

Loss of Revenue

This one should be self-explanatory – with a loss of productivity, there is sure to be a loss of revenue.

Depending on the size of the move, you should expect at least a few days for a team to pack up, move, and reassemble office material. The better you plan, the more efficiently you can manage the transition.

What are you going to do with all your extra furniture? What about the miscellaneous items that you no longer have space for? Neglecting the steps it takes to properly decommission your business space will leave you exposed to various unwanted extra expenses from landlords and vendors.

Make sure to plan ahead here and consider every aspect of the relocation. The last thing you want is to hemorrhage money while you’re trying to save money.

Move Management

Occasionally, you’ll bite off a bit more than you can chew. Some moves require more than a few boxes and trucks and employees can’t be expected to manage a relocation while also keeping up with their typical day-to-day.

If this is the case, don’t be afraid to outsource. While it may cost more up front, many small businesses will find that movers and project managers pay for themselves when it comes to salvaging precious working hours and productivity.

Making the Right Choices for Your Business

Oftentimes, if you’re considering downsizing your business, it’s likely the right choice. You just want to make sure that the process doesn’t interrupt the progress of your company and employees.

Make sure to always plan ahead and take the extra steps to avoid unnecessary downtime.

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